Review your portfolio regularly
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Review your portfolio regularly
We also realize that you may not have the time to evaluate your portfolio on a day-by-day or trade-by-trade basis. However, we still highly recommend that you look at your portfolio situation on a regular basis (monthly or quarterly) to assess how your money management approach is working. You may find that your portfolio has increased in size and in order to maintain the same percentage allocation to each trade, you must up your dollar commitment for the time being. Or, you may find that it is necessary to scale back on your dollar commitment if the portfolio has experienced a setback, so that you are able to stay in the game and participate in the next big winner or winning streak. Furthermore, after a series of evaluations, you may decide that the current allocation (say 15 percent) to each trade is too aggressive. You might then need to back it down because the portfolio fluctuation (volatility) is too much for you to stomach.
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| Patricia Walters-Fischer |
