Current Open Positions

[nomore4s]

Dom taken off today dammit,lol

 

[Sean K]

Shame. I'm still in two minds on very short term trading and more longer term trend following on fundamentally good stocks that you buy when undervalued. Short term is obviously safer in saving your capital, but I've experienced and seen the really big gains by stock picking. YT was a good example of that. So, I'm still doing both at the moment, hoping to save capital on the one hand, but also pick the outliers that turn you into a trillionaire...

 

[nomore4s]

PDN stopped out @ $2.94 this am

 

[Sean K]

Any particular reason you chose $2.94 nomore4s? I assume a % loss target? What are you using?

Looks like good horizontal support at $2.80 ish, which at that time I'm looking at adding to my position. Breaking that clearly and I'll be out.

 

[nomore4s]

Kennas, my stop was actually $2.95 but had a bit of slippage.

It was b/e for the trade that's all, PDN is still on my watchlist but due to it not getting on with it I moved my stop to b/e especially since PDN tends to gap around a bit.

I've been pretty aggressive with my trailing stops in this market especially on long trades, has probably cost me some profit - hence why I can't get a decent run atm - but it has also protected my capital and what little open profit I've had.

 

[Sean K]

Since the markets trending down are you loosening you short stops? That might have been a good plan ecently and something to incorporate into the future. ie, what is the longer term trend? If it's down, tight stops on buys. If a sell, loosen a tad... ?

 

[nomore4s]

Current open positions.

29.01.09 - CTX @ 8.30 x 385 w/stop @ $8.92

29.01.09 - WPL - short @ $34.85 x 200 w/stop @ $33.51

11.02.09 - MND @ $6.05 x 1000 w/stop @ $5.80

12.02.09 - TTS @ $2.73 x 2500 w/stop @ $2.75

 

[Iron Man]

nomore4s I have a copy of your spreadsheet that you posted.One question I have is how do you process your shorts?.

Cheers

 

[nomore4s]

I just reverse the prices and highlighted in red, not ideal I know but I only use the spreadsheet for this blog, I actually use Stator for my proper trading stats and results.
This portfolio is not my complete trading portfolio.

 

[Iron Man]

how are you finding Stator ? BTW CTX is going gangbusters. I got back in last week

 

[nomore4s]

Stator is very good although I don't use it to anywhere near its full capacity.

CTX is going well atm.

 

[Iron Man]

Well done on MND - The question I have is what made you buy it?. As it was going sideways?.

 

[nomore4s]

I have been watching MND for a while having already brought a half parcel for my long term portfolio. I noticed that any time price went near $6 it showed very good strength so when I had a chance to buy around that price I did.

I also had done some basic fundamental research when I brought for my long term protfolio and had a feeling MND half year profit could be ok.

Now to try and hold on for the 30c d/e

 

[nomore4s]

Short on BLD taken on open @ $3.05 w/stop @ $3.29 x 1350

Short on NUF @ $9.42 w/stop @ $9.96 x 500

 

[nomore4s]

Damn, stopped out of CTX @ $9.70, was going to move the stop up to $9.85 tonight . Wonder what has caused the big sell off?

 

[nomore4s]

WPL trade closed out @ $33.50 on the close.

 

[Iron Man]

I bought CTX again @ 9.77 and sold yesterday @ 10.33. The only reason I could point to is that it got close to prev resistence level after a nice run up and a bad day on the ASX.
I sold because I needed to patch a hole in my account. I have been trading poorly for the last two days.

 

[Iron Man]

I am also short BLD @ 2.98 x 1000,today, this was a limit order I must have place about a week ago?. I am glad you did too so there must be a reason?. I am long AND and Short SEK today @ 2.37. I blew SGX yesterday for B/E as it was not going anyway and missed todays rise.

 

[nomore4s]

I have taken a trade in SSM x 10,000 @ 25c but it will not be included in the NRG trading portfolio as it was taken outside of my trading rules for that portfolio.

SSM has been taken into my higher risk longer term portfolio and am looking for a eventual move back towards 50c and will hold to see how it pans out - especially while it is still paying a d/e.
Obviously this is a high risk play and I could end up doing half my dough and the d/e could get slashed as well.

If it can maintain a 20%+ yield I will be happy.

 

[Iron Man]

SSM - you are a brave man Gangadin. I can't see any reason than bottom picking to buy without some setup. . a better buy if it goes sideways some before breakout or reversal.Good luck you will need it!