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TradeForGain.com

let’s discuss important aspects of trading such as discipline, money management, psychology, setups, etc.
May 1st, 2008

One of my mistakes: Not holding long enough

I have to refine my exit strategy as I feel I have been leaving too much money on the table. Let’s look at some recent examples (please search the blog for the specific entries).

Brookfield Asset management (BAM) - sold it too soon. No RED bars in my system.

2008-05-01 103630-C.BAM.A - OHLC 6m6d_1d

Wal-Mart (WMT) - sold too early, there was never a RED bar in my system.

2008-05-01 103736-WMT - OHLC 6m7d_1d

Vale do Rio Doce (RIO) - this was a trickier one because of the pull-backs but could have held it longer.

2008-05-01 104007-RIO - OHLC 6m7d_1d

Shoppers Drug Mart (SC.TO) - this one I’m beating myself up but still have chance to enter (and is actually a good entry after a small pullback)

2008-05-01 104151-C.SC - OHLC 6m6d_1d

Enough learning for today :-) Good luck to you and please learn from my mistakes.


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