• Portfolio Management for January 13, 2013

    The weekly section will roll into new long trades on Monday.

    As for me, I missed two long trades: LOCK and WIT, which hit their target on Friday, but I was not available to trade them and by the time I was, they were already getting away from me. It is not because I do not enter some trade that you should not do it. I am not on the trading desk all the time.

    I decided to close the TRIP short when the market started to bounce at the end of the day.

    The Portfolio screen is therefore very simple: one long SUNE position.



    I added a few columns to the trade screen in order to take into consideration the probability of reaching a target price that is identical to the stop loss level. This allows us to eliminate the potential trades that offer a probability of greater loss than profit.



    I highlighted in yellow the stocks whose Profit/Loss probability ratio is lower than 1. In red are the stocks that offer a probability higher than 33% of hitting the stop loss. In blue are those whose probability of hitting the target entry price is lower than 10%. This leaves only a few stocks that will make the screen for Monday.



    HLF and NBL are shown below.