Saturday, February 14, 2009

GOOG, SLV



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:

David Parizek Jr said...

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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About Me

phil
I'm a professional trader with 25 years of experience. I try to avoid all outside influences and other opinions when it comes to trading. All that matters is price. Forget the other BS its basically useless.
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DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT. Investment success is far from a sure thing. This site is solely intended for educational purposes. I am not a registered investment advisor and it is not my intention to provide anyone with investment advice. I am not recommending that any reader of this blog buy, sell, short, or engage in any other investment strategy based upon the content set forth herein. I strongly urge all readers to perform their own due diligence before investing and or trading their funds. I will not be responsible for any readers financial losses.