Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: kidl who wrote (201800)	7/30/2011 2:51:25 PM
From: Nos Da	2 Recommendations Read Replies (1) of 312979

Used to be around 20 though went up to nearer 30 at times, now down to 9! Decided a few months ago to go to 'quality' (a relative term!) beacuse of potential market problems. Much prefer this way though the volatility may increase. But I'm in good company, the likes of Loeb in his book "Battle for investment survival" and Jim Slater "Zulu Principle" advocate this approach or at least something close to it. Put all your eggs in one basket and watch the basket (Loeb), whereas Slater recommends knowing more about your (few) holdings than anyone else ( I take this as meaning know as much as possible about each stock you own and this is achieved by having fewer stocks). Additionally, I find it much easier to track and more importantly much easier to manage my emotional capital, i.e. if I know more about a stock I own and it goes down it's much easier to either ride it out or add to the position rather than freaking out because I don't know the whole picture. Confidence (to a point) in what you own is very important IMHO.

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