TradeForGain.com
let’s discuss important aspects of trading such as discipline, money management, psychology, setups, etc.
Sharp System 1-Trading Summary for 06/09/2008
Monday, June 9th, 2008Losses, many losses today. I can’t seem to be focusing on the right trades lately. Decided to prematurely close all my Sharp1 trades until I get the focus back.
Closed Positions
| Exit Summary | |||
| (GR) GOODRICH CORP ORD SHS | |||
| Entry Date | 4-Jun-08 | | Exit Date | 9-Jun-08 |
| Price | $57.80 | | Price | $55.77 |
| Initial Stop | $52.00 | | Gain % | -3.7% |
| Risk $ per Share | $5.90 | | # Days | 5 |
| Risk % Cost | 10.0% | ||
| Risk % Capital | 1.2% | ||
| Price Target | $63.08 | ||
| Expected % | 9.1% | ||
| Risk x Reward | 0.9 | ||
| Exit Summary | |||
| (AYR) AIRCASTLE LTD | |||
| Entry Date | 5-Jun-08 | | Exit Date | 9-Jun-08 |
| Price | $10.97 | | Price | $10.00 |
| Initial Stop | $9.87 | | Gain % | -9.0% |
| Risk $ per Share | $1.12 | | # Days | 4 |
| Risk % Cost | 10.0% | ||
| Risk % Capital | 1.0% | ||
| Price Target | $12.07 | ||
| Expected % | 10.0% | ||
| Risk x Reward | 1.0 | ||
This was my biggest loss ever on this system.
| (FCN) FTI CONSULTING INC | |||
| Entry Date | 5-Jun-08 | | Exit Date | 9-Jun-08 |
| Price | $55.60 | | Price | $55.99 |
| Initial Stop | $50.04 | | Gain % | 0.5% |
| Risk $ per Share | $5.66 | | # Days | 4 |
| Risk % Cost | 9.9% | ||
| Risk % Capital | 1.1% | ||
| Price Target | $61.00 | ||
| Expected % | 9.7% | ||
| Risk x Reward | 1.0 | ||
| Exit Summary | |||
| (CBRL) CBRL GROUP INC | |||
| Entry Date | 5-Jun-08 | | Exit Date | 9-Jun-08 |
| Price | $31.07 | | Price | $28.49 |
| Initial Stop | $32.00 | | Gain % | 8.1% |
| Risk $ per Share | $0.99 | | # Days | 4 |
| Risk % Cost | 3.1% | ||
| Risk % Capital | 0.3% | ||
| Price Target | $29.00 | ||
| Expected % | -6.7% | ||
| Risk x Reward | - 2.1 | ||
New Positions
none
Sharp System1-Trading Summary for 06/06/2008
Monday, June 9th, 2008| (JCG) J CREW GROUP INC | |||
| Entry Date | 3-Jun-08 | | Exit Date | 7-Jun-08 |
| Price | $35.72 | | Price | $35.15 |
| Initial Stop | $32.15 | | Gain % | -1.8% |
| Risk $ per Share | $3.64 | | # Days | 4 |
| Risk % Cost | 9.9% | ||
| Risk % Capital | 1.1% | ||
| Price Target | $38.00 | ||
| Expected % | 6.4% | ||
| Risk x Reward | 0.6 | ||
Not a good day for me, locked in a meeting room all day, but here we go, my Sharp1 system trades.
Sharp System1-Trading Summary for 06/5/2008, CBRL +9%, IDTI +1.5%, SIGM +0.7%
Thursday, June 5th, 2008
Closed PositionsExit Summary |
|||
| (CBRL) CBRL GROUP INC | |||
| Entry Date | 2-Jun-08 | | Exit Date | 5-Jun-08 |
| Price | $28.47 | | Price | $31.07 |
| Initial Stop | $25.61 | | Gain % | 9.0% |
| Risk $ per Share | $2.91 | | # Days | 3 |
| Risk % Cost | 10.0% | ||
| Risk % Capital | 1.0% | ||
| Price Target | $31.31 | ||
| Expected % | 10.0% | ||
| Risk x Reward | 1.0 | ||
This was my biggest gain ever on this system.
