In this interview, I talked to Ian Cassel again.

A stock I own recently went up from my average cost of about 13 (or so) cents to over $1. So, what do I do with that? Do I sell? Do I buy more?

"I should ask Ian", is one of the first thoughts I had when those questions came into my mind.

So, in this interview, Ian Cassel and I discussed various aspects of stock investing, including the importance of risk management, patience, and a long-term perspective.

How to deal with FOMO, ROMO, and all the other OMOs? That was one of my favorite parts of this conversation.

Ian also helped me identified key skills for successful stock picking and the significance of understanding a company's management team.

Lastly, Ian shared his investment strategies, the need for learning from diverse perspectives, and to not blindly following headlines from podcasts or people.

Visit MicroCapClub’s website: https://microcapclub.com/

Ian has been investing in microcaps for decades and has been a full-time microcap investor since 2008. Ian looks to invest in great management teams running great businesses with a moat. He tries to invest in the best 5-6-7 companies he can find at all times. Ian founded MicroCapClub in 2011 to be a place for "real" and experienced investors in the microcap space to share ideas and learn from one another. When Ian isn't researching stocks or administering MicroCapClub, you can find him reading, golfing, or shopping at Costco with his wife.

Timestamps:
00:00 recap
01:07 intro
01:51 what do I do when my stock goes up?
06:53 how far does the stock need to go up before I should sell?
10:16 how much do I sell when my stock goes up?
15:13 what’s do I do with my money when I sell my stock?
17:36 the bottom or the ceiling?
23:02 how to become a great investor by developing active patience?
30:12 how do I manage position sizing in an investment?
32:55 how do I manage my emotions when a stock goes up or down?
36:19 how much of my position do I sell when I have a winner?
45:31 what to look for when buying or selling a stock?
47:53 how to manage risk?
50:57 how to deal with regret when selling a stock too early?
55:16 how to deal with FOMO when selecting your stock investments?
01:01:18 how did Ian handle his first win?
01:07:08 is Ian's investment approach top-down or bottom-up?
01:08:10 do you follow people in their investment strategies?
01:10:02 how to add a new position to your portfolio?
01:18:03 Contact details