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Thanks for replying. I have been holding free carried parcels...

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willyhill

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29/01/17

11:19

Post #: 22194599
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Originally posted by Orwell ↑

Thanks Nick. Just a comment on your further query. "Free carry" is a risk management strategy, especially for high risk speculative stocks, not an investment strategy. I think you're suggesting that you're in some stocks because once free carried you then just leave them on under a long term buy and hold mindset?

I think you need to clean up your portfolio.

I will have a concentrated portfolio with larger positions, as Anton noted above, but will have a deliberate objective for each trade. So maybe hold a mining stock through its exploration phase or an industrial stock through a high growth period. But its purposeful. I'll trim a bit of profit when I can to manage risk along the way but sell out once I've captured the bulk of the gains on offer and recycle the capital. I dont have stocks just sitting in my portfolio hoping that 1 in 3 of them might go for a lucky run or something.

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Thanks for replying.

I have been holding free carried parcels long term for no real reason and have been waiting for a lucky run etc. I see now for me it is quite a poor decision in the LT and time to free up some capital.

Thanks for opening my eyes up Orwell. This resource is the best particularly when I dont have anyone to discuss these issues with face to face.
Nick
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