Bad news first, the QQQQ score would have lost .58% today if you had shorted

Now on to the excellent news:

VLO — Did trigger and went on to score $2.44 on day (using old leveraging rules = $488 profit)
AAPL — Did Not Trigger
MSFT — Did Not Trigger
RJET — Did Trigger and proceeded to loose a whopping $.02
VPHM — Did Trigger and proceeded to score $.45 (using old leveraging rules = $135 profit)
XMSR — Did Trigger and proceeded to score $.93 (using old leveraging rules = $279 profit) note, this scored 4.22 R Units
HLTH — Did Trigger and proceeded to score $.17 (using old leveraging rules = $68 profit)

A few things I wanted to mention here since I have changed some of my entry criteria. Under my old rules, if a stock were called as L, if it were then to gap up by more than $.07, then the the play would not be considered valid and would not have counted on the daily total. Given the nature of my new system, a play will not be invalidated unless it gaps up by more than $.50 for stocks priced over $30, and $.30 for stocks under $30.

The reason I specifically pointed out the profit under the old leveraging rules is because those rules will be changing here shortly to a more accurate position sizing model. A final change that will be coming is that results will be measured in R (risk) units in addition to % gains to further accomodate traders of all capitalization levels.

Details on all the changes will be spelled out more clearly in the coming days after I’m finished writing the first few articles (see below)

Well the first 2 days of my new trading system have yielded batting averages of .71 & .83 respectively with some nice gains. If this is any way indicative of how my new style will progress, then I’ll be very pleased indeed.

Also, please keep an eye out for the first article in what will be two ongoing series entitled “Root Causes of Trading Success” and “Trading Obstacles to be Eradicated”