Week 3 summary; Closed 2 positions 1 winner 1 loser To date there have been 8 trades 7 losers 1 winner Account is down 3.05% Holding CARG,CORE, DSW, IIN Risking 1/2% of capital on each trades employs just over 1/2 of my capital so will look to add another position or 2 next week.
Watch list for Sept 24 NTRA Enter @ 24.58 Stop @ 23.50 Exit @27.82 TRHC Enter @ 78.40 Stop @ 75.15 Exit @ 88.09 CRUS Enter @ 40.38 Stop @ 39.55 Exit @ 42.87 PBF Enter @ 48.31 Stop @ 47.00 Exit @52.24
PBF & TRHC Filled CARG exit at target. Gain of 1.5% of account. Now holding CORE, DSW, IIN, PBF, TRHC Watch list for sept 25 AVAV Enter @ 109.35 Stop @ 106.02 Exit @119.34 BOOT Enter @ 28.72 Stop @ 27.77 Exit @31.57 TREX Enter @ 80.01 Stop @ 78.34 Exit @85.02 CVNA Enter @ 24.58 Stop @ 23.50 Exit @27.82 CRUS Enter @ 40.22 Stop @ 39.25 Exit @43.13
Week 4 summary; Closed 3 positions 2 winner 1 loser For the month There have been 13 trades closed; 10 stopped out and 3 exited at target. Now holding 6 open positions. AVAV, BOOT, CVNA, IIN, PBF, TRHC The closed positions resulted in a loss of 0.55% of account value. The open positions have an unrealized gain of 1.06% @ sandp500trader Any point in continuing this exercise?
If you'd like to continue, I think it would be interesting to see if over time you make money, or lose it. You're the only one who continued the challenge, everyone else dropped out pretty quickly.
I think I'll drop it. Over time this system makes money, at least over the last 10yrs it has. Win rate is 35% which yields a return of 20%. It doesn't win every month. I've had drawdowns of 10%. The point if there is a point is that it is not the system but having the trust in the system and the discipline to follow it that makes the difference. After starting with 7 losing trades how many would have abandoned the system? You only gain that trust by developing your own system and trading it over a period of time.