Current Open Positions

[Iron Man]

Im back

 

[nomore4s]

WES trade exited at $18.30

WPL trade may be exited today as well, but the stop has been moved to b/e ($38.49) and I might just let the market take me out of this trade.

 

[nomore4s]

WHC exited @ $1.615

WPL exited @ $39.15 - Still like this one but looks like it might fill the gap now. Will look to re-enter at some stage.

Just managing my risk atm, market looks like it is starting to roll over.

 

[Iron Man]

Good Observation nomore4, market here and US hit strong resistance points. Taking some profits of the board. I missed the great rally and the stocks that I had open did very little.
Traded CBA intra afew times and NAB on Friday. Today traded RIO buy @ 57.63 sold 58.28- took 64 points. Peferct entry and exit 8/10. It then rolled over and kept falling. I am still learning about sell and go short at the same time so I only watch the fall. The drop was 130 points. I searched for news but couldnt find any. I assume something to do with the chinese?.

 

[nomore4s]

Short RIO @ $56.29 x 100 w/stop @ $59.43

If there is no follow through today defensive action may be taken.

 

[nomore4s]

Damn, WES is in the green, lol

 

[nomore4s]

PDN stopped out @ $3.36

 

[Iron Man]

OST short 2.34 yesterday.

Sold at 2.15 before crazy rise.

market is strong but not going anywhere intraday.

Its always the day before the rise is the best to get in lol.

got some nice mining stocks on good patterns.

PAN @ 1.17

 

[nomore4s]

Got lucky with MCG today. Cash offer of $2.50 per share made.

Have closed the trade @ $2.28. Not a bad 3 day trade.

 

[nomore4s]

Got another 2500 SRL today @ $1.27 - might live to regret this one.

Now have 5000 @ ave price of $1.31

 

[Sean K]

Lets hope that support holds.

Fundamentally, this is an absolute no brainer imho, so all I will be doing is topping up. Holding just a couple more than you at the moment.

Nice work on MCG. Bastard!

 

[nomore4s]

WOR stopped out at $18.30

WPL re-entered @ $38.75 x 150 w/stop @ $36.99. Lower percentage play based on gap fill but has given me a low risk entry.

 

[nomore4s]

What's the go with TLS today, up and down like a yoyo. Was nearly stopped out before prices shot back up to over $3.20 now back down at about $3.13

EDIT: Dammit, second parcel of TLS stopped out @ $3.09, have to decide on what to do with the 1st parcel now.

 

[nomore4s]

Back in WES on open @ $19.29 x 300 w/stop @ $18.24

Bloody moron - should never of exited the first parcel. Trying to second guess the market - lesson learnt - trust my damn stops.

Add WHC to that list

 

[nomore4s]

RIO short stopped out @ $57.58

 

[Iron Man]

OST short 2.34 yesterday.

Sold at 2.15 before crazy rise.

market is strong but not going anywhere intraday.

Its always the day before the rise is the best to get in lol.

got some nice mining stocks on good patterns.

PAN @ 1.17

 

[nomore4s]

Exited TLS today @ $3.04.

Pretty disappointed with myself over this trade, let a good trade turn into a **** trade. Got caught up in the market mood when the trade was for a bounce but I started trading it like a trending stock.

Made some pretty basic errors in the last week trying to pre-empt the market instead of just letting the trades play out as per the plan. And getting it wrong everytime.

 

[Sean K]

I thought TLS had more in it, and it still might, but I'm with you. Let's face it, TLS is a turkey!

 

[nomore4s]

I agree that TLS might have more in it which is why I held on to it for too long.

 

[nomore4s]

SRL got smashed on the close today