sandp500trader Challenge: Stock Trades.

[deaddog]

CORE Filled

 

[deaddog]

Week 3 summary;

Closed 2 positions 1 winner 1 loser

To date there have been 8 trades 7 losers 1 winner

Account is down 3.05%



Holding CARG,CORE, DSW, IIN

Risking 1/2% of capital on each trades employs just over 1/2 of my capital so will look to add another position or 2 next week.

 

[deaddog]

Watch list for Sept 24

NTRA Enter @ 24.58 Stop @ 23.50 Exit @27.82

TRHC Enter @ 78.40 Stop @ 75.15 Exit @ 88.09

CRUS Enter @ 40.38 Stop @ 39.55 Exit @ 42.87

PBF Enter @ 48.31 Stop @ 47.00 Exit @52.24

 

[deaddog]

PBF & TRHC Filled
CARG exit at target. Gain of 1.5% of account.


Now holding CORE, DSW, IIN, PBF, TRHC


Watch list for sept 25
AVAV Enter @ 109.35 Stop @ 106.02 Exit @119.34
BOOT Enter @ 28.72 Stop @ 27.77 Exit @31.57
TREX Enter @ 80.01 Stop @ 78.34 Exit @85.02
CVNA Enter @ 24.58 Stop @ 23.50 Exit @27.82
CRUS Enter @ 40.22 Stop @ 39.25 Exit @43.13

 

[deaddog]

CORE stopped out

BOOT filled

CVNA Filled

Now holding BOOT, CVNA, DSW, IIN, PBF, TRHC

 

[deaddog]

DSW Hit target.
Looking pick up another position from Sept 25 watchlist.

 

[deaddog]

AVAV came back to the 109.35 entry price and was filled.
Now Holding AVAV,BOOT, CVNA, IIN, PBF, TRHC

 

[deaddog]

Week 4 summary;
Closed 3 positions 2 winner 1 loser

For the month
There have been 13 trades closed;
10 stopped out and 3 exited at target.

Now holding 6 open positions.
AVAV, BOOT, CVNA, IIN, PBF, TRHC

The closed positions resulted in a loss of 0.55% of account value.

The open positions have an unrealized gain of 1.06%

@ sandp500trader Any point in continuing this exercise?

 

[sandp500trader]

If you'd like to continue, I think it would be interesting to see if over time you make money, or lose it. You're the only one who continued the challenge, everyone else dropped out pretty quickly.

 

[deaddog]

If you'd like to continue, I think it would be interesting to see if over time you make money, or lose it. You're the only one who continued the challenge, everyone else dropped out pretty quickly.

I think I'll drop it. Over time this system makes money, at least over the last 10yrs it has.
Win rate is 35% which yields a return of 20%. It doesn't win every month. I've had drawdowns of 10%.

The point if there is a point is that it is not the system but having the trust in the system and the discipline to follow it that makes the difference. After starting with 7 losing trades how many would have abandoned the system? You only gain that trust by developing your own system and trading it over a period of time.