Sorry Quakedog, that's tough. My low risk share only portfolio is down 6%, medium risk instalment portfolio is down 16% (Thanks IMP), and our high risk wine & champage portfolio is 50% gone thanks to TOPDWN. I've just bought a 5l red called Black Box or something. It must be good cos it's got a big picture of a tuxedo all over it.
I have gone long on over 30 stocks since the first correction in feb. Since 24 July, ie. over this correction phase I have lost R35K. Nonetheless, I am still up 7.41% for the 5 months. Downside, I am now fully invested, with whatever's left in the kitty going to the MTN offer (yes, I's black). I thus have no possibility of lowering my average costs on the underlying, just have to close my eyes and wait. I have decided, now that I am fully invested and have committed to go long for 3yrs min, to not watch the market anymore.. until I have more cash, then I'll start paying attention again in order to find points of entry. Lets hope the Bull rears its horns sooner rather than later. So Long. Till Springtime then...
As I said, I'm outa here. Will continue with my equity account at Absa. Lucky to get away with with small loss, but warrants also took up to much of my time. Still 30% up on my shares account. Will miss the chat forum though, had a lot of fun and learnt a lot !!
I only trade warrants in my SFM account. Started with a small amount which I gracefully donated to Hanz. As I also mentioned, it takes up to much of my "business" time. BUT, geeeeez, it fells like I am loosing my family !!!!
hey CE, sorry to hear about the unfortunate run mate. guess it's time to focus on that cash cow called IT. cant say I had much success on the warrants myself. switched into instalments for the near term, as the market is too darn volatile coupled with the time decay, for my liking (and bank balance). keep strong and maybe see you around here again in the future.
40% of my capital....75% off the high so far this year...it was a very good year until now! Broke all my rules - traded a tip. Did not trade my system. Piled in too much $$ on one trade. Did not set a stop loss. Then the dreaded margin calls!!!!