Been too busy last couple of days to even think about it but I can't see how keeping any cash will matter, given: 3. Three (3) stocks to be held at any one time. No more, no less. 6. No more than 10% of your portfolio is to be held in cash at any one time x. Clean trades only Even if you have a cash balance you still have to sell a stock in order to use the cash. Guess I'll find out soon enough what you've got up your sleeve.
Umm, doesn't rule 6 apply - No more than 10% of your portfolio is to be held in cash at any one time. The way I read that is that I need to spend (at least) 90% of my starting kitty on my 3 stocks. Have I missed something?
Mmm.. Ok, think ive got it.. If you only have 10% in one stock, and no cash, and it drops significantly, you cant cleanly trade it.. Good tip.. Got my strategy, now just got to find the tickers to suit
Well OK here's a question - what happens when due to market movements your portfolio changes and ends up breaking one or more of the rules, but it cannot be fixed up due to trading rules. Eg: Stock A is 40% of portfolio and stock B is 10% of portfolio. On a Monday, stock A doubles and stock B halves Now you've got one stock more than 50% and another stock less than 10% But with only one trade allowed on Tuesday, you cannot fix all these rule digressions immediately What are the rules about how long you can stay outside of the rules due to the rules ? sorry not trying to be a smart arse I think I'm going to have a harder time figuring out the rules than picking stocks
this should be ok, while your holding, rules say you cant SPEND more than 50%, or less than 10% This maybe an issue when flipping into next trade if its not your keeper..
More war-rooming...and this is the last change I am proposing: 5. No more than 50% of your portfolio can be spent on any one stock and no less than 10% of your portfolio can be spent on any one stock in the first two trading weeks. If a stock of yours gets on a good run, I want you to be able to stay on it. Thank you for your patience. I'd rather get it right now. As a reward for your patience...I have added a prize for second place. 1 oz of pre 1946 junk silver coins.
Why would the current rules stop you from staying in a stock on a good run if the rule applies to spending and not holding ?
It could, depending on the breakdown of your portfolio. Just go with it for now, Trew. These are simple rules and I am just trying to head off any potential complications I have forseen in my 20 hours of war-room scenarios.
^^That might work if we were all buying PM's My strategy putting my eggs in very shaky/shoddy baskets and hoping that somehow the baskets have a helium balloon and not LBMA good for delivery bar attached as they roll off the figurative cliff..
Initial stocks picked (in no particular order): Greenman MyNamesNotBen whereisado Slippage bull_bear wrcmad trew whinfell Caput Lupinum 1 to go...
