A 70k bet that I can't make a 50% gain in 2009

geez, for myself, I'd like to not set the target...for the reasons you mentioned above. However, a hard stop is a MUST. No ifs, buts, maybes or otherwise!

I would like to just move the stop once the trade goes in my favor. First to b/e, then to 1/2 of desired goal, then to 1/1 and keep moving it as the price moves in my favor.

If I'd get stopped out...so be it. At least the stop was there.

 

6/10/09:

Total P/L +502.75
3 trades
2 wins
1 loss

 

6/11/09:

10:00 2000 BRCM SHORT 27.18
STOP 27.28
TGT 26.98

 

6/11/09:

10:10 1000 SPY BUY 95.23
STOP 95.03
TGT 95.63

 

6/11/09:


10:31 600 AAPL BUY 141.24
STOP 141.94
TGT 141.84

 

Do you follow this stop-or-target discipline because of psychological reasons (No second guessing, simple rules) or because you have concluded results expectations are better that way because you are not tempted to move the stop too tight?

 

6/11/09:

11:06 600 AAPL BUY 140.78
STOP 140.48
TGT 141.38

 

11:24 600 AAPL EXIT 141.42
P/L + 368.30

 

LATE POST : 600 AAPL EXIT 140.49
P/L-191.44

 

LATE POST: 2000 BRCM EXIT 26.97
P/L +402.67