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Right. After having my hour lunch I now go have my hour nap 

As I was checking CML was making a new high (from this morning) - so closed that trade, then lowered the WHL price which got closed  a minute or so later. Even on the open AWA trade and R146 up on the day (think fees have been taken of, but will only confirm that in the morning when the statement comes through. BTW, on my starting R3800 that's an increase of 3.8%.

WHL back down to 9756 - so timed that perfectly. Patience was rewarded. Tempted to close the AWA position - but "think" I should be safe. Famous last words  It is a tiny position though.

managed to squeeze in a couple of mistakes to end of the day 

At around 19H00 was bit bored, so was looking around the product available to trade on GT247 - and of course, found some that where open.....

So went short on gold and oil. Of course I know everything about gold and oil. I am from SA and gold litters the place, and oil? well I frequently use the stuff in the car and bike...

Firstly, was looking at the wrong (I was looking as a total NASDAQ) when I did the gold one. Anyway, they move pretty slowly so extracted myself after loosing around R30. Not sure how it works, but you do not seem to pay commission...

So should not have been in the trades at all, then I need to be looking at the right graph - and lastly.....I set and order to sell the oil at a certain price. After I while I manually cancelled the trade, but forgot about the order. Turn of the PC and walk away.

And at some time during the night, the order triggers. I've only just found out by looking at my statement and wondering why I still have a trade out. Anyway, logged in and am up R50. But it's something I really need to watch out for CHECK FOR ANY OPEN ORDERS BEFORE CLOSING.  That said, quite easy on JSE orders to tick the "this order is only good for today box" and those orders get cancelled at 17H00 - but of course, if you power down at 14H00 - there is still 3 hours for them to be executed.

Jadeb - yeah, hopefully any lessons learn't will not be too painful on the pocket.

Day 2 : +R127

Yesterday, although more patient than day 1, I still could have made more on CML had I stuck to my guns. I think if I have conviction on a trade I must try stick it out to 15H00 - 16H00. Other trades will be more in and out.

I still think we might have an ok run up to Christmas - so am bullish.

New Order : looking for Reversal
New Order :
Buy 500 Grindrod Ltd
The margin change will be in the region of 984.38
The required margin will be in the region of 984.38
Order will execute when the bid price <= 1,050.00

target: 1100

New Order :
Buy 300 Old Mutual Plc
The margin change will be in the region of 1,483.13
The required margin will be in the region of 1,483.13
Order will execute when the bid price <= 3,955.00

target 4200

Not a very good day. Made a few jump in and out trades, buy the time you sell, your slim profit margin vanishes. I can now add AWA to one that got away. Bought yesterday at 780, and after a few 20c swings sold at 790.  It closed yesterday at around 805 and then hit 845 today - looks like it will lose at around 825. GND I also closed to early.

OML - I still think looks good for 4200 - so I am going to keep it open and see what it does tomorrow.

I also have a short on 500 AWA at 826 hoping for a pull back to 815 where I have a buy order. Think this might just be sour grapes on my part!   

looks like I am making a R50 buck trading profit but will be making a loss after trading fees.

Fewer, but better researched trades, probably the way to go. But still early days.

Jonny, I  trying to spot trends or possible reversals - then of course, you need to time you entry and exit. You kind of need to get it all 3 right to make a successful trade. My original idea was get in and out in anything from a couple of minutes to a day - so a proper day trader - seems safer because the more you holding a share, the more unexpected news could harm you. But I am not so sure now as the few trades I have properly identified I have miss timed.

Building up on the knowledge side, but at the moment using the RSI, Bollinger bands, and MACD - not very successfully, but early days. I have learned quite a bit in a couple of weeks, but have only just scratched the surface - I am sure I will probably trading totally differently in a few months.

Will limit myself to just a couple of trades for the next couple of days - trades that hopefully could make a decent move.

Yesterday was a bit irritating as I did expect the market to rise, and I had looked at some that did very well, but unfortunately backed the wrong shares. At least I can take comfort in that my main portfolios all had a good days!

Graphs u use is correct, but please note, "News over rides the graphs" thus always keep eye on news.

Without a doubt - thank goodness there should not be to much news around this time of year - and because of this slightly wary of MTN - obviously big news is expected at some time

So have R3828.19 in the kitty - lost R171.81 yesterday.
Carried a short and a long over last night for the first time. you pay interest on the long and GET interest on the short. BTW, different shares have different margin requirements, so AWA is 25%, OML 12.5%, Grinrod 18.75%, BHP 12.5%, Tiger Brands 12.5%, CML 18.75% FSR 12.5%

I have started putting in stop losses when i am going to be leaving my desk for a bit - but I think GT247 could make the ordering process a lot easier. If you want to buy a share when it get's to a certain price, set a stop loss but also sell it if it goes over a price, you seem to need to place three orders - which I find weird, but maybe I am not factoring/using/understanding the trailing order properly.

Anyhow: Overall - 60% bullish on the overall market.

Have a long on 300 OML - happy with that, will look to sell at between 4100 and 4200
Have a (probably misguided) short on AWA - because I missed the long, grrr. Purely on the very scientific "what goes up, must come down, even a little bit" theory.

Have placed buy order for Sasol and tempted to put a sell on Steinhoff at 7800 but it would go against my feeling that the market will still be bullish - so not placing it for that reason

Cheers. see MTN tanked at the end of yesterday.

Ended up getting SOL @ 39600 - and firmly in the green



OML doing well  and overall account is now in the green - if by only R50 or so.

Over R200 today - so target reached - so do I sell and shut up shop for the day? I day trader would...but seems I am having an identity crisis - day trader or swing trader...

I had decided to let them run as in the past have cash out a bit too easily...

SOL trying to get past 40000....