06-29-2021, 02:57 PM
We have a philosophy difference here. When I sell at a loss, I take a gut check, and that gut check goes as follows, "Stock X I'm down 5% on. Stock Y, which is similar, I'm up 5% on. Do I think that, from here on out, Stock X will outperform Stock Y?" If the answer is no, in this brave new world of zero commissions, I move the funds to Stock Y.
In the case of ORC, KMI, and BTI, the loss on ORC was somewhat sizeable (over $100) and I had zero confidence it would right the ship and even stabilize. I used to own ORC when it was closer to 10; it's time to quit. KMI and BTI were tiny losses.
That said, hopefully my gargantuan portfolio churn is coming to an end for 2021. I don't even want to show you my transactions tab. Thankfully when we do our taxes it can electronically download from E*Trade so I don't have to type all that stuff in.
In the case of ORC, KMI, and BTI, the loss on ORC was somewhat sizeable (over $100) and I had zero confidence it would right the ship and even stabilize. I used to own ORC when it was closer to 10; it's time to quit. KMI and BTI were tiny losses.
That said, hopefully my gargantuan portfolio churn is coming to an end for 2021. I don't even want to show you my transactions tab. Thankfully when we do our taxes it can electronically download from E*Trade so I don't have to type all that stuff in.