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Archive for September, 2008

Posted by Martin September 08, 2008

Is AFAM showing a sell signal II ?

Is AFAM showing a sell signal II ?

Last Friday AFAM has touched its 50 MA average on high volume. It started dropping as a rock and it was scary move. I mentioned that this move would be a correction only if the stock bounces back on high volume and it would be a good opportunity to add more shares to the existing Continue reading →

Posted by Martin September 06, 2008

Pics 09/02 – 09/05

No new picks. Existing holdings: Symbol Qty Last Gain($) Gain(%) AFAM 7 37.64 -7.91 -2.91 BABY 12 24.60 2.04 0.70 PEGA 19 14.66 -26.22 -9.18 WCG 6 41.76 -14.22 -5.52 Contribution this week: $0 Starting account value = 2,115.58 Account value = 2,032.67 (without margin) Buying power = 2,958.94 Portfolio Gain/loss this week = -3.92% Continue reading →

Posted by Martin September 05, 2008

Is AFAM showing a sell signal?

Is AFAM showing a sell signal?

A turbulent market with deep losses turned the trend back to correction. It is difficult to recognize whether this would be the time to give up positions and sell stocks. It requires some experience to find out that a particular stock in investor’s portfolio displays a red flag saying: “This is not correction, I am Continue reading →

Posted by Martin September 04, 2008

Market 09/02 – 09/05

Market 09/02 - 09/05

The market’s rally is definitely over. Steep drop more than 2% on high volume ended this rally attempt. See the chart bellow. The only thing I can do these days is to wait. I am not going to sell my positions unless they hit my stop loss level. Some stocks lost ground such as AFAM. Continue reading →

Posted by Martin September 02, 2008

Strategy – money management II.

In the previous post I was talking about money management I apply on my trading. In summary this is my settings: – maximum draw tolerance 25% (if all my trades will be a failure my account will loose 25% of its value) – maximum risk per one trade (stop loss per trade) 5% – with Continue reading →