January 6 bought these stocks:
CHKP at 113.24, stop loss - 109.69
WDAY at 170.43, stop loss - 160.06
NVAX at 4.72, stop loss - 4.10
CHKP at 113.24, stop loss - 109.69
WDAY at 170.43, stop loss - 160.06
NVAX at 4.72, stop loss - 4.10
Swing trading stocks
- Thread starter goldenswan
- Start date
Santa Claus rally never ends despite WW3 fears at the same time
January 8 bought these stocks:
MITK at 7.97, stop loss - 7.32
TRIP at 30.47, stop loss - 28.10
MSI at 165.73, , stop loss - 154.52
These three are breaking out of tight ranges
TEAM at 131.11, stop loss - 120,54
TEAM started month on very strong volume
January 8 bought these stocks:
MITK at 7.97, stop loss - 7.32
TRIP at 30.47, stop loss - 28.10
MSI at 165.73, , stop loss - 154.52
These three are breaking out of tight ranges
TEAM at 131.11, stop loss - 120,54
TEAM started month on very strong volume
The teaching I received (on an actual classroom course!) in stock trading was to maintain 5 open positions, each comprising 20% of your capital, each having a stop of -10% of the entry price. This means that even if fully committed, your account capital is damaged only by 2% if one of your stocks hits its stop-loss. The stop is trailed at -10%.
Bitter experience however has taught me that stocks tend to move together when a market correction event occurs, and this will probably hit more than one stop simultaneously. Plan for if it hits all of them.
Therefore, I would trickle money in at first and ride a winner until it shows a trailing stop which is now break-even and so cannot damage your account capital, then add the second stock. And so on until its possible to add a third.
A feature with this approach is that it can take a long time until you are fully invested. That can be ether good or bad of course. Secondly, if you only ever exit a winner when a trailed stop is hit, you must always be handing back a large chunk of unrealised gains.
Bitter experience however has taught me that stocks tend to move together when a market correction event occurs, and this will probably hit more than one stop simultaneously. Plan for if it hits all of them.
Therefore, I would trickle money in at first and ride a winner until it shows a trailing stop which is now break-even and so cannot damage your account capital, then add the second stock. And so on until its possible to add a third.
A feature with this approach is that it can take a long time until you are fully invested. That can be ether good or bad of course. Secondly, if you only ever exit a winner when a trailed stop is hit, you must always be handing back a large chunk of unrealised gains.
Thank you, tomorton! Very good advice
January 17:
ALLO - entry and exit at stop loss on the same day - entry at 27.43, exit - 25.33
Also bought:
VEEV @ 147.95
ALRM @ 46.06
TRHC @ 51.91
AAL@ 28.52
CTSH @ 62.86
ALLO - entry and exit at stop loss on the same day - entry at 27.43, exit - 25.33
Also bought:
VEEV @ 147.95
ALRM @ 46.06
TRHC @ 51.91
AAL@ 28.52
CTSH @ 62.86
January 23:
AAL stopped out at 26.51
Bought QLYS at 87.10
AAL stopped out at 26.51
Bought QLYS at 87.10
It seems that the market does not care any more about the virus
January 28:
Bought VCRA at 22.22
Bought GILD at 64.58
January 28:
Bought VCRA at 22.22
Bought GILD at 64.58
Markets continue to go up no matter what including the Chinese stocks.
On February 4 bought:
WYNN at 131.48
SBUX at 87.34
TXN at 125.59
On February 5 bought:
EBAY at 36.64
CSCO at 48.33
LBTYK at 20. 17
WBA at 52.89
NTAP at 57.15
CMCSA at 44.83
FCX at 12.43
SBUX at 87.34
On February 4 bought:
WYNN at 131.48
SBUX at 87.34
TXN at 125.59
On February 5 bought:
EBAY at 36.64
CSCO at 48.33
LBTYK at 20. 17
WBA at 52.89
NTAP at 57.15
CMCSA at 44.83
FCX at 12.43
SBUX at 87.34
I can have up to 50 positions open at the same time. Maximum risk (defined by stop loss order) is 0.1% of capital. Stop loss is 6-8% from entry depending on stock's volatility. So it means that 1.2-1.5% of capital are allocated to one stock position