Real Money Portfolio – Update 1/13

This thread tracks real trades in one of my portfolios. Refer to backgrounder for more info.

Luckily my sells from the previous week were not at the bottom.  3 out of 4 of those stocks are still trading below their selling prices. PSQ is solidly lower, while FXI and GDX are barely below.  So, if I decide to buy back those positions more than likely it I will be a higher price.  Many will say, if you are going to buy them back at a higher price why sell. 

I have played the game of holding on to losing positions praying for them to come back and have lost more times than I have won.  The number one objective in trading is capital preservation.  As long as you have capital, you can stay in the game.  If you can keep your losses small – the odds of compensating for it with the next winner improve.  So, I take small losses and move on. 

I allocated another 10% to CRESY on Tuesday as it hit another new closing high.  Unfortunately, it spent the remainder of the week selling off.  Let’s see what the next week brings.  I will be keeping a close eye on CEF, GDX and FXI.

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