Portfolio Update 07/11/09

Investing Period June 1st to July 11th

Portfolio Performance to Date = 4.25%
XIRR = 20% (for a period of 2 months)

Lessons Learn

Portfolio management
1. This marks 2 months of Investing (started on May 12)
2. Etrade Now upgraded to 9.99 per trade. Differences between Absolute Profit lose and with commission getting lesser.
3. 3 stocks instead of 4 stocks seems to be doing better.

Buying
4. Buying only on breakout and on strong reversal seems to be a good strategy.
5. Have to stop buying stocks when it has increased too fast up.
6. Buy stocks on the "bullish accumulation trend", where there is a previous period of strong accumulation. (Riding the wave!)
7. Dont pay a premium for stocks that are too illiquid.

Selling
8. Still do not know the best time to sell stocks. For now, just stick to +20%, or when -8%.
9. Sell stocks on strong weakness and/or distribution

Markets have been bleeding the last two days. Stocks have been freefalling. Invested in two stocks that could have a quick turnaround in this apparent downtrend.

MR




high volume on long white candle, decreasing volume on decreasing prices.




very thinly traded. less bullish due to the dark cloud cover.

17-Jun-09	-2,338.68
17-Jun-09	-2,311.40

1st month of Investing!

Monthly Update

12 May 2009 - Buy ERII @ 7.81.
14 May 2009 - Buy TNDM @ 26.7
18 May 2009 - Buy WATG @6.53 28 May 2009 - Sell WATG @ 7.55 (+15.6%)
21 May 2009 - Buy Thor @ 27.30 21 May 2009 - Sell Thor @ 26 (-5.6%)
22 May 2009 - Buy QSII @ 52 29 May 2009 - Sell QSII @ 29 (-5.8%)
28 May 2009 - Buy LFT @ 27.19
29 May 2009 - Buy PEET @ 25.74

Total Trades = 10 Trades. ($20*10 = $200)
Portfolio Performance to Date = -3.79%
XIRR = 0%

Lessons Learnt:

1. Commissions of USD$20 per trade makes a great significance to overall Portfolio Performance.
2. Need to cut down to holding 4 stocks to 3 stocks to focus more on winning stocks.
3. QSII had an earnings announcement on 29th May. The stock fell 15% instantly. Need to put stop Market Sells during any stock's earnings performance
4. WATG was a winning stock. However, got cold feet and sold the stock too fast. Now its up another 21% (from initial point). Need to find out a good selling system. Currently, using a stop market sell @ latest support level.
5. Buy only on breakouts ( cup and handle) or on strong reversal signs. Buyin PEET was in restrospect a rushed order as I didn't like the feeling of letting money doing nothing.
6. Reduced my portfolio to only 30 stocks as I was looking at too many viable stocks at the same time. The important criterias are
- Accelerating Quaterly EPS
- Accelerating Annual EPS
- Institutional <95%>20%
- ROE > 15%
- High RSI.

Lets see how things go with this.

Finally

Finally!! My etrade account is online.

I'm only going to use one method to account for my portfolio performace - IRR.

May 13th - (USD1,347.17)