How to manage stock portfolio and watchlist to maximize profit [Video]
|Did you catch any big move to the upside?
Malaysia market: TASHIN went up 60% (from 0.52 to 0.83) since I covered in the video on 11 Apr and I just took profit on Friday. MMCCORP up little bit but I didn’t bother to wait for this stock hence end up as minor loss. JAG & QES (covered in the video on 25 Apr) up about 5% and they are still looking great, likely have more upside to come. SAMCHEM up about 16% since I covered in my video on 18 Apr.
US market: MCD, SBUX, YUM up about 4–10% since I covered in my video on 28 Mar. These are little gain since it is their nature but the Reward to risk are great. If you trade option, the reward would be handsome! COF & LPLA up about 6–11% since I covered in the video on 11 Apr, not too shabby. CG, COTY, IPG, MET up range from 2–8% since 18 Apr.
Most of the US stocks I covered is not extremely high beta (apart from the Bitcoin related stocks like MARA) as the low volatility stocks are favored by the market since the sector rotation.
What about those losing trades or those not performed?
I’m glad you asked. There are some stocks not performed, break even or even went down. If I bought them, likely there are a few ways to handle:
Not performed or break even: As long as the trades are still valid, I will hold them unless I find other better opportunities. So, most of the times, I will exit and switch to other opportunities.
For those that went down, they will trigger my stop and exit. Also I will exit earlier if I spot early warning and failure of the price structure.
Manage your Stock Portfolio
Look after your risk & downside and your upside will look after itself. Cut your losses short and let the winners run.
That’s how to achieve favorable reward to risk ratio, e.g. whenever you win, you win more than your losses. In the long run, you will be profitable and this is the edge as a trader.
In short, review your stock portfolio daily and manage them (adjust stop or exit) if necessary. Watch out for unusual volume and see if the price structure is still intact, etc…
Ultimately this is how you can maximize your profit in your stock portfolio.
Manage Stock Watchlist
Review your watchlist daily and look for potential trading opportunities. If you are like me, you will find that the watchlist is getting bigger. So you will also need to tidy up the watchlist and trim down those no longer have valid structure (e.g. if you are looking for long, remove those that are in obvious downtrend).
Ideally, the stocks within the watchlist should be either:
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Can be executed at the market price or
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Require some more time to let the structure unfold and trigger your setup, e.g. a reversal signal or a breakout signal.
Watch the video below to find out how to analyze and qualify potential stocks with price and volume analysis and monitor them in your watchlist:
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