Each Monday, Stockhead’s 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.

Platform used: Marketech

Round Trip: A round trip is $10 up to $25,000 and then above $25,000, commission is at 0.02% in and at 0.02% out.

Rules of engagement: Never hold any positions overnight (unless forced) and try to avoid any suspensions (if possible). No shorting.

Monday October 31

Woke up today to the fact that someone had nicked the rear number plate to me trading van. So had to go to the RTA and get a new set of plates.

They give you a new set but no screws, though I did manage to pocket one of their 45% cardboard pens. So after all the faffing around I finally am ready to settle in at 11ish.

Banks up. CBA touch $105 exactly and all the iron ore players are in the doldrums. Having said that, manage to pick up some FMG, who looked way oversold from Friday’s close.

That works out OK and then notice that NHC are below $5.50 and it was too long ago that they were $7.00 plus!

Claw back $80 on them so only have $160 left to go to get my losses back.

Finish up $260 but down $48.20 on my RTA incident and now plates are screwed on tight and my trading van is safely parked away for the night.

RBA rate rise tomorrow and Melbourne Cup so volumes will be lower.

Image: Marketech
Image: Marketech
Image: Marketech

Bought 1,500 FMG @ 14.60
Sold 1,500 FMG @ 14.72 ($180 profit)
Bought 1,000 NHC @ 5.49
Sold 1,000 NHC @ 5.57 ($80 profit)

Cup Day

An interesting day today, as we all know. I’m not really interested in the gee gees too much as it interrupts my day and thinking.

So, just look at CBA today, as rate rise will either be 0.25% or 0.5% at 2.30pm.

They open at $104.75 and just around 11.00am they are heading down towards $103. Have a limit order in at $103.80, just in case they break down.

Turns out I missed it by 2c.

With the $103.80 back stop in pick up 500 at $104.15 on my each way bet for the day. Turns out OK as happy to let them go at $104.70 ahead of 2.30pm.

Up $275 and they end the day at $106.05, which is their day’s high, so it just shows how the much the market thinks the banks will make on their mortgage rates vs their deposit rates.

Image: Marketech
Image: Marketech

Bought 500 CBA @ 104.15
Sold 500 CBA @ 104.70 ($275 profit)

Wednesday Nov 2

Bit of a manic trading day today. Had to change tactics a bit and actually doubled up on a few positions, as their ranges were not as big as usual but it was easier to pick their direction.

CBA was by far the most manic and I managed 12 trades (!) in them and 22 in total.

I tried to walk away once, having closed out my last position in ANZ for zero gain or loss but CBA kept calling me back at below $106.

The charts sum everything up best and up $1,282, which makes up for yesterday’s slack arse effort. Ha!

Image: Marketech
Image: Marketech
Image: Marketech

Bought 1,500 FMG @ 15.50
Bought 1,500 FMG @ 15.52
Bought 1,000 ANZ @ 25.92
Sold 3,000 FMG @ 15.55 ($120 profit)
Bought 500 CBA @ 106.04
Bought 1,000 CBA @ 105.98
Sold 1,500 CBA @ 106.10 ($150 profit)
Sold 1,000 ANZ @ 26.01 ($90 profit)
Bought 1,000 ANZ @ 25.89
Bought 500 CBA @ 105.66
Bought 500 CBA @ 105.79
Sold 1,000 CBA @ 105.89 ($167 profit)
Sold 1,000 ANZ @ 25.89 ($0.00 profit)
Bought 1,500 FMG @ 15.53
Sold 1,500 FMG @ 15.62 ($135 profit)
Bought 1,000 CBA @ 105.92
Bought 1,000 CBA @ 105.98
Sold 2,000 CBA @ 106.06 ($220 profit)
Bought 1,000 CBA @ 105.83
Bought 1,000 CBA @ 105.75
Bought 1,000 CBA @ 105.60
Sold 3,000 CBA @ 105.86 ($400 profit)

Thursday Nov 3

Pick up some BHP at below $38.00 and CBA are below $105.00, so have a tickle at $104.50 and at $104.15 which finally came through after a bit of pain.

Up $470 on a quiet day for me, especially after yesterday’s effort!

Image: Marketech
Image: Marketech

Bought 1,000 BHP @ 37.98
Bought 1,000 CBA @ 104.50
Sold 1,000 BHP @ 38.08 ($100 profit)
Bought 1,000 CBA @ 104.15
Sold 2,000 CBA @ 104.51 ($370 profit)

Friday Nov 4

Can’t believe that CBA are today heading to be below $103. Dip in my toes with 500 at $103.11, as thinking that they could go either way. Of course they go down and they trigger off a limit buy at $102.91.

Then RIO pop up at being just below $91.00. Pick up 1000 at $90.98 and miss their first pump up but get them the second time around. Same for CBA but took a bit longer and then I got bored and was happy to walk away for the end of the week.

So up $355 today, $2,642 gross for the week and $2,035 net and all of that includes enduring the Melbourne Cup.

Giddy up!

Image: Marketech
Image: Marketech

Bought 500 CBA @ 103.11
Bought 500 CBA @ 102.91
Bought 1,000 RIO @ 90.98
Sold 1,000 RIO @ 91.21 ($235 profit)
Sold 1,000 CBA @ 103.13 ($120 profit)