Share Picks 2020

Shedite27

PHG wrote: »

I reopened my trading in May.

I am trying to work out my PnL. The reason was I had cash on to the side and thought I may invest XXXX EUR. However that figure was adjusted (thankfully for the right reasons).

How do I calculate my PnL base don the changes? I have bought shares in different months and then sells. e.g

- Buy 1000 EUR share 1 in June
- Buy 1000 EUR share 2 in July. (portfolio size is now 2000)
- Close Share 2 for a loss of 50 in August (Investment size now 1950 due to the loss)
- Buy 1000 EUR Share 3 in Sept (Invested size now 2050 to include the loss and an extra 50 to make it to 1000)
- Close Share 1 for a profit of 60 (Portfolio size is now 2100 but only 10 of it is profit).
- The value of my stock portfolio has probably tripled in the last few months but I never hold more than 5 stocks and usually at equeal weighting.

*** I am excluding TC's above for argument sake and figures are examples not exact.

At the start of next year I have a fixed amount set aside and current PnL will be crystallised so on Jan 1st my total amount able to invest will be fixed and back to 0 PnL. E.g. I have 10k to invest, currently there is 6k in investments and 4k cash to use to buy, so at the end of next year my PnL will be (Account value - 10k)

My Speculative and Crypto have not changed in size since day 1 so they are simple, the above is whats annoying me as I have a bet on with a mate that I could beat the S&P between June and EOY :P

A quick rule of thumb for helping simplify calculations, ignore the shares you invest in. It's just how much you put into your account, and how much your account is worth now, that really counts.

Setting up a CAGR calculator is good for keeping track of how you're doing
https://cagrcalculator.net/cagr-calculation-in-excel/

roosterman71

What's going on with $CRON? Was tipped here some time back and I added to my watchlist. Has jumped in the last couple of days

Nemeses2050

RIGOLO wrote: »

FWIW as fas as I can see peripherals are booming
.. my LOGITECH DEC21 calls were up this week , PLT (Plantronics) another peripherals play are booming, I was a quarter too early to jump on them so missed this fortnights ride. PLT popped considerably on their earnings beat

I have some dry powder going to pick up some CRSR, I know you have tipped them way back but based on LOGI and PLT gaining after earnings beats Im in.

Caveat Emptor : Calling how the market will react to earnings these days is near impossible to guarantee.

Agree it's tough to call post-earnings reaction...i'll hold with a tight SL...:D

I was hoping for a much bigger correction in IT stocks - I have a bit of dry powder too

@Kilboor - good call on upwork

Thargor

Looks like Biden has it, anyone expecting a dump?

Shedite27

Thargor wrote: »

Looks like Biden has it, anyone expecting a dump?

Biden having the presidency but not the senate was the perfect result for the markets, there'll be no dump on account of that (or we'd be seeing it today)

Timmaay

Shedite27 wrote: »

Biden having the presidency but not the senate was the perfect result for the markets, there'll be no dump on account of that (or we'd be seeing it today)

Yep the republicans won't let his cgt reforms pass.

Bob24

Timmaay wrote: »

Yep the republicans won't let his cgt reforms pass.

Indeed. While the dems open the floodgate of liquidity even more! (which will be quite a feat).

RIGOLO

Shedite27 wrote: »

Biden having the presidency but not the senate was the perfect result for the markets, there'll be no dump on account of that (or we'd be seeing it today)

Yeah this market seems to be indestructible, impervious to balance sheets, pandemics, economic shutdowns, rising unemployment, increasing public and private debt.

But alot can happen between now and the inauguration, Im betting heavily on their being a further twist in the tail that will shine a light on some issues that have been ignored for a while.

Good week all round Id say for everyone we survived an epic election with portfolios intact. Have a great weekend everyone.
Looking forward to next week already, who knows we may even get a stock tip from this threads biggest hurler on the ditch.

manonboard

RIGOLO wrote: »

..

I think we did really well this week and the last 2 weeks considering all the events that are happening. My portfolio broke about even the last 3 weeks, which im very pleased with. Scary couple of weeks near the beginning of that period.

I think this bodes really really well for the markets over the next medium term. I'm pretty concerned about the massive unemployment and job losses. I imagine alot of restaurants and small businesses didn't make it through. A consolidation of many sectors is on the cards. That works ok for me financially, as i have some of the larger companies which will likely eat the others up. Though, not favorable for mom and pop!

