Wednesday, June 3, 2009

NCM (New Crest Mining) trade I conducted

On Friday the 22 May, 2009 I bought 308 NCM shares @ $32.37 as the 26 12 9 daily Moving Average Crossover Divergence (MACD) crossed above the 0 line. I trade CFDs so the trade only cost me the 10% margin - $997.00

On Friday the 29 May, 2009 I added to my position and bought another 305 NCM shares @ $32.80. I paid the 10% margin of $1000.40.

On Monday the 1 June, 2009 I added to my position and bought another 300 NCM shares @$33.24. I paid the 10% margin of $997.20.

On Wednesday the 3 June, 2009 NCM shares closed at $34.40 so I am sitting on a nice paper profit of $1461.24.

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