November 14 2008 – A bit of volatility

ASX Commentary

November 14 2008 – A bit of volatility

Mon, Nov 17, 2008

Friday was a difficult day with early signs pointing to follow through strength after Thursdays momentum turnaround. Going into the seesion we had 1 short (THG) open, which remains in place, and were looking at some new longs. We were pulled into one of those longs and duly spat back out again with some nasty slippage. Such is trading in this environment but also the reason why we’re using very low risk in this environment.

Here are Friday’s trades:

Click to enlarge

And the account suffered a slightly larger down day due to the excess slippage:

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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