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Monday, May 27, 2024

Why We Are Traders And Not Investors

Reminder: Harlan is available to chat with Members, comments are found below each post.

 One look at the chart of VHC below tells you why we are traders and not investors: 

 
   
 
Each of the pink Pullback Off Highs lines were buying opportunities: 
 
Trade 1: Bought 300 shares at $21.64, sold at $24.23 — total profit of $777 or 12%
Trade 2: Bought 300 shares at $21.70, sold at $25.69 — total profit of $1,197 or 18.4%
Trade 3: Bought 300 shares at $24.50, holding at $26.50 — total profit so far of $600
 
Total gains: $2,574!
 

If we were investors though — we would have bought 300 shares at $21.64 and at $26.50, would have a gain of just $1,458.  We’ll continue to be traders and enjoy the extra $1,100!

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