Not so excited about the way some of the stocks in my portfolio have been performing as of lately…I went on a selling rampage (lol…just kidding…ok, I’m serious). To be successful in the stock market you have to learn when to stop your losses. This simply means that you have to learn when to stop hoping that a stock will go up (increase in share value), even if you have evidence to back that thought process.  If you’re wrong…so what? You learn from it. If you’re right, you save yourself from losing a lot of money (or all of your money). I’m not saying all of this to justify my action in selling some my favorite stocks, but to help you understand my thought process.

Ok, so what stocks did I erase (sell) from my portfolio this week? Well, I started with selling 23K shares of Left Behind Games, Inc. (LFBG) for a loss of about $1,300, because I bought this company at a higher share price ($0.08) than it currently is trading right now ($0.0285). I still have faith that come holiday season this company will experience a share price increase…but not enough to help me make big gains at the share price that I bought, so I am moving on to bigger and better things right now.

After picking myself up from that lost, I had another mountain to climb…a bigger one (oh no). I decided to sell another stock for a major loss. I sold 2 million shares of Megellan Energy Ltd. (MGLG) for a loss of $4,000…WOW! This one really hit me hard, but I wanted to sell. Most people would suggest that I hold for the long-term and gain that back, although not a bad idea…that wasn’t my plan. This major loss was due to me not doing any research on this company, I saw that it had a lot of following at Investorshub.com, cheap shares, an energy company, so I decided to buy without further research. Big mistake…but I’ve learned from it. Sometimes your biggest teachers in the stock market are the stocks that you lose the most money from, because you never forget that lesson. Lesson learned.

Getting in the hang of selling my shares I decided to sell all my holding in SpongeTech (SPNG). Ok, that is not the real reason I sold my shares (as I cry inside…lol). I sold my shares of Spongetech to free up some cash to purchase some new companies for stock gains. It’s been a long road with Spongetech, but every good thing usually comes to an end. Spongetech will surely move on to $1 but I am starting to think it will take a lot longer than I supposed. I will be keeping my eyes on Spongetech but for now I am moving on (as I whip my tears).

All of this selling leaves you wondering what I bought afterward, right? Well…I added a few stocks to my portfolio some of which includes;

- I bought 7 more million shares of NXHD for a total of 20.5 million shares held: I know I am crazy, but crazy people make money! I bought more shares of Nexia Holding for two main reasons. First, the company is making some positive moves recently. Second, the share price is now half of what I bought before,  so I bought more to average down so that when it gets back to where I bought it….I will be profitable

- I bought 135K shares of CirTran (CIRC) because of the company’s substantial increase in net income. I think this company has a good chance of breaking it’s 52-week (.018) high on just the potentials of their Play Boy Energy drink sales activities.

- I also bought 100K shares of MultiCell Technologies, Inc. (MCET) after they announced that they received a U.S. Patent for immortalized human liver cell lines. I ended up selling half my shares (50K) after gaining $2,000 when this stock shot up 300%. Wow! That was so exciting. This stock is surely a good long-term hold for me so I will be holding my 50K shares for some time.

What a week I tell yah! This has got to be my most active week in the stock market. So now, the next question becomes…What is the fate of that $2,000 that you made, Chiko? Well…don’t worry I have a plan. Not sure what the plan is but I should have one by Monday night, so stay tuned cause I will announce my plan here.

Don’t forget to subscribe ((Email or RSS)) to find out what my GRAND PLAN is, come Monday night!

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