Yes the "zigzag" is the first part of the buy setup, but as I mentioned before, it is the least important part. There are no Elliot Wave or Jack Hershey practitioners on the Forbes 500 list.
Catching Trends
- Thread starter Wide Tailz
- Start date
2020 Q1 finished and barely beating the market (a common theme in this account). I'm sure if I really knew what I was doing there would be an obvious "trend" to the upside but for now it's a convincing correlation to the SPY.
Highlights from this quarter:
New method is excellent, really stunning with a win rate in the 80% range and an R multiple about 3 over a dozen swing trades.
Old penny stock positions have been cleaned out at great expense, since the spread on these approaches 30% when you need to puke them out (which I did as the general indices began to break their trends).
Waiting for "the pattern" in TSLA since everyone at the office is following it, and I am going to prove to them that i'm a Guru by calling the bottom of the dip......
Highlights from this quarter:
New method is excellent, really stunning with a win rate in the 80% range and an R multiple about 3 over a dozen swing trades.
Old penny stock positions have been cleaned out at great expense, since the spread on these approaches 30% when you need to puke them out (which I did as the general indices began to break their trends).
Waiting for "the pattern" in TSLA since everyone at the office is following it, and I am going to prove to them that i'm a Guru by calling the bottom of the dip......
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2020 Q2 done, and I sat most of it out while waiting to see which stocks kept their trends intact during the big lockdown puke. Signals are working very well (think I finally found The Grail) and biggest problem is not holding winners. It's an old habit from years of averaging down ranging stocks and selling the spike (assuming it ever came).
Getting ready to build a house so will probably transition more toward position / swing trading, which will hopefully take my eye off the open profits long enough to let them run. Wise quote from many traders: "Don't look at the money"
Getting ready to build a house so will probably transition more toward position / swing trading, which will hopefully take my eye off the open profits long enough to let them run. Wise quote from many traders: "Don't look at the money"
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Mini update: gold stocks and many others are exploding lately. In the midst of the coronavirus panic they printed somewhere between 3-5 trillion dollarz and then started the riots to distract us. Who knows where that money went but many tech, medical, and commodity producing stocks are on a tear. It's obvious Trump is getting another 4 years and The Market is in warp drive. +41% so far this year. Got an office mate who is up almost 70% on tech stocks alone. Crazy times!
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Resurrecting this journal to continue posting live trades (not just quarterly summaries). Same strategy, same execution except I am trying to follow the trend a little further.
Also the main index will be tracked with much more scrutiny since it influences individual stocks in a major way.
Entry is a five three in anticipation of the breakout of the first flag after the reversal.
Current open positions are CMI, CTVA, WHD, UAN & UCO. Continuing where I started in the thread "I keep cutting my winners".
Current closed profit continued from the other thread: 590.27, starting from a few weeks ago.
*disclaimer* I am not a registered investment advisor
Also the main index will be tracked with much more scrutiny since it influences individual stocks in a major way.
Entry is a five three in anticipation of the breakout of the first flag after the reversal.
Current open positions are CMI, CTVA, WHD, UAN & UCO. Continuing where I started in the thread "I keep cutting my winners".
Current closed profit continued from the other thread: 590.27, starting from a few weeks ago.
*disclaimer* I am not a registered investment advisor
Thanks for resurrecting your journal.
P.S. You do not need to note that you are not a registered investment adviser, whatever the hell that definition is. The hell you afraid of? FINRA is going to raid your house and seize all your computers? You are NOT THAT IMPORTANT!
People need to stop with the disclaimer shit. It is so sad.
Corny joke, my bad.
Nice little blip this morning, third wave in the index getting ripe. All positions except UAN moving correctly.
*edit- sold UAN for 49.63 loss. Total closed profit since Oct. 1: 540.64
+40 UCO & 10 RCMT after the liftoff from the base
Nice little blip this morning, third wave in the index getting ripe. All positions except UAN moving correctly.
*edit- sold UAN for 49.63 loss. Total closed profit since Oct. 1: 540.64
+40 UCO & 10 RCMT after the liftoff from the base
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Maybe it's for the average Joe to be more careful in his choices of investment advice to follow.
Market looking ripe for a slight pullback, sold CMI, CTVA & WHD for 66.03 profit. Total profit this month 606.67.
Still holding RCMT & UCO which are much earlier in the launch phase.
This is my weakness - slapping singles instead of swinging for the fences. I also have a problem with losing my edge after a few months of consistent gains. Something changes in my mind and I get careless.
Still holding RCMT & UCO which are much earlier in the launch phase.
This is my weakness - slapping singles instead of swinging for the fences. I also have a problem with losing my edge after a few months of consistent gains. Something changes in my mind and I get careless.