Wednesday, August 20, 2008

Trades for 8-20-08

Used a new strategy today, all but the 1st trade of the day are with this new strategy I call “Group Trend”. I noticed today that my stop-outs on my new strategy were off by about $.05 to $.10. Hopefully that’s all I need to fix to get out of this rut I’m stuck in.

Today I had 5 trades, 2 longs, and 3 shorts. They were 1 gain, and 4 losses for a total of (-4.03%) or (-$1,150.40). Trades were:

BEN - Short (-1.17%) (-$339.20): 10k strategy, I got stopped out


JCI – Short (+.37%) (+$106.87): Group trend strategy, original stop-gain was $31.12


CAL – Long (-1.29%) (-$370.70): Group trend strategy, stopped out, if I had my stop just a few cents lower I would have made 1%+


DHI – Short (-1.20%) (-$340.47): Group trend strategy, stopped out if I had my stop just a few cents lower I would have made 1%+


DSX – Long (-.74%) (-$206.90): Group trend strategy, cut my losses should have waited to get out with a small profit :*(.

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