I’ve been refining my process for longer-term holds, and the market just handed me 5 painful but valuable lessons.

In this episode:

1. Management Integrity: If they miss guidance, get out.

2. Buy the Leader: Don't nurse the loser (NVO) when the winner (LLY) is running.

3. Positioning: Be okay with half-size until the chart proves you right.

4. Crowded Trades: Beware of "Value" stocks that are actually just stuck longs.

5. Execution: Never add to a loser until fundamentals and technicals improve.

Listen in for the full breakdown.