tracking the quick stuff is making me too jumpy.--
janes I never look at my portfolio. I don't even open the enveloped that come home I could be the victim of Bernie Maddoff and not know it! This started out as a bad habit but I turned into my benefit, when I realize that not looking at the market at all helps me invest. I have days that I'm so far into the research and so buried in the endless facts & rumors that I totally miss that the Naz is down huge. And I buy my stock, sit back turn around se the TV and freak out!
About 3 times a year I get all revved up, angry and aggressive and open a portfolio and draw lines through what's not working then I tactically insert my stocks into the Hedge Fund's portfolio they have made for me. So I increase my Alpha in a consistent way while trimming my poor performers. In general everything needs 3 months to prove itself.
And in a best case scenario every buy you make you have tracked for 2 weeks before hand.
Another trick-- Consider yourself a swing trader not a day trader. I don't like to generate tons of paper work and I don't like shaving little tiny scalps... If I wanted to I could do that all day long. It's boring. Yes you make money but you feel dirty and at the end of the day you own nothing and have no skin in the game. Some folks feel smarter that way... They want to go home even with nothing on the line... those guys never make any real money.
Consider each stock a flower. In that they have stages of growth. They are very smart people who probably can tell where the flower is going to grow perhaps they were given " bulbs " in advance and they are adept at spotting the very first bloom of the plant. When the crocus just pops it's head out of the frozen earth. Then there's this nice little middle session when the stalks grow but no bud appears you still don't know the color or shape of the plant you just know it's going to be tall-- This is where I like to invest at the 1/3 mark... Then when that Bloom Opens and everyone revels in the beauty and function of that plant you are already in and you take that plant to the 3/4 mark and past.... Then I tend to get off and let someone else take on the approaching winter. ~si
thanks stoney, appreciate it. but...not so sure that with my temperament i can pull it off. i have found that if i'm home, i pretty much watch the numbers. my guess is that it's easier, or at least feeds my neurotic brain more vigorously than the other stuff i do. the other part of my life involves pretty slow, careful work, and this watching the numbers doesn't work well with it. i do really like the research part of investing, though. definitely going to close my webull acct and just move everything to interactive brokers. they make these robinhood/ webull apps so that they are pretty addictive. also, have sold the algae stock. that one is complicated to explain.