Markets overall as you say have not gone anywhere. And many stocks also seem to be stuck in ranges and not making big moves.
But then there is always a bull market somewhere and it is our endeavour as investors/traders to try and pick up where this bull market is shaping up and try and pick it up as early as possible. And then find good companies to ride it. Easier said than done, but if one tries hard, out of say 5-7 sectors which are going to go up in future, one can pick up maybe 2 or 3 and try to ride these.
Personally I have a core group of high conviction bets that I have bought with a 2-3 year view with an eye on monitoring how the story is panning out. The exact path may not be as I may have expected, but the trajectory should be what I expected. The angle of trajectory may vary from time to time, but overall it should be a growth story. With these companies I hold the major chunk as it is, but in a small portion of holding, I often indulge in short to medium term trading based on charts.
In rest of the part of portfolio, I try to play sectoral themes/techno funda picks etc. But these have a definite buy/sell price, stop loss and time frame pre decided at the time of entry.
In current markets, there is often a lot of consolidation before a major upmove happens and that is something that has to be accepted as par for the course and our style adjusted accordingly.
Any change in view on any pick will happen when there is sudden break down in the structure, or a very fast breakout. In either of these situations, I have to decide quickly and act accordingly.
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