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 Today I retire at the end of the day with an injured trading thumb.<\/p>\n Like a madman possessed, I carried on from last week\u2019s mega trading week, like nothing had changed down but only gone up.<\/p>\n The star standout out was TPG today, who offered lots of opportunity, then WOW and FMG and even the manic child CSL managed to put in an appearance.<\/p>\n The iron ore stocks all got hammered pre 3.00\/3.30pm, which left me holding on till the grim death FMG, BHP and RIO with mixed results.<\/p>\n Up $3,500 exactly which is a bit of a round number worry for me, as after 27 trades it comes in at an exact number.<\/p>\n My thumb now resembles something Arnie Schwarzenegger would be proud of. <\/p>\n Can still hold a schooner though, as you will all be glad to know. <\/p>\n The coldness of the glass helps with the swelling, honestly!<\/p>\n Image: Marketech Recap<\/strong> Today was a day where, just like a bad comedian who messes up the timing of his jokes and they fall flat, I was doing the same with my trading timing. <\/p>\n The joke became a poke in the eye for my P\/L and had me concentrating a bit harder than I usually have to. The worst one was NEU and then followed by the manic child.<\/p>\n I had to go twice as, well, they started to behave themselves a bit and their good behaviour almost killed me mentally.<\/p>\n It was if they were at Sunday school and grandma was watching with a fist of pocket money coins.<\/p>\n Learning to use my other thumb today to buy and sell with and if I carry on at this rate, I reckon I will be using my nose to tap the buy and sell bits.<\/p>\n Still a few opportunities, though volumes in some are coming down a bit.<\/p>\n I only did a small trade in LYC as one of my coffee crowd follows them and keeps doing his dough, so now I can wind him up!<\/p>\n Up $2,270, which could have been heaps more if I hadn\u2019t gone so early and waited till 11.00am. <\/p>\n Have a look at FMG and WOW and how they went.<\/p>\n Image: Marketech Recap<\/strong> I miss some opportunities today, as I become embroiled in an arm wrestle with NEU.<\/p>\n Having lost out to them yesterday, I was determined to get my revenge today. <\/p>\n Basically, I\u2019m in early and waiting for a short squeeze. <\/p>\n Yesterday they closed at $21.48 and today I picked some up at $18.60. However, I manage to get involved twice at $19.50 in a bit of ying-yang trading.<\/p>\n All ends well, as you will see from the chart and also how vicious their turnaround was before they fizzled out a bit.<\/p>\n CBA below $116 was a winner but was let down by BHP and RIOs. <\/p>\n Cut the BHP and had to wait for the 4.10pm rotation as RIOs were looking a tad oversold.<\/p>\n Their chart today would make for an amazing ski run.<\/p>\n Up $1,855 after a morning of sweaty palms, thanks to NEU.<\/p>\n Image: Marketech Recap<\/strong> Not too much to say about today but picked up a couple of, what turned out to be, bargains.<\/p>\n They both rallied a lot more after I was long gone and down the beach. CSL even managed to rally $1.00 in their 4.10pm match up.<\/p>\n CBA below $116 again, was something to watch, especially before 11.00am.