You may be wondering about the title of the blog and why I haven’t posted a new update in the last two weeks. Well I started updating the portfolio last Saturday and thought I finish it on Sunday. Little did I know that little Oskar Sol decided to join our family on Sunday. Mum and Oskar are both healthy and came home mid week.
Now we are also in the middle of moving house. The boxes are packed and we are ready to move on Tuesday. Whilst I have been day trading during the week, I simply didn’t have the time to update the blog portfolio. I’ll do my best to bring you an update what happened over the last two weeks next weekend. Until then happy trading….
The XJO finished the week just over 1% higher than the previous week. I still think it is just a temporary rise and we will soon see the market declining some more. Last week was a great week to lock in some profits the portfolio had made since I started. I closed 4 positions, which were AMP, ANZ, IAG and WES.
The total realized profit (closed positions) is almost 58,000 dollars, which is an average profit of 48%. I am planning to add this figure to the portfolio as well. You can see the profit of the current positions has declined to just under 16%, which is still not too bad considering all positions have been in the portfolio less than a year.
Back to the transactions for last week:
8th February: Sold 566 WES at 27.25 for a total profit of 54.3%
8th February: Sold 196 WES at 27.25 for a total profit of 6.86%
8th February: Sold 1965 AMP at 6.15 for a total profit of 20.82%
8th February: Sold 2618 IAG at 3.84 for a total profit of 0.52 %
There won’t be any other changes to the portfolio next week. However looking at the ASX 100, I have following stocks fulfilling the sell criteria: LLC (Lend Lease), DUE (Duet Group) and CGF (Challenger Financial Services).
The portfolio as of 12th February is: Read more…
The Australian market edged lower compared to the previous week, but the combined portfolio profit remained virtually the same. The profit fell from 27.80% to 27.25. Luckily we sold three stocks (BOQ, BEN and WBC) on Monday that had bigger falls during the week. There will be further profit taking in the week ahead, with us selling half of our holdings for TOL and ANZ. Both stocks showed weakness over the last weeks, with the low for this week taking out a previous low on the swing chart.
Our transactions for the week ending 20th November were:
16th November: Sell 1198 BOQ at 11.75 with a profit of 4073 dollars or 40.71%
16th November: Sell 442 BOQ at 11.75 with a profit of 198.90 or 3.98%
16th November: Sell 1475 BEN at 8.91 with a profit of 3141.75 or 31.41%
16th November: Sell 586 WBC at 25.90 with a profit of 5200.82 or 52%
16th November: Sell 203 WBC at 25.90 with a profit of 267.96 or 5.37%
For the week ahead I have found more sells according to the HSC rules. WOR (Worleyparsons Limited), OSH (Oil Search Limited) and GFF (Goodman Fielder Limited) all meet the sell rules for Monday. I also would like to mention that the monthly swing chart for Telstra (TLS) turned up last week, making it a buy. However I believe Telstra is going sideways hence not fulfilling all rules.
The portfolio as of Friday 20th November: Read more…
