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.

Nice profit for two weeks holding. For those who don’t want to work it out it is 6.48% before commissions.

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.

Stop loss set at $1.00. Had to learn that lesson sometime.

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.