Re. "Did you ever look at which is better..."
I spent a couple of hours reviewing this, and I can't determine. Definition of "better" is confounding, because position size makes a huge difference. On most stocks, at least recently, I am buying more as they fall, but the positions are usually small. On stocks that have been winners, as I say if I sell, I am always trying to keep a stub position. If I've a stock that's doubled, I NEVER tell myself, "sell half and ride the rest, I then am riding on the house's money." My idea instead is, "What is fair value?" If I believe the stock value to be higher, I hold, maybe only sell a token few shares, so I do capture some gain should the stock fall back.
It's very hard for me to add anything but a few shares to stocks at the point where they've already gone up a lot. I believe that's been a big mistake as I look at stocks that I hold that have gone up the most dollar-wise in my account. Usually those are stocks I've held several years. I shouda/coulda/dint add somewhere along the line. AAPL being an example. I am trying to adjust for this by being more aware of the good businesses/stocks that I hold (more set-and not forget), and add when share price drops. As an example I like moat stock ICE - Intercontinental Exchange. I've held shares since 2017. As the stock has fallen from Aug. highs, beginning in Sept. I started buying more. Persistent tiny buys - buying all though Oct. My intent is to just keep on holding shares. Fwiw, I've been doing similar with long-held CPAY.
Looking at percentage gainers is difficult/misleading because of the way the brokerage calculates % gain on stocks, where I have dividends reinvested. For example, the largest % gainer in one portfolio is long-held ALLY Financial with over a 5000% gain. But this is because I sold almost all shares, the reinvested dividends are still there though, and the percent gain is calculated on a denominator of just 1 or 2 shares.
Anyway, good question that you ask, and I'm sorry I really have no definitive
answer for you. |
