Investment Club Notes - October 2005
Investment Club Notes - October 2005
This is going to be a pretty dry first post but I want to just check this service out and see if I like it more than my other blog. ---
My good friend Jeff Taylor came into town from Portland last night for our investment club meeting. Scott Howard also attended his first meeting and indicated that he and Tam would like to join.
The meeting was pretty valuable and centered around being more rigorous with trading methodologies - specifically using trailing stops to protect gains. Almost every stock we've owned, with the notable exception of BRK.B, has been up significantly at some point in our holding period. Unfortunately, our failure to protect on the downside has been hampering our overall performance. WHI and ZQK both have been up significantly while we held them and now we've seen them tumble to the negative. That sucks. If we had just protected downside on those two stocks, we would literally have amplpified our group gains by 100%.
The idea next meeting is to spend a few minutes revisiting all of our stocks and figure out the trailing stop-loss strategy for each. We might start with something simple like 25% trailing stop-loss on each and then track it more going forward.
I also want to take a deeper look at potentially adding more to our smallest port position (which is in CSTR). We're up 20% on the position since February 2003 and CSTR seems to be pluggin along towards some lucrative changes. The Amazon.com gift card pilot program looks especially appealing. Note to self: take all my change to QFC and get an Amazon gift card while still an Amazon Prime member.
This is going to be a pretty dry first post but I want to just check this service out and see if I like it more than my other blog. ---
My good friend Jeff Taylor came into town from Portland last night for our investment club meeting. Scott Howard also attended his first meeting and indicated that he and Tam would like to join.
The meeting was pretty valuable and centered around being more rigorous with trading methodologies - specifically using trailing stops to protect gains. Almost every stock we've owned, with the notable exception of BRK.B, has been up significantly at some point in our holding period. Unfortunately, our failure to protect on the downside has been hampering our overall performance. WHI and ZQK both have been up significantly while we held them and now we've seen them tumble to the negative. That sucks. If we had just protected downside on those two stocks, we would literally have amplpified our group gains by 100%.
The idea next meeting is to spend a few minutes revisiting all of our stocks and figure out the trailing stop-loss strategy for each. We might start with something simple like 25% trailing stop-loss on each and then track it more going forward.
I also want to take a deeper look at potentially adding more to our smallest port position (which is in CSTR). We're up 20% on the position since February 2003 and CSTR seems to be pluggin along towards some lucrative changes. The Amazon.com gift card pilot program looks especially appealing. Note to self: take all my change to QFC and get an Amazon gift card while still an Amazon Prime member.
posted by Eric @ 1:52 AM
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