Saturday, April 29, 2006

Week 4 Summary

Profit/Loss to Date (closed positions) - $925 loss

This week
Positions closed - 19; Positions currently open - 8
Winners - 7; Losers - 11; Win/loss ratio - 39%
Biggest Loss - $201; Biggest win - $700

If my weekly profit/loss were a candlestick it wouldn't look all that encouraging. Things started off with a bang and send my bottom line back into the black. But after two average days where I closed mostly losing positions it has quickly retreated to near last weeks close.

As well as the massive win on Healthscope, I finally closed out my steady profitmaker Suncorp-Metway. Looking at my statistics though, SUN ended up only improving my balance by $387. Brokerage and interest on a large position becomes significant - in this case it was $54. In fact looking over my 62 trades so far, brokerage costs pack quite a punch. Right now it stands at $1241, which would sound ridiculously exorbitant if I wasn't making money.

Still this is quite a lot considering I only started with $6000. My gross profit is actually positive at $79. A couple of days ago it was pushing $700. It's a reminder that my trading hasn't been poorer than average but that I need to think more about the right time to enter trades. Re-entering stopped out trades costs double in terms of brokerage.

I think it's time to take charge...

14 Comments:

Anonymous Anonymous said...

Hi Andy

Love your blog, came across it the other day and its one of my daily must visit sites. I currently dabble with cfd's but mainly just share trading due to my work commitments. Anyway keep up the posting and good work.

Cheers
Reggie

3:47 pm  
Anonymous forex trading system said...

Good info. Thanks.

Regards,
Stock Options Trader
forex trading system

9:57 pm  
Blogger Emini Day Trader said...

Nice blog. Keep up the good work.

Regards,
Emini Daytrader
currency trading
http://www.daytradingcourse.com

6:53 am  
Blogger kuku fashion australia said...

WOW.. Sweet Fashion! Fantastic topics. Liked it., Thanks for the nice Blog. This is really Fantastic. Enjoy online fashion shopping with us! We are- Kuku fashion Australia, with Kuku, Kuku dress, Kuku dresses, Kuku fashion, Mad Love stockist, Mad Love fashion, Toi et Moi online, Toi et Moi jacket, Toi et Moi online. Thanks for staying with us.

9:56 pm  
Blogger Knowledge Plus Australia said...

Thanks for the Great Post. Knowledge Plus is a Registered Training Organisation. training provider australia, certificate iv in business australia, diploma qualifications australia, elearning australia diploma qualifications australia, training provider australia, elearning australia, management qualifications australia, diploma qualifications australia, certificate iv in business australia and many more Training and Supports.

3:13 am  
Blogger karmaloop code said...

russian gift
matryoshka
nesting doll
russian dolls
russian hat

7:12 am  
Blogger mou liton said...

We are the contractor since 1980 for alternations, renovations and extensions. On our website you find more information and you can request a quotation. aannemer, aannemersbedrijf, bouwbedrijf, verbouwen, renovatie, kosten uitbouw,kosten verbouwing
Thank for the Post.

4:13 am  
Anonymous green products said...

Thanks for the Great Post. We want a Green earth for LIVE, why we need- green home, green products, green product, buy green, eco friendly products, environmental products, eco green products, environmentally friendly products. Thank you for staying with us.

11:51 pm  
Blogger oil change va said...

Nice blog. Try to repair engine oil leaks to keep the environment clean. Thanks- oil change and oil change va

11:28 pm  
Blogger stop car engine oil leaks said...

Nice blog. Try to repair car oil leak to keep the environment clean. Thanks- stop car engine oil leaks and oil change va

3:44 am  
Blogger how to remove grease said...

Nice blog. Try to know how to remove grease and how to clean oil spills va to keep the environment clean. Thanks- fix engine oil leaks

9:49 pm  
Blogger joana lui said...

It is great to observe somebody put enough craze towards a matter. I'm thankful that I stumbled upon this process. I am lucky I used the time to read on past the 1st paragraph. You have got a whole lot to say, very much to offer. I really hope guys understand this and look into your page.


safety deposit box
bank safety deposit boxes
mailbox post
residential mailboxes
gold bar for sale

3:55 am  
Blogger best wedding coordinator washington state said...

Nice Article topics. This is really excellent and fantastic. I hope it’ll be helpful for our readers. We are - Muse Event Planning and Production, LLC is a full service event planning and production company that can accommodate many types of events. From intimate dinner parties to events/weddings for over three hundred, we can handle every last detail. We work as your seattle wedding planner . We have an extensive list of award winning vendors and venues to build a team for our client’s events that will make any event picture perfect and stress free. We are well known as tacoma wedding planner or tacoma event planner . Our goal is to ensure that our client’s event is a reflection of them and their vision. Using creativity, attention to detail and experience in management and bookkeeping, we vow to create a one-of-a-kind event within their budget. We were rewarded as number one wedding planner seattle last year. We demand, we are the best wedding planner washington state . Thanks for your cooperation.

9:25 pm  
Blogger asif ifteakhar said...

Thank you for the great article I did enjoyed reading it, I will be sure to
bookmark your blog and definitely will come back from again.
I want to encourage that you continue your great job, have a good day

north london business opportunities
london networking groups
london business networking
london business group

3:24 am  

Post a Comment

<< Home