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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: chowder	1/31/2005 6:46:16 PM
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JANUARY O5 TOTALS: 16 Winners 19 Losers 9 Trades finished flat Average gain per winning trade: 4.0% Average loss per losing trade: 2.0% Total profit/loss ... Up $2460 Percentage profit/loss ... Up 1.2% Nasdaq ... down <5.2%> Russell 2000 ... down <4.2%> Dow ... down <2.7%> S&P 500 ... down <2.5%> Analysis: It was a tough month to trade with all of the indices showing a loss. I had 9 trades that were initially profitable ending up flat. Although I did a good job of not letting profits turn to losses, a stronger market would have provided some very nice returns as the chart set ups actually worked well in poor market conditions, we just didn't get any follow through. Hence, the high number of trades ending flat. I'm still showing more losers than winners but the winning trades are outperforming the losing trades by a 2 to 1 margin. Hence, even though market conditions were poor and there were more losers than winners, I still showed a profitable month. A good buy and sell strategy should continue to show profits even in poor market conditions. That objective was accomplished this month. Highest gainers: ADBL (first trade) up 10.1% ADBL (second trade) up 8.8% HUM up 7.1% Worst performers: SIM down 4.9% ARRS down 4.4% AQNT down 3.0% Suggested improvements: I'm not sure at this time. I will need to reflect a little more. The markets were down for the month and I was up. I don't plan on changing or adjusting anything at this time. Observation on the current strategies: I will continue to look for trades with at least a 2 to 1 reward to risk ratio. I am going to increase the percentage of money per trade. It's time to use a little more leverage and allow the power of compounding to work in the favor of the portfolio since I'm still able to show a profit in poor market conditions. dabum EDIT: I don't think the portfolio was more than 35% invested at any time. This provided good downside protection in poor market conditions. This makes the profit for the month much more respectable. Managing risk is paramount and that objective was achieved as well. As market conditions improve, I'll invest a larger portion of the portfolio. The 1.2% for the month was on the total portfolio even though I was mostly cash.

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