Quote:
Originally Posted by A_C_Slater
REPOST since I erroneously put this in the trading thread.
I just started investing last month, just posting my positions here to see how dumb money I might be, any criticism would be nice.
Price I bought in at with percentage of portfolio in parentheses:
BABA@159.75 (5.4%)
CLF @ 10.39 (3.8%)
EMN@ 78.19 (5.6%)
CAT @134.86 (5.6%)
VBTLX @ 10.97 (21.82%)
VMFXX (50.91%)
CASH (6.7%)
I did one day trade buying RAD and selling it the next day on hour old news about them teaming up with Amazon for in store pickups. I made 9% ROI on that. The price dropped about 7% instantly on next day opening and I sold within 13 minutes of market open. I read something later about how the only people trading in the first hour are either really smart or really dumb. I sold RAD near the low of the day. I also bought a utilities ETF near an all time high and sold it the next day near break even. I had no real reason to buy it other that to add to diversity to my portfolio and I realized that and sold.
I am mostly in cash because I don't know what to look for when buying yet. I am mostly just poaching my picks from famous investors like Ray Dalio, Michael Burry, and Joel Greenblatt and then waiting to buy on a down day. I'm using barcharts.com and Yahoo finance to look at fundamentals and volume.
What makes you think your results will be better 1) doing what your doing instead of 2) indexing or 3) picking some value/momentum/quality funds or even 4) doing the opposite of what you think you should do?
Given that you sold something because it was at an all-time high and was diversifying your portfolio, there is a decent chance that 4) is better than 1).
Not really sure why you think that waiting to buy on a down day will improve your results, but it has never improved anyone's results. A similar strategy in poker would be to fold preflop if one or both of your cards have black suits.
If you really like the idea of copying successful investors, then you should be learning their techniques/processes and copying those.