One look at the chart of VHC below tells you why we are traders and not investors:
Each of the pink Pullback Off Highs lines were buying opportunities: Trade 1: Bought 300 shares at $21.64, sold at $24.23 — total profit of $777 or 12% Trade 2: Bought 300 shares at $21.70, sold at $25.69 — total profit of $1,197 or 18.4% Trade 3: Bought 300 shares at $24.50, holding at $26.50 — total profit so far of $600 Total gains: $2,574!
If we were investors though — we would have bought 300 shares at $21.64 and at $26.50, would have a gain of just $1,458. We’ll continue to be traders and enjoy the extra $1,100!
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