What is your BIGGEST EVER win?
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Prospector said:Since then I have bought in at higher levels and traded these a bit too but I still keep my lucky first purchase - mainly because CGT is such a killer
Prospector,explain that to me,I understood that when you do what you said,the first lot to be taken when sold is the one you bought first,so how can you have the original 500 dollars worth.Thanks
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Magdoran said:
actually the 500% was on a share (Tribeca) and over a couple of years.
I've only made 100% on the aggregate of the options trades - and the options trading is a fluke while with shares I feel very comfortable picking my entry and exit points based on a value/fundamentals approach (a proper one with defined metrics for entry).
Aha, cuttlefish,
I see what you mean - I misread the format - stock, percentage, timeframe...
This was a stock over 2 years. Hmmm, still an exceptional return for a conventional share trade. Imagine what a leveraged strategy might have returned... if it was possible of course.
As for your options trading, if you’ve doubled your account in a month, that’s still an excellent result.
Regards
Magdoran
I see what you mean - I misread the format - stock, percentage, timeframe...
This was a stock over 2 years. Hmmm, still an exceptional return for a conventional share trade. Imagine what a leveraged strategy might have returned... if it was possible of course.
As for your options trading, if you’ve doubled your account in a month, that’s still an excellent result.
Regards
Magdoran
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tech/a said:
So true, so so true!
Prospector
Not a scaredy cat anymore
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visual said:
Hi Visual
The software I use allows you nominate whether you want to minimise, or maximise the CGT when you enter a sale. So if you have bought shares at different times, say you buy 5000 in January for 11c, and another 5000 in December for $2, then sell 5000, the software asks which ones you are selling - if you want to maximise CGT you nominate that you have sold the first lot at 11c. As long as the HIN are the same (ie the same entity has bought both lots), then it is your decision, and not say, NAB online trading, or ATO, as to which ones you have sold. At least, this is my understanding of the way this works.
Prospector
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Just need to correct an earlier post - the PDN shares I sold were not the original 11c ones but additional ones I purchase for 18c - the drift is still the same though :
:
Julia
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Prospector said:Hi Visual
The software I use allows you nominate whether you want to minimise, or maximise the CGT when you enter a sale. So if you have bought shares at different times, say you buy 5000 in January for 11c, and another 5000 in December for $2, then sell 5000, the software asks which ones you are selling - if you want to maximise CGT you nominate that you have sold the first lot at 11c. As long as the HIN are the same (ie the same entity has bought both lots), then it is your decision, and not say, NAB online trading, or ATO, as to which ones you have sold. At least, this is my understanding of the way this works.
I'd just add to that, Visual, that you don't need to have software to do this.
You can simply decide which shares you want to sell. You will have recorded them separately. Just similarly record that sale.
Julia
Prospector
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Hi Julia
I have just done a separate thread about this because I understand from Visual that her online trading account automatically sells the oldest shares, which got me to thinking maybe, well, there might be more to it.
Mine (NAB) doesnt give any indication as to which shares are sold so it might be interesting to get some other input.
I have just done a separate thread about this because I understand from Visual that her online trading account automatically sells the oldest shares, which got me to thinking maybe, well, there might be more to it.
Mine (NAB) doesnt give any indication as to which shares are sold so it might be interesting to get some other input.
Stop_the_clock said:PNO $10,750 in 4 hours, easy money
Percentage would be a better way to measure a big win...
If you had a huge amount of capital, and the stock moves 1 cent, you would already have a huge profitable trade!
Longer term trades always seem to get the bigger wins - since they ride the longer term trend.
Short term trades gain quick gains, but short term trades over one stock with accumulated gains can be greater than the one long term trade.
You can simply focus on a stock like BHP and trade in and out of the position like hell and still be able to double or triple your money. It depends on whether you want to be a hands on trader or not.
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lets see - nmso june 05 to march 06 = 2000% and sold.
back in again - currently up 300% - reinvested the lot.
not bad for a little wager.
not enough to buy another house yet, far from it, but it will happen.
sorry if it sounds like a ramp, but resources services is growing so fast.
back in again - currently up 300% - reinvested the lot.
not bad for a little wager.
not enough to buy another house yet, far from it, but it will happen.
sorry if it sounds like a ramp, but resources services is growing so fast.
I think its a great shame that those little wagers are the ones that bring home the most.
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EGO - 300% 06/08 -> 14/08 however not so much capital for an initial investment - But as a newbie, it was a nice surprise and that is why I was reading this thread along with a lot of others from this site. Thx all for a nice diversion from my day to day.
OILO back in the 2000 madhouse
Paid 1c for options sold for $2.00 odd
Those were the days
Thats INCREDIBLE.
You sure do know how to hold onto your winners.
Well done brother.
You did good.
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A mere 10 bagger in my case.....JMSO last year from 2c to 20c in 5 days.
Made for a great Christmas
EB
Made for a great Christmas
EB
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There has been a few:
MTN bought 70 cents sold 1.90 = 170%
JML bought 45 cents sold 1.30 = 188%
GBG bought 60 cents sold 1.65 = 175%
TLM bought 40 cents sold 0.90 = 125%
TZL bought 2.75 sold 6.00 = 118%
AGY bought 0.36 sold 0.86 = 138%
There have been more but they are the main ones, disc still holding PDN from SMM takeover, purchased SMM at 1.40.
Still haven't really cracked a multibagger although my overall position is up 630% in the last year and a half. So my biggest gain overall is on my current portfolio position, which I suppose is what counts.
MTN bought 70 cents sold 1.90 = 170%
JML bought 45 cents sold 1.30 = 188%
GBG bought 60 cents sold 1.65 = 175%
TLM bought 40 cents sold 0.90 = 125%
TZL bought 2.75 sold 6.00 = 118%
AGY bought 0.36 sold 0.86 = 138%
There have been more but they are the main ones, disc still holding PDN from SMM takeover, purchased SMM at 1.40.
Still haven't really cracked a multibagger although my overall position is up 630% in the last year and a half. So my biggest gain overall is on my current portfolio position, which I suppose is what counts.
