11/21/2011 Portfolio Update

Trading Signals:

The system had its very first failure since the Oct 3rd: DGP stopped out with $994.50 losses today.

The UCO buy stop not filled today but the system will try to long oil again tomorrow. Set UCO buy stop at $40.34, stop loss around $34.88.

The TMF daily low is above the entry price and according to the new rule that I shouldn’t half out but simply set the breakeven stop loss. However for the follow 2 reasons, I decided to half out. Let’s see if I made a right decision or not. Usually system is right though.

  1. It’s a black bar on TLT indicating a possible pullback tomorrow. The breakeven stop loss is too close so a little pullback tomorrow would stop out the TMF position.
  2. TMF position is a little too large because it was entered before my new rule of using 10 shares as the mini position unit, so the full loss would be: ( 67.89 – 54.22 ) * 100 = 1367 which is not too large, therefore it’s not a bad idea to half out as early as possible.


1 Comment on "11/21/2011 Portfolio Update"
  1. .
    November 21, 2011 at 10:45 pm

    […] to long oil again tomorrow. Set UCO buy stop at $ 40.34, stop loss around $ 34.88.The TMF daily low [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:11/01/2011 Portfolio […]

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