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To: The Ox who wrote (1410)	1/23/2013 2:17:37 PM
From: The Ox	Read Replies (1) \| Respond to of 8239

I need to correct a misstatement in the previous post. There were 2 large losing trades since Oct 1st and a total of 9 losers and 27 winners with 5 large winning trades.

To: The Ox who wrote (1410)	1/28/2013 3:02:59 PM
From: The Ox	Read Replies (1) \| Respond to of 8239

NVDA in reversal mode

To: The Ox who wrote (1410)	1/31/2013 1:45:31 PM
From: The Ox	Respond to of 8239

In December, ZIOP bottomed at 3.89, then rebounded to the $4.70s. The stock is back to the low $3.90s. It will be interesting to see if it reverses anytime soon. There was a huge drop and rebound ion the same day n Oct that may be indicating further weakness should be considered very likely. On the 2 year chart, this has been the area to buy, as the spikes down have rebounded quickly. Long term and short term trends are steady down. ZIOP will release major data on their headline study some time in the next few months. Last year's low was 3.36 and 2 years ago it was 3.55, fwiw.... The chart can be viewed at the bottom of this page: Message 28648163

To: The Ox who wrote (1410)	1/17/2014 12:38:42 PM
From: The Ox	Respond to of 8239

Somehow during the early part of 2013 we lost our way a bit. As I mentioned recently, we tightened up our approach and it's working better. I post this again, as I didn't realize I had said nearly the same thing at the end of 2012!! 2012 wasn't all that bad but it wasn't the best of years, to say the least. On the other hand, 2013 was very, very good to us. But we did overreach on a number of positions in the first part of 2013 and those mistakes cost us dearly. 2013 These 5 losses alone totaled 53% of our total gain. That is totally unacceptable! After these large losses, we changed our approach and have cut losses much quicker than in the past. This has been a very, very good move. Were those positions dumped according to our new rules, the long term portfolio would have been up nearly 38%. In other words, we could have improved our performance by nearly 41% if we had had stricter rules in place on how much downside any one position is allowed. Ironically, had we simply held all positions and never sold, we'd be barely up combined. Our position sizes were too large and we didn't have our downside stops firmly in place. 2 very common mistakes people make and both are completely preventable!! This was an important reinforcement of a basic lesson and we wish to emphasize it to others. Let your winners run, cut your losers short and quick. 2012 Our timing is much improved. We have not had to trade out of a loss yet this year and only once in the past 3 months. We've also scaled back position sizes to reduce risk. Similarly, we're not aiming for the fences with our trades. We've been taking gains as they appear and have done a much better job of letting the winners run. We've mostly sat on the sidelines during large downtrends and this has also improved our winning percentage.