Swing trading the Mr.Market Portfolio

[spikefader]

It makes sense to start a new thread for the new swing trading system idea using only Mr.Market's portfolio picks. Posts will only be on those specific trades that meet the criteria discussed here
Summary of method:
Intraday entry at S2 for any of Mr. Market's open portfolio positions.
Target is R2, and stop is 2 x (S1-S2).
I'll post percentage win loss percentage, but for a more real-life trading interpretation, I'll also calculate dollar profit, based on each open position being $5,000 worth of stock, and commissions of 1c per share each way (as per IB fee structure)

First position was opened yesterday for SSNC:
Long at 22.56.
Stopped out today at 22.22 for -1.5% or -$80.00

Total system Profit/Loss to date: -$80.00

[spikefader]

CBK Long

CBK S2 long today at 20.45.
Stop is 20.14 or 1.5%
R2 target today is 21.30 or 4.15%

[spikefader]

GGI long 22.42

S2 Long GGI at 22.42.
Stop is 22.18 or 1.07%
Current R2 target is 23.11 or 3.07%

[spikefader]

OFG Long

OFG long at S2 at 29.45.
Stop is 29.16, risking 0.98%
R2 target currently 30.13 or 2.3%

[spikefader]

MCRI long

MCRI long at 35.88
Stop at 34.07, risking 5% (yowza)
Target currently 39.04, or 14% (double yowza)

busy day

[spikefader]

MCRI long at 35.88
Stop at 34.07, risking 5% (yowza)
Target currently 39.04, or 14% (double yowza)

busy day

Well, a quick game is a good game I like to say, but sheesh, the system hasn't started too well!

Stopped out -$1.81 or -5% or -$255 including commissions on 1 x 5k position.

System Total to date: -$335

[spikefader]

CBK S2 long today at 20.45.
Stop is 20.14 or 1.5%
R2 target today is 21.30 or 4.15%

Stopped out this morning. Looking at time and sales, I'm going to allow for some slippage to keep it realistic. So stopped at say 20.00 would be accurate looking at bid and volume at the time.
So, -0.45 on the trade for -2.2% or -$115 inc. comm. on a 5k position.

SYSTEM TOTAL TO DATE: -$450.00
OPEN POSITIONS: GGI and OFG.
New positions opened today will follow this post.

System thoughts: In hindsight, I should have contemplated commencing the system after a market correction, since it's been very strong lately, and I may have placed an unfair burdon on the system now. I'll stick with it though, since this will put a good test on the system..... i.e. can it recover from such a downdraft. If so, how long will it take. Might be an unprofitable read for a while....

[spikefader]

PRX long

PRX:
Long at 37.82
stop is 37.21 or 1.6% risk.
target currently 3.6% or 39.18

[spikefader]

NUTR long 16.42
stop is 16.03 or 2.4%

[spikefader]

DW Long 31.68
stop is 1.14%

[spikefader]

NUS long 21.93
stop is 2.9%

[spikefader]

FLIR long 58.77
stop is 1.9%

[spikefader]

SPF a quick in and out today for -1.17% or -$61.10 inc. comm. on a 5k position.

SYSTEM TOTAL TO DATE: -$511.00

[spikefader]

PTSI:
was a quick in and out today for -1.6% or -$89 inc. comm. on 5k position

SYSTEM SUMMARY TO DATE: -$600
OPEN POSITIONS: GGI OFG PRX NUTR DW NUS AND FLIR

[spikefader]

MIDDAY THOUGHTS:
Well, it's only day 2 of system, and already generated 12 trades!
Thus far the first 5 have been stopped out for a total loss of $600. The other 7 trades are OPEN, some in profit, some not.
Not a good start to the system, but I'm sure there will be some great trades down the road.
By my calculations, the system will only need 4 profitable trades to get to net positive again. The market is at good support now, so I expect a bit of a bounce, and hopefully Mr.Market's wonderful picks can display some of that wonderfulness today