Handgun's journal

[drukes1234]

Going to start a new journal here -- test out some concepts and see how it goes.

I'm very good at picking off moves for about 5% but I never found the risk/reward for 5% good enough. So now I am only taking trades where the fundamentals are good for a longer term trade.

I'm going to start by buying PG (Procter and Gamble) and HAL (Haliburton)

 

[drukes1234]

Filled on HAL @ 57.40
Filled on PG @ 55.98

 

[drukes1234]

And if anyone likes the OTC plays on the side just for fun -- I'm buying some BVOL -- my avg. is 2.05 on that stock

 

[drukes1234]

I guess no one likes to make money in this forum...

 

[drukes1234]

End of the week scoreboard for the journal.



HAL +6%
PG +3%
BVOL +15%

 

[drukes1234]

BVOL +21%


Took 1/3 off the HAL position


Still have the full position in PG

 

[drukes1234]

I took a small position today in Cendant as well...

 

[peilthetraveler]

Hey Handgun. We are Traders here not investors...we measure things in pennies not percents. We also close out our positions at the end of the day not hold them for a week. You are cheating!

 

[coolweb]

Nice btw.

Nice positions.

 

[HorsesToTrading]

Quote from peilthetraveler:

Hey Handgun. We are Traders here not investors...we measure things in pennies not percents. We also close out our positions at the end of the day not hold them for a week. You are cheating!

profitable is profitable