Follow my stock trading decisions as I run a mock portfolio.
Wednesday, February 4, 2009
PCU
Stopped out of PCU at 15.30. I know i had my stop set lower, but it was a mental stop and i missed my exit. In general, this industry is up today. FCX, RIO, PCU and others are all outperforming the market.
Total Value:$99780 Invested Money:$18786.8 Cash Remaining:$80993.2 Profit Last Month:+14.1% Profit YTD:-0.22% Total Profit to Date: -0.22% Profits to be readjusted every month Last Updated 3/31/09
Current Positions
TZA long @ 6.69 FAZ long @ 14.52
Closed Positions
FAZ Long @ 12.54, close @ 16.03 TZA Long @ 5.68, close @ 7.6 TZA long @ 8.26, close @ 7.69
My name is Dylan Dupuis. I am currently a graduate student pursuing a PhD in Molecular Biology. However I am also a self taught stock trader. I rely heavily on technical analysis to make my decisions. This blog will be about my thoughts on trading and goings on in the market. I will use this to run a mock portfolio. I hope you enjoy your visits and i appreciate any and all criticism of my site.
Cheers.
Its more of a symbolic title. The common perception is that buy and hold is the best strategy. I disagree. I am not trying to avoid the bullish trades. Rather I try to diversify my trading by being both long and short. It is not that buy and hold does not work (it does to some extent). The problem is that at some point you need to get out. I say why not stay in a trade till the movement is done then move on. Seems logical to me.
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