RightWingConspirator said:
Yup, I made a huge mistake dumping my shares of POWL at $120. I now realize that buy and hold investors should not take advice from trading investors.
Hope that does not come across negatively…they just have different motivations. This one kills me.
You're making an assumption that buy and hold outperforms actively managing your account with 2 stocks that have been unicorns during a period of irrational exuberance. This weekend, look at several 5-10 year charts on stocks and see where you'd be. Then look at those same charts and buy/sell when the charts told you to. Go 25/75 method. That's 25% above the bottom and and 25% from the top because you'll never pick either perfectly, play in the middle. Also, realize that the number of shares on your re-buy will be higher because you rolled the profits for the next wave. That method of compounding grows your account exponentially.
Please include ROKU on 12/26/18 at $30, the day I bought it with the first purchase in my son's account. I sold it at $200, then it went to $400 and now it's at $63 in 5 years with no splits or dividends. I'd have doubled his money but since that sell. Over the last 2 weeks he's bought 100 shares of PANW at $275 and 100 shrs of SNOW today at $184. I haven't added any funds except a refund from the IRS of $1,800 so please don't discourage people for driving to learn how to do the same for their families because of 2 unicorns. I've proven it is definitely possible over many years.