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<p>[QUOTE=&quot;-jeffB, post: 6653662, member: 27832&quot;]One of my older relatives took up day-trading in retirement. As he described it, &quot;buy things that are going up, sell things that are going down.&quot;</p><p><br /></p><p>Problem is, you <b>can&#039;t know</b> whether something <i>is going</i> up or down, only that it <i>has gone</i> up or down. So that advice basically boils down to &quot;buy something after its price has gone up, sell it after its price has gone down.&quot; Doesn&#039;t sound so great, does it?</p><p><br /></p><p>I&#039;m not rich. I&#039;m not <i>as</i> rich as some of my former co-workers who traded more aggressively. Not as poor as some of them, though, either. I rode out 2001 and 2008 and 2020. In each case, I <i>could</i> have done better if I&#039;d known when the top and bottom were in -- but I did better than those who capitulated and sold at the bottom. And in each case, I was glad that I was making automatic 401(k) buys every month during the doldrums.</p><p><br /></p><p>Those stocks that lost $7.5K in a couple of days -- now that you&#039;ve cashed them in, how much have they gone up today?[/QUOTE]</p><p><br /></p>

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