What I have seen by guys in the stocks is that they love to talk about it when there ahead a bit. But when it tanks you hear crickets or only tear drops falling.
I work to hard for my money to gamble it away. I’ve seen a few guys hit it just rite…. But there few and far between and mostly lucky.
The bulk of my long term holdings are in dividend payers with a long track record of dividend growth and price appreciation as well.
Having said that, I do also speculate. There have been winners and losers of course. Key is to start with the end in mind. Set up either hard or trailing stops, depending on which makes sense for your end goal with each position.
If you get into a stock that surges and you're not sure about its long term perspective, sell enough to at least get back your initial investment and let the house money ride. Or sell enough to get back initial + 10%, or whatever you want from it.
I bought shopify in 2017 at $90, it went to $180, and bounced between $135-$180 for a while. I sold almost half my position when it went over $180 to get back my original investment, and let the rest ride. Shopify is currently at $1,425.
A year ago it was $1,025. I wish I wouldn't have sold almost half my original position...but I got that money back and have put it to use in other positions. Probably none quite as good as shopify though.
Some losers were a few pot stocks (Marijuana) which kept going down. I had stop losses set on most all of them except a couple which I thought might come back (and still may). Hit losses and sold for losses (20-25% usually).
My wins have more than made up for my losses though, and that's the goal. You have to study and can't just go willy nilly buying someone's recommendations without researching for yourself. That's a good way to lose money.
Sent from my SM-G781V using Tapatalk