What Did You Buy Today?

[fenders53]

(04-29-2020, 01:42 PM)stockguru Wrote:

(04-29-2020, 01:23 PM)fenders53 Wrote: I hope this doesn't come across too harsh.  Thanks for posting all that, I just asked for context because we all read your posts.  If our buys matter then so do our sells.  I don't really care what you are buying on Tuesday if you are selling it on Thursday for a 3% gain and not telling us you're out. This is a DGI forum so whether you are day trading or investing is of some significance.  

As far as 1-2 share trades not mattering, please allow me to very strongly disagree.  I know with certainty a lot of the membership is doing exactly that because I chat with them offline.  That's exactly how I started 30 years ago and it damn sure did matter when I partially retired 10 years earlier than most ever dream of.  Rethink that thought because it comes off a little arrogant.

If you are holding 67 stocks and are up 28%+ YTD total port in a market that is down, that is nothing less than amazing.  You should share your exits because you got it figured out better than most pro traders.  We do that on the option thread chats for better or worse.  It sucks to admit to a loss but we do it.  Transparency is helpful.

That sounds harsh to me. I don't know how he will take it. But this is suppose to be a fun forum and when you criticize ones buying and selling or tell then what they have to post. What's the point in posting then? Your a bully    Everyone has his or own right what to post or not to post. I can't speak for everyone but divennow has helped me out a lot on these boards and messages directly to me. I was a newbie on here an his knowledge and understanding helped me a out great deal. You seem to buy a lot as well. Do you own 200 stocks as well. Because it seems you do the most buying on here; more then anyone. You say you trimmed some names but you don't give details as to which names or how many shares. So isn't that the same thing?? 

And when I said I bought 1-2 shares you laughed at me   Each investor has a different ways to doing things. What works for them, might not work for others. Vice versa. Wouldn't you agree with that?? 

You wrong more times then right. Yeah I said it  Don't but FB, CBRL, VFC, CLX, and the list goes on. All those stocks are up big since then. 

Anyway its all in fun 

I'm am truly sorry if you really think I am a bully here because that isn't my intent.  I'll respond to a few of your accusations lol.  Context is important because others often buy our suggestions 15 minutes later.  I've seen it happen countless times when they post their buy a half hour later.  

I own about 45 stocks and I wish it was 25.  I'm over my head in companies I can track properly. I don't have 45 great ideas and probably never will.  It's not diversification, it's probably me mistakenly thinking I am a mutual fund manager with a research staff.  

Yeah I gave you heck and called you "two share Guru" a couple weeks ago in jest.  Better scroll back a week earlier and see who first posted that dismissive comment.  I'm sure you didn't really mean to dis new investors. I was just teasing you.  I'll "waste" an hour helping a new investor pick between a couple shares of T or MMM.  Pretty sure you will too.  I remember when I was "two shares fenders". 

Point taken on me providing context.  That's a fair criticism.  Almost all of my positions are at least 100 shares, very rarely more than 500.  Maybe smaller if I am building a position in a high dollar stock I know is overvalued.  I might own 200 shares of JNJ and trim it 5 or 10 shares every day it climbs past its value.  I'll be more clear in the future just for you.  When I am "trimming" I am usually just adding a couple K cash hoping something will drop tomorrow for a small add.

Call me wrong all you want but I don't even know what two of the four tickers you listed are.  I'll always be your favorite bear so just deal with it.     If I cause you to look twice I'll call that a win.  I hope for the same skepticism from you.

Finally, Divemenow is a big boy.  I trust we'll work it out.  He knows where to PM me.  If he owns 67 stocks and is truly beating the market by 30% YTD I'm not ashamed to ask for more details.  That is an incredible accomplishment.  I'm not aware of even one Pro fund manager getting even close to that in this market with a diversified port.  Breaking even is a win YTD.  That is why I asked.