RE: davidelliott7 Nov 2014 14:11
Yeah its very similar to yours actually. I have 2 strategies and I have an account for each. One is solid companies that normally pay a decent rising dividend where I look for pretty much the same things as you, all with trailing stops where I feel quite safe. Its well balanced throughout the sectors and normally hedged in someway with a ftse250 short. Its interesting you say ITV as im looking to add a media sector stock to this portfolio and im going to do some further research into ETO and ITV at the weekend. I also quite like tesco right now, OPAY looks fairly cheap and fits my strategy here. My second strategy has smaller companies that I believe will push on at some point. HAYT, IOM, BMN, SEE, IOM all in here. I quite like engineering and tech stocks so im happy to invest in a loss maker if I believe they have something going for them in the future (SEE and BMN). I try to follow indicies as much as possible aswell, recovered some losses with a ftse100 short a few weeks back and im now long in there. I watch a stock for a long time before investing and start with a small ammount first (no more than £1000) and when that goes right Im happy to add all with trailing stops. In december im a bit more relaxed and take a few more punts and through the summer I tighten up close most positions and look to short a bit more. Not a fan of retail stocks and tend to avoid them. Funny you mention construction sector I keep flirting with polypipe PLP and believe that could motor on this winter going to next year, they dont release much in way of RNS on here but on their website loads of exciting project and anything below 245 looks a steal to me. I think PLP, AMS, HAYT, IOM, OPAY could all be a star next year and SEE BMN looking a bit longer term. QPP is an obvious risk but I believe in time that could go up a lot when market sentiment changes, they certainly have some strong fundamentals. I also look for anything at an obvious support level im normally happy to take a punt if its a real obvious one without to much research with a very tight stoploss.
So to sum up I dont really have a clear strategy as a whole but every trade has a very detailed strategy with stoploss, target price and reasons for entering and exiting the trade clearly written down so I can review all my trades at the end of each quarter, im only in my early-mid 20s so trying to learn all the time but overall its going quite well so far.