Thursday, March 20, 2008

One more QID shot...

And another loss. Maybe I should just give up on the QID. As soon as I do, it will print a perfect setup and pop, I know it. Oh well.

QID:

Gross: -$3.25, net -$6.29

Quick commentary: I am fully aware of my chicken sh!t ways of taking partial profits early and often, yet letting losers go full position to stop loss. So today, I decided to take 1/2 the position off after the stock declined half way to my stop. Although...I did wait for it to go past and then return (bad...). I will continue this trend until I have sufficient data/observations on how stocks behave (aka, how many go 1/2 way to stop loss, how many of those stop out, etc.). More criteria later. Nonetheless, I was able to save a little bit of cash and provide further patience and objectivity using this slight tweak to my system.

Weekend numbers: $2971.85, up +$33.68 or +1.15%, 1 of 3 trades winner, 2.04 profit factor

A good week and I am excited to go on to next week. Damn 3-day weekends!

Masterjaz out

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