PANIC!!!!! (Strategies for those long)

[yonnie]

hiya tech,

thanks for your explanation.

at the moment I`m setting up a SMSF and do all my short/medium term trading in there and be taxed 15% on the profits.
For my personal account I would like to start with a long term strategy involving CFD`s for maximum leverage and get taxed on CGT, hopefully on 50% of CGT for the majority of profits, so holding for more than 1 year.

I`m looking into Alan Hull`s method that also targets momentum as you do. I think that that is an excellent strategy which could easily make > 30% per year without leverage. What do you think of Alan`s method?

Are all your long term strategies momentum driven?
And what are your % profits for last year?

thanks

 

[tech/a]

hiya tech,

I`m looking into Alan Hull`s method that also targets momentum as you do. I think that that is an excellent strategy which could easily make > 30% per year without leverage. What do you think of Alan`s method?

Im afraid I dont know a great deal about it.

Are all your long term strategies momentum driven?

Yes,all are longterm trend following

And what are your % profits for last year?

In terms of nett no leverage---most unrealised as they are still open--approx 32% ----- Havent sat down and worked it out to be perfectly honest.

 

[yonnie]

tech thanks for your reply. am not far off the mark with my guess that 30% unleveraged should be possible.

In his 2005 book Alan Hunt dabbles in the ASX200 stock and buys the 10 stocks with the highest momentum over the last year and sells when 1. stock hits trailing stop of 20% 2. price moves below 52 week SMA 3. price falls outside top 40 4. when stock reaches 15% of total portfolio capital, Alan sells that stock down to 10% of total capital

any difference with your strategy tech?

 

[tech/a]

Yes.

But there are many ways to develope a method.

All (Good methods) you'll find have similar qualities.
Remember also that my method and Hulls (it appears) are trend following methods and we designed them to trade trends.
In times of less than Ideal conditions---ie a raging bullmarket--then returns which we have seen may not be as easily attained.

I'm personally looking at adding another methodology to my existing.
(shorter timeframe and both long and short (CFD's).

Investing in good testing software like amibroker and Tradesim is well worth the $$s.

 

[CanOz]

I'm personally looking at adding another methodology to my existing.
(shorter timeframe and both long and short (CFD's).

Tech, any possibility of you sharing that one too?

Cheers,

 

[tech/a]

Sure.

Its based around a combination of VSA analysis and Elliot.
There you go.

 

[It's Snake Pliskin]

Sure.

Its based around a combination of VSA analysis and Elliot.
There you go.

Tech,

How is your EW trading going?

 

[tech/a]

Snake.

The Dual screen computer is on the office desk extension.
The software is all purchased.
The courses done.
The reading complete.
The Plan formulated and to some degree tested.

But sadly havent done a great deal.
Business (Civil Construction/my business) is just crazy.
Ive needed 4 more employees,and had to spend a great deal of time "In the Business". Just finishing off a stint in Perth then back to get sorted.

I expect to be trading more consistently in a few weeks.

 

[It's Snake Pliskin]

Snake.

The Dual screen computer is on the office desk extension.
The software is all purchased.
The courses done.
The reading complete.
The Plan formulated and to some degree tested.

But sadly havent done a great deal.
Business (Civil Construction/my business) is just crazy.
Ive needed 4 more employees,and had to spend a great deal of time "In the Business". Just finishing off a stint in Perth then back to get sorted.

I expect to be trading more consistently in a few weeks.

Dual screen, nice work.

 

[CanOz]

Nothing to panic about, but i just noticed on my scans tonite the number of unit trusts with super high volume breaking out. Seems a bit strange...is this a defensive move by some fund managers?

They are:

CER
CGF
RAT
MOF
CPA
MCW
DRT
MCG
IPG

Interesting, anyone explain this one?

BTW - one of the scans i use is from T.Trader, some good breakouts there.

Cheers,

 

[Uncle Festivus]

Interesting, anyone explain this one?

BTW - one of the scans i use is from T.Trader, some good breakouts there.

Cheers,

CanOz, I noticed this too but can't explain it. Although, the news just out was the US GDP was revised lower to 0.6% - not too far from the R word?

BTW, what is T Trader & does it have a web site?
Thanks

 

[reece55]

Nothing to panic about, but i just noticed on my scans tonite the number of unit trusts with super high volume breaking out. Seems a bit strange...is this a defensive move by some fund managers?

They are:

CER
CGF
RAT
MOF
CPA
MCW
DRT
MCG
IPG

Interesting, anyone explain this one?

BTW - one of the scans i use is from T.Trader, some good breakouts there.

Cheers,

IPG buy out by Morgan Stanley - 50 prem over NTA and 20 +% above 30 day VWAP.

Plus there is a huge REIT acquisition in the midst in the US by some private equity players.

It always pays to read those Company announcements, my comsec news screen is the one thing I have up all day at work....

Cheers