Buy and hold or trade?

Its easy on hind sight, isn't it? But what about without hind sight?

There are times for buy and hold and times for trade.......it is because of the dichotomy that the debate never ends.

But judging from popular literature, you will never know about the dichotomy. Its a one sided debate. Everyone seems to tell you to buy and hold  / invest, don't trade.  But it is not so simple.

Buy and hold or trade depends on your personality. Know thyself. And work on it. 

I just want to say, every few years, a bear market , a crisis will come and neutralise all your gains from the bull years, testing your beliefs in buy and hold.  That is a fact. Do you have the mantle for it?

How  viable is it anyway for an ikan bilis like me to behave as if I am PNB with its unlimited access to funds?  How viable is it anway for me to pretend as if I am Warren Bufettt with insurance funds to finance my games?

There is a time for buy and hold and a time when cash is King. If the time for cash is King is not already here, it will be soon. Believe it.....the time for cash is King is near at hand. 

This is a traders' market . Trade if you have  the time and the talent. Go get some books written by traders. Don't just rely on Buy and Hold books. 

A word of caution.....Stay away from the chartists . Stay away from the CMT types. I think being a CMT is the surest way to hell. Chartists brains are already programed to rationalise stuffs. Chartists brains are trained to rationalise, to justify . Their training is not evidence based. Eventually, they do not become good traders.

So.....does that mean no FA no TA when investing / trading?

I did not say that. What I want to say is that you have to challenge conventional wisdom if you want to succeed in this business. 

Look at how successful is this KYY......He don't across as the smartest kid on the block...sure no Professor in Finance...and no CMT......Yet, he is the most successful in this game.

Learn, learn and learn......and happy learning.