Thursday, February 24, 2011

Share Daily Updated: 24/02/11

Initial Fund
15/08/10
$50,000.00
Current Value
24/02/11
$83,093.25
Cash
8403.25
Stocks
74690.00
Total Retun since 15-08-10:
66.19%
Today Australian stocks still are struggling for violence in Libya, costs associated
with a devastating earthquake in New Zealand and downbeat profit guidance.
Below response to a reader's query regarding stoploss:
To be honest, I really took a lesson in stoploss, which would cost me thousands
of dollars in last a few days.
Usually only one or two of shares in my portfolio faced stoploss in the past. In such
case I could deal easily. However this time most of stocks fell below stoploss
I hardly sold any of them in lunch time (This is my only trading hour during a day).
Fortunately it is not a crash. The market will be recovering in the future.
My stoploss will be re-set for current level.
However it reminds me how important the stoploss is.

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