Ode to Kirk

One my favorite web sites is The Kirk Report. I started reading it about a year ago when I was doing a search for information on the Zweig way of screening (my favorite). Kirk had a post on screening and I was hooked from then on. The guy is way more intelligent than I am and seems to have an inside track into the workings of the market (stuff that completely confuses me most of the time). He has a members only section of the site that is worth way more than the $50.00 per year he charges to use it. Frankly, I don't have any idea how Kirk compiles so much information. It seems like there are 14 people living at his house helping him post each day. I look over his website about 5 times a day. I hate it when he takes vacations. I learn something new every day. There's no other website that offers so much for so little. Take a gander and drop $50. You'll make it back in a couple of minutes.

WiserTrader

I'm no longer tracking my Wisertrader screen. It has underperformed many of my other screens. I really like the concepts and information that the Wisertrader newsletter has each week, but I'm more comfortable with the screen process that I've put together.

Wimpy Week

For the week, I made .6 percent including commissions. The screen made 1.34 without commissions which would have pulled it down to about 1.2%. or twice what I made managing my account.

Mistakes:

1.I had my stops too tight to each stocks support. That stopped me out of PCP too early.
2.I didn’t buy my group of stocks early enough—I waited until 9:00 which kept me from some gains.
3.I should have followed up on stocks that I didn’t buy with stops the next day to capitalize on upward moving stocks.
4.I got happy feet and bought HNZ based on Media Sentiment. Too much knee jerk. I need to follow MS longer before I jump into it.

Successes:
1.I sold GES after it dropped through its support. It continued to decline and ended up -7.05 for the week.
2.I avoided my usual drama by setting stops and letting things ride.

Next week should be a little more normal since this was my first week following my new strategy