[GlenPeake]

Sure Julian…. I’ll post some details in my journal to keep the Mentor Call Recordings posts separate.

 

[GlenPeake]

Thanks for the update/summary Nick.

I had a few things on last night and dialed in around 7:30 (you may have seen me pop up as username: LeTour)….. but could only stay on the call for about 15mins.

I was going to talk a little bit about my Swing system and some of the tweaks/methods I’ve implemented….. but I’ll save that for the next call.

Cheers

[GlenPeake]

What do others do? I’ll let you know if/when $AVZ.au comes out of its suspension…… lol

But in all seriousness….. I don’t think anyone here would question you if you sold on open immediately after it comes out of suspension….. dropping 50%….. unlikely to do a V shape recover in a day or so…. I probably just ride it out…..and SELL when the SELL signal triggers….take the loss and move on.

As it turns out, it looks like your SELL was triggered yesterday and your selling on OPEN today…. so there’s probably not going to be a huge difference in today’s OPEN price and the OPEN price after the suspension was lifted…..

Can’t really avoid it….. you can minimise the damage by diversification of multi systems….which you’re doing, so the percentage ‘hit’ isn’t going to wipe you out etc…. and the loss only represents a small % of total account etc….

Unlucky mate…..

[GlenPeake]

Thanks for the update Sean…. A nice catch with $EML.au….. Well Done!

FWIW: I was also in $MSB.au prior to the news catalyst and the dump thereafter…. Swings and roundabouts I guess.

[GlenPeake]

re: WTT strategy back in May at $0.505

So near, yet so far……

There will be other stocks in the future that move like AZS….. The market just hasn’t produced that many over the past 18 months…. Hopefully you (we), can jag a few when they do come along.

[GlenPeake]

Thanks Nick…… I like Zach’s style!!!!

Yeah…. I saw Zach’s positions on the ‘Staff Positions’ pages and noticed that he grabbed a sneaky position in the beast that is AZS a while ago. Well Done!

There’s been bugger all runners like AZS in our market for quite some time now, surprised that I managed to finally jag one of these runners in this tough market….. and looks like it’s consolidating nicely (nice big triangle on the daily chart) at these price levels….. would luv to see it clear $3. (Maybe another internal higher swing low pattern to form the 5 internal swings in the triangle….and then break $3)… we’ll see how it plays out.

 

[GlenPeake]

AUGUST 2023

ASX
WTT +13.97%
ASX100 RTN -5.62%
XSO RTN -0.43%
LSS +11.69%

US
MR#1 -2.76%
MR#2 -5.00%
MR#3 +0.45%
MR#4 -14.71%
MR#5 -8.59%

NDX100 RTN -1.86%
R1000 RTN +1.50%

Monthly Total Account: +6.09%

The bulk of the gains in the WTT portfolio are coming from $AZS.au. (Special mention goes to $MYX for its woeful performance yesterday).
The bulk of the gains in the LSS portfolio are coming from $AZS.au and $WC8.au.

The MR4/MR5 systems took +80% rips with losing trades in $CLEU & $RETO, which pretty much dug a hole in the stats. The learning here is, I can comfortably take rips like this and keep placing trades and the bottom line for the Total Account can still be in the GREEN, thanks to the diversification of the suite of systems.

Current Total Account Drawdown situation:

Drawdown Start Date: NOV 2021
Max Drawdown: -32%
Max Drawdown date: MAY 2023
Current Drawdown: -18%

 

[GlenPeake]

Hi Sean,

This should rotate Fortnightly on a Monday and cater for Public Holidays on a Monday i.e. Rotate on the Tuesday

FYR:
Discussed in this series of posts: https://edu.thechartist.com.au/forum/progress-journal/12-nick-radge-daily-journal.html?start=288#9152

////////////////////////////////////////////////////////////////////////////////////////////////////////////
Mon = FirstDayofWeek = DayOfWeek() countMon = Cum( Mon ); // count Mondays
// rotate only on Monday, every 2nd one
EOM = Mon AND (countMon % 2 == 0 );

score         = Ref(Rank,-1);//score is the rotational criteria
Score         = IIf(LE,score,0);
PositionScore = IIf(Year()>=1985 AND EOM,Score,scoreNoRotate);

////////////////////////////////////////////////////////////////////////////////////////////////////////////

 

[GlenPeake]

Thanks for the insight/update Nick. I hadn’t heard of the All Weather portfolio until you started chatting about it.

