Week ending 23June18
Another mixed week this week, with some good fluctuations, which is what I like – slow, sideways markets don’t make for interesting trading.
I placed six trades on Sunday, all taken by Monday night, and 5 TPs hit, so pretty much on target. We did dip a little mid-week, but recovered most of it and ended up 0.8% down on equity for the week on the AUD account. That means we are slightly in negative for the month to date, down 0.2%, although this quarter we are still up 6.9%. For 2018 we are showing a 5.8% gain from 01Jan. While the last 12months is still over 20%, that is down on our 30% target. I’m going to need a superb second half of the year to make target, however I’m still very happy with how all is progressing.
Overall, including the NZD funds, we were down 0.4% for the week, although showing a 8.1% gain for the quarter. Given the AUDNZD is still much lower than the start of the year, overall gain YTD 2018 is only 3.3% so far. Still better than the banks here in NZ, but I do want to make more than that!
Current Margin Used is about 29% of Nav, so well within limits. Overall drawdown is 8.7%, a little higher than what has been for several months, but still in green territory for my risk appetite.
Some gains in the CAD against CHF, JYP, and HKD is something I’m looking for over the next few weeks.
Another mixed week this week, with some good fluctuations, which is what I like – slow, sideways markets don’t make for interesting trading.
I placed six trades on Sunday, all taken by Monday night, and 5 TPs hit, so pretty much on target. We did dip a little mid-week, but recovered most of it and ended up 0.8% down on equity for the week on the AUD account. That means we are slightly in negative for the month to date, down 0.2%, although this quarter we are still up 6.9%. For 2018 we are showing a 5.8% gain from 01Jan. While the last 12months is still over 20%, that is down on our 30% target. I’m going to need a superb second half of the year to make target, however I’m still very happy with how all is progressing.
Overall, including the NZD funds, we were down 0.4% for the week, although showing a 8.1% gain for the quarter. Given the AUDNZD is still much lower than the start of the year, overall gain YTD 2018 is only 3.3% so far. Still better than the banks here in NZ, but I do want to make more than that!
Current Margin Used is about 29% of Nav, so well within limits. Overall drawdown is 8.7%, a little higher than what has been for several months, but still in green territory for my risk appetite.
Some gains in the CAD against CHF, JYP, and HKD is something I’m looking for over the next few weeks.
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
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