ASX end of month trading review

#OPINIONLEADER#

ASX end of month trading review

The last few days in the month was a bit of a dampener where I was chasing a 10k month and this was disappointing with how I behaved with my trading for the most part pleasing. Especially compared with July and August these months represented a lot more trading and a clear loss of control and patience. I decided to take a step back and knew for one I was in too much size on plays I didn't have a game plan for and also trying to get into too many stocks which I just can't manage. FMG was my focus and I really wanted to have a valid reason to enter and then exit and really make sure I stuck with my plan especially when first entering and being vulnerable to quickly getting out given how I have a tendency to go in too heavy from the get go even when it's not a great set up. This month saw some good moves on the upside and then downside with the start of the month seeing some decent inflows in the lead to the dividend. Then ex dividend price broke down and to conclude consolidation with an attempt to push back to the 16's which was short lived. To conclude I still need to watch my risk management and not flipping a position too quickly, currently I'm long biased on FMG from 14.70 with 14.20 on watch and 14.00 for a short to the 12's but we'll see what October brings.