I got caught on being top heavy on a particular stock which then had a spectacular fall.
I have no more than 20 stocks. When buying I never go above 7.5% of total portfolio but always buy a new company in increments. It might take me 4-7 bites to get to my pre determined allocation.
If a stock rises I start to get twitchy when it is 15% of total portfolio and if it hits 20% i start to offload.
This is my system to ensure I never get hit by being top heavy.
I trust you have a system for allocation of capital as a way of managing your risk.
Cheers..........D
Ann: Change of Director's Interest Notice x 3, page-11
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Last
$5.13 |
Change
0.120(2.40%) |
Mkt cap ! $1.741B | |||
| Open | High | Low | Value | Volume |
| $5.01 | $5.14 | $5.01 | $5.567M | 1.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 422 | $5.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.14 | 11407 | 3 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BAP (ASX) Chart |