Thanks a lot isa for your quick answer. Will read Chapter 6 again.Hi thuang68, thanks for joining in. I've been very pleased with my forward testing so far and have recently doubled my test account size so that I can add more picks to my portfolio as we move further into Stage 2. I've been keeping a journal on Big Mikes here: Trading breakouts with stage analysis - Trading Journals, so you can see how I'm doing in detail on there. It has some of the same stuff as this thread as I put the major charts on there as well, but it has other stuff such as market breadth charts and my portfolio updates as well as it's my journal.
But for quick stats I'm currently up around 7% since my first Weinstein pick on 27th October 11 and from the 19 positions so far I have closed 7 positions for 5 wins and 2 loses. So I now have 12 open positions of which 11 are positive so far and 1 is negative at -2.14% currently.
The book can tell you how to find good picks and when to sell them, but it doesn't tell you how to manage your portfolio. So I wouldn't judge the method on the percentage gain I've achieved as that's down to me alone. But I think the number of winning picks over losing picks shows how good it is.
Read Chapter 6: When to Sell - page 178 onwards as this goes into great detail of where to place your stops as an investor or as a trader. Basically though, for the short answer an investing stop is placed under the last major support zone on the weekly chart and under the 30 week moving average, whereas the trading sell stop is for short term traders following the trader method so is placed much closer under the most recent pivot level before the breakout. I'd recommend reading through Chapter 6 and doing the quiz at the end to make sure you understand what you've read.