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Pastimes : Working a day job and making a profit with low capital

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To: CatLady who wrote (12)	4/9/1999 1:55:00 PM
From: Fred Davis	Read Replies (1) of 32

How many positions do you consider holding in order to maintain diversification? I find that at the present time with very low capitAl (I'm learning) that if I hold too many positions I end up paying too much in brokerage fees but if I hold only a few I'll get killed on an issue which takes away from my gains on the winner. I guess the bottom line here is I need to start investing in Nasdaq issues and get away from these high and LOW flying BB issues. I believe this is what's killing me. It does no good to make 50% in a few days on one issue and lose 50% on another just because I'm unable to use stop loses on BBs. The only person that's happy is my broker. It is very frustrating to come home and see a loss of more than 30% or so and not be able to stop the bleeding. After this happens I end up being forced to wait on it to move with almost no volume which confirms to me that I didn't do the proper dd in the first place. However, as I have discussed in an earlier post, a lot of the bb's at least, don't move on fundamentals, it takes a lot of great news to move them.

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