Category: Trading Diary

I’m stretched for cash at the moment so I look a $0.18 (3%) gain on a 17 day holding. A shame because I wanted to hold it long term. Mind you the last dividend was 13c so it’s like I got the dividend anyway.

CSR.ASX

NCP open $10.05, close $10.12, high $10.26, low $10.01

Another roller coaster.

By 1:30pm it was on its highs.

Sell target is $10.46 or $10,000 worth around $10.17 tomorrow if it doesn’t do much (that’s not likely).

That will give me the 3% return. Hmmm time to rethink, maybe I should sell after a down day?

ALZ is Australand. They are property developers.

At a Freestyler Network meeting in late July, I was told ALZ paid a 3c fully franked quarterly dividend (ex-div 9-Aug) and the stock was around $1.40.

Downside analysis should it become a long term hold:

An annualised 8.57% yield before franking credits.

My overall portfolio is underweight Sydney real estate (I’m bearish on it but I’ve been wrong before).

So stock market exposure to the property market.

Ouch another fall. Maybe I’m trying to learn Dollar Cost Averaging?

I think it is not a good strategy for a trader.

The case for is at Motley Fool.

The case against is at Investopedia University.

Time for another foray. I think NCP has fallen enough to jump back in.

I’ve been trading NCPDP and other stuff without much success over the last month (nor keeping a diary).

I return to a stock I think I know something about.

But my position size is scaled back to $10,000.

Glad to be out with a tiny profit. It will probably jump up a bit, but the trend is down.

It seemed too cheap.

Back from holidays and NCP is down again. So like a moth to flame I jump back in.

On holidays in Queensland and having a losing open position is stressing me.

Sell so I can at least enjoy my holiday.

Plus I can return and trade without waiting for my stocks to recover.