Trader of the Month – January 2017: It is with great pleasure that we ask you to join us in congratulating Niels and Margaret. On winning our Trader of the Month Nomination for January 2017. And This competition is all about encouragement and recognising.
In Addition, For Those that are out there doing it, for real. And with their own money and based on what they have been taught.
From: Niels [mailto:nielsXXXXXXX@mail.com]
Sent: Monday, 16 January 2017 5:23 PM
To: Andrew Baxter; firstname.lastname@example.org; Niels
Subject: Our trade of the month
Well, the procrastinators did it and they did it very well!
We joined in on the OSH Dec 6.96 covered call. Rather than paper trading, we opted to buy in with 2 contracts (stupid yes, but we dipped our toes).
Moreover, The option as you know. Expired worthless and we were left with our 200 OSH shares. And a recommendation for the January covered call. We spoke to Matt about this because we didn’t see any use in selling another call when we only had 200 to play with. And Matt thought it may not be a good time to buy more OSH shares and so we just sat on these 200 shares. In fact, Matt suggested we set a stop loss just below the previous day’s low, which we did.
Furthermore, Our initial stop loss set at $7.12 and we moved this up to $7.24 after the share price moved through the $7.25 resistance on 6 January.
Yesterday we moved our stop loss up to $7.30 and today the market opens at $7.40 and drops to $7.30 at 10.55am. Our stop loss was triggered and we were closed out at $7.29. And the share continued to drop and actually hit $7.24 at around midday, so we would have been stopped out today regardless. We did have a hopeful “take profit” sell order at $7.60 incase it had a big run today, but that wasn’t to be.
We’re absolutely thrilled with our first trade with you guys, it returned 10.14% gross in just 7 weeks!
We never felt anxious, worried or concerned at all, maybe partly due to the fact that we didn’t risk very much money, but we are of the opinion that any money in the halifax account is money that we don’t need to live on and therefore if we lose it, or some of it, its not the end of the world.
Thanks so much for your help and support. We are in on the GMG trade next with 10 contracts. And notice that the call order is sitting there. Also, We look forward to our next live session, we have lots to tell you 🙂
Niels and Marg
Indeed, Big or small, first or thousandth trade, it doesn’t matter – what matters is that you are doing it and we truly respect that. Big Congratulations to Niels and Margaret, who have secured their place in our Trader of the Year Competition. Which will be drawn live, at this year’s Trading and Investing Summit.
Don’t hold back – nominate your entry as you close out of your trades. By emailing your results and back story through to the team through: