Supalgo

Just now sold/written off COB & LVH, Cobalt Blue & Livehire. (Cobalt play in the Republic of Congo and a labor hire agency)
These were small speccy plays which didn't work out, so dumped both at a loss.
COB 18500 units x $0.218 ea
LVH 12500 units x $0.309 ea
Currently holding 21 positions and up $5051 for the day.
 
On open bought;
GTK Gentrack, 1550 x $6.60 ea Software supplier to utilities, Airports, water, energy
SDA Speedcast, 2500 x $4.07 ea Satellite communications
 
themickey said:
On open bought;
GTK Gentrack, 1550 x $6.60 ea Software supplier to utilities, Airports, water, energy
SDA Speedcast, 2500 x $4.07 ea Satellite communications
More...
From the second I placed the buy on SDA it went against me for the whole day.
Annoying when that happens as I was anticipating a breakout to the upside, instead it hammered me after I bought the top.
Will leave it be until tomorrow and if no recovery will prolly abort the position.
 
Just now bought:
BPT, BEACH ENERGY, 5780 x $1.73, Oil & Gas player
OMH, OM HOLDINGS, 7150 x $1.42, Manganese Mining & processing.
These positions I have played numerous times.
I am bullish oil from this point.
Also OMH which has a PE12 is good value considering it's returns and lack of volatility which is good for longer term traders.
That's now 23 long stock positions holding.
 
Interesting journal, I trade the miners quite a bit, especially AAL, BLT, GLEN, all on the LSE. They tend to be quite volatile, I always check the price changes of BHP, RIO, FMG (up 378 BPS at the moment, 30 mins before London opens), NCM and a few others on the Australian exchange prior to the London open, sometimes gives me a clue as to the direction for the day.

One thing - odd to see the P:L ratio expressed as a percentage.
 
Mo06 said:
Interesting journal, I trade the miners quite a bit, especially AAL, BLT, GLEN, all on the LSE. They tend to be quite volatile, I always check the price changes of BHP, RIO, FMG (up 378 BPS at the moment, 30 mins before London opens), NCM and a few others on the Australian exchange prior to the London open, sometimes gives me a clue as to the direction for the day.
One thing - odd to see the P:L ratio expressed as a percentage.
More...

I thought my journal was or is too boring to most people, however, now I've started am going to continue.
The reason for wanting to continue is to prove to myself more than anything else that my algo is a good goer. Also because from time to time I post all my results I don't wish to be seen to be cheating, hence I post every trade.
However in my enthusiasm of running and 'proving' the algo, I have over committed myself a bit too heavy into positions while the markets I'm following are tanking.
Nevertheless my drawdown is quite low, this weekend I will post all results so we keep this real and a good look at how I'm travelling in a tanking market.
 
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themickey said:
From the second I placed the buy on SDA it went against me for the whole day.
Annoying when that happens as I was anticipating a breakout to the upside, instead it hammered me after I bought the top.
Will leave it be until tomorrow and if no recovery will prolly abort the position.
More...
SDA is suffering from malaise of a generally soft market imo.
Have looked at it closely and it appears it is quietly being accumulated, there are some large funds buying according to market announcements, Lazard, UBS Group, Challenger Ltd, along with this announcement earlier this week...
"Sydney, November 12, 2018– Speedcast International Limited (ASX: SDA), the
world’s most trusted provider of remote communication and IT solutions, today
announced that the company has been awarded multi-year contracts in multiple
countries to enhance existing global services for Schlumberger, the world’s leading
oilfield services provider.
The newest improvements include equipment and network upgrades leveraging
the latest in modem and terminal technologies in countries such as Pakistan,
China, Australia and New Zealand, adding to an extensive list of global network
enhancements awarded earlier in 2018 by this customer. Technology upgrades for
sites in Latin America as well as secure network upgrades and new services
commissioned in the Gulf of Mexico, Southeast Asia, Europe, Middle East and
Sub-Saharan Africa further demonstrate the strength of the global partnership
between the two companies, which have been working together for over 10 years
in the most challenging remote and harsh environments. "
 
As promised here is a total wrap up on trades on this journal, from 1st to last most recent trades and a summary on results.
I began listing on my spreadsheet trades alphabetically, but now am logging them on spreadsheet as per time sequence.
The spreadsheet is updated via Googlefinance/Google sheets and accuracy is +/- 1/2cent.
The first trades began early April 2018, so been going 8 months, during this time the ASX gold index is up 1%, ASX mining up 5% and ASX All Ords down 1%.
My brokerage cost is 1.35% of current portfolio.
Current total result is -2.39% (drawdown) which is about the amount I could make on 1 to 2 days of good market trading conditions.
Pics below are listed first as all my sold positions, then all my current holding positions.
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Just now dumped my position SDA, Speedcast. 2500 x $3.54. Took a loss of $1384.90.
This turned out to be one of my dumber trade positions.
Originally placed the trade on the belief and hope on a breakout which never eventuated.
Upon reflection, should not have entertained the idea, all I can think of is I was living in lala land with that position when placing the trade. Am kinda kicking myself as although it is a stock with good potential, my timing was wrong and I was being a tad too optimistic.
ASX has been open 1 hour and down while portfolio is up $3086 since open.
 
Last edited:
themickey said:
Just now dumped my position SDA, Speedcast. 2500 x $3.54. Took a loss of $1384.90.
This turned out to be one of my dumber trade positions.
Originally placed the trade on the belief and hope on a breakout which never eventuated.
Upon reflection, should not have entertained the idea, all I can think of is I was living in lala land with that position when placing the trade. Am kinda kicking myself as although it is a stock with good potential, my timing was wrong and I was being a tad too optimistic.
ASX has been open 1 hour and down while portfolio is up $3086 since open.
More...
Pleased I hopped out of SDA, it fell 5.6% today, closing at $3.37.
ASX market down today 0.6%, my portfolio for the day up $7823.00
 
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