trades 24 aug. - 29 aug.

  1. 2,076 Posts.
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    Saturday 22nd stocks held, and open positions that I currently have are -

    long - FET, IAG, RCG, WEB (just a small amount)
    overall increased profits
    sold GXY (even) not travelling strongly and concerns that it might drop when the market oscilates down
    MML - bought and sold twice - playing with small amounts - two small profits..

    shorts - retailers - MYR, HVN, MYX..... added FMG (small amount) - price of iron ore down.......overall increased loss on shorts
    SUL stopped out - loss

    while I am down on the HVN & MYR I am hopefull that they will make some good profits for two reasons
    1. I believe that they are both over valued and will drop when their fy. results come out.....
    2. the market is now at the high levels of its trading band and due to oscilate down

    nothing guaranteed, just talking in what I believe are the probabilities.....
    and if things don't work out I can always join flem swimming with the dolphins at coral bay WA. - joking

    it will be interesting to see how this entry by the 280 truck russian convoy into the Ukraine pans out...... waiting with bated breath.......

    I thought I might post a copy of a check list that I have made up for myself to tick off before making any transactions...... I have made up similar sorts of lists for myself a number of times but I seem to get a bit lax in referring to it...... religiously checking of the list every time I am about to make a trade could avoid costly mistakes at times I think...... the tall skinny list is a separate page in the same window as my chart located on the right side


    Column 1 Column 2
    0 STOCK
    RCG
    1 pe
    14.9
    2 av pe
    11.6
    3 plus 2 for int rates
    13.6
    4 2 mnth trend
    UP
    5 osc ilat trend
    SW
    6 b/s ratio
    1.08
    7 ancmnts
     
    8 analysts
    SB
    9 GK mood
     

    GK
 
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