I have been reporting results quarterly but the average hold time is in excess of 6 months, with winners often exceeding 1 year. So reporting quarterly results is quite lumpy. The chart below is a yearly chart which shows quite consistent performance.
This portfolio was fortunate enough to hold QGC (currently subject to a hostile takeover from Santos) and results since the last quarter (sept 2006) have jumped nicely. This portfolio currently has over $80,000 profit in open trades.
Stevo
Nice numbers there Stevo.
ReplyDeleteWhat % returns are these though? Perhaps you have mentioned this previously in your blog.
Good to see an Aussie trader kicking goals.
Cheers,
Andrew
www.humblemoney.com
Andrew
ReplyDeleteI have been trading with around $400,000 so the percentages for the last 2 years (2004 and 2005) was around 35%. This does not include dividends. Profits have been put into renovations and landscaping although these have now been completed.
I am not a full time trader which is why I trade using weekly charts.
Thanks for the link to your site.
Stevo
Thanks Stevo,
ReplyDeleteWow those are some seriously sweet results on that capital unleveraged.
I haven't traded Aus equities since Feb this year as I was unhappy with my ability to outperform the index, I was largely making money as a result of a surging market.
I think there's a lot of value in catching more of the larger trends, which means weekly and even monthly charts can be great. The coppock indicator is one that has worked a treat in the course of history using montly data only.
There are monster rallies for those with the vision and patience, take the 20+ year rally in US TBonds since the early 80's.
Cheers,
Andrew.
Andrew
ReplyDeleteI keep dabbling with monthly charts / systems and they do hold some appeal. I think that, with the current funds and commitments, I can comfortably trade weekly time frames.
There is nothing wrong with making money in a surging market - bring on monster rallies! I am happy to profit the easy way and a 20 year bull market would be nice. We have had close to 4 years already on the ASX.
I am sticking to what I know - Aussie stocks. Lots of things look tempting, like futures, but I will keep it simple and save myself the hassle of opening new accounts etc.
stevo
Very well done Stevo!
ReplyDeleteI'm thinking of trading and you're an inspiration. I'm saving this blog to my favourites. I will have some questions for you in due course :)
Regards,
Glebe.