I have enjoyed seeing your trades in KKD and CAT. But I would have to agree with many of the others here that your trading seems to lack consistent rules, or any rules for that matter. Some have commented that your style of trading is a sure way to go bust. These are actually pretty fair comments.
You go against everything I have learned the hard way for myself. I have a firm set of rules that have evolved where I have hard stops, let my winners ride, criteria for stock selection, do not add to positions (especially losing ones!!!) and quite a few others. In my trading these rules cannot be broken, for over long periods of time and hundreds of trades small differences in returns per trade will be huge. A firm set of rules within a system also helps one emotionally deal with small set backs rather than a casino, fate, gunslinger, gambler mind set.
Anyway, with the trade you did with KKD you had two buy in points and three sell points netting you 2.17%, .95%, and 2.47%. You managed this trade pretty well although you should have been in much earlier. I just wouldn't have picked KKD to trade with at all. It tends to gap up and down more than that. I just don't like the way it moves, the risk/reward is poor on my system charts.
I think CAT is a bit better choice cause it "moves" better. I think this trade could be a pretty good one as the chart shows. Monday will be interesting, either the stock heads down or a divergence will be building. You could have waited until CAT breaks the trendline, it would have been lower risk but probably smaller gain. I don't follow this stock, but the chances are probably around 55% + or - it will move down before your stop (?) would be hit.
I will be watching to see how you manage this trade!