| Exit Summary | |||
| (IDTI) INTEGRATED DEVICE TECHNOLOGY INC | |||
| Entry Date | 2-Jun-08 | | Exit Date | 5-Jun-08 |
| Price | $10.93 | | Price | $11.11 |
| Initial Stop | $9.84 | | Gain % | 1.5% |
| Risk $ per Share | $1.11 | | # Days | 3 |
| Risk % Cost | 10.0% | ||
| Risk % Capital | 1.1% | ||
| Price Target | $12.00 | ||
| Expected % | 9.8% | ||
| Risk x Reward | 1.0 | ||
| Exit Summary | |||
| (SIGM) SIGMA DESIGNS INC | |||
| Entry Date | 3-Jun-08 | | Exit Date | 5-Jun-08 |
| Price | $17.99 | | Price | $18.11 |
| Initial Stop | $16.19 | | Gain % | 0.7% |
| Risk $ per Share | $1.80 | | # Days | 2 |
| Risk % Cost | 9.8% | ||
| Risk % Capital | 1.1% | ||
| Price Target | $17.19 | ||
| Expected % | -4.4% | ||
| Risk x Reward | - 0.4 | ||
New Positions
| Long Entry | FCN | (FCN) FTI CONSULTING INC | ||||
| Entry Price | 5-Jun-08 | Industry: Management Services | ||||
| Price | $55.60 | FTI Consulting, Inc. (FTI) is a global consulting firm to organizations confronting the critical legal, financial and reputational issues that shape their futures. Its teams of professionals provide consulting services in many areas, including fraud, damages, lost profits, valuation, anti-trust and anti-competition, accountantG?s liability and malpractice, contract disputes, patent infringement, price fixing, solvency and insolvency, fraudulent c | ||||
| Initial Stop | $50.04 | |||||
| Risk $ per Share | $5.56 | |||||
| Risk % Cost | 9.8% | |||||
| Risk % Capital | 1.1% | |||||
| Price Target | $61.00 | |||||
| Expected % | 9.7% | |||||
| Risk x Reward | 1.0 | |||||
| Long Entry | AYR | (AYR) AIRCASTLE LTD | ||||
| Entry Price | 5-Jun-08 | Industry: Rental & Leasing Services | ||||
| Price | $10.97 | Aircastle Limited (Aircastle) is a global company that acquires and leases commercial jet aircraft to passenger and cargo airlines throughout the world. As of December 31, 2007, the CompanyG?s aircraft portfolio consisted of 133 aircraft that were leased to 58 lessees located in 31 countries, including two aircraft being converted to freighter configuration, which are subject to leases that will commence upon completion of the conversions, and ma | ||||
| Initial Stop | $9.87 | |||||
| Risk $ per Share | $1.10 | |||||
| Risk % Cost | 9.8% | |||||
| Risk % Capital | 1.0% | |||||
| Price Target | $12.07 | |||||
| Expected % | 10.0% | |||||
| Risk x Reward | 1.0 | |||||
Sharp System 1-Trading Summary for 06/04/2008, MW -1.7%, SGMO -5.7%
Wednesday, June 4th, 2008Closed Positions
| (MW) MEN’S WEARHOUSE INC | |||
| Entry Date | 30-May-08 | | Exit Date | 4-Jun-08 |
| Price | $20.63 | | Price | $20.32 |
| Initial Stop | $18.57 | | Gain % | -1.7% |
| Risk $ per Share | $2.10 | | # Days | 5 |
| Risk % Cost | 9.9% | ||
| Risk % Capital | 1.0% | ||
| Price Target | $22.69 | ||
| Expected % | 10.0% | ||
| Risk x Reward | 1.0 | ||
Stock moved nicely on the first day but no follow through. Have to follow my exit rules. Out.
| Exit Summary | |||
| (SGMO) SANGAMO BIOSCIENCES INC | |||
| Entry Date | 30-May-08 | | Exit Date | 4-Jun-08 |
| Price | $10.73 | | Price | $10.14 |
| Initial Stop | $9.66 | | Gain % | -5.7% |
| Risk $ per Share | $1.09 | | # Days | 5 |
| Risk % Cost | 9.9% | ||
| Risk % Capital | 1.1% | ||
| Price Target | $11.80 | ||
| Expected % | 10.0% | ||
| Risk x Reward | 1.0 | ||
Also didn’t work within the timeframe established by the system. Closing it here.
New Positions
| Long Entry | CRS | (CRS) CARPENTER TECHNOLOGY CORP | ||||
| Entry Price | 4-Jun-08 | Industry: Steel & Iron | ||||
| Price | $50.98 | Carpenter Technology Corporation (Carpenter) is engaged in the manufacturing, fabrication and distribution of specialty metals and engineered products. The Company operates in business units, which include Specialty Alloys Operations, Dynamet, Carpenter Powder Products, and Engineered Products. It primarily processes basic raw materials, such as nickel, titanium, chromium, iron scrap and other metal alloying elements through various melting, hot | ||||
| Initial Stop | $45.88 | |||||
| Risk $ per Share | $5.20 | |||||
| Risk % Cost | 10.0% | |||||
| Risk % Capital | 1.0% | |||||
| Price Target | $56.08 | |||||
| Expected % | 10.0% | |||||
| Risk x Reward | 1.0 | |||||
| Long Entry | GR | (GR) GOODRICH CORP ORD SHS | ||||
| Entry Price | 4-Jun-08 | Industry: Aerospace/Defense Products & Services | ||||
| Price | $57.80 | Goodrich Corporation (Goodrich) is a supplier of components, systems and services to the commercial and general aviation airplane markets. The Company is also a supplier of systems and products to the global defense and space markets. Its business is conducted on a global basis with manufacturing, service and sales undertaken in locations throughout the world. The CompanyG?s products and services are sold to customers in North America, Europe and | ||||
| Initial Stop | $52.00 | |||||
| Risk $ per Share | $5.90 | |||||
| Risk % Cost | 10.0% | |||||
| Risk % Capital | 1.2% | |||||
| Price Target | $63.08 | |||||
| Expected % | 9.1% | |||||
| Risk x Reward | 0.9 | |||||
