Sunday, July 24, 2011

Trading Without a Net

Honestly, trading with no short positions makes me feel like a tightrope walker working without a net.

At least the Google trade we talked about last week is off to a pretty good start.

Of course, it's only been a week...

But we'll go ahead and add it to the mix along with a quick update on all of our other open positions.
- LONG the week of 3.30.09 at $115.99. My initial stop was $84.39, so the risk (R) on the trade was $31.60. Closed Friday at $393.30 with a $316.35 stop. The new stop for the upcoming week jumps all the way to $338.23. The percentage gain on this trade is 239.1%, and the reward-to-risk ratio is $277.31/$31.60 = 8.77.

- LONG the week of 1.18.11 at $326.58. I used $259.28 for my stop, so the R was $67.30. Closed Friday at $405.10 with a $325.81 stop. The new stop for the coming week is $333.33. The percentage gain on this trade is 24.0%, and the reward-to-risk ratio is $78.52/$67.30 = 1.17.

Netflix (NFLX):
- LONG the week of 12.29.08 at $29.87. Using $19.25 for my stop, the risk was $10.62. Closed last week at $276.58 with a $232.13 stop. The stop for this week will be $233.21. The percentage gain on this trade is 825.9%, and the reward-to-risk ratio is $246.71/$10.62 = 23.24.

- LONG the week of 9.13.10 at $126.68. My stop was $103.19, so I risked $23.49. Closed Friday at $165.40 with a $142.14 stop. The new stop for this week is $141.23. The percentage gain on this trade is 30.6%, and the reward-to-risk ratio is $38.72/$23.49 = 1.65.

Wynn Resorts (WYNN): 
- LONG the week of 4.20.09 at $36.88. My stop was $15.28, so my R = $21.60. Closed last week at $165.25 with a $131.73 stop. The stop for this week will be $132.39. The percentage gain on this trade is 348.1%, and the reward-to-risk ratio is $128.37/$21.60 = 5.94.

- LONG the week of 8.2.10 at $84.21. With a stop at $62.02 the risk on the trade was $22.19. Closed Friday at $160.25 with a $116.32 stop. The stop for the coming week is $121.85. The percentage gain on this trade is 90.3%, and the reward-to-risk ratio is $76.04/$22.19 = 3.43.

Google (GOOG): 
- LONG the week of 7.11.11 at $597.62. With a stop at $500.50 the risk was $97.12. Closed Friday at $618.23, and the stop for the coming week moves up to $523.19. The percentage gain on this trade is 3.4%, and the reward-to-risk ratio is $20.61/$97.12 = 0.21.

Salesforce.com (CRM): 
- LONG the week of 3.30.09 at $37.27. I put my stop at $23.04, so the R for this trade was $14.23. Closed last week at $150.41 with a $128.65 stop. The stop for this week will be $126.71. The percentage gain on this trade is 303.6%, and the reward-to-risk ratio is $113.14/$14.23 = 7.95.

Baidu (BIDU): 
- LONG the week of 3.23.09 at $18.32. I used $11.34 as my stop, so the risk was $6.98. Closed last week at $154.00 with a $115.40 stop. The stop for this week moves up to $120.83. The percentage gain on this trade is 740.6%, and the reward-to-risk ratio is $135.68/$6.98 = 19.44.

- LONG the week of 3.9.09 at $5.39. Placing my stop at $2.89 the R was just $2.50. Closed Friday at $65.70 with a $60.56 stop. The new stop for the coming week will be $59.44. The percentage gain on this trade is 1,118.9%, and the reward-to-risk ratio is $60.31/$2.50 = 24.13.

Potash Corporation (POT): 
- LONG the week of 8.2.10 at $37.80. I used $29.08 for a stop, so the risk was $8.72. Closed last week at $61.64 with a $50.70 stop. The new stop for this week is $50.67. The percentage gain on this trade is 63.1%, and the reward-to-risk ratio is $23.84/$8.72 = 2.73.

Deckers Outdoor (DECK):
- LONG the week of 6.8.09 at $23.80. Using $15.11 for my first stop, the risk was $8.69. Closed last week at $96.42 with a $75.94 stop. The stop for this week will be $76.61. The percentage gain on this trade is 305.1%, and the reward-to-risk ratio is $72.62/$8.69 = 8.36.

- LONG the week of 5.4.09 at $2.52. My stop was $0.47, so I risked all of $2.05. Closed Friday at $28.24 with a $21.89 stop. The new stop for this week is going to be $22.38. The percentage gain on this trade is 1,020.6%, and the reward-to-risk ratio is $25.72/$2.05 = 12.57.

VMware (VMW): 
- LONG the week of 4.18.11 at $96.81. My stop was set at $74.62, so my R = $22.19. Closed last week at $106.72 with an $84.99 stop. The stop for this week drops slightly to $84.90. The percentage gain on this trade is 10.2%, and the reward-to-risk ratio is $9.91/$22.19 = 0.45.

- LONG the week of 4.6.09 at $10.53. With a stop at $6.56 the risk on the trade was just $3.97. Closed Friday at $60.26 with a $45.44 stop. The stop for the coming week is $46.62. The percentage gain on this trade is 472.3%, and the reward-to-risk ratio is $49.73/$3.97 = 12.52.

Boeing (BA): 
- LONG the week of 5.4.09 at $43.65. I used $32.10 for my stop, so the risk was $11.55. Closed last week at $72.67 with a $69.67 stop. The new stop will be $69.30. The percentage gain on this trade is 66.5%, and the reward-to-risk ratio is $29.02/$11.55 = 2.51.

Citrix Systems (CTXS): 
- LONG the week of 4.27.09 at $27.51. My stop was $19.55, so that makes the risk $7.96. Closed last week at $75.27 with a $69.00 stop. The new stop is $69.01. The percentage gain on this trade is 173.6%, and the reward-to-risk ratio is $47.76/$7.96 = 6.00.

Diamond Offshore (DO):
- LONG the week of 1.3.11 at $70.57. Using $57.65 for my stop, the risk was $12.92. Closed last week at $70.79 with a $67.74 stop. The stop for this week will be $67.50. The percentage gain on this trade is 0.3%, and the reward-to-risk ratio is $0.22/$12.92 = 0.02.

Joy Global (JOYG): 
- LONG the week of 5.4.09 at $29.80. My stop was set at $17.74, so my R = $12.06. Closed last week at $99.85 with an $82.16 stop. The stop for this week is $81.79. The percentage gain on this trade is 235.1%, and the reward-to-risk ratio is $70.05/$12.06 = 5.81.

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