10/27/2011 Portfolio Update

Trading Signals:

The system will try to long IWM tomorrow, set TNA buy stop at $53.45, stop loss around $33.21. This is a pyramid position.

TMV order was filled at open today.

11 Comments

joe shi on October 27, 2011 at 10:19 pm

IWM is $76.38 ya

Cobra on October 27, 2011 at 10:50 pm

Sorry, I mean TNA.

Jun Du on October 27, 2011 at 11:12 pm

HI Cobra, Great work. But I didn’t quite undernstand why TWV order was triggered this morning. In yesterday’s report, TWV was set to buy stop at 17.8. How come it was adjusted to 18.48? Thx

Anonymous on October 27, 2011 at 11:18 pm

Oh, I got it. thx

Anonymous on October 27, 2011 at 11:27 pm

Cobra, do you have a target price for spot gold? My guess is 1770 will be big resistance because that’s where it started to gap down hard? I’d appreciate any input as I recently bought DGP as well and am keeping the stop tight.

Cobra on October 27, 2011 at 11:32 pm

No, I don’t have. The research project is very preliminary. I haven’t figured out lots of issues, need run a year or two to detail everything.

For now it’ll keep adding into the winning position until the very first loser then out everything. So, no, no target.

TwinTurboRX7 on October 28, 2011 at 2:27 am

Cobra, with Stop loss at $33.21. Isn’t it a bit too much loss before the stop triggered?

Cobra on October 28, 2011 at 8:52 am

It’s not too much loss, don’t forget the risk amount is fixed which is 1,000, so the larger the stop loss, the smaller the shares bought.

Very big stop loss in swing trade is necessary to prevent premature exit.

And again this is research project, maybe later I’d use very small stop loss. I’m still thinking the way of stop loss now. No good solution yet.