My personal portfolio
Comment of the Day

September 19 2013

Commentary by David Fuller

My personal portfolio

David Fuller's view I wanted to establish a trade long in the Australian ASX 200 Index (weekly & daily) following Tony Abbott's victory in the General Election. I did so by purchasing the September contract via a spread-bet at 5228.5 on Tuesday 10th September, even though it had only a little over a week to run before the next rollover. This was sold at 5242 on the 18th, when a December contract was simultaneously purchased at 5248.2. These prices include all spread-bet dealing costs.

Since stock markets are now somewhat overbought, I am now protecting this long trade and also my Nikkei long with in-the-money stops.

Stop press - I should have just taken the bigger Nikkei profit that was available for most of the day. Instead, I placed a stop which was triggered at 14800 for the December contract, against my purchase at 14516 on 11th September, but reported on the 16th, as it had not been noticed, being an automatic rollover. These prices include all spread-bet dealing costs.

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