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Archive for the ‘portfolio’ Category

I have received a request to continue summarizing my portfolio, so here it is:

Please note that AYR, GR, CRS and FCN are trades from the Sharp1 System, the remainder trades are using my discretionary method.

The following is a list of open positions as of March 27. As per my previous posts I am currently playing short term because I believe the market is only in bounce mode - let’s not forget we are in a downtrend.

I am comfortable with my risk levels at this point as well, note that my maximum risk is 1.5% of my account (last column).

Lastly, here are my closed trades since last week. You can look at all the entry and exit posts by clicking on the "Trades" category. (entry and exit). Again, my gain %  per trade is small but is happening fast, average of 7 days, which is good to me.

Chart of some of my current positions

Between yesterday and today I’ve made my "temporary" shift from the Gold stocks (G.TO, ABX.TO) into the Financial (TD.TO, BNS.TO) and Insurance (MFC.TO)…

My portfolio is positive and I expect more good things for next week. RIO is doing quite well, up 9.6% since my entry (9 days ago). Here is a summary of my positions:

As you note from the table above my risk% of the account on RIO is slightly above my target (1.4-1.5%)… but I can live with it since I’m up 9.6% in the initial entry.

MFC jumped quite nicely this afternoon, I get a good vibe when the position goes in my direction on the same day (and of course) a very bad when it goes against me…

Overall, good week and I’m quite happy about my decision to switch from Brookfield and Wal-Mart into what I have right now (a lot more Canadian content). I still think Wal-Mart will do well….

Now, let’s get some entertaining here… look at what happened after 2pm this afternoon, big spike on a few of my stocks..

15 minute charts

TD Bank

Manulife

Have a great weekend and good luck to you next week.

Thought I should give you an update on my portfolio. I haven’t been making too many changes to it.

Overall my PL is blue and was helped by my positions on RIO and Gold (ABX.TO and G.TO)

I should say I’m still up on Wal-Mart since I sold half of my position at a profit.

Here are the positions I’m comfortable with…

And here’s the one I’m not so comfortable anymore…