This was not a good week for me (-5,472.71), compared to my $9,236 the week before, I pretty much wiped out 60% of my last week gains. ![]()
Reasons for such a bad week:
- Taking too much risk
- Not following my methodology
- Market went sour
Here are some of the action items for next week:
- Streamline my risk calculation spreadsheet
- Reduce my position sizes if necessary
- Finish my new trading plan - improve my daily and weekly process
- Start rating my trades
Today I was brave enough to close my position on 3M, it hurts. I still think that the stock will recover but I prefer to move the money to a stock that will help me recover "faster", that stock was LH (Laboratory Corporation).
On a positive note, I am comfortable with most of the stocks in my portfolio, they’re fundamentally very sound and well positioned to continue upwards (some of them are already there, like Tim Hortons - THI.TO).
Have a great weekend.

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