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All Active Picks Pitched

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July 26, 2010 – Comments (2)

For the second time in my history as a Fool, all active picks are pitched!

Thanks to TMFDeej for the inspiration to git 'er done.

I should have learned from last time.  Once again, I had one pick where I couldn't remember exactly why I picked it - followed a lead from an article or blog post, but couldn't find it.  Probably made the pick because it has the only ticker my dog can pronounce - WOOF

Like many here, a check in the 'Top Pick' column indicates I own the stock.  At least, it does if I've kept the scorecard up to date - no guarantees on keeping it up to date.

[climbs on soapbox]

If you aren't adding pitches for your picks, you're missing part of the value of CAPS.  Pitches can serve as an investment journal, add updates by replying to your own pitch as things change.  Also not a bad idea to update the pitch when you close a pick so you know why you closed it.  

All in all a good way to keep track of the thinking behind a pick to help learn from mistakes and learn to repeat successes.

[climbs off soapbox]

Think I'll reward myself with a Maker's Mark on the rocks.

Fool on!

2 Comments – Post Your Own

#1) On July 27, 2010 at 4:26 PM, TMFDeej (99.43) wrote:

Kudos on writing pitches for all of your picks, RD80.  

I completely know what you're saying about forgetting why you picked a stock without them.  I obviously know why I own the stocks that I closely follow and own in real-life (highlighted with the "Top Pick" designation), but to try to remember the reason for choosing every stock a constantly evolving 200 pick portfolio is pretty darn tough.

It's only Tuesday, so I'll pass on the Marker's Mark...but I will have a tall cold beer.

See you around. 

Deej 

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#2) On July 27, 2010 at 9:43 PM, Option1307 (29.69) wrote:

Great work! I try to add pitches, even if they are 2 sentences, to help remind me of my original rational but damn it's time consuming!

Enjoy that whiskey;)

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