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Weekly Portfolio - ASX

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Warr87 said:
this thread has a number of purposes. 1) asking for advice, 2) sharing my trading so others can helpfully get something from it too, 3) keeping myself honest and hoping someone can keep me in check too!
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i like this thread in the hope you'll keep me in check too.
 

Will ING give you stop loss, trailing stop functionality?
 
lindsayf said:
Will ING give you stop loss, trailing stop functionality?
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Good question. I'm actually not sure. I haven't looked into it as it's not a functionality that I need. My stops are never put into the market. There are highs and lows during the day, and I only care about the close. It would be entirely possible for the market to swing against me by lunch time and then recover by the afternoon. If I had a stop in the market all that would happen is that I would sell for a loss and then need to re-enter. It makes sense to have these in markets such as FX but not as useful for equities. I know some professional traders used to hunt for stops to purposefully shake weak investors out of the market. I'm not sure if that is still a practice today to go stop-hunting.

If this is something you want you should give the a call. Or wait a few weeks and I should be able to let you know .
 
Just curious. AustrailianSuper - where I do some trading - does not have that functionality. But as the trades are long term I dont see it as an issue. My exit criteria does not demand a stop.
 
lindsayf said:
Just curious. AustrailianSuper - where I do some trading - does not have that functionality. But as the trades are long term I dont see it as an issue. My exit criteria does not demand a stop.
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I'll give an update for those who are interested when I have the account up and running. For long term it definitely may not be needed. Presumably those using a super aren't running daily systems but more long term.

A preliminary look at my holdings show +8%. I will give a proper update later on tonight.
 
Week 23

Buys: 3 but i'm fully invested
Sells: none

I'm at +7.1% for what I have in the market right now, this brings my system to -16%. I'm climbing back up to at least not being in a DD.

As my positions have stayed in the market they are starting to meet with the index. I'm certain I will start to overtake it soon. If it's by the end of the year I will be very happy.




 
I have made my account with ING Living Super. There claims that it takes 5mins to setup were pretty much on the money. It was seamless tbh. Hopefully it wont take long for everything to rollover into the account. My current job will be the closet.

As for the momentum system. Radge was very quick with emails. Everything is ready. Just waiting on money to clear and I will get my code. That was also seamless. I'm exciting to see how this next system will fair.
 
Got the code today. I can't display backtests but things aren't too bad so far! I'm still waiting on my job to get back to me with switch funds to my new super so I may not get to do a trade until next month. And one thing I do want to do is fix the CAR/MDD (as I have mentioned before I'd prefer something a little better).

I tried changing some of the parameters in the testing and unsurprisingly Radge had the defaults on what looks to be the best middle ground. I probably wont have time to play around further until the weekend because of work.

On other news. Yesterday's market was great, my system was up, and today it lost a little of that. The market giveth and takeith. Good thing it's a weekly system or things could be a little more stressful.
 
After reading Skates comments on GTFO indicator I now put a stop in the market on my weekly system when indication of GTFO. I think he just gets out were I tighten and put in market stop.
 
Week 24
Buy: EMR, FLN, DTC but I'm already fully invested
Sells: none

OpenPL is at 8.8% and system overall is at -14%. While the XAO/XAOA lost this week I still managed to gain a little. No amazing positions in my portfolio right now but very few (and small) loses. I'm pretty happy with how things are going and confident that by the end of the year I should at least be able to break-even. Time will tell though. Always have to remember that open profits aren't truely yours, and the market will happy extract such open profits for you.

In other news the code arrived. It is a rather good turnkey system (and true to its name as the default settings were pretty spot on and ready to go). I can't share any backtests but it should be a pretty good system. I changed a few minor things.



 
Week 25

Buys: 2 different buy signals. 1 will be entered on monday hopefully.
Sells: 1 stale exit (PDN). will have to wait for this to sell before i can enter my next buy.

Wasn't watching the market much this week. A few bad days took most of last weeks gains. Even though the week was positive for the XAO my system didn't rise with it (which was surprising). As you can see by the second chart, I typically gain slightly more or lose slightly less compared to the XAO/XAOA. But can't win every week. It is a marathon nonetheless.

I am hoping I can take some profits soon. Most of my positions are slightly positive.



 
I got a good fill on PDN.

I can't seem to load any pages on CMC right now (or on my phone app). Once I did I will put in my buy.
 
Didn't get my fill on GGG. If I had a position at monday's open then I may have got it but even with my 3% premium on my limit order, it never hit.

That is unfortunate. But I'm sure I'll have more buy signals next week.

This has been a great week as well. Everything is doing great though I may lose 2 positions for next week. 1 being from a trailing stop (CAN) and the other being a stale exit. Time will tell. Looking forward to Friday's close.
 
Indeed, even today..
 
qldfrog said:
Indeed, even today..
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yup. i actually leave my orders GTC on the wednesday. I know skate does it for the monday only but I can't guarantee i get my sells on monday's open so I let my remaining position stay live until wednesday. If it doesn't fill by then, well there's no point chasing anymore IMO.
 
Week 26

Buys: plenty. Will be taking 2 new positions on Monday
Sells: 1 from trailing stop. It was just a few percent from the stop last week and unfortunately went even lower.


This week I gained 2.9%. Not bad. OpenPL is 9.4% with system at -13.84%. As can be seen in the graph below I did better than the XAO though the XAOA is slightly ahead of me. Next week will see 2 fresh positions. The system is starting to get into the swing of it and slowly cutting away the losers while the winners do well (avg w is 21% right now).



 
Doing well,
One item to consider is your investment level
If you match xao while not fully invested, you are beating it
Looking at the whole chart, you obviously had bad luck with timing but limited the damaged, a bit slow to jump again in .. system or psyche?
And doing a fair job since
Always inspiring for beginners like us
 
Thanks mate. really appreciate it. i haven't turned a profit yet like you, but my timing couldn't have been worse! Thankfully my system did put on the breaks. It was hard to follow the system as my money was evaporating. And it was a little slow but I think it jumped in around the same time as most others here. Pysche has nothing to do with it, except do I follow the system? Well i have at every point. In the past I have tinkered with the index filter to get back in there quicker but I remember it making little difference to the overall system. What I am noticing right now, though, is with the 50% loss in CAN I have a reduced position for Monday. It's actually lucky that I didn't get a fill on GGG, because now I can have 2 proper positions as opposed to what would have been 1 pretty small position. What I also need is some actual gains to materialize at some point! haha

And I don't know about inspiring. This is my first live system. When I prove myself I can start live trading others too .

Oh, and with the investment level. That is a good point. I only had 19 positions but still managed to slightly outpace the XAO. Now I have 18. Hopefully I can get my next 2 positions tomorrow though. My system is starting to dump the losers and the winners are riding! It's not as quick as @Skate's action strategy, but nobody is perfect .
 
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