After two months of holding $PGOLD, I decided it is too slow of a stock and sold it for only around 5% gain. I just realized that maybe I waited too long for it to do something. That's my problem, I'm too patient in trading.
After that, half of the funds from the $PGOLD sale, I decided to move into $TUGS. It seem to be starting a good trend. As always, this being a speculative play, I'll make sure to watch my stop loss level closely.
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| chart from www.bigcharts.marketwatch.com |
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| chart from www.bigcharts.marketwatch.com |
I realized that if I want to make it past 100% YTD returns before the year ends, I need to let go of the slow stocks in my portfolio and find a high flyer. Let's keep this simple, cut the losers and the laggers short and let the winners run until they ran out of steam.
Cheers.
Alex
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