My 1st day trading on the ASX!

[Julia]

Without working it out, I believe this is an "annualised gain." Which, as you pointed out is a bit silly considering it is based on only two days worth of performance.

Exactly.

Err no...just pointing out that ANZ have a cheap index tracking fund, your shares have gone up a little and the index has gone up a little = same result less brokerage x 12

And making a perfectly valid point.

You on a commish from anz?
Hey who cares, I got it for free, i'm sure you can relate too that.

Something being free doesn't necessarily represent good value. The annualised gain imo is quite silly and would be inclined to give an inexperienced person a false sense of success.

 

[burglar]

... Hey who cares, I got it for free, i'm sure you can relate too that.

I can relate to that, you got it for free!
You are free to ignore that one little tiny inconsequential bit of an otherwise perfect tool!

I must be an experienced person because I can see an excellent use for annuallised percentage.
It would allow me to compare two trades which I had held for vastly differing time scales!

 

[pixel]

I can relate to that, you got it for free!
You are free to ignore that one little tiny inconsequential bit of an otherwise perfect tool!

I must be an experienced person because I can see an excellent use for annuallised percentage.
It would allow me to compare two trades which I had held for vastly differing time scales!

I use a different rate: "Return on Investment per day"
The intuitive reason why I chose that number: "It's a Jungle out there; leaving my money at the mercy of market manipulation must be worth it, and I want the best and safest return over the shortest period of time."

 

[burglar]

I use a different rate: "Return on Investment per day"
The intuitive reason why I chose that number: "It's a Jungle out there; leaving my money at the mercy of market manipulation must be worth it, and I want the best and safest return over the shortest period of time."

I once asked my mentor about reasonable returns in the market.
He replied that it used to be 100%PA when he started, but now around 40%.

So now I need to make 41.5% twice, compounded, to get 100%.

Then I hear from Rene Rivkin:
If your shares haven't done what you want inside six weeks, you've got it wrong.

So I put the two ideas together.

I like to get 41.5% after brokerage, inside six weeks.
Then reinvest and try to get the same again.
Twice in one year, not impossible!

And if I can only manage 19% at a time,
I need four cycles per year to double.
Ahh. The power of compounding!!

 

[So_Cynical]

I like to get 41.5% after brokerage, inside six weeks.
Then reinvest and try to get the same again.
Twice in one year, not impossible!

Not impossible and also not very likely....but yer whatever.

 

[prawn_86]

I like to get 41.5% after brokerage, inside six weeks.
Then reinvest and try to get the same again.
Twice in one year, not impossible!

And if I can only manage 19% at a time,
I need four cycles per year to double.
Ahh. The power of compounding!!

Would love to see some broker statements of this, even with the tickers blanked out. If you are doing this consistently without losers then it would make you one of the best traders going

 

[wilto]

Timing seems to be pretty good.
There are not that many financial crises like this one and this one is pretty much solved with all the monopoly money.
May want to start exiting when inflation suddenly starts to rear it's head all over the joint!

This thought is on my radar. ok I was lucky, the day i chose to "invest" the markets where down, then they have been up every day since.

 

[wilto]

Why is everyone so hung up about the annualised gain on the yahoo portfolio manger, I can't change it , it comes with the program. sheeez! You financial people are a fikle lot.

 

[CanOz]

Why is everyone so hung up about the annualised gain on the yahoo portfolio manger, I can't change it , it comes with the program. sheeez! You financial people are a fikle lot.

I think it would be kinda good if your exit plan used an index. For example, you could exit so many positions if the index rolled back and closed below a 50 Moving Average.



CanOz

 

[burglar]

Would love to see some broker statements of this, even with the tickers blanked out. If you are doing this consistently without losers then it would make you one of the best traders going

I have rarely done it, ...
And then only with a portion of my holdings.

But it is not impossible!

 

[burglar]

Here goes!
Three closed winners, three open losers.
But the year isn't over yet!

 

[burglar]

Would love to see some broker statements of this, even with the tickers blanked out. ...

Why would I want the tickers blanked out?

 

[Geckoo]

View attachment 49188

That's awesome, looks like you're winging it!!