Hotels

Hotels

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29th January 2009 Trades

I tried to get 2284 when it was 85. Took the higher price when trendline broken, should I have waited for the pullback?.
Just missed the target at the vwap mean by 1 point. So I took 95 (profit 5 points) for fear of loosing on the trade.
As the chart shows my target would have been hit but would have to sit through the pullback to my entry point.
Its a problem - do i take some profits by giving up a larger profit or risk a breakeven or small loss?

26th January 2009 Trades

Today I was determined to hold trades longer.
1st trade I did set an initial target of 2240 after moving stop up to 2220 but took profits at 2227 for a profit of 26 points. The 2240 would have been hit so maybe got out a bit early, but still a good trade.
2nd trade. looking for a retest of the highs but the action didnt feel right. Took a loss of 3 points.

Weekly Summary 25th January 2009

Weekly Profit/(loss) = 17 points +1.13%
Wins = 26
Losses = 15
Win Ratio = 63%

Profit/(loss) since 10/10/08 = 197 points + 15.17%
Wins = 126
Losses = 59
Win Ratio = 68.11%

21st January 2009 Trades

23rd January 2009 Trades

Weekly Summary 18th January 2009

Weekly Profit/(loss) = 21 points +1.42%
Wins = 22
Losses = 7
Win Ratio = 76%

Profit/(loss) since 10/10/08 = 180 points + 13.87%
Wins = 100
Losses = 44
Win Ratio = 69.44%