Its very very qwuiet...and a road to nowhere...

Sorry for the lack of posts/content, I've been busier than a one-armed bricklayer in Baghdad, putting/closing trades amongst this current action AND developing a new website for my investment company (still in test phase) .

And if you haven't noticed, I've also made some changes here - wasn't happy with the standard template so went out and modified a Wordpress one and here we are!

In the midst of all this, my wife and I are moving house (going back to soggy Queensland) and planning a loooooong trip - we are driving/riding across Australia, from Bunbury WA to Hervey Bay QLD, about 4900kms. 

We leave on February 1st and will arrive Feb. 10th or 11th. I'll still be trading and online - intermittently, but enjoying the trip nonetheless, because flying stinks!

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500 views and "Trades" page update

It took just over a week to get 500 page-views for Birch Creek Trading!

Thank you for having a look and I hope everyone is gaining an insight. Right now, I haven't closed any trades I have opened since starting the blog, so the "guts" of the blog is yet to make an appearance. Watch this space as I hopefully make only a few mistakes, but lots of profit.....

I've updated the page "Trades" (see the tabs at the top of the blog, e.g. What I Trade,  My Routine) - it now includes a table summary of all trades I have outlined in my End of Week analysis and individual "Magnificent Seven" analysis.

From there you can track if my trading strategies work well or not - I have kept the "tracking" quite simple, with identical capital allocation for each trade: either 1 option contract (exposure to 1000 shares), 500 warrants (assume 50% leverage for total 1000 shares exposure) or 1000 shares.

Of course, capital allocation is a large component of trading due to the "equity at risk" rule. Most traders use 2% total equity at risk: I vary it depending on the inherent risk of the trading vehicle.

My actual trades will differ slightly from the table summary: why?

Because I trade first and blog later! I might in the post-close afternoon analysis give some reasons to trade ZXY, but I may have already performed such a trade myself.

Almost two hours left in the day and XJO is falling - it seems 4800 remains key resistance for the time being.....

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Blog Schedule

Let's get down to brass tacks.




The purpose of this blog is to:

• observe a short and medium term trader make his living
• examine, evaluate and track trades and opportunities
• analyze strategies and previous trading examples
• learn about technical analysis, charting and macro-market analysis
• hopefully, get excited about how a retail-level trader can compete against the institutions that move the market, and the macro factors that are out of everyone's control!

To that end, I'm going to follow this schedule when posting on Birch Creek Trading:

• End of Week Market Analysis, including an overview of the Magnificent Seven
• End of Month Trading evaluation 
• Post-trade analysis of each completed trade (usually that week)

Intermittently, I will post on such topics as:

• Trading System development (I have dozens of different systems I've tested and used!)
• Once or more a week analysis of the best ASX100 and/or ASX300 opportunities 
• Individual stock analysis - please send me your ideas!
• Self-Managed Super Fund trading strategies 
• Using CFD's
• A.B.C Trading (asymmetric/black swan/contrarian)
• Risk and Money Management techniques for different traders and systems
• Personal Psychology - what does it take to be a trader?
• Trading or Investing - is there a difference? What's the point? Can I do both?
• .....and lots more

I hope I can encourage and enlighten those readers who are considering or are actively trading the Australian stock market (or other markets and securities).

I welcome comments and suggestions and will endeavour to respond as quickly as possible.

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