Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Minders: There is classic advice always with us that we should not put all our eggs in one bucket. That a wide spread of different companies is safest.
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Comments
wildrides
Great advice, as always from the grand master .
I am in the region of 20 – 25 share holdings most of the time. But it was a costly learning process .
My biggest ever losses were both FTSE companies . I put too much in them because I felt they were safe (er) . That was wrong , and I paid the price big time .
I think the big one is :- only risk 1% of your capital per trade ( from buy in to stop loss point ) and then you can survive to fight another day . However , I am weak and often move my stop down if I think recovery is on the cards . It rarely transpires to be so , but its hard to resist the temptation! However I get better at ressisting the temptation as the years role by .