Supalgo

On open this morning entered 5 positions.
AMI. Aurelia Metals, Gold, Copper, 41000 x $0.585
KDR. Kidman Resources, Lithium, 12,500 x $1.93
RIO. Rio Tinto, Iron, Aluminium, 300 x $83.18
SFR. Sandfire Resources, Gold, Copper, 2580 x $9.59
TTT. Titomic Ltd, 3D Printers, 9650 x $2.54

This soaks up some spare cash sloshing around waiting for a home.
Portfolio size now at 20 positions.
 
Ever try NUGT or DUST?

For NUGT, the decaying channel, the lowest outlier is good R:R.

Dangerous products, high beta.
 

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NUGT & DUST both being ETF's on USA exchanges.
I trade neither ETF's nor via the USA exchanges.
Not keen on ETF's, my experience is their returns are inferior to well picked stocks.
Another thing with ETF's, I found price action is too jerky for my liking, price gapping up & down continually, find this to be uncomfortable.

USA exchanges, never traded as from here (Australia) the brokerage fees are very high plus it just doubles my data fees which I suppose is not too drastic, maybe one day, but atm there is enough for me here to be happy with my portfolio capital which is not of astronomical size.

Will update portfolio spreadsheet at week end.
 
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End of week update.
Not traction yet on new algo, actually slipping back slightly.
Today was last trading day for this financial year. Monday July 2nd is the beginning of new financial year, 2018/2019.
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Row 'f' is % gain from every trade made since inception of journal this year, 78 days ago.
Row 'Y' is % gain from the the starting capital, 78 days ago.
 
Just sold
MIN, 1270 X $14.95 Mineral Resources
KDR, 12,500 X $1.66 Kidman Resources
Both are lithium plays. Getting crucified with these two, bleeding money profusely.
Lithium price has been an utter train wreck lately, who would have thought lithium would have gone to hell in a hand basket.
Bloody well hope this is not the bottom, but can't take the risk.
Falling in love with anything market related is a hard temptation to overcome. Need to replace brain with cogs.
Will update spreadsheet end of week as usual.
 
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Not a spectacular week again with results sliding back a bit more.
Mining very weak and lithium in particular weak so off loaded 4 mining stocks during the week as per posts above, two of these which were lithium positions. Copper also showing much weakness.

Supalgo results to date since implementing about 3-4 weeks ago not the best.
The past week spent the entire week reviewing it as really it is being foward tested.
Back testing can't be done as there is still a large amount of discretionary content to how I trade. Supalgo finds contenders but the last decision of buying is discretionary in part due to the fact it finds so many contenders, I ween out those by using experience.
The algo itself is getting larger, there is now 20 fields of data which it analyses, slowing down the process of running when scanning approx 2500 stocks.

I think I will sit back from buying for the moment, metals is my niche as I have spent hundreds of hours studying and branching into other sectors is proving a bit confusing.
In Australia atm, banks/finance section appears to be the place to be for buying as this sector is just turning up.
However, I'm gonna go forward without haste, I wish to fine tune the algo a bit more prior to jumping in. Takes some pressure off me.

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