My Basket of Deplorables

[Deaddog]

Maybe this isn't financially prudent, but there's certainly a value in bragging rights if I were to hit 100 straight. And with a low percentage of my $$ in any one pick I say it can be worth the risk.

--------------billy

What can you buy with bragging rights?

I'd rather have the money!!

[Deaddog]

You just can't keep all your money in perfect stocks at all time, and shifting your money around constantly chasing that dream just causes lots of friction in trading costs, and wastes your time, which could be better spent on research, learning about which companies are better investments, economics in general, etc.

I only keep my money in stocks that are performing well. If they don't perform well I take a loss and go look for one that will. With todays discount brokerage fees trading cost are next to nothing. Holding stocks that are not performing is what wastes my time. Why hold a stock that is trending down when you can buy one that is trending up. I define a good stock as one that increases in value after I buy it.
I don't care about what a stock should do or might do, I care about what a stock is doing now.

An old Wall street adage says to cut your losses short and let your winners run. I do that.

[Louetta]

I only keep my money in stocks that are performing well. If they don't perform well I take a loss and go look for one that will. With todays discount brokerage fees trading cost are next to nothing. Holding stocks that are not performing is what wastes my time. Why hold a stock that is trending down when you can buy one that is trending up. I define a good stock as one that increases in value after I buy it.
I don't care about what a stock should do or might do, I care about what a stock is doing now.

An old Wall street adage says to cut your losses short and let your winners run. I do that.

Sounds sensible. It's interesting, tho, that Warren Buffett became the second richest person in the world doing something else, i.e. buying good stock in "good" companies and holding thru thick and thin.

[billyjoe]

Update on the deplorables: PAAS is now in positive territory, LCI might be turning around. All they need is a cure for something like the common cold and we might break even. There's still hope for CONE, just a couple dollars to go. SA,AU, and AG aren't dead yet.

----------------billy