I have 6 stocks that I own 3 are up 3 are down. I have some other stocks that I want to buy, So would I be better off selling the ones I'm losing or gaining on. The money I'm playing around with is only 3% of my portfolio.
Everything is in my Vanguard brokerage account.
Now Now Brewer people have to start somewhere...
Buying 6 stocks at .5% of your portfolio is I think the perfect way to start. You can read all the books you want but at some point you got buy some stocks and figure out if buying individual stocks is right for you..
Hell the first thing I bought was when I was 16 were Chrysler bonds. I thought the 10% interest rate was terrific. I had no clue about credit ratings, call provisions, or how badly Merril Lynch fleeced individual investors to buy a couple of bonds back in the 1970s. But I learned when Chrysler was going struggling to avoid bankruptcy, that there was no such thing as a risk free investment that paid big bucks.
It is like what I tell beginning players learning to play poker. "There is no losing poker sessions, just different prices for your lessons".
The valuable lesson that Snow is learning is that successful stock picking requires being right twice, first knowing what and when to buy and second selling.
I suspect for most everyone selling is far more difficult than buying.