(Topics related to this Post include stock picking, stock advice, hot stocks, best penny stocks)
I am not always great at timing.But so long as you buy great companies at fairly great undervalued prices, you should over the long haul increase your portfolio..However, stocks should be bought with keeping your ‘cubby-hole’ always in mind to live for another day..We are well past the days of buying all on margin..Think about it, if you buy all on margin one equity,you are thus making nearly an all or nothing bet..If this was taking a thought that there is no such thing as any more great plays in the future, some may go ahead with the all or nothing bet..But trust me– trading and long term trading is a long term process . One book my Dad recently gave me talks about bad habits like all or nothing bets in great detail…There will be plenty of opportunities and one shouldn’t put all their money maxed to the highest margin bid ever on any stock..Being bored with a stock may not be enough of a reason to sell..Often times its the worst time to sell a stock–just like shorting those stocks.

Also , I just wanted to elaborate on a Myth or should I say an adage that can be sometimes erroneous. You have probably heard it…….” Buy Low and Sell High ” !! There is absolutely nothing wrong with this but many times in the past the greatest winning trades from my own account were when I “bought high and sold higher”. Some people characterize this as a Bull Flag or stair step stock pattern. But what it is is a Stock that has a lot of momentum and a lot of Volume behind it. Basically you are riding a wave which at the moment is continuing to rise and rise.

Hence the phrase “buy high sell higher “. So you are y getting a confirmation signal that a Stock is on the rise behind strong volume and when you see this you enter the trade !!

Simple as that !!

(Tags include stock picking, stock advice, hot stocks, best penny stocks )

Tags: hot stocks, stock advice, stock picking, stock tips