NoFrills Trading 2006

Discussion in 'Journals' started by 4XIS4U, Dec 22, 2005.

  1. 4XIS4U

    4XIS4U

    2005/12/28
    Long [UPS] 200 shares @ $76.43 stop loss @ $ 74.7
    total risk $350

    * Refer to chart for comments

    daily view
    [​IMG]

    weekly view
    [​IMG]
     
    #11     Dec 28, 2005
  2. 4XIS4U

    4XIS4U

    US Steel (X) position has gone up for the last 3 trading days.
    Adjusting stop to break even.
     
    #12     Dec 28, 2005
  3. skepticaltrader

    skepticaltrader Guest

    Hi 4XIS4U,

    Would you be willing to share your spreadsheet? It seems to be password protected. If not, I understand.

    Thanks
     
    #13     Dec 28, 2005
  4. Excellent, anal-retentive journal. We can all benefit from 4X's attention to detail.
     
    #14     Dec 28, 2005
  5. 4XIS4U

    4XIS4U

    Skeptical -- I've extracted this sheet from a Workgroup, that's why it has a password for the code... but, for this specific sheet there's no code, only formulas... all there.

    Thanks!
     
    #15     Dec 28, 2005
  6. 4XIS4U

    4XIS4U

    riskarb - I take your compliments.
     
    #16     Dec 28, 2005
  7. man with this much time invested in thinking about the whole thing, you should be a millionaire by the end of the year. and to think I wake up every morning and wing it, you make me look silly....................:)
     
    #17     Dec 28, 2005
  8. 4XIS4U

    4XIS4U

    I'm hoping this whole planning will lead me to consistency and better discipline. I came to the conclusion that I've spent way too much time on sharpening my setups, exits and all and none of it works without money management IMHO. :D

    Good luck to you.
     
    #18     Dec 28, 2005
  9. well why i never went through any of this hardcore planning that you got going on i managed to pull millions out of the market. My hope is that you can replicate some of what i have done. I like to see any trader make consistent money day in and day out, so my hats off to you to start out this way............................
     
    #19     Dec 28, 2005
  10. 4XIS4U

    4XIS4U

    My X position is progressing well ... what to do ?

    Few things can happen here:
    1) Go up until hits the first resistance
    2) Consolidate a little and then continue until it hits the first major resistance (last pivot high)
    3) Consolidate and break down through support....

    Looking at the weekly chart, I decided to leave it open... stop at break even.

    today
    [​IMG]

     
    #20     Dec 29, 2005