1. Writer0224 (10:06:59 PM): you are taking huge risks
Perception
Writer0224 (10:06:59 PM): you are taking huge risks
Buying growing companies at freebie prices is perceived to be very risky.

2. Kinds of Risk
Mostly undefinable: Good Risk – low downside, large upside Bad Risk - (if it’s not good, it’s bad) Definable Risk - casino No Risk – driving 100 mph into a wall.

3. Sell Strategy
Sell a stock if you have something better to own. Cash may be better than your stocks. If hedge funds are panic selling, cut out first --- ask questions later; before they clobber you. Get back in later at a lower price.

4. I’m ruthless
I’ll sell out of anything, at any time, for any reason. Or at least that is how it appears.
1. Business fundamentals change.
2. Bad news comes out that changes my perception of the company.
3. To buy something better.
4. I feel like there is downside risk and I can buy back cheaper.

5. Bad Logic Playing with the “House’s Money”
Margining up on things you don’t understanding
Diversifying across average investments and expecting to be better than average
Going long in a bear market
Going short in a bull market