I exited 300 shares of DZZ at $28.90 (entry at $25.85) for a $915 gain (+11.8%). Hold time 5 days.
I exited 300 shares of NKE at $69.75 (entry at $65.90) for a $1155 gain (+5.8%). Hold time 5 days.
Both exits were the result of hitting targets. I setup a trailing stop on DZZ last night in case it kept going up--protecting my profit with a stop at $29. NKE had a sell limit order placed just under my target level.
I bought 400 shares of NFLX at $36.20. This is a breakout trend pullback setup.
I bought 100 shares of SKF at $100.68.
I am still holding GTLS and DUG, which is very close to my stop-loss.
One important new development. I have decided to ditch the "virtual" trading portfolio idea. I still am going to focus on educational aspects of trades, so hopefully I can appease both sets of my readers (those who want more of a focus on education and those who want to know what I am doing).
I am running short on time, but will detail the NFLX entry tomorrow.
Showing posts with label trading portfolio. Show all posts
Showing posts with label trading portfolio. Show all posts
Wednesday, April 02, 2008
Monday, March 31, 2008
Trade Portfolio Charts: GTLS and DZZ
GTLS is an earnings breakout play that has shown accumultion as it consolidates the breakout move. A key day was early last weak when it confirmed the hammer the stock printed at the breakout point. The RSI and OBV trends are positive and the volume pattern has favored up days.
My target is the recent high of $38, while my stop is just under the breakout point, around $31. This gives me a nice 2.5:1 reward to risk ratio.
I am using the well known gold ETF GLD to detail why I entered DZZ, which is a leveraged inverse short ETF. I am using this chart because it gives a good example of how I like to play "fallen momo stocks". Note that Gold is showing many of the elements that DBA and other ag stocks showed as they broke down.
Why use an inverse ETF rather than short GLD or other gold stocks? The short ansser is I don't have to borrow shares, thus I don't incur any interest charges.
Updated Trading Results:
My target is the recent high of $38, while my stop is just under the breakout point, around $31. This gives me a nice 2.5:1 reward to risk ratio.
I am using the well known gold ETF GLD to detail why I entered DZZ, which is a leveraged inverse short ETF. I am using this chart because it gives a good example of how I like to play "fallen momo stocks". Note that Gold is showing many of the elements that DBA and other ag stocks showed as they broke down.
Why use an inverse ETF rather than short GLD or other gold stocks? The short ansser is I don't have to borrow shares, thus I don't incur any interest charges.
Updated Trading Results:
Trading Portfolio Update: DUG, DZZ, GTLS and NKE
The first four positions of the trading portfolio were made on Thursday and Friday:
300 shares DZZ at $25.85.
300 shares of DUG at $38.13.
300 shares of GTLS at $33.96
300 shres of NKE at $65.90
DUG and DZZ are short bets on Gold and Oil Services. Later today I will post detailed analysis of these entries.
300 shares DZZ at $25.85.
300 shares of DUG at $38.13.
300 shares of GTLS at $33.96
300 shres of NKE at $65.90
DUG and DZZ are short bets on Gold and Oil Services. Later today I will post detailed analysis of these entries.
Friday, March 28, 2008
The Market Speculator's Trading Portfolio
Over the past month I have focused much of my free time on trading research. Currently my focus is on two research areas, breakouts and bear market turning points (I'm currently studying the markets during WWII and 1970s).
Unfortunately, this has taken some time away from this blog. I have done a good job of laying out trading ideas that have been on the mark for the most part, but something had to give, and it was my personal portfolio updates and trades. I like my trade updates to be the same day I make the trade and lately I haven't been able to do that. I thought about posting them a few days later, but that opens up doubt within my readership as to the validity of my trades, so I decided not to do that.
To remedy this, I am going to create a virtual trading portfolio. This will take the stress out of trying to update my trades as quickly as possible. Many of the trades I make in the portfolio will be trades I am making in my own account, some will not. Rather than just posting trades, I will focus on the strategy behind each trade. I also plan to track the portfolio with detailed portfolio results and periodic reviews. I will be a great learning tool for both you and me.
I started the porfolio today, taking short positions in gold and oil, and long positions in a few select stocks. I will update the portfolio this weeknd.
Unfortunately, this has taken some time away from this blog. I have done a good job of laying out trading ideas that have been on the mark for the most part, but something had to give, and it was my personal portfolio updates and trades. I like my trade updates to be the same day I make the trade and lately I haven't been able to do that. I thought about posting them a few days later, but that opens up doubt within my readership as to the validity of my trades, so I decided not to do that.
To remedy this, I am going to create a virtual trading portfolio. This will take the stress out of trying to update my trades as quickly as possible. Many of the trades I make in the portfolio will be trades I am making in my own account, some will not. Rather than just posting trades, I will focus on the strategy behind each trade. I also plan to track the portfolio with detailed portfolio results and periodic reviews. I will be a great learning tool for both you and me.
I started the porfolio today, taking short positions in gold and oil, and long positions in a few select stocks. I will update the portfolio this weeknd.
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