Low Trade productivity

Low productivity is one of the main theme so far. Need to apply Pareto Principle. 80/20 rule. As you are starting with a low base you need to concentrate maximum effort on the 1 or 2 things, dont diversify but concentrate your effort on the 20% that will give you the 80% of your returns. Be int in stock watch/selection or actual trades. Your portfolio should not be more than 3 stocks. Keep portfolio risk in check not just individual trade. Leverage with time as well. Sometimes it is more efficient to wait for the stock to run than cut the profit short once its off the gate. The first one off the gate may not be the overall winner. Have the guts to watch the race all the way to the end. So select stocks in the high teens, 20's, 30's and even 40's and apply the 2:10 risk/reward. The higher the stock price, the higher the voaltility and thus the risk of trade being stopped out. The certainity factor and confidence of the trade is required for all trades but especially so for the higher stock prices becasue of the sensitivity of the volatility. Select maybe one of the banks and miners as the staple core of trade diet. Maybe WBC and BHP. Others may include NAB, STO.....