trading
Monday, 9 May 2011
Managing Risk.
Mark Minervini suggests those steps to reduce risk.
10 Steps to Take to Reduce Portfolio Risk
1. Get off margin immediately
2. Raise at least 25-50% cash
3. If you choose to trade, take smaller than normal position sizes
4. Reduce overexposure in any one industry group and diversify more broadly
5. Reduce exposure to high beta stocks
6. Avoid laggard stocks (even if they look cheap)
7. Nail down profits when you have them (be less greedy)
8. Tighten up your stop-losses (be less forgiving)
9. Sell all stocks that break down in price (especially if they can’t rally)
10.Upgrade in quality and reduce exposure to low priced stocks
Sunday, 8 May 2011
ung
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The information contained herein is not, and should not be construed as an offer to sell or an offer to buy any securities
Wednesday, 4 May 2011
UNG now.
We are close to our break even stop 11.79, and emotions are rising. Remember, we can always buy it back, and as always,
the rule # 1 is "do not lose money"
it goes on the watch list for now
The information contained herein is not, and should not be construed as an offer to sell or an offer to buy any securities
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