I received a call today from 03 9077 1873 claiming to be from Financials Trading Online with a pitch exactly the same as HQ Brokers. I’m not sure if H Q Brokers have pivoted to a new name or a different scammer driving this call. It’s a different scammer from H Q Brokers. It was obviously …
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Emotional Control for Success When Trading Currencies
Guest contribution provided by Forex Traders For many investors, learning the intricacies of investing is a continuing effort that focuses on expanding personal knowledge of the principles involved and on gaining experience at the craft. Unfortunately, many of these individuals tend to be unaware or just plain forget that the most important ingredient for success, …
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Buy 5 BHP March 9.49 Calls @ 0.05
That represents $0.17 x 5265 to close out the position. As these are covered calls I own 5625 BHP against which I write these calls. Since doing this BHP has gone from $9.95 to close today at $8.93 so it’s fallen $1.02 (my average buy price was below $9.95). In the same time I’ve earned …
CSR update
I was reviewing my watchlist and realised CSR has been trading 6.40-6.60 recently. I sold out in November at 5.56. Trading doesn’t always win.
BHPEL down to 0.075
OK, it appears that I have wondered from my trading strategy and am trading on emotion. Yes it is good to take insurance — in my case I did that by buying BHPEL back at 0.105 yesterday to close out my position. I didn’t expect BHP to hit $9.49. For the record I don’t think …
Buy 5 BHP Feb 9.49 Calls
I bought them back at 0.105 (0.005 profit) to close out the position. That makes it my worst option trade to date. I’m out $230 in commissions. Something is going on with BHP and I have no idea. Neither does my broker. I could hold on, if BHP hits $9.49 I get exercised and pay …
Sell 5450 ALL @ 2.02
Hey a fast profit is a good profit. I’m out with a 11.60% gain (before commissions) in six days. I wish all my trades were like that.
Write 5 BHP Feb 9.49 Calls
OK after some needling I’ll blog when I do an option trade as well. Basically all I’ve done since November 2002 is write covered calls on my BHP holding. The deals were 5 December 10.21 BHP Call options Each contract is 1053 shares so 5 = 5265 shares Premium received $0.30 x 5265 bought them …
Sell 1040 NCP @ 10.84
I need the cash for another investment and the sell price represents a 10% gain on entry price of $9.85 so I’m taking profits. I have a sell in for CSR @ 5.63 but I don’t think it will hit this 3% price target today. Don’t you hate it when plans change? CSR was a …
NCP Commentary
I did have a sell order in for my remaining NCP @ 10.46 but I cancelled it. If I’m betting the market will consolidate over the next few days, then NCP should follow. I could sell as insurance but given how long I’ve gone on BHP it doesn’t really make sense. NCP spent most of …