I have got some queries about how I manage the weekly stocks that I keep posting on twitter. But first standard disclosure I am not a SEBI registered adviser and all trades posted are only for educational purpose and is in no way buying or selling recommendation.
I run 3 portfolios 1. #momentum trading portfolio (based on charts) this is based mostly on weekly charts I post on Twitter. 2. Stocks based on #fundamentals mostly growth stocks I do buy few value stocks but not many. 3. Some discretionary trades in Index options and in cash mkt
Main reason to start the thread is to explain how I run the momentum trading portfolio based on charts. This is run on a system and entry and exit is based on the set parameters. Only discretion I use is on whether I should take the trade or no.
So I buy max 25 stocks with each having 4% weight. Stock selection has no view on fundamentals and has no particular bias to any market cap. Entry and Exit can be on any day during trading hours. I follow a strict 10% stop loss to start and then trail the stop loss.
Currently I am holding 24 stocks in the portfolio. Average gain here is 10.4% & average loss is -1.79% I have attached a screenshot of current open portfolio with 10Lakh investment. Total gain on the portfolio is 143055/- with mtm gains of 87835/- & booked profits of 55220/-