Thu, 04 Jun 2009
Troy’s Blog
I have placed my first £1.50 trade and it’s for Jubilee Platinum (JLP) I did all the work and set the computer up to make the trade for me. I placed the trade on Monday, buying in, hopefully at about 30p, which is where the price is now but had to wait until today, Wed, for the trade to go through.
Now the trade can happen at any time in the day as they group them all together and buy at one time, this means I have to get the price at the time they trade, loosing some of the flexibility of trading when I want.
When I placed the trade on Monday the price was 30p, Tuesday saw no movement, still 30p. Up until 11am on the day of the trade – still 32p. Then, all of a sudden in two hours the price of JLP went up 62%!! I almost fell off my chair. I could have potentially bought into the shares at their highest peak, or just made a 62% gain in the first two hours of my purchase… I’ll have to wait until tomorrow when the shares are deposited in my portfolio to find out.
posted at: 13:03 | path: | permanent link to this entry