01-10-2009, 12:29 PM
Chan, I think you're being silly. You've got a solid investment in BP, if nothing else, and you've only been in for a few months. Hell, you've barely been in long enough to see long-term taxation on a couple of stocks. Instead of having the short term gains theory, buy some solid stocks that are down and have good dividends and make your money that way. Hell, there's good money to be had if you just start dividend trading, if you want a new investment perspective. Pain tolerance and risk go hand in hand and the most important thing is that you identify your thresholds. I've lost a bit this week too, but every company i own has a good long-term horizon, if nothing else, so I have just kept buying b/c they're on sale and now I'll just be more inclined to hold longer than 2 months :-).
I, for one, would never touch AAPL or RIMM b/c that market is just too fickle and fluctuates too much b/c everybody reads into it too much. In fact, I don't own any tech stocks b/c I haven't found one that I like yet.
I, for one, would never touch AAPL or RIMM b/c that market is just too fickle and fluctuates too much b/c everybody reads into it too much. In fact, I don't own any tech stocks b/c I haven't found one that I like yet.