Originally Posted by myselff77:
Thanks for the feedback. I was able to use Schwab’s Streetsmart Edge to create a screener that hits on his criteria for stocks in Phase 2. From there I look at the charts to see what has volume decreasing and price fluctuating tightening up.
Probably can learn to time things better in terms of the best entry point. I also find it difficult to figure out where exactly in phase 2 the stock is and how much run it has left but I assume I’ll get better with time in recognizing the VCP pattern. I’ve been happy with my first 4 trades at least.
How long are you typically holding on to a stock? Im really not sure if it’s typical to hold onto a stock for a month or more. I’m holding longer than I expected but selling off 50% at certain increments to lock in some profits and let some continue to run. Seems to be working but I can always learn more.
Your hold time depends on market conditions. When the market truly begins a bull run, you will hold for weeks to months at a time to let winners run.
The past few years, however, my hold times are days to at most weeks. I will scale out of positions, like you're mentioning. Selling 25-50% initially and seeing if the remaining has a bit more chance to run.
Don't beat yourself locking in profits. You simply CANNOT time each trade to get maximum value. It's not possible with this strategy when capital preservation is rule number 1. But just remember, there's plenty of other setups out there to catch too as long as the trend is positive. [Reply]
My portfolio has made a big U-turn off the bottom.
My July 1 pick Ford (F) is up 50%, Disney is up 50% off the June low, Tilray has based and is up 40% off the lows. The only real dog right now is Facebook aka META. It needs a big run and I'll be in great shape. [Reply]
Originally Posted by scho63:
My portfolio has made a big U-turn off the bottom.
My July 1 pick Ford (F) is up 50%, Disney is up 50% off the June low, Tilray has based and is up 40% off the lows. The only real dog right now is Facebook aka META. It needs a big run and I'll be in great shape.
Up that much from the bottom or up that much from where you purchased them? [Reply]
As of this moment I have 4 green stocks... Pretty sure I've went from worst to first. I have no doubt I'll be back in last before the month is up so I had to point it out :-) [Reply]
Originally Posted by Chazno:
As of this moment I have 4 green stocks... Pretty sure I've went from worst to first. I have no doubt I'll be back in last before the month is up so I had to point it out :-)
I picked my stocks to hold on in a continued bear market, so I'm sure that I'm dropping in the standings. But I'm very happy about that since my real-life portfolio is on a recovery path from the big declines earlier in the year. [Reply]
Originally Posted by Chazno:
As of this moment I have 4 green stocks... Pretty sure I've went from worst to first. I have no doubt I'll be back in last before the month is up so I had to point it out :-)
Originally Posted by Rain Man:
I picked my stocks to hold on in a continued bear market, so I'm sure that I'm dropping in the standings. But I'm very happy about that since my real-life portfolio is on a recovery path from the big declines earlier in the year.
