2011 performance

All Ordinaries

The weekly candle chart above clearly shows the difficult trading conditions that existed in 2010/11 and the first few months of 2011/12.

Last year 2010/11 saw a gross trading profit of 3%. When expenses are deducted I made a slight loss on share trading for the year.

The largest loss was caused by Hastie Group. This was an example of when stop loss orders do not work. My stop loss was missed as the shares went into suspension at about 92 cents and opened on re listing at 27cents. This trade was painful and counted for the largest percentage of my loss for the year. This was a security specific problem and not related to the general adverse market conditions.