what I am a great believer is to be like Barbara Streisand. she buys many stocks, if they do well she waits like Starbucks, Ebay & Amazon bought before 2000 , if they go down she sells.
If you are not prepared to have a lot of small losses you will never have huge profits.
give it a try.
In our recommended portfolios we have 3 companies that are up more than 100% in one year. I would love to be like Barbara Streisand and have some names up 400% or 700% after a few years.
If I have a big winner , up 400% or 500% I might have 20 names down 15% and still be up big.
Small losses are good, big losses are a disgrace. I want to be like Barbara Streisand
(FORTUNE Magazine) – So Barbra Streisand was talking with her good friend Donna Karan on the phone last fall, and she told Karan she'd made $130,000 on eBay stock in just one month. Karan was duly impressed. As Streisand tells it, "She said, 'Oh, can you do that for me? I'll give you a million dollars to invest for me.' And I said, 'You're crazy, why would you do that?' She said, 'Well, it sounds like you're making so much money, so do it for me.' So I said, 'I'll do it if you're willing to lose it. Are you willing to lose a million dollars? That's the only way I'm willing to do this.'"
At the outset it looked as if the famed designer would indeed take a big loss. "The first day I bought eBay and Amazon, and they dropped like 20 points each, at least," Streisand recalled recently in an exclusive interview with FORTUNE. "I couldn't even call her, because I was heartsick. I was having heart palpitations.... So I waited till the stock went back up, when I could call her again, and then I said, 'I don't think I can do this'...yet I was fascinated to try." The result was stunning: After five months of intense trading, Streisand managed to nearly double her friend's stake, to $1.8 million.