Those of you who read my blog frequently know that I spend a great deal of time thinking of ways to help people increase their trading profits. I spent this weekend thinking about the best way to show / teach people to use my Profitable Stock Exit Strategy Tool to improve their trades. Then it [...]
Just a quick update on our virtual portfolio.
The Money Flow Index on the SPY is starting to turn over a little bit, which is usually an indicator of a counter trend rally. Therefore I decided to take some of the profits we have already made.
At the open, the portfolio contained the following:
SPY – 32 shares [...]
Hi all, I just put together a quick video to review monsanto as today would have hit some of our
stops.
One thing to keep in mind is that not all trades are winners, and the goal is to minimize how much we lose in a losing trade. That is the purpose of setting quality stops. Here’s [...]
Before I get started on today’s topic, I thought I would review the trade so far:
Trade size – 100 shares
Trade opened short - 10/20/2008 at $89
Currently – 10/23/2008, stock price – $74.91
Profit – $15.09, or 15.83%
Posts About This Trade:
http://recordpricebreakout.com/new-hot-stock-pick-mon-short-10-19-08/
http://recordpricebreakout.com/monsato-mon-short-pick-update/
http://recordpricebreakout.com/trailing-stops-a-live-trade-example/
Managing Open Positions
There are many skills a trader must learn in order to take the most profit from [...]
#adp01
Today Monsato moved down by 10.4%, which takes our 2 day total to 13.9% profit.
Catching moves like this is exciting, and scary all at the same time. It is very tempting for many novice traders to become greedy, thinking that the money train is unstoppable. The other thing that can happen psychologically is for traders [...]
