Hitesh portfolio

@preetkaran

I prefer techno funda approach in my investing style, where many a times fundamentals assume higher significance, and other times technicals assume higher importance. But the main theme is that both technicals and fundamentals have to be in unison and be pointing in same direction. Usually it takes me in the direction of strong charts in companies with good tailwinds.

In my core portfolio bets, where the time frame is longer, usually from 6 months to 2-3 years, above is the theme. In rest of my picks, where technical picture is usually very good and fundamental triggers are not as yet visible, I try to be conservative in allocating lower percentages and if trade goes in my favour and fundamental triggers unfold, I increase my allocation gradually.

I like MM style, but do not copy him totally as I cannot do the kind of churns he does. He usually applies 1-2% capital on a trade and keeps appropriate stop losses.

I usually have my own methods of applying technical analysis which is a combination of a lot of things, one of them being MM style.

I do not have an absolute percentage stop loss in mind when I enter a trade. Usually its a level of a recent swing low, or a specific moving average, or if I am trailing it on winning trades, previous consolidation levels, so on and so forth.

When I find that a trade is going in opposite direction, I often get out very early because I am usually very averse to carry losing trades. I give my core bets more leeway, but in bets where technicals have precedence, I have very aggressive stop losses.

I look at different time frames using my technical analysis and sometimes these time frames vary from daily time frames to, weekly, monthly and even quarterly time frames. So the holding period varies accordingly and since in longer term time frames the movements are also much more, I often keep deeper stop losses. In shorter term patterns where time frame for trade is shorter, stop losses are much tighter.

I usually put put up charts where I find interesting patterns on the 52 week high threads, with all my readings and observations and wherever I have taken positions, I usually put a disclaimer.