Absolutely, looking forward to 19/August/2020 . I am sure the current CEO is keeping his money where the pocket is.
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Of course it goes both ways.... some traders claim to have done well trading the differences between the markets.
Speaking of Traders, I came across this video via a HC post. He says (if I surmise correctly) that Trading in ATM/A2M was on of his biggest mistakes. In one year he made approx 100% trading A2M....... but if he had just bought and held through that same year he would have made over 200%..... and much more if he had held longer. In short he regrets trading v holding (and doesn't even mention the tax impacts!) Here's the video link FYI. (and yes, he's an Aussie.)
Anyone out there with similar experiences?
(Disc - Held since before this Aussie woke up!)
Not with ATM (yet) but if I'd held on to every stock I've traded since March, I would be at least double the gains I've made through trading in that time, which in itself has been pretty respectable. But you can only work with what you know and I for one certainly wasn't expecting this V like bounce and associated craziness.
Anyone out there with similar experiences?
I was one of those. I have done both... traded and held some for long term as well. I made some good money with A2 and paid a decent chunk of taxes too (it is all good). I would have made a lot lot more if I had not traded so much. But hindsight is such a beautiful thing isn't it?
Same, if i had bought and held ATM when i started trading it back in Nov 2019 i would have been better off just holding. Can't same the same for the other shares i have been trading though.
Thanks for sharing your experiences Dotbond, Longy, Cyclical. I often wonder about the relative merits of Trading v holding long.