Recent content by traderprg

Yesterday market correction has triggered HGT sellstop. And I bought 500 shares of REDF because it has pulled back close to it's breakout level with shrinking volume. This is a test on pullback buying strategy. Another stock came out of screener: FOLD I am waiting it pullback further...

Had a busy week.. STEM is another stock that matched my screener rule perfectly. Here is the chart my latest portfolio.

thanks for sharing. I favor sell-stop so that I don’t have to monitor the price and to avoid getting panic then do something stupid. Automation gives me a peace of mind. When deciding how many stocks to hold, I am using a simple method. For my ~20k capital, I purchase maximum 5 - 6 stocks...

Good discussion on Risk:Reward! Do you follow your 0.5% risk rule strictly?

My sellstop screenshot. Note that I am using trader sellstop based on previous swing low. A little reasoning on why the sellstop for REDF: REDF had a huge jump today. Although it had a previous pullback around 2.3, It would be too much risk to set it below 2 than my current sellstop 2.37 (...

Nothing showes up on my stage 2 breakout screener - that means fewer stage 2 breakouts. Stay tuned for some analysis on that later this week.

What a run with PLUG and ADEP! If I were you, I would have became panic and sold off much earlier. :-) For the past few months, I have been struggling with when to sell and rereading chapter 6 multiple times. Now I use a combination of trendline, previous resistance , swing rule and doubled MA...

Four years! Has it been a big success, If you don't mind me asking? What's your trading style, investor or trader? Initially I was going for the investor role because it requires less time and is less stressful. But the market is a lot volatile than the time when Stan wrote his book. I feel...

Good question! You are right about the previous spikes and they are perfect resistances. Besides the 30W MA and large base, What attracted me to jump in earlier is the huge volume comparing to the previous spikes. If I don't want action, It is safer to purchase REDF when it also breaks the...

Work has been busy... A few things changed: Changed to use GTC from GTD to avoid sell-stop expiration. Sold JGT as mentioned previously for lack of action. SYPR reached high $6.5 last friday then quickly sold off. The high is within the 2012 resistance zone. From the chart, SYPR was...

Thanks for you comment. I think your chart make sense and the strong volume appeared on June 2nd confirmed it. Will keep that in mind and validate it further. I have yet to practice shorting using Stan's method and it will probably have to wait as my time is too short ;-)

My screener follows Stan’s method: 30 week MA is mostly flat or turning up Large base formation - at least one year so there is no near term resistance Huge volume spike - volume during the breakout week should be at least 2-3 times of previous 4 weeks Limit sell-stop ~10% from the entry...

JGT has been slow going. From an opportunity cost point of view, it is not worth it. I have raised the sell-stop to 10.88 of the last Oct resistance level. I will dump it next monday If there is a stronger stock to choose from the screener result. SYPR has been doing well - growing 40% after I...

Done weekly review and screening (surpisingly nothing stands out for stage 2 breakout. So no new orders planned). Updated my sellstop. And surprisingly this week screener didn't return any result.

Set a sell limit around 12.40 for JGT based on the swing rule - peak around $11 in july, low $9.6 in Feb. 11-9.6+11 = 12.4 which surprisingly match the 2012 support.