Trade Anatomy Portfolio
+1.59% MTD | +35.35% YTD
5 long | 1 buy | 0 sells
The S&P 500 snapped it's win streak this week, giving back a reasonable amount of it's most recent gains. As you can see from the chart below, the market inched ever so close to new all-time highs, but was turned back and now sits in the middle of the road. Which way it goes is simply a guess. Our goal is to make good choices when it comes to trading setups, and allow our trading system to help guide our decision making. To make good choices, you need consistency in your process from the technical setup to the exit . Trying to be a Jack of all trades leads to poor decision making and loss of capital. A variety of strategies can extract gains from the market, but few traders can execute multiple strategies with consistency, making it almost impossible to make good choices. Your decision making will improve exponentially once you find a trading style that fits your personality and portfolio objectives.
On 11/10/15, ZIXI was added to the portfolio. Entry price was 5.36 with an initial stop was set at 4.95. The total amount of capital allocated towards the trade was 4.12%.
A quick glance at the four open positions shows the technical strength currently being exhibited. While the market came under selling pressure, all four held their patterns well. As always, time and price will tell if any of our current positions have what it takes to make meaningful moves and add a measurable amount to our bottom line.
The watchlist saw a mild drop in potential candidates which is to be expected during market drops such as last week. These drops help separate the "contenders from the pretenders" helping concentrate our efforts on the stronger technical setups. Click the chart below for a larger view.