Ah I know you have beef with Jim because his style of posting is to point out what he finds are other's mistakes. It can be abrupt for our culture to someone to speak as such, however, to me, he has offered some very very sound advice, and clarity many times in this thread. I wouldn't be interested in his stock tips, I find his advice and recognition of silliness in some people's decisions to be worth more. The thread is not short of tips, but definitely could use experienced voices pointing out mistakes and offering caution.

Hope the beef stays silent and everyone just does their thing. It's a good thread, and i hope it stays that way.

jams100

RIGOLO wrote: »

Yeah this market seems to be indestructible, impervious to balance sheets, pandemics, economic shutdowns, rising unemployment, increasing public and private debt.

But alot can happen between now and the inauguration, Im betting heavily on their being a further twist in the tail that will shine a light on some issues that have been ignored for a while.

Good week all round Id say for everyone we survived an epic election with portfolios intact. Have a great weekend everyone.
Looking forward to next week already, who knows we may even get a stock tip from this threads biggest hurler on the ditch.

Its simple.
Where can I put my savings and get a return that at minimum fights inflation? Nowhere.

Sure n26 one of the new banks are charging customers negative interest rates if you have over 50,000, I feel this is just the beginning and other banks are inevitably going to follow and probably with lower thresholds in the future.
Sure the likes of prize bonds won't even fight inflation unless you win big, which is slim

Then for the institutions its much the same, the only place you can get decent returns now are equities, so in the short term equities are safe in my amature opinion. (With the big names)

Anyway, sold Sony this week for a tidy 15% profit, bought redfin. Frustrated I missed out on redfin earlier in the year when someone om here pointed it out, plan is to play this one long term.

dxhound2005

jams100 wrote: »

Its simple.
Where can I put my savings and get a return that at minimum fights inflation? Nowhere.

You can certainly get a return which beats inflation this year.

https://www.cso.ie/en/interactivezone/visualisationtools/cpiinflationcalculator/

OwlsZat

OwlsZat wrote: »

Nice pop on Aptevo Therapeutics today one of my long term holds after they the announced complete remission of a leukaemia patient on their P1 trial.

I feel like I alerted a members club. That's it I'm buying my speedboat. :cool:

Thargor

RIGOLO wrote: »

Yeah this market seems to be indestructible, impervious to balance sheets, pandemics, economic shutdowns, rising unemployment, increasing public and private debt.

But alot can happen between now and the inauguration, Im betting heavily on their being a further twist in the tail that will shine a light on some issues that have been ignored for a while.

Good week all round Id say for everyone we survived an epic election with portfolios intact. Have a great weekend everyone.
Looking forward to next week already, who knows we may even get a stock tip from this threads biggest hurler on the ditch.

Any chance you could shut up with the endless repetition? Its pure cringe listening to you. Id rather hear his take on things than your repetitive crap, you only showed up in here after getting barred from all the politics forums and Trump threads for your deranged ramblings there anyway, anyone taking investment tips from you would do well to go over your post history first and see what you actually are.

Jim2007

manonboard wrote: »

I think we did really well this week and the last 2 weeks considering all the events that are happening. My portfolio broke about even the last 3 weeks, which im very pleased with. Scary couple of weeks near the beginning of that period.

Breaking even means you're loosing. You need to track your progress against a valid benchmark. And most often that should be a composite.

manonboard wrote: »

Ah I know you have beef with Jim because his style of posting is to point out what he finds are other's mistakes.

I post in the hope the people stumbling upon this gobbledygook will not mistake it for investing.

manonboard

manonboard wrote: »

Ah I know you have beef with Jim because his style of posting is to point out what he finds are other's mistakes. It can be abrupt for our culture to someone to speak as such...

Jim2007 wrote: »

Breaking even means you're loosing. You need to track your progress against a valid benchmark. And most often that should be a composite.

He'll appreciate this so.


There are two posters on here that have a very high opinion of themselves, and are likely to clash. Their tone is wrong in my opinion, but some wisdom can shine through, but I mostly skim read their posts. That way you get the best, life's too short.


This is a good thread to pick up stocks to START DD on. A lot of stocks have come good. Is it any better than a monkey throwing a dart... who knows. DYOR.

