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To: kidl who wrote (38045)8/14/2015 3:02:55 PM
From: madmax1231 Recommendation

Recommended By
ogi

  Respond to of 49402
 
my biggest challenge to grow as an independent investor is to become better at selling. v.RX is a perfect example. I agonized over whether or not I should sell it at the high last year because I knew it had gotten ahead of itself. I ended up asking myself the question, "based on projected growth rates, will this be worth more next year than right now?" I decided the answer was yes, and so I stayed put. That was the wrong decision.

I currently have it written down as a reminder to sell at least a portion of my positions when I can identify that they have gotten ahead of themselves.

Anyone can say, "but what about the long term??" But I find really with the exception of XPEL (so far) there isn't a company that I invested in over the last couple of years that I would choose to start a new position in. Currently I'm in Ibh, but if I was on the outside without having already built a large position, then I would be waiting a couple of quarters for the plant news to be more immediate. just for example.

Obviously everybody's strategies are different, this is just me trying to figure out what mine should be.



To: kidl who wrote (38045)8/14/2015 3:27:44 PM
From: forbrydelsen4 Recommendations

Recommended By
Boolish
Flipper12
Manucastle
MikeFdem

  Read Replies (1) | Respond to of 49402
 
kidl, you mentioned you were buying KLS at $3 recently. I see its at $1.97 today.
I'm not trying to be difficult here, but you just wrote that there is no point in fighting a trend and KLS has been going down steadily all year (was in the high $6s on Jan 1st and now under $2) and with energy related companies very much out of favour currently, why would you choose this one to stay in, whilst getting out of the majority of other small caps? I don't quite see the rationale.



To: kidl who wrote (38045)8/14/2015 4:31:49 PM
From: WorthaDeeperLook3 Recommendations

Recommended By
longz
madmax123
MikeFdem

  Read Replies (1) | Respond to of 49402
 
When you hold 10x+ the daily volume average in a stock, it's probably better not to care too much about short term swings and focus on LT fundamentals.

However, for a young investor like me, I must agree with kidl on this one. I started swing trading around my core positions and it really helped my performance.

Don't try to fight a downtrend unless you have a longer term horizon. If so, you shouldn't be whining here if your stock continues to go down... Only time will tell if your conviction was right.



To: kidl who wrote (38045)8/14/2015 10:58:42 PM
From: JoJoK  Respond to of 49402
 
No one can time the market, but many times it's smart to raise cash when the market for something seems hot. I'm skeptical of DAP's move and sold some today (so did MikeDDKing). The optionality of cash is underrated value. I agree that a capital preservation strategy makes more sense than simple buy and hold. One advantage of being an individual investor is flexibility.