Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (3083)	4/2/2005 12:21:24 PM
From: Bob V	Read Replies (1) \| Respond to of 13449

Dabum: Reviewing your first quarter I have some questions that you have probably asked yourself. Firstly are commissions figured into your calculations? I seem to recall that you were not including them to start with. I estimate well over 100 round trips during the quarter that would add a significant amount to your P/L statement. Any fees for data feeds etc? It all adds up at the end of the year. How many different set-ups do you use? Which ones worked the best? I use three. (six if you reverse the three for short positions). I can’t really say which is best, as I tend to make other trading mistakes that would screw up any analysis. How many stocks do you trade and how do you pick them. I find that trying to monitor too many stocks just gets confusing. I’m trying to be selective and just follow a limited number. The theory being that if I get familiar with a limited number I stand a better chance of recognizing tradable patterns. Do you have a written trading plan? Do you follow the plan or sometimes trade on the spur of the moment or on a whim. (One of my trading mistakes) What part of your trading needs more work? In my case I still have a problem taking my initial stop. My losses haven’t been very big but I have let several small gains turn into small losses. I guess my fear of missing a move is still greater than my fear of taking a loss. My goal for the next month is not to take a loss on any trade that becomes positive. I notice that you had no “flat trades” in March. Are you holding too long “hoping”? Just some things to consider. Regards Bob