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Playing & Trading Strategy

when my port was your size, I sold anything that had a certain % gain I liked andI immediately reinvested it into something else ...

Posted by: tatoufan on Sep 24, 13:02 in response to loner's post [newbish]When to sell a movies stock

Then repeat. I did not start holding stocks (especially anything over 40$) until I got to 300 million and needed to put my cash somewhere besides starbonds and funds, because I had them (SB bringing an estimated profit within the coming six weeks).  I won't tell my exact target %, but the percentage I sought as a return was rather low (less than 6%) and I was happy to get it so quickly.

I did not get greedy and hold out for ten or 20% back then. I do now, but I can afford the loss if I miss a move. It can be a time consuming way to manage a port as you need to give your port a lot of attention and not let day trades slip away (if you day trade, I do.), but it grew my port like a weed and I have had a blast getting my port to where it is. GL





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