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Showing posts from April 8, 2018

April 11 - +$800 Need better risk management

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Watchlist $KONE $LEDS $MU Going live soon and I need a strategy that I am familiar with to consistently making money Strategy : 1) trade on up gap down after popping up 2) Short weak stock 3) Trade ABCD 4) Reversal for short squeeze $KONE Took on the short position when I see price crossing below VWAP. hestitated a little bit because I couldn't find a good SL. I should practice my rule that if I cant find good SL, dont trade. Average Cost Around $8.3 SL $8.9 TP 7.4 RRR   2.5= 0.6:1.5 Note: Lucky to make money but not a good trade because I didn't find get to define a good SL when entering. Note for improvement $LEDS Hotkey mistake at the beginning which luckily turned out to be ok. Up 100 on that but the 2nd trade made me lose nearly 400.quickly turn from long to short at 9:43am.  Took 1000 shares. I have violate my own SL rules again. The entry is bad. On STO, the 1 min is a bad entry loca...

April 10 from -$800 to +20 then lose it back

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Watchlist $MU $PAY $WATT $CUR $CHFS Clearly I know that I should trading only the setup I am looking for right now. I think i dd a good job at the morning. If I would have taken the profit on CUR, I wouldnt have traded so many later and lose things up. Overall, I think I am slightly better at this. Strategy : 1) trade on up gap down after popping up 2) Short weak stock 3) Trade ABCD 4) Reversal for short squeeze $KONE Starting with KONE, this is exactly the stock that i would like to trade. Gapping up for multiple time, and aim for candle close below the VWAP. I did not took a good entry because I was away but thank god i am still making some money here. Average Cost 1) 9.44 2) 7.89 3) 7.8 SL TP RRR   Note: I didnt think so much at that time. Note for improvement $CUR Everything just wasnt right on CUR. got stop  up a multiple time. I should have just stop trading this stock. Average Cost SL TP R...

April 9 -$20.61 able to control my RR and lost

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Watchlist 1)TRPX 2)VSTM 3)YNDX 4)FB 5)MU 6)ACAD 7)MRK Today doesn't seems to be like a good day for quite a lot of traders. I was down amost $200 plus initially but able to trade the way back to -20 Strategy : 1) trade on up gap down after popping up 2) Short weak stock 3) Trade ABCD 4) Reversal for short squeeze $ACAD I wasn't paying attention to this stock in the morning until 12pm. My intuition tells me that it will fall lower based on the trend.( Failed engulfing pattern and stock trend slightly lower after that) I took the trade because Stochastic is showing bearish and might fall lower. SL I was trying to find a SL but not sure where is a good SL. Looking at it now, $16.50 might be a good SL since I shorted at $16.31. The target price is around low of the day which I set to cover at $16.05.   RRR   1.36  = 19 cents risk for 26 cents reward. Stock did go lower and i could potentially making more.  Note: I should wo...