6/5T3:05 New Leaf

Today will mark the 1st day of the incredibly strict discipline of only trading the stocks that fit all of the Rules. I pledge not to put a single penny into an idea that does not fit the code. As I review my trades over the last weeks months and 2 years I only make money on these type of stocks. All other trading is holding back my performance. I also pledge to only short the market to hedge positions. By following this creed I must acknowledge that I will not be fully invested most times because there are not a lot of ideas that fit. I will be increasing the average position size to help offset the dearth of choice.

Stock: BIDU

1st candidate for new leaf portfolio is BIDU. This stock has all the necessary requirements and comes complete with a cup & handle and is today breaking above the 20day ma. All that is missing is volume. So we will buy 1/2 the position today and add to it as volume comes in.

2nd MPWR: Volume break out. Buy 1/2 at close and 1/2 on weakness in the 1st hour tomorrow.