29 October 2008 – More setups appearing

ASX Commentary

29 October 2008 – More setups appearing

Thu, Oct 30, 2008

We’ve were squeezed out of the INFA short last night resulting in a breakeven trade. Never an issue with breakeven trades – its a part of the game and ideally our goal is to get the protective stop to breakeven as soon as is possible. We retain a small amount of MIR because of the forced buy in so they’ll also be move to breakeven now.

Whilst the account has given back some of its open profits the recent markets strength has enabled 3 new short setups for tonight. Hopefully if prices roll over again we’ll see those initiated.

Here are the fills for last night:

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And the state of the account:

Click to enlarge

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This post was written by:

Nick Radge - who has written 899 posts on The Chartist.

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