RE:RE:RE:RE:RE:RE: RE:RE: L2Patrick i am humbled. With this being said and with all due respect I will want to avoid whatever issues people have between them. Having said that i dont honestly believe I have more shares. I have about the lowest possible shares besides 0 500 1000 and 1500. Leaving the personal stuff aside at one time i said it isnt how many shares someone has but how they use them.
The issue i find is with fomo greed and fear. People want to have massive amounts of shares sit on them and hope it will make them a millionaire, myself included. The reality is it may or it may not and while sitting on shares for extensive periods of time not only do you take more market risk but you also most likely tied up tons of monies and that leads to opportunity costs and often resentment especially when other things you may have wanted to buy but couldnt because you are sitting on massive shares waiting to become rich ties up all your resources. Again i am quite guilty of this but started to think in terms what is the maximum i want to risk on any one stock? For me $2000 to $2500 regardless of share price. I seldom buy stocks worth more than a dollar unless they have dividends but if i do again i will only max total $2500.
There are also varying ways people can do things none of which should include trying to time the market. Some people pick a few stocks pick their buy and sell points and simply trade within those stocks versus trading between them but to be very disciplined so not to have a "slush fund" you may very accurately know how much money you made from a stock and put all or some of that into the same stock trading specifically within. So for instance i have both BTCW and Big. If lets say i sell 1000 shares BTCW i will note that along with the dollar proceed gain or loss and use that only for BTCW and use Bigg only for Bigg. The reason i would sell within vs between and delineate is because if i move miney from one stock to the other and i lose on that move it bothers me but if i have that money tied to the one stock you will either lose or gain but you will know the patterns and strategically trade within. This also is not market timimg as you are not trying to look at other stocks what they are doing when they will get hot etc. I find 9 out of 10 times when i tried to do this i got burnt but if you know something is a hot sector or sectors in general dont bet against the tide get in there.
Now people diversify to avoid putting their "eggs in one basket". Quite honestly this may or may not really matter in the sense if one is actively trading. Every stock goes up and down even the most depressed in the worst time but if there are hot moviing sectors and stocks get in there however i noticed on rapidly rising stocks that keep running 9 out of 10 times they will get nailed. There were times i sold early at 20 to 25 percent gains still gains and when the stock keeps runining i sold a bit more looking to keep about half a position and it was a right move because after the second time selling the stock either came down at worse or levelled.
Because there are just so many ways to handle stocks one can never instruct others what is the best or right way although there are some truths which are lot of times if you dont take your profit the stocks get nailed and take time to go back up. Initially i think i had 1000 here. At .16 from a cost average of about .12 i think i sold all my shares took the profit but then i thought back about all the stocks i sold full out of and went ballistic so i bought again with some of that profit but half the amount 500 so i kept some profit and some shares so i can theoretically build bank and shares vs just shares and having constant risk. My plan if i actually follow would be to buy back only half of what i sold or not sell as many in the first place always holding no less than ideally 1000 shares off a 5000 position if 10000 no less than 2000 so minimum hold 20 percent. So if i hold 20 percent took the profit and keep the proceeds specific to that stock i sold out of if it goes down 20 or more percent buy back 2000 worth of shares (meaning half of the monies gained) on 5000 shares...held aside 1000 shares sold 4000 worth whatever 2000 shares worth are reinvest in the same stock or if it runs find another.
