tradersams blog

So the last couple of days have been a bit hectic for me and it looks I have some stops to take out.  Hopefully I can get online and transact them tomorrow.

LSA:  I closed my position today in Lachlan Star under SystemB . The share touched my stop loss on the share and so I was exited.  Looking at the remaining open positions this one may have been worth keeping, as some of the others are not looking at all healthy.  Oh well – drop the losers, ride the winners.  Today this one isn’t a winner.

TEL:  I opened a position today in Telecom NZ today under System A, the longer term trending following system.  I actually missed my entry yesterday and chased price overnight to enter.  I haven’t logged in during the day for a bit and this can delay the transactions.

This share really has a nice slow steady increase – and I just hope it keeps on going the same.

The last couple of days have been a bit unusual – the US and UK markets are not showing strength, but today the ASX made some new mid term highs – a good sign for the next short period of time.  Also maybe even a divergence with these other western markets.