"SHARE TRADING" strategies ,thoughts , ideas- why I love to pay TAX

[JBmurc]

So far been going through a pretty good patch of trading this year certainly looks like it will be my best Return yet ...

I think my changing of strategy has certainly paid dividends... I really don’t know why I didn’t make the adjustments early ... what I personally think has really kicked my gains this year ...

Holding 9-12 companies across my focus sectors which at present is ASX Resources - commodities- energy etc

I’m dealing with a high risk high reward sectors historically and the lower end Nano micro caps Etc so I like the fact I’m spreading some of risk via more holdings

yes I’m having to spend many more hours in keeping up to date study etc .. but much less chance of falling in love with a company like I did back when I use to hold 4-5 and get angry when other shares I liked would move while mine would not !!

Sub AUD 100mill cap Focus with a few over that value but certainly not over 500m at this stage (I won’t complain if some of my holdings go higher but I don’t focus on buying billion caps etc )

Bring in more research via - twitter - I’m at present following 170 other investors that like me are constantly hunting for or holding the next great buy .. I really like looking at what other guys are seeing value ...

HotCopper short term thread ... another great places to see what others think are great short term trades and why ...

Simply the smarter you work the better your luck will be ... Finding time with the above has been positive

But also take time out ... for me I’m trying really hard to not pour too many hours into the market ...esp weekends ... at present I’m prob running around 30hrs per week when I’m not at sea out of cell range ..

Back when I drove my portfolio to record lows 2013-16 I was probably putting in twice that at times thinking the harder I worked it was magical going turn around some woeful investments/trades ... but all I was doing was digging a bigger hole taken more risks focusing on just few companies CFD futures day trading etc ...

Golf ... has certainly helped i gave up the game for few years as friends having families etc stopped playing ... but so glad I’m back to golf nut .. 100% believe it helps my sharetrading the results pa certainly show it has ...

Such a mental game
risk vs reward
club selection per shot ....
competition —.
Fresh air - fitness - Sun!!
-community —- communications

-and just a break from the screen

[kiora]

Definitely a mental game. All about not getting rattled and learn to stay away from the screen
For me the less time & the less trading the better, just need to pick the long term trends and go with them.
Adding to the winners, cull the loosers
Way way away from a "balanced" portfolio and now have plenty of any downside to give back if needed
2018 +27
2019 +27
2020 +22