Monday, July 6, 2009

Trade 20: ASX200 nice gain

I got a 31 point profit for $170 off the opening market, and closed out when the price threatened to retrace - given there were no new economic markets, i expected a range trading day - but it stayed weaker than I expected.

No real news is moving the market, although oil has fallen off sharply due to weak economic reports - I'm still reeling from how much money I lost on WPL - had I chosen my entry more patiently - or stayed closer to the technicals on the underlying oil market - I would've at least made a small profit out of the WPL instead of my largest loss so far in the 20 trades.