let’s discuss important aspects of trading such as discipline, money management, psychology, setups, etc.
Long Entry
MFC.TO
(MFC.TO)
Entry Price
29-May-08
Industry: Life Insurance
Price
$38.69
Manulife Financial Corporation (MFC) is a life insurance company and the holding company of The Manufacturers Life Insurance Company (MLI) and John Hancock Financial Services, Inc. (JHF). The Company provides a range of financial products and services, including individual life insurance, group life and health [...]
Not really sure what’s happening here but the stock made a lower low which was very disappointing. Taking my loss at 5% which “almost offsets” my gains in LH.
Exit Summary
(LH) LABORATORY CORPORATION OF AMERICA HLDG
Entry Date
21-May-08
| Exit Date
29-May-08
Price
$76.64
| Price
$72.95
Initial Stop
$75.00
| Gain %
-4.9%
Risk $ per Share
$1.67
| # Days
8
Risk % Cost
2.2%
Risk % [...]
Long Entry
IBKR
(IBKR) INTERACTIVE BROKERS GROUP INC
Entry Price
29-May-08
Industry: Investment Brokerage - National
Price
$31.95
Interactive Brokers Group, Inc. (IBG, Inc.) is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments on more than 70 electronic exchanges and trading [...]
Closing this short position on Suncor, happy with the results.
Exit Summary
(SU) SUNCOR ENERGY INC
SHORT TRADE
Entry Date
20-May-08
| Exit Date
29-May-08
Price
$71.83
| Price
$68.64
Initial Stop
$72.50
| Gain %
4.4%
Risk $ per Share
$0.72
| # Days
9
Risk % Cost
1.0%
Risk % Capital
0.3%
Price Target
$68.00
Expected %
-5.3%
Risk x Reward
- 5.3
Original Chart - Short Entry
Today - Covering Short
