Pink Poogle Toy Forum

I'm just getting started in the Stock Market. Since I can't RS much anymore, I figured I'd better learn this LOL. So, no huge profits yet, but I had about 250K to start with, so I'm focusing on building my portfolio for now.

I only buy at 15 - if there's nothing at 15 all day, I won't buy.

I only sell if it's at 60 or over. So if it's at 61, and I feel like selling, I'll sell it if I want the nps, but I might hang on to it to see if it goes higher. I don't have any set point as to when to sell, just when I'm allowed to sell. If it's at 59, I won't sell.

I also cap my stocks. I only have a max of 9,000 shares of each stock. Depending on how big your portfolio is, your cap will be different. But it's better to diversify than to hold all your eggs in one basket. Otherwise, if you have half your portfolio in one stock, and it bankrupts, you've lost a lot. But if you only have 1/30th of your port in that stock, you can make back the loss in no time.

Oh, another thing. Stocks will drop to 6, but they can't go any lower. (They did once a few months ago for a few hours) As long as you don't sell for less than you paid, you're making a profit. Don't be scared if it drops to 6 and hangs out there for a few months. If you sell it, you'll lose money. But if you wait and sell it in 3 months when it's at 30, you've made money, even though it took a while. You can't buy at less than 15, but you can sell whenever you want. Just because it's dropping to 6, doesn't mean it's going to bankrupt. Of the 13 that have left us, most of them were up high, they weren't just chillin' at 6 waiting to go. So it's okay to have stocks at 6, or just ones that are less than 15. They'll come back.

I have about the same system as Asparagus Queen. I only buy at 15, and if theres a few stocks at 15 I pick the one I have the least of. Although I don't cap my stocks, I still try to difersify as much as possible. I wait until 60 and sell about 1/3 at that point. Next 1/3 at 80+, and the last 1/3 at 100+. Although this sometimes backfires, of course, it prevents me from selling too much so my portfolio still grows at a decent rate.

I guess I didn't post my buying strategy with my selling strategy.

I only buy at exactly 15 as well (seems like a common theme). I never sell things that are at their low point of 6, as well. I'll wait it out for years if I need to.

I might sell too low, though ... I've never really thought about raising my sell point. Perhaps I should think about it. 30 is just where I felt pretty good about selling at.

As for diversification ... I will buy the stock I have fewer of that are at 15. I've never really had to cap my purchase of a stock ... but if I started to get more than 15,000 or so of the same stock, I'd be worried. I have had (well, have) a max of about 10,000 of a single stock at a time.

I've been lucky enough (knock on wood) to only have 2000 shares of my portfolio go bankrupt ever. I'm sure now that I said that, CHIA will go bankrupt and I will lose big. (I currently have 10,000 CHIA)