Pretty quiet bunch

Hey, you are a pretty quiet bunch. Not a whisper on how you went when the resources dipped yesterday. Not even a mention that Arrow was in a trading halt until Friday. Are you all on holidays?

 

There was no problem here.

I don't know what's happening, but MLT was up 2.3% yesterday and 2% again today, so that made up for the rest of market being a bore.

BR

 

Brenda,

Maybe you should kick something off if you feel the day's events are worthy of our discussions?

 

Perhaps they were too busy buying?

Minor oscillations don't mean much in the scheme of things...

 

Today was great for me as well;
Growth Wise the SMSF Shares are up 27.22% (started 19/6/07)
Growth Wise the Direct Shares are up 8.5% (started again 25/5/07 this portfolio is a bit more conservative though)

Friday

Who knows

Most of the above I'm happy to hold for the meduim to long term as I think they still have room for Growth

 

I had an all green day in my trading account pity my seed account didn't follow its's lead. Still set up for a nice week even if tomorrow is a bit of an average Friday.

 

Hi Bundy

Dow Jones up 82

With your trading account how do you decide when to buy and sell?

Are you watching for breakouts

Do you have preset triggers etc

I'm kicking myself for not setting up triggers on some of my speccies earlier; TTY - Territory Mining took a dive after its bid for Consolidated Minerals, i expect them to return to normal levels in time, but at the moment I'm down about 29% on them (otherwise the SMSF portfolio would be up 56.8% even if i was breakeven on TTY).

 

Redwing,

"I'm kicking myself for not setting up triggers on some of my speccies earlier"

Classical case where TA become very handy indeed !

"...but at the moment I'm down about 29% on them "

Disaster - so far (IMHO)

 

Who's Arrow? Never heard of 'em.

 

Arrow Energy NL, AOE currently up 19c at $2.66.

Maybe the buyers didn't read the announcement of the oversubscribed $128 million share placement at $2.35?

 

Well done

I get the feeling I'm not making the most of this bull run, but I can't complain too much. Better than not being in the market at all.

 

Mostly I follow the dividend yeild play that Rosella has been working on for years ie prices rise when dividend time is getting near. Just lately havent been selling as the prices have kept rising.

I do like buying on the dips, I do stick to companies that have a track record and pay dividends though so there are no Paladins on my portfolio.

No presets for me, I do keep an eye on the world markets to take clues as to what the day may bring localy.

My bigest species so far have been HIL, GUD and BBI. HIL took a 10% hit and has now recovered, GUD I sold for a profit and would of done just as well if not better holding it longer and I have had BBI drop on bad news and chose to ride it out rather than take a loss. Even wish I held onto WES now even with its current dramas.

For me it's mostly leveraging any growth hard till I get to where I want to be so I can then be a buy and hold investor with a good balance to see through market cycles.

 

Thanks..

always interesting to read others thoughts/strategies; I contacted Rosella about two years ago as i found his strategy appealing as well, but never went ahead as i was still chasing IP's (luckily Perth/WA boomed).

Where do find is the best area to locate/research when dividends are due on various companies?

Resources lead market to positive finish - ABC News (Australian Broadcasting Corporation)

Here's an interesing read I found when looking on ABC

 

Gday Redwing
In my opinion trading without a stop is like driving without a seatbelt - while things are accelerating its not much drama, but when the brakes go on you can fly out the window!
Even if you want to make it nice and easy and give the stocks plenty of run, at least put a stop in place at 80% or something, and follow the stop up as the price goes up. No special software required for this, but it can save your profit and more importantly your capital!

I signed up to Rosella's newsletter, $30 for 3 months or something, updates each day. I dont follow his dividend trading strategy (although he seems to have a great deal of success, it is a bit too discretionery for my level of expertise!), but value of him chasing up all the dividends coming helps me when checking whether make any allowances for shares going ex-div, for the price you cant go wrong!

 

Another good day

Growth Wise the SMSF Shares are up 50.77%
Growth Wise the Direct Shares are up 20.1%

Still learning though, so more good luck than good management

How do you set your Stop-Losses

1) Nearest previous price support - trailing or fixed

2) A percentage of the latest closing price

3) Moving average cross-overs

4) Technical Indicator sell signals

 

"Still learning though, so more good luck than good management

How do you set your Stop-Losses

1) Nearest previous price support - trailing or fixed

2) A percentage of the latest closing price

3) Moving average cross-overs

4) Technical Indicator sell signals

ATR
Below today's low
Below yesterday's low
Below 50% retracement of last rally
Below an index day's low or intraday support level
Below secondary intraday support level
Below 15 or 21-day moving average aided by using momentum based indicators + MACD which tells you whether a move is accelerating or decelerating.
Below main support line.
Count back line
ect...
Choose suitable stop loss and test it.

 

I do a combination of "drop x% from purchase price" (and as the price moves up, stop if drop x% from recent high) and "close below x day moving average"