Weeds should always be left to themselves.
The result of a portfolio left alone for 2+ months:
Game: Warren Buffet Million Dollar Challenge
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Got an absolute shock when I checked it today. But poor Citigroup, shoulda sold it when it went up 5% (I guess I’m buying it back in right now) and shoulda bought more CMCSK when it was down 11% (like can you believe it).
APPL is crazy. (But this idiot here bought it after the lauch of the iPhone)
But I don’t think I’ll do anything to it right now. I’m off that website already, just popping in once in a while t’ take a look.
I select stocks based on my gut (and behold, my gut is a rational gut). I’ll first look at the graph, if the trend is going up-down-up-down and currently at the down phase, I’ll buy it. If its a plunging-down-the-rapids kind of down, its most likely doomed unless you have acquired extra knowledge to suggest its not (which in this case I’m too lazy to do so) or you are one who wants it long term.
Of course, several months earlier when my portfolio was abandoned, oil was the hottest, so whatever, buy your oil. At the start, I’m really cautious (or stingy you may call it). I used to buy 10 to 25 (15 or more is already a risk to me) of a certain stock ranging from $3 to $7, anymore would give me heart murmur (note: not 10/25 lots of a stock) and I’ll be selling stocks that went up 3% all the time.
I was ecstatic. But it turns out that the profit is not even worth the transaction fee (or whatever you call it).
And I’m always a little too lag or a little too hasty. (In this case its both) I bought Microsoft when there was a good news– but the ‘queue’ was already there when the market opened, so I bought it several notches more costly and that was the only stock I watched for several hours, but anxiety shook me when I saw it riding up a few cents and riding down a few cents then going back to the middle. And Lo, I couldn’t be waiting here all night. So I sold it, just before it went straight up for the next few days.
By that time it was too late to jump on the bandwagon that might pause for the station by the next stop.
I didn’t check it afterwards, so I didn’t know if my bandwagon instincts were right or not.
Poosh, I never had such a fluid writing before (like I just sat down without a plan and just shoot stuff off the cuff, hey it rhymes terrifically!). I wished all writings could be achieved this way. But not, because I’m never instantly motivated to write something. I must wait for That Moment, which nowadays, don’t ever seem to be coming.