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The stock may still be a company worth investing in, it may just be going through a rough patch, such as not making as much profit as expected (profit warning). You may want to hold the stock because it is still paying the dividend and is still making a profit or sell out before you lose any growth you may have gained.

If you have made lots of growth and you are sure the stock will recover it is probably best not to sell because you will have to pay tax on any gains you have made.

Another strategy would be to sell the stock when it first starts to go down, then wait to see how far down it goes before it starts to rise again. If you are sure it will keep going up buy the stock again and reap the profits.

This method requires understanding market timing and knowing how to read a chart although not mandatory would not hurt. There are also the tax implications to consider.

If the stock is in a really bad way and you have no confidence in it sell out before you lose too much and pick a healthier stock to ignore while you work on your golf handicap.

Once you have chosen the stocks you are going to invest in being a value investor is really easy. The least you have to do is make sure you give your portfolio an annual check up near the end of each financial year, weed out the stocks that aren't doing too well, then continue to ignore the rest.

Makes the stock market seem boring doesn't it? And day trading sounds like a roller coaster ride. You are interested in the dynamics of the stock market and would like to join in some of the excitement without the wind going through your hair, but would still like to make some money. Maybe you want to keep your day job and just have a hobby in your spare time?

There is middle ground just take the best of both worlds from day trading and value investing.

Learn how to read charts. You don't need to buy specialized charting software because it will not be necessary to keep up to date with real time prices because you are not looking to sell your stock before the market closes for the day. There are plenty of avenues on the internet to get access to company charts and research.

Additionally take an interest in the fundamentals of companies you are interested in. Fundamentals are the background of a company, its past earnings, profits, dividend history and its planned and estimated future prospects.

Aim to hold on either for the long or mid term to get growth and income from your stocks. Instead of just relying on blue chips you may want to

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