KGTrader4 Real Money

deaddog said:
WTF!! Wasn't That Fun.
Don't feel bad. I sold 5 positions this morning because they had hit their stops. I consider them all good trades because I followed my plan. Now I have a fistfull of cash for when the next opportunity presents itself.
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Thanks. m good with it. I stuck with what I originally set up as my plan.
I was actually on the golf course, did not have stops in, but had a copy of my spreadsheet so I’d remember what the stops were. I checked prices every hole (not a great thing to do on the go,f course). When it hit, I sold, i didnt think.

so yeah, I think I did the right thing. :-)
 
A quick glance at those charts leads me to believe you're employing some sort of "trend joining" strategy: finding a stock in an uptrend and hopping on board hoping the trend continues. Is that pretty close to accurate? Otherwise those names just look kinda random to me.
 
tomkat22 said:
A quick glance at those charts leads me to believe you're employing some sort of "trend joining" strategy: finding a stock in an uptrend and hopping on board hoping the trend continues. Is that pretty close to accurate? Otherwise those names just look kinda random to me.
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buying what looks to me like breakouts. new to trading
 
Seems like this is all working the way it’s supposed to. I got stopped out of volatility and I’m left holding UNH, and MRK. Which is fine.
 
KGTrader4 said:
Seems like this is all working the way it’s supposed to. I got stopped out of volatility and I’m left holding UNH, and MRK. Which is fine.
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At least for a couple more days. :)

I've often said I'd rather be in cash when the market went up than be in stocks as the market goes down. Practicing patience can be difficult.
 
deaddog said:
At least for a couple more days. :)

I've often said I'd rather be in cash when the market went up than be in stocks as the market goes down. Practicing patience can be difficult.
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I actually said this to my wife today. When I told her I reduced equity in our long term portfolio from 59% to 35-36%. (Even 50% is low for me).

market isn’t taking off anytime soon , IMO, if I miss a technical/short covering bounce, I. Ok with it.
 
Bought 170 shares KHC @ $42.98. Stop @$37
Strong chart, stock has pulled back a little, earnings out of the way as of today. Stop at support (daily time frame). Close to multi year breakout.

from this point in, I will limit loss @Stop to 1% of capital, until I feel I’m starting to have a clue what I’m doing.
 
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KGTrader4 said:
Bought 87 shares @ $42.90. Stop @$37.20
Strong chart, stock has pulled back a little, earnings out of the way as of today. Stop at support (daily time frame). Close to multi year breakout.

from this point in, I will limit loss @Stop to 1% of capital, until I feel I’m starting to have a clue what I’m doing.
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Are we supposed to guess which stock? :)
 
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