WEEK OF 23 OCTOBER TO 30 OCTOBER 2016

[blygh]

Post Time !! Riders up

Rider	Horse	Open	Latest	G/L	%	Stop	Limit	Rank
Tiarra	AET	111.71				106
Joe	DOG	20.76
Ira	LMT	231.5
Spiderman	EMES	15.18
SD	ALDW	9.33				8.00
RD	ITCI	13.69
BLYGH	BEAV	58.77	Opened above limit	0	0%	48.7	54
Market	SPY	215.00
	QQQ	118.93

[sd]

Over coffee this am, I am scrolling through the Finviz screener and noticed there has been some considerable upside in the oil and gas eq, marketing. ALDW has had a considerable drop- and was sideways for a bit , made a tight range double bottom and Friday broke out higher- This is a textbook
move higher that I look for with price above upturning ema's- and higher than the recent base- Since there have been some good movers in this market segment, I'll give ALDW a shot to join in . Stop-loss $8.00

[sd]

HERE'S THE LINE-UP SO FAR -THESE ARE A WEEKLY CHART VIEW

SD IS LONG ALDW WITH A STOP AT $8.00 iT HAS BEEN BASING FOR 3 WEEKS, AND MAY HAVE TRIED TO GO HIGHER-OIL/ENERGY SECTOR aNY MORE MOJO?

RD IS TAKING A RIDE ON AN OVERSOLD BIOTECH ITCI

BLYGH IS LONG BEAV- IN THE BEATEN UP AEROSPACE INDUSTRY

SPIDERMAN HAS SELECTED EMES- IN THE SAME ENERGY SECTOR AS SD, BUT EMES HAS BEEN UPTRENDING FOR MONTHS COMPARED TO SD'S PICK.

SPY IS THE NOMINAL MARKET

iras DEAULT lmt



i CANNOT ACCESS PHOTOBUCKET AT THIS TIME TO ENTER tIARRA'S & jOE'S CHARTS- WILL DO SO THIS PM 10.24.16
TIARRA IS LONG AET-

JOE IS SHORT THE DOW WITH DOG

[sd]

WOW BLYGH! TALK ABOUT AN AEROSPACE BLAST OFF!

[blygh]

And they are off !!!!!

Rider	Horse	Open	Latest	G/L	%	Stop	Limit	Rank
Tiarra	AET	111.71	112.02	+0.31	+0.28%	106		3
Joe	DOG	20.76	20.81	+0.05	+0.24%			4
Ira	LMT	231.5	232.16	+0.66	+0.29%			2
Spiderman	EMES	15.18	15.24	+0.06	+0.4%			1
SD	ALDW	9.33	9.31	-0.02	-0.21%	8.00		6
RD	ITCI	13.69	13.30	-0.39	-2.85%			7
BLYGH	BEAV	58.77	Opened above limit	0	0%	48.7	54
Market	SPY	215.00	214.89	-0.11	-0.05%			5
	QQQ	118.93	119.57	0.64	+0.54%

SPIDERMAN TAKES THE LEAD IN A CROWDED FIELD 
Blygh scratches (unless folks want to let such situations default to the rider's default pick- Opinions??)

[blygh]

I noticed that BEAV was diverging from Boeing (BA) . For years it was highly correlated with BA but has recently out performed. I suspected something was going on although I expected Boeing to possibly buy it,
Blygh

[Spiderman]

Blygh,
Great selection with BEAV.
I vote if a horse is disqualified then we should use the default pick.
It's not like we're playing for real money.
Spiderman

[sd]

- I would agree that we are not playing for real money- but our orders are reflective of how we would possibly trade in a real account- so I would take a counter point of view.
I also use limit orders in real trading, and I''ve had situations where my limit gets filled on a pullback several days after the initial order was placed. It's somewhat similar when you place a stop-loss at a specific amount- The trader has the option of not placing a limit,nor a stop, in the horse race and in their real trading, but that approach also has different consequences. If my stop is listed at $8.00 and price has a gap down open at $6.00 , I have to live with the outcome of where it opened at. Although this was a large gap well above the limit, it is possible (doesn't look likely) that Beav could pullback to the limit price and be resurrected- Just like in the real world. This was a large gap open above the limit, but what if it was just a tad higher above the limit? Say it opened just up $.10 but did not pullback ? Just my 2 bits- Let's consider also IF the opposite would occur.
Suppose in the prior week's race where I had NFLX and I placed a limit target to sell that gave me a 5% target gain, and NFLX opened up 20% higher- I think I would have to vote that perhaps I am entitled only to the 5% gain, because i elected to set the limitation of the trade. However, in the real world, such an order would potentially become a market sell order at the higher open -and potentially would execute in the 1st few minutes of trading depending on orders ahead of mine. OR- perhaps at the higher open, the lucky Horse fills at the low price of the 1st 30 minutes? HMMM?
That said, I'm game for whatever the majority think is appropriate.

[blygh]

Out of the far turn!!
     

Rider	Horse	Open	Latest	G/L	%	Stop	Limit	Rank
Tiarra	AET	111.71	111.64	-0.07	-0.063%	106		3
Joe	DOG	20.76	20.85	+0.11	+0.53%			2
Ira	LMT	231.5	249.26	+17.76	+7.67%			1
Spiderman	EMES	15.18	15.16	-0.02	-0.13%			4
SD	ALDW	9.33	9.16	-0.17	-1.82%	8.00		6
RD	ITCI	13.69	13.06	-0.63	-4.60%			7
BLYGH	BEAV	58.77	59.69 opened above limit	+0.92	+1.56%	48.7	54	scratched
Market	SPY	215.00	214.19	-0.81	-0.38%			5
	QQQ	118.93	119.1	+0.08	+0.067%

Ira rockets into the lead 

[sd]

Looks like Aerospace is getting a lift off across the boards!

