R255 is a big level for AGL. So I took some. Not much science to it. Trading is no science either. I'll hold these things and make a fine return - perhaps in a day - perhaps in a year. Not trying to time it that accurately. Gave up that game long ago. I'll continue to take my AGL back as it drops, or I'll make do with the ones I have. My cost in on the whole batch - if I were to buy them all back at R255 is "-" R5 - that's good enough for me!
You're joking - right!?!. The argument was about investing being about "TIME in the market" and tading about "TIMING the market." Thus - my attitude is that of an investor - ie "TIME in the market. Incidentally "TIME in the market" is still TIME. If I could earn more interest (a payment for the use of my money based on TIME! )in the bank - I would go with that. It's always time!! Now, stop being silly! You're better than this vacuous argument that you are perpetuating.
okay i like this argument simply because its like the chicken and egg thing...you cant have one without the other but you posted:"Not trying to time it" okay i left out the accurately because now if its not accurately timed, then price must be the dominant determinant? As far as "time in the market" goes...look at Implats...will time in the market sort its price out.
BUT that's the point - assuming IMPLATS falls to zero - it would fail the test on both counts to wit. "timing" and "time-in" the market. It is about return over time. This implies price growth (or the inverse for a short position.) Price will do what it will do. All things being equal, you cannot make IMPLATS go up (or down, for that matter.) You can merely time your entry and exit points. The price is beyond your control. "Timing," on the othe hand, is the very measure of your activities. It is absolute and you DEFINE it. It is your slave, your servant. You and I - in our short lives/careers can only take advantage of the movement within a given period. This movement must be judged on a relative basis - for this we use the "interest-free rate of return (moneymarket rates etc.) Our overall results are measured in absolute terms as an annual rate of return.