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Monday, February 09, 2004
Good evening friends,
Every Day is a TWPD Day
If you took the day off, you didn't miss much in the markets. The NASDAQ traded in a narrow 15 point range and closed near its low. The Dow also had a tight range also but managed to close off its lows for the day. There was no follow through to Friday's rally and this is very disappointing. In order for the markets to get in gear, we need to see follow through on rallies when we get them. Follow-throughs confirm direction and since we didn't get a follow through rally, the direction of this market cannot be confirmed yet. Days like this don't matter to us when we can find a stock that gains 40% on 3X volume. These types of stock plays help the bottom line when the overall market fails to cooperate with us. TPPP was our big stock today. I sent an alert to you when it was trading at 1.30, and there was plenty of time to get in; it didn't blast off until later in the day. It closed near the high 1.74. This stock should do well tomorrow, and we may sell ½ our position depending on how it's looking.
The 5% Rule
Let's talk about the TWPD Trade Record a little tonight. I'm proud to say we have modified our Trade Record to show compounded % gains since inception and for 2004. This change will take effect immediately. This is how we have set it up: the trade record will now be a 100K model portfolio for everyone to follow. This same spreadsheet will be available for you to use as an online version once MT has had a chance to get it on to the website for your access. Hats off to Mike Serven who spent his entire weekend developing this Trade Record for us. We all owe him a very big thank-you, great job Mike. The new spreadsheet takes the guess work out of calculating 5 or 10% of a portfolio balance. Here is the good news - with this Trade Record, it calculates the exact number of shares we need to buy to make up 5% of our portfolio balance for each trade. Assuming we are winning most of our trades, our balance will go up as each trade closes, letting us increase our investment dollars for next trade. This is compounding our gains. Previous to this, I was under utilizing our portfolio balance in June and July of 2003. Most trades were only 2 and 3% of my balance so this resulted in less over all return. I was wondering why we only made 215%, LOL. We've fixed this detail and since inception if we had been using this spreadsheet and putting 5% of our available cash into each trade, the record clearly shows we would be up 417% in 9 months.
An alert subscriber mentioned this fact to us a few months ago in a post, I can't recall the poster's name but he was correct about the power of compounded trading. We did not have the proper tool to show the potential of our trading system and like many other improvements we have made, this is another one we should have made sooner. MT will have this new spreadsheet on the website soon for all to see and use for their own records. I will be using the 100K model so it will allow me to buy stocks with lesser volume. This should help the service a great deal. Before, we have had to pass on less liquid stocks but now we can buy stocks with lesser volume and I will be buying fewer shares because of the smaller portfolio balance. Please understand that we are not doing this to try to inflate our gains. We are doing this to improve on our gains in the future and to show that if we had strictly followed the 5% rule from the start, our gains would be much greater. I knew we needed a better product, and I had been searching for awhile to get this done. Thanks again to Mike Serven for stepping up and creating a solution to this extremely important issue. Now we can all take advantage of the power of compounded trading. Using the 5% rule to it's full potential, there will be enormous potential for incredible portfolio growth.
TradeWithPizzaDriver 1st Anniversary
Drew is trying to put together an Anniversary get together for all who are interested in attending. Dates and location have yet to be decided. We are in the preliminary stages of this planning and need to know who would be interested in attending. We need to have a rough estimate of the number of people so we can try and get a group rate for the arrangements. Our anniversary is June 1, 2004, but I will be unable to make it during the months of May and June due to other obligations. July and August are very hot for visiting Las Vegas, but if this is a family event, then we would have to do something before school starts. Please e-mail Drew (Drew@TradeWithPizzaDriver.com) if you would be interested in attending. Again, this is not set in stone and may not even happen until we know what kind of numbers we are dealing with. More to come!
Message Board
First day on our new message board went very smoothly; let's thank Mike Tojo for a fantastic job getting that ready for us. The speed of this board is incredible. Sure beats the lag time we had with Yahoo. Nothing against Yahoo, it's a fantastic site and we could have never gotten TWPD started without the use of their services. Thanks Yahoo from all of us at TWPD.
For the active OTC bb player, one of last night's OTC bb stocks (VLDI) was up 13% today.
For tomorrow, watch BIPH, EENT, RMDC, NNPP, GOJO, FMLY, and VSYS
As always, thank-you for your support past, present and future! Have a great night everyone; we'll see you all Tuesday evening.
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