Be honest

[mime]

Ok.

Be honest guys. Who's been burnt by the recent "correction"?

Around maybe 20% has been wiped off my portfolio. I'm still in the green but it'll take a while to rise back up to it's peaks (if it ever does)

What about you guys?

 

[brisvegas]

absolutely no burn whatsoever


............ pete

 

[Smurf1976]

Most of my money isn't in shares to start with and I had already sold most of the shares that I held before the slump.

Bit of a burn with some gold stocks that I kept but not too bad overall.

 

[mit]

4.5% down from my equity peak. I purposely looked for a system with low drawdown rather than just maximizing profit. I have been stopped out of about half of my portfolio.

mime, What kind of system are you running?

MIT

 

[The Once-ler]

Of my share portfolio, I would be down about 11%.

I don't use stops, I don't trade, I invest for the long term. I mostly sell stocks once they've been held for 12 months or more. I've been heavily into resources and energy for about 18 months, and would be up about 100% [that was at the top, so now up 90%] from when I started seriously investing in shares about 4 years ago.

This is just a healthy correction.

Cheers.

 

[tech/a]

Drawdown 14%.

 

[Profitseeker]

Down 7%

 

[Scratch]

Sold on 18/10 and stayed out except DOM (down .02 - bought at .47)

Scratch
____________________

Disclainmer:

Who me??!! Don't you have to know something first??!!

 

[Kauri]

Being a short term pattern/support-resistance trader the correction has not affected me too much so far... a few less trades, usual mix of losers to winners.. tight stops ensuring an overall acceptable result. Am less likely to hold a winning trade overnight in the current climate though.
I find there are as many if not more opportunities, both long and short, as usual, the only thing that has changed is the traders/investors mindset.

 

[Julia]

About 4%

Julia

 

[wayneL]

absolutely no burn whatsoever


............ pete

Yes, it could be reasonably expected that anyone who takes swings and includes short selling, could indeed be well up during this "correction".

As a swing trader, you miss the tenbaggers, but the you're still scooping profit in times such as this.

Cheers

 

[brerwallabi]

I took a fair bit of money out last October and still the market went up and up hence I traded very conservatively with capital used, this year I was not as conservative as I had previously been, so this month GGN,DRA,SMY anf FCL cost me because of tight stops. It certainly hurts when you cop a few losses in such a short time. Usually I trade stocks that I have got to know reasonably well the secret for me is and was when to reenter, it isno different now. I will continue with my group of almost 40 favourites (I do not hold all 40 at the same time but usually hold between 6 - 8 at any one time apart from a couple of weeks ago when 8 went to 3 in two days. At one stage I was down 12.7 % on capital used although for this tax year I am still very healthy overall, actually at this stage line ball with last year - interesting for me anyway.

 

[RodC]

Down about 10%

Rod.

 

[GreatPig]

Down about 6% in the investment portfolio, 10% in the trading portfolio.

I'm not sure of the exact definition of "draw-down" though. Can someone state exactly what it means, and thus what figures are used in calculating it?

Cheers,
GP

 

[JetDollars]

Back in Late Mar and April'05 I got burnt badly, but this month correction I bought a lot of put to protect it.

On Friday 21/10/05 I sold out all my puts and expecting this coming week for most of the stock to recover, but the Dow Jones is down on friday, so look like I am going to get burnt next week.

I still had plenty of Nov'05 call options. Only time will tell.

This Financial Year I am already down 4.22% of my total capital.

 

[tech/a]

Down about 6% in the investment portfolio, 10% in the trading portfolio.

I'm not sure of the exact definition of "draw-down" though. Can someone state exactly what it means, and thus what figures are used in calculating it?

Cheers,
GP

If no-one else answers by Monday night I'll answer your question for you.

 

[JetDollars]

If no-one else answers by Monday night I'll answer your question for you.

My understanding of drawdown:
The current stocks you are holding is losing money, but you haven't sold it yet.

Eg. Buy BHP at $20.50 a few weeks ago, now BHP $20.03. So a drawdown of $0.47.

 

[markrmau]

but the Dow Jones is down on friday, so look like I am going to get burnt next week.

Actually, I wouldn't read too much into the dow. It took a hit partly because a single component (Caterpillar) was down 9.4%. The overall market was actually up by half a bees dick.

OTOH, the afternoon trend was decidedly down.

 

[JetDollars]

Actually, I wouldn't read too much into the dow. It took a hit partly because a single component (Caterpillar) was down 9.4%. The overall market was actually up by half a bees dick.

OTOH, the afternoon trend was decidedly down.

Mark,
If that's the case then it would be a positive news for me. Let see tomorrow.

 

[mit]

Down about 6% in the investment portfolio, 10% in the trading portfolio.

I'm not sure of the exact definition of "draw-down" though. Can someone state exactly what it means, and thus what figures are used in calculating it?

Cheers,
GP

My percentage drawdown is based from my equity peak which was at the end of September.

MIT