Use access key #2 to skip to page content.

SharePlanner (< 20)

Trade Setup Performance Review

Recs

1

November 11, 2010 – Comments (0) | RELATED TICKERS: GBX , SNDK , RYL

Here's the performance review for all my daily long and short setups from 10/28 through 11/3. I wouldn't say that the performance was stellar by any means, and on the short side, there was a number of stops hit. However, prudent profit taking in the long-setups should have easily off-set the losses you many have experienced on the short side. At the very least there is no reason why one couldn't have broken even on these trades when all combined together - which isn't what I am gunning for per se, but lets face it, not every week will result in being profitable. Stocks like GBX and SNDK offered the best chances to profit at 9.7% and 11.1% respectively, while on the shorts side the opportunities were minimum with RYL (3%) and CMC (3%). 

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). I have also provided the optimal or the most that could have been made during this trade. With some simple risk management techniques, you should be able to capture a large portion of the profits relative to the optimal gain. I actually did this chart last night at the market close yesterday, so the results are based on those prices. 

Here is the performance table in detail.

0 Comments – Post Your Own

Featured Broker Partners


Advertisement