Monday, July 2, 2007

Going Long Port Update Update




Just so sweet today I had to post a picture. Up about $4300 today on the port. I have real shares in only two of these stocks. This port is working so well though, I plan to re-balance to mirror this port.

10 comments:

Muddy said...

Wow,
$4300 bucks would buy me a dogmobile for every day of the week and 2 for Sunday!!

Laura said...

LOL, 8 x $500 is $4,000. After buying fleet of dogmobiles, you would still have $300 leftover to fix the overhead light in the hallway that has been burnt out for 3 years. (Shaking head in disbelief over the level of laze.)

Anonymous said...

Muddy what is the method for this trading?

Laura said...

Anon,

I put a link on the right of the home page under Important Posts. Here is the method:

Going Long

Anonymous said...

Long Port Update:

Laura,

I looked at your last list you posted and most are either present or prior IBD 200 stocks. Are those mostly your candidates to hold for the long haul?

Laura said...

Hi Anon,

We weren't screening for IBD stocks per se, but the scan we are using is finding a lot of stocks that are on the IBD list. I think Stockbee said there are many methods for finding this type of stock.

I don't subscribe to IBD, but I do stop by the library once every week or two and photocopy the list to scan for new ones.

Anonymous said...

Could you please discuss how you determine an exit for a daytrade. As a beginner I get shaken out too quickly and leave money on the table. Thanks.

Muddy said...

"Could you please discuss how you determine an exit for a daytrade."

I use a 3-4% initial stop and if the trade gets to breakeven i'll usually adjust the trailing stop to 1/2 the stocks average 30 day daily range,ADR (30).

For example if you look at IVAN the 30 day is 4.51% so the trailer is 2% or so.
Looking at WWAT you see a 30 day of 11.6% so the trailer there is about 6%
You can see the big difference on these 2 stocks.
It gives the "swishy" ones more room for it's natural behavior.

Anonymous said...

Muddy, thanks for sharing your method on stops. Do you hold til end of day and do you move the stop up more than once? Do you do anything differently on market down days?

Muddy said...

I hold till near the close unless I get stopped out.
Yes I move my stop up everytime the stock hits a new high of day.
This is what is known as a "trailing stop".
You trail the stock price up using the same % stop as whatever your first trailer was.

No I don't do anything different on market down days.
Actually for day trading I prefer either a even kind of market day or a down day.
When I get a fairly big upside market day I get so many potential good runners it is hard for me to decide which ones to enter.
On down days I get way far less setups making it much easier to decide entrys.