Weekend Review for 4/7/2013

Sorry, I promise I will honest post result every week ... here it goes.

Last week we made 4 trades with average $6K per trade.

Small size because the uncertainty of market direction.

 

BEAM gap up with general market on Tuesday, we grab 3.7% profit and exit right on time.

 

INTC and STO, nice patterns but stopout follow 3 days of market down trend.  Loss 3.8% and 2.1% each.

If I adjust exit time > 10:16, it will loss 3% and 1.5% … and combine of 1.5% saving.

*So I adjust exit time > 10:16 from now on.

 

We still hold NUS, which is gaining 1.9%.

 

We are 98% cash and only 2% invested in NUS … this week loss is about 0.02% of fund.

 

General market direction short term confirm downtrend, I’ll focus more on short setup until pattern reverse.

 

Because don’t know how QE will affect market, my average position size will be $4.3K for Long and $8K for short for now.

 

Hope we can be profitable next week.

 

Your advice are most appreciated.

 

Cheers,

 

Hsin

 

Symbol	Patterns	Close	In Date	Entry	X Date	Exit	P/L%		ATR%	Industry	Weekly Comment
BEAM	abc	64.3	4/1	$63.25	4/2	65.59	3.7%		1.7%	Beverages (Alcoholic)	Excellent exit, breakout fail, remove from buylist
INTC	abc	20.94	4/2	$21.58	4/5	20.77	-3.8%		1.7%	Semiconductors	Stopout at low point, back to watch list
STO	abc	24.19	4/3	$24.42	4/5	23.9	-2.1%		1.2%	Oil & Gas - Integrated	Stopout at low point, back to watch list
NUS	abc	44.91	4/3	$44.06			1.9%		2.6%	Personal & Household Prods.	Pattern intact, use trailing to protect even
							Weekly P/L:	-0.3%		*Exit INTC & STO at low point cost about 1.5% … 1. Change SL time to 1016 then follow by trailing