Fred1new
- 09 Nov 2017 09:38
- 7 of 13
CC.
Very interesting and honest appraisal.
I know the moment I feel comfortable with my holdings there seems to be a kick in the teeth on the way.
Do you use any particular software packages for management of "portfolios"?
CC
- 09 Nov 2017 10:26
- 8 of 13
I use a spreadsheet Fred. I have all my open positions in it in a list and then I use a pivot table to consolidate them into a summary. The spreadsheet also works out how much "income" I will get from dividends.
If I want to look at a particular stock I use a filter.
It also does my capital gains calculation as part of my portfolio is in a trust to mitigate inheritance tax. Not one of those off-shore ones I hasten to add - just a standard on-shore discretionary trust where sadly the rate of tax is rather frustrating.
Big Al
- 09 Nov 2017 15:28
- 12 of 13
CC
We've all been there to a certain extent. I too did "OK" at day trading, but the effort, stress and time was consuming the rest of life. I then found I was better "trading" longer term, but still making a life of it full time was not within my grasp. Have done far better just getting into companies on a medium-longer term basis. Retirement beckons for me as well, but not looking for the income route yet. Got a bit more damage to do. :)
Did you ever read Mark Douglas, Trading in the Zone? I found it very enlightening back in the day.
Cheers,
Al
CC
- 10 Nov 2017 10:15
- 13 of 13
Never read any of them Al. For me day-trading was and is always about psychology and the level of conviction I have over a trade.
Maybe I should