It is a tough balance I agree.
However I've noticed over the years that the more stock I hold
in a portfolio and the longer I hold them the smoother the equity
curve and the less Profit I make.
Shorter term
More profit and I've now flattened the curve and increased profit by
(1) Ratchetting stops. Regardless of direction the trade takes off in
(2) Adding to positions when a pattern or level is taken out.
(3) Ratchetting a trailing stop when multiple positions are on a single trade
(4) Trade a max of 5 Stocks.
(5) Ruthless trailing stops after 3 pyramids in a stock (BUB trade and example).
(6) If a trade is 1R in profit never take a loss stop at B/E
(7) All pyramid trades have the same trailing stop loss.
A good example of making a profit with a low win rate. This is what most newbies don't understand. You can be very profitable with a 25% win rate. However you have to cut losses early and let winners run. Most find this difficult to do. If after a year your table looks like the one above you are doing ok.A cloud hangs over Shine Corporate Ltd (SHJ) with the class action being lodged against it. It was a good recovery story but I'll keep my capital out of it while the lawyers battle it out with the lawyers. Although SHJ has said they will vigorously defend it, if they lose there may be a big payout to be made which could hit the share price hard.
So while all this is going on I'll be happy to watch it from the sidelines... Just sold it for 61c.
Closed Positions:
View attachment 72785
Yes agree, good observation mate.A good example of making a profit with a low win rate. This is what most newbies don't understand. You can be very profitable with a 25% win rate. However you have to cut losses early and let winners run. Most find this difficult to do. If after a year your table looks like the one above you are doing ok.
Surely Not...Surely brokerage is killing you?
You could be right on this one Boggo. It's been a while and in that time PTM has done well while CDA is stuck in a sideways channel...I may be wrong but I reckon that expectation may have already been priced into the uptrend that has been.
I did hold CDA for quite a while but saw a bit of selling over the last few months so I moved CDA funds to PTM, time will tell if that was a good idea or not
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