Thanks Nick for your sage advice.
I have first tier and second tier. I have my losers and my winners. I have long term investments whose conditions are always changing. I have my short term holds and my speculative buys and sells. I have mutual funds.
What I'm lacking is a clear cut investment strategy and tactical movement based upon market and stock fluctuations. That's hurting me. I'm trying to learn more about puts and calls.
Clearly I've been ahead of the market over the last month and have benefited greatly. Much more so than I ever could have imagined.
However when I think about CODX and the buy I made anticipating great things, watching so many fits and starts with this stock. Watching it get cut in half then not keeping an eye on one thing alone that foretold its eventual rise. That was the options on the stock. after watching many technicals and charts on this I finally decided to close at $10 taking a 1/3 haircut putting an $8 target to reacquire the stock,only to realize the next day a consolidation and eventual rise to $14. I disregarded options activity and paid a price for this. It should have been as clear as day and I just ignored those indications. Shoot me, please.
Also being so flush with so much cash I am tempted to buy buy buy, But will show extreme discipline in so doing, hence my reluctance. But feeling that the great opportunities are passing me by.
Another case in point is GILD. They're talking down the stock today. but as I watched it after hours last evening it was up over 12% to over $88.Clearly a market mover today. Thinking short term it was good to sell but didn't. I held this thing from $80 down to 73 and waited for clear indications of success.
My choice was CODX, MRNA and GILD. I held GILD, Sold CODX at a loss and closed MRNA at $24 before making or losing money on it. There has to be a better way for me to solidly determine based upon my preliminary research to capitalize on stock potential movements.
