Sunsuper option: capital guarantee: cash as cash, not as bonds which may actually lose valueCould you please explain what is meant here by capital guaranteed ?
Yeah, I was also surprised by the falls in Gold stocks
So I'm still left with my four open positions so let's see how they do at EOD but no more circumventing my system. Time to turn of computer and worry about this tonight
G'day all,
Bit of an update on my swing system. As I indicated on Friday I closed last week holding four open positions and maintained those open position into today's open. I opened one additional position today and that was PRU. Here is where I have to come clean about an indiscretion--I'm pretty bloody minded about sticking to the rules of my systems and have been pretty good over the years, if my systems say buy I buy and if my systems say sell I sell...nothing more and nothing less matters. Well getting back to PRU--I entered it today at exactly 0.90. All well and good until I sit down at my computer around lunch time and notice PRU hovering around $1. Oh crap, I'm thinking to myself that's a good run up in price given this morning's open decline and I'm feeling a little nervous about giving up a circa 10% gain on PRU this morning particularly given the size of my trade and the unrealized healthy profit. I'm telling myself do nothing and run the system tonight as I should (it's an EOD for buy sell setups), but I caved in and hit the sell on PRU and bagged a little over 10% profit. I know I should have done nothing and run my system at close today, but I just couldn't ignore the profit given the crappy state of the market. Shame on me, so feel free to strip me of my system trader title and call me a discretionary trader from here on if
Must admit I was very surprised to see today’s recovery—haven’t looked at today’s movements but am very curious to see what stocks lead today’s recovery
Think that’s happened already
. Anyway, the partial fill throws things out a little and commission drag will be a issue on this trade because I only got a small fraction of the quantity I wanted. My system as finally told me to offload AVH, which I will do tomorrow. At close today AVH was down around 8% on my entry.
For the positive, you will notice that if your open order is not closed by you, and get filled tomorrow, you will pay a single commission.Okey dokey...I entered today holding AFG and AVH. I offloaded AFG for an overall loss of 3% on my entry price. I entered three orders today for INA, IEL and AVZ. Only IEL trigger but somewhat frustratingly I only got a partial fill for a small fraction of the quantity I wanted--damn I wish BD would allow the option of specifying all or nothing orders
My system has identified several setup so I will enter five of those tomorrow morning.
The market usually over reacts. I think though that the present price of many companies, especially the banks, doesn't yet reflect the future reality of serious business disruption.
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