Stock of the Day
Stock of the Day
Out of context: Reply #449
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- bainbridge0
How long do you hold on to a stock?
If you buy and the stock goes down and you're at a loss, do you hold and hope to recoup losses?
Have you profited overall?
Are you holding onto unrealized gains hoping to gain more?
- It's hot "hoping to gain more", it's "investing". I've held some for over 20 years. Always know why you buy, hold or sell. It's research.formed
- If a company you believe in goes down, you add to your position, if it goes up 20-50% in one week, take some profits.formed
- Overall, my port is up several 100's of %. If I tried to time the market, take too many profits, etc., I'd have missed out on 90% of those gains.formed
- Same as formed. Most of my holdings are mutual funds and ETFs but my stocks I simply grow as formed described.monospaced
- For me it’s simplified because I don’t do much high risk stuff. I don’t have time for that nonsense.monospaced
- So if you're up 200%, you don't sell because you just assume it will continue to grow?bainbridge
- That depends on what the research says. The annual reports and news are usually enough combined with trends.monospaced
- If it’s still going up, I might sell a little and let the rest go up. But if it dips or falls significantly on the way, you buy more. Hedge your own bets.monospaced
- "Buy the stocks that are bought and sell the stocks that are selling"********