[GlenPeake]

JULY 2023

ASX
WTT +8.61%
ASX100 RTN 0%
XSO RTN 0%
LSS -0.80%

US
MR#1 +6.91%
MR#2 +13.94%
MR#3 +8.97%
MR#4 +3.90%
MR#5 +2.88%

NDX100 RTN +7.73%
R1000 RTN +2.66%

Monthly Total Account: +5.89%

Have put together an ASX Market Breadth and Hot Sector Dashboard, you can view it here:

https://tinyurl.com/ASXBreadthSectorDashboard

 

[GlenPeake]

Hi Sean,

I ignore the outside ‘noise’ and place the trade and get the OPEN price.

Murphy’s Law (no pun intended) suggests that if you wait post open auction for price discovery to ‘settle’ down, the stock will run higher without you onboard and you’ll sit there saying to yourself “why didn’t I just get in on the OPEN”.

So follow your system and buy the open would be my approach.

FWIW:
If I get a ‘double up’ of buy orders for the same stock between e.g. my WTT and XSO monthly systems flag the same stock, I treat each signal separately and take the trade in both systems. No 2nd guessing, no sitting on the fence, just pull the trigger and be a robot and follow the system.

Cheers

[GlenPeake]

Yep…. keep trading, keep placing those orders and good things will eventually happen.

That’s what separates the amateurs vs professionals…. The amateurs would’ve given up long ago in this market…..

When the good/easier times do eventually roll around, you won’t be doing too much different process/order placement wise, your systems will just be syncing up with the market in a more positive % outcome, then what most have been experiencing over this drawn out period of choppy market conditions.

[GlenPeake]

Chris Thong post=14135 userid=5394 wrote:

What a session for 20/7/23 for the US Market! MOC was travelling nicely then Mr Market slapped me hard on my face and now back to Max DD of 17%. Tomorrow is a new day and keep pushing buttons!!
 

Yep…. was definitely a bumpy session overnight…. Most systems/positions copped a bit of a slap…… you’re not alone on that front.

[GlenPeake]

JUNE 2023

ASX
WTT +10.44%
ASX100 RTN +2.37%
XSO RTN 0%

US
MR#1 -0.70%
MR#2 +6.45%
MR#3 +6.16%
MR#4 -10.91%
MR#5 -8.81%

NDX100 RTN +5.79%
R1000 RTN +1.38%

*** New System ***
LeTour’s Swing System (LSS) +26.20%

Monthly Total Account: +7.12%

NEW SYSTEM: The system is a shorter-term Swing trading system on the ASX, that will ideally add another layer of diversification within they suite of trading systems. I felt like I had a bit of a gap and was missing some shorter-term opportunities in the ASX, that my Weekly/Monthly systems were not able to capture in a timely manner.

I’ve spent approx. the last 6 months, trying different ideas/approaches, before kicking off Live Beta Test Trading in April.For those familiar with the ASX Power Setups on Nick’s website that he offers to members, it’s very much along the same approach.

The main reason for the big % gain in the system for the month is, I caught the move in $AZS.au with an initial position @ 0.405.
 

[GlenPeake]

Sean Murphy post=14090 userid=5450 wrote:

Thanks Glen, my strategy has a bit of your wisdom buried inside it. Certainly a nice trade to kick off with. The backtest for June has so far returned 6.8% with 9 wins and 7 losses. Maybe I should have started earlier in the month?

 

Oh wow….. my wisdom…..?? Now you’re really going out on a limb and testing the waters!!! LOL

[Author]

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