Disclaimer - Read this first!
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
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.
WETT System
System Status: Off (As at 16 November 2015) No new positions. Stops ratchet up to protect capital
Opening Stock Trades
Nil
Closing Stock Trades
Nil
Weekly Momentum System
System Status: Off - No new positions.
Opening Stock Trades
Nil
Closing Stock Trades
Nil
Chart(s) of the day
Performance chart and spreadsheet as at end Jan. You can see that with the system in capital protection mode, faltering stocks are being pruned out. Indeed the system is approaching 50% cash.
It is also interesting that even though closed losses in January numbered five compared to only one win the closed P&L for the month was break even
This is common with trading. It is quite normal to have more losing trades than winning trades and still be making money but it is also what makes trading difficult (or impossible) for most people. We must remember - "trading is not about being right - Trading as about making money"
Further Information
Disclosure - Personal Interests: ALU, GTY, ISD and MQA
All Stock charts courtesy of www.IncredibleCharts.com
** WETT Trading style is Similar to 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)