As many of you know, I sold many of my TSXV holdings into November and aggressively called for a short-term bear market into tax-loss selling season (TLS), primarily based on the effect of Euro debt on the markets. Â Putting my money where my mouth is, I sold Evolving Gold and Donnybrook Energy at losses but at much higher prices, giving me the tax-loss and allowing me to re-enter at lower prices in December.
Below is a snapshot of my tax-loss selling candidates performance on Day 1 of 2012. Â I didn’t list these in advance but I tweeted and posted many of them throughout December.
Some notes:
- This is their 1-day performance. Â Take their average price during kill zone Dec 15 – 23 and the annualized gains are massive
- I didn’t buy all of these. Â In fact, waiting for a compliance clarification on trading my past clients [which arose in the middle of TLS but resolved in my favour AFTER TLS was over … Errrr 🙁 ] meant that I lost out on some of the best opportunities.
- My December junior trades were successful in Levon Resources and Focus Metals.
- I have pending positions in Avalon (red), Evolving Gold (green) and Donnybrook (green)
- I still like many of these at current levels … but remaining agnostic and only taking the ones that give me the best opportunities.
- In 2011, I had a 72% win ratio (31/43).
- I credit much of my success to my trading rules, which IÂ posted back in May 2011 …. 10 Rules To Trade Juniors By
Here is the snapshot
Regards,
George
George