well feb was the first month i've gone backwards since earlier last year. got within about 1% of breaking even then it all fell apart.
the second day of the big falls earlier in feb i cut a fair few positions and bought into a bear fund to hedge the remainders until the dust settled and the direction was clearer to me. I kept it for 3.5 weeks until it started itching too much and sold it 3 days ago. i successfully picked the tops and bottoms of that 3 weeks. It pretty much wiped out all gains and then some that i made in feb. in hindsight if i had just held on through the fall id pretty much be back to square.
One positive that has come from bloody February is that i cut all my stocks that i wasn't whole heartedly sold on. Complacency crept in over the bull spec market we had second half of last year and i had some dog poo on my shoe that needed washing. Secondly since i had less stocks to concentrate on i noticed that a few of them were playing funny buggers. They would be sold right down to support then instantly have buy bids above that last price and sellers higher. I don't know if it was coincidence, bots, or a broker just playing around but i started putting in bids right on support then selling them just below resistance to catch a free ride off whoever/whatever was playing around with the SP. It's a new trick i hadn't tried before and i was only making 5-10% each time but they add up in the end so i suppose thats one positive from february. Has anyone noticed this type of behaviour before? both of the stocks that i noticed this happening are reasonably illiquid stocks in strong uptrends and pretty low HC action. As in not too much hype.
anyway hope others had a better feb.
thought id have a ramble while waiting for the babysitter to show up.
cheers
- Forums
- ASX - Short Term Trading
- XAO
- Short Term Trading Weekend Lounge: 2 - 4th Mar
XAO
all ordinaries
Add to My Watchlist
0.09%
!
8,841.9

Short Term Trading Weekend Lounge: 2 - 4th Mar, page-16
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
8,841.9 |
Change
8.300(0.09%) |
Mkt cap ! n/a |
Open | High | Low |
8,833.6 | 8,856.4 | 8,829.6 |
Featured News
XAO (ASX) Chart |
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
Dr Michael Thurn
CEO & MD
SPONSORED BY The Market Online