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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks

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ogi
To: kidl who wrote (38045)8/14/2015 3:02:55 PM
From: madmax1231 Recommendation   of 49402
 
my biggest challenge to grow as an independent investor is to become better at selling. v.RX is a perfect example. I agonized over whether or not I should sell it at the high last year because I knew it had gotten ahead of itself. I ended up asking myself the question, "based on projected growth rates, will this be worth more next year than right now?" I decided the answer was yes, and so I stayed put. That was the wrong decision.

I currently have it written down as a reminder to sell at least a portion of my positions when I can identify that they have gotten ahead of themselves.

Anyone can say, "but what about the long term??" But I find really with the exception of XPEL (so far) there isn't a company that I invested in over the last couple of years that I would choose to start a new position in. Currently I'm in Ibh, but if I was on the outside without having already built a large position, then I would be waiting a couple of quarters for the plant news to be more immediate. just for example.

Obviously everybody's strategies are different, this is just me trying to figure out what mine should be.
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