Two up trends positions. Positions are added incrementally as the trend advances. There is always a hard stop placed, intially based on volatility, then advanced as positions are added.


A new initiation late last week was PGM. Only time will tell whether they work out or not. I don't give a crap how % rates, the stimulus plan, the dollar, or anything else for that matter affects the price of these metals. All I know is that my proprietary models provided buy signals -- so I bought a little. That's it. Same for GOOG. I already added on three times in small increments. If it breaks down into the 340s rather than climb higher, my hard stops will be hit and that will be the end of it. No emotion, no hanging on what they are bringing to market, no conference calls, no BS to cloud my thinking. This is trading by the numbers. Very systematic. You know exactly where you're getting out so I don't have to worry about GOOG dropping to 100 w/ me in it and watching it the whole way down.


1 comments:
Just a quick thank you, I am getting a lot from your blog for my own trading. Your blog is much appreciated.
- David Parizek
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