Would really appreciate some input.
I've been trying to perfect my investing/trading techinque and would like to follow it up with some reading, so that I can improve it.
However, I'm not really sure what techinue I have. Its proved successful so far, but not sure whether I've jsut been lucky, or am missing out on further gains. Allow me to explain:
A) I invest in sub $50mill MC resource exploration companies. Once I like the story, I plan on holding until production ideally. So that's easy, I'm an investor, paying 15% CGT after 1 year
B) However, I also hold another 20% in my wife's account, and buy in and out of the same stocks which I hold in my account. I sell at 10% profit and then rebuy after a 10% fall in SP.
The intention is that if part B goes pear shaped and I buy at 15c..but SP falls to 12c, I can afford to hold until 16.5c, as its a company that I like the fundamentals of in the first place.
Of course, if fundamentals change, I'd probably have to revist my whole game plan.
What do you think? Am I crazy?