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May 21, 2007
In this week's free
newsletter, I'll come clean and just say that
I'm A Loser.
I'm a loser.
And it's really hard to admit that.
I don't usually get so down on
myself, but I can't argue with the numbers I've put up lately. It's
simple math, and the proof is staring me right in the face, so I just can't hide
from it.
Oddly enough, as a "loser" I've
actually managed to pad my trading account rather nicely. Take a
look for yourself at the last 20 trades we've closed here at TheStockBandit.com:
| SYMBOL |
SIDE |
ENTRY |
EXIT |
DAYS |
POINTS |
PERCENT |
| GRA |
Long |
$27.30 |
$28.50 |
8 |
$1.20 |
4.40% |
| ATI |
Long |
$110.00 |
$111.00 |
7 |
$1.00 |
0.91% |
| RYI |
Long |
$40.50 |
$41.10 |
7 |
$0.60 |
1.48% |
| TSL |
Long |
$48.00 |
$58.13 |
9 |
$10.13 |
21.10% |
| WFR |
Long |
$61.80 |
$60.00 |
5 |
($1.80) |
-2.91% |
| RTI |
Long |
$93.75 |
$93.75 |
5 |
$0.00 |
0.00% |
| CPA |
Short |
$54.50 |
$55.65 |
1 |
($1.15) |
-2.11% |
| UCTT |
Long |
$19.05 |
$18.80 |
2 |
($0.25) |
-1.31% |
| SMSI |
Long |
$19.75 |
$20.40 |
2 |
$0.65 |
3.29% |
| FFIV |
Short |
$66.40 |
$68.10 |
2 |
($1.70) |
-2.56% |
| VHI |
Long |
$18.00 |
$17.25 |
4 |
($0.75) |
-4.17% |
| ASCA |
Short |
$31.75 |
$30.17 |
9 |
$1.58 |
4.97% |
| APOG |
Long |
$24.60 |
$24.30 |
4 |
($0.30) |
-1.21% |
| JASO |
Long |
$25.75 |
$27.08 |
5 |
$1.33 |
5.16% |
| TNH |
Long |
$70.60 |
$68.00 |
5 |
($2.60) |
-3.68% |
| WYNN |
Short |
$101.75 |
$106.50 |
2 |
($4.75) |
-4.66% |
| AKS |
Long |
$32.25 |
$37.65 |
2 |
$5.40 |
16.74% |
| CF |
Short |
$40.00 |
$41.50 |
5 |
($1.50) |
-3.75% |
| MTOX |
Long |
$24.75 |
$27.00 |
3 |
$2.25 |
9.09% |
| AG |
Long |
$44.00 |
$42.25 |
2 |
($1.75) |
-3.98% |
| |
|
|
|
|
|
|
| TOTAL |
|
|
|
|
$7.59 |
36.80% |
The right math in the markets can
be a beautiful thing! You just have to swallow your pride and accept that
you will be wrong plenty. It's all about learning how to lose properly so
that you win! That's just part of how
swing trading works. The trading environment hasn't been
ideal lately, but it has still been very profitable simply because of how we've
managed our trades here at TheStockBandit.com.
I've talked
lately about how
trading is a numbers game, and the grid above is proof: it's
the SIZE of your wins and losses that matters most.
On second thought, I guess losing
isn't so bad after all when my account's still growing!
Losing Properly Will Make You A
Winner!
Start your
Membership
today!
"Stock Bandit, you have a great strategy
- look for charts with the perfect setups, take small losers if they don't work,
and let the winners run big." -
Mark M., TX
COME TRADE WITH US!
Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com
The Stock Bandit, Inc. - 17460 IH-35 N. #160, PMB 240 - Schertz, TX 78154
Copyright 2004 -2008 The Stock Bandit, Inc. All Rights Reserved
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