Couple of reminders for myself and anyone new out there.
1. Let your winners run, especially if there are good fundamentals in place alongside positive momentum. Sold SDA and HSN way too early.
2. If you're trading with elevated risk, take profits when you see them.
3. Stick with what works with you. Personally I am FAR more successful investing in mid/large caps like SDA, HSN, HIT, GAP, TGR, FXL etc. The smaller stocks I do well with generally have a good track record and relatively low volume. Less risk in those stocks as foundations have already been set.
4. If there is imminent hype surrounding a stock based on potential announcements, try to buy and hold with a trailing stop loss if you notice SP movement oversold and outside RSI. Hype stocks like THD and TV2 had relatively straightforward SP movements based on projected announcements.
5. There are plenty of good stocks out there with relatively simple operations like GAP and HIT. So invest in what you can understand. I take note from the great Peter Lynch in this regard.
Bought up on TGR, FXL, ADR and sold PLS this week. PLS is such a stran
