RE: Trading ObservationDr. Mike : How do you know ??????????????
Well it is not easy. Every day you can own a different company as it develops and moves forward or backwards. It is not boring!
here is what I try to do/
1.decide on a core position and buy x mount of shares.
2. evaluate this position in view of developments.
3. Ad of sell according to your investment goal and cash position.
4.take some profit when possible.
5. Don't fall in love so much that it interferes with rational decision making .
6. try to be disciplined.
What have I done :
1.after loosing substantial $$$$$$$$$$ in SMY I over came anger and shying away and accumulated a core position at $0.21 of a large core position for a very small investor.
2. have added to that position at the same price as I felt the company move forward. And it has in my view in the last month or so.
3. have a target price to sell the trading position unless things change significantly then I might reconsider.
4. I will try not to be to greedy and make my core position do. It is already 30% higher then what I had in SMY.
Have fun.
Y