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Tactics are near term actions taken to solve specific problems or accomplish specific goals.
Tactics differ from strategy; these are the tools we use on a day-to-day basis to execute our strategy and help achieve goals. Like tools in construction, different investment tactics are suitable for different purposes, in different market conditions and for different individuals.
At WALT ST our investment tactics are actual routines or practices that we follow to make buy or sell decisions.
In the end, we believe the best investing tactic of all: know yourself. Most investing mistakes come from taking positions you don't actually understand, or which make you extremely uncomfortable.
When you find a way to trust your own judgments, you have found the best tactic of all.
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