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How many stocks are you in?

post #1 of 17
Thread Starter 
Is 17 too many or too few?




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post #2 of 17
depends how much ur trading with, im in with 7.
post #3 of 17
4 should be 5 by the end of today
post #4 of 17
Quote:
Originally Posted by The Daleks View Post
Is 17 too many or too few?




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I'd say that depends on how much you've got invested. But if you've got a lot in the market 17 is a good number I would think. Hell you could probably get that up to 30 to really be diversified. I've only been investing for a couple of months now and I'm trying to build up some funds to expand my portfolio, but right now I'm in on 8 stocks. Over the next year I'd like to double that.
post #5 of 17
I havent bought 17 stocks in the 2 months i been trading and my funds are
4 thousand+
in a week ill play with 2-3 on strong activity.
post #6 of 17
As long as your diversified and keeping track of movements you could have 100.
post #7 of 17
Yesterday 6, sold off 3. If the rally keeps up I could end the day with 1 or maybe even zero which would be great. Pulling profits right now. Then jump in on next dip.
post #8 of 17
quality over quantity.

1k spread over 17 stocks is pointless, 100k spread over 17 is conservative, 1m spread over 17 is risky. it all depends on how much you invested and where.
post #9 of 17
Quote:
Originally Posted by imsabah View Post
quality over quantity.

1k spread over 17 stocks is pointless, 100k spread over 17 is conservative, 1m spread over 17 is risky. it all depends on how much you invested and where.
X2

I am playing with penny stocks, and have 3 with about 1100, between them and almost all even plays.
post #10 of 17
3 or so. I like to only trade big movers.
post #11 of 17

UP AND DOWN

varies at times ...but usually i keep 3 - 6
post #12 of 17
LOW is looking good Kevy. Why so negative about gold? hehehe
post #13 of 17
Quote:
Originally Posted by The Daleks View Post
Is 17 too many or too few?




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There is no official right or wrong answer to this. It depends on your style, experience, capital, etc.

Unofficially, since I know based on your posts your general experience level, it's too many. You have much to learn. Take it slow or you will be out of the game before you know it.
post #14 of 17
for 4k i would say ten at the most but thats just me personaly. are you in any .pk/.ob's if so i hope no more than a couple hundred dollars. especially during times like these when the big boards are low. i have 32 stocks in my non-retirement accounts but some have been held for 10 years or more.
post #15 of 17
3-5 only got 2k
post #16 of 17
4
post #17 of 17
Quote:
Originally Posted by simonyadig View Post
There is no official right or wrong answer to this. It depends on your style, experience, capital, etc.

Unofficially, since I know based on your posts your general experience level, it's too many. You have much to learn. Take it slow or you will be out of the game before you know it.
Simon is right. I made the same mistake when I first started by buying too much. At one point I probably had around 15 stocks.

My guess is they are all or mostly penny stocks which you are just about all in the red with because you kept buying more to get into the next hot penny stock. But you only have a few hundred in each so unless the stock makes a 50% or more move up selling it, even at a gain barly covers the comisson.

When I was in a similar position the best thing I did was cut my losses sold everything, started over with a more thought out trading plan and stayed away from pennies. Everyone has their own startegy but I've been doing much better ever since I got rid of all that clutter.
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