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Current Open Positions

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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
 
Few more stopped out

UGL @ $9.94
NAB @ $21.60
 
2 more stopped out today

LYC @ 47c
ENV @ 47c
 
SUN stopped out @ $6.15

Trade taken

WPL short @ $40.20 x 185 w/stop @ $42.05
 
I'm out of SUN and IPL today.

Breakdown across the board looks ominous. If the XAO breaks 3700, I'm completely bailing.
 
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.
 
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.
 
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.
 
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)
 
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!
 
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.
 
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.
 
Stop & reverse on WPL short.
Exit 185 @ $41.989974 ave

Now long x 200 @ $41.989974 ave
 
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
 
Another trade today

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

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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
 
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
 
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