What's Happening?
| |
|
Last Poster |
Posts |
Pages |
Last Post |
| |
|
|
|
|
|
|
| Author |
Message |
     dug
Member
Username: dug
Post Number: 1529
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Friday, October 06, 2006 - 09:17 am: |  
|
A thread for comments,questions,chat.I realise these threads within threads can be confusing.A solution is to tick your Profile section-Hilarius Hall of Fame and then the emails come thru.Work off the emails,it's easier then coming to the Board.
What is happening here?
Well notionally it's a Competition.The objective is to double a small portfolio[10/20 grand]by,well as long as it takes!!
It's small because I feel that's harder and reflects Reality.Even people with say 100,000 or much more have or should have a proportion in Speculative,Short Term Holdings.
I don't see the Educational Value in Comps where every contestant has say 100 Grand and proceeds to splash it around.I feel contestants are then only Playing,not being dosed by Reality,distracted from actual Working Plots.
Anyway,it's all to evolve.Anyone can set them selves up,anytime they choose.You set your own rules and Objectives.You keep your own Score because the Assumption is You Bought and Hold and Sold these shares and are merely,perhaps,using this site as a Diary that will hopefully illustrate methods that all the Others can absorb,adapt,adopt just whatever.
Enough for now.Hopefully that's enough Guff to keep ASIC off our case!!!
Happy Trading?nah GET REAL!!!
Dig for the sake of it.
|
dug
Member
Username: dug
Post Number: 1667
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Monday, November 06, 2006 - 09:06 am: |
|
An Update-been about a month so let's go over what's Happening.
Basically this section is for current trades.In the past when there was a Correction in the Market,this site went into Debate on whether to Sell Up all your Holdings.
What I noticed was that the LOOOONG Term holders,they who had their holdings from years ago in particular shares,of course started up with "This is Normal,This[correction]is Healthy" which of course is very valid when you are losing only Gain BUT it was not very good advice from "d'Respectables" to the NEW holders in these shares who were experiencing Capital Loss.
They[new holders]should have been aware of Rule Number ONE-
Preserve your Capital,but I just feel they were more influenced by these Proper Long Term Holders who were not in their same situation.
Anyway,that's what got me into wanting to see what people were buying TODAY,NOW.What they've owned for donkeys years is Irrelevant,at least to this purpose.
So we've got Five now.Five announcing what they're thinking of Buying and then posting as soon as possible after actual purchase their Entry Price,Target and Results.
Tryhay,you don't have to put how much/many you bought if it disconcerts you.I do that because I'm trying to illustrate what you can do with Minimum Dosh/Capital less than 20 grand.It's just my own foible.I just don't reckon that enough is directed on Systems for the Battler,Under 20 grand pilgrims to the Market.
Too much piffle about becoming a Full Time Give up ya Day Job TRADER rot comes in to this Market Segment who are usually young [under 35]and still bushy tailed Fresh Meat for the edification of prats and other assorted invertabrets who demand proper spelling!!!
anyway,back to it.
jr
Subscribe to our FREE
trading newsletter
The weekly Trading Diary offers
free multiple time frame analysis of
major market indices, identifying key
support and resistance levels and
suitable trading strategies.
|
|
|
|
Dig for the sake of it.
|
dug
Member
Username: dug
Post Number: 1904
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Friday, December 15, 2006 - 12:28 pm: |
|
Coming to the end of our first Quarter in our "Contest".Soon I'll do my paperwork,compute results,but as there is only me and tryhay "competing"well,I'll just concede tryhay did "Best" and save him and me paperwork!!
I've found having this section very beneficial.Have been able to develop my 'Diamonds in a Coal Mine' method of searching up just fine.I will do a post defining this method,probably in the How Eggs get Sucked thread,later in the next fortnight.
Having this section has also been a great aid in moving trades from short to long term on a limited budget.I started with 15k as a Budget,added 6 grand in when PHK established itself and now have a Bank of 27g or so.Sorry I didn't look before I started this post but it's been an Earner Quarter quite satisfactory,thanks very much.
I will continue to Gear my writing about shares to the Small Timers,both the value[pennies] and the pilgrims[my fellow human beings]We got no Class distinctions here,in this section but we ain't doing no wallow in How Great I art.All praise is Sycophancy[a sicko's Fancy!!]
Be and Get Real!!
regards,
jr
Dig for the sake of it.
|
macca888
Member
Username: macca888
Post Number: 101
Registered: 10-2002Rating: N/A
Votes: 0
|
| | Friday, December 15, 2006 - 12:50 pm: |
|
G'day dug.
Thanks dug. When I count my blessings I do think of you.
Hope you and yours have a Merry Christmas and a prosperous New Year.
regards
888
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
"A prudent speculator never argues with the tape. Markets are never wrong - opinions often are". Jesse Livermore
"The only sound reason for buying a stock is that it is rising in price.
If that is happening, no other reason is required.
If that is not happening, no other reason is worth considering".Nicolas Darvas
|
dug
Member
Username: dug
Post Number: 1906
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Friday, December 15, 2006 - 01:29 pm: |
|
well,thanks,macca888,a liddle voice reminds me of you,too
you should set up your own thread and Get into it,mac8'n'8,tryhay is respectable,so thommo78.Why peterloh drops in and kate,catlady,and especially elizabeth,it's all most respectable be Assured!
True I'm here and another poor speller,danielc,but we got have somewhere and dan knows his pennies right Good,Be Assured.
