I started using Stockpedia at the start of March and so far my portfolio is up 2.72%.
My best performing stock is Lighthouse which is up 33.84%.
My worst performing stock is NWF which is down 7.96%.
I'm wondering what strategy you use to cut losses?
Do you stick to a certain % drop before you sell? Do you use a stop loss?
Or do you just hold the position until your rebalancing date?
In terms of NWF, I'm not exactly sure what I should be looking for in terms of ratios. I noticed they just acquired a smaller competitor on the 1st March. I also noticed their Financial director sold 10,000 share but repurchased them again using his SIPP. I'm assuming these two points are positive news.
Im not sure this will help much but fwiw I'm now reviewing every stock that falls more than 10% and then checking I'm still comfortable with my case for buying it, I may then top up , reduce or sell out depending how I feel about the individual merits of the stock in question vs. stocks on top of my watch list.
As a result in the same sector I sold out of Carr's (LON:CARR) and bought Renishaw (LON:RSW) instead, I sold out of Wynnstay (LON:WYN) and looked closely at NWF (LON:NWF) but opted to top up Capital Drilling (LON:CAPD) instead, different risk profile, different sector but looked a better home for the money for now.
NWF is a great low risk hold IMHO at current levels and I'd be holding it if I had a shorter time horizon than the one I'm working to.
Best advice is don't fixate on the short term just make sure you don't miss the big picture for each stock you hold .
Good luck