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Friday, April 15 2016

State of Portfolio: 15 April 2016

At the end of this week, we have 3 open positions and an unrealised profit for the portfolio of $406.12. We also had 2 positions close out this week for a net profit of $114.32.

Symbol: IPH

Quantity: 304

Latest Close: $6.76

Symbol: NCM

Quantity: 86

Latest Close: $17.67

Symbol: MND

Quantity: 888

Latest Close: $7.12

Tuesday, April 12 2016

Exit: St Barbara Ltd

Exit Price: $2.378 Quantity: 934

Profit: $211.63 Return: 10.585%

Discussion: A good trade with a healthy profit. Ideally would have liked to see the profits run a little longer but volatility today pushed the price in to the trailing stop loss. A good win leaving the portfolio overall in profit after two trades.

Entry: Monadelphous Group Limited

Entry Price: $6.66 Quantity: 888 Cost: $5,924.08

Stop/Loss: $6.51 Exposure: $143.20

Monday, April 11 2016

Exit: Bega Cheese Ltd

Exit Price: $5.785 Quantity: 329

Profit: -$97.31 Return: -4.889%

Discussion: Trade closed due to stop loss being hit. On reflection, the recent trading range was quite narrow and there was no strong signal for a price breakout. Not the ideal outcome but a learning experience.

Entry: Newcrest Mining Ltd

Entry Price: $17.53 Quantity: 86 Cost: $1,517.58

Target Price: $18.62 Stop/Loss: $16.44 Exposure: $103.74

Tuesday, April 5 2016

Entry: St Barbara Ltd

Entry Price: $2.13 Quantity: 934 Cost: $1,999.42

Target Price: $2.305 Stop/Loss: $1.78 Exposure: $336.90

Monday, April 4 2016

Entry: Bega Cheese Ltd

Entry Price: $6.04 Quantity: 329 Cost: $1,997.16

Target Price: $6.295 Stop/Loss: $5.785 Exposure: $93.90

Friday, April 1 2016

Entry: IPH Ltd

Entry Price: $6.61 Quantity: 304 Cost: $2,019.44

Target Price: $6.95 Stop/Loss: $6.11 Exposure: $137.68