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Category Archives: Trade Planning
I wanna trade the futures
I have been studying the E-mini S&P 500 and have dipped my toes a couple of times to test the waters. Trading this contracts is very different because of their leverage. I still have to get used to the precission one must have with entries because a one point move carries a $50 jump in my account. And 1 point is merely a ~0.1% move of the market. I realized that to be successful I needed to trade only at key price levels. And to know those key prices I needed to do my homework ahead of the market Continue reading
Posted in Trade Entries, Trade Planning
Tagged journaling, Trade Entries, Trade Planning
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July performance analysis
Interesting month July. There were lots of really good setups that work great, but also many of them failed. And with failed moves come fast moves. I got stopped out of a lot of trades when breakouts failed. But I also was able to capture some great moves. Like IDT, ENTR and PWER. Positions were smaller than usual because I wasn’t sure if the market was going to move higher. I began to look at the S&P 500 E-mini futures for some clues and found that the 60 min chart with the 60 MA provided some insight for market direction. Continue reading
May performance review
Boy, May was a very though month. It was a good time to short if you had the stomach for wide stops. I traded very little in May which is an improvement over previous months. Continue reading
A good trade
I spent some time analyzing a trade that was stopped out last week for ticker ACF. I had been stalking $ACF after it showed up in TheKirkReport’s awesome Stock Screen Machine and set up an alert to let me know … Continue reading
Posted in Trade Analysis, Trade Entries, Trade Planning
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Fear and Euphoria
Don’t let panic or euphoria dictate how you trade. What seems to be working well this earning season is to find companies that consistently beat expectations and that have pulled back for no good reason. I am going to look for trades that offer good R/R entries on companies with solid fundamentals. Continue reading
Risk Management Pt 5
In previous posts I talked about position sizes and Reward / Risk ratios as important aspects of any Risk Management methodology for traders. Today I am going to share with you how I use these concepts in my trading with a specific example. Continue reading
Posted in Risk Management, Trade Entries, Trade Planning, Uncategorized
Tagged Risk Management, stock market, stocks, Trade Entries, Trade Planning
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Risk Management Pt 4
Managing risk in trading is all about keeping losses small and your winners big. In the previous post I talked about how to calculate Reward : Risk in a trade and that the aim is to only enter trades that offer at least 3:1. In other words aiming for gains that are at least three times the losses. I (in the first post) also talked about parameters to choose your position sizes according to skill level (proven edge), trading capital and type of account. Next is to determine the number of shares for a new position. Continue reading
Posted in General Info, Risk Management, Trade Entries, Trade Planning, Uncategorized
Tagged Risk Management, stock market, Trade Analysis, trading
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Failed Shorts
Last week I run a scan for stocks over $5, trading at least 500k shares per day on average and that were trading below their 20, 50 and 200 DMAs. I was looking for short setups as the market was in a down trend. I also run a similar scan looking for stocks trading above the 20, 50 and 200 DMAs for potential long trades. Continue reading
Posted in General Info, Trade Analysis, Trade Entries, Trade Planning
Tagged journaling, market, stock, trading
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Performance Analysis
At the end of every month I take a look at my journal entries and analyse my trading performance. This month my performance was poor. The main reason was that I failed to sell short. I noted in my journal both last week and the week before that selling short was clearly the trade but failed to do so. Continue reading
Posted in General Info, Trade Analysis, Trade Entries, Trade Planning, What to Write in a Journal
Tagged journaling, stocks, Trade Analysis, trading, trading journal
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Moving Averages, Crossing and Other Observations.
Many stocks I monitor that had been trading above their 20 and 50 DMAs are now trading below these averages. Also, I am seeing these two averages cross on some charts. Since the price actions is below these averages, the odds that they will serve as resistance is high in my opinion. Continue reading
Posted in General Info, Trade Entries, Trade Planning
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