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Dec 20
Sunday
Stocks, The Inflationist Challenge 2009, TheInflationist StockPicks

TheInflationist Weekend Summary: 201209

Our last weekend summary was a month ago - since then markets have gone up about 5%. It is humiliating reading through previous posts shorting so eagerly at every alternate post - we fired shorts when Dow was at 9980, 10200, and finally 10520+10540 (hooray!). Our topside heavy approach and day-trading makes up for our 5% margin of error, keeping our portfolio value now at $107852. Shorting against the tide feels like bailing water out of a leaking boat - we are keeping afloat even though markets are 5% higher from our initial (short) position. We will keep our shorts and hope to ride this down to retest the lows.

tradesummary201209
tradesummary201209

We realised $10350 in trading profits, cash in bank slightly down to $34341 with our purchases of Beach Petroleum, Australian Agriculture Company and Minemakers. Unrealised trading losses stand at -$5586. Our stock portfolio is valued at $68747 (cost of 59705; up 15%)

Our plan next week:

  • lighten up on shorts - aim to close our Dow shorts from >10500 to realise some profits and deleverage.
  • Take profits in our stock portfolio if markets rally.

For new readers, we started the year with $40000 in our no holds barred trading challenge. Every single trade we have made since then have been recorded LIVE. Traders are permitted to trade in anything - as long as trades are recorded live and prospectively (ie NO DAY TRADES as these trades are impossible to verify and are of no use to other readers).

Join us trade -together we will take on the manipulators who trade without any accountability.

1. Register

2. Go to “My Portfolio” (top column of links)

3. Add stocks (search for stock codes using Yahoo here) - for Australian stocks, add (.AX ie dot AX) as an extension (eg: BHP.AX for BHP; WPL.AX for Woodside); enter the purchase price and quantity.

4. For trading indices or commodities, simply click on “Add New” under the “Posts” section in your Author Dashboard (www.theinflationist.com/wp-admin).

Post on 11 November 2009:

This is the final push upwards. Rejoice. Salvation for the bears is near. Just make sure you have enough fuel to take another 10% up. Currently Dow is 10290. Based on the 1937 comparison model, the turn will be at 10500. This, though, will not be THE top based on 1937. Looks like there is one more push up after that. Short term we have revised our shorts. Order to open at 10520 $10/point.

That said, our portfolio remains about the same, thanks to our non-core trading positions, sequential closing of shorts and/or longs

TheInflationist Weekend Summary 20.12.2009
TheInflationist Weekend Summary 20.12.2009

TheInflationist Weekend Summary 20.12.2009
TheInflationist Weekend Summary 20.12.2009

TheInflationist Weekend Summary 20.12.2009
TheInflationist Weekend Summary 20.12.2009

TheInflationist Weekend Summary 20.12.2009
TheInflationist Weekend Summary 20.12.2009


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