It's time to try and get this blog caught up on everything that has happened in the markets over the last couple of (very turbulent) months.
Well, not everything that has happened.
But over the next several days I am going to cover all of the stocks that I've blogged about recently. Some/much of the information is going to be woefully out of date, and I apologize for that, but I think it's important to make updates and bring closure, even for the things that happened several weeks ago. I'd love to forget/not talk about a lot of these trades, but you have to take the bad with the good...
As you might have guessed from the title, we're going to kick things off with Apple:
BUY signal the week of 3.30.09 at $115.99. My first stop was $84.39, so my risk (R)/share was $31.60. Closed Friday at $582.10 with a $534.36 stop. My new stop for the coming week is $540.13. The percentage gain on this trade is +401.9%, and the reward-to-risk ratio is +$466.11/$31.60 = +14.75.
History (beginning in 2003):
Well, not everything that has happened.
But over the next several days I am going to cover all of the stocks that I've blogged about recently. Some/much of the information is going to be woefully out of date, and I apologize for that, but I think it's important to make updates and bring closure, even for the things that happened several weeks ago. I'd love to forget/not talk about a lot of these trades, but you have to take the bad with the good...
As you might have guessed from the title, we're going to kick things off with Apple:
BUY signal the week of 3.30.09 at $115.99. My first stop was $84.39, so my risk (R)/share was $31.60. Closed Friday at $582.10 with a $534.36 stop. My new stop for the coming week is $540.13. The percentage gain on this trade is +401.9%, and the reward-to-risk ratio is +$466.11/$31.60 = +14.75.
History (beginning in 2003):
Winning Trades: 3 | 75.0% | +$193.95/share avg.
Losing Trades: 1 | 25.0% | -$12.10/share avg.
Average Trade: +268.8% | +$142.44/share | Reward-to-Risk (R): +10.92
I was just $1.86 away from being stopped out when Apple closed the week of 5.14 at $530.38. Sometimes I wonder if my stops are a little too wide, but I'd say this one is just about right.
I was just $1.86 away from being stopped out when Apple closed the week of 5.14 at $530.38. Sometimes I wonder if my stops are a little too wide, but I'd say this one is just about right.
