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usha

409 Posts.

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25/02/19

23:46

Post #: 37564349
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Originally posted by Karcus ↑

agree in theory
but you have to know why you but a stock in the first place
if you buy it believing long term it will grow, why would you sell it $1 later
And in reality, how many stocks trade like that? And who is clever enough to buy and sell it at each exact high and low point each time?

Goes back to my earlier post:
Some stocks you do buy to trade as you believe they will range trade. Thats fine and a good strategy to thise cldver enougb to identify them and execute that.
But other stocjs are growth stocks, and if you try to trade them you will do o.k, bug you will havd done dar far better if yoh never traded them bug just held.

So far APT is such a stock

And im backing will be for quite some tomd yet

ill happily take 2-3 50% pulbacks next 5 years, as im just not clever enough to know when they will be.

So ill just hold through, and ill come out much richer than those taking profits of trying to time trades. (As traders wil find themselves chasing higher prices to get back in far more often than fluking a 50% retracement on occasion by pure luck).

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am excited to read through the half yearly reporting on the 28th expecting big numbers from the US with growth in Australia as well, we may see a climbs of the $30 mark

APT Price at posting: $20.50 Sentiment: Buy Disclosure: Held
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