This is a really good overview.
Just to add my .02, I personally don't diversify as much as you say. I usually have around 5, and never more than 10, but I do miss out on a lot.
I never put a significant amount of money into a stock unless I feel really good about it. I might throw a little in a play if everyone else is on top of it, just to ride along. Most of the time, however, I need to feel personally like it is a good play. When I stray from this, it doesn't seem to work out well.
I also put a much higher percentage into companies I truly believe in and hold them for much longer term, like SYEV over the past few years. I trade a bit of my position as they inevitably fluctuate like OTCs do, but I always keep a portion of stock for the long term. I like to own stocks that I don't care if they go down in the short term. It's even better if I am hoping that they fall just to increase my position.
I'll sell quickly if something doesn't seem right, but it takes a lot more for me to buy. I follow a lot of stocks mentioned here, but I usually don't buy them unless I came across them independently first, or I at least feel like I would have loved them had I come across it independently.
Like I said, I do miss out on a lot that other people hit on, but I'm comfortable missing out, it doesn't bother me nearly as much as losing money on a play.
Other than that I am with you.
I'm not as experienced as the rest on this board, and potentially not as successful, but that is my perspective.
Also, with CTDH, revs were much lower QoQ, when people were hoping for more growth. Also, they don't release official PRs so the stock gets no love. It could be a good play in the .07s at this point, though. A good quarter would put it back up to .1. I like it personally, because you don't have to worry about it losing a ton of money. I try to only play companies that aren't in danger of bankruptcy.
