EBR free-carry game strategy

Hi Folks

I have been having discussions with Longreach about a EBR free-carry game strategy.

I don't usually play this game with non ASX300 stocks (in my super I pay no CGT) as trading is relatively frequent and if successful CGT will be due. I can trade some underwater speccies to offset the CGT.

To "keep it simple stupid" targets are set. There is a 3 game strategy and a 4 game strategy. Simplified risk capital (Kitty) $5400. Could be double or halved or any other multiple or fraction. Brokerage is excluded from calculations Also I am doing some rounding.

EBR is currently at 63. No games begin until the SP hits 54.

3 game strategy. Kitty 5400. 3 buys and 3 sells
* Buy 10,000 at 54 set sell order of 8,000 at 68
* sell 8,000 at 68 (if achieved) , result is Kitty has $5440 Free-carry 2,000 shares Set next buy order at 44 for 12,400 shares
* Buy 12,400 at 44. Set sell order of 10,000 at 55.
* Sell 10,000 at 55. Kitty has $5,500, an extra 2,400 free carried so total free-carry 4,400 shares, Set buy order at 35 for 15,700 shares.
* Buy 15,700 at 35, set sell order of 12,200 at 45.
* Sell 12,200 at 45,, Kitty has $5490, extra free-carry 3,500 for a total free-carry of 7,900 shares.
Game over for 3 game strategy. return $5490 to your account and free-carry 7,900 shares.

4 game strategy. Kitty 5400. 4 buys and 4 sells (so the same as before with one more buy and sell for risk takers). Also if the 3 game strategy plays out rapidly.
* Buy 19,600 at 28 Set sell order for 15,300 at 35.5 ( if the SP doesn't reach 28 then all you have is the 3 game strategy)
* Sell 15,300 at 35.5 Kitty has $5,430, an extra 4,300 shares free-carry, total free-carry 12,200.
Game over for 4 game strategy. return $5430 to your account and free-carry 12,200 shares.

For this game my buy and sell prices are based on time erosion and bounces.

Not advice just a game to follow, so DYOR

We shall see if the game starts at all, at 54, and then how far it goes down the list of buys and sells.

cheers Lies