tradersams blog

A quiet trading day today, a few of my stocks dropped a little today, with one closing 0.5 cents above a stop – so I may have something to do in the morning.

I noticed today David Jones (DJS) making a yearly high, and looking in a healthy trend, but I’ll steer clear for now.  I’ve got enough to watch.

The actual news for me today is that its the end of the financial year.  Its time for me to sit down, review my trades for the year as a whole, and work out what I could have done better – and if what I am doing makes sense.

My initial cut of my numbers shows that I have had a performance of -9.5% for the year -> Yup a loss of 9.5%.  This includes all commissions, transaction fees, data fees, printer ink etc.  My next action is to work out what the funds I was looking at this time last year did, and whether my trading was ‘an intelligent use of my time’.  Of course once I do a crunch of all the numbers this result may move by a point or two, but i’ll get to the bottom of that on the weekend.

System A has not selected a trade in the last 6 months at least – but I’d expect that given its a basically long seeking system in that starts firing in a bullish market.

On another note, once I have finished the rewrite of System A for the US market I expect it to locate stocks like those in this blog from FundMyMutual.  He lists 11 stocks he terms ‘The Untouchables“, amongst them VPRT (something I hold, but not documented here as I’m sticking to Australian stocks in my writings), PWRD and others.

And on to the next financial year!