fantastic day on the markets today with the FTSE gaining a massive 114 points! Since most of my positions are 'tiddlers' in the AIM index, a great day on the FTSE rarely translates to my portfolio; having said that I did see a small increase today of around £40, so no complaints...
Two of my positions stopped out today for a loss of around £12, so not really the end of the world. To put this into context, however, 6 new positions executed today and I still ended up with a gain so I'm reasonably happy.
Stop outs were 2 x CONDOR RESOURCES PLC which was a bit disappointing because they were looking extremely promising. But that's spread betting, you win some, you lose some; as long as the gains outweigh the losses I don't really care how many stop outs I have.
New positions are:
1 BEACON HILL RESOURCES LTD
2 FORTUNE OIL PLC
3 RANGE RESOURCES LTD
4 PATAGONIA GOLD PLC
5 LANDORE RESOURCES LTD
6 ARIAN SILVER CORPORATION
which gives me a total of 67 open positions. My account funds are £1875 giving a profit to date of £1050...
Just a final thought - isn't it amazing how your perspective and views change over such a short time; 8 months ago I would have been over the moon with a small profit, or even a reduced loss. But today I actually feel disappointed that I only gained £40 - weird or what
I'm starting to feel slightly impatient as well even though my portfolio has been rising steadily for over a month. This is not a good sign so it's time to get a grip and realise (again) that it's better to make a lot of money slowly, rather than lose a lot of money quickly! Nuff said, see you tomorrow...
Regards, Big Al