|Over the past four years there have been two huge rallies and I'm participating in several of their choices that gained way over 100%. Investing is finally paying off in a way that will allow me to do things I wouldn't have given much consideration of doing in the past. |
Several books that I'd read advised concentration in a few stocks. The idea made a lot of sense but I didn't do that well with it. I now realize that the choice, timing and management are all equally important. One without the others won't get it done.
Experiencing success, I'm setting new goals for things I want to do. I think have goals of things I want will help me stay on track and stick to the rules. I'm confident I'll accomplish the goals if I stick to the plan .
Going forward, once this rally ends I plan to double the size of my next purchases when the next penultimate opportunities come. I've been thinking about doing this for awhile, mostly feeling good about the idea based on my past experiences. One possible risk that I won't know until I try it is whether I'll act the same when it comes to making initial purchases when the size of the position is much larger.