Every Monday, Stockhead’s resident day dealer provides us a peek on the highs and lows of his buying and selling diary and hints at what is perhaps coming this week.
Platform used: Marketech
Spherical Journey: A spherical journey is $10 as much as $25,000 after which above $25,000, fee is at 0.02% in and at 0.02% out.
Guidelines of engagement: By no means maintain any positions in a single day (except compelled) and attempt to keep away from any suspensions (if attainable). No shorting.
Monday October 3
A sluggish vacation day at this time and market continues to be open. Was planning to not do something however identical to a drug, I can’t assist myself.
Decide up some NAB and in addition some CBA under $90.00.
Put them each on restrict sells and stroll away and attempt to benefit from the day with household and mates.
CBA rallied first after which NAB caught up and I adjusted my restrict order down to satisfy the market.
After final week’s effort, was comfortable to e-book a $660 revenue.
Recap
Purchased 2,000 NAB @ 28.53
Purchased 2,000 CBA @ 89.77
Bought 2,000 CBA @ 90.04 ($540.00 revenue)
Bought 2,000 NAB @ 28.59 ($120.00 revenue)
Tuesday October 4
I can’t do something at this time, as all of the strikes don’t assist my buying and selling model.
Every part up from in a single day ranges after which we had the speed rise at 2.30pm, which added to the rally.
Hooked up charts on CBA and RIO and you will notice a $3.00 vary in CBA.
Recap
SFA!
Wednesday Oct 5
Once more all the pieces shoots out of the traps larger. Issues like RIOs lastly cool down a bit and at $97 they’re down from their opening excessive by $1.86, and so they maintain falling after which as they flip I’ve to have a go at $96.80, which is sort of $2 off their excessive.
Go away them on a restrict and away they go above $97 and maintain going.
Once more, days like this actually have me sitting on the facet as all of the dancing goes on and all I can do is faucet my foot and never the keyboard.
Up $200.
Recap
Purchased 1,000 RIO @ 96.80
Bought 1,000 RIO @ 97.00 ($200 revenue)
Thursday Oct 6
One other day and it appears like one other greenback retains slipping via my arms. Volumes and day ranges are getting low.
For instance CBA had a variety $97.08 to $96.07 on 2m shares of which 665,000 of quantity went via at 4.10pm.
The fishing rod is out however I can’t discover many takers.
Solely managed two trades at this time and on every one I used to be down by a mixed $500 at one level.
Held my toes firmly within the sand and at last reeled in two income.
Not massive ones however I’ll take all of them the identical.
Plus $340.
Recap
Purchased 2,500 FMG @ 17.26
Purchased 1,000 RIO @ 97.61
Bought 2,500 FMG @ 17.30 ($100 revenue)
Bought 1,000 RIO @ 97.85 ($240 revenue)