[blygh]

Into the back stretch   

Rider	Horse	Open	Latest	G/L	%	Stop	Limit	Rank
Tiarra	AET	111.71	111.01	-0.70	-0.063%	106		4
Joe	DOG	20.76	20.82	+0.06	+0.29%			3
Ira	LMT	231.5	250.09	+18.59	+8.03%			1
Spiderman	EMES	15.18	14.21	-0.97	-6.39%			7
SD	ALDW	9.33	9.40	+0.07	+0.75%	8.00		2
RD	ITCI	13.69	12.86	-0.83	-6.06%			6
BLYGH	BEAV	58.77	59.83 opened above limit	+1.06	+1.80%	48.7	54	scratched
Market	SPY	215.00	213.74	-1.26	-0.59%			5
	QQQ	118.93	118.38	-0.55	-0.46%

Ira extends his solid lead 

[blygh]

Out of the back stretch into the clubhouse turn  

Rider	Horse	Open	Latest	G/L	%	Stop	Limit	Rank
Tiarra	AET	111.71	110.83	-0.88	-0.79%	106		3
Joe	DOG	20.76	20.86	+0.10	+0.48%			2
Ira	LMT	231.5	248.53	+17.03	+7.36%			1
Spiderman	EMES	15.18	13.66	-1.52	-10.01%			6
SD	ALDW	9.33	8.69	-0.64	-06.86%	8.00		5
RD	ITCI	13.69	12.20	-1.49	-10.88%			7
BLYGH	BEAV	58.77	59.75 opened above limit	+0.98	+1.67%	48.7	54	scratched
Market	SPY	215.00	213.17	-1.83	-0.85%			4
	QQQ	118.93	117.84	-1.09	-0.92%

Ira maintains a substantial lead while several riders learn the wisdom of the Stop Loss order 

[sd]

Well IRA, Your patience is being rewarded this week! i would think that -if you had had the time, you would have considered to not continue long a stock in a significant decline- but you based your pick on prior long term history- which perhaps has seen a shift in sector favoritism.
And stops-I think they separate traders from Investors when applied- or not- in real world trading- I once -long ago- corresponded with a retired gentleman - must have been Clear station era- that reportedly had taken a very large position in AKAM- something i own just this past week-It must have reported great earnings because it popped- contrary to my other positions! As i recall, he bought into it in the low 40's and it had dropped into the low 20's- Perhaps that was in the decline in 2011- He lost over 50% of the net value in a few months- - but was lucky enough that he got back to break-even 3 years later. He was seeking to supplement his retirement in the stock market and had made a very substantial buy based on ?? and had no stops in place- and found himself an investor-He claimed he had spent $40,000.00 on the initial entry.
Well, if he didn't want to give up $4,000 with a 10% stop- he certainly wasn't prepared to give up $20,000 on a 50% decline-
That is one of the dangers of individual stock ownership -
The expression with stops is "the 1st loss is the best loss": caveat being that the market doesn't care about expressions. or your stops-Just as soon as you decide you will follow an ABC approach- the market will find a way to test your authenticity, your resolve. and your stops will get hit one after another- and weaken your resolve- but that is due to the market cycle we are in- Non-trending and indecisive.

The issue of stops is complex- i used to think that tight stops and tight time frames were the answer- but it doesn't suit my lifestyle as i cannot monitor intraday and thus shoot my toes off one at a time.

Widening stops is not necessarily the answer, because the market is range bound and non-trending- That is a handicap to start off with.
And this period of earnings- either you get rewarded or punished if you held.
i admit , i had wider stops but tightened them as it appeared selling was the order of the day. That was a good move in hindsight.

Somewhat off tangent- but wide stops are not necessarily safer stops- unless they perhaps make sense chart wise- and then the position size could be reduced.

[blygh]

And across the finish line

Rider	Horse	Open	Latest	G/L	%	Stop	Limit	Rank
Tiarra	AET	111.71	107.39	-4.32	-3.87%	106		4
Joe	DOG	20.76	20.86	+0.10	+0.48%			2
Ira	LMT	231.5	248.00	+16.50	+7.13%			1
Spiderman	EMES	15.18	13.00	-2.18	-14.36%			7
SD	ALDW	9.33	8.00 stopped	-1.33	-14.26%	8.00		6
RD	ITCI	13.69	12.16	-1.65	-12.05%			5
BLYGH	BEAV	58.77	59.50 opened above limit	+0.73	+1.24%	48.7	54	scratched
Market	SPY	215.00	212.50	-2.50	-1.16%			3
	QQQ	118.93	117.16	-1.77	-1.49%

Ira's patience is rewarded with a going away win - Congrats

[blygh]

Ride	Gain/Loss%	Wins	Default pick	Long - short
Tiarra	-42.26%	5	ESTY	long
Joe	+2.83%	4	none
Ira	+11.89%	9	LMT	long
Spiderman	+1.44%	8	EXAS	long
RD	-12.05%	0	none
SD	-6.84%	5	CURE	long
Blygh	+14.96%	6	KOL	short

Major hits taken on the third quarter returns