An Experiment In Not Losing Too Much Money

[Snow Leopard]

So Friday GXL closed below the $8.30 initial stop loss we put up and never moved so today we sold them for $3,056.53 ($8.28 each) booking a loss of $264.45 on the trade.

Perhaps I should have had a looser stop, or not have bought at all , but it is done and dusted now.

So time to look out for something else to buy.

Best Wishes
Paper Tiger.

[Snow Leopard]

Hate those "fakeouts". No way to tell the difference between that and a genuine breakout either, but thats why a trader must have a pre-determined exit strategy. I probably would have used the indicators rather than the $ amount and exited on the 26th March at $8.34 - $8.42.

The dollar amount is just to emphasize that we are limiting our losses on any one trade to a maximum (but often less) of 2% of our total portfolio value. This is currently $500 on our original $25,000.
In theory initial stop loss values are chosen for good reasons (yeah right!) and when changed are always raised, never lowered.

The primary problem with share prices is that on an individual basis some of them do not do what you want the to do:
You buy them and then they start to go down;
You sell them and then they turn around and climb again.
But some are more amenable.

So you win some and you lose some but if you win more on the winners than you lose on the losers then overall you are a winner.


Bought a new one for the experiment today, good grief is that the time? I will post it up later.

Bye for now & Best Wishes
Paper Tiger

[Snow Leopard]

Sold the SRX today: 174 @ $32.01 so $5569.74 less $15.37 brokerage

Gross profit: $2,233.00.

Now have $8836.27 cash - must buy something new .

Best Wishes
Paper Tiger

[winner69]

Are those dividend adjusted prices PT

[Snow Leopard]

Are those dividend adjusted prices PT -

best wishes
paper tiger

[Snow Leopard]

Bought 829 ISD @ $3.985

Details & weekly wrap-up tomorrow

Best Wishes
Paper Tiger

[Snow Leopard]

More down than up



Best Wishes
Paper Tiger