So anyway,naturally I despise XMAS and every day is or should be someding New
but macca888,Feel Free,Join In.I ain't a Waste of Time.
I can look forward to doin d'Convince with ya?
cheers,
jr
Dig for the sake of it.
|
tryhay
Member
Username: tryhay
Post Number: 428
Registered: 09-2005
Rating: N/A
Votes: 0
|
| | Friday, December 15, 2006 - 10:08 pm: |
|
Dug there is no need to concede ~ I'm not looking forward to the paperwork (especially since I ain't done my tax this year) but the competition needs some closure so I'll make an attempt - if you are interested what is the chance of you providing a model approach (not too hard!) and I'll follow along....
I am glad the competition was around, but I found the end of year drama's too much to maintain continuity.
I'm not far off sicophanting about PHK again dug: looks to me that it is soon to finish its retrace (am not expecting it to close the gap as it is getting O'sold territory as we speak) and so I am likely to climb onboard for the next leg up ....
Daily chart: should be getting support from MA soon & if that is demonstrated then time to board it
|
dug
Member
Username: dug
Post Number: 1910
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Saturday, December 16, 2006 - 09:53 am: |
|
Hi tryhay,
The simpliest calculation I can make is by using my Known[to me]Starting Capital,additions to this and then comparing that to Portfolio and Cash on Hand as of yesterday.
I don't draw down from my Trading Account and I don't regularly add to it,either.
Anyway,Capital In totals $21,000;Portfolio and Cash In Trading a/c Totals $27911.86 which is a Gain of 32.9%
I might add that my portfolio is a bit languishing at the Moment.PHK is Down,INL is Down,NAV is still to bring out that Nickel Announce,and III,is on the Depth board to be sold to free Capital,ALU which is my additional[to PHK] Long term position is also gone nowhere as yet so one could say my Portfolio Pos as of Now is not at it's past Levels,but that's all part of the Game,right?
So Tryhay,I don't know if your system for "closure" can use this method but I find having only a Fixed Amount in play and tracking that the easiest method.Especially when you are actively trading,in'n'out in less than a week sometimes,it's a Valid Tax method too.You just have to be able to "work" your Closing Balance of the Long Termers.
but please don't ask me about Tax,you wouldn't seek advice from a defrocked priest,and I'm disbarred Personally and Professionally from Tax!
But it's not my Gain position that brings me Joy,gives me Pride,it's this method I now use.The best bit of Diamonds in a Coal Mine is that anyone and all can use,be told about it and it won't hurt my personal Action/Activity.That's because it generates so many possibilities and entry,at least to me,is by using personal prejudices/experiences from the Past to filter these possibles.
So that's what I'm working on in THIS Competition,Tryhay.Method Development and a 30+% gain in a Qtr. from the Method is points enough to Validate it.
regards,
jr
ps-Can I assume your line "End of Year Dramas",tryhay is you personally and not some admonishment to me having my own POV on Pride?Things would be truly "grim" if it was d'Latter.cheers,jr.
Dig for the sake of it.
|
tryhay
Member
Username: tryhay
Post Number: 430
Registered: 09-2005
Rating: N/A
Votes: 0
|
| | Saturday, December 16, 2006 - 10:48 am: |
|
cheers back to youse
It is the first one dug: trying to fit my faculties into their tight schedule - just too much to do at this time of year (common prob I'm sure).
Everyone seems to row their own boat on this forum dug ~ & I get the impression some like rowing upstream with a head wind - but so be it .....none of my business........
My complication with the competition is to separate my actual trading volume from that discussed in the "real thread" and come up with the component that relates........
I don't accept I won and you are 'dead' dug (>30% growth is nothing to snort at) - but now that hols have started I'll have a go at balancing the books back in my hole.
I hope some others decide to join in the fray. It would be good to see others approach and get feedback from a wider group.
later
PS that is why I have an accountant dug - TAX is one of them topics like religion and politix that dont do over in mixed company .....
(Message edited by tryhay on December 16, 2006)
|
dug
Member
Username: dug
Post Number: 1912
Registered: 07-2005
Rating: N/A
Votes: 0
|
| | Saturday, December 16, 2006 - 11:21 am: |
|
You don't have to double up your paperwork,tryhay,by doing the seperate Posted to Actual,whatever.I have no need of "confirmation" by you,especially if the worked out result is I[me] Win!!.
Pay Attention,you lower class peasants,I Might TEACH you something,but you better fawn and pamper me cos ME,I am d'Greatest!!and You[peasant] better acknowledge ME or I won't tell you the Seventh Duck or anything at all!!
Tryhay,I'm not so Tragic!!I know KNOW what I'm doing,I have no desire to be Impressive,Beat people especially in a Two Horse Race!I'm flat out trying to stay EQUAL so that at least some people can get some Joy from me.
but I'm walking that line again,bordering on being Expelled.Yet these "people" glory in having an Edge while I've purposefully for Decades been right out on d'Edge.If I'm anything,tryhay,it's experienced in Edginess.Seen a lot,been over a lot but I've found no Glory,Respect and especially Adoration.I just Do IT!!
but i dig just for the sake of it and bring what's dug out to these posts.
Maudlin,worse boring,
I'm off,
jr
Dig for the sake of it.
|
|
Subscribe to our FREE
monthly updates
Subscribe to regular Incredible Charts
updates, with new articles on Trading
Strategy, Trading Psychology, Money
Management, Tricks of the Trade,
New Indicators and the Economy.
|
|
|
|
