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I'm not at odds with this. In the long term, my system returns better than buy-and-hold.

Plus I  feel warm and fuzzy inside because it keeps me out of long-term drawdowns.

It also limits my initial loss to 1-2% if I'm making an initial investment. (I am sure no one wants to enter a trade long term only to see it come off 30% or worse---Not as hard to take a drawdown, with some equity in place Although I have in the system safeguards against excessive drawdowns.)


Trading can result in loss and in rare cases, long-term holds can be less than spectacular TLS anyone and some be delisted, and all the while you could have been averaging down into a position. Happens quite a lot.


[URL unfurl="true"]https://www.asx.com.au/listings/how-to-list/guides-rules-and-resources/delisted-entities[/URL]




In agreeance to a point. Chippies, Plumbers, Tilers, Baristas, and Deli's need to be able to scale to move away from a wage slaves in their own business. They need to multiply their earning capability. If I have 10 people all of whom I generate $20/Hr profit from then I'm making $300 an hour not just 100/ hr as a self-employed Xman. ---just a principal example. Scalability.


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