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Stuff happened (in an earlier version of the website) and this diary was lost. I’ve rebuilt the trading history from my records (and a backup) but have don’t have all the reasoning. Often on the losing trades that follow there was a day or two when the sell target was reached, but I didn’t have the sell order in because I was too busy. Live and learn.
My strategy is to buy at 2.5% off the previous peak close which was 15.66 on 7 January. After that trade the market fell to 15.15 and bounced there for a while. I was preparing a top up order at 15.17 when my team leader came by for a chat. By the time the chat was over the market was back to 15.25. Missed opportunity.
The ride has been chaotic over the last few days. But the profits are good.
By way of clarification I pay $31.90 per transaction through Quick.Broker on a $25,000 parcel it represents less than $0.04 per share (counting buy and sell commissions).
Welcome to WealthEsteem — dedicated to the Psychology of the Deal.
What does WealthEsteem mean to you?
These are my musings on wealth creation, written during the quest for my second fortune. If my ideas work, great! See you in Monaco sipping Cosmopolitans. If they don’t, it’s a map of my folly. Hoist a cool drink to my memory and imbibe responsibly.
For the record, I made my first fortune by the time I was 26 and lost it and more by the time I was 27. The details should emerge in the Diary as time goes on.
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