Porper
Ralph Nelson Elliott
- Joined
- 11 August 2004
- Posts
- 1,413
- Reactions
- 274
Exactly right. Reducing risk is key at times like these.
In fact finding ways of reducing risk is of paramount importance at all times as far as I am concerned.
Small traders (like us) recognise the trend is down and have done something about it. We've recognised the increase in the daily volatility and have done something about it. A haircut is much better than hair removal.
Thank you for sharing this. Not miserable myself but trading solo I have no contact with other market participants and no one ever mentions their drawdown on forums. The ASX has been tumultuous since August and buying stocks too soon has increased my drawdown. Remaining optimistic.Risk assessment:
Hours of sleep lost: 2. Blood lost: None. Cold sweat perspired: 1/4 tea spoon. Tears shed: None.
Outcome: Within tolerances.
Where are the balls of steel buyers??? 15%+ Peak to trough. Big statements when markets are up. Silence now.
Yes you are right there. Read your breakout thread daily and am astounded the portfolio has remained positive through all this. Top stuff.Small traders (like us) recognise the trend is down and have done something about it. We've recognised the increase in the daily volatility and have done something about it. A haircut is much better than hair removal.
Thank you for sharing this. Not miserable myself but trading solo I have no contact with other market participants and no one ever mentions their drawdown on forums. The ASX has been tumultuous since August and buying stocks too soon has increased my drawdown. Remaining optimistic.
Wasn't Bill M buying a few parcels too?
Strategic rebalancing. Always suspected you had good discipline.
Bill M has not yet deployed from what has been disclosed. Still, a good call to have exited some positions at better levels. Not sure how he liquidates everything yet still has a bunch of ETFs going ex-div. Perhaps they are non-equity underlying like some of mine.
If its drawdown’s you want to see then no need to go further than a long term stock picker – I specialise in drawdown – spend ~90% of my life in drawdown.
In draw down since 1st June, Max to date in this drawdown has been 13.4% currently down 8.3%
View attachment 64541
Business as usual as far as I’m concerned.
FWIW, my target is 4700 based on the consolidation pattern and the low volume area.
I think we're headed to 5100 ish...that's the problem with pattern analysis, they change.
Hi craft, Curious as to your pain threshold? I've been through over 30% but not keen to repeat....
I don’t know for sure. I think I could handle anything that the ASX history has thrown up but it’s also likely my tolerance is not as high as I think it is.
I’m more likely to feel pain if my perception of the performance and cash flows of the companies I’m holding accompanies the market downturn; however that would also be my trigger to risk manage.
To date, care factor on this pull back has been nil and I had to pull up my equity chart in response to WYSIWG post to see where exactly I was at. Much prefer to read the company releases on how they are going than count my money each day.
What drives my investment return is the buy price, a series of cash flows over maybe(hopefully) a long period of time and ‘perhaps’ an eventual sale price who’s present value is probably not that material to the eventual rate achieved. Intermediate mark to market pull backs tend to induce excitement about opportunities to re-invest the dividend stream as seeds for increased future returns rather than induce pain. But I could be deluded – most think I am..
But I could be deluded – most think I am..
I don’t know for sure. I think I could handle anything that the ASX history has thrown up but it’s also likely my tolerance is not as high as I think it is.
I always remember what my mentor said to me years ago...Whatever number you come up with regarding drawdown tolerance, halve it. I have always thought this to be about spot on for beginners ( I know you aren't in that category Craft). If somebody believes they can cope with 40%, they'll likely get twitchy at 20%.
Are others taking losses in this market? I am a small trader so surely there are some big haircuts being taken but no one openly admits it. Always the winner. B.S.
Guys, remember craft is worth mega-$$$$$$. This will remove certain stresses and pressures for performance and regularity of profits.
How do you know this?
Perhaps some of the guys here that do a fair bit of fundamental research, i mean real solid research, can handle more of a draw down because they know companies they hold so well it gives them extra confidence. Also there is the dividend stream, nice.
If its drawdown’s you want to see then no need to go further than a long term stock picker – I specialise in drawdown – spend ~90% of my life in drawdown.
In draw down since 1st June, Max to date in this drawdown has been 13.4% currently down 8.3%
View attachment 64541
Business as usual as far as I’m concerned.
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