The most important rule in portfolio management is to diversify; do not stock up on one player alone. Doing so will greatly increase your risk of losing money if that player does not pan out or gets injured. For both baseball and basketball, you should choose around 4-5 guys and just stock up on them, and a few more couldn't hurt depending on the money you are looking to spend. Make sure that the players don't all play for the same team and don't all play the same position. For example, in baseball you don't want to pick all pitchers or all hitters, diversify. For basketball, don't invest in all guards or four guys on the same team.
All successful sports card investors and stock brokers follow this rule. I would say pick at least 4 guys and stock up on them until it is time to sell off, but have at least 4 at all times.
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