Well, quick update. My stops triggered in IDRA. Looks like it wasn’t ready to break out yet, that headfake to 5.55 was a real bummer. I still think it will break out, just not yet. I ended up selling out of my position; preservation of capital. I can always get back in.
I did make two buys, hopefully I didn’t have “itchy fingers.” But, I saw opportunity and I pounced. From the charts you can clearly see a nice breakout on BLUE and GILD. I bought the breakouts and expect much higher prices from both – decent sized bases. But, as always, I must be ready to cut my losses on a dime – no hesitation. It is quite the tight-rope between hoping and cutting the losses but a journey that I hope gets easier with expereince. I will be out of town this weekend, but if I can find a computer (and some time), I will update my weekly numbers. Until then, best wishes. -Brad