An Experiment In Not Losing Too Much Money

[Snow Leopard]

Hate those "fakeouts". No way to tell the difference between that and a genuine breakout either, but thats why a trader must have a pre-determined exit strategy. I probably would have used the indicators rather than the $ amount and exited on the 26th March at $8.34 - $8.42.

The dollar amount is just to emphasize that we are limiting our losses on any one trade to a maximum (but often less) of 2% of our total portfolio value. This is currently $500 on our original $25,000.
In theory initial stop loss values are chosen for good reasons (yeah right!) and when changed are always raised, never lowered.

The primary problem with share prices is that on an individual basis some of them do not do what you want the to do:
You buy them and then they start to go down;
You sell them and then they turn around and climb again.
But some are more amenable.

So you win some and you lose some but if you win more on the winners than you lose on the losers then overall you are a winner.


Bought a new one for the experiment today, good grief is that the time? I will post it up later.

Bye for now & Best Wishes
Paper Tiger

[Snow Leopard]

Trade #8:
Date: 01-Apr-2015
Buy 815 ASX.TNE (Technology One) for $3292.60 ($4.04 each, 1c less than expected !)
brokerage of $15.37
total is $3307.97

Minimum No-Loss Sell Price: $4.08

Maximum Risk Amount: 9.8% of buy.
Risk Sell Price $3.68 (about current green line); (loss $324.14)

ASX-TNE-20150331.PNG

Hopefully continuing the uptrend after having a little breather.

----------------
Enjoy the long weekend.

Best Wishes
Paper Tiger

[Snow Leopard]

EXP-20150402.PNG

So that is where we are after about 4 weeks.

Whilst it is going well it could just be 'beginners luck' and if those seven trades decide to turn then it would not look so flash.

Best Wishes
Paper Tiger

DYOR.

[Snow Leopard]

So here we are at stumps today:

Everything is essentially going up, some more than others.

EXP-20150409.PNG

Off to sit on a beach, watch the waves, maybe sink an Anchor or two

Best Wishes
Paper Tiger

[Snow Leopard]

EXP-20150421.PNG

Still nothing has done anything worthy of selling out on the technicals:
RMD was looking weak but has recovered to fight another day.
Neither HSN or TNE (both IT related?) are making us any real money - perhaps they should be sold and replaced with some other stock?
Only a couple of hundred dollars up on where we were on the 9th.


Best Wishes
Paper Tiger

[dingoNZ]

It is boring out there. Nothing happening. Nothing worth buying. Few sells though. BAL.AX the highlight.

unreal, wish I got a many as I could on the second of April when it fell out of bed. Long term prospects still a standout imo!

[Jay]

Any Updates here Mr Tiger??

[clip]

Was doing some reading on day-trading last week and found some of these sites/pages pretty interesting, e.g. this one on what to set your stoploss at - few places recommend you should be stopped out so total loss doesn't exceed 1% of your capital, and you should sell at a minimum 2% rise - following this formula you can get stopped out of 6/10 trades and still come out ahead
http://daytrading.about.com/od/daytr...ing-Stocks.htm

Also had a couple of good resources around best time to trade for daytraders, what charts to use (e.g. tick chart on screen as well as per minute)

what time frames to monitor: http://www.sharetrader.co.nz/showthr...ch-Money/page3
common intra-day stock market patterns (for me personally i'd more look at the daily charts of a stock I was planning to day trade, look at the per-minute daily chart for every day, and look for obvious correllations that you can reasonably expect to see repeated in that particular stock): http://daytrading.about.com/od/tradi...t-Patterns.htm

interested on some of your thoughts and also how you're going tiger

[Snow Leopard]

Due to various commitments, unexpected circumstances, etc I have had to let this ball drop.

Sorry about that.

Unfortunately the calendar currently implies that you are not going to hear much from me until the end of August (this year).

A quick glance suggests that had I been on the pitch then the portfolio would have changed since my last post, RMD out for sure.
But neither do I want to, nor currently have the time to, retrospectively implement the trades.

See you later and
Best Wishes
Paper Tiger

[Snow Leopard]

OK - My days of doing strange stuff in far off lands are over and I get to live in my own place again for a while (maybe).

So rather than pretend that I would have done lots of clever stuff and made millions in the last few months here is what we we did and where we are:

EXP-20150904.PNG
(spot the minor errors)

Yesterday we sold the none performers: namely RMD, SPO & TNE at the closing prices and accepting a paper loss of $1516.

We keep ASB, CSV, HSN & SRX which have a paper gain of $4,332 between them.

Add in some paid dividends and pending dividends and our original $25,000 is currently worth $2,800 more.

Now to put that $10,000 of cash back into the market....

Best Wishes
Paper Tiger