It's been pretty frenetic times on the markets lately. The ASX has reached 5-year lows.
Thought it was about time to update my trading diary. Here is a summary of my progress (or equity curve) - which I don't think I'm doing too badly. I do have positions still open, that have yet to break their stop loss.
HSP, SGT and FGL.
Meanwhile the ASX 200 which started at 4969 at the start of the game (7 Aug) closed at 4618 yesterday (about 7%); but dropped as low as 4391 interday.
If you were taking the same losses on your 50k account you'd be down to $46,500 (which is pretty close to the National game average - see below).
Luckily executing stop
losses has proved effective in these hard times.
The leaderboard is changing regularly, and detests to some contestants who obviously buy and hold. If the market falls dramatically, my position increases but if it begins to rise I drop back.
Your current portfolio (live)
Portfolio total $49,143.24
National performance (at close 07/10)
National leader $64,223.87
National average $46,456.89
Your ranking (at close 07/10)
National ranking 2880 of 15682
State ranking 530 of 2961
She Trader
Vicky is trading a notional portfolio of $50,000 testing her strategies and trading plan before embarking on the real thing. You can read her bio here and view the trading plan here.
Although based in New Zealand she prefers to trade the ASX, generally holding shares from days to months.
Vicky is a mum and also works part-time in a busy publishing company, so fits her passion for trading around these other commitments. (Trying to prove it can be done!)
Using the name, Shetrader, Vicky posts regular trading blogs so you can follow her progress and decisions surrounding her trades.
