February 25, 2009 – Indecision | The Chartist

ASX Commentary

February 25, 2009 – Indecision

Wed, Feb 25, 2009

The US is trying to decide whether it really does want to go lower but we’re simply managing our open trades as best we can and allow the market to do as it wishes. Today saw Boral closed at at breakeven. As I have stated to subscribers, I am happy to take breakeven trades. It means we’ve been presented a ‘no risk’ opportunity and have done our job as managers of bad trades.

Click to enlarge

Click to enlarge

Considering the strength posted in the US o/night out short positions fared well, but mainly due to the 6% decline in FXJ. All in all the account lost $71 today – a lot less than what I was expecting. Have no expectations and you’ll never be disappointed…

Click to enlarge

Click to enlarge

0saves

If you enjoyed this post, please consider leaving a comment or subscribe to our newsletter and receive a free sample of our analysis each week.

This post was written by:

Nick Radge - who has written 898 posts on The Chartist.

Contact the author

Facebook comments:

Latest Share Trading Articles

The Hidden Strengths of Volume Analysis (part 2) September 19, 2010
In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
The Hidden Strengths of Volume Analysis (part 1) September 19, 2010
The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
The Psychology of Trading September 19, 2010
The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]