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 November 21

Wait around till 11.30am and then go on a bit of a shopping spree and buy some RIOs, FMG, WDS and NHC.

The first three give me a hard time, especially RIOs, whose fall below $104.00 gives a bit of indigestion. At one point I’m staring at a $1,500 loss, even after taking a profit in NHC.

Rio’s range is $106.27 to $103.13 and it wasn’t till the afternoon that they recovered off their lows and headed back towards $104.00.

WDS were going against me until for no reason they shot up 15c in literally 1 min and I tried to squeeze a couple of more cents out of them at $37.55 but after a couple of minutes, I gave in and hit the bid.

CBA touched above $107 as RIOs were touching their lows. Really thought that I was going to start the week on a loss, till the last hour, when things started to thaw out.

Up $1,080 after RIOs finally came good and with a little help from FMG.

Image: Marketech
Image: Marketech

Bought 500 RIO @ 104.32
Bought 1,500 FMG @ 19.23
Bought 1,500 WDS @ 37.40
Bought 5,000 NHC @ 5.28
Bought 500 RIO @ 104.18
Bought 1,000 RIO @ 103.79
Sold 5,000 NHC @ 5.31 ($150 profit)
Sold 1,500 WDS @ 37.53 ($195 profit)
Bought 1,500 FMG @ 19.12
Bought 2,000 RIO @ 103.45
Sold 4,000 RIO @ 103.90 ($660 profit)
Sold 3,000 FMG @ 19.20 ($75 profit)

Tuesday November 22

Kicking myself today, as I didn’t buy enough NHC. Over the last couple of days, it felt like their market was starting to tighten up, as their buyback started to kick in. I thought I had another day at least, to go, so got caught a bit wrong-footed in the size of my buy.

After the annoyance of my mistake in NHC, got bored with FMG, so put them on a limit to sell and watched them go up by another 24c and NAB was trade was okay but just that.

Plus $365 but not happy, Jan.

Image: Marketech
Image: Marketech

Bought 1,500 FMG @ 19.02
Bought 2,500 NHC @ 5.48
Sold 2,500 NHC @ 5.56 ($200 profit)
Bought 1,500 NAB @ 30.92
Sold 1,500 FMG @ 19.06 ($60 profit)
Sold 1,500 NAB @ 30.99 ($105 profit)

Wednesday November 23

Nothing like a trader scorned to seek revenge and I had mine today in NHC. That’ll teach them to misbehave a day earlier than they should have done.

Get in early for 15,000 at $5.96 as they look like heading to $6.00, so put them on a limit sell at $5.99 and out they go and of course they continue going up. Put on a limit notification and my phone pings me as I’m waiting in the local ALDI checkout.

So, go again but this time at $5.94 and having seen them up past $6.00 to $6.10 was a bit shocked that they were back down and having sneaked in a quickie with FMG. This time I put them on 4c higher and by the time I’m bagging my things, out they go. Again!!!

Ha! My revenge is complete. Have 15,000 in at $5.86, as there are 100,000 plus on the bid at $5.85 and will wait to see what happens. Not expecting much but you never know.

Well, it came in for a 2c turn and then like the drunken uncle at a wedding with free bar, I just couldn’t walk away. RIO came across my radar and needed a bit of shuffling before they came right for me.

Lowest I paid was $104.87 and they closed at $105.50.

Can you believe it? And then lastly had a go in a bit of size in FMG with just 18 mins to go. Got out in last orders to finish my day off.

Up $2,155 mainly thanks to NHC.

Image: Marketech
Image: Marketech

Bought 15,000 NHC @ 5.96
Sold 15,000 NHC @ 5.99 ($450 profit)
Bought 1,500 FMG @ 19.27
Sold 1,500 FMG @ 19.34 ($105 profit)
Bought 15,000 NHC @ 5.94
Sold 15,000 NHC @ 5.98 ($600 profit)
Bought 15,000 NHC @ 5.86
Bought 1,000 RIO @ 105.11
Sold 15,000 NHC @ 5.88 ($300 profit)
Bought 1,000 RIO @ 104.92
Bought 1,000 RIO @ 104.87
Sold 3,000 RIO @ 105.15 ($550 profit)
Bought 5,000 FMG @ 19.04
Sold 5,000 FMG @ 19.07 ($150 profit)

Thursday November 24

Well, the trading God he giveth and he taketh and today he taketh. New Hope became No Hope again today, as they got a bit smacked around after their AGM.

Didn’t really pay much attention, as happy getting set at 42c below their opening trade but it all started to then go pear-shaped on me and I only managed to cut them in the 4.10pm ruck.

Just shows I suppose that fundamentals must sometimes overtake buybacks.

Lost $1,250. Going back into my trading shell now and won’t reappear till 10.30am tomorrow.

Image: Marketech

Bought 5,000 NHC @ 5.58
Bought 5,000 NHC @ 5.48
Bought 5,000 NHC @ 5.42
Sold 15,000 NHC @ 5.41 ($1,250.00 loss)

Friday November 25

Back on the computer at 10.00am and finally start off the day in some RIOs, which of course go against me. Then have a go at some WDS. Double down on the RIOs and then get back into the NHC saddle.

WDS go out first, followed by the NHC, so manage to claw something back on them. That was at $5.55.

Then back in at $5.41 and then at $5.30 and decided they seem to have found their bottom, so get in another fiver at $5.31. So, all up long of 15,000. In between that RIOs come good.

Have one last go back in RIOs before the NHC gets taken out on a limit. Decide to cut them with a few mins to go and take a small loss. Not too bad a day compared to yesterday.

Up $1,175. For the week up $3,525 gross and $2.817 net and that’s even after Thursday loss of $1,250. Now off till Monday. Yay.

Image: Marketech
Image: Marketech

Bought 1,000 RIO @ 106.05
Bought 1,000 WDS @ 37.52
Bought 1,000 RIO @ 105.75
Bought 5,000 NHC @ 5.48
Sold 1,000 WDS @ 37.65 ($130 profit)
Sold 5,000 NHC @ 5.55 ($350 profit)
Bought 5,000 NHC @ 5.41
Sold 2,000 RIO @ 106.08 ($360 profit)
Bought 5,000 NHC @ 5.30
Bought 5,000 NHC @ 5.31
Bought 2,000 RIO @ 105.84
Sold 15,000 NHC @ 5.37 ($475 profit)
Sold 2,000 RIO @ 105.77 ($140 loss)