tradersams blog

roc close

ROC: Closed Roc Oil position today for a 3% loss.  Followed plan fairly well, but actually suspect the plan was not a good as it could have been.  The share has bounced off the rising trendline  a few times over the course of the year, and I should possibly have exited a couple of days earlier when the trendline was breached.

Anyway – all in all not a bad trade.

iif close

IIF: Closed my position in ING Industrial Fund today for an 11% gain (down on the 43% it was sitting at a few days ago!).

Anyway – stick to the plan – a profits a profit.  I will continue to watch this share as the volume seems to confirm the price action particularly well on this share – and its my view that the volume confirmation isn’t as strong on Australian shares as I see on US shares.