AllStarPortfolio- What about closing bad picks?
October 15, 2009
– Comments (11) |
RELATED TICKERS: KV-A
, HOGS
, CPBY
So if a pick is not working out, say like SQNM. . . just for an example, not to make a target; is it better to hold forever and take possibly more loss, or better to close, and put a fellow fool like Portefeuille back to work knockin' out picks and points?
It's more of a strategy question than a SQNM question, though we may use that or another pick to discuss the strategy.
I have played with the strategy of closing everything as it passed -15% and leaving the good picks open, for a while once on marketwatch, and i did fairly well with it.
-solaris
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Have a RATING of more than 99 on the day of pick
-OR-
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-AND-
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-OR-
Be in the Top Ten at the time of pitch, or have at one time been the Top Fool.
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There is also a shadow account at wallstreetsurvivor where we track with dollars, and compete against Top Bloggers on MSN. Each player gets $2,000 starting money to use as desired between the two picks. Fools who do not dictate their preferences for WSS will have the 'funds' handled by the AllStarPortfolio administrators (me).
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To submit a pick Players should attach their pitch to a blog from this caps account. I will then copy that to the pitch on the stocks page, so that it will be visible on both the stock page and the quickstats page. I will of course place your name, and score at time of pick on the pitch.
You can name your stock here, for dibs (will hold for 7 days), but i will not post the stock until you have made your pitch, and picked a time frame, also.
I am willing to share the password with a few someones, if they would like, to facilitate timing.
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-solaris
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