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Playing & Trading Strategy

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I'm with OlegMax and RogerMore, but time is a factor as well

Posted by: JohnTEQP on Jul 08, 21:04 in response to RogerMore's post One I'd like to add - playing the players is also a factor.

I have more than enough cash (about H$900M0) to hold every security on the exchange. I almost never daytrade, because I just don't have the time. So I buy a stock like SPID5 and hold it until OW, when I make a decision what to do with it. That also saves me commissions, and I don't worry about timing the market. It's working for me so far.

Please explain the strategy behind why someone would buy and hold SPID5 for over a year? elchan Jul 06, 07:21

there are way more part time players than there are regulars. buy and hold is an easy strategy for someone who either doesnt know better or islander Jul 06, 07:24

I often buy and hold the next 2 years tent-poles. Scorpion Jul 06, 07:36

When your port is huge, and you have cash laying around, why not buy as many stocks (short OR long) as you can..put the $ to work! {nm} Flash Jul 06, 07:39

But the dROI is so small to hold it for another year. Any actively managed fund would get at least 1% dROI. elchan Jul 06, 07:50

while 1% sure is desirable, you face a different problem when port grows too big. Oleg Max Jul 06, 07:56

I need to keep that in mind when I become a billionaire. ;-0 {nm} elchan Jul 06, 08:00

You don't need to be a billionaire. @ about half a billion you start running out of stuff to do with your excess cash. Scorpion Jul 06, 10:54

Yeah, I've made a billion so far this year. My average daily change is 0.06% {nm} RogerMore Jul 06, 08:27

my take: Oleg Max Jul 06, 07:40

But, mid 300s seems impossible at current pace, to me. I guess people are still holding on, until they see where SPID4 will actually land. elchan Jul 06, 07:45

it's a unique situation w/ SPID4, given that 3 days won't get a multiplier. SPID3 did 151mill that wknd in 2007.... Oleg Max Jul 06, 07:48