WealthEsteem.org Psychology of the Deal

Tag: trading

  • NCP Market Commentary

    I’ve been travelling on business. As it turns out I didn’t have a usable internet link. I’m back today as the market closes on NCP at 9.95. Makes me wish I’d sold all the holding at 10.85 last week. I’m still bearish on the longer term and maybe I should be trading Puts instead. I…

  • Sell 920 NCP @ 10.85

    NCP opened at 10.90 (up 0.32) and slid down to 10.79 at midday. The entire portfolio is in profit. But I don’t think things have bottomed yet. So I decided to sell half the NCP holding at a close to high price of 10.85 at 3:00pm. I am overweight NCP and that exceeds the 3%…

  • NCP Market Commentary

    NCP ran up to 10.62 in the first 40 minutes of trade. 10.77 is the price target for the parcel I bought on 25 June. Can it hit it? Maybe. An hour later it’s dipped and come back up to 10.64. Looking good until it stops dead and trades in a 10.58 to 10.60 range…

  • NCP Market Commentary

    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…

  • Buy 5745 ALZ @ 1.40

    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…

  • 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.

  • Buy 950 NCP @ 10.46

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

  • 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.

  • Buy 820 NCP @ 12.20

    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.

  • 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.