The quarterly closed trades histogram shows periods of little activity, with long term trades easily going 3 or more quarters. The last bar shows Q3 2008 and consists of all open trades.
Whilst Q2, 3, & 4 of 2007 show lots of profit taking in Q1 & 2 of 2008 I gave some of those profits back. The systems buy signals turned off for nearly 5 months from November to March so I also managed to accumulate some interest in the bank account.
The equity curve shows the drawdown for the first 2 quarters, as well as the open profits going forward. It actually looks worse than it felt, since the open trades offset the closed trade drawdown over the 6 month period. I am not going to try plotting daily or weekly open equity curves which would show a different picture again.
A year ago there was a much different mix of stocks in the portfolio. The current portfolio consists of roughly 61% Energy sector, 34% Materials, 4% Utilities, and 0.38% David Jones (Mrs Stevo likes the shareholder discount card!). The one stock (EWC) in the Utilities sector holds power stations somewhere in Asia - I know now because I just looked! It's hanging on by a thread and could easily be an exit shortly.
I am surprised by the strength of the coal miners. I have MCC in another portfolio and it's well past the magic (in my mind anyway) 100% gains mark in less than a year. Unfortunately I didn't put it in this portfolio, although coal stocks do feature. Iron ore minors also feature prominantly and something called New Hope Corporation (Great name - I think it's a coal miner) looks promising on the chart.
stevo
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