Jayron's Stocks Trades 28 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 (22 to 26 July)

  • Trading opportunities next week (29 July to 2 Aug)

Updates on closed trades last week (22 to 26 July)


Stock market always have its way of making people stay humble. Another week of loss. So, I am back to back-testing my strategy and found some ways to improve my odds.


I decided to apply an additional level of trading criteria on a lower time frame (2 Days). This will enable me to reduce the number of trades which in turn provides me with greater holding power with more capital. Moreover, by only focusing on executing quality trade, I am able to track each stock with more care and concern than it deserves.


In the past, I thought that the law of large numbers is the only way I should be executing my trades and let my edge play out with numerous trades. However, I realise that trading do follow the Pareto's principle whereby only 20% of the trades will give 80% of the results. Therefore, instead of treating these 2 ideologies as contradictory, I find that they can actually coexists as long as I find the right balance. Trade less but earn more!


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: MOH

Signal date: End of 28 June 19

Entry price (cyan line): $142.01

Stop loss (red line): $135.75

Take profit (green line): $154.53

Feedback: Hit Stop Loss at $135.11 (-1.11R)

Short Stock: TITN

Signal date: End of 28 June 19

Entry price (cyan line): $19.97

Stop loss (red line): $21.25

Take profit (green line): $17.41

Feedback: Hit Stop Loss at $21.25 (-1.00R)

Short Stock: CRK

Signal date: End of 28 June 19

Entry price (cyan line): $5.94

Stop loss (red line): $6.60

Take profit (green line): $4.62

Feedback: Hit Stop Loss at $6.