Week of ! August thru August 5 2016

[blygh]

After two days heading into the back stretch Aug 1 thru Aug 5

Rider	Horse	Open	Latest	Gain/Loss	Return	Stop	Limit	Rank
Ira	DFE	53.77	53.45	-0.32	-0.6%			4
SD	VXZ	9.80	9.98	+0.18	+1.8%	9.70	11.45	1
Spiderman	EXAS	17.57	17.75	+0.18	+1%			2
Blygh	NKTR	17.40	17.18	-0.22	-1.2%	16	19.5	5
Tiarra	ATVI	40.39	39.75	-0.64	-1.6%	38		6
MARKET	SPY	217.25	215.55	-0.70	0.15%			3

Lead change SD in front Spiderman on his tail 
See below for Day 3
 

[sd]

IS NSTK the correct symbol? I tried to enter it in IB and stockcharts- Security is not found-
I purchased some EXAS as it met the chart criteria- but is several days long in the move higher.

[blygh]

SORRY SD - NKTR -   It used to have a different name and symbol - "NSTK"- some years ago (I am still holding it.)

Trying to determine opening prices is proving problematic.  The WSJ 9:30 price is slightly different from the Yahoo listed opening.  As I remember it DG used Yahoo.  I will maintain that practice unless someone has a better idea 


Instead of copying the results for 5 days I will just update a single worksheet and see how it works out

Would the race be more realistic if riders were able to close out a position at anytime - he/she would get the price at the time of posting or at the closing price - thoughts??


Blygh

[sd]

That would just add another tracking variable- on your shoulders- Traders have the option presently to declare a limit they would take profits at- and a 1 week look ahead is not a lengthy period-
I like the idea of a trader looking at a chart and seeing a "target" price they would like to sell at- prior to the race starting- That is just my opinion though.It is the opposite end of including a level where you want to be out of the trade with a stop-loss. It also requires planning well ahead of the entry instead of reacting-This should be something traders already do in practice- as well as in real actions. IMHO.
The concept of allowing traders- to sell -intraweek- brings up responding to discretionary reactions- Rather than planning the trade ahead of time.

Your suggestion reflects what might actually occur-in real trading- and you are the one generously managing the Race-

I would suggest to Not allow Racer's to Close the trade intraweek- It should be planned for - Instead, Consider the option of a trader using a fixed trailing stop- It could be in $ dollars or in % - and declaring that trailing option along with declaring the horse they want to Ride- This trailing Option could be used- or a Target could be used-
It really adds more "reality" but it also requires more tracking work on your part-

As far as Entry/Exits- Using Yahoo for the reference is fine with me.

And- Thanks for finding the time to keep up with this!

[sd]

I took a small position in EXAS (Spiderman's Horse) because it was within the Chart parameters- but somewhat extended.
It is interesting that Exas hold s a high position for weekly technicals on the Finviz screener #19 along with a relatively moderate Beta of 1.11

[sd]

YOU CAN INPUT

[tiarra]

Looking at the 1 and 2 year chart for EXAS, it looks like it is right at some resistance, but I think if it has enough steam it would make it to 20

[sd]

I agree- past support- 20-21 range had that large breaklower- It would be logical to think that there would be a lot of trapped Buyers, that would love to get their investment back as it reaches that level.
Gremlins are at work - my prior post 'You can Input .....did not include the follow up chart i had intended to post here.
And- I had 2 positions sell exactly at the open as Market sells- EXAS and VXZ which i am certain i had set lower stop-losses in. Unfortunately, I did not have an opportunity to check my positions premarket- there was no reason I should have altered the orders- Sloppy perhaps- and i should take a screenshot of future orders each day to be certain whether i made an error in haste in adjusting orders.

[blygh]

Day 3 out of the back stretch and into the clubhouse turn - Aug 1 thru Aug 5

Rider	Horse	Open	Latest	Gain/Loss	Return	Stop	Limit	Rank
Ira	DFE	53.77	53.04	-0.73	-1.35%			6
SD	VXZ	9.80	9.70stopped	-0.10	-.1%	9.70	11.45	5
Spiderman	EXAS	17.57	18.29	+0.72	+4.1%			1
Blygh	NKTR	17.40	17.53	+0.13	+0.7%	16	19.5	2
Tiarra	ATVI	40.39	40.38	-0.01	-.002%	38		3
MARKET	SPY	217.25	216.18	-01.07	0.05%			4

Spiderman open a big lead SD hits his stop

 

[blygh]

Day 4 rounding the clubhouse turn - Aug 1 thru Aug 5

Rider	Horse	Open	Latest	Gain/Loss	Return	Stop	Limit	Rank
Ira	DFE	53.77	53.22	-0.55	-1.0%			6
SD	VXZ	9.80	9.70stopped	-0.10	-.1%	9.70	11.45	4
Spiderman	EXAS	17.57	19.00	+1.43	+8.1%			1
Blygh	NKTR	17.40	17.46	+0.06	+0.35%	16	19.5	3
Tiarra	ATVI	40.39	40.83	+0.44	+1.15%	38		2
MARKET	SPY	217.25	216.41	-0.39	-0.18%			5

Spiderman continues to lead while Tiarra moves up

 

[sd]

Why does getting stopped out make the palms of my hands itch? I thought that occurred when you were coming INTO money!
My Horse for next week will be HSKA- Had a nice big breakout, a pause today, hopefully a pullback Friday for a better lower entry-
Got too busy these past few days on the all Day job !

[blygh]

II swear, the brokers know where lots of shares are stopped. Then they drive a share price down to where the stops hit then they buy up shares on the cheap. See Feb 11 2016 - the markets bottomed and rapidly bounced back. On the other hand, one of Buffet's principles is "Don't take big losses". I tend to use stops once I have a profit "Nobody ever went broke taking profits" and I follow the investing principle of the Rothchilds - "Get in too late and get out too soon."

Blygh

[blygh]

Day 5 in the home stretch and across the finish line - Aug 1 thru Aug 5

Rider	Horse	Open	Latest	Gain/Loss	Return	Stop	Limit	Rank
Ira	DFE	53.77	53.45	-0.32	-0.6%			6
SD	VXZ	9.80	9.70stopped	-0.10	-.1%	9.70	11.45	5
Spiderman	EXAS	17.57	19.25	+1.68	+9.6%			1
Blygh	NKTR	17.40	17.58	+0.18	+1.0%	16	19.5	2
Tiarra	ATVI	40.39	40.59	+0.20	+0.5%	38		3
MARKET	SPY	217.25	218.18	+0.93	+0.43%			4

Spiderman wins it going away by 8 lengths
Accumulated total return for races since mid July 

Tiarra	-2.6%
SD	-2.7%
Ira	21.8%
Blygh	+7.1%
Spiderman	+9.6%

 

[sd]

Congratulations Spiderman!
A nice win- and worth pointing out - this stock has had momentum for several months- and has tripled in value from the July breakout-
there have been some declines- and pullbacks to the slower ema (10) and if you had a position and exited on those ema;s as your stop-loss- you would have missed out on the big gap up moves that followed both declines.
I would also point out that this stock had gapped higher the prior week and moved up strongly- Conventional wisdom would have said to wait or a pullback to enter-Or Cramer would for sure! Spiderman chose to enter- and the Momentum continued in his favor! So much for conventional wisdoms this week!

[sd]

I think the Rothchilds likely understood the markets!
I thought i had posted this yesterday, but did not see it today- Gremlins or intended to- HSKA is a momentum mover I will take as my Horse this coming week-
I'll try to determine stops later this weekend- Good Luck All!