I bought some RCL when things started looking a lot better but thought size is bad. I started using Ken's method to buy 50 plus stocks with smaller size. My son likes RCL, we used Ken's way to buy it late in the game.
Why rclh, I would ccl. Why 50 , buy ccl by 25. Not today and now. CCL is 22% up.i got my ccl almost triple in value.
RCL was cash rich, I was trading it from $40s up to $134 before the Crash that took it down below $20 temp. I was long CCL at $45, road it down to $30s before bailing, use to trade CCL every day. Own a few shares of CCL and NCLH, CAR,KMX,CVNA,ERI,PENN,MGP,MGM,CZR,LLY,CWH,BXMT,FDUS,TCPC,ARNC(Boeing play),HXL ect. Instead of going Big, it was Ken's idea of buying 30 to 500 shares of stocks we like. Looking back I paid $219 for my SPY shares, only 75 shares(missed my chance)? Sorry to ramble, spreading out the risk helps, since I was never a Bear I wanted to buy as much as I could without gambling.
Got you. I was trading all three for long time. RCL is more volatile plus expensive mean $50+. NCLH is chipper but third in the row. CCL is well positioned stock they are sitting on cash $18 bill. In my opinion, they will recover first ( could be NCLH). I got CCL a lot of shares midterm. I’m looking over $30+ at least and will see. Got it increased almost tree times. Suggest to buy it but good price now is $16.83. I got M, KSS in my midterm positions they doubled will hold too still will rise. PS. Got “real time” on iPad all my interested stocks and etfs. Don’t have to buy to watch. Got 20% plus today on my CCL still holding
Volatility on options with certain casino stocks was almost the cost of the stock itself. Was that because of the rampant fear? Just a gut feeling,looks like we are so awash in cash the Market is heading up. That's just my gut, there are many Pros here think its going down. Two people make a market, its great! Good Luck with CCL, I want to add more because the Saudis and Chinese are investing in all the Cruise lines.
Great job! On a side note, I often find it smart to lighten up, close up to half winning swings on hot Fridays, since there might be weekend bad news that cause Monday gap downs. Another good reason for scaling in during uptrends, so average cost basis is low. Well played!
I think if you run the numbers will find that you are better off buying and selling a full position, rather than scaling in or out. This of course assumes you have some sort of quantifiable edge. With out an edge your are just burning your cash more slowly. I scale in to keep my risk at a reasonable level. I would increase my returns significantly by taking a full position but I'm uncomfortable with the risk involved. Anything over 10 positions is overdiversification. Rather than have 30 positions, possibly having 10 and increasing you risk per trade 3 times might result in better returns.