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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (9531)	1/9/2025 12:06:08 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 10522

My inspiration for my portfolio is the S&P 500 index. About half of what's in my portfolio is just placeholder stocks and reminders. By having them in my portfolio, I get to see the news and I catch their up moves. Many are just a handful of shares or even less. About 1/4 to 1/3 are smallish but material positions. And only about 1/4 or so matter. Again, inspired by SPX, as positions move up, they catch my eye and I add to them. You've seen some of my purchase histories. If/when it is warranted, I add rapidly and substantially to a position. The same is true on the way down; unless I have reasons to fight the tape or stay pat, as a stock gets toppy, I cut the position. I am far more likely to prune drastically than to add a large positions. My sells usually trim more than 80% of a position and I am thinking this is too slow. With this context, you can have hundreds of stocks and the process becomes almost automatic and relatively stress free. MESO and BB are very good demonstrations. I dumped my entire MESO stock just before it took off. Within 3 days I built an even larger position than before and gained nearly 60% in a short while. The position was closed a few days ago, but there are conditional buy orders in place. BB was a small position in my portfolio for a long time. The stock went nowhere and neither did its size. In less than 2 weeks it became one of my largest positions and eventually became one of the top 3. Then I dumped it all because it looked toppy. But the next day the Microsoft news came out and the stock behaved. Now it is a good size position again and I will add to it if it gets better. So while having so many stocks may seem excessive, they are part of a process and serve a purpose. Some day I will build an algo to treat the entire market as my buy list and manage my finances accordingly. Then I can cut the size of my portfolio by 80%. But until then, this is the best I can do. --------- From a TA point of view EQX is a buy. There was a very clear buy set up the day before yesterday that if I had been paying attention to and actually had some money, I would have acted on it. I may join you on the forward journey.