What have I learnt?


The game closed without much difference from my last update.  Overall I was pleased with how my trading went – obviously still more to learn and skills to refine!

 

In total I made 15 trades over the 14 weeks and my average time in a trade was 18 days.  The broker fees roughly came to about $900, so it does make a large dent in your profits.

 

My total profitable trades were:      $9,031

My total losses were:                          -$1,394

 

After reviewing some of my trades, my biggest challenge to master appears to be closing out of positions too early rather than adhering to my initial stop loss mark.  This happened with PDN, which if held onto would have clocked an additional $4k to my account.  I also did the same with BHP, when I confused the trailing stop with my initial stop loss - stupid mistake caused by lack of attention to the details!  This would have changed the position from a (-200) loss to a profit of over $1000.    Patience is a virtual, they say. 

 

The next game starts in July, until then I’ll be taking a look into some SmallCap companies as they seem to be some big gains in these smaller shares.

 

Here are the stats from the portfolio I had running during the ASX share market game, as at close on 3rd June.

 

Cash on hand                    $21,480.83

Share holding value       $36,208.30

Total portfolio worth    $57,689.13

 

The story concludes:
Profit/Loss to date:          +15%

ASX 200:                               +16%

 

Final  week:
Closed trades:        -  
Open positions at close:     WOW, OSH, LGL

Overall number of Winners:   11
Overall number of Losers:       4


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