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- 24 February 2013
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So_Cynical an analysis of my own buy, hold and sell decisions over the years comes to the same conclusion yours did, that I would be vastly wealthier had I never sold a single stock I owned. Yes sometimes selling turns out to be better in individual cases but on average buy and hold seems to win.
The problem I have with the analysis done by tech/a is that he has cherry picked individual examples using hindsight after the fact that fit his trading methodology perfectly and extrapolated that into the statement that his trading methodology is superior to buy and hold on average over the long run.
tech/a If you really want to prove your methodology is superior on average over the long run in real time (not just in cherry picked hindsight examples) start a new thread where in real time you go up against buy and hold fundamental/value guys for example Value Collector, Craft, Vesupria, Mclovin, ROE, (I know some of these guys stopped posting but I am just giving examples of the style of poster/investor I am referring to), etc. In 3 to 5 years time we can determine whose approach is more profitable.
p.s. I am not saying tech/a has a bad or useless methodology. It may indeed produce adequate returns for some.
I am just saying I doubt his approach beats a well implemented buy and hold approach.
The problem I have with the analysis done by tech/a is that he has cherry picked individual examples using hindsight after the fact that fit his trading methodology perfectly and extrapolated that into the statement that his trading methodology is superior to buy and hold on average over the long run.
tech/a If you really want to prove your methodology is superior on average over the long run in real time (not just in cherry picked hindsight examples) start a new thread where in real time you go up against buy and hold fundamental/value guys for example Value Collector, Craft, Vesupria, Mclovin, ROE, (I know some of these guys stopped posting but I am just giving examples of the style of poster/investor I am referring to), etc. In 3 to 5 years time we can determine whose approach is more profitable.
p.s. I am not saying tech/a has a bad or useless methodology. It may indeed produce adequate returns for some.
I am just saying I doubt his approach beats a well implemented buy and hold approach.