tradersams blog

BRG:  I closed my position today in Breville at $4.26 for a 6% profit under System B.  The exit is unfortunately well off the peak about 3 weeks ago (these are weekly charts for System B), giving up a nice bit of the profit – remember it’s not about picking tops and bottoms though..

Anyway, taking into account the original entry, and the pyramid entry, this is a very nice trade!  Note that the 6% profit does not include the original entry, as that was taken before I returned to my blog – so that would be cheating.

CMJ:  I closed my position today in Consolidated Media Holdings at $3.20 for an 8% profit under System B.   If you look closely at the few bars prior to the close the share appears to be forming a broadening triangle, so I suspect there might be a significant move here shortly.  I might keep this on the radar, and see what comes next for this one.

Again, as for the BRG transaction above, this is a very nice trade, taking into account the original breakout followed by the pyramid entry.  I’m very happy with this one also 🙂

As for the one above, the 8% profit does not include the original entry.

The exit is unfortunately well off the peak about 3 weeks ago (these are weekly charts for System B), giving up a nice bit of the profit – remember it’s not about picking tops and bottoms though.

BHP:  I have opened a short position in Broken Hill Pty Ltd today based on a System B entry.  I have entered this position when BHP was at a price of $32.17 using a short option position for leverage.  Similar to my warrant positions, it’s quite small in order to manage the risk.

The option expires in about a month so if should track closely to the actual value of the trade.  The value is in the money, but only just.  Lets see how we go.