Jayron's Stocks Trades 18 August 19

Updated: Aug 19, 2019

Disclaimer: The charts displayed are meant for educational purpose. None of the content contained here constitutes a recommendation to make any investment. I am not responsible for any loss arising from any investment based on any information contained here. Readers are expected to perform their own due diligence before venturing in any investments.


Two topics are presented in this article.

  • Updates on closed trades last week (12 to 16 Aug)

  • Trading opportunities next week (19 to 23 Aug)

Many stocks gapped down during the week (12 - 16 Aug) due to the temporary yield curve inversion which resulted in me being stopped out in several of my long stock entry I entered on 11 Aug night.


Fortunately, I implemented a preliminary stop out rule that will result in the stock being exited earlier during the stocks' first week in position. This means that the stop loss price for stocks are tighter and closer to the entry point during its first week. After one week in position, the stop loss will be readjusted back to the original swing low (long stocks) and swing high (short stocks) to allow for greater volatility and lower capital at risk for each stock. This has been confirmed through back test over 100+ trades to be able to dramatically reduce my losses on losing stocks while not compromising on being whipsawed. As a generally rule of thumb, this preliminary stop loss is as such:

  • For long stock, after it has been filled and entered into position, in its first week of trading, if price falls below 30% of the length of the previous week bar, it will be stopped out.

  • For short stock, after it has been filled and entered in position, in its first week of trading, if price rises above 70% of the length of previous week bar high for short stocks, it will be stopped out.

Therefore all the 6 long stocks ordered I keyed in on 11 August for the entry week of 12 - 16 August were stop out preliminary but did not lose 6R but lossed only -2.27R instead. All of these stocks go on to hit their full stop loss nearer to the end of the week.


I count this as a blessing as I have trained my mind to be able to accept losses quicker and move on to more profitable trades. On top of that, I don't think any traders around will like to show so many stocks stop outs in one post but me. Kudos myself for that. XD


I will be covering the following two topics:

Updates on closed trades last week (12 to 16 Aug)

Trading opportunities next week (19 to 23 Aug)


Last week trading results (closed from 12 to 16 Aug)


Legend

Entry price (cyan horizontal line)

Entry date (white vertical line)

Stop loss price (red horizontal line)

Take profit price (green horizontal line)

Long Stock: NXST

Signal date: End of 9 Aug 19

Entry price (cyan line): $97.44

Stop loss (red line): $90.86

Preliminary stop loss (for 1st week of entry only): $93.82

Take profit (green line): $110.60

Feedback: Hit preliminary stop loss at $93.82 (-0.44R)

Long Stock: ADSK

Signal date: End of 9 Aug 19

Entry price (cyan line): $150.87

Stop loss (red line): $140.63

Preliminary stop loss (for 1st week of entry only): $145.24

Take profit (green line): $171.35

Feedback: Hit preliminary stop loss at $145.25 (-0.42R)

Long Stock: FBP

Signal date: End of 9 Aug 19

Entry price (cyan line): $9.91

Stop loss (red line): $9.35

Preliminary stop loss (for 1st week of entry only): $9.61

Take profit (green line): $11.03

Feedback: Hit preliminary stop loss at $9.60 (-0.27R)

Long Stock: FLIR

Signal date: End of 9 Aug 19

Entry price (cyan line): $48.44

Stop loss (red line): $45.71

Preliminary stop loss (for 1st week of entry only): $46.94

Take profit (green line): $53.90

Feedback: Hit preliminary stop loss at $46.82 (-0.56R)

Long Stock: GGB

Signal date: End of 9 Aug 19

Entry price (cyan line): $3.35

Stop loss (red line): $3.11

Preliminary stop loss (for 1st week of entry only): $3.22

Take profit (green line): $3.83

Feedback: Hit preliminary stop loss at $3.20 (-0.16R)

Long Stock: PWR

Signal date: End of 9 Aug 19

Entry price (cyan line): $34.36

Stop loss (red line): $32.13

Preliminary stop loss (for 1st week of entry only): $33.14

Take profit (green line): $38.82

Feedback: Hit preliminary stop loss at $33.10 (-0.43R)


This week's trading opportunities identified

(To enter on 19 August 2019)

Stocks to go long: ALTR, GEL, HII, LNTH, LPX, USAC, ENBL

Stocks to go short: CUTR

(Apologies, I was one day late as I was busy with an e commerce course over the weekends, therefore you will see the white vertical line entry line to be at one weekly bar before the current one as the market had already started for the week on Monday 19 Aug)


Legend

Entry price (cyan horizontal line)

Entry date (white vertical line)

Stop loss price (red horizontal line)

Take profit price (green horizontal line)








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