Strategic Resources, LTD.(fka SGCR)

[Hilander]

For me trading stocks is like playing golf. If I hit a good drive then my putting sucks. There's always something to work on. It seems like I’m consistently tweeking my game but my score doesn't improve . The only way I've gotten really confident and lower my score is when I play at least once a week.

I've got an idea. We can pick one thing to work on to tweek and improve our trading skills. We both did good when we bought. There's no problem there. The obvious thing to work on now is selling. There are only 3 choices for us right now. To sell, buy more or hold. The price is too expensive for me to buy more, so that's out for me. Yesterday, we both made the decision to hold. I hope we made the right decision. I'm OK with mine. If the stock falls like a rock from here, it won't be the first time I've missed a trade.

If I were making yesterday's trade 3 years ago, I might of sold because fear would of entered my thoughts that I would lose my money. My trading history has been, I've sold too early, too late and waited too long and missed the trade altogether. The way I rationalize missing a trade is by upgrading the status of my stock from a short term capital gain to a long term capital gain. Most stocks I've held for over a year anyway.

This is where it gets funny because we never know if we've made the right decision until we are either kicking ourselves for not selling or being elated that we're the best stock trader around because we held or sold. There are entire books and articles written about just that, When Do I Sell? I've saved a few articles that will get us going. As far as I'm concerned this information is not proprietary. The articles I've read were free and came from the internet. So, there is no problem with sharing the information.

Why don't we do this, dig up everything we can find on selling and compare notes. What's your vote?