Sunday 26 September 2010

Small loss - Johnson Matthey and Admiral Group PLC

The other 2 trades on the UK stocks Johnson Matthey and Admiral Group PLC which I opened on Monday did not move as expected. I closed both trades on Friday with a small loss (Johnson Matthey closed at £17.61 (£17.74 - £17.61 = 0.13 x 100 shares = £13) and Admiral Group PLC closed at £16.28 (£16.69 - £16.28 = 0.41 x 100 shares = £41). Total loss £54.

Not too bad as losses in trading are a matter of course and as long they are kept to a minimum, they should not affect the profit on the overall trades.

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