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 Now, I\u2019m not a flat earther or a conspiracy theorist but this is how CBA went today.<\/p>\n Opened at $116.00, had a high of $116.00 and a low of $115.00 and 2.02m turned over with the last being $115.92. Their low was hit at 10.03am.<\/p>\n Far out!<\/p>\n So anyway, after I had taken the tin foil off of my head, a couple of things stood out.<\/p>\n BOE had opened at $5.35 they also touched their day\u2019s high of $5.45 before later slumping down and reaching a low of $5.16, just before midday.<\/p>\n I got into them just before 11.00am at $5.21 and hoped for a bounce.<\/p>\n It did come at 2.00pm when eventually my limit got taken out, which was way longer than I thought it would take, though their rally saved me \u2013 see chart.<\/p>\n RRL was also a bit of a waiting game, after seeing them open at $2.14, $2.07 seemed like a bargain, which turned out to be true, as they closed at $2.11.<\/p>\n Up $750 and now just wondering about CBA and how it managed to trade with such exact numbers as its high and low.<\/p>\n Image: Marketech Recap<\/strong> Managed a couple of in\u2019s and out\u2019s earlier on and then CBA had a bit of a collapse before 3.30pm, which can sometimes be a bouncing spot.<\/p>\n Anyway, I got two goes heading into the last 30 mins so I was happy to up the size a bit and keep my eyes wide open shut.<\/p>\n And it worked!<\/p>\n Up $985, which was a bit amazing and something I was not expecting at all.<\/p>\n Image: Marketech Recap<\/strong> CPI figs came out at 11.30am and a tad better than expected, so bonds and equities rallied. <\/p>\n I played safe with some RRL, pre CPI figs and low and behold, even they got a leg up on the way through.<\/p>\n In the afternoon, drum roll please, CBA touched a high of $118.24 before having a bit of a setback, towards the close.<\/p>\n They fell from that high down to $117.45 on some heaving selling, which I put down to option expiry shenanigans.<\/p>\n And then we have the manic child CSL. <\/p>\n They punched through the $300 barrier, even though there was 47,000 on offer at that level and keeping a lid on things.<\/p>\n Their range was $295.12 to $302.50 on 1.12m shares. WOW!<\/p>\n Anyway, in for a penny, in for a pound and same tactics as yesterday, but this time a dollar or two higher.<\/p>\n Up $830, thanks mainly to CBA.<\/p>\n Image: Marketech Recap<\/strong> Come into a morning where one of America\u2019s bank\u2019s share price collapsed by 26% overnight, so that was a big red flag for me today.<\/p>\n CBA actually closed on its low for the day at $114.10. They reached above $118 only yesterday.<\/p>\n I was surprised at how the market only fell 1%, though on my main watch list I only had two companies not in the red. <\/p>\n RRL gave me a bit of a heart murmur, when they came out with a trading halt. It said they may come back on Monday and I was thinking thank Christ I wasn\u2019t long of them and then that happened.<\/p>\n Anyway all\u2019s well that ends well and when they did come back, I thought their markdown was a bit overdone and managed to get a 2c turn out of them.<\/p>\n Up $500 and popcorn watching the bond yields falling, which probably helped the market from not falling as much as it could have done. Got a feeling that tomorrow I will lose money!<\/p>\n Image: Marketech Recap<\/strong> Noticed a couple of fallers in the As today, namely ANZ and AGL.<\/p>\n Luckily for me my thoughts on losing money today were a prediction which didn\u2019t eventuate and I managed a couple of 4c turns.<\/p>\n Why both of them were down was a mystery to me, especially ANZ. Left a bit on the table with them. Both were on sell limits.<\/p>\n I think everyone is a bit shocked at how much the market cap of Facebook\u2019s owner, META, went up by overnight. Something like US$200bn which is more than our little old CBA is worth in total.<\/p>\n The biggest mover on my current watch list was Boss Energy, who were up 7.95%, though a blast from the past Bougainville Copper shot up 128%, having gone from 36c to 80c on 700,000 shares.<\/p>\n Anyway, up $500 today bringing in the week at $3,565 ($3,176 net), which is a bit of a shock for me as I was expecting to be down this week. Have to shake off my negativity with a dive in the sea and just breathe a bit ahead of a nice cold beer.<\/p>\n Image: Marketech Recap<\/strong> <\/span><\/p>\n The post Confessions of a Day Trader: One golden turn deserves another. And another! One more? Oh go on then\u2026<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Monday January 29<\/h2>\n
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 5,000 BOE @ 5.21
\nBought 25,000 RRL @ 2.07
\nSold 25,000 RRL @ 2.08 ($250 profit)
\nSold 5,000 BOE @ 5.31 ($500 profit)
\n\u00a0<\/p>\nTuesday January 30<\/h2>\n
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 5,000 NAN @ 2.93
\nBought 25,000 RRL @ 2.11
\nSold 25,000 RRL @ 2.12 ($250 profit)
\nSold 5,000 NAN @ 2.96 ($175 profit)
\nBought 1,000 CBA @ 115.91
\nBought 1,000 CBA @ 115.85
\nSold 2,000 CBA @ 116.02 ($280 profit)
\nBought 2,000 CBA @ 115.87
\nSold 2,000 CBA @ 116.01 ($280 profit)
\n\u00a0<\/p>\nWednesday January 31<\/h2>\n
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 25,000 RRL @ 2.07
\nSold 25,000 RRL @ 2.08 ($250 profit)
\nBought 2,000 CBA @ 117.52
\nSold 2,000 CBA @ 117.81 ($580 profit)
\n\u00a0<\/p>\nThursday February 1<\/h2>\n
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 25,000 RRL @ 1.92
\nSold 25,000 RRL @ 1.94 ($500 profit)
\n\u00a0<\/p>\nFriday February 2<\/h2>\n
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 5,000 AGL @ 8.24
\nBought 5,000 ANZ @ 26.93
\nSold 5,000 ANZ @ 26.98 ($250 profit)
\nSold 5,000 AGL @ 8.29 ($250 profit)<\/p>\n