Friday, April 21, 2006

Happy Anniversary!

Day 14 - Friday
Total Account Value: $5359
Available Equity: $3322
Positions Opened: 3
Positions Closed: 3

My girlfriend and I celebrated our one year anniversay this morning. But not long after waking she had to go off to work and I drove home to see if I could resurrect this trading account. It would be a very pleasing anniversary gift as I grew pretty annoyed yesterday.

It seems there is a money god after all. Most of my open trades "matured" as the day progressed, and at one point I was sitting on a tasty $700 one-day gain. Of course there are no fairytales, but more than $500 is as perfect as it can get in my circumstances.

HSP has performed sensationally and I'm glad I had the foresight to go long when I did. It began so strongly that I pyramided my position by buying another 1666 CFDs and watched as the gains multiplied. If I were to exit now the win would be worth nearly $600. However, the good news is sobered by the fact that similar bursts are a dime a dozen.

This was the first time I survived and profited from a major opening downtrend in the All Ordinaries. This gives me hope - it means I'm getting better at pre-empting individual stock movements. As well as HSP, my decision to go long on CEY shortly before yesterday's close was fruitful. It stormed upwards, eclipsing the three previous day's losses. When a stock shows this kind of pattern there is a danger it may lose momentum as quickly as it appeared, especially in a flat market. Due to opening unpredictability, I'm being more frugal and will take every opportunity to close out positions sooner rather than later. CEY left me $310 up.

AXA and COA continued their slow descent and a new short position in CSM (Consolidated Minerals) began promisingly. I have been watching this stock for quite a while now and it exhibits slow, involatile movement. There is money to be made here if I go with the trend.

Last week I tended to wait on unperforming positions, hoping for good fortune the next day. This time I am smarter. I closed FXJ with a minor profit intact as it seemed to struggle after healthy gains yesterday. Anything can happen after the weekend though my feeling on this stock is still bullish.

Ahh it was a very happy day, but will it last? At least I feel better about splashing out on a health spa massage for my girlfriend and I.

12 Comments:

Blogger kuku fashion australia said...

WOW.. Sweet Fashion! Fantastic topics. Liked it., Thanks for the nice Blog. This is really Fantastic. Enjoy online fashion shopping with us! We are- Kuku fashion Australia, with Kuku, Kuku dress, Kuku dresses, Kuku fashion, Mad Love stockist, Mad Love fashion, Toi et Moi online, Toi et Moi jacket, Toi et Moi online. Thanks for staying with us.

9:56 pm  
Blogger Knowledge Plus Australia said...

Thanks for the Great Post. Knowledge Plus is a Registered Training Organisation. training provider australia, certificate iv in business australia, diploma qualifications australia, elearning australia diploma qualifications australia, training provider australia, elearning australia, management qualifications australia, diploma qualifications australia, certificate iv in business australia and many more Training and Supports.

3:15 am  
Blogger office 365 said...

Thanks for the Great Post. Groupe Conseil Solinteg can support -
office 365
cloud services
sharepoint online
exchange online
lync online
cloud services montreal
microsoft crm montreal
windows intune
and many more services and product from Microsoft Corporation. Thanks.

3:54 am  
Blogger karmaloop code said...

russian gift
matryoshka
nesting doll
russian dolls
russian hat

8:47 am  
Blogger mou liton said...

We are the contractor since 1980 for alternations, renovations and extensions. On our website you find more information and you can request a quotation. aannemer, aannemersbedrijf, bouwbedrijf, verbouwen, renovatie, kosten uitbouw,kosten verbouwing
Thank for the Post.

4:16 am  
Anonymous green products said...

Thanks for the Great Post. We want a Green earth for LIVE, why we need- green home, green products, green product, buy green, eco friendly products, environmental products, eco green products, environmentally friendly products. Thank you for staying with us.

11:53 pm  
Blogger oil change va said...

Nice blog. Try to repair engine oil leaks to keep the environment clean. Thanks- oil change and oil change va

11:29 pm  
Blogger stop car engine oil leaks said...

Nice blog. Try to repair car oil leak to keep the environment clean. Thanks- stop car engine oil leaks and oil change va

3:45 am  
Blogger how to remove grease said...

Nice blog. Try to know how to remove grease and how to clean oil spills va to keep the environment clean. Thanks- fix engine oil leaks

9:50 pm  
Blogger joana lui said...

It is great to observe somebody put enough craze towards a matter. I'm thankful that I stumbled upon this process. I am lucky I used the time to read on past the 1st paragraph. You have got a whole lot to say, very much to offer. I really hope guys understand this and look into your page.


safety deposit box
bank safety deposit boxes
mailbox post
residential mailboxes
gold bar for sale

4:00 am  
Blogger best wedding coordinator washington state said...

Excellent & Cool! – I should definitely say I'm impressed with your blog. I had no trouble navigating through all the tabs as well as related info. The site ended up being truly simple to access. Excellent job.. Carry-on. About us..! please visit.
seattle wedding planner
tacoma wedding planner
woodinville wedding planner
tacoma event planner
woodinville event planner
number one wedding planner seattle
tacoma wedding coordinator
tacoma event coordinator
best wedding coordinator washington state
best wedding planner washington state
best wedding planner seattle
best wedding planner tacoma

9:27 pm  
Blogger asif ifteakhar said...

Thank you for the great article I did enjoyed reading it, I will be sure to
bookmark your blog and definitely will come back from again.
I want to encourage that you continue your great job, have a good day

north london business opportunities
london networking groups
london business networking
london business group

3:35 am  

Post a Comment

<< Home