This is trading day 1 of the live demonstration of my How To Sell Stocks For a Profit Tool. If you are not familiar with this tool, I highly recommend you take a look at the video which explains the tool.

You should also take a look at my post – Using My Exit Strategy Tool to Sell Stocks for a Profit, which outlines the rules for this live trading demonstration.

Correction From Original Post
Blame it on user error, but I entered in the wrong number of shares for NVEC. The total number should be 46 shares, not 99.

Down Day in the Markets Produces Expected Results

With a slight down day in the markets, we would pretty much expect our long positions to decline, and our shorts to gain in value, which is pretty much what happened. Remember, I’m using a completely untested entry strategy that doesn’t consider the current market direction.

Our long positions lost a total of $353.04, and the shorts gained $17.04 for a net loss of $336.

Total Opening Risk – $14974.45
Current Value – $14604.37
Profit – ($336)
Profit Percentage -2.24%

Today’s Updated Trailing Stops

Long
Sym – Close – Stop

RDN – 11.17 – 8.75
HIG – 27.44 – 23.12
MTG – 7.61 – 5.91

Short
Sym – Close – Stop

ENER – 11.89 – 14.10
NVEC – 53.44 – 63.93
AME – 35.38 – 37.29

Last 5 posts by Steve Warshaw

• Ford Cup With Handle Chart Pattern - November 18th, 2009
• Video: Gold Forecast November 16th, 2009 - November 17th, 2009
• Free Email Trading Course – Guest Post by Adam Hewison - November 13th, 2009
• Looks like a flat to down day on the SP, if it turns down, look out below - November 13th, 2009
• Video – Has The SP 500 Topped Out? The Technicals Say ‘Probably’ - November 13th, 2009