[QUOTE=Ellen;218159]
Originally Posted by
beechbum
I am NOT preaching Buy High and Sell Low. (Unless it's Buying or Selling PUTS-in that case you are correct)
(If you want to make money in the market buy Long Term and Buy Quality) Why not buy OR sell short term Volatility?
I agree with your first statement, my point came across wrong that you were preaching that. What I meant was that if following that advice you mentioned earlier, buying high and selling low would be the outcome...I agree with your options statement.
As for short term trading...the odds are in the house's favor because short term trends can not be predicted...hindsight 20/20. Sure, occasionaly you may hit a homerun, but when it is all said and done, you will be in the red. Trading on short term trends are very similar to playing the inside in roulette.