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16/04/16
18:10
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Originally posted by ryan1986
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So the fact that LWP did go up substantially after I bought (see the chart... look at the spike...) and I did not sell any at all, and then bought more after the spike as it flattened, as I bought in for fundamental reasons which were yet to be achieved... and then sat and watched red flag after red flag appear and finally decided to sell... that makes me a day trader? wow...
And no, the increase in portfolio the past 3 months - very little of it has been sold... but the portfolio no longer shows a loss on LWP, and since then has increased by a factor 4 times what I lost on LWP....
Yet you are the smart investor sitting on a substantial loss? and I am a day trader (one who has never day traded in my life). haha
I have 3 high conviction stocks for 2016, one I have held and continue to buy since September, these 3 are where my money is parked until my targets are met, once they are met I reassess and go forward, reduce some risk and begin taking a position in the next high conviction stock (which I then also plan to hold for 6-12 months at the very least, and receive multi-bag/re-rate style profits)
But yes... day trading is my thing... apparently...
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Well, to be fair, when you said you have "made back you loses 4 fold" it does sort of sound like you cashed in your chips within 3 months which would suggest a short term trader. If you haven't then you haven't made back anything yet, just like people who still hold in LWP haven't lost anything yet. Don't count your chickens and all that.