Weekly review on my trades (5/4 - 5/8)

This week, I made 7 trades, all of them were public and real time. 6 of them were closed (one was a break-even trade, not listed below), while the other one was just open at today's close (SRS, $19.75). The sum gain percent of closed trades is +16.82%. It is a good week in general, compared with market (spx from 877-930, 53pts, wow) which gained +5.89%. The notable points are I gained most from short positions in this big up week. I am even surprised how I survived and even gained not bad profits. I think I must thank much to my Pivot Trend System which provides me great market movement guidance. See my trades below.

5/8	FAS	$11.42	5/8	$11.25	-1.48%
5/7	SRS	$21.56	5/7	23.15	+7.3%
5/6	SRS	$20.80	5/7	$22.85	+9.8%
5/4	SRS	$21.15	5/5	$22.25	+5.2%
5/4	BGZ	$42.2	5/4	$40.51	-4.0%

You may have a question in your mind, why not siting with longs and just follow the uptrend? The answer to me, and hopefully to you, is very clear, are you feeling comfortable staying long opened this week at such a high level after 8 weeks up in a row? If you set stops on your longs, I bet you were already shaken out (there are two negative days in this week), and re-entering always needs lots of courage and a strong heart.

Surely, I could do better, like today's FAS trade and URE call. But in trading, you will never be prefect, as there are too many uncertainties. What matters the most to me is reducing risk and protecting capitals, since what I have learned from market so far is that profits are accumulative, not from betting once big.

Hope you enjoy my posts, make money on my calls and have a nice weekend!