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07-27-2016, 05:37 PM | #286 |
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Cha-Ching!
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08-01-2016, 06:01 PM |
Hog's Gone Fishin |
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08-01-2016, 06:37 PM | #287 | |
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08-01-2016, 06:42 PM | #288 |
Shit
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08-01-2016, 06:44 PM |
Hog's Gone Fishin |
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08-01-2016, 06:46 PM | #289 | |
Supporter
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08-01-2016, 06:49 PM |
Hog's Gone Fishin |
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08-01-2016, 06:53 PM | #290 |
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Just play with the house's money, bro. I did something similar with that NVDA stock you were asking about. I got into it when it went down to ~30. Sold half at ~56, despite the company's significant upside. The old saying is that pigs get fat and hogs get slaughtered.
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08-01-2016, 06:56 PM | #291 | |
Seize life. Be an ermine.
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08-01-2016, 06:57 PM | #292 | |
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It lessens your risk while maintaining your profits, while still being able to profit from that company should it continue to rise. It's a risky sector though, which is why I would maintain a success where I doubled my profits. Nice job by the way! |
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08-01-2016, 07:04 PM | #293 | |
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08-01-2016, 07:08 PM | #294 | |
Seize life. Be an ermine.
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All in all, I like doing it because you minimize risk, keep some skin in the game if you happen to identify a stock rocket, and you don't get fleeced by mutual fund fees. |
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08-01-2016, 07:09 PM | #295 | |
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08-01-2016, 07:14 PM |
Hog's Gone Fishin |
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08-01-2016, 07:19 PM | #296 |
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So your strategy there is to cash out the original investment and leave the profits or cash out the profits and leave the original?
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08-01-2016, 07:20 PM | #297 |
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Leave the profits.
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08-01-2016, 07:22 PM |
Hog's Gone Fishin |
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08-01-2016, 07:23 PM | #298 |
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08-01-2016, 07:31 PM | #299 |
Seize life. Be an ermine.
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I set a threshold at 20% because I'm lazy, but if I had a little more initiative I'd set up a system where I sold the original investment once I got to the point of a 25% annualized return. If you do that, you can take advantage of random small spikes early in the ownership period.
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08-01-2016, 07:35 PM | #300 | |
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The big pro to me is developing a portfolio of company's you actually believe in. Minimizing losses and removing the emotional factor is also important. We talked about using the fixed percentage OR having a specific exit strateg. IE If I buy NVDA because I know they are going to kill it in the second quarter because their new graphics card is redefining the market, I sell after the earnings announcement is digested. If I buy it because of their potential growth into the automated driving market, I may establish a long-term hold strategy - or just buy long-term call options. In the case of NVDA I did both. However, I got antsy on my long-term call position after it had basically gained 250% on the value of it. That option would now be worth over 6 times my initial investment. But I am happy just to have raked some gains, even if I gave some up because I am a nervous nelly. |
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