Have I just been lucky today?

Quote from interdigital:

I don't think so. You can't make significant gains without taking significant risk.

I have actually traded that stock previously, so I was able to take those profits and buy more shares. It's not like I took 260K of my own cash and dumped it into that stock. The avg price for the current shares that I hold is around 23.
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i hope the best for you with that stock. i owned it for a while (lost a tad - bought it in the 23s as well when rimm announced those recent licensing pacts with them). wall st doesn't like that co. intellectual property/royalty plays go unloved. But maybe their 3G property will pay off.

i agree too however on portfolio mgmt theory... 90% is nuts... i hope you double your money, but seriously ... its easy to get compulsive and make bad decisions when so much risk is in one place. Been there done that.
 
I think my success today was based on picking good entry points, and just taking what the market gave me. I used to try to get at least $1K per trade, and that is probably one thing that has screwed me before. Most of my trades today had a profit of less than $1K each, but it all added up.
 
Quote from interdigital:

Around 300K, but about 260K of that is tied up in one stock, so only about 40K of cash available for trading.
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ouch, sounds like a T Sykes strategy, imo. Hope you are hedged somewhat. :eek:
 
no you werent lucky today just unlucky yesterday....hope you are net up on idcc...youve got cohones....i lost huge money back in the day holding out for hope....that isnt even a blue chip....i couldnt sleep at night holding that....i hope it all works out for you...

o yeah,hedging such a huge position is imperative,no?sell calls/buy puts ,whatever option strategies exist...
 
Quote from interdigital:

I don't think so. You can't make significant gains without taking significant risk.
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90% in one stock when your portfolio is that large is not significant risk. Sorry, but that is just plain inexperience and stupid.
 
Well hopefully I have finally figured out how to daytrade. If that is the case, then the percentage of my portfolio occupied by that one stock will gradually shrink. :D
 
Quote from interdigital:

Well hopefully I have finally figured out how to daytrade. If that is the case, then the percentage of my portfolio occupied by that one stock will gradually shrink. :D
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You've figured out how to daytrade profitably after one day??
Either you're the greatest genius there is, or you're a little bit delusional. Also, what do you mean when "you think" that 6 out of 8 trades were losers yesterday? You don't know for sure?
 
It seems you may have broken rule #14 of trading... never fall in love with a stock. I could be wrong, but, when your handle is the stock's name, it's usually a safe bet that you're married to your position. I could be way off on this but if not, maybe it will encourage you to re-evaluate your position.
 
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