Bob Harris

Personally I've no issue with Jim's posting - uncompromising as it may be. Talks a lot of sense and worth taking on board. I've pared down my holdings and looking for bigger holdings for longer and am in no rush to buy, happy to read up and track shares for months until getting in if I do.

For the record I can recall two tips one of which was a sector being title insurance in the US - up about 25% since it was mentioned.
The other was Nestle which is flat since. Given Jim's investing strategy of picking few and sticking with them long term it's hardly surprising he isn't throwing out tips every few days of an IPO or a biotech with a good pipeline.

Shedite27

Don't normally do thsi but wanted to dig into what felt like a good week. This is the WEEKLY gain of my 26 stocks :eek:

APPS +48%
LMND +46%
TTD +45%
SQ +28%
NET +24%
SE +18%
STNE +18%
WIX +16%
FSLY +16%
SPOT +15%
DOCU +15%
CRWD +14%
NVTA +14%
PTON +14%
SHOP +13%
OKTA +11%
VEEV +11%
DDOG +11%
PINS +10%
AMZN +9%
PYPL +9%
RDFN +8%
NOW +8%
SNOW +6%
TDOC +5%
TWLO +5%
GDRX +4%

Total of +15% gain for the week. Can we have another election next week please

Treppen

roosterman71 wrote: »

What's going on with $CRON? Was tipped here some time back and I added to my watchlist. Has jumped in the last couple of days

All the green are going into the green. Supposedly pro-legalisation moves in the States on the back of Biden win.

Pity... After 3 years of holding $9 Canopy I'd had enough and dumped at $24 just last week, now it's at $30.
Still though I forgot about Aphria as I was waiting for a break even around $7 ... Seems they've bought a really good beverage brand in the US which has now been granted a spirit licence (they're all trying to get in on the liquor these days) , so I think I'll hold.

That was some 3 year rollercoaster, seems like things have stabilised now with a US reboot, have a few cannabio pharma stocks which are trash so maybe they'll get some wonder drug out of one at least.

I'd say canopy will drop around 20 again so might come back to it

One More Toy

Biden wins, it'll be interesting to see futures tomorrow night

MikeSoys

So with Biden.. he's going to tackle covid, if he starts lockdowns that will impact markets? but he will need to have the funds in place possibly before starting to lockdown regions..mind you now that Trump is out we might not hear as much about covid problems in USA :-)

Bob24

MikeSoys wrote: »

So with Biden.. he's going to tackle covid, if he starts lockdowns that will impact markets? but he will need to have the funds in place possibly before starting to lockdown regions..mind you now that Trump is out we might not hear as much about covid problems in USA :-)

Remember nothings changing before Jan.

Also, the narrative will change with relation to Covid, but I’m not sure actions will change that much (simply because a lot of the decision making seems to happen at a state or at a city level, for exemple I am not sure the federal government could easily impose an countrywide lockdown even if it wanted to, and even if he had wanted to Trump couldn’t really have prevented the lockdown in New-York).

manonboard

Bob24 wrote: »

Remember nothings changing before Jan.

Also, the narrative will change with relation to Covid, but I’m not sure actions will change that much

I think you are right about this. One thing that strikes me is that covid has run rampant through thier society for so long that its impossible to put back in the bottle imo.

I think a narrative change like ignoring case numbers n only focusing on deaths might be successful. Roll out the vaccines to the vulnerable. Show the deaths declining and claim a change in direction. January gets him more time for a vaccine or two aswell. If people stop dying, economy doesn't need to fear so much.

RIGOLO

Lots of permutations to what Biden will do, what he can do and how the markets react.
As they say for any regime change , The King is Dead, Long live the King.

Now that the eulogy is out of the way , lets make some more more money with our investments.

WTF happened with cannabis stocks, we missed a trick there.
I say 'we' because 99% here are sharing tips and helping out, (1% are just a pain in the arse) . I saw a post this weekend where someone said their portfolio just broke even.. thats a poor reflection on this thread if someone who contributes to the thread hasnt made gains in this market in this year, 2 year, 4 year , 10 year cycle. Theres a collective responsibility to help eachothers portfolios , at least thats how I see it ( I know 1% think why would they waste their time on research and give the tip to strangers) .

