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Strategies & Market Trends : The Art of Investing

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Jan 9 4:00 PM EST

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To: Sun Tzu who wrote (331)	1/1/1999 1:50:00 PM
From: Michael G. Potter	of 10726

As I was closing out my Quicken for my last trades of the year, I noted that I had stuck to my investing resolution that I'd made last year. I had hung onto my winners and sold my losers pretty consistently throughout the year. I ended with a respectable level of return for my investments and a loss to net against my income for the year. In the past, I tended to take gains way too soon and hold onto losers way too long. I like to buy stocks I think have a good 3-5 years ahead of them, but I also like to trade with a small amount of my account. I always spend the New Year's period looking at what stocks I now hold and try to decide if my reasons for holding them are still valid. I shift stocks I no longer believe in the fundamentals into my trading account. As long as they're still making money for me, I hold them but I'm poised to sell if I see any further negative change. I also sell covered call on them sometimes, but I think that the commissions are very expensive in terms of the return I get. Michael ps - Happy New Year

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