Stocks : 30th March 2015

Disclaimer - Read this first!
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.
This is not a signal service.  While endeavoring to post signals before time occasionally I will only be able to post signals a day or two late

Opening Stock Trades

WETT = ON (As at 26 Jan 2015) - Take new positions and ratchet up stops as appropriate

WETT **

Apologies - Last weeks post was caught up in draft rather than published

 

Closing Stock Trades

WETT

No new trades to close.  SRX was just one of 'those' trades.  Looked great until an announcement killed it in a large way.  All things considered the damage was relatively minor at around 1% of capital.  A good example of how portfolio balance helps.

Chart of the day

Here we are at the end of March.  So far - up 13% in four months - it all looks ridiculously easy.  Usually when one starts a new system a period of losses ensues until the trends prevail but this time the WETT started at a nice point of the trend so the profits are coming early.  If you have never traded before this is probably the worst thing that can happen to you.  It leads to unrealistic expectations of how trading really works and over confidence

Disclosure - I own stock in CAJ, NAN & RFG

All Stock charts courtesy of www.IncredibleCharts.com

** WETT Trades are closely aligned with the methodology described in 'The Weekend Trend Trader' by Nick Radge.  Buy his book if you wish to discover how I am generating these signals (note: I do not receive any benefit from promoting Nick Radge)