Had a few drinks there Daz?? You made $45K in 8 weeks! There are people reading that and thinking "I WOULD LOVE TO MAKE THAT SORT OF MONEY".... Relax.... take your losses on the chin.... it's normal.... whenever in doubt, get out...
WEEKLY SUMMARY:
I spoilt what would have been my best week this year by selling two stocks at a loss. I overpaid for both of them - GDNO (I paid 4.4) and MLS (I paid 2.4)... Each cost me $1K...
HOWEVER >>>
> Total Trades for the week: 30
> Profitable trades: 18
> Total Breakeven trades for the week: 6
> Total Loss Trades": 6 (GDNO, MLS, sold some BJT @ 29 for very small loss to reduce exposure and BTA sold at 91.5 - now worth 87, PRU sold for small loss at 94.5 now worth 89 and INL sold at 1.9 for small loss now worth 1.7)
Percentage of trades that were profitable + breakeven: 80% (Excluding Breakevens 60%)
WEEKLY OBJECTIVE: This week I set out to close with only 4 stocks. I ended up with 7 small reduced holdings and mostly cash account - my lowest stock cover and highest cash balance in weeks.