Anyways the post election cannabis pop was a gift we should have spotted.
Cannabis legislation was on the ballot in 5 states and all passed it. Thats why they all popped post-election 15-40%.
Did anyone get on it ? Perhaps you did and apologies if you tipped it here.
Tuesday night I pulled an all nighter for the count, sometime in the wee hours I was looking at stocks and saw some talk on the potential for cannabis stocks, I made a note in the phone to get on it in the am but in the fog of the next few days I never got back to it. Missed an easy peasy gain.

Anyways not to worry another oppurtunity will be along, lets make sure we dont miss it.

RIGOLO

Shedite27 wrote: »

Don't normally do thsi but wanted to dig into what felt like a good week. This is the WEEKLY gain of my 26 stocks :eek:

APPS +48%
LMND +46%
TTD +45%
SQ +28%
NET +24%
SE +18%
STNE +18%
WIX +16%
FSLY +16%
SPOT +15%
DOCU +15%
CRWD +14%
NVTA +14%
PTON +14%
SHOP +13%
OKTA +11%
VEEV +11%
DDOG +11%
PINS +10%
AMZN +9%
PYPL +9%
RDFN +8%
NOW +8%
SNOW +6%
TDOC +5%
TWLO +5%
GDRX +4%

Total of +15% gain for the week. Can we have another election next week please

Shedite27 ... your full of gobbleydygook ROFL .....

Jim2007 wrote: »

I post in the hope the people stumbling upon this gobbledygook will not mistake it for investing.

Mickiemcfist

TPI composites seems a good longer term play now that Biden has won. They are outsourced manufacturers of wind farm impeller blades & have strong contracts with most of the major players. Jumped 10% on the news, wish I got in last week but I wasn't sure about who'd come out on top.

Stablelad123

Bob Harris wrote: »

Personally I've no issue with Jim's posting - uncompromising as it may be. Talks a lot of sense and worth taking on board. I've pared down my holdings and looking for bigger holdings for longer and am in no rush to buy, happy to read up and track shares for months until getting in if I do.

For the record I can recall two tips one of which was a sector being title insurance in the US - up about 25% since it was mentioned.
The other was Nestle which is flat since. Given Jim's investing strategy of picking few and sticking with them long term it's hardly surprising he isn't throwing out tips every few days of an IPO or a biotech with a good pipeline.

You have to question Jim's long term strategy in this market environment. I've seen some of my holdings go up 200% in a year. My most bullish long term target has been hit on ZM so I sold. Was planning to hold 5 - 10 years. It's all and good have a plan but you can't ignore what the market is giving you. I wouldn't critizice anyone swing trading although trying to justify a HTZ investment is pushing it.

Bob Harris

Stablelad123 wrote: »

You have to question Jim's long term strategy in this market environment. I've seen some of my holdings go up 200% in a year. My most bullish long term target has been hit on ZM so I sold. Was planning to hold 5 - 10 years. It's all and good have a plan but you can't ignore what the market is giving you. I wouldn't critizice anyone swing trading although trying to justify a HTZ investment is pushing it.

AFAIK Jim is retired so his money is made.
He's essentially advising people to look beyond the bluster and headlines when choosing your buys. When NIO had fallen to $2 he was asking the question why if it wasn't a buy at $5/6 why was it a buy at $2? It's a fair and rational question and the fact that it's $40 odd now doesn't make it less so.

Bob Harris

Bob Harris wrote: »

. When NIO had fallen to $2 he was asking the question why if it wasn't a buy at $5/6 why was it a buy at $2? It's a fair and rational question and the fact that it's $40 odd now doesn't make it less so.

The converse is true too (I don't recall the original discussion) if it was a buy at $5/6 it's an even better buy at $2.

Stablelad123

Bob Harris wrote: »

AFAIK Jim is retired so his money is made.
He's essentially advising people to look beyond the bluster and headlines when choosing your buys. When NIO had fallen to $2 he was asking the question why if it wasn't a buy at $5/6 why was it a buy at $2? It's a fair and rational question and the fact that it's $40 odd now doesn't make it less so.

That's the problem, this isn't a rational market. I see no fundamental reason for some of these valuations. If you are a long term holder you are potentially missing out on locking in huge gains.

Some swing traders are killing it right now cause they understand what drives momentum. These factors might change in a few months/years and then the swing traders will disappear. Same happened in 2000.

