Rypieee
Newbie Keen Beans
- Joined
- 22 September 2015
- Posts
- 138
- Reactions
- 47
As some of you may be aware, I recently got a job as a sell side equities analyst with a firm. I was previously basing my stock picks and research from their material and disclosing them to you guys via the stocks that I hold.
As I am now privy to information within the business and the trading policy that I have to adhere to as an employee of the business, it is difficult to maintain the current trading strategy as I will not be able to enter/exit as quickly as I could have previously on covered stocks.
Through my attempt over the past 6 months at trying to combine fundamental and technical within my trading plan, I have also noticed that my performance have be sub par at the most and that there is too much discretion in my decision making.
Since i begun work in my new role, I have been thinking about how I can still trade without fundamentals and I have always loved @peter2 & @tech/a 's work on the forum and their strategies that they employs.
Moving forward, I will be employing a new trading plan to suit my current situation and needs.
When I have gained more experience in fundamental analysis and when I begin my Masters of Applied Finance next year, I want to specialize in Bottom up analysis with a focus on the Mini to Small caps area and I may create a new thread for that purpose
Keep in mind that I won't be able to be as active as I was previously because my workload has increased and my free time is spent not looking at stocks [especially after 8 hours+ of financial statement analysis and modelling :'( ]
My current portfolio at the moment is shown below, there are a few stocks within the portfolio that are still based on the previous strategy. It will take a bit of time to wash those stocks out. I will also be out of Australia for 3 weeks from next week onward so even less activity on this thread will be expected.
As I am now privy to information within the business and the trading policy that I have to adhere to as an employee of the business, it is difficult to maintain the current trading strategy as I will not be able to enter/exit as quickly as I could have previously on covered stocks.
Through my attempt over the past 6 months at trying to combine fundamental and technical within my trading plan, I have also noticed that my performance have be sub par at the most and that there is too much discretion in my decision making.
Since i begun work in my new role, I have been thinking about how I can still trade without fundamentals and I have always loved @peter2 & @tech/a 's work on the forum and their strategies that they employs.
Moving forward, I will be employing a new trading plan to suit my current situation and needs.
- The trading plan will be reliant on technical analysis more so than ever (up to 90%) with a top-down overlay.
- I will be trading a 10 period breakout with high volume and the time frame of holding will be much shorter than my previous strategy.
- My preferred pool of stocks will be sitting in the Mini and Small Caps zone (as far away as possible from my firm's coverage).
- I will be starting a position with roughly 3-4% of my starting capital with the expectation to scale into a position should the price action strengthen.
When I have gained more experience in fundamental analysis and when I begin my Masters of Applied Finance next year, I want to specialize in Bottom up analysis with a focus on the Mini to Small caps area and I may create a new thread for that purpose
Keep in mind that I won't be able to be as active as I was previously because my workload has increased and my free time is spent not looking at stocks [especially after 8 hours+ of financial statement analysis and modelling :'( ]
My current portfolio at the moment is shown below, there are a few stocks within the portfolio that are still based on the previous strategy. It will take a bit of time to wash those stocks out. I will also be out of Australia for 3 weeks from next week onward so even less activity on this thread will be expected.
