RE: % of dry powder in your p/f1 Dec 2016 14:25
Hi Lejjb,
I did at the beginning and it was hard cash, 10% of my pot. However, recently I've just topped up my overall pot value. I've now decided not to top up anymore because it's slightly higher than the limit I put on it. As soon as I get some money out of SEPU I'm bringing the pot down slightly, going back to 10% dry powder and investing the rest.
The dry powder concept is hard to follow, there will be some weeks/months when it's all used and others where you take your profit have the dry powder but don't use it because you can't find the right one. Dry Powder for me is when there's a quick buck to be made on day trading. I've probably broke even on day trading so will only use it when very confident.
That's my view anyway.