tradersams blog

So the impact of the Greeks is taking out my positions, slowly but surely.  Been a busy week at work so I haven’t been posting my updates promptly, but I am seriously having to gauge whether I drop all positions, or hang in there.  SXY seems to have fallen so far I would be entering again looking for a rebound… possibly a really bad idea though…

BPTKMB:  I had my position closed yesterday in my warrant position Beach Energy at $1.20 for a 50% loss under System B.  The stop was the exit price on the barrier warrant, which returns the intrinsic value to me in a week or so.  As I bought in at a low price, and the warrant exit price aligned with my stop loss on a System A trade.

You can see how the price fell after exit day in the picture to the right so that stop loss worked well for me – noting that my position size was quite small so a 50% loss is not a significant cause for concern.

MMS:  I closed a position recently in Macmillan Shakespeare at $10.51 for a 1% loss.  This was a good trade in regards to a good clear entry, and the exit was clearly defined.  MMS has been a good share in relation to strong moves, so I may be back in it shortly – let’s see how it pans out.

MVP:  I opened a position in Medical Developments at $0.75 using System A.  This is a risky position due to the greater market moves – although this share has been growing consistently and strongly for some time.  You can see todays movement in the share price  and the dip was fairly strong – however the price seems to have stalled at a resistance level.