What are my strengths?
12.37 pm A minor up day in the market to this point with a gain of 16 points to 5742 although the intraday action suggests we might push higher as the day goes on.
BSL (which has bounced about 60 cents today) has been a salutary lesson, my biggest loser for a long time. I suppose that's how most of us learn and the tentative conclusion I've drawn is to give the medium term book the flick and use that account more for the smaller dollar stocks and short term positions as opposed to medium term with the active book more for very short term stuff.
My strength has always been to identify trends but then trade in and out of them quite actively rather than set and forget.
With that in mind, I've sold half of the remaining BLD as it's up 5 to 696 and will probably exit the rest tomorrow. I think it can break out but I'm happy to jump on if that happens.
I've sold out the last of the NWH at 101 in the newly named small book. I also exited BPT at last night's closing price of 68.5 as despite multiple upgrades the stock has drawn little fresh buying.
I picked the wrong horse in WHA as BUB continues it's phenomenal run although WHA does still look promising.
I've added a long in OZL at 880 as the chart is pretty bullish, breaking out of a pennant with copper very strong.
4.25 pm The market did push higher and finished at 5750, up 24.
I got out of half the OZL at 894 and should have sold it all as it slipped back to 883.
I've bought some of the other copper play, Sandfire, on the close at 575. Nice chart.
BSL (which has bounced about 60 cents today) has been a salutary lesson, my biggest loser for a long time. I suppose that's how most of us learn and the tentative conclusion I've drawn is to give the medium term book the flick and use that account more for the smaller dollar stocks and short term positions as opposed to medium term with the active book more for very short term stuff.
My strength has always been to identify trends but then trade in and out of them quite actively rather than set and forget.
With that in mind, I've sold half of the remaining BLD as it's up 5 to 696 and will probably exit the rest tomorrow. I think it can break out but I'm happy to jump on if that happens.
I've sold out the last of the NWH at 101 in the newly named small book. I also exited BPT at last night's closing price of 68.5 as despite multiple upgrades the stock has drawn little fresh buying.
I picked the wrong horse in WHA as BUB continues it's phenomenal run although WHA does still look promising.
I've added a long in OZL at 880 as the chart is pretty bullish, breaking out of a pennant with copper very strong.
4.25 pm The market did push higher and finished at 5750, up 24.
I got out of half the OZL at 894 and should have sold it all as it slipped back to 883.
I've bought some of the other copper play, Sandfire, on the close at 575. Nice chart.
Comments
Post a Comment