I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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ROST:
Buy @ 66.86
Stop @ 66.39 Target = 68.81
Capital at risk = 0.25%
Pull back play
SHFL:
Sold @ 14.83 for a small loss
0.05% of capital; Next best thing to break even.
SHFL was sold mainly because I had to make room in the portfolio. I have a Maximum of 8 positions for the portfolio. SHFL had traded below the stop price this morning so it was on my list of stocks to cull.
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
ROST:
Took another shot @ROST
Buy @ 67.02 (above yesterday’s and this mornings high)
Stop @ 66.15 (just under yesterday’s low)
Initial target = 68.81 but we’ll see where it goes.
Capital at risk = 0.25%
May add to position later.
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
The Good: TC;
Sold the TC share I bought on July 12 @ 3.75
Gain of 24.2% or 0.90% of Capital
The Bad: HSY:
Hit Stop @ 70.59
Loss of 1.2% or 0.22% of Capital
The Ugly: SAVE:
Gapped down this morning and kept going.
Once it hit bottom I placed a 2 bar trailing stop (15 minute chart) and was finally taken out @ 16.66
Loss of 15.6% or 1.16% of Capital.
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
ROST:
Took another shot @ROST
Buy @ 67.02 (above yesterday’s and this mornings high)
Stop @ 66.15 (just under yesterday’s low)
Initial target = 68.81 but we’ll see where it goes.
Capital at risk = 0.25%
May add to position later.
Looks like only the ones I don't buy back into go up after I sell.
ROST:
Had a 2 bar trailing stop; out @ 66.86
Loss of 0.24% or 0.05% of Capital
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
EW: Made one trade while I was away from the computer this morning.
Buy on stop limit order @ 104.95
Stop = 103.7 Target = 109
Pullback play; I had an order in to buy when the stock broke above yesterdays high. Stop is below yesterday’s low. Theory being that the probability of the stock going higher is greater than that of it going lower. So much for probability theory.
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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