Thank you, retired brother, for sharing.I have a q

Thank you, retired brother, for sharing.

I have a question and look forward to your answer.

Long-term holding means consistently holding a stock you are bullish on in the long run,

but any stock will fluctuate, and NVIDIA is no exception.

However, only by holding long-term can you enjoy the multiplied dividends.

Otherwise, if you exit too early, buying back later may increase your cost.

So, is day trading the only way to reduce costs for long-term holding?

Otherwise, you need to be sensitive to trends and pick the right timing, but that's hard for ordinary people. I recall your three principles: take profits, cut losses, and when you worked abroad, your colleagues held stocks long-term and didn’t act during big drops if the analysis showed no fundamental changes.

The first two principles are easier to execute for stocks I just want to profit from, like PDD. But for AMD, which I want to hold long-term, if I had sold at the planned high this year, I would have had around 100K in unrealized gains. I thought about long-term investing, and the cost is relatively low, but a big drop still wiped out tens of thousands of dollars, so I’m not entirely clear on the best approach.

Looking forward to your reply.

退休哥哥

Happy weekend, as mentioned last weekend (timely stock building + Google will step up + AVGO earnings impact chip company layout + small stocks fall), all four were predicted correctly. This week is a pullback week, those strong in risk management definitely reduced positions last Friday or during the night session on Tuesday.

The market is not doing well on the daily chart level, indicators are all pointing downwards, and the weekly chart level is in a stalemate, while the monthly chart level is still rising. Therefore, technically, the market's volatility will further intensify, hence:

1 As mentioned last week, if NVIDIA cannot hold 170, the market will need to switch players - Google and Apple & Broadcom. NVIDIA itself should have fallen long ago, but various positive factors prevented it. Therefore, wait for some negative factors to accumulate and then release them collectively. If it cannot break through 180+ to 200+ (going above 200 is inevitable, just need to wait), many institutions will release news and wait for news to short and profit. Broadcom has encountered the fourth largest buyer, achieving a major breakthrough in the custom chip business, and the CEO is crazily raising guidance, painting a rosy picture. It's so tempting that capital obviously gives you a one-time rise before the market opens, allowing you to kill a batch of those chasing the rise, while also shorting and suppressing NVIDIA and AMD stock prices to make money. Institutions are too bloodthirsty.

2 Tesla currently has no major negative news, unless there is a major accident in autonomous driving or difficulties in license application, these government actions suppress it. Autonomous driving is a big opportunity in the coming years, we can look at the problem from a higher dimension. This is a revolutionary event, Tesla's success or failure depends on it. If you truly believe, just buy and hold, it's merely a matter of price, not like, oh oh oh, today it went from 330 to 350, so amazing, oh oh oh, 350 fell to 330, bad stock.

3 The winter for small stocks will continue, too unstable. After the golden speculation period of July-August, now big companies will rise, small companies rise for a few days and then fall back. Small stocks need to endure, still need to endure.

4 Oracle just wanted to build a position and it went up, let's see the earnings report for luck. Good things take time, a test of patience.

5 People's stock trading behavior is aggressive and prudent in style. Some people want to seize every opportunity in the US stock market, eat tech stocks, eat Nio these Chinese concepts, eat defensive stocks like Berkshire, chase Broadcom's surge, and still want to pursue this. It's still based on cognition, steadily doing well in a few stocks, at least you won't panic in a big drop, NVIDIA falls and I am unfazed.