Stock Trades : 19th May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
Nil

Random
Nil

Flipper
IPP - Buy at open - Stop 2.15
WTF - Closed at 2.38 - Lost 0.86 R

It's about now (or maybe even earlier) that many would give up on the Flipper.  Momentum trading hands out plenty of losing trades early on and 15 losers in a row with the flipper has certainly been ugly enough to scare, even optimistic traders, away.  Eventually we will end up with a book predominantly full of rising stocks like these two

All charts courtesy of www.incrediblecharts.com

We don't know which, if any, of our current portfolio will look like this in the future.  We're not even trying to predict the future.  All we are doing is hitch hiking on trends and letting the mats play out.

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.