<\/p>\n Can\u2019t really add much about today bar what the charts say.<\/p>\n Up $1,150 and that was squeezed in on an extra leap year day.<\/p>\n Recap<\/strong> Not much to write about today, as the trading week ended with just one trade.<\/p>\n FMG rose from the ashes and CBA closed at their day\u2019s high of $117.36, having opened at $116.75.<\/p>\n For some reason, CSL were marked down and at one point touched $281.50, having been $285 yesterday.<\/p>\n Up $9,260 (or $7,956 net) and a sore trading thumb, after starting the week with 28 trades, as this reporting season just keeps on giving on the volatility front. Yay!<\/p>\n Image: Marketech Recap<\/strong> <\/span><\/p>\n The post Confessions of a Day Trader: What\u2019s got two sore thumbs and an extra $7956 this week? This guy!<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Monday February 26<\/h2>\n
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 5,000 TPG @ 4.99
\nSold 5,000 TPG @ 5.05 ($300 profit)
\nBought 5,000 TPG @ 4.88
\nBought 5,000 WOW @ 32.81
\nBought 1,500 BHP @ 44.36
\nBought 5,000 WBC @ 26.01
\nBought 500 CSL @ 286.47
\nBought 5,000 FMG @ 28.28
\nSold 5,000 WOW @ 32.89 ($400 profit)
\nSold 5,000 TPG @ 4.95 ($350 profit)
\nBought 5,000 FMG @ 28.13
\nSold 10,000 FMG @ 28.30 ($950 profit)
\nBought 5,000 WBC @ 25.90
\nBought 5,000 WOW @ 32.78
\nSold 10,000 WBC @ 26.02 ($650 profit)
\nBought 1,500 BHP @ 44.11
\nBought 1,000 RIO @ 122.65
\nBought 5,000 FMG @ 27.95
\nBought 5,000 WOW @ 32.68
\nSold 500 CSL @ 286.95 ($240 profit)
\nBought 5,000 TPG @ 4.80
\nSold 5,000 TPG @ 4.87 ($350 profit)
\nBought 5,000 FMG @ 27.62
\nBought 1,500 BHP @ 43.92
\nSold 10,000 WOW @ 32.77 ($400 profit)
\nSold 10,000 FMG @ 27.85 ($650 profit)
\nSold 1,000 RIO @ 122.58 (-$70 loss)
\nSold 4,500 BHP @ 43.97 (-$720 loss)
\n\u00a0<\/p>\nTuesday February 27<\/h2>\n
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 5,000 TPG @ 4.69
\nBought 1,000 LYC @ 5.60
\nBought 5,000 NAN @ 2.74
\nBought 500 CSL @ 285.73
\nBought 5,000 FMG @ 27.34
\nSold 5,000 TPG @ 4.72 ($150 profit)
\nBought 5,000 WOW @ 32.99
\nBought 5,000 WOW @ 32.89
\nSold 10,000 WOW @ 32.99 ($500 profit)
\nBought 5,000 FMG @ 27.10
\nBought 500 CSL @ 284.66
\nSold 5,000 NAN @ 2.84 ($525 profit)
\nSold 10,000 FMG @ 27.33 ($1,100 profit)
\nBought 2,000 NEU @ 21.81
\nSold 1,000 LYC @ 5.70 ($100 profit)
\nBought 5,000 TPG @ 4.67
\nSold 5,000 TPG @ 4.72 ($250 profit)
\nSold 1,000 CSL @ 285.50 ($305 profit)
\nSold 2,000 NEU @ 21.48 (-$660 loss)
\n\u00a0<\/p>\nWednesday February 28<\/h2>\n
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 2,000 NEU @ 19.50
\nBought 2,000 NEU @ 18.60
\nSold 4,000 NEU @ 19.50 ($1,800 profit)
\nBought 2,000 CBA @ 115.88
\nBought 1,500 BHP @ 44.02
\nBought 1,000 RIO @ 123.69
\nSold 2,000 CBA @ 116.10 ($440 profit)
\nSold 1,500 BHP @ 43.97 (-$75 loss)
\nSold 1,000 RIO @ 123.38 (-$310 loss)
\n\u00a0<\/p>\nThursday February 29<\/h2>\n
\nBought 2,000 CBA @ 115.54
\nBought 500 CSL @ 283.66
\nSold 500 CSL @ 284.72 ($530 profit)
\nSold 2,000 CBA @ 115.85 ($620 profit)
\n\u00a0<\/p>\nFriday March 1<\/h2>\n
\nImage: Marketech
\nImage: Marketech<\/p>\n
\nBought 500 CSL @ 282.00
\nSold 500 CSL @ 282.97 ($485 profit)<\/p>\n