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Strategies & Market Trends : January Effect 2001
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To: Q. who wrote (114)12/27/2000 4:59:08 PM
From: Q.  Read Replies (2) of 289
 
Now that December is nearly over, it's time to think about the exit strategy.

As I mentioned in my first post, in previous years I found that what worked best was a mechanical plan:
* I sold everything by the first Friday in February, unless:
* If a stock had a +35% gain on a stock, I sold it automatically by a limit order

Well, today I had my first sale at 35%, when a limit order triggered. It was VCLK.

I wasn't expecting a sell order to execute in December. It isn't what I wanted. Now I've got a capital gain for 2000, and besides that, there's a good chance that I'll miss more bounce over the next few weeks.

I should have waited until January to enter my limit orders to sell.
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