Themickey's Journal

Gotcha said:
How do we separate surf's outlandish claims from your own?


How about this quote above? For such an experienced trader, you're still saying a trade taught you something?

What's even worse is that you're saying one trade taught you something. Any seasoned veteran will know one trade doesn't mean anything. One trade cannot drastically alter any trading plan you might have. There is nothing to learn from the outcome of one trade because if you try, wouldn't your head be spinning constantly?


Is this what you're learning, to chase? Hey... if it works for you, that's fine, but one day a trade will teach you to chase, and next day you'd be saying don't chase. Where is the consistency?
More...
You obviously have reading and comprehension difficulties.
themickey said:
....Thats the end of my education lesson.
More...

Did you think I was going to continue chasing your idiotic posts with replies?
On ignore, "ter-ra"
 
Going long iron ore on open, will finalise this statement shortly with positions.
Edit, long BSL, FMG, MIN on open.
Bluescope Steel, Fortescue Metals, Mineral Resources.
 
Last edited:
Exited MIN BSL FMG today. (Iron ore)
Looking weak so erring on the side of caution pulled out.
Lost approx 1% on those positions or 0.1% of capital on acc#2.

Am eying copper but might be just a little too early to go long on this one.

Gold - have been out of this sector several days now and gold price is falling nicely.

Only positions I'm currently holding are 5 telecom positions, been in about a week and positions are currently approx breakeven. Telco sector over here is looking weak atm, was hoping this would be a bit more lively, but will stay here holding, could breakout, nothing telling me to exit just yet.
 
State of play to date;
Sitting on hands, no trading done last 6 days.
Am holding 5 telecom positions atm with Acc#2 & Acc#3.
Acc#1 is 100% cash, sitting idle.
Watching and waiting for buying opportunities but nothing around atm.
The telecom positions as of yesterdays close is, Acc#2 +$1778, Acc#3 -$1081 (negative return on Acc#3)
Has been slow action lately.

Will be doing homework over the next few days on adding cattle to my watchlist of sectors.
The current sectors which I have scrutinized as tradeable are:
DIVERSIFIED MINING
GOLD
COAL
IRON ORE
COPPER
OIL
NATURAL GAS
BANKS
TELECOM
HEALTHCARE
INFORMATION TECHNOLOGY
LIVESTOCK, (currently doing feasability homework on)
MILK Will consider looking into this when I get time
REALESTATE Not bothering with RE, dont like this sector.

The Banks, Healthcare and Info technology have run too hard imo and I wont be buying for some time, awaiting a good sized market corection before I would consider trading these.
 
If you are asking why is one account positive and one negative on these positions, it's because there is often a time delay between executing the trades, sometimes just minutes up to hours. The delays can work for you or against, bit of a toss of the dice really.
 
The markets opening in about 1 hours time, Monday morning.
Today am hoping to pull off two falling knife tricks.

Going long oil stocks, 2 positions. This is a definite.
The way I'll play this is wait for market to open and hope that CL Futures will begin to fall.
This as will hopefully drive down the stock prices further to allow even a cheaper entry.

This is my second attempt at trading oil. First attempt resulted in a small loss after a couple of days trading. Have done more homework and think I have it sussed now.
Currently oil price is plunging and the news is very bearish. 'Tis indeed a rapidly falling sword which I hope to catch as it hits the floor and bounces.

Gold, will await for later in the day, again hoping GC Futures to fall, but either way, up or down, I'm holding out for later during the day to observe price behaviour to determine whether entry today is appropriate. Currently trend is down. Again, hoping for a bottom catch.

Will update the journal as I go along.
 
Long Beach Petroleum and Origin Energy.
About 65k per position.
Oil futures running up quite hard ETH.
 
Last edited:
No gold trading today, has the wrong feel about what I'm seeing locally.
So far today the oil positions are working out.
 
End of first day trading, Beach Petroleum up 2.9% and Origin Energy up 3.3%.
Just hope this can continue on up, USA RTH Monday will hopefully give the clue and confirmation on bottom bounce.
 
You must log in or register to reply here.
Back
Top