Trading Diary Corrupted

Stuff happened (in an earlier version of the website) and this diary was lost. I’ve rebuilt the trading history from my records (and a backup) but have don’t have all the reasoning. Often on the losing trades that follow there was a day or two when the sell target was reached, but I didn’t have the sell order in because I was too busy. Live and learn.

Buy 1940 NCP @ 15.26

My strategy is to buy at 2.5% off the previous peak close which was 15.66 on 7 January. After that trade the market fell to 15.15 and bounced there for a while. I was preparing a top up order at 15.17 when my team leader came by for a chat. By the time the chat was over the market was back to 15.25. Missed opportunity.

The ride has been chaotic over the last few days. But the profits are good.

By way of clarification I pay $31.90 per transaction through Quick.Broker on a $25,000 parcel it represents less than $0.04 per share (counting buy and sell commissions).

Sell 1940 NCP @ 15.45

After yesterday’s emotional roller coaster it is time to exit and make a considered re-entry. The market opens at 15.55 but it is down to 15.40 before I can get near an internet connection to sell. I place a sell order at 15.45 and go do some work. During that time the market recovers to 15.50 before it settles back to 15.40.

I’ll do some hard thinking but I will probably buy back at anything below 15.40 tomorrow.

Wealth is created between your ears