Jayron's Stocks Trades 21 July 19

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 (15 to 19 July)

  • Trading opportunities next week (22 to 26 July)

Legend

Entry price (cyan horizontal line)

Entry date (white vertical line)

Stop loss price (red horizontal line)

Take profit price (green horizontal line)


Updates on closed trades last week (15 to 19 July)


Last week, I decided to close all my trades that I have been holding over 5 weeks but had not hit their profit target/stop loss. I realised that holding on to stocks that do not move is not in my favour as I incur opportunity costs. My back tests told me that most of my profitable stocks would have hit my profit target by 5 weeks bars. Therefore, I will be implementing this new profit taking strategy from today onward. This will enable me to secure a fixed trading income every 5 weeks which make me feel happier as well. Time is money, so I am not going to waste time on stocks that do not show performance. Hence you will see plenty of stocks that do not hit 2R this week. Cheers!

Long Stock: GTLS

Signal date: End of 28 June 19

Entry price (cyan line): $74.26

Stop loss (red line): $69.82

Take profit (green line): $83.14

Feedback: Hit Stop Loss at $69.79 (-1.01R)

Long Stock: XEC

Signal date: End of 21 June 19

Entry price (cyan line): $56.35

Stop loss (red line): $53.44

Take profit (green line): $62.17

Feedback: Hit Stop Loss at $53.43 (-1.01R)


2 Stocks hit my stop loss this week. =(

The charts below are stocks that were held for too long and the decision was to exit them with some profits =)

Long Stock: FL

Signal date: End of 7 June 19

Entry price (cyan line): $41.25

Stop loss (red line): $39.05

Take profit (green line): $45.65

Feedback: Time Out at $42.70 (0.65R)

Long Stock: CTSH

Signal date: End of 24 May 19

Entry price (cyan line): $60.86

Stop loss (red line): $56.72

Take profit (green line): $69.14

Feedback: Time Out at $65.79 (1.19R)

Long Stock: MRCY

Signal date: End of 7 June 19

Entry price (cyan line): $67.37

Stop loss (red line): $64.02

Take profit (green line): $74.07

Feedback: Time Out at $72.34 (1.48R)

Short Stock: COTY

Signal date: End of 31 May 19

Entry price (cyan line): $13.08

Stop loss (red line): $14.15

Take profit (green line): $9.62

Feedback: Time Out at $11.21 (1.23R)


Trading opportunities next week (22 to 26 July)

I can't feed you fish, neither can I teach you how to fish. All I can do is to show you where the fishes might be. Any similarity to any trading strategy is purely coincidental.


Stocks to go long: None

Stocks to go short: ASC, SPWR, SRPT

(charts below)


If you wish to see more similar trades done in the past weeks, click here.

To connect with me via Facebook, click here.

May the markets be with you. Thanks for viewing.




Call to Action Gimmick! XD

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