The accumulation phase

[fenders53]

(10-16-2020, 03:39 PM)EricL Wrote: I've found that finding great stocks isn't hard, but actually buying them and holding onto them is.

I was long MNST and CMG back around 2008 and sold both with 100% gains only to watch them go higher by another 1000%.

I've watched NFLX and AMZN gain 1000%+ but never bought either because I either didn't believe the story, thought competition was coming or thought they were too expensive for my portfolio.

I now have a side portfolio that I buy things like that with. I'm long stocks like DG, SHAK, NVDA, SQ, SHOP, TTD, FB, and TDOC. Stocks that have potential to be the next 10 baggers. 

Now I just need to manage them right and not screw it up by selling them! =)

If I had it to do over Eric, here's my master plan lol.  You buy those promising stocks and if they run you don't sell, but you get most or all of your initial cash off the table when they run 2X or 3X, then try to forget you own them. Then add another with your profits.  I won't call it a lotto shot, but only a few go parabolic and more stocks increases your odds.  You only need a few homeruns and you don't need a $10K investment to make you smile.  Maybe grand slams in the bottom of the ninth is more accurate lol.  Reality is some boring stocks I sold in the 90s are five baggers in not much over 20 years.  A five bagger is not all that amazing in two decades, but a half dozen on them will fix a port with some total loss BKs in the mix.