I am a private investor and have been active in the stock market for 15 years. My horizon is medium to long-term 2-7 years. I am a contrarian and love to research and read up on companies to identify undervalued gems. I spend significant time tracking the market and I follow the companies I have in my portfolio closely. As I like to say: "I buy a share of a company - not just a piece of paper."
I recently reentered the stock market after years of absence. I think blue chips generally are way too expensive right now and am taking advantage of other opportunities in the market such as the collapse of the SunEdison complex (SUNE, TERP, GLBL) and the current price dislocation in SXCP, USAC, GMLP and other high-yield MLPs with sustainable distributions. I am not a permabull and believe that one has to get out of the market or reduce holdings during booms and reenter in bad times when even blue chips are trading at ridiculously low prices (IT crisis, financial crisis, ... )
Trading Successes: Probably my best buy was BAC in late Feb. 2009 @ $3.28 (even fell into $2.50s same day!!!!!) during the financial crisis - sold in July for $17 (probably my best return ever given the short amount of time I held the stock).
Trading Mistakes: 1) Believing in the management of LDK Solar when they were stubbornly maintaining their positive and bullish outlook on shipments and revenues when PV prices were in free fall due to overcapacity. I took a significant loss and sold in the $5.20s when management finally told the truth. I knew then I had to get rid of the stock quick as management could not be trusted. LDK is now trading in the OTC market @ 5 cents a share. I am amazed they got away with misinforming the market like that, but I also should have been more knowledgeable about the PV industry. I learned a valuable lesson. 2) Buying DRYS. I got out with a big profit but not because DRYS was a good buy. I just got lucky buying low and selling high and got out when the company announced a dilutive equity offering. What I am good at: 1) Buying at rock bottom prices during bad times when most people are panicking and selling at ever lower prices; 2) when I make a bad call, I get out in time before things get ugly (see LDK, DRYS above).
On December 3, 2015, I held stock in the following companies (A-Z): FSLR (avg. price paid: $49.07), GLBL ($4.59), SUNE ($3.66), SXCP ($7.11), TERP ($8.06), and VOW3.DE (€98.30).
On January 4, 2016, I held stock in the following companies (A-Z): CLD (avg. price paid: $2.34), CNXC ($8.91), GLBL ($4.52), MT ($4.09), SUNE ($3.87), SXCP ($6.46), TERP ($8.06), USAC ($11.57), and VOW3.DE (€98.30).
On January 26, 2016, I held stock in the following companies (A-Z): CLD (avg. price paid: $2.03), CNXC ($8.03), CEQP ($13.28), FELP ($1.85) - small lottery position, GLBL ($4.12), GMLP ($8.21), MT ($3.95), NMM ($2.16) - small lottery position, SUNE ($3.20), SXCP ($6.29), TERP ($8.92), USAC ($10.25), and VOW3.DE (€98.30).
As of February 4, 2016, I hold stock in the following companies (A-Z): CLD (avg. price paid: $2.03), CNXC ($8.03), CEQP ($12.77), FELP ($1.85) - small lottery position, GLBL ($4.12), GMLP ($8.21), HNRG ($4.71), NMM ($2.16) - small lottery position, SUNE ($3.20), SXCP ($6.29), SXE ($0.59) - small lottery position, TERP ($8.92), and USAC ($10.25).
Risk Tolerance: Very high (I never gamble with my money though).