12/14/2011 Portfolio Update

TZA and TMF buy order filled but UCO buy order not filled and no longer valid.

Great day for the portfolio but it could be much much greater if I didn’t close DZZ and UUP emotionally. I’m kicking myself now, I’m an idiot, yes I am, don’t ever try to disagree with me (although I know nobody would actually disagree Sad smile). Can I beat 80%+ winning rate system? Apparently I cannot, then why I kept overriding rules? I should be shamed for being trading so many years while still not disciplined enough! Now the problem is, with DZZ and UUP having apparently climax run, I cannot lock any profits here which means I could eventually lose all the gains!

Since the SCO daily bar low is above the entry price so set the breakeven stop loss. And again, according to the new rule, I shouldn’t do the half out. Because of the above DZZ event, this time I decide to strictly follow the rule. Hopefully I won’t need kick myself again tomorrow asking why I’m so greedy!Winking smile


4 Comments on "12/14/2011 Portfolio Update"
  1. Comment left on:
    December 14, 2011 at 10:30 pm
    Anonymous says:

    Cobra, nice report. Do you still believe the Santa rally this year? When does the Santa rally start usually? thanks.

    • Comment left on:
      December 15, 2011 at 12:16 am
      Cobra says:

      I do believe.

      Santa Rally usually refer to the last 5 trading days of the year and the first 2 trading days of the new year.

  2. Comment left on:
    December 15, 2011 at 8:12 am
    Anonymous says:

    I must Thank you for a really good laugh this morning.  Gold is my  primary focus  and I sat and watched /GC blow down thru 1705 like my eyes were lying to me.  Also beat myself up good that afternoon.  Alf Fields has a Beautiful life story ( and a life time Investor experience)  about gold on Jim Sinclair’s jsmineset.com (about 2 weeks back) .  I think that anything gold requires a fundamental understanding.  It/we are in a millenial battle.  So your personal impulses are not off at all

  3. .
    December 15, 2011 at 9:34 am

    […] yes I am, don’t ever try to disagree with me (although I know nobody would actually disagree ). [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:12/01/2011 Portfolio […]

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