Current Open Positions

[investorpaul]

I got stopped out of my BBG at 8.40 yesterday and I also had a short running on WBC (from a while back) my stop was 20.10 and it got to 20.09 (on IG markets) I thought I would be stopped out by the end of the day but it started to reverse and has continued to drop today. That 1 cent has saved me quiet a few dollars so far

 

[nomore4s]

Few more stopped out

UGL @ $9.94
NAB @ $21.60

 

[nomore4s]

2 more stopped out today

LYC @ 47c
ENV @ 47c

 

[nomore4s]

SUN stopped out @ $6.15

Trade taken

WPL short @ $40.20 x 185 w/stop @ $42.05

 

[Sean K]

I'm out of SUN and IPL today.

Breakdown across the board looks ominous. If the XAO breaks 3700, I'm completely bailing.

 

[Sean K]

And while on the issue of selling this am, I was once again fu*ked over by Etrade with my orders not been accepted because it was on a margin account, even though I was simply trying to sell stock I already owned. I've issued a very serious Please Explain and will be moving to another broker (although a pain in the fu*ckin @rse) if the problem is not fixed, because this is beyond unacceptable.

 

[nomore4s]

Kennas you might have to give Etrade the flick if they can't sort those problems out, no point having a broker who you can't actually buy or sell anything through.

Dom @ $4.60 x 1000 w/stop TBA.

 

[Sean K]

It's OK when trading with the cash account, they just haven't got margin lending and IRESS talking. I'm not sure if it will be any different trading through anyone else with a margin account through IRESS. I sent them a WTF! email and have had no response.

 

[nomore4s]

You should really have a look at Mac prime.
* Platform sh!ts on Etrade or Commsec imo
* Margin available if required
* Pays interest on uninvested amounts without having to switch between accounts
* Allows short selling
* Has stops & GSL (very expensive though)

 

[Sean K]

That sounds good, will check it out, cheers.

I like the interest on univested amounts bit. I had about 100k sitting in cash in the margin account earning zero for some time. WTF!! Actually, there's still 50k in there now. WTFF!

 

[nomore4s]

lol, I'm not sure of the current rate but I know it was around the same rate as my high interest account with Comm Bank.

 

[nomore4s]

Trades today.

IPL @ $2.50 x 1750 w/stop @ $2.30
KAR @ $7.45 x 500 w/stop @ $6.83

*Edit*
Also wanted to enter PDN today but it gapped too much this morning, might get another chance at it later.

 

[nomore4s]

Stop & reverse on WPL short.
Exit 185 @ $41.989974 ave

Now long x 200 @ $41.989974 ave

 

[nomore4s]

Todays trades

BMN @ $1.095 x 2300 w/stop @ $0.92
FRS @ $0.50 x 5000 w/stop @ $0.44
JHX @ $4.2688235 ave x 850 w/stop @ $3.85
PNA @ $0.39 x 6000 w/stop @ $0.335

 

[nomore4s]

Another trade today

APN @ $1.46 x 2000 w/stop @ $1.32

 

[nomore4s]

OSH @ $5.46 x 1000 w/stop @ $5.16

 

[nomore4s]

Current results & Open trades as of 30/06/09.

As you can see I'm currently suffering some drawdown. There are a few reasons for this.

1. I've been extremely busy lately and have been finding it hard to devote as much time as I would like to trading and have been a bit lazy managing my open positions as well as I would have liked.

2. I'd taken on slightly more risk (via open positions) then I'd normally would hoping to take advantage of the current market conditions - but due to 1. I probably suffered more than I should have.

3. The general market has stalled somewhat but my drawdown is more because of reasons 1 & 2.

In saying all that my drawdown is not too bad and it was a risk I was willing to take because if it had come off I would have done very well out of it. I also still have some very good trades open and a few that look promising so we will see how the next quarter goes.

 

[nomore4s]

IPL stopped out @ $2.30

Trades taken
BBP @ $0.088 x 35,000 w/stop @ $0.076

INP @ $0.235 but only 1951 filled 8049 outstanding.

Edit: Have now had 5951 filled and 4049 outstanding

 

[nomore4s]

Trades stopped out today.

KAR @ $8.51
BMN @ $1.07
JHX @ $3.9626941 ave
WPL @ $40.70

Trades taken
INP rest of order filled @ $0.23 x 4049
MEL @ $0.495 x 6000

 

[nomore4s]

OSH stopped out @ $5.29