The Simple Weekly Income system

[So_Cynical]

Trade entry #45

• ISO - IShares ASX Small Ord's ETF
• 530 Shares @ $3.78
• Week 48 - 06/02/2014

ERJ is going thru a share consolidation so no accurate portfolio vale info is avaliable.

 

[So_Cynical]

Trade entry #46

• AMA - AMA Group
• 7550 Shares @ $0.265
• Week 49 - 18/02/2014

Portfolio now +1.03% ~ IPP is now a 234.09% Winner..and safe to say that without that out performance the portfolio would be well into the red due to losers out numbering winners by 21 to 18.

 

[Ves]

Trade entry #46

• AMA - AMA Group
• 7550 Shares @ $0.265
• Week 49 - 18/02/2014

Been watching this one myself since the middle of last year. Not sure what to make of it long-term, but they've done fairly well profitability wise and in mending the balance sheet since 2010.

 

[So_Cynical]

Trade entry #47

• OTH - Onthehouse
• 3850 Shares @ $0.52
• Week 45 - 28/02/2014

Portfolio now - 1.19%
~

 

[So_Cynical]

Trade entry #48

• AGF - AMP China Growth Fund
• 2600 Shares @ $0.77
• Week 46 - 14/03/2014

Portfolio now - 1.35%

 

[So_Cynical]

Trade entry #49

• CLV - Clover
• 4300 Shares @ $0.465
• Week 47 - 26/03/2014

Portfolio now - 1.36% 21 losing stocks (26 parcels) and 20 winners...2nd CLV position.

 

[So_Cynical]

(26th-April-2013) Trade #16

• RHL - Ruralco
• 730 Shares @ $2.75
• Week 16 - 26/04/2013

Trade exit #4

• RHL - Rural Holdings
• 730 Shares @ $3.40
• Week 48 - 4/4/2014

Trade Profit of 21.98%

RHL was the 6th highest % winner in the portfolio and was chosen over BLD and PRG based no the fact that RHL has been ranging and was at the top of that range, BLD has recently had a big leg up and US building fundamentals are on the improve, PRG's Share price has recently fallen and a dividend is approaching.

Some stats:
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[Wysiwyg]

In need of a simple system to take advantage of my talent for stock picking and entry timing

My goal is to create an account that will live on in perpetuity and give me an income of 1K per Month, every month in perpetuity...comments and suggestions more than welcome.

Interested to know what criteria you use to open positions and what stops out a position?

 

[So_Cynical]

Interested to know what criteria you use to open positions and what stops out a position?

From the first post in this thread, below.

The Trade Rules

• Week 40 will see the biggest (trade %) loser sold, repeating every 10 weeks (loser must be at least 20 weeks old)
• At week 42 and every 2 weeks following i will sell the 4th or 5th biggest winning Parcel as long as the selection is in profit by at least 12% and not within 5 weeks of an approaching or past ex div date.

The 4th, 5th and 6th (expanded the rule while still staying within the basics) highest % winning parcels were, BLD, PRG and RHL...chose RHL due the stated reasons, this is a somewhat discretionary system.

I think BLD and PRG can go higher, and don't think RHL can in the short term, and had to choose one of the three.