FEEDI had lunch with a friend last week and he said - why don’t you simply sell after you have a 15% gain in the bag? My response was that you will never have a 25% or 30% winner if you always sell after a 15% gain. He said – it seems like you have more trades that go from 15% to 10% than 15% to 25%.
Just for the heck of it – I went back and reviewed all of the 2007 Real Money portfolio trades. There were 10 trades that traded over 15% that were eventually sold at a smaller percentage. Those trades were sold at an average of 7.9%. There were also 8 trades that sold over 15%. Those trades were sold at an average of 23.5%.
So, my “friend” was right. Using the 2007 Real Money portfolio as a proxy, I did have more stocks go from 15% to 10% than from 15% to 25%. However, the results were NOT better when using a sell target. That being said, I must admit that the difference in performance weren’t earth shattering.
Bottom line is that there are many different ways to skin a cat. Most successful traders have developed a trading plan built around their own personality. Very seldom does one size fit all. The Time and Money Report is built around my trading plan. I encourage my subscribers to tweak my calls to fit their own personal preferences. That’s closer to the ultimate objective The Time and Money Report anyways.
Objectives of The Time & Money Report
- Provide insight to general Financial Independence concepts
- Provide a forum that allows you to observe how a person that trades for a living approaches the market
- Provide insight to my trading strategy to help you develop your own
- Help you to make money
I think it’s true, business are such a good way to explore your potential. It’s nothing without the use of originality copyright software-Glyphius was what I needed for my business.