Look Back to Go Forward

Once a month, I take a look back at trading performance. This is one of those rare times where if you want to get ahead, you have to look behind you. Over 23 trades, 15 are in the green and seven are in the red. There is one trade, Caterpillar (CAT) , that closed flat. CAT is one of the trades I wish I continued to hold as the stock has taken off higher and the initial call position now has an intrinsic value twice the premium paid. Those trades are bound to happen once you have enough in the book, and we are looking at 23 trades total over less than two months. 

Admittedly, the losers have been larger than I'd like and they stick out like undisciplined trading, so they are worthy of a look. Home Depot (HD) caught me on the wrong side of earnings. Even then, the position held pretty well and I felt good about the recovery. Unfortunately, a second whammy by the name of Amazon (AMZN) snuck up on the stock and I felt it best to simply cut ties and walk away. In hindsight, holding the stock would have worked out, but the market has rallied sharply in a broader sense, so if that investor money was reallocated on the long side, there's a good chance it worked out anyhow. ...240 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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