Buy 1010 NCP @ 9.85
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.
Sell 820 NCP @ 12.99
Nice profit for two weeks holding. For those who don’t want to work it out it is 6.48% before commissions.
Sell 2602 NCP @ 12.80
Glad to be out with a tiny profit. It will probably jump up a bit, but the trend is down.
Buy 652 NCP @ 11.96
It seemed too cheap.
Buy 1950 NCP @ 12.80
Back from holidays and NCP is down again. So like a moth to flame I jump back in.
Sell 1940 NCP @ 13.34
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.
Sell 1460 NCP @ 13.90
Stop loss set at $1.00. Had to learn that lesson sometime.
Buy 1460 NCP @ 14.90
NCP opened at 15.00 so I placed the order. I am worried that if it hits 14.90 it will keep falling as a key support will be breached. But I’m testing a system and I’ll be in meetings most of the day. Here goes.
NCP Market Commentary 2002-01-14
Ouch! NCP opens low at 15.14 and trades lower spending most of the day below 15.00. The strategy calls for buying more stock if it drops another 2.5% to 14.90 which it nearly did. NCP closes at 15.04.
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 […]