The five trade setups that I posted from 8/18-24, did have a positive edge to it this week. I avoided two trade setups to the long side, when it became painfully obvious that the market wasn’t going to be very cooperative with the bulls. The best trade you could have gotten into was KITD. The stock went as low as $8, so there was plenty of opportunity to make double-digit gains in the stock. Also a big winner was CSCO which has been on a selling-spree since its recommendation. I would go on further to recommend you re-shorting it on any sizable bounce below $21.

Overall the returns were respectable. If you only focused on the short setups (which would be my preference considering market conditions), then you would be sitting on some very satisfying profits. If you did both long and short setups, then you are looking at some modest gains for the week.

This week’s trades will be in the spotlight next week, while I let them have an opportunity to run a bit for now.

For the purposes of this exercise, I took the price at the market open the day I issued the stock pick (which typically is the worst time to be starting a new position in my opinion), and took the share price of the stock, had I held it up until today (unless the stop-loss was triggered before then, at which I would consider the stop-loss to be the exit-price).

Below is the performance table in detail.