Bottomline is you can make money in the markets long or short term. We all know that investing LT gives you a much better edge but that's meaningless if you don't have targets in place. I learnt the hard after buying CSCO back in 2000. So much can happen now in a short space of time.

Timmaay

[Deleted User] wrote: »

The converse is true too (I don't recall the original discussion) if it was a buy at $5/6 it's an even better buy at $2.

NIO had a serious cashflow issue back in march, with a crash in sales due to Corona, salaries had to be pushed back etc. That was why I sold my 1700 share stake at the time for 3.50 breakeven, I could kick myself and say I missed out on like a 10x 60k gain, but simple fact my 6k investment at the time was at risk so no regrets.

cronos

Timmaay wrote: »

NIO had a serious cashflow issue back in march, with a crash in sales due to Corona, salaries had to be pushed back etc. That was why I sold my 1700 share stake at the time for 3.50 breakeven, I could kick myself and say I missed out on like a 10x 60k gain, but simple fact my 6k investment at the time was at risk so no regrets.

I guess the question remains if it's a buy now?

Timmaay

cronos wrote: »

I guess the question remains if it's a buy now?

I think right now its hitting the fomo stage, so basically logic is going out the window, it could easily do a Tesla and continue straight up to 50/100$+, but the more parabolic it goes the higher a risk of a serious pullback. So invest accordingly, assume more volatility moving forward, personally I'm largely happy to hold my position but will be slow to invest further yet unless I manage to get in just ahead of a clear cataylst.

One More Toy

Futures open in a few hours, I will be looking at them with much interest

Pelezico

Guys....what you think of gold?

Countries are printing money and gold may be a hedge.

Polymetal making a fortune at present and great dividend.

Skippy along

Talking of NIO doing my returns for CGT i have a loss realised on Boeing and unrealised profits on NIO to off set my CGT should i sell them and buy back in the same day.

Browney7

Skippy along wrote: »

Talking of NIO doing my returns for CGT i have a loss realised on Boeing and unrealised profits on NIO to off set my CGT should i sell them and buy back in the same day.

If you harvest a CGT loss you can't rebuy the same holding straight away. No issue with realising a gain and rebuying straight away to offset against your CGT allowance though

Skippy along

Browney7 wrote: »

If you harvest a CGT loss you can't rebuy the same holding straight away. No issue with realising a gain and rebuying straight away to offset against your CGT allowance though

Great thanks for that one more question could I re purchase after 30 days the shares i took a loss

Bob Harris

Skippy along wrote: »

Great thanks for that one more question could I re purchase after 30 days the shares i took a loss

You can repurchase the same day if you like if you take a loss but not if you use that loss to offset other gains. If you're using the loss to reduce your CCT liability then wait 30 days.

One More Toy

Pelezico wrote: »

Guys....what you think of gold?

Countries are printing money and gold may be a hedge.

Polymetal making a fortune at present and great dividend.

I went long gold earlier this year after being long silver 10 years, let's see how it plays out

Pelezico

One More Toy wrote: »

I went long gold earlier this year after being long silver 10 years, let's see how it plays out

One more I like is Fresnillo.

RIGOLO

Pelezico wrote: »

Guys....what you think of gold?

Countries are printing money and gold may be a hedge.

Polymetal making a fortune at present and great dividend.

WPM (50.53) who report after hours Monday are an interesting play on Gold, Silver and Palladium if you prefer mineral streaming to online streaming . They do mining partnerships , pre buy mineral deposits and then move them on. Their last quarterly report had guidance based on Gold sub 1600, Silver sub 17 and Palladium sub 1900... each of those is currently riding much higher

Jim will be along to let us all know if this is investing or goobledygook.. meanwhile close to 3 million shares will change hands in this stock on Monday by traders, investors, brokers and market makers .

RIGOLO

RIGOLO wrote: »

WPM (50.53) who report after hours Monday are an interesting play on Gold, Silver and Palladium if you prefer mineral streaming to online streaming . They do mining partnerships , pre buy mineral deposits and then move them on. Their last quarterly report had guidance based on Gold sub 1600, Silver sub 17 and Palladium sub 1900... each of those is currently riding much higher

Jim will be along to let us all know if this is investing or goobledygook.. meanwhile close to 3 million shares will change hands in this stock on Monday by traders, investors, brokers and market makers .

STOP! You're only posting now as a pretence to shoehorn in a dig. It's like watching mum and dad Grandad and Grandad fighting.

RIGOLO

Deleted User wrote: »

STOP! You're only posting now as a pretence to shoehorn in a dig. It's like watching mum and dad Grandad and Grandad fighting.

Dude this Jim bloke is a pure hurler on the ditch, Ive seen a million of them in my time, couldnt run a business or turn a market trade if their lives depended on it.

so far he hasnt tipped ANY shares in this thread . ANY ... NOT A SINGLE ONE I CAN FIND ..

We are in the mdist of the greatest BULL run in history and they dude cant pick a winner, or even attempt to.

A once in a lifetime pandemic event and the VIX volatility index hasnt gone below 20 in 10 months and theres not a peep out of him about actually picking a stock to buy into, other than pontificating and trying to sound smart with his after-timing and robbing other posters speak ..

his contributions so far range thru

Jim2007 wrote: »

This thread is the equivalent of an open mic at the local pub -

Jim2007 wrote: »

I post in the hope the people stumbling upon this gobbledygook will not mistake it for investing.

Jim2007 wrote: »

From the back of a cornflakes box! .....

The dude is a classic left hand side of the graph , I was going to say trader but given he dont trade, I cant say that, so lets call him just a left hand side of the graph poster.

All he can do is talk about the left hand side of the graph which is the past...
how about he put up his CREDIBILITY on the line and say what the right hand side of the graph , the future will do, after all thats where the money is to be made predicting the right hand side .

Any fool can say what happened in the past.

I dont see that happening, years of experience running into 'second guessers' like him have thought me hurlers on the ditch never get off the ditch , they just blather on whilst everyone else is out on the field playing the game .

Anyways back to trading, too much money to be made in this market,
Jim will be along to tell everyone they arent investors, meanwhile $6 trillion dollars will exchange hands today , people can make a choice to get into the game or they can join Jim on the sidelines and shout for no team whilst the game ebbs back and forth.

RIGOLO

Skippy along wrote: »

Talking of NIO doing my returns for CGT i have a loss realised on Boeing and unrealised profits on NIO to off set my CGT should i sell them and buy back in the same day.

I assume you are aware that if buy back the NIO that your cost basis for CGT calculations for these shares will not have changed. It will still be the original purchase price pre the sale and rebuy.

If you were to wait 30 days and risked that NIO didnt move significantly and then bought back in , your cost basis would reflect that price and would be used for next years cgt loss/gain caluclations.

I posted earlier about ways (with element of risk) to get around this bed and breakfasting shares at this time of the tax year.

Kilboor

Anyone familiar with DeGiro know when the annual report is sent out? I assume it's at the start of December before the deadline

MAJJ

Kilboor wrote: »

Anyone familiar with DeGiro know when the annual report is sent out? I assume it's at the start of December before the deadline

Real noob here and glad to help for a change.

You will receive two annual reports per year. The first report will be released in December of the current year and will be for the period from 1 January up to and including 30 November. The second report will be released in January of the following year and will be for the period from 1 January up to
and including 31 December.

Kilboor

MAJJ wrote: »

Real noob here and glad to help for a change.

You will receive two annual reports per year. The first report will be released in December of the current year and will be for the period from 1 January up to and including 30 November. The second report will be released in January of the following year and will be for the period from 1 January up to
and including 31 December.

Thanks yes I read this on the report but hoping that report is sent before tax due date Been using Degiro for 4 years but never sold anything until this year

bfa1509

Nice bump for Nextera Energy (NYSE: NEE) in premarket (+7%). When a stock loses I regret investing in it. When a stock wins I regret not investing more. So much regret...

It will be a good few years for renewables. I hope people got in nice and early.

Kilboor

Still holding GameStop. Console releases this week

Timmaay

RIGOLO wrote: »

I assume you are aware that if buy back the NIO that your cost basis for CGT calculations for these shares will not have changed. It will still be the original purchase price pre the sale and rebuy.

If you were to wait 30 days and risked that NIO didnt move significantly and then bought back in , your cost basis would reflect that price and would be used for next years cgt loss/gain caluclations.

I posted earlier about ways (with element of risk) to get around this bed and breakfasting shares at this time of the tax year.

Does the degiro annual tax report have that 30day wait built into it? All it shows is the sum of gains and losses