The markets continue to surprise.  Just when you think this rally is going to end on the back of a few negative days, we have a turn around the rally continues.  Perhaps it is the start of a new uptrend, rather than a bear market rally.

 

I’m still mourning my stupid move to exit PDN – I torture myself by keeping an eye on the price. If I had held, I would be sitting on a $3,800 profit (not the $300 I took).  Ouch!

 

The story so far:
Profit/Loss to date:         + 12.88%

ASX 200:                               + 9%


Cash on hand                       $21,480.83

Share holding value           $34,610.10

Total portfolio worth        $56,090.93


This week:
Closed trades:        BHP  
Open positions:     WOW, OSH, LGL

Winners:   8
Losers:       4

Biggest loss:   $673 (COH)
Biggest win:    $1984 (WPL)

What have I learnt?

Another blip in the charts and I expected it to follow through with a long down trend, but it never eventuated.  BHP fell below what I thought was my stop signal, except I didn’t check my records closely enough. As I’d placed the stop beneath the next lowest point which was actually lower than the JB stop, so I could have left it open. And subsequently it has risen. At least the loss was minimal, and it could have been the start of a market meltdown again.

 

I’ve had LGL since 27th April and it has only slightly increased.  You wonder if it’s worthwhile continuing to hold.  The stop level has only just got to break-even.