I have reason to believe that there is some merit to the "cut your losses early, let your winners run" in the momentum situation.  Basically, I'm up against some serious volatility.  I'm going to get about this two ways, the first way, I'm going to stick to relatively strict profit targets and stop losses.  I will revisit positions at least once a week if not more frequently.  When I see a position that has a loss of more than 8%, I'm going to sell that position and replace it based on my scan criteria.  I am also going to set a profit target double that of my stop loss, so between 14-16%.  I reviewed ZEUS and AXYS this morning, ZEUS is down 8% and I've submitted a sell order. AXYS went to the moon based on  wonderful figures.  I've submitted a profit target ~15%.

I'm also experimenting to see how much I will have to manage this.  I don't have a lot of free time these days, so a daily review is unrealistic.  Also, I don't want to over manage it.  8% may not be enough wiggle room to let these picks make their upside moves.  However, I don't want to sit there and wait while something is dropping like a rock.

This is still paper money and until I have the "~" worked out one way or the other, it will stay at paper money or with no money at all.

You'll be able to see how the performance is at marketocracy by clicking here.