tradersams blog

wsa closed today

WSA:  My position in Western Areas was closed on market open today at a favorable price of 6.00, given I put it in to exit at 5.85 or so… giving me an 8% loss.

Exited well, exited quickly, managed the loss.  Much of the market has been rising in the last couple of days, with this sticking out for not moving with the market.

AQA:  Pyramided into Aquila Resources today for a third time.  Rising consistently and making new highs today.

aqa buy

Will continue to watch, and stick with a stop loss based model for now, as opposed to target picking for this one – it seems to be running nicely.

My nightly review says I was lucky not to lose another couple of positions today, but I have a few sitting slightly above stops – but definitely some running nicely in there.  Just a tad disappointed that I didn’t get back in MOL a while ago!

Anyway, signing off – presentations to give in my real job tomorrow, and rest is important.