Tuesday, July 22, 2008

Welcome to my online trading diary

I currently trade a long-term weekly system, buying Australian CFDs on stocks listed in the ASX200. On the last day of each trading week I update my data, check for buy/sell signals and manage my stops.

On the first day of the next trading week I change my stops and exit any open positions for which I have been given a signal as soon as possible after the market opens.

At least half an hour after the market opens (and before it closes) I enter any new positions for which I have received a signal.

Anyway, my current portfolio contains the following CFDs and whether I am long or short. If you are not clear on what being long and being short are, you need to sign up for my newsletter called The Sandpit and you'll automatically receive my trading plan (as soon as I get it published on the internet) and it will explain all.

By the way, this blog and The Sandpit newsletter are aimed for beginners, hence the name, The Sandpit. There are also other benefits of becoming a member such as product discounts.

APN News & Media Ltd - Short
Aristocrat Leisure Ltd - Short
Australian Worldwide Exploration - Long
Consumer Discretionary (A$2 Contract)- Short
Crane Group Ltd - Short
CSR Ltd - Short
DUET Group - Short
Flight Centre Ltd - Short
GUD Holdings Ltd - Short
Iluka Resources Ltd - Long
Invocare Ltd - Short
Just Group Ltd - Short
Macquarie Infrastructure Group - Short
Pacific Brands Ltd - Short
Paladin Energy Ltd - Long
Qantas Airways Ltd - Short
Resmed Inc - Short
Seek Limited - Short
Tatts Group Ltd - Short
Transpacific Industries - Short
United Group Ltd - Short
Wesfarmers Ltd - Short
Woolworths Ltd - Long

I wish you success with your journey towards wealth creation.

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