I have been away from ET for some months now because I got sick of all the negativity and bashing of TA in particular from people looking to sell a useless book related to Surf. I think the anger I felt from these idiots was entering into my decisions in trading so I left. I dont know how long Ill be back but decided that this time I might start a small Journal. This will NOT be an all encompassing Journal of all my trades. Just some that I think could spark some interesting and hopefully productive discussion and in particular may show how TA can be used to see when certain sectors and stocks are heating up over others.
My methods are based off of weekly, daily, and hourly charts. I swing trade based off of 100% TA. I will post stock trades periodically with exact entries, and stops and I will post charts as well. These will NOT be all of my trades in my accounts....just a few I think are interesting and promising. You can assume I am trading a $100K account just for simplicity sake and you can assume that all my trades will determine number of shares based on 0.75% RISK of my account ($750) in this case. So if I am risking $750 I will take 750 / (Entry price - Stop Loss price) = # Shares Traded. So if entry is $100 and stop loss is $99 that would be a $1/share loss and I will buy $750/1 = 750 shares. If stop were $98 then 375 shares traded,.....etc. I will NOT vary from this unless I designate otherwise. I have a full time career and do NOT trade for a living. You can view that as a positive or a negative I really do not care. I trade mostly off of EOD charts with entries focused on hourly charts. I will sometimes post stocks shortly after I have made a trade and sometimes before depending on how time allows at my job. If you choose to believe I made the trade or not when I post after the fact I really do not care either but this will NOT be a paper trading journal. You have my word that these are real trades I enter into whether you believe it or not is up to you.
I am selling NOTHING. I want and expect NOTHING. A LARGE part of the reason for this Journal is simply to keep me always looking for stocks and sectors that look interesting. Part is to spark productive discussion and part is to prove that TA has a place in trading and can often times signal BIG moves in stocks before others see them. I have been consistently beating the market with my methods but again I am not here to prove account balance or anything of the sort. I will not resort to childish games. I encourage people to disagree with me but if I feel posts are becoming personal and attacking just to be negative I will not respond. I think trading like most things in life does best when we are surrounded by positive people and constructive thoughts although they do not always have to agree with mine.
Thanks for understanding,
Eganon
My methods are based off of weekly, daily, and hourly charts. I swing trade based off of 100% TA. I will post stock trades periodically with exact entries, and stops and I will post charts as well. These will NOT be all of my trades in my accounts....just a few I think are interesting and promising. You can assume I am trading a $100K account just for simplicity sake and you can assume that all my trades will determine number of shares based on 0.75% RISK of my account ($750) in this case. So if I am risking $750 I will take 750 / (Entry price - Stop Loss price) = # Shares Traded. So if entry is $100 and stop loss is $99 that would be a $1/share loss and I will buy $750/1 = 750 shares. If stop were $98 then 375 shares traded,.....etc. I will NOT vary from this unless I designate otherwise. I have a full time career and do NOT trade for a living. You can view that as a positive or a negative I really do not care. I trade mostly off of EOD charts with entries focused on hourly charts. I will sometimes post stocks shortly after I have made a trade and sometimes before depending on how time allows at my job. If you choose to believe I made the trade or not when I post after the fact I really do not care either but this will NOT be a paper trading journal. You have my word that these are real trades I enter into whether you believe it or not is up to you.
I am selling NOTHING. I want and expect NOTHING. A LARGE part of the reason for this Journal is simply to keep me always looking for stocks and sectors that look interesting. Part is to spark productive discussion and part is to prove that TA has a place in trading and can often times signal BIG moves in stocks before others see them. I have been consistently beating the market with my methods but again I am not here to prove account balance or anything of the sort. I will not resort to childish games. I encourage people to disagree with me but if I feel posts are becoming personal and attacking just to be negative I will not respond. I think trading like most things in life does best when we are surrounded by positive people and constructive thoughts although they do not always have to agree with mine.
Thanks for understanding,
Eganon
