Archive for December, 2009|Monthly archive page
today – close tol short
Comments (2)
tol close
TOL: Closed my short position with Toll Holdings today at $8.41 giving a 5% loss.
As this was a short trade, it was done with CFDs. For me this means a tight stop which triggers off intraday trading, rather than the end of day. Ultimately it works out as a close anyway as the day close was above the stop loss.
As we approach Christmas and the holiday period I am slowly working my positions out of the market, so I wont have much exposure when I come to take a bit of a holiday.
today – close aqp, wan
AQP close
AQP: Closed my position in Aquarius Platinum today at 6.10 for an 8% loss.
Well, I certainly seem to be picking some stinkers at the moment! I just reviewed the entry I made in this blog for the opening – and it sure looked strong. I think I successfully picked the top 😉 Anyway missed the first day after I triggered the stop loss as I was busy on other things (working on a big project at the real job) so didn’t get to review all my positions the other night. This was missed, so the sooner I sit down with Amibroker and set up my favorite indicators the better – and not usign many indicators that should be fairly easy.
wan close
WAN: Closed my position in West Australian News today at 7.65 for a 2% loss.
You can see where the share bounced off my ATR based stop loss a couple of weeks ago, and looked like it might travel up the longer term trendline. It didn’t and both stops effectively went off about the same time – the break of the rising trend, and the fll through the stop loss. Anyway closed now, and I’m slowly winding back as we go into the Christmas break.
today – okn close
Oakton close
OKN: Closed my position in Oakton today at $3.40, for an overall loss of 3.89%.
This has been a predictable outcome as the share made a higher low (light blue sketch), but failed to make a higher high (purple sketch). The share then bounced off the ATR stop loss line, and ended up falling through it yesterday, also falling through the trendline at the same time.
Looking at my post when I pyramided in (here) I was clearly bullish, firing off the three white candles – but I did what I said I’d do – I stuck to the plan.
Issue with this trade – I pyramided in too early. I should have waited for the higher hig, which I did not do – I jumped the gun a bit.
Looks like Oakton is getting set up for a short. I’ll keep an eye – although we might just see some consolidation.
today – open sfh
Specialty Fashion open
SFH: Opened a position in Specialty Fashion today at $1.47. Hmmm… a share I’ve never owned before, and have in fact never heard of…
I selected this position today as it showed up as a high mover on my market heat map today. I pulled up the longer term chart and was able to draw an uptrend thats been more or less in place since February this year… which makes it one of the early ones to break out.
What against it? Well I don’t use indicators much, but I do cast an eye over them now and then. This share is showing declining momentum over the last three months – not unusual given this is happening a it in the current market. That said – I will follow my usual plan, and see what comes out the other end.
As an aside: System A had no new entries this week.
today – aqa open
Aquila Resources - open
AQA: Opened a position in Aquila Resources today at $10.40.
Since the last bounce on the trendline about a month ago the share has moved up quite smoothly. The retracement on friday when the market dipped was not as strong as some other stocks, indicating a bit of strength in this share. The risk is measured to my usual ATR linked stop loss, however the steep trendline may provide some support.
I put a bit more time into Amibroker tonight – trying to get the hang of it. I’ve got a bit of porting to do to bring my various customisations across from Metastock. I’d say this may take a bit of time, so looking to return to full strength in a month or so…
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