Trading Diary: 20 May 2009
- By She Trader
- Published 20 May 2009
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.
I’ve been treading lightly this week, as the market is up and down. The ASX showed an enter signal yesterday, and two shares OSH and WOW also looked good. So have entered both today. Decided to go with BHP as well.
Had a couple of negative days on the ASX200 which threw a couple of my positions past their stop losses, so subsequently sold out. They have since climbed back up – but a rule is a rule. It could have easily gone south.
The story so far for week ending 20 May 2009
Profit/Loss to date:
Cash on hand $9,067.68
Share holding value $46,792.10
Total portfolio worth $55,859.78
This week:
Closed trades: CTX, WOR
Open positions: LGL, OSH, WOW, BHP
Winners: 8
Losers: 3
Biggest loss to date: $673 (COH)
Biggest win to date: $1984 (WPL)
What have I learnt?
To sit patiently and wait, wait, wait until you get signals to enter the market. Don’t try and force beliefs. As far as long term investments goes, from what I’ve been reading, it still has a way to go – most can’t determine if this is a bear market rally, or the start of the new trend.
