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STT Weekend thread 28-29th, page-148

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Tempy

263 Posts.

29/01/17

11:44

Post #: 22194791
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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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Currently free carrying CR8, my mindset is one that I can see this stock exploding in the coming year. I have held this stock since before relisting therefore my 50 % reduction in CGT comes into affect mid year. If CR8 does indeed make the moves everyone hopes it does then I can take my profit at a better return.

Last edited by Tempy: 29/01/17
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