James GooldQuestions(11)Answers(1)Posts(0)CommentsThanks guys. Very helpful as always. I've got a QLD position now and might as well get started!JimOn Answer for QLDThank you very much, guys. A very detailed and helpful answer as usual.Yes the 5 stocks does clash with the max of 10% in any stock but this 5 does not include runners (ie stocks that have gone well, I’ve already taken profit and now only hold 30-50% of my original position). Nevertheless I agree 5 is too small even allowing for holding runners so 6 or7 is probably the maximum number of stocks I should hold, excluding the runners. I've noticed this morning in the UK market that my determination to stick to my higher position sizing has meant I've passed on a couple of setups that were not optimal but I might have taken if I was risking less. CheersJimOn Answer for Positon sizingThanks for the video, Pat - very helpful as always.On Answer for Not missing the turnHi Pat, I've been calculating my position size by looking at what I risk based on the appropriate stop loss for that share. For example if I'm willing to risk 0.5% of my capital (say $100,000) on a share where I need a 7% SL I'll pyramid in to a total position of $7,000 but if there's a sensible SL spot at 3% then I could build a $15,000 position. Does this make sense?ThanksJimOn Answer for Buy small (position sizing)Hi Pat, thank you so much for the video and such a prompt response. Very helpful as always and it's great to get affirmation that I might be on the right track but still with much to work on.JimOn Results – good, bad or indifferent?Crop
