| | | Basically I stick with companies I have decades of experience with how they trade so I can trade around a core position. It works great until they have major stumbles... C, GE, MSFT, INTC to name a few.
I was doing really well with Intel trading around a core position, such as selling some at $66.57, buying back at $51.92, selling at $63, buying back at $49.75, selling at $59,75.... then two buys in the 40s and another in low $30s, far too early.
I don't want to add more stocks to follow so selling my INTEL shares with a tiny cost basis in a taxable account and paying the CA and Fed taxes to eat a third... to follow a new stock is a very tough hurdle to clear.
I spent a lot of time accumulating MSFT when it too was hated in the 20s... and the only mistake since then was taking too many profits too soon as it went up over 10X from my low buy...
I could be wrong... which is why I limit my stocks to a reasonably small percentage of my portfolio.
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