Ignore all the EMA's and pretty colour bands (sorry should have turned them off before snipping the image) and just look at the Mid-August to yesterday bit:
That to my eye is essentially down.
On a longer time frame it still looks OK.
But of the portfolio this is the weakest and I 'needed' to sell something.
Why?
Because when I buy I have a target minimum buy value of $3300 (plus brokerage) and how much cash did I have?
$3281.90.
So near and yet so far. Makes you weep .
In real life I would probably never invest in a gold stock.
But the benefit of running an experimental portfolio based on technical signals is that we can 'live' the dream.
Hit a new high 1 year yesterday, retraced today, but what the heck.
As mentioned in previous posts SRX sold so enough cash to buy something new:
which turned out to be AQG; I hope you liked the music .
Still enough cash to buy a seventh share and have change for a nice meal out .
Of the rest (go find your own charts if you're interested):
ASB - been heading down for the last two weeks but still in a (nearly 2 year) uptrend.
CSV - also went down the fortnight and otherwise been going nowhere. Need to ask why it has portfolio room.
HSN - been down, coming back up, not in danger yet.
ISD - flat last week hopefully pausing for breath before resuming upwards trajectory.
OML - disappointing side-wards shuffle since purchase, could be culled.
I am giving up on this as I have not been putting enough effort into it for it to be worthwhile even for me.
So here is where we finished up for the end of October, and assume we sold everything at closing prices:
We will take our theoretical profit of $2,876.24, pay our theoretical taxes [Note: You need to have your Australian Tax Return in this weekend] and spend the profits on a theoretical holiday.
I am giving up on this as I have not been putting enough effort into it for it to be worthwhile even for me.
So here is where we finished up for the end of October, and assume we sold everything at closing prices:
We will take our theoretical profit of $2,876.24, pay our theoretical taxes [Note: You need to have your Australian Tax Return in this weekend] and spend the profits on a theoretical holiday.
Best Wishes
Paper Tiger
This experiment made over 11% in six months in a bad market at a bad time, with no significant drawdown at all, all using simple trend-following and money management ideas.
Very interesting and thanks for doing this.
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Gross dividends included - smart aleck
Rational Irrationality
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Not living on the street yet !
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Fin de l'expérience
Originally Posted by Paper Tiger
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