Daily Trade Setup Performance Review
After two stellar weeks of stock picks, I finally have some not-so-great results on the daily trade setups. A number of them were stopped out early on due to some significant whipsaw action we saw in the market. However almost everyone of them had a profit opportunity to them, its just that we have had some major moves in both directions over the past week or so, and as a result those gains are easily lost in the market chaos. One thing that I may do for next week is start highlighting the profit potential as well as the current profit/loss the stock is experiencing. That way you get two different perspectives, where a good dose of stock management would allow for you to be more profitable than not in these setups.
For the purposes of this exercise, I took the price at the market open the day I issued the stock pick (which typically is the worst time to be starting a new position in my opinion), and took the share price of the stock, had I held it up until today (unless the stop-loss was triggered before then, at which I would consider the stop-loss to be the exit-price).
Here is the performance table in detail.