Sunday, April 11, 2010

Apr 5 - Apr 9 completed trades

4 profits, 0 losses- +7.87%
Average Profit - +1.97%
Average Loss - 0%

Total account up 15.26% YTD (after commissions)

Open Positions: NEP 

I am pretty pleased with the way I traded this week dear readers. Or rather, the way I did not trade. I could trade only during the first three days of the week due to certain personal issues that arose in the latter half of the week. But during the time I did trade, I stuck to my resolution of not overtrading. I let the plays come to me, rather than forcing stuff to happen. I hope I can continue in the same vein and this can actually turn into a habit. But that is getting rather ahead of myself. One week does not a trading plan make. 

A lot of plays that I had mentioned broke out this week - RDN, PMI, MTG, LVS, WYNN, MGM, SWC, PAL to name a few. But the one I liked the best was NEP which I pointed out the exact day it broke. The confidence I show in this post where I point it out surprises me too :). I hope you readers were able to profit from some of these calls. Looking at the week ahead, I am mostly in cash but for NEP which reports later this week. I will try not to trade till my personal issues get sorted out, hopefully by the middle of the week. Trading when you are not in an emotionally settled place is a form of overtrading too. 

I will be back this evening with a few stocks for your watchlist.

Take care.


1) The table shows only completed trades of the week. The positions that are still open will be accounted for in the week that I close them.
2) The YTD calculation includes the open positions. I just take my account value at end of Friday and calculate it. So, it also includes commissions which do matter a lot to a small account like mine.

Which other blog reports results after commissions? :)

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