DV stopped out on a move down due to CECO announcement
Saturday, February 21, 2009
Learn the Discipline Model Portfolio
Learn the Discipline
We took two new positions this past week; DV and CTSH. DV was stopped out for second time on news related to another stock in its industry group. CTSH stayed above its stop.
We started with a $152,000 account balance and for now continue to make stock trades only. Starting position size is approximately $2,000. There are 5 positions open after week 3, so approximately $10,000 is invested.
We made took only two positions because the market was pulling back and there were fewer entry signals and we exercised judgment to hold on entering new positions as the market was making a short-term move from resistance down to support.
The portfolio action and performance is inline with our original expectation for a sideways trend market.
DV stopped out on a move down due to CECO announcement
DV stopped out on a move down due to CECO announcement
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7 comments:
Dave, I see "Learn the Discipline Model Portfolio" and Week 3 Recap and the time you posted, but nothing else, even when I click on the underlined title. Am I doing something wrong? I'm on a Mac.
Hello Dave:
Just wondering when you think the Friday Wall Street Wrap Up for Friday, 20Feb09, will be posted to the IT site. I missed the live one and am eager to hear what you had to say Friday.
Thanks
Robert
CANI_212
Robert,
Don't know if this helps but it is presently posted on the think or swim website. Just go to "thinkorswim.com home page and at the bottom of the right hand column click on "watch". Then select the top file named "wall street wrap up 2-20. and click on play and submit your info...
Hi Scott,
From your posts you seem to be well versed in The Market and Dave's teachings. I have noticed that he has referred to a Thursday's webcast, but I don't see that he has a Trading room on Thursdays. Just Monday's and Wednesdays. Can you tell me if he does a webcast at a different locale than Investools? I would be very interested in attending those. Since finding Dave, I have learned a lot and I would like to continue learning more. Thanks in Advance. Michael
Scott:
Thanks-that's helpful. I did not think about checking out the TOS site.
Appreciate it.
Robert
Michael,
Dave's Thursday webcast is one of Investools' Investor Talks. For most (all?) plans, it is an extra cost addition to the Trading Rooms, ProphetCharts, etc. included in your Masters or PHD plan. Obviously, a lot of us consider it to be a wise investment of time and money.
Thank You John.
Michael
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