Teaches gambling on stocks thread

Archy1221 said:
One thing you can do to reduce risk is sell enough to pay for your initial investment and leave your profit amount still invested.   That way you now have zero risk and still a potential to gain some more.  
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Yeah, for this account, I sort of try the "go big or go home" approach BUT I have been doing a better job of just taking small gains and moving on to something new.  Especially now since trading is free!

 
teachercd said:
Yeah, for this account, I sort of try the "go big or go home" approach BUT I have been doing a better job of just taking small gains and moving on to something new.  Especially now since trading is free!
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I always try (doesn’t always work cause I get greedy) to pick a profit I am comfortable/happy with and sell at that point and try not to look backwards.   The last part is really hard when a stock breaks out that I already sold recently  :facepalm:

 
Archy1221 said:
I always try (doesn’t always work cause I get greedy) to pick a profit I am comfortable/happy with and sell at that point and try not to look backwards.   The last part is really hard when a stock breaks out that I already sold recently  :facepalm:
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I know that feeling!!!

Sidenote...if Gamestop keeps dropping and gets anywhere new 10 dollars a share, I am going to buy in and just hold on to it until the next time it gets manipulated again.  

 
Archy1221 said:
I always try (doesn’t always work cause I get greedy) to pick a profit I am comfortable/happy with and sell at that point and try not to look backwards.   The last part is really hard when a stock breaks out that I already sold recently  :facepalm:
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Yeah, it’s tough to sell when a stock is/has done very well but that is exactly what you have to do. My guy just called me a few days ago and said I should sell my Marathon Petroleum (MPC) that I’ve had for 5-6 years to capture the profits. It has averaged over 40% per year. I’ve sold off bits of it before but this time he talked me into all of it. It’s like I had a child leave for college. Loved that stock. Whenever the price of gas would increase or was high, I’d look at that one in my portfolio and the pump price never bothered me.

 
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JJ Husker said:
Yeah, it’s tough to sell when a stock is/has done very well but that is exactly what you have to do. My guy just called me a few days ago and said I should sell my Marathon Petroleum (MPC) that I’ve had for 5-6 years to capture the profits. It has averaged over 40% per year. I’ve sold off bits of it before but this time he talked me into all of it. It’s like I had a child leave for college. Loved that stock. Whenever the price of gas would increase or was high, I’d look at that one in my portfolio and the pump price never bothered me.
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YES!  I get emotionally attached to certain stocks.

 
teachercd said:
YES!  I get emotionally attached to certain stocks.
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Yes.  Over the years I’ve done very well at times with GE. I still own it and have no plans to sell. It will stay about the same for a long time then all of a sudden have a good year.  On average, it’s done alright. 

 
teachercd said:
YES!  I get emotionally attached to certain stocks.
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It’s not so much emotional. It’s more FOMO by selling a stock that has been nothing but good returns and growth. Hate seeing the good performers go away. And the ones that suck, you always want to unload them but that just locks in the loss.  
 

I guess it’s just like gambling, if you don’t quit while you’re ahead, you’ll be forced to quit when you’re behind.

Apple is another one that has done great for me. Every few years I sell about half of it to lock in the profit and I’ll be damned, it just continues to climb again. That’s great but it gets harder each time to sell any of it again.

 
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BigRedBuster said:
Yes.  Over the years I’ve done very well at times with GE. I still own it and have no plans to sell. It will stay about the same for a long time then all of a sudden have a good year.  On average, it’s done alright. 
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I hate GE. Their worthless CEO f#&%ed me when I first started trying to trade individual stocks. It seemed like it was a good time to buy the dip, but it kept on dipping for years...

 
ZRod said:
I hate GE. Their worthless CEO f#&%ed me when I first started trying to trade individual stocks. It seemed like it was a good time to buy the dip, but it kept on dipping for years...
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Back in the 90s, I wanted to buy a new bike that was about $1,300. We had very little money. I bought $1000 of GE and within a couple months it more than doubled. I sold….wife was frustrated but couldn’t  argue about me buying it. It was pretty sweet. 

 
BigRedBuster said:
Back in the 90s, I wanted to buy a new bike that was about $1,300. We had very little money. I bought $1000 of GE and within a couple months it more than doubled. I sold….wife was frustrated but couldn’t  argue about me buying it. It was pretty sweet. 
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Was it a Mongoose with sweet mags and badass pegs in the back so your friend would stand on the bike while you peddled?  

Haha!  I swear when I was a kid we would hear these legendary stories of Mongoose dirt bikes.  I never would see one though.  Just recently I saw one a vintage one selling for like 2,500.  

 
teachercd said:
Was it a Mongoose with sweet mags and badass pegs in the back so your friend would stand on the bike while you peddled?  

Haha!  I swear when I was a kid we would hear these legendary stories of Mongoose dirt bikes.  I never would see one though.  Just recently I saw one a vintage one selling for like 2,500.  
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No, it was a Cannondale R300 road bike with arrow bars and a bike computer. It was during my triathlon phase. 

 
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