ParrotStock's avatar
$299.9m follower assets
You guy's know I can get extended at times with too many open trades.

I currently have 25 core pos. that I rarely make moves on; but I usually have between 30 - 40 pos. with swings included.

The 9-5 is getting busy, and I just can't keep up with so many open trades right now, so I'm trimming to build some cash and reduce the noise

Sold $TDOC $ARBK $CCJ shares & $ATY $FDX options for a small net gain & raised cash to 6%

From 41 to 36 positions

How many trades do you actively manage? 👇

🦜
Contrarian Investor Media's avatar
Close to 40 but some of these are stump positions where the stock doubled after my initial investment and I sold half of it to recoup that

Would still like to trim further but need to wait a bit more for capital gains purposes
ParrotStock's avatar
@parrotOctober 28
Author
I have a few of those as well; $PLTR comes to mind, but I plan to hold that one for a while
Contrarian Investor Media's avatar
@parrot yeah at that point you’re playing with house money. Some of my covid purchases fall in this category: $AM and $BCX for example
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@parrotOctober 28
Author
It's true, but it still needs to be monitored at some level and can cause noise, that's why I'm reviewing positions to make sure I want to keep tracking them long term.
Loughlin Gethins's avatar
At the moment I have 24. 4 of those I would consider “cash stocks” - ie slow and steady alpha with low beta.

I don’t like cash out of principle. I would rather have it in a low beta stock that keeps up with inflation.
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@parrotOctober 28
Author
Makes sense. I was keeping cash in $QYLD, but sold to allocate to some swing trades and never went back in this account (I still have it in another account)
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@parrotOctober 28
Author
Counting the $MP shares & $HOOD options I closed earlier in the week, I'm actually down to 34 positions 😊

Told you guy's I had too much going on to keep everything updated 😅
Kenny Nielsen's avatar
Hi Parrot, I’m finally on CommonStock 😊
I have 29 positions, after I started reducing my numbers from around 38. My goal is to have 25 high conviction positions. I have 4 categories (income, anchor, growth and fun) to keep everything organized 😂 oh, and then some crypto 🤔
ParrotStock's avatar
@parrotOctober 28
Author
Glad you joined CS! Welcome!

Similar goal of having around 25 core conviction positions. I don't know if I'll ever completely get away from having a few more open swings though. 😉
Todd Campbell's avatar
The more the merrier ;-) $ I'm a unicorn oddball, though. Over 100+ positions, but I do this full time.
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@parrotOctober 28
Author
I think if I did this full time I would have more positions as well. I tend to by more when I have free time, then trim when life gets busier.

Tuff to respond to big/broad market moves though with so many positions (at least that's been my case)

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