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It was tough placing my buy orders this morning

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G'day all,
Bit of an update on my swing system. As I indicated on Friday I closed last week holding four open positions and maintained those open position into today's open. I opened one additional position today and that was PRU. Here is where I have to come clean about an indiscretion--I'm pretty bloody minded about sticking to the rules of my systems and have been pretty good over the years, if my systems say buy I buy and if my systems say sell I sell...nothing more and nothing less matters. Well getting back to PRU--I entered it today at exactly 0.90. All well and good until I sit down at my computer around lunch time and notice PRU hovering around $1. Oh crap, I'm thinking to myself that's a good run up in price given this morning's open decline and I'm feeling a little nervous about giving up a circa 10% gain on PRU this morning particularly given the size of my trade and the unrealized healthy profit. I'm telling myself do nothing and run the system tonight as I should (it's an EOD for buy sell setups), but I caved in and hit the sell on PRU and bagged a little over 10% profit. I know I should have done nothing and run my system at close today, but I just couldn't ignore the profit given the crappy state of the market. Shame on me, so feel free to strip me of my system trader title and call me a discretionary trader from here on if So I'm still left with my four open positions so let's see how they do at EOD but no more circumventing my system. Time to turn of computer and worry about this tonight
 
Here is how I ended up today. I went into the day with four open positions: CCX, AVH, NWS and AFG. As I mentioned above I entered PRU mid morning and overrode my system to sell early afternoon for a fraction over 10% profit. Not proud of selling PRU outside of my system, but nerves got the better of me with a healthy gain at risk. At the end of today I closed with CCX up 1.8% on my entry but in the red was AFG at 2.09% down on my entry, NWS 6.26% down on entry price and worst of all is AVH down 12.8% on my entry price. Oh well, they can't all be winners.

A quick scan of my system and it is telling me to offload CCX and NWS tomorrow but to continue holding AVH and AFG. My system has also identified a few setups so I will be entering three orders tomorrow.
 

10% gain is better than a +10% loss especially in this market. I just wander if there is a short term pause/bounce to the relentless sell down we had since the start of last week (six days in a row), with today's late recovery... ?
 
aus_trader said:
10% gain is better than a +10% loss especially in this market. I just wander if there is a short term pause/bounce to the relentless sell down we had since the start of last week (six days in a row), with today's late recovery... ?
Click to expand...
Must admit I was very surprised to see today’s recovery—haven’t looked at today’s movements but am very curious to see what stocks lead today’s recovery
 
My swing system is holding up...here is the unit price since 2 Feb. Despite the chaos over the past week the system is still up 4.3% over the past month.

 
MovingAverage said:
Must admit I was very surprised to see today’s recovery—haven’t looked at today’s movements but am very curious to see what stocks lead today’s recovery
Click to expand...

Obviously the hand sanitiser stock Zoono Group Ltd (ZNO) leading the pack, which won me the Feb ASF stock tipping comp. Here are the rest of the winners:
 
aus_trader said:
Obviously the hand sanitiser stock Zoono Group Ltd (ZNO) leading the pack, which won me the Feb ASF stock tipping comp. Here are the rest of the winners:
View attachment 100930
Click to expand...

Thanks @aus_trader . What is going on with WTC??? Given they operate in the global logistics space my logic tells me they should have been hit pretty hard with all of the international travel and shipping restrictions (maybe they did and today was a rebound for them) I know WTC is not directly a shipping/logistics company but they do provide software to that industry and my understanding (which may well be wrong) is that their software and revenue is based on a transactional model--more shipping container movements means more tickets to clip for WTC. Must admit I know very little about their business model so I'm probably way off the mark on that. Thanks for the price movements.
 

I think they were always susceptible to a sudden fall if there was any fear in the markets given their P/E multiples. It could work the other way too in terms of risk-on sentiment which could explain the rebound today.
 
Another day and another bunch of trades.
As I mentioned in my update yesterday I offloaded two positions today: CCX and NWS. I sold CCX for a 12.1% gain on my entry price and NWS was sold for a loss of around 6.8% on my entry price. Let's not mention me overriding my system yesterday to sell PRU because it put on about another 5% gain today--that will teach me for overriding the system.
I entered three new positions this morning for MNY, BGL and WAF but none of those triggered so no new positions added to the portfolio.
So I ended up at close today holding AFG and AVH. AFG closed today up around 1% on my entry price while AVH closed today around 11% down on my entry price.
A quick scan on my system and it is telling me to offload AFG tomorrow but to continue holding AVH. AVH is now at the system limit of hold time (6 days) so will be interested to see what happens with it over next few days. My scan has identified a number of set ups for tomorrow. I need four setups for tomorrow by my system is only identifying three.
Overall the performance (in terms of unit price) of the portfolio is still tracking ok over the past month despite the market chaos and is close to 5% up.
 
Okey dokey...I entered today holding AFG and AVH. I offloaded AFG for an overall loss of 3% on my entry price. I entered three orders today for INA, IEL and AVZ. Only IEL trigger but somewhat frustratingly I only got a partial fill for a small fraction of the quantity I wanted--damn I wish BD would allow the option of specifying all or nothing orders . Anyway, the partial fill throws things out a little and commission drag will be a issue on this trade because I only got a small fraction of the quantity I wanted. My system as finally told me to offload AVH, which I will do tomorrow. At close today AVH was down around 8% on my entry.

My system has identified several setup so I will enter five of those tomorrow morning.
 
For the positive, you will notice that if your open order is not closed by you, and get filled tomorrow, you will pay a single commission.
I would let that order live till tomorrow night
Either you get filled at requested price or below, or can make the decision to close it
Not ideal for day systems
 
qldfrog said:
Sunsuper option: capital guarantee: cash as cash, not as bonds which may actually lose value
Click to expand...

Not sure about Sunsuper, but some capital guaranteed funds also still invest in shares, but hedge the down side with options and other derivatives.
 

I dunno.
The chart looks like a pull back action.
XHJ down -2.3% today.
Hopefully you get a XHJ up day tomorrow for the sell.

F.Rock
 
Knobby22 said:
About time for a sucker rally.
Click to expand...

I am starting to think it was probably a sucker crash, and we are entering an "oh shoot we over reacted rally".

(but who knows the mind of Mr Market, not me thats for sure, when people are selling shares and buying toilet paper, who knows what they will do next ahaha)
 
The market usually over reacts. I think though that the present price of many companies, especially the banks, doesn't yet reflect the future reality of serious business disruption.
 
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