Majority (75%) of portfolio is used for long-term holds; rest is day/swing trades. Averaging UP is best method to accumulating wealth in the market. Patience (not stubborness) has taken a long time for me to learn, but has given me good gains.
Penn State Econ major~Scholar of Behavioral Finance & 30yr mkt trader~Proponent of the notion that psychology & emotion recurrently contest the efficient market hypothesis*DISCLAIMER:NEVER trade any security based on my opinions~Live Life~Smile Often
Risk and portfolio manager. Former long/short hedge fund manager and prop trader. 20 years of market experience. Started career on Wall Street in the heady 1990s. MBA in Finance from NYU Stern. @seeitmarket contributor. Opinions are my own.