Your portfolio should have only 10 stocks at any given point in time. Go on buying as and when we recommend stocks till your 10 counters are ready. Out of the 10 counters say 2 counters trigger stop loss, just exit them the next day. Replace these two counters with 2 fresh recommended stocks from us. Now soon the counters will start rallying and once they start rallying, you must exit all of them the day you see enough profits which will help you achieve your financial goal (if any). If you do not have a financial goal then we strictly recommend you to follow exit strategy (https://abundancestockadvisors.com/exit-strategy/) on all the counters to exit them. Keep holding these counters as long as the exit strategy doesn’t tell you to exit. This trading framework has the following advantages.
- You take maximum profits from any stock when it’s rallying, rather than selling on just 20-30% gain.
- By holding onto winning positions, you avoid frequent BUY-SELL and over-trading. If you frequently buy-sell you have high chances of losing money. This reduces your overall risk of losses.
- Doesn’t allow short term corrections and volatility in the market to affect your portfolio.
- Clear Buy and Sell points. Eliminates your emotions completely. Trading becomes systematic.
- Proven systematic strategy that gives you a good chance to make money in the stock markets.
This framework is a very powerful one to make money in the stock markets. You just need to follow it blindly without using your brains.