Buy High Sell Higher (Equities)

Sekiyo

Sekiyo

Not the best time for a long only strategy,
Might as well get used to sell short.

I’ll post charts, PnL and basic statistics.

I don’t know why I would host my journal here.
It’s not pleasant nor useful.

Maybe we can add some value.

Let’s see

Got a small 5k account,
Ran it up from 4200 in 2 months.

I won’t be able to enjoy the rewards until several years. Maybe that’s why I need to talk about it.

That’s actually a loan and it really taught me discipline. I can’t become impatient, greedy and blow it up.

Keeping risk small. Max 1% per trade.
Especially in this kind of market.
More like 0.5%.

Enjoy your labor day tomorrow.
Equities are closed.
 
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Hell yeah. I’ve checked the futures and at my surprise it was going up around the open.

Got some long positions open over this 3 days weekend therefore I ask you guys to be gentle on the short side :p

Thank you for showing up.
Don’t forget to sleep.
Enjoy !

Thanks for the kind words.
 
Sekiyo said:
Got a small 5k account,
Ran it up from 4200 in 2 months
More...

If you can do that growth change every 2 months to your account, relatively consistently, you will be a rich person.
Grow and compound that, relatively consistently, and you will be a rich man.

The problem is there are too many gamblers in this industry, and very, very, very few rare people with a sound, methodological, plan of execution and mind and wisdom and process and approach and understanding. God and the Devil can be in the details.

The Holy Grail is Growth and Consistency and Compounding -- And knowing the Future,
Luck doesn't exist. There's only cause and effect. Narrow-minded men believe in luck.
 
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Your title & content sounds confusing.

Buy high sell higher means
You bought stocks at a rather high price.
Then using the greater fool's theory,
you hope you can sell it at an even higher price.



anyway, besides this thread
Buy High Sell Higher (Equities)

are you going to have another thread

Sell low buy lower (Equities) ?
 
MacBookProHo said:
If you can do that growth change every 2 months to your account, relatively consistently, you will be a rich person.
Grow and compound that, relatively consistently, and you will be a rich man.

The problem is there are too many gamblers in this industry, and very, very, very few rare people with a sound, methodlogical, plan of execution and mind and wisdom.
More...

Sure, everyone would kill for a 10% return per month over eternity.

Even if newbies want to double every month. After they’ve wasted 10 years blowing up chasing unicorns. They would have prefed to settle down for more reasonable returns.

Talking for me here.

You get richer by compounding at 10% annually than blowing up because of over betting on an hazardous, inexistant (?), plan.

My overnight positions
4AA63D53-E092-47EC-90BB-7E073F508FA6.jpeg

i’ll post more later.

My strategy is Momentum based.
Top price gainers over different timeframes,
Price building higher lows, contracting towards previous high.

Buying breakouts, sometimes pullbacks.

I trade on the daily and the 65min.
Lately 65min for shorter move.
Bear market oblige.

In stop we trust.
I use stops only. No take profits.
Based on market structure I move the SL up.
I learn to pyramid on higher lows, new breakout.

My goal is to max out the reward to risk.
Improve the worst the case.

Took more losses than profits.
About 35 / 65 currently.
R:R about 3

But I am up about 20%
And beating the indexes by +15%.

Currently.

Healthcare (Biotech, Pharma) doing best
Trying to favor the industry that work.

Ideally I wouldn’t long when the indexes are reactionary as they are now.

My PnL is still heavily correlated with the indexes.
 
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Sekiyo said:
everyone would kill for a 10% return per month over eternity

You get richer by compounding at 10% annually than blowing up because of over betting on an hazardous, inexistant (?), plan
More...

This is ET...I personally strive to understand to be....elite. One of the bests traders in the world -- And not Settle for, just, S&P annual Average returns. This is just my personal life philosophy and perspectives and direction and goal. I'm sure most of you are much more modest, humble and moderate -- and that's fine, too.

On a side note, 10% is laughable (and failed) for a trader. You're devoting all of this time and energy and life into this activity.....when you could Just buy and hold the S&P to generate those same, average, annual returns.
 
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MacBookProHo said:
This is ET...I personally strive to understand to be....elite. One of the bests traders in the world -- And not Settle for, just, S&P annual Average returns. This is just my personal life philosophy and perspectives and direction and goal. I'm sure most of you are much more modest, humble and moderate -- and that's fine, too.
More...

Sure we all want to be elite !
It’s going to come with practice.
But not everyone can stay long enough.
 
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