Sunday, July 26, 2009

TKTM - Update #2

Due to the incredible bullish trend in the market TKTM keeps running. This paper position was initiated on July 15, 2009. The original stop loss was moved up to break even a few days ago. I am moving up the stop again to a higher level to lock in some profit. This position will terminate on the earlier of the following criteria:

1) New stop hit at $7.10
2) Profit target hit at $9.90.
3) Time target hit at 10th trading day (i.e. profit target not reached by 07/28/2009 - position sold same day.)


Managing trades is pretty boring but it helps you to evaluate performance on a risk adjusted basis. It also gives you a chance to play another day.

TKTM is almost done - I will be looking for a new position long or short in the next few days.

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