Trade Setup Performance Review
This is the new feature that I started last week, that I got some good feedback on, and that was providing you with a track-record of how my daily morning stock picks performed. I will not evaluate the previous 5 trade setups until next week, when it has some time to establish a performance record. Instead for this write-up, I will focus only on July 28-August 3.
As I already stated, I provide provide daily trade setups, and for the purposes of this exercise, I took the price at the market open that day I issued the stock pick (which typically isn't my preferred time to initiate a trade, personally), and looked at the gains, had I held up until today (unless the stop-loss was triggered, then I consider that the exit-point). For next week, I will provide this week's performance.
Most of the picks I recommended didn't perform all that well, but the losses were well-managed, but the ones that did perform well (BTN, COLB, and JST), went on a profit rampage and more than made up for the minimal losses in all the other stocks.
Here are the Trading Results...