I realized that I have a good niche in identifying good stocks very earlier on. I do make the move & take that risk when others dont. I do get in very early in several of stocks (few examples NVDA at $30, INTL $18, RKLB @ 13, RRCE $1.9 & many more ) If I had stayed on them,,, ,i could retire by now.
But i have 2 problems -
\- I would have invested smaller packets
\- I exit them as soon as I make some profit without realizing the full potential of those stocks.
MU is a classic exampl... I got in 3 yrs back.. knowing it had potential ... but current levels are unimaginable
Off course I know that they are gold mines , hence I get in. But the moment the valuation goes up beyond my estimates, i get nervous and exit assuming it will not sustain that thresholds. But they end up going 5-10x up after that I exit...
Off late is have started selling only 30-50% of the available stock instead of full to book some profits & then buy more on dips
What are best practices to improvize your convictions
.. how do you judge when to stick & when to exit