A minor selling spree

Not quite a selling spree, but 4 sell signals in one week kept me busy on Monday.

The best trade was OMH above.

I also did ok on MGX, and lost a little on SSM and AVX. I would be around 50% cash. Fortunately the winners thrashed the losers this time. OMH was nice.

With a little bit of luck I won't have to do much whilst travelling (all the more likely with a weekly system), although I will have internet access in most locations I am staying.

stevo

Just taking it easy

I am getting a bit of sailing in of late. It's not much of a photo but there was a bit of swell around and the wind was good enough to fly a hull on some flat water once I ditched the other guys (they were hungry) at Patonga.

Systems are off at the moment. I did't get any sells so, trading wise, there isn't much to do. If work doesn't want me for a while (people keep wanting to have meetings) I will get in some sailing. I will be all December in Europe - my preference would be to stay in Sydney on a beach somewhere.

stevo

Yilgarn Mining exit

YML is a trade I exited this week. This one is outside the All Ords stocks, something that I do from time to time if there is enough turnover.

This one could easily move 10% in a week, and sometimes more than this in a day. For those that think they could trade it short term best of luck! I was in it for 9 weeks.

stevo

A couple of good months

The green bars show monthly portfolio changes. The red line, with Y axis on the right hand side, shows cumulative gains. All costs (inlcuding quarterly tax payments) are taken into account, as well as dividends. The results are adjusted for capital additions and withdrawals.

Not a lot to say really - things are ticking along ok. The market has been incredibly strong, with the odd wobble to remind us that it can't last forever. My preference is to look at closed profits only, but I only sold one stock for a small loss in October - BTA (see chart below. A portfolio may rise substantially and then give some back. I look at closed profits on a quarterly basis.

If a portfolio goes up 30% and then settles back to a 20% gain on closed profits have we lost 10% or gained 20%? If a portfolio goes up 20% and we exit there is no 10% loss and we are "happier" Open profits are not money in the bank. It is a never ending process.

stevo