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Strategies & Market Trends : Can you beat 50% per month?
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To: TraderGreg who wrote (165)2/24/1999 9:04:00 PM
From: daffydog  Read Replies (1) of 19256
 
TG,

Then the next question is why keep a small position in a stock of which you've sold the vast majority? It seems to me that this only serves to keep reminding yourself of what you might have missed, since you're obligated to keep track of your portfolio. It's similar to the widely-repeated advice to keep 5-10% of your portfolio in gold, or in bonds, or some such "stable" investment. The fact is that this tiny percentage of a portfolio isn't going to keep the wolf from the door if the world crashes and burns, and requires that you check "how it's doing" even though you'd rather do anything else.

If you had kept 5% of an AOL position that you bought in 1993 and sold in 1996, only to see that if you had kept the whole 100% you would now be the king of the world, would this make you feel better? I know I would be hospitalizable.

MGG
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