Originally Posted by KC native
Day trading should be left to the pros and very dedicated. The leverage and short sightedness of day trading ****s a lot of people.
Buy and hold with a mutual fund isn't bad because there will be turnover in the portfolio by the manager.
Buy and hold forever with individual stocks is a recipie for disaster. Names like Enron and Dell are perrfect examples. Great names when they were runnning up. Now Enron is gone and Dell sets new 52 week lows every year.
Right. Very few stocks are good basically "forever", so at some point you want to sell, and most people (including myself) have no idea when that is. That's why I tend to stay away from individual stocks.
The only time I'll buy individual stocks, typically, is when an otherwise very solid stock is getting beaten up for short term reasons that are FAR more likely due to investor panic than any rational reason. My most successful effort there is buying into and out of Goldman Sachs a few times when banks were getting hammered. Frankly, if GS goes down, then we're all ****ed anyway, so...