I trade longer term mechanical trading systems exclusively on the ASX. I rarely look at daily charts and the systems are built using weekly timeframes. The information in this site is based on actual trades in real portfolios. I don't trade using margin or any sort of leverage. I mainly use Amibroker for system testing and trade monitoring. I am not selling anything. This is just a journal to record where I have been and, just maybe, where I am going.
Wednesday, July 29, 2009
PAN trade and an update
PAN was nothing spectacular but at least it made some gains. I re-entered this trade when the buy signal was triggered a week after I sold it. This system ranks the trades and I just take them in order so I have less decisions to make.
There has been a few sells in July as the market wobbled a little - some winners and some losers. Other sells included DYL, MMX, ETC, DOM.
Trading started up again back in January 2009 when signals started to appear. I was cash before then. With longer term systems it's usual to only realise loses in the startup period - winning trades tend to last longer whilst losing trades are cut short.
Over the last week substantial gains have crept into the portfolio - the market is looking promising. I am pretty well fully invested.
stevo
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