CDE @ 23.77 Short
HL @ 9.14 Short
WLT @ 127.01 Short
Generated at 12:29 PST on 1/28
HL @ 9.14 Short
WLT @ 127.01 Short
Generated at 12:29 PST on 1/28
Monday, January 31, 2011
Thursday, January 27, 2011
Thursday, January 20, 2011
Wednesday, January 19, 2011
01-19 Trades
Preferred
VECO 46.26 S
Alternates
AXL 15.12 S
COCO 4.94 S
STEC 20.89 S
TEN 44.12 SBasically all indicators pointed to SHORT.
This list generated at 12:41 pm on 01/19/2011
Tuesday, January 18, 2011
01-18 Trades
HTZ short @ 14.22
IOC short @ 76.46
These recommendations were established at 12:57 pm or thereabouts PST.
IOC short @ 76.46
These recommendations were established at 12:57 pm or thereabouts PST.
Plan for 2011
2010 had been a roller-coaster year in terms of my performance.
I had done way too much trading and didn't manage money well and didn't have enough confidence in many of my trades. There had been many small gains and a few large losses - recipe for disaster.
Frustrated with lack of patience and a clear, well paced trading plan, I wanted to stay away from active trading and follow the markets and try phantom trades. As I have been following the Elliott Wave principle and newsletters from Elliott Wave International, I wanted to "park" my portfolio in ultra short ETFs, keeping with the macro predictions of bear market while I experiment off line with my trading strategies. Unfortunately, I started this plan in early July and has been going with it since. Needless to say, the market has been steadily going up in this timeframe and if the wave interpretations of EWI are correct, my stint in this respect coincides with wave 5 of the bear market rally - not a great thing.
In the meantime, at the turn of the year, I came up with a heuristic that seems to work reasonably well. This is not in a mechanized way, but as a mechanized detection of interesting but fleeting stock positions that need to be evaluated manually.
I plan to have an entry for each trading day just before close indicating the positions I would take if I were actually trading using the scheme. At the end of the day, a comment to this entry would give all the competing positions from which I selected the "winners" and give rationale as to why I chose them. The next trading day, another comment to the original would give exit actions as appropriate. Another comment would then complete the picture with all candidates considered and analyzed for future picking.
The idea is to keep this up until at least the end of January 2011, perhaps a little into February as well, and then evaluate the efficacy of the approach. If there is promise, then the current Ultra Short ETF position can be liquidated and the new approach adopted for potentially better returns.
I had done way too much trading and didn't manage money well and didn't have enough confidence in many of my trades. There had been many small gains and a few large losses - recipe for disaster.
Frustrated with lack of patience and a clear, well paced trading plan, I wanted to stay away from active trading and follow the markets and try phantom trades. As I have been following the Elliott Wave principle and newsletters from Elliott Wave International, I wanted to "park" my portfolio in ultra short ETFs, keeping with the macro predictions of bear market while I experiment off line with my trading strategies. Unfortunately, I started this plan in early July and has been going with it since. Needless to say, the market has been steadily going up in this timeframe and if the wave interpretations of EWI are correct, my stint in this respect coincides with wave 5 of the bear market rally - not a great thing.
In the meantime, at the turn of the year, I came up with a heuristic that seems to work reasonably well. This is not in a mechanized way, but as a mechanized detection of interesting but fleeting stock positions that need to be evaluated manually.
I plan to have an entry for each trading day just before close indicating the positions I would take if I were actually trading using the scheme. At the end of the day, a comment to this entry would give all the competing positions from which I selected the "winners" and give rationale as to why I chose them. The next trading day, another comment to the original would give exit actions as appropriate. Another comment would then complete the picture with all candidates considered and analyzed for future picking.
The idea is to keep this up until at least the end of January 2011, perhaps a little into February as well, and then evaluate the efficacy of the approach. If there is promise, then the current Ultra Short ETF position can be liquidated and the new approach adopted for potentially better returns.
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