Alright, this is my 5-grander portfolio for 2017/18 guys!
My strategy will be very simple at this stage – target 20-25% cut per trade, regardless of the catalysts that can drive SP for bigger gains. Expect to hold any stock for no more than 3 months - setting the exit target when buy order is filled would be best way to exit a trade, I guess.
I have not worked out exactly when I cut my losses, difficult to set 10% or something with the small caps I think – as a drop of pip or two can easily make 20% loss for most of the stocks I would be buying.
I am waiting to release some cash from the main portfolio, and will add a couple more stocks as I go.
ASN – I expect SP to rise to 2.5 to 3.0c in the next month or so following some action from the management.
CGM – with the news flow, I expect to grab two or three pips’ gain. Have been watching this stock for a while, and think not too far from some good news to hit my targets.
