InvestorsHub Logo

jugs

04/28/20 4:16 PM

#5665 RE: miketrav69 #5664

Something conspicuously standing out to me is that you tend to make money and lose money.

This is not the case for me as I ALWAYS start positions buying just a few hundred shares. Then follows an "incubational" period of three months during which time I piece information together as part of my due diligence program and then proceed to add or liquidate accordingly.

The pandemic has obliterated lines such as there's ample blurring of boundaries defining opportunity and immanent failure in terms of investment success potential. However, after being fully vested in a stock pick for an extended period of time, I find I'm quite comfortable.

So it is that I routinely sell off shares when I sense things are toppy and I'll buy back when I see more stability on the upside. However, I do not tamper with my core position. In the case of RCEL I hold 50,000 core shares which will be sufficient for the time being. That leaves me with about 10,000 shares for trading purposes. It's a comfortable position.

This works for me and I'm up hugely over the last month (+35%) across my portfolio so no complaints at all. And I'm sitting on a substantial nest egg waiting for a downturn.