{"id":3679,"date":"2023-12-26T12:34:27","date_gmt":"2023-12-26T12:34:27","guid":{"rendered":"https:\/\/economicherald.net\/?p=3679"},"modified":"2023-12-26T12:34:27","modified_gmt":"2023-12-26T12:34:27","slug":"confessions-of-a-day-trader-thanks-wisetech-were-putting-in-a-pool","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3679","title":{"rendered":"Confessions of a Day Trader: Thanks WiseTech \u2013 we\u2019re putting in a pool!"},"content":{"rendered":"

Each week, Stockhead\u2019s resident day trader gives us a peek at the highs and lows of his trading diary and hints at what might be coming this week.<\/p>\n

Platform used:<\/strong>\u00a0Marketech<\/p>\n

Round Trip:<\/strong>\u00a0A round trip is $10 up to $25,000 and then above $25,000, commission is at 0.02% in and at 0.02% out.<\/p>\n

Rules of engagement:<\/strong>\u00a0Never hold any positions overnight (unless forced) and try to avoid any suspensions (if possible). No shorting.<\/p>\n

\u00a0<\/p>\n

Monday December 18<\/h2>\n

Two round trips today, which I have to say were very boring. <\/p>\n

In fact the market is very boring today.<\/p>\n

Small movements, as expected, with Xmas shopping ahead of school holidays.<\/p>\n

Beach nice. Market not so.<\/p>\n

Up $140, thanks to a small surge in BH(yawn)P!<\/p>\n

Image: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n

Recap<\/strong>
\nBought 2,000 STO @ 7.65
\nBought 2,000 BHP @ 49.25
\nSold 2,000 BHP @ 49.34 ($180 profit)
\nSold 2,000 STO @ 7.63 ($40 loss)
\n\u00a0<\/p>\n

Tuesday December 19<\/h2>\n

Everything is on a tear upwards today and had some lower limit orders in but they never really touched the sides.<\/p>\n

Managed to get back into BHP at where they closed yesterday, as they were the only one really lagging behind the rest of the market.<\/p>\n

Things like CBA had a range of $109.65 to $110.89 and RIOs $133.08 to $134.24 and once CBA rebroke through the $110 level, they were away and never looked back.<\/p>\n

Up $220.<\/p>\n

Image: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n

Recap<\/strong>
\nBought 2,000 BHP @ 49.34
\nSold 2,000 BHP @ 49.47 ($260 profit)
\n\u00a0<\/p>\n

Wednesday December 20<\/h2>\n

With the market open for 10 mins and taking yesterday\u2019s lead, I go on what I can only describe as a shopping spree at the Boxing Day sales.<\/p>\n

Five buys in a row, bang bang bang gets me long and then everything lines up to some great profits and even though I miss that in WDS, am happy to cut them and then I have no more watching to do.<\/p>\n

Later in the afternoon, as I awake from an afternoon nap, WTC pops up as a \u2018gone into a dive from the high board\u2019. Amazing. Just had to have a go and after 10 mins or so, I\u2019m out.<\/p>\n

Plus $1,380, which was totally unexpected today, after the last two days\u2019 efforts.<\/p>\n

Image: Marketech
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n

Recap<\/strong>
\nBought 1,000 RIO @ 133.43
\nBought 20,000 RRL @ 2.13
\nBought 2,000 CBA @ 110.96
\nBought 2,000 STO @ 7.69
\nBought 2,000 WDS @ 31.28
\nSold 2,000 CBA @ 111.07 ($220 profit)
\nSold 20,000 RRL @ 2.15 ($400 profit)
\nSold 1,000 RIO @ 133.87 ($440 profit)
\nSold 2,000 STO @ 7.71 ($40 profit)
\nSold 2,000 WDS @ 31.26 ($40 loss)
\nBought 1,000 WTC @ 73.32
\nSold 1,000 WTC @ 73.64 ($320 profit)
\n\u00a0<\/p>\n

Thursday December 21<\/h2>\n

Four more days till Christmas day and today was a running around day for me. Just so happened to be checking prices and WTC did it again. <\/p>\n

A big fall in a rapid amount of time just stood out from everything else and though they continued to fall, eventually they righted themselves and bounced OK.<\/p>\n

Again volumes are getting low, as is my interest and tomorrow being the last trading day, not sure what will happen but presuming, not much. <\/p>\n

Plus $210. Ho, Ho, Ho!<\/p>\n

Image: Marketech<\/p>\n

Recap<\/strong>
\nBought 1,000 WTC @ 73.15
\nSold 1,000 WTC @ 73.36 ($210 profit)
\n\u00a0<\/p>\n

Friday December 22<\/h2>\n

I really thought BHP may go through the $50 barrier level today. Their high was bang on $50 and having got stuck into some, I had them in at a $50.10 limit.<\/p>\n

Also got some CBA as I thought they would go back up to the $111 levels of yesterday.<\/p>\n

However, I needn\u2019t have really bothered as my manic child came through with a $1.98 turn for me and after that I just sold out of the BHP and CBA and stopped watching my phone.<\/p>\n

When I did come back for a sneak peak, I could see RRL had been to $1.22 so at $1.165 they looked good to me.<\/p>\n

Put them back on at $1.18 and eventually they got taken out. Not a bad end to the week, up $1,442, which comes in at $3,392 gross or $2,947 net. <\/p>\n

See you all on the other side of Christmas day. Enjoy.<\/p>\n

Image: Marketech
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n

Recap<\/strong>
\nBought 2,000 BHP @ 49.92
\nBought 1,000 CBA @ 110.50
\nBought 500 CSL @ 281.02
\nSold 500 CSL @ 283.00 ($992.50 profit)
\nSold 2,000 BHP @ 49.96 ($80 profit)
\nSold 1,000 CBA @ 110.57 ($70 profit)
\nBought 20,000 RRL @ 2.165
\nSold 20,000 RRL @ 2.18 ($300 profit)<\/p>\n

<\/span><\/p>\n

The post Confessions of a Day Trader: Thanks WiseTech \u2013 we\u2019re putting in a pool!<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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