To continue the previous couple of posts, like this one, and to update positions discussed. Also, I keep telling you guys, you want outstanding performance, you should CONSISTENTLY be trading at least one of the top 3 stocks of the day. Some days I trade all 3 of them, some days like today “only” the #1 stock. Why is this important? They are STRONGLY trending. Period. Why are you afraid of huge uptrends/powerful momentum?
Today it was ATAI, the #1 stock of the day, I could have traded it better, and what I was looking for it to do, it eventually did that (blast thru 2.50), but it did it in the AH. I discussed this earlier in the day in a comment.
So again:
My challenge for myself this year – starting with a very very small account, and having to deal with (or maybe not?), the PDT rules. There are ways around it, I’m employing 2 of those ways, but the trade sizes then must be kept extremely small. Doing a small account is something I’ve never done over my trading career, so there has been plenty to learn, and I’m really enjoying the challenge and the experience. All of this was discussed in the conference call recently. The way I’ve set this up and approached this, I am avoiding the PDT rules, small position sizing, but I do a lot of trades.
From 4/8, about VTL (right off the scanner stock, just like ATAI today, nothing fancy):
As discussed in this post about VTL, and the outstanding trades I had in there on 4/5. So how do I recognize, AHEAD OF TIME, which stocks have the potential for very big moves? I consistently have what turn into the top stocks of the upcoming day on my watch list.
I have a system, strategy, approach which I had – recognized something, a pattern, repeating, then I started watching it, tracking it, developed it and honed it – and it took a long time, and I’m still honing.To repeat from 4/5 post:
My list coming in to 4/5, plus VTL which was added before the market open and was the #1 stock of the day and CVM also on the list was the #3 stock.
…XOG up 10% sold 1/2, ZYNE up 17% sold all, …CVM the #3 stock of the day up 21%, MRNA bought the bko all time-high at 23.30 on Friday up 12%, and DNR up 9%.
Today on 4/8, excellent trades in CVM 12% on 1/2, and NBEV 15% on 1/2, below after VTL. then scratches basically, in SPN, SCYX.
4/9 – All charts below:
So today on 4/9, to update some stocks from the previous post and exited today, charts are below. NBEV sold the rest at 6.06, up 5% but not pleased, I know my mistake, XOG sold rest at 5, up 4%, again not pleased.
However CVM, very pleased, sold almost the exact high, discussed this in an earlier comment this afternoon, stuck to my plan, the analysis of the big res was very good – sold the rest at 7.48, up 40% in less than 2 days.
4/9 – If you want more insight into ATAI, find my early comments on another post – As to the ATAI trade, it successfully passed my trend test very early in the day. So I entered on a dip at 1.76, sold part at 2.15 into strength up 22%. Then I sold the rest at 2.15 up 19%, but on the way back down, lousy execution not the way to do this well over time. The good part, these “returns” were all done within an hour.
I have discussed my OUTSTANDING trend test which I spent a long time developing. It is a very powerful tool for me. This was discussed with subscribers last year, but of course only a few people were paying attention. Amazing how fricking lazy that people are.
The only loss of the day was in GERN, chart below, believed trend was up.
All charts:
ATAI:
CVM:
NBEV:
XOG:
GERN:
By chance how do you define Upper level handle?If so a 12 dip setup is to be appropriate as an entry point on the handle?
I’m kind of disappointing at myself for not being able to recall the “Trend Test” discussion. I don’t expect to get a bone but it would be greatly appreciated if I got one.
Trade that I’m in.
https://www.tradingview.com/x/xFmw1nF6/
Thanks for this post.
Raphael you need to learn this stuff and your way of doing it. Listen to what I say and develop your approach. My approach works wonderfully for me, but you aren’t listening to me. I would not be trading that stock. Watch the video. If I start another stock service, I would expect you would be willing to pay to learn. I worked very very hard to develop all of my setups, analysis, systems – so how much does it mean to you to learn.
“I would not be trading that stock.”
So, what do you dislike about this stock?
HOD=High of the day?
BTW thanks for the recapture video.
Look at my latest post. Figure it out.
Basically it boils down to one word.”Strength”
Part of me wants to buy strength and the other part wants to buy reactions. Apparently I have to make a choice. Once there is a reaction it is no longer strong, at least for the moment.(Unless I’m wrong)
You think way too much. What is the trend you are trading, the timeframe, a few days? Then you enter, WITH A SETUP, into a shorter-term reaction within the uptrend. Period. Or, you really learn bkos, and you then do buy strength, I did that today with TIGR, when it went to new highs after the opening range, bought AT THE MARKET, using my “successful trend test” SETUP, and then sold all of it, too early, into FURTHER strength. But in JMIA, I bought a reaction SETUP, 10 minutes before the close, using MY SETUP, my “good close setup”, that is discussed on the website, and sold the full position, too early, in after hours. So again, I ONLY enter a trade with a SETUP, not using textbook definitions of reaccum etc. I use those definitions to analyze the technical situation. Then I know which setup i should be employing in that situation. AND I have mental stops set, AND parameters, AND get out of at least 1/2 as soon as possible into strength. AND raise my stop to scratch. AND I’m not guessing/predicting.
Also, TIGR yes was on my list coming into today, and JMIA no had never heard of before I saw it on the scanner early on. AND look at the charts, were either of those anywhere near the lows coming into the day? Yet I got 2 successful 10% trades in them.
You DO NOT have setups, and you DO NOT understand trends and you DO NOT understand strength. You need to fix those and you will be on your way. This thing is hard work, but simple. It is.
Awesome stuff, you’re killing it! Nice to see what’s possible.
Looking at your trades after the fact looks reasonable, but I can now say from experience that to spot them and then execute them in the present moment adds a whole new level.