So what went wrong?
My rules has been doing very well from me, I outperformed S&P by 10% in 2010, I had a 10% gain until last week.
Interesting, as of today, I am down 2% for 2011, but can't see why, because the market seems to be bullish, but I can't find any stock I like that is moving up.
My bet on Gold and Energy did not hurt me, it was FFIV. I don't trade around earnings, but usually hold it over. But that 20+ pts drop and subsequent 10 more points killed my return.
Stops?? I know I should have put stops, but I don't, because the market has been trending very steadily. Things were so easy.
I am not going to put stops in my IRA still. But I always use stops for Forex and Options.
It is time to re-group, I am now 80% cash, leaving CAT, CLF, FTI & JOYG
Good Luck everyone.
longs: still looking
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