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EOW 118 update: ASX Momentum Portfolio +61.2% ( 23% invested in 2 trades)
Benchmark index: SPAX2F15 (Incl. divs and f credits) +9.5% (past 118 wks)

This weeks sells: MMS (-0.4R), TPM (-0.6R)
This weeks buys: nil

The index has bounced off the recent 5730 level which is now strong resistance as it's been hit three times. Our portfolio takes another hit as two trades where closed for losses. This makes five consecutive losses as the market has fallen.

When times get tough, we become frustrated by our lack of progress and when we take few losses it's easy to postpone the weekend review. We'll do it later. This is a same inaction as not closing a trade that should be closed. This EOW review is an important part of our business. Ignoring it, is taking our eyes off the business. Would you leave your business unattended? This EOW review forces us to look at what's happened and make sure we're looking for the next opportunities.

Our recent losing trades:
HSN: We've already reviewed the incorrect iSL. A minor mistake that was exposed by a bearish market.
BAL: A volatile stock we're our re-entry failed. A normal loss.
FLT: Another stock with a iSL was placed too close in this bearish market. Do we re-enter on this 2nd BO-HR?
MMS: Another re-entry BO with a strong trend up, that has reversed.
TPM: A reversal BO-HR that has immediately failed to go higher.

The bearish market with it's normal increase in volatility has created this current losing sequence. Past losing sequences 7L, 9L, 5L, 5L, 6L, 6L, 10/11L, now another 5L.

Outlook: WD DD. Our market filter remains down, but the latest rally could change the daily trend if it continues next week. It's important that we trade perfect setups in stocks that have been showing strength, relative to the index.

[ATTACH]71422[/ATTACH]

<blockquote data-quote="peter2" data-source="post: 949248" data-attributes="member: 13908">EOW 118 update: ASX Momentum Portfolio +61.2% ( 23% invested in 2 trades)Benchmark index: SPAX2F15 (Incl. divs and f credits) +9.5% (past 118 wks)This weeks sells: MMS (-0.4R), TPM (-0.6R)This weeks buys: nilThe index has bounced off the recent 5730 level which is now strong resistance as it&#039;s been hit three times. Our portfolio takes another hit as two trades where closed for losses. This makes five consecutive losses as the market has fallen. When times get tough, we become frustrated by our lack of progress and when we take few losses it&#039;s easy to postpone the weekend review. We&#039;ll do it later. This is a same inaction as not closing a trade that should be closed. This EOW review is an important part of our business. Ignoring it, is taking our eyes off the business. Would you leave your business unattended? This EOW review forces us to look at what&#039;s happened and make sure we&#039;re looking for the next opportunities. Our recent losing trades: HSN: We&#039;ve already reviewed the incorrect iSL. A minor mistake that was exposed by a bearish market.BAL: A volatile stock we&#039;re our re-entry failed. A normal loss.FLT: Another stock with a iSL was placed too close in this bearish market. Do we re-enter on this 2nd BO-HR?MMS: Another re-entry BO with a strong trend up, that has reversed. TPM: A reversal BO-HR that has immediately failed to go higher. The bearish market with it&#039;s normal increase in volatility has created this current losing sequence. Past losing sequences 7L, 9L, 5L, 5L, 6L, 6L, 10/11L, now another 5L. Outlook: WD DD. Our market filter remains down, but the latest rally could change the daily trend if it continues next week. It&#039;s important that we trade perfect setups in stocks that have been showing strength, relative to the index. [ATTACH]71422[/ATTACH]</blockquote>

[QUOTE="peter2, post: 949248, member: 13908"] [U]EOW 118 update[/U]: ASX Momentum Portfolio [B][COLOR=#006600]+61.2%[/COLOR][/B] ( 23% invested in 2 trades) Benchmark index: SPAX2F15 (Incl. divs and f credits) [B][COLOR=#006600]+9.5%[/COLOR][/B] (past 118 wks) [I]This weeks sells[/I]: [B]MMS[/B] (-0.4R), [B]TPM[/B] (-0.6R) [I]This weeks buys[/I]: nil The index has bounced off the recent 5730 level which is now strong resistance as it's been hit three times. Our portfolio takes another hit as two trades where closed for losses. This makes five consecutive losses as the market has fallen. When times get tough, we become frustrated by our lack of progress and when we take few losses it's easy to postpone the weekend review. We'll do it later. This is a same inaction as not closing a trade that should be closed. This EOW review is an important part of our business. Ignoring it, is taking our eyes off the business. Would you leave your business unattended? This EOW review forces us to look at what's happened and make sure we're looking for the next opportunities. Our recent losing trades: HSN: We've already reviewed the incorrect iSL. A minor mistake that was exposed by a bearish market. BAL: A volatile stock we're our re-entry failed. A normal loss. FLT: Another stock with a iSL was placed too close in this bearish market. Do we re-enter on this 2nd BO-HR? MMS: Another re-entry BO with a strong trend up, that has reversed. TPM: A reversal BO-HR that has immediately failed to go higher. The bearish market with it's normal increase in volatility has created this current losing sequence. Past losing sequences 7L, 9L, 5L, 5L, 6L, 6L, 10/11L, now another 5L. [I]Outlook[/I]: [B]WD DD[/B]. Our market filter remains down, but the latest rally could change the daily trend if it continues next week. It's important that we trade perfect setups in stocks that have been showing strength, relative to the index. [ATTACH]71422[/ATTACH] [/QUOTE]

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