Current Open Positions

[nomore4s]

Taken a punt on TAM today. This is a very speculative play but it has provided a very low risk entry and very high reward as the target is >$0.055. The risk is I get stopped out early or it trades sideways for months.
If it does move up I will look to add to the position above 4c resistance.

TAM x 75,000 @ $0.034 w/stop @ $0.031

 

[nomore4s]

OSH stopped out today @ $5.114

GNC @ $6.895 x 500 w/stop @ $6.25

 

[beamstas]

Going well

Brad

 

[nomore4s]

NAB stopped out @ $21.97

 

[nomore4s]

CBA stopped out @ $35.70

WPL stopped out @ $37.00

 

[nomore4s]

MIN triggered today.

MIN @ $2.87 x 1150 w/stop @ $2.53

 

[nomore4s]

TOE @ $0.17 x 12,500

HFA @ $0.165 x 12,500

 

[nomore4s]

OGC @ ave of $0.749 x 3,500 w/stop @ $0.67

 

[nomore4s]

MEL stopped out @ $0.465

 

[nomore4s]

HFA closed @ $0.15

 

[nomore4s]

Current open positions.

 

[Iron Man]

CGF @ 1.74
COF @ 1.73
KAR @ 3.70

my account has been boring and sloppy. Didn't keep the trading level up. Had drawn downs and have 11 open positions.
I want to get back to 6 max but most of the shares won't move one way or the other. The interest and commission eating the account.

Any ideas nomore4s?

 

[Iron Man]

With COF I performed my first hit price target sell half and trail the rest execution. Trailing stop has a ATR*2.5. not sure if that too close or too far away?

 

[nomore4s]

MQG x 150 @ $32.39 w/stop @ $29.90
SLX x 650 @ $4.50 w/stop @ $3.99

 

[nomore4s]

my account has been boring and sloppy. Didn't keep the trading level up. Had drawn downs and have 11 open positions.
I want to get back to 6 max but most of the shares won't move one way or the other. The interest and commission eating the account.

Any ideas nomore4s?

I assume you are using CFDs and your account size isn't that big? 11 positions is way too many, if the market moves against you your account will be wiped out.

You need to cut the positions that aren't moving. With CFDs if the stock isn't moving the holding costs are too high and you are virtually holding a losing position. You can always re-enter when the stock does move.

You probably need to sit down and think about some of your trading. With a small trading account you are behind the 8-ball to start with, you need to make the most of your money but manage your risks. I would suggest cutting back your open positions to 3-4 and not opening anymore till the trades are finished.

 

[nomore4s]

STO x 375 @ $16.73 w/stop @ $15.81

 

[nomore4s]

TOE stopped out @ $0.175

 

[nomore4s]

Have closed out the folowing trades

MQG @ $31.50
STO @ $16.35

As they appear to be false break outs

 

[nomore4s]

TSE closed @ $2.12

 

[wanlad1]

Did you set targets for any? as only see stop losses