RE:RE:RE:RE:For what it's worth I sold 90% of my positionMr. Monopoly I really appreciate your post- althought it was directed at riskyone I took it as being addressed to all of us...
I myself held almost 40% of my stock account in Score... I realized I was starting to break my own cardinal rule- NEVER fall in love with a stock, because you then start to embrace a very bias attitude.
Listening to your advice I really even know I am NOT AS DIVERSIFIED AS I SHOULD BE!
As an ambitious trader trying to get ahead I often have my entire portfolio in 3-4 stocks trying to score big.... and I often do... but I also take BIG unnecessary losses and the swings in my account most times is not worth the stress!
Reading your post makes me feel I need to do more research, more due diligence, further diversify into 4-6 more companies... take a more BUY & HOLD approach (not daytrade and try timing markets) and utilize my technical analysis and charting experience to make strategy timely ENTRY & EXIT STRATEGIES....
Right now I am only holding SCORE, FUELCELL, IBIO, and AMC..... sold all of my TVIX on Friday as VIX was wayyy higher than EVEN I imagined.
There is a bunch of other plays Im interested in:
LIke JNUG (3X Gold) now that its down 51% in 5 days and way oversold my opinion
Eldorado - lowest Gold producer
Bunch of Coronavirus biotechs wanted to make small nvestments in just in case this truly does become a global pandemic.
Think Im going to utilzie the markets off today to find 3-5 additional holdings I feel are a steal at today current prices, and minimize my risk Im assuming with the lack of diversification in my account.
GLTA this week! I firmly believe Score will be back at $0.65+ before end of week... possibly dare I say by end of Monday! We could very well see a 1,000pt + DJIA move should central banks and or Fed make remarks that spark huge buying panic .... be smart - these are moments HUGE gains or losses are made!!!