Australian (ASX) Stock Market Forum

How was your trading year?

Jump to new
vishalt

vishalt

Joined
3 March 2007
Posts
574
Reactions
1
Hats off to the Australian bourse! Another year, and another stellar performance for the All Ords. Started the year at a record 5500 almost and climbed to around 6800 but settled a bit lower, but nonetheless it was a wild year with resources surging again and this whole sub-prime thing beating up the banks.

What were your worst and best trades and what do you look forward to in the new year?
 
Re: How was your financial year?

Should have sold everything in July then it would have been a great year !
As it was well on some of my portfolio hopefully 2007 was the year of hard work and will reap the rewards in 2008
 
Same boat as IJH unfortunately! Was great for a while, not so great at the moment :( But, I'm an investor - not a trader.

Hoping for a more stable year of growth in 08' :D
 
The all ords hasn't done as well as it seems. Does anyone know how much it has risen if you take out of the equation BHP and RIO?
 
Wysiwyg said:
You first, what about you?:eek:
Click to expand...

Rio Tinto was my best and worst trade. Worst because I shorted it earlier in the year when the first BHP rumours helped push it past $100. I took a loss and then rebuilt slowly and then exploded when BHP actually made an informal bid!

Other winners were (are) still BHP and Zinifex when it reached $20.

Dad had massive success in range trading Woolworths & ANZ.

I'm confident resource stocks will push ahead to new highs next year but I'm also looking to invest large in small cap stocks that I'll hold for 2 decades.
 
I'm up 11.4% and entered the market in late July (2 days before correction)

well its better than bank interest.:banghead:

ATM im a long holder.
 
vishalt said:
I'm confident resource stocks will push ahead to new highs next year but I'm also looking to invest large in small cap stocks.
Click to expand...

Me too vishalt. I see some small caps with good land positions. A couple in partcular have had shockingly bad management and are in the process of turning around.

I have been only dealing in the spec end looking for big gains. Not sure of exact numbers, but I more than doubled my little portfolio. NIA was my only realised loss. I got frustrated and got out one day too soon. :banghead:

RAU was my best gainer. Others included LAT and AZS. GCR has been my most difficult stock. I sold most at a reasonable profit but are behind on what I still hold. Worst pick that I fortunately didn't put money in was LAF. Went with RAU instead. Gees, how things could have been so much different.

In hindsight I could have done much better if I stuck to my plan and not get swayed by a rush of blood a couple of times. :eek:

Do better in 08. :)
 
AQA, AZA, CEY, FLX, RIV, RSP, SRL and WOR have all done quite nicely for me.

AED has done quite nicely for those who sold. Unfortunately I wasn't one of them.:2twocents
 
The notable winners: MPO, ESG, AED.
Losers: BLZO, BKN.

Did much better in the first half compared to the second half.

After great returns in 2005 and 2006, this year was a poor one. Don't know exactly what % return it was but it won't be staggering.

Doesn't matter, there's always next year (this year :eek:)

Happy New Year 2008! :D
 
I read somewhere if you took out the top 25 the market would be losing for the year ..... havnt confirmed that, but sounds about right.
 
nizar said:
The notable winners: MPO, ESG, AED.
Losers: BLZO, BKN.

Did much better in the first half compared to the second half.

After great returns in 2005 and 2006, this year was a poor one. Don't know exactly what % return it was but it won't be staggering.

Doesn't matter, there's always next year (this year :eek:)

Happy New Year 2008! :D
Click to expand...

Hm bracken that was big!

But for AED did u sell before the big AED crash?

thx

MS
 
Smurf1976 said:
AQA, AZA, CEY, FLX, RIV, RSP, SRL and WOR have all done quite nicely for me.

AED has done quite nicely for those who sold. Unfortunately I wasn't one of them.:2twocents
Click to expand...

Hi OMG

Coal Stocks, same with me!

Nice thanks

MS



michael_selway said:
CEY, FLX, GCL, MCC, (RSP-NHC), WHC, AQA, RIV, COK, NEC, CNA, SRL, MLM, PRC...

28_12_2007_weekly.gif


abcdxy9.jpg
Click to expand...
 
just got better and better as the year rolled on.... 553 trades and 12 losses Actually used my stop 5% stop loss -
materials/ resources sector boom
 
nizar said:
The notable winners: MPO, ESG, AED.

Did much better in the first half compared to the second half.
Click to expand...
Pretty much the same, except take out MPO and add in QGC, NWE and AOE. MCR was also another good un very early in the year. CNM and MEL were other ones. But CNM has made me fairly happy thus far. I'm sure there are other big winners I can't recall right now.

Didn't have too many disappointments. VRE was one, but didn't end up losing money on it luckily. Even though AED was one of my biggest winners, I'd still class it as one of the disappointments.

Doubled my money in the first half of the year, thanks largely to the stocks listed above. The second half wasn't so great, but I'm not sure if that is because I've moved more into blue chips, or because of the market its self.

Volatility either way would be great for me this year. :D
 
Just to show how much of a trader I am not my biggest closed winning trade in 2007 was from a 92 week long trade on OKN (137%) followed closely by a 52 week trade on QGC (130%).

Through variable position sizing my biggest % winner is not necessarily my biggest dollar winner - the title going to JBH, with OMH coming second in the dollar stakes.

Through bad timing (worst possible entry and a shocking exit!) and work commitments (excuses, excuses!) my worst trade was MLX down 38% :eek: I only held it for 4 weeks. It's tricky when a stock drops 28% plus in a week. This is easily my worst trade in the last 5 years.

I mentioned that I am not much of a trader, only because I read below somewhere that someone did over 500 trades in 2007. I have only made 156 completed trades since January 2003! It's the old cat skinning story.

stevo
 
Reviewing my trading strategy at mid year, after a drop in capital, I noticed my systems were just not trading (which was uncharacteristic even after such a drop) ... while I believe not doing anything is also a position, I also believe you need to be in the surf to catch the waves, and not sitting on the beach just watching. This is perhaps too cliche (and perhaps others will vehemently disagree).

So after review, I added two new systems to increase trade frequency. As a result , a return of lost capital, and managed to pull a pretty ok year, with preformance in the second half outperforming the first half.
 
Well I begun trading in April 2007. After everything that has happend in 2007 I am quite happy to report an end of year profit of 28.5%

So im still a very happy camper, hope everyone had a great trading year in 2008!
 

Similar threads

D
How Much Should You Put In A Stock?
Replies
1
Views
4K
flynnmactier
F
darkhorse70
The Beginner Trader's Manual Guide
Replies
9
Views
20K
commoyo
commoyo
Top