8833, It would be useful to see a list of your actual trades, entries and exits. Just looking at a summary doesn't allow one to learn much.
ANEN - already have it in my Final Universe ICE - Looks Good, but may be too high priced for small accounts LQDT - Low Volume but improving NVEC - close enough on the float - Spydertrader
september trades attached - if not i pasted the trades. The charts for the biggest winner, GIGM Sept 7, and the biggest loser, NEU Sept 5 look almost identical up till the trade entry days. I was trying to determine a chart pattern that I can avoid these large losers. The best that I can figure out is to avoid chart patterns when there are not 3 points on the charts forming an upward sloping channel. This chart pattern would have helped me avoid some of my biggest losers over the past few months but would not of helped with September's biggest loser. SEPTEMBER SUMMARY EZPW 05-SEP-06 1030 $In: 40.8 05-SEP-06 1600 $Out: 41.06 % Pft: .6 DUAVG < 1130 BTUI 12-SEP-06 1030 $In: 12.37 12-SEP-06 1130 $Out: 12.6 % Pft: 1.9 DUAVG > 1130 CBEY 12-SEP-06 1000 $In: 24.46 13-SEP-06 1000 $Out: 24.93 % Pft: 1.9 DUAVG < 1130 EZPW 18-SEP-06 1030 $In: 38.75 21-SEP-06 1530 $Out: 37.57 % Pft: -3 DUAVG < 1130 FTEK 29-SEP-06 1000 $In: 15.06 29-SEP-06 1600 $Out: 14.94 % Pft: -.8 DUAVG < 1130 GIGM 07-SEP-06 1030 $In: 10.1 08-SEP-06 1000 $Out: 11.15 % Pft: 10.4 DUAVG < 1130 JOBS 15-SEP-06 1000 $In: 14.7 19-SEP-06 1230 $Out: 14.38 % Pft: -2.2 DUAVG < 1130 NEU 05-SEP-06 1030 $In: 65.14 07-SEP-06 1000 $Out: 60.5 % Pft: -7.1 DUAVG < 1130 NEU 15-SEP-06 1030 $In: 58.46 15-SEP-06 1130 $Out: 56.84 % Pft: -2.8 DUAVG > 1130 SUMMARY 01-SEP-06 TO 30-SEP-06 DULOW TIME=1030 CYCLES= 5 PROFIT: -1.1 TradeCnt: 9 *** * DU * Trades %Profit DUAVG < 1130 7 -.2 DUAVG > 1130 2 -.9
results summary chart < image >http://www.elitetrader.com/vb/attachment.php?s=&postid=1240289 </image>
FYI BTU International, Inc. (Nasdaq:BTUI) will hold its quarterly conference call to discuss third quarter 2006 results and fourth quarter 2006 outlook on Tuesday, October 24, 2006, at 5:00 p.m. Eastern time (4:00 p.m. Central time). The dial-in number to participate in the conference call by telephone is (800) 500-0311. This call is being webcast by Thomson/CCBN and can be accessed at BTU's Web site at www.btu.com . An earnings press release outlining BTU's results of operations for the third quarter of 2006 will be issued prior to the call on Tuesday, October 24, 2006, at 4:30 p.m. ET. EDIT: Also ININ has an earnings release on Oct 23rd.
8833, I'm no expert in chart pattern but by looking at your summary, I feel your 09/05 7.1% lose on NUE could be lower if you used a tighter stop, say 5%. I understand how your put the stop really depends on your position sizing strategy. However, I personally feel allowing a single trade to lose >5% for a potential return of <20% is too risky. Also, your loss on JOBS and another NUE trade happened in the same day and it seems like you didn't employ the 2% stop (Ross') rule. Hope this helps. Thank you.
Thanks Gooch. Yahoo is reporting earnings this week for the additonal companies: ANEN (Oct 26) DXPE (Oct 25) NEU (Oct 25)