Tuesday, April 6, 2010

not holding long enough

mistakes:  buying weakness

 selling out winners too soon  -- over and over again -- not having the confidence to hold through.

 Need to keep position size smaller.

 Keep gravitating toward weak names -- which will require more time.

 Entries often too high -- selling on pullbacks...

 Need to have more conviction, smaller size -- and simply hold the best idea.  

 Overtrading into 3rd tier names.  No need.

  Need to focus on just a few names each day.  Don't be afraid to do nothing.  The moments of profit will be quick and violent.  If it doesn't happen immediately... it's a sell.

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