SG and all,
From the tips on accumulating stocks in this thread about rather than buying the whole count of shares in single shot, I came up with following management for Portfolio. Kindly provide me inputs if it can modified for improvement. If you feel this should be in a different thread I will put it there
This is for delivery cash trading purpose
1. Accumulate the shares in 3/4 splits - preferably 25% of the total size each time it goes up
2. Keep the SL wrt to the latest buy
3. If the profit does not reach 35%-40% but gets a sell signal/or reason for not holding the trade anymore; Sell off full;
4. As soon as it reaches 35 - 40 % of the average prize, start selling off
4a. But sell off only to the point of your total initial investment, and keep the rest as an investment and keep track of it only monthly;being ready to sell the profit investment when one sees there is not point in remaining in the same
4b. In what range one should sell off after making 35-40%; 40%+30%+30% of the initial investment is what I have thought of
5. Always make sure that I do not neglect the SL till it reaches to point 4 stage
Can the same be used in futures (at some point i will start trading in futures; but not right away) ?
I would not mind any kind of inputs - brickbats and bouquets