My account rose 0.8% this week, while SPY rose 1.3%. Over the last month my account has risen 1.5% while SPY has risen 1.8%. At this rate, I would be lucky to reach 106% for the year, which seems inadequate for the amount of effort expended. Hopefully there are further improvements that can be made to the stock-picking program.
And… we have our first losers from the new program! EK is the first weekly-scan loser and DUG the first loser from the daily-scan.
Markets are closed 2011 AL 22 for Good Friday.
|│||Daily % gain||│||Stop %||│||Realized|
UDN: Finally went up enough to sell ¼, but even so the stop is still underwater.
IAU: One more week until my stop is above water!
DUG: Each day I raised the stop, but in the end it didn’t matter: DUG gapped down and grabbed the full 5% initial risk, same as if I hadn’t adjusted the stop at all. Oh well. DUG is a gainer only 50% of the time and this wasn’t one of those times.
QTM: Sold ¼ on Monday, which raised my effective stop to +2.8%. Hopefully this is enough stop-height to ensure that I won’t end up with a loss no matter what QTM does next.
ATML: This showed up on a daily scan! I’ve had my eye on ATML for two months, wondering when the next good entry point would be. I’ve given it an 8% trailing stop. It went up the first day, so the stop automatically went up as well. Nice! But really I should recode my analysis program to see whether trailing stops are a good idea and how deep they should be.
DRETF: This week's gain figures for DRETF (but not for the account as a whole) include +0.5% for the dividend that was declared Monday. Record-date will be AL29 and pay-date MA15 but probably a few days later for this "foreign" stock.
KBALB: Why is it that almost everything drops the day I buy it? Maybe my analysis program should be looking a little further back, buying things that were good candidates two days ago rather than yesterday.
New rule: Don’t buy stocks that are below their 200-day (40-week) moving average. This would eliminate EK and DUG but none of the others. REX and QTM both rose above their 200-day averages during the week before I bought them, while PVH had passed through that goalpost two weeks before purchase.
IBIO: This was a buy-failure last week. As it turned out, it would have been a -3.5% loser after four days. Today’s price would be a -7.6% loss. Good thing I didn’t give it a higher limit!
LRN: Buy-failure this week. I held LRN for five days last month, gaining +0.8%. When it showed up on the daily scan, I hoped for a repeat this month. Oh well.
Weekly scan: No pick this week. I bought ATML instead.
Daily scan: No pick for Monday, because there won’t be enough cash available until DUG and ¼UDN settle on Tuesday.