we have just covered how to track the stocks you have purchased, however an important question is how many stocks should you have in your portfolio?

I am assuming here that you are not an Institutional Investor Managing Billions, or a multi millionaire (Yet!)

There is no simple answer to this question because I believe it comes down to:

• Portfolio Size
• Effort you can dedicate to managing the portfolio
• Whether you are a longer term / medium or short term investor.

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Dear Liberated Stock Trader

Before you start to trade it is important that you organize yourself to be able to track your trades. As previously discussed in the Stock Traders Checklist, selection of a portfolio management tool is an important step.

You have essentially 3 options to choose from.

1. Free Portfolio Management Tools (for example www.google.com/finance)
2. Online Brokers Portfolio Management Tools (provided free with your brokerage account)
3. Tracking Manually with a Spreadsheet.

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