Good post Alcollard! Reading between the lines I'm interpreting one thing that most people I've talked to about investing don't really understand. And that is self discipline.

Most people 'hear' about a stock, buy into it typically without doing any real due diligence on it (or very superficial), and sell off at the first sign of trouble. Some buy and proclaim to be "In for long hull".

I'm certainly no pro at this, and reading posts on this and other hubs on Agoracom is certainly educational (if not entertaining), but it would seem that alot do not have game plan when it comes to investing. I'm here to make money. Yes, buy and hold could be a very profitable investment strategy (friend of mine took all his RRSP savings 15 years ago and bought 20 shares of Berkshire Hathaway at $12,500 each. They closed this week at $139,400. He works these days because he wants to, I work because I have to).

I've set myself rules on my entry point, low sell point and high sell point. If a stock goes below my low sell point, that's it. I sell. If it reaches my high sell point, I sell. I'm minimizing my lost and set a percentage as gains. As I continue on this investment journey of mine, I'm sure my rules will change, but as long as I stick to the rules and not get emotional on any stock, I think I can join the ranks of people like Alcollard and become a full position trader.

All the best to everybody and hope you've set yourselves your own rules.

PS: Alcollard, I'm looking for a mentor... Need somebody to cut your grass in the summer? Showel snow? :)