Hi Gang, I'm having trouble whipping Newport into shape for positions I already hold and I'm not sure what to do to get it to work. What it seems to use is the current price of the position rather than the price it was purchased at. This puts the hold zone way out of whack with the realities of the market, especially given when and why things were bought during my mother's lifetime. Too many things were bought at too close to the 52 week high and hover somewhere below but not enough to generate a buy signal, even if I was interested in buying them for the future, which I'm not.
Thought on how to solve this?
Given that the "bull" market appears that it will continue for a bit more my sense is to hold on to the losers until they break even and then sell. With this in mind I have placed GTC orders for each just under (a few pennies) where they were bought.
Thoughts on this strategy?
Best,
Allen
