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The Guts and Glory of Day Trading: True stories of day traders who made (or lost) $1,000,000 by Mark Ingebretsen

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Chapter Twelve – Long-Term Holds and Covered Calls – Bob Martin: The Gorilla Hunter

Bob Martin began investing seriously back in April 1997. He remembers that date because it coincides exactly with the time he and his wife and the couple’s two daughters bought their first home computer and hooked it to the Internet. Starting with an account worth roughly $70,000, that year Martin grew his portfolio exponentially up until the early months of 2000 when it handily topped seven figures.

True enough, the crash of 2000 had set him back by slightly more than 25 percent when we talked in the summer of 2000. But that doesn’t take away from the admirable fact that Martin achieved his results largely by using a buy-and-hold strategy. Ask him; he’ll tell ...

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