What a good-looking trading day! Unfortunately I missed it. Zoomie didn’t, though, and made two profitable trades.
First was a short on InterDigital Communications Corporation (Nasdaq: IDCC):
Second was a short on Canetic Resources Trust (NYSE: CNE):
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| IDCC |  |  |  |
| CNE | | | |
November 1st, 2006 at 4:15 pm
zoomie, regarding your previous less-than-R losses opinions, i actually kinda disagreed on it, but you mentioned that you were going to write an article on it, so i decided to hold off my opinions until that came out.
but what happened was, i came across a PDF entitled phantom of the pits, and i think i get what u meant now.
hmm. interesting.
November 1st, 2006 at 4:55 pm
nice job zoomie
November 1st, 2006 at 8:21 pm
Ryuu,
Thanks for the feedback. I was going to write an article on how I changed my trading. Then I though I had better test it out before I thought it was the holy grail find ;). I figured that the proof is in the pudding; therefore, I am waiting for this week to finish, so that I have 1 month of data to post on my new results and methods. And yes, I think the Phantom is the King. I don’t advocate cutting a loss before an R 1 loss- I endorse closing the trade when it does not prove correct. There is a big difference.
Ugly: Thanks! I read your article, it seems you may have the same idea as I do in cutting losses. I assume the trade is incorrect, or a loser, until it shows me otherwise. When it proves correct is the time I do nothing.