Doing a lot better but not quite sure why
by, 30th-August-2015 at 09:51 PM (570 Views)
In the last 19 months investing or gambling really has gone well though luck seems to have played a big part in that - maybe little good fortune for 5 years may just be that, luck returning.
One improvement has been taking losses more quickly, might just be nervousness though hopefully a good bit more than that. Ignoring sudden jumps in stock prices has helped as jumping in often means sitting on losses and having a portfolio of losers - selling losers means you have none or very few.
A timely moving of A$s into US$s helped a lot though should have moved C$s to US$s as well, still it's worked out well. May move back into Aussies and quite soon.
Even won the ASF stock competition and runner up the month following - nowhere in the 9 years before that. Punted a lot on the stocks and sold out at the top - unusual for me.
Gradually adding to gold stocks but carefully and a few other miners. Keeping a lot of cash as markets are stressed and putting too much cash in transfers the stress to me and sleepless nights follow.
Stopped taking short and long positions about 4 months ago and pleased about that as recent market moves show what a gamble that is now.
Take care my friends as aimless investing will bring us down easily and recovery is always difficult and financially painful - good fortune noi
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