I asked myself what stocks I really beleved in, based on a year of reading about them and based on the CEOs and their honesty and then would I be willing to hold them thru a bad market/recession because I believed in the simple act of investing in stocks, not because I was trying to buy and then sell to the greater fool.
The only ones that passed the test were EMC, DELL, and CIENA. Major factors for me were Retugerrs, Dell, and Nettles, the very bright CEOS.
All the other trades I made in RMBS,PWER, RIMM, INSP, LHSP,ane even QCOM were just buying and selling to the greater fool, which I did best of all in QCOM, i must say.
But I never had a selling strategy, looking back on it, I should have said when my portfolio reaces x amount, take one half off the table period and put it in a safe fixed income vehicle.
I don't intend to trade that way again, ever.
THe stocks that almost made my cut for buy and hold were QCOM and JDSU, but not quite. I still doubt the story just enought so that I would not hold them in tough times.
Try to get to sleep and quit worrying. You will make yourself sick and then what good is the money. |
