Thank you Peter for collecting the data from the meeting:
From: Peter Afif pafif@aol.com
To: twest@compocapital.com
Sent: Wed, 13 Feb 2008 10:30 pm
Subject: Group Meeting Feb. 13, 2008
Picks for the month,
David Brandman: Long AVNX
Joe Bocuzzi: Long DSX
Mike Gallagher: Short oil using USO
Bob Gifford: Short QQQQ using QID
Stan Katz: Long Dollar using EUR/USD (forex)
Mark Juviler: Short Soy Beans
Peter Afif: Long DBA
Tuesday, February 26, 2008
Monday, February 11, 2008
Wed, Feb 13, 2008 Meeting at Bobby Q's
The meeting is on for this Wednesday, Feb 13, 2008.
Arrive at 5:30PM.
Informal meeting at 6:00PM.
Mark Juviler and David Brandman will host the meeting this month.
After David's 2nd win (if ETFC holds its 100% gain through Wed's close), he and Mark will guide the group through our regular session of reviewing the past months comments and ideas to see how events transpired. Be ready to provide your idea for a market, stock or trend for the meeting. The past meetings have been extremely interesting from the standpoint that we all have many unique perspectives and view a variety of markets for possible trades. You can pre-construct your trade any way you want, even post updates to your idea at the site.
In the past month, we had one idea closed out by a formal email to me. So, that is always an option as well. In the future, we can explore options trades too as a way of defining risk.
As far as last months ideas and how to construct a portfolio out of those ideas - I hope you see how there are different ways to "size" the trades: by volatitility (11-day average true range) or by capital or some combination. Some may consider "beta-sizing" a position. Also, how do you stop out of a losing trade. Furthermore, you can "exit at a pre-defined R-profit" if you would like. So far we have seen 6R winning ideas on several occasions and one 8R profit. That seems to be the extent of a move in one month so far.
Let's all thank Mark for the laptop with wireless internet capability. If we didn't have access to the internet, then it would be necessary for you to print out enough copies of your idea so everyone could look at it and review it. Then I could scan some of the ideas and post them to the site. I will consider doing that for next time.
Please consider setting up the next meeting for the 2nd Wed of March.
Poker starts at 8:00PM so do your best to exit the room before 8PM.
Happy Trading!
Timothy West
Arrive at 5:30PM.
Informal meeting at 6:00PM.
Mark Juviler and David Brandman will host the meeting this month.
After David's 2nd win (if ETFC holds its 100% gain through Wed's close), he and Mark will guide the group through our regular session of reviewing the past months comments and ideas to see how events transpired. Be ready to provide your idea for a market, stock or trend for the meeting. The past meetings have been extremely interesting from the standpoint that we all have many unique perspectives and view a variety of markets for possible trades. You can pre-construct your trade any way you want, even post updates to your idea at the site.
In the past month, we had one idea closed out by a formal email to me. So, that is always an option as well. In the future, we can explore options trades too as a way of defining risk.
As far as last months ideas and how to construct a portfolio out of those ideas - I hope you see how there are different ways to "size" the trades: by volatitility (11-day average true range) or by capital or some combination. Some may consider "beta-sizing" a position. Also, how do you stop out of a losing trade. Furthermore, you can "exit at a pre-defined R-profit" if you would like. So far we have seen 6R winning ideas on several occasions and one 8R profit. That seems to be the extent of a move in one month so far.
Let's all thank Mark for the laptop with wireless internet capability. If we didn't have access to the internet, then it would be necessary for you to print out enough copies of your idea so everyone could look at it and review it. Then I could scan some of the ideas and post them to the site. I will consider doing that for next time.
Please consider setting up the next meeting for the 2nd Wed of March.
Poker starts at 8:00PM so do your best to exit the room before 8PM.
Happy Trading!
Timothy West
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