monthly updates

Since the 1st of November, I've been meaning to do a recap. As of the
end of October, I am down 28.5R. This is not good, especially since I
have doubled my losses since the end of August. But my acct is not at
an all time low, which was down 31R last week.

Sep 2006
Closed 6 positions in Sep.
WEBX, made 0.5R on 10% gain.
FUEL, got my world rocked with a 33% loss for -2R
BTJ spanked me for -11.5R
IMKTA made 0.5R
BTU -0.5R
SIM had a wash

Down 13R on the month. Ouch!

So, that was entirely stupid. FUEL I let go so long because it seemed
to move in a broad range, but it just kept going down and I had such a
small position that I figured what the heck. BTJ I watched slip away.
I didn't chase it down, but I was up for one day and then it had a huge
downday. I kept thinking it would come back as it got lower and lower.
The whole time I was worried and it literally kept me up at night
thinking about my losses and what I should do. Then the oil sector went
in the crapper and I got really scared.

These two stocks alone count for most of my losses since August. My
other 4 stocks made a little. NEVER VIOLATE YOUR STOPS!

Oct 2006
Closed 11 positions in Oct.
WEBX, closed the remaining half of my position at breakeven.
TRAD -0.3R -7%
FTEK +1.0R +20%
VOCS -0.5R -10%
NUVO -0.2R -4%
OPSW -0.2R -4%
CY -0.8R -17% big down day
SYKE -0.2R -3%
MVSN -0.2R -3%
TCHC -0.2R -2% sold half a larger pos on initial down day
WSTG -0.2R -4% sold half a larger pos on initial down day

Down 1.8R on the month. Not great, but not bad considering how many
trades I had. As I said in my other post, I opened too many positions
the 1st and 2nd week of October. Many of them got stopped out after
10/22, which must have been a market down day. I think that of all the
ones I closed, only VOCS has gone on to recover into positive territory
from where I sold it, so this looks like it was a good move to dump all
them.

FTEK I may have closed prematurely, but that's hindsight. It happened
to have a big upday on earnings, but before that had been sinking since
the day I sold it. So, until I get better confirmation of a strong bull
market, I'm shooting for 20% profit. At that point I will either take
half or all off the table, depending on the size of the position.

So far for Nov I have closed 3 positions:
CTRN +1.25R 14%
MCRS -1.23R -6% on a big downday
WSTG -0.50R -10% stopped out of the rest of my pos

So those are down 0.5R, but my currently open positions are up 3.77R, so
this first week is looking good.