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My holdings took a hit today. My portfolio was down over 1%. My stop loss orders triggered on five stocks. Here’s how I made out on them.
| ATVI | 6% profit |
| ELN | 21% profit |
| EPEX | 4% loss |
| FGD | 3% loss |
| PETD | 9%loss |
| TIE | 37% profit |
I continue to like my new strategy. The PETD was a trading error on my part. I should have been stopped out of it yesterday, but I screwed up. I thought I had put a stop on that stock, when it turns out I didn’t.
The Fidelity Active Trader Pro is a help. It allows me to arrange my pending orders in such a way I can be sure I’ve placed the orders I want.
In looking at a 30-minute intraday graph of TIE over the last three days, I might have set my stop higher and have gotten out with a 46% profit. The same graph for ELN provides less of a trend.
The point of my new strategy is that I sold TIE at $81.00. It closed at $78.70. I sold ELN at $13.20. It closed at $12.85. In both cases, my stops salvaged profits.
I will take a closer look at the action in ELN and TIE today. Using the same 30-minute intraday graph, perhaps I can see a re-entry point.
Even with a less than robust market performance over the last two weeks, I’ve made some money. I am currently back to 90% cash – my safe haven.
Posted by Ted at February 20, 2004 8:02 PM