Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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OneDonatoOne

suncoaster

To: macbolan who wrote (7337)	8/2/2024 6:18:35 PM
From: SeeksQuality	2 Recommendations Read Replies (2) of 22049

I'm not a fan of "selling when they come back". If they don't make sense for your portfolio, then sell now and eat the losses. If they do make sense for your portfolio, then give them a chance to make you some money on their rebound. I was very quickly down 12% on yesterday's purchases of AMZN, but that means nothing to me. Their results met/exceeded my expectations so I took advantage of the dip to add more, maxing out the position. Now I get to hold for a while, until that 12% dip turns into a 15% gain. (My position rules will start triggering trims if/when that happens.) If I'm wrong then I'm wrong, my exposure to the ticker won't kill me, and I'm still broadly underweight tech.

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