12/14/2011 Portfolio Update

Cobra's Market View Private Messaging System shows:

TZA and TMF buy order filled but UCO buy order not filled and no longer valid.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