Does your stock portfolio tend to accumulate dog stocks that you are at a loss on, HOPING they may someday, by some miracle, get you back to even?
You aren’t alone.
We all know that’s not the way to trade, but so many of us end up selling our winners – to lock in that profit before it evaporates – and keeping our losers.
Thus, after a while, you have a portfolio of dogs with little available cash for buying good stocks.
Normal Procedure to Lose Money Trading Stock
There are a lot of investment newsletters that talk you into buying something – typically after it’s gone up a lot – and then leave you kind of hanging as the stock drifts lower.
Maybe they use a stop loss to keep you from losing your shirt, but if you fail to renew those stops after 60 or 90 days, they expire. The stock either sags in price or maybe even plummets in price.
Another dog to be tucked away in the back corner of your brokerage account in the “hope and pray” category.
A Stock Trading Service That Will Leave You No Dogs
100 Trade Jack is a rather unique stock trading service that you can subscribe to on a monthly basis that does NOT give you one recommendation after another.
So many services feel the need to always have a new pick, to the point where you cannot buy them all, and end up buying the losers and missing the big winners.
Sound familiar?
With 100 Trade Jack, the stock trader you follow – Jack – only has a few stocks in his portfolio, and often will be in the safety of 100% cash. When he makes a trade, it’s a high probability trade.
If the trade works out, he stays with it for a while and then closes it out.
If the trade does not work out, he closes the trade right away and moves on. He never tucks a stock in the back of the portfolio to wait for the market to recover, for the stock to recover or for some pump and dump guru to recommend it so the stock pops and he can get out of it.
Jack trades like a big boy. Take profits, take losses – admit mistakes, move on.
Doesn’t that sound refreshing?
An Example of This Just Happened Today
Today we had a good example of what I am referring to, and in fact it was the inspiration for this blog post.
A stock that we bought yesterday at $5.40 was perhaps a mistake to buy – maybe and maybe not. Thing is, Jack knew the trade needed to either work right away or get out.
So today, even thought the stock traded at $5.40 per share or above all day, wasn’t doing what it needed to do to justify staying in it.
So Jack put out the word at about 3:45 Eastern Time that he may sell and about 10 minutes later he did in fact sell giving all his subscribers adequate time to close out the trade as well.
Personally, I got out just a couple of cents higher so it was a wash, but the key is that the stock we bought yesterday is not going to be still sitting in my brokerage account in a few weeks, months, or even years – waiting for a better price to sell; waiting to get back to even.
I know, I’ve been there before.
In fact, once the “summer doldrums” are behind us I will be looking to unload some dogs from past investment newsletters where the guru didn’t sell because “the market just isn’t appreciating the value in the company” or some such nonsense.
Bottom line is whatever the market prices a stock at, that’s what it’s worth. Holding forever is USUALLY a losing game.
If you are looking for a stock trading service that calls a trade what it is and doesn’t make you “hope and pray” for better prices, take a look at 100 Trade Jack right now. (There is a 60 day money back guarantee)
For more of our thoughts on this unique stock trading service, read our full 100 Trade Jack Review.