Everything i do is to put my mind in a winning mind set not a remorseful one. But having said this i have not rigidly followed all this and why i am not better off. I find when i folliw a plan i am further along the way than when i do not but everyone has to figure out what is it they want and whether the stock keeos rising you made profit celebrate dont have regrets because that will poison the well it is about putting yourself in the winning and only winning mindset sticking to planned losses and repositiioning as well as not getting into peeing contests with others on the boards or manipulating by bashing and pumping i have done all that it gets you nowhere. I am very yappy so as much as i want to stay off the boards i actually promised i would stop posting on all.the boards here i am. Sadly, i do break promises i can flip flop on how i feel about companies although you have to if they do something not right while they were doing them right or something good when they were not that is being impartial but i used to be a mouthpiece for management because i wanted my stocks to do well and i was so naive to believe everything they fed me. Dont like management dont fall in love with your stock or particular sectors and not others unless there are personal philosophical reasons you may not put money into something...i am a vegetarian for instance i avoid most restaurant stocks unless they are specifically all vegetarian like odd burger etc. Dont let philosophical dislike get in the way i was absolutely against crypto because of how it all came out i called it counterfeit and had it not been legal i still would. At first crypto was also extremely dirty but it evolved into flaring and using run off energy from other power sources and sectors like that of oil and gas mining places being heated etc which run crypto mining rigs without being new energy heavy in giving off c02. Conversely i love gaming movies etc but if i find the juniors not worth pursuing i dont despite a love. One should not care wherever you can make money as long as you are ok with it invest/gamble in it but always do so with intent preplans of trigger points to take monies out top and bottom with how many shares? It also is very helpful to take your initial investment out as soon as you can i have not and it bites me every time in the backside. Right now my costliest single holding is Acceleware i was as high as 3 times up. I am more than 54 percent down on 9000 shares. I held at one time as high as 16k or 18k i sold off at a liss and repositioned on them still stupidly mismanaging my shares. I not too long ago bought 43,000 Northstar Gaming Shares did not sell a share when they went to .105 and aveeaged out at 6.36 cents. They got nailed to .065 i said f'ck it sold down 13,000 shares small profit thats how i initially bought here bigg and maritime launch but now the 30k i have left is more or less a nickel putting me 21 percent down..the height 52 percent up at .105 now 21 percent down!!! Take the darn profit which i took only at 2.54 percent on 13k shares. My cost average went up a bit i bought 1000 back but that was also dumped off. So most of my monies is tied in Northstar Gaming and Accekeware however i have a plan in mind for them but will assess further beginning next year where both are and whether i keep all or start dumping some. As i said with this and big the plan is to try to get 3000 shares minimum and use 1000 from each as traders hold the rest. If i dont i will be waiting for the dollar point here and big and see how things go. I have 0 doubts that both can get there. Conservatively if both do .30 to .50 this year that is what i would love to see but seeing the movements if this can get to .20 plus that is successful...it did .16 it should be able to do that and then some..if not and it holds .12 to .125 stalemate i wont be upset. If it drops well it is Christmas in all circumstances .125 and lower given what i saud to you i want at least 3000 shares and .125 or less is my desired buy point. I will hold at least 2000 anything above can be put on the table strategically speaking.
There is one thing about me my posts are seldom short. I hope that people have the patience to read and maybe there is something of value in my long posts. If not well i shared impartially my experiences and at the very least it is a mirror showing me what i should think about changing and follow what i am saying i have not and i have seen as said potential higher profits evaporate...not good to say the least. You will be further ahead as i said when you follow your plan to the tee than when you dont even if on the odd times you dont follow the plan and you made more money thats more luck and unlesz you have horse shoes up your backside you will find that is more exception to the rule.
These shares in time should be good for a dollar possibly more but that is my opinion in a lay persons way that said no matter what anyone says whether it proves right or wrong one needs to manage their shares strategically and actively build weslth...sitting on massive amounts of shares while it may hapoen is by far not what i personally will do i will seek to have traders and use them but still hold a significant amount of core. I do put about $100 to $200 into stocks when i have it usually in a month so even though i may have my position sitting around i have some monies i still imject but if i see an opportunity a really maul it over and think whether to take out of Northstar Gaming which is right now not really desired so unless i want to secure a beginning position i will wait it remains a buyers market best to keep adding and holding unless more than 20 percent maybe seize some profit. Usually i look for 1.5 to 2 times but if not 30 and above...due to commission 30 becomes more like 20.
I will leave it at this.