Friday, September 1, 2006

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

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