10% Profit and learning!

[youngone]

Hi guys.

As you may know by now, Im a newbie in the trading game. I felt like i have learn so much for the past 4 months. My strategy was to diversify my portfolio.

I have 7 companies($1000 each) to my portfolio and is getting about 10% profit on a good day. Is that a good number?

My strategy is to hold them as long as i can and see how they go.

AUT BKP DML QRN RRS ISF FML

 

[KurwaJegoMac]

Hi guys.

As you may know by now, Im a newbie in the trading game. I felt like i have learn so much for the past 4 months. My strategy was to diversify my portfolio.

I have 7 companies($1000 each) to my portfolio and is getting about 10% profit on a good day. Is that a good number?

My strategy is to hold them as long as i can and see how they go.

AUT BKP DML QRN RRS ISF FML

Hello youngone,

Glad to hear you're making profits in your first 4 months of trading. Nothing wrong with achieving 10% - there is however no exact figure that is the benchmark for 'good' return or 'bad' return.

What I mean is there are lots of reasons why you could classify your returns as good:

Example 1: If your return is better than the performance of the ASX200
Example 2: If your return is better than a high interest savings account
Example 3: If your return is better than a managed fund
Example 4: If your return is better than investing in another asset class

etc.

So lots of possible benchmarks for a 'good' return. Either way, I doubt anybody would complain with getting 10% every few days

 

[tech/a]

10% a day

EXCEPTIONAL!!!!
Youd win every tipping comp in the world with that as a sustained figure.
Tell me if you do twice that in a year!! IE 20% PA.

Im happy with That a quarter!
Fund managers often dont get that a year!

 

[mattryanshares]

I new too but 10% every few days seems awesome!!!

I think ultimately it means nothing unless your closing the stock and take the profit??

Also what's your 7k worth now? 10%a week for 4 months it must be over 30k by now???

 

[Gringotts Bank]

No one who is doing well needs input from us ASF posters, and I mean that sincerely. Keep doing what you're doing. Don't assume that you need to keep adding to your knowledge base when everything is working. Some people are extremely successful over long time frames even with minimal knowledge of the markets. Take your profits when you know the time is right.

I assume you mean when a stock goes up, you're making 10% on that stock on a good day, which is about average in this market if you're holding decent stocks. You'll find your portfolio doesn't make 10% on a good day, but that's no problem. Keep on with your success.

 

[skyQuake]

No one who is doing well needs input from us ASF posters, and I mean that sincerely. Keep doing what you're doing. Don't assume that you need to keep adding to your knowledge base when everything is working.

disagree, especially the adding to knowledge base part.

Some people are extremely successful over long time frames even with minimal knowledge of the markets.

Like?

Take your profits when you know the time is right.

I assume you mean when a stock goes up, you're making 10% on that stock on a good day, which is about average in this market if you're holding decent stocks. You'll find your portfolio doesn't make 10% on a good day, but that's no problem. Keep on with your success.

 

[adobee]

Do you mean is 10% a good number ? or having seven stocks ?

Personally I would hold 8 stocks cause 8 is a lucky money number I believe...
I dont think you would want many more as brokerage would start to cost you to much for the money invested..

Re: 10% if you are holding long term and not trading I dont think it matters what they do on a good day.. cause they probably do the same on a bad day.. BKP has done really well if you were lucky and picked it right but this could as easily go down 80% in a day..

If you are buying these as long term investments I dont think the fluctuations matter providing you are happy with the actual businesses..

If you are trading them its a different story..

 

[youngone]

Do you mean is 10% a good number ? or having seven stocks ?

Personally I would hold 8 stocks cause 8 is a lucky money number I believe...
I dont think you would want many more as brokerage would start to cost you to much for the money invested..

Re: 10% if you are holding long term and not trading I dont think it matters what they do on a good day.. cause they probably do the same on a bad day.. BKP has done really well if you were lucky and picked it right but this could as easily go down 80% in a day..

If you are buying these as long term investments I dont think the fluctuations matter providing you are happy with the actual businesses..

If you are trading them its a different story..

Thanks guys.

I think im happy with my current portfolio. Although, ISF is my worst pick of the lots. I have done my research, and I believe in the companies.

By 10% profit, I mean, my current value of my portfolio is about $7700. Sorry to confuse people. Turning the 7k into 32k, would be a dream come true

 

[So_Cynical]

Thanks guys.

I think im happy with my current portfolio. Although, ISF is my worst pick of the lots. I have done my research, and I believe in the companies.

By 10% profit, I mean, my current value of my portfolio is about $7700. Sorry to confuse people. Turning the 7k into 32k, would be a dream come true

So the prob is because the amounts are so small there is no real room for profit taking...no room for anything of substance.

Good luck