You must be fugly
I orginally started this blog as a stock market diary intended only for myself.
Previously, I had written this into a notebook. It is easier to type it up online and other people may be interested.
All of the ugly picks are notes to myself and not intended as recommendations to buy or sell. However, having said that, if you were to buy or sell an ugly pick, I would offer the following recommendations:
- Before you buy or sell short, have a stop price already determined
- After you buy or sell short, immediately enter your stop order
- Adjust your position size and stop order so that you will lose only 1-2% of your trading equity if you are stopped out
- Adjust your position size so that your stop order will be placed just below technical support
- Never lower your stop, but increase it as the stock rises to secure profits.


