[WEEKLY ROUND-UP]
This is a shorter than usual post given that my vacation is nearing and end and I've got things I'd rather be doing than messing about with a one monitored computer getting screenshots all over the place.
This week saw the introduction of the 30% drawdown from max profit rule, which was triggered on the majority of the trades that gave a signal this week - and on all of the stocks still being held from last week.
I'm not sure exactly how I feel about the rule yet, it is very difficult to manage a trade when you have these extra variables and this sheet took a lot longer than normal to compile. It protected my downside from last week but gave a lot of chop this week - that could just have been the market being different of course.
Statistically there were 3 big winners - BHI DECK and BRCD. DECK was initially a stop out loss, due to bad stop placement. The re-entry signal was at $61 (original at $60) and this is still in the portfolio over the weekend. JBLU was the best trade on the watchlist as it behaved as expected on the numbers front but my execution of this trade left a lot to be desired.
BRCD saw some good trade management and this continues to be held with a stop loss equivalent to a profit of $360.
And here are the trade management blocks for JBLU BRCD and SFD as according to the watchlist. JBLU was a cent off .50 and anybody with any wisdom would have cashed at .45 or higher. This pic is for my calculations so apologies if it doesn't make any sense.
This week saw the introduction of the 30% drawdown from max profit rule, which was triggered on the majority of the trades that gave a signal this week - and on all of the stocks still being held from last week.
I'm not sure exactly how I feel about the rule yet, it is very difficult to manage a trade when you have these extra variables and this sheet took a lot longer than normal to compile. It protected my downside from last week but gave a lot of chop this week - that could just have been the market being different of course.
Statistically there were 3 big winners - BHI DECK and BRCD. DECK was initially a stop out loss, due to bad stop placement. The re-entry signal was at $61 (original at $60) and this is still in the portfolio over the weekend. JBLU was the best trade on the watchlist as it behaved as expected on the numbers front but my execution of this trade left a lot to be desired.
BRCD saw some good trade management and this continues to be held with a stop loss equivalent to a profit of $360.
Watchlist results for week
And here are the trade management blocks for JBLU BRCD and SFD as according to the watchlist. JBLU was a cent off .50 and anybody with any wisdom would have cashed at .45 or higher. This pic is for my calculations so apologies if it doesn't make any sense.
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