Curious about the little guys out there...
A while back, when I started blogging and following TMF, I read a reply that basically put down small investors or folks with very little money to trade with. We were told that trading in such small amounts was a sure route to financial ruin and a good way to lose money. I disagreed with that then and still do today.
I may not be a millionaire or have 100s of thousands of dollars to invest, but I do have a small portfolio that so far has managed to net me about 21% in paper profit. Might not seem very big given the sizeable run up the market has had over the past seven months, but given that I am making 21% with some losing picks in there, I'd say that beats putting my money into a savings account any day.
I know that I am far from a pro when it comes to trading, and that I continue to have a lot to learn. I am curious to know how my fellow small time traders out there in Fool-land are doing.
For the record, I own stock in all but eight of my current picks and have at one time or another held positions in each one of my picks here on TMF. I do acknowledge that I am far from the best picker out there and that I have taken some sizeable (relative to my portfolio size) risks considering the amount of money I am trading. BUT have read in many places that to make money one has to be willing to risk money. To make big money one has to be willing to risk big money. Until I have big money to risk, I'll take my chances with what I have, and consider each lesson I learned as a valuable investment in my future.
Note, my experiment with FAZ and SKF are my biggest losers to date since I got wiped out last Fall. If I believe Alstry and some of the other uber-Bears out there, I still might be able to make money on them...but I'm not holding my breath.