Why Patience Pays When Holding Winning Stocks

[morpheustrading 10]

 

Always hold your winners until price action gives you a reason not to (but dump the losers quickly when they hit your stops).

[Ammeo 10]

No Wonder money rich traders have held stocks and stakes for much much longer periods, now many of them are billionaires and multi-millionaires..

[morpheustrading 10]

No Wonder money rich traders have held stocks and stakes for much much longer periods, now many of them are billionaires and multi-millionaires..

 

Well, I cannot yet claim to be a billionaire, but I will definitely say that longer holding periods are the way to go (at least for me).

 

Not only does it tend to increase my profits, but it greatly reduces my stress too, which is a huge benefit.

 

Just "set it and forget it" with regard to stops.

[lord_of_trading 10]

I've had USDJPY open for over 2 weeks and I'm not letting off until my target is hit. Im up over 200 pips

[GoOptionsPro 10]

Agreed . Good example

[timlisten 10]

Yah, although I swing trade, some stocks are to be hold for the long term like GOOG.

[fxeconomist 11]

Well if you are a fan of buy-and-hold strategy always remember that "market can stay irrational much longer than you can stay solvent";)

Its not something easy nowadays to play buy-and-hold strategy because economic growth becomes harder and harder..