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 For some reason, CSL are marked down heavily from the get-go. <\/p>\n So, my trading book started earlier than normal, as I thought with the USA closed tonight, that surely they will bounce.<\/p>\n Of course, being the manic child that they are, they bounced in style. Their range today was $287.70 to $290 (exactly), which just shows you how important big round numbers are.<\/p>\n This trade set me up nicely for the day and especially after last week\u2019s effort!<\/p>\n Uranium stocks were running hot today, so just had to have some Boss Energy (love the name) and hogged in 5,000.<\/p>\n My other trading attempts were a bit \u2018ow\u2019s yer father\u2019 though.<\/p>\n Up $830. <\/p>\n Image: Marketech Recap<\/strong> A few profit results came out today and both gave me a hard time until eventually they came good, though with RIOs had to double down. They swung by just over $3 today.<\/p>\n SUL was a lot easier but because RIOs have an international following, it can take time to find its level, whereas SUL was more like \u2018bang\u2019 and there you go.<\/p>\n Got into a bit more of a swing in things but my P\/L was swinging around all day, so there was a bit of volatility in the air.<\/p>\n Even the manic child got a look in twice today on the buy side, even if the brokerage is on the high side!<\/p>\n Up $910 today, which needed a bit of patience to achieve.<\/p>\n Image: Marketech Recap<\/strong> Today started out not too bad. <\/p>\n Going along and minding my own business, with some great trading in RRL and then cutting CBA, so I could relax and then BANG!<\/p>\n I was checking my phone and the CBA I cut at $112.29 were now trading at $111.84.<\/p>\n This triggered me off, in what I can only describe, like a mistress on a shopping spree, after you have told her that you can\u2019t leave your wife and then forgot to cancel your secret David Jones credit card.<\/p>\n The buying was fast and vicious and then stunned silence as we all waited to see who was right and who was wrong.<\/p>\n The results speak for themselves. <\/p>\n Instead of bringing home the bacon with a two position trade of plus $680, it turned into the whole pig, with plus $2,200.<\/p>\n Don\u2019t understand the fall. See charts for the whole jackanory.<\/p>\n Image: Marketech Recap<\/strong> A bit of a quieter day today. BHP came out with some results and opened lower.<\/p>\n Went early on them and had to wait. <\/p>\n Not sure about the interest rate outlook and also these Bitcoin ETFs seem to be soaking up a lot of interest and distraction at the moment.<\/p>\n Momentum to me seems to be downward. <\/p>\n If you look at CSL, they had a range of $285 to $282.15 and closed just above their low at $282.81<\/p>\n Keeping my powder dry today and tomorrow, having locked in some good gains.<\/p>\n Up $190.<\/p>\n Image: Marketech Recap<\/strong> Things in the USA are going a bit mad and what with it being a Friday and all of that, I\u2019m only hanging around till midday and going on a long lunch.<\/p>\n Everything comes out of the traps and goes up, though RRL have a bit of a relapse. <\/p>\n I like trading them as you can gear up a bit more than normal, size-wise, so you only need a 1c turn to make it worth your while.<\/p>\n See their chart, as it looks like I wasn\u2019t the only one going on a long lunch. As for CSL, over A$300m worth went through in the day and CBA traded over 4m.<\/p>\n Now just have to wait till Monday morning to see how things fared overnight.<\/p>\n Anyway, up $500 today and $4630 gross or $3,898 net. Sure makes up for last week. Bottoms up!<\/p>\n Recap<\/strong> <\/span><\/p>\n The post Confessions of a Day Trader: $2200 in a day? That\u2019s gold, that is!<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Monday January 15<\/h2>\n
\nImage: Marketech<\/p>\n
\nBought 500 CSL @ 288.04
\nSold 500 CSL @ 288.84 ($400 profit)
\nBought 2,000 BHP @ 47.24
\nBought 5,000 BOE @ 5.40
\nBought 2,000 WBT @ 3.49
\nSold 5,000 BOE @ 5.51 ($550 profit)
\nSold 2,000 BHP @ 47.18 ($120 loss)
\nSold 2,000 WBT @ 3.49 ($0 profit)
\n\u00a0<\/p>\nTuesday January 16<\/h2>\n
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 2,500 SUL @ 15.92
\nBought 1,000 CBA @ 113.38
\nBought 1,000 RIO @ 127.11
\nBought 2,000 WTC @ 71.60
\nSold 2,500 SUL @ 16.04 ($300 profit)
\nBought 5,000 BOE @ 5.45
\nSold 2,000 WTC @ 71.71 ($220 profit)
\nSold 5,000 BOE @ 5.50 ($250 profit)
\nBought 500 CSL @ 285.45
\nBought 1,000 RIO @ 126.01
\nBought 1,000 CBA @ 113.00
\nBought 500 CSL @ 285.35
\nSold 1,000 CSL @ 285.72 ($320 profit)
\nSold 2,000 RIO @ 126.66 ($200 profit)
\nSold 2,000 CBA @ 113.00 ($380 loss)
\n\u00a0<\/p>\nWednesday January 17<\/h2>\n
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 20,000 RRL @ 2.06
\nBought 1,000 CBA @ 112.41
\nBought 20,000 RRL @ 2.03
\nSold 40,000 RRL @ 2.07 ($1000 profit)
\nSold 1,000 CBA @ 112.29 ($120 loss)
\nBought 1,000 CBA @ 111.84
\nBought 2,000 WTC @ 71.73
\nBought 2,000 RIO @ 126.54
\nBought 2,000 BHP @ 46.39
\nBought 4,000 WDS @ 30.57
\nSold 4,000 WDS @ 30.62 ($200 profit)
\nSold 2,000 RIO @ 126.62 ($160 profit)
\nSold 2,000 BHP @ 46.45 ($120 profit)
\nSold 2,000 WTC @ 71.97 ($470 profit)
\nSold 1,000 CBA @ 112.21 ($370 profit)
\n\u00a0<\/p>\nThursday January 18<\/h2>\n
\nImage: Marketech<\/p>\n
\nBought 1,000 BHP @ 45.86
\nSold 1,000 BHP @ 46.05 ($190 profit)
\n\u00a0<\/p>\nFriday January 19<\/h2>\n
\nBought 25,000 RRL @ 2.06
\nSold 25,000 RRL @ 2.07 ($250 profit)
\nBought 25,000 RRL @ 2.06
\nSold 25,000 RRL @ 2.07 ($250 profit)<\/p>\n