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Weekly Portfolio - ASX

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2 things of note. CDV has an offer for takeover. Though it's currently trading higher than the takeover bid. I'm not sure how it will work if the takeover is successful and they acquire all remaining shares? Before I started trading systems I did have some shares of mine forcibly sold after a takeover. I'm curious if that will be the case again? And if so, hopefully at the last price not the 1 offered to current shareholders. Would hate to see a position forcibly taken and at a lower cost than it should yield...

Another thing is that TBR (another 1 of my positons) is buying back shares. I'm also unsure how this will effect me?
 
Week 27

Buys: Plenty of buys this week! I see 18. 1 will be taken on Monday.
Sells: 1 stale. Happy to cycle it out and fill it with a better position!

OpenPL is +11.1%. Overall I'm at -12.04%. Full invested. I don't have much to say about this week as I wasn't paying attention. It seemed rather flat from what I can see. Flat is ok, I'd prefer that then it drifting down. This week my system actually gained 1.8% even though the XAO/XAOA went down. Nice to see I am pulling away from the index despite missing some gains after the intial bounce.

I have also been revisiting my other systems that I have designed. The daily pullback system would have had a field day this year. Easier said than done and probably don't have time to run a daily system right now. I have also been looking at brokers with API's for auto trading. It seems with brokerage and API availability, IB is still the better choice in aus. Even with IB's low brokerage, I have found I need at least $50,000 for my PB system to avoid annoying commission drag.

Best be saving and hope I can fund that second system.



 
Week 28

buy: Plenty of buys. 4 will be placed into market after sells are made
sell: 3 stale exits, 1 stop-loss & MA-close

I don't know what happened on Wednesday but the day was down but my whole portfolio was up by 5%. Thought I may have lost those gains but they stuck through the rest of the week. Right now my total% is -7.25% so getting close to breaking even. OpenPL is 15.9%. One oddity is 1 of my best positions slowly lost and decided to go from +45% at one point to now closing for a slight loss (past the stop-loss). A little infuriating as I would have liked to actualize some profits. Never easy seeing your best position fade and not give up profits. Overall, portfolio is doing very well and let's hope it can maintain momentum.



 
I got all fills for my 4 sells. One of them was AEF, which was 1 of my biggest winners not long ago. It turned into a -5% loss. It closed 10% lower last week which put it into a loss territory. That kinda sucked.

I sold DTL, ELD, and EVN. With the fills I got, DTL and ELD turned into the slightest of profits. EVN for a slight loss.

I got 3 out of the 4 fills for my replacements. These are AVZ, LEG, STX. I'm noticing my portfolio loading up on mining companies right now.

1 outstanding buy in market.
 
Kogan screamed today. 6% run just within the hour.

 
Don't know what happened today but I checked and I lost a large chunk of profits. Most came from MSB which had a benign annoucement.

On a more important note. I am going to go through a hire a python developer to write a daily system to be run with IB, fully automated. I'm looking at Upwork right now but if anyone has a python programmer they can recommend me, PM me.
 
Never got a fill on my final position, AJM. Got an email that it was purged from market. Re-entered position but was immediately rejected. Wednesday is the last day I give my positions to be filled and it failed. Portfolio is left with 19 positions.

For those that follow my journal, many of you would know I listen to podcast's and/or read books. Just finished the audio book 'random walk down wallstreet' which was good, but more importantly i'm reading the audio book 'complete turtle trader'. i've come across the story before, and in 'Chat with Traders' podcast there is a turtle trader in an interview. However, this book so far has been great. Looking forward to finishing this one.
 
Week 29

Buy: missing my fill during the week. I have a HEAP of buy signals this week! 1 position filled monday.

Sell: none

Positions held: 19, 1 available

This was a disappointing week for me. I lost a bucket load of open profits on Tuesday or Wednesday (can't remember) and never fully recovered those. Some were recovered but not much. OpenPL is now +13.5%. Total system is at -9.72%. XAO/XAOA was up for the week. Due to some loses, the AW/AL ratio has changed a little. Overall, still in a good position and beating the index.



 
I got my fill of WGO on monday.

It's been a strange week. When I have checked in during the week, if the market has been up i've been slightly down, and vice versa. overall i am up. tomorrow will be the real test. but interesting to note nontheless.
 
Agree. Small caps seem to be bouncing wildly and frequently opposite of banks and financials.
 
maybe looking at the sectors I hold would give me a clue. wont change my trading but I occasionally get curious.
 
Week 30

Buy: number of buys. 1 to enter after sell
Sell: 1 to sell due to close below MA

Pretty good week, actually. The index's ended up being pretty flat. As mentioned in previous post I noticed a bit of divergence with my positions and the market, but overall I'm on top. Like my papertrading of this strategy, it took a couple of months for the system to cut away the loses and let the winners ride. While I haven't got back my loses like @Skate, I am getting there!

During my listening to the audiobook 'The Complete Turtle Trader' I found a statement about openPL to be interesting. The concept that open P&L isn't real should be taken as completely true. The point being that this idea can lead to people cutting winners early in order to bank profits. This is the death of a trend trading system. And thinking about it more, it makes sense. I could, if I want, liquidate my holdings and that profit is real. Always to be taken with a grain of salt but something to think about it.





 
LEG was sold. only had it for 2 weeks.

LTR took its place.

I also noticed an error in the above post. The following should have read: "The concept that open P&L isn't real should not be taken as completely true."
 
Warr87 said:
I also noticed an error in the above post. The following should have read: "The concept that open P&L isn't real should not be taken as completely true."
Click to expand...

Open versus closed profits
"Open profits belong to the market, closed profits belong to you"

If you can accept that mindset (which a lot of traders can't) then that will serve you well when volatility impacts your trading.

Skate.
 
Week 31

Buy: 1 buy
Sell: 1 (stale)

Interesting week. The XAO/XAOA was pretty flat, and so was I. OpenPL is 17.9% with a total system at -5.26%. I gained a measley 0.71% but something is better than nothing . Realistically 0.5% a week would make a good return!

My stale exit is actually one of my better performing positions but it hasn't really moved much hence why it has triggered. It will actualise some wins which is always nice. Hopefully its replacement will perform just as well!

Finished the Turtle Trader audiobook. It was pretty interesting and I recommend it to others.



 
Warr87 said:
My stale exit is actually one of my better performing positions but it hasn't really moved much hence why it has triggered.
Click to expand...
Warr87 is this something that you have tested and that makes a real difference to your system? I remember listening to Nick Radge's most recent interview on Chat With Traders and he talks about having tested a time stop, e.g. if a stock doesn't move X percent in N days then it gets cut. He actually found it was detrimental to his system performance because when the market consolidated, like it is now, so did the leaders that they were already in. They didn't move up, but they also didn't pull back much either. They would have ended up actually getting out of the leading stocks because they didn't move up enough during their consolidation period to avoid getting triggered by the time stop. Some food for thought.
 
my original testing was without a stale exit. honestly can't remember exactly the difference in results. the position to be cut is +40% right now but hasn't moved in value for 10weeks. i guess holding on might yield a bigger winner. it is something to look into. consolidation is definitely something to consider.
 
Can you tell me what the ticker is, or would you rather wait until the position is sold?
 
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