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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (3043)2/12/1999 3:47:00 PM
From: Ken Adams  Read Replies (1) | Respond to of 39683
 
TC,

Is your Candlestick Port all longs? What's the strategy here?

KA



To: Dr. Stoxx who wrote (3043)2/19/1999 3:29:00 PM
From: Dr. Stoxx  Read Replies (1) | Respond to of 39683
 
I've weeded out 3 stocks from the portfolios that have gone nowhere but the wrong direction this week. Had we been playing these with real money, we would have been stopped out well before their big losses. But to be fair, what I will do with future purchases is limit the number of shares to what can be bought with the reduced lot size. Just as I will reinvest profits.

I also covered the ABTX short for a 21.3% gain (5 days) and replaced it with BEBE.

As it stands, the 4 portfolios, with about $35000 invested on margin, are up 3.3% roughly.

TC.