I have explained that before, typically it is 20%-25% core, 20%-25% day trading, 20%-25% special long term situations (orphan value stocks or other special cases like HAUP, where I ave 10% in, part as the core and part as a "special situation") 20% -25% swing trading. No big religion about it, and when more "day trading stocks" are "happening" (like MAGS, NVEC, ONXX, TASR and IPIX recently), I may increase the portion that goes to day trading. Note that even with longer term situations, will often wait for a new high to print, let it run a little and cash in my chips, then reenter at a discount. The philosophy is quite simple, new highs beget new highs, and if you can get a discount to last sale in a stock making new highs, guess what, the next new high must be profitable. From time to time they will run away from you (for a long time I could not get back in IGT because of this), but there are always other stocks to play. Other times, they'll continue and drift back down to the bottom of a new box, where I try to double. Some times, they will even breach and I will then step aside for a little while. Your home work is to search COO and look at all the trades in the last six months against a chart, that will teach you my technique better than anything else. If you go as far as late 1999 (where I started to play COO around 10/11 or so). I am almost sure that some threadsters which do the LTBH type of investment still have their shares from late 1999 and are soon going to be in a position to get the special five year cap gains treatment on that (g).
