A win and a loss...

After an exciting couple of days, I closed two positions as one hit my stop loss (PEG) and the other hit my first target and then declined to my 1% stop loss (PRGS). The two trades basically ended up being a wash, but provided insight into how to pick stocks. The interesting fact about these two trades is that I entered them on the same day, but with different position sizes. It stinks that I got them backwards, the smaller position on the winning stock and the larger on the loser. I am going to review my notes and thinking to see if I should have reversed the position sizes OR was there no real evidence to suggest each stock's behavior. To the data:

Sold 4.84712 shrs of PEG at $61.27 after it reached my $61.00 stop loss. Sold 2.93312 shrs of PRGS at $26.46 after it reached my first target of $26.30 and then sold the remaining 2.93313 shrs at $26.078 after it reached my 1% stop loss based on the $26.46 price.

PEG: net -$3.71 or -1.24%
PRGS: net +$4.10 or +2.73%

I cannot calculate my September and quarterly statistics yet as the NX trade is still open. Currently, I sit with a paper loss of $0.66.

For now,
Masterjaz out