tradersams blog

More positions being taken out today, and it looks that there will be more tomorrow.

GNC:  I closed a position today in Graincorp at $8.85 for a 4% loss as a System B trade.  This looks to be another trade cut unnecessarily short due to the currently falling overall market.  This is a case of a well found candidate, and I followed the system to a T.

PRG:  I closed my position in Graincorp Limited today at $2.28 for a 10% loss.  Again a System B trade.

Again I stuck to the plan, and have only taken a small loss.

For tomorrow it’ll be something I don’t do too often anymore.  I’ll take a short trade that System B has signalled today.  On my tests System B seems ok on the short side, however my statistics on real short trades do not reflect the expectations of the system.  I’ll have to sit down and analyse that in detail at some stage.