NoFrills Trading 2006

Quote from 4XIS4U:

Here's a quick update as of today:

Position..Unrealized P/L
EXC (300) +690.00 (+4.2%)
UPS (200) -306.00 (-2.0%)
X (200) +1,310.00 (+14.2%)

Total unrealized P/L : 1,694.00
Total equity: 21,694.00

Charts
X is behaving quite nicely so far.

01172006_X_D_update.png


EXC is starting to gear up (IMHO)
01172006_EXC_D_update.png


Plan Compliance

So far I'm very happy with my ability to follow my plan.
I'll take partial profits on X when it hits 57.00 or 20% approximatelly.
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I don't necessarily agree with your approach to profit taking, but that's irrelevant. You seem to be sticking to your plan.

Keep it up.
 
Quote from sirpangolin:

I don't necessarily agree with your approach to profit taking, but that's irrelevant. You seem to be sticking to your plan.

Keep it up.
More...

sirpangolin - it sounds like you have a good understanding or a good profit taking method in mind. I'd be happy to hear your suggestions on how to improve my method or even adopt a completely different one. The whole purpose of this journal is to stick to my plan and also to learn.

thanks.
 
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