Zeev, we are not so far apart. I will open a position at 1-4% and average up if it seems justified. My main account is mostly LTBH (gasp, horrors, laughter >G<, not Hold Forever) and I will hold investment grade as long as the trend and reasons I bought are intact. In practice some of my better choices, amgn, wash mutual, mogn have grown to a rather high percentage of my account. I like to hold 10-20 stocks, enough for diversification but not enough to dilute gains by ending up averaging to like the market. Like many people, I have several accounts, one investment and one for trading. I actually make more money in the investment account but the trading account is for fun, learning and forces me to focus and pay attention to the market. Some of the discussions about trading styles I see is silly. There are as many styles as there are traders and whatever works for someone works. Avoiding the obvious errors is just common sense which is of course, not always common. Good luck and careful trading.
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