Absolutely you should what do works and makes sense to you - it's not my way or highway around here.
Your assumption with the darts analogy is that I buy stocks hoping that they will go up and my point is that I don't really care. Sometimes they do sometimes they don't but the outcome can only be judged over the long term.
If I am sure about something at 25c on the dollar I am all in as there's no point waiting for it to fall to 12.5c. There's not so many chances that I can be sure about to quadruple my money that I will turn my nose up waiting for 8x.
If that means I have a $50 or $100,000 paper loss it just doesn't matter. I will be sitting on a paper loss knowing that when the market comes around to my point of view it will be a $300,000 gain.
As long as I am right about the business, I don't see how trading will improve my game but I can see lots of ways in which it would set me back.
I expect that the market will fluctuate and that's all that needs to be said.
Somehow we went from this:
https://quoteinvestigator.com/2013/09/28/market-fluctuate/
To this:
https://www.cnbc.com/2017/06/09/jpmorgan-sees-a-summer-top-and-market-correction-into-the-fall.html
In the war of ideas everyone gets free speech and the right to express an opinion but not all approaches are equally valid.
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Mkt cap ! $119.5M |
Open | High | Low | Value | Volume |
70.0¢ | 70.0¢ | 68.5¢ | $18.43K | 26.45K |
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1 | 15236 | 0.655 |
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0.700 | 10000 | 1 |
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0.720 | 7500 | 1 |
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