Trade Setup Performance Review
Some gains were to be made this past week with the daily long and short setups that I provided, but there was no clear breakout play that we typically see, yielding in excess of +10% in gains, except for TIE. On the short side there were profits to be made for every setup, while on the long side, the only one you could have made a profit on was CEL, which I only managed to make about 1% on. For next week, I'll be actually providing how I traded each of the setups, so be on the lookout for that.
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.
Below is the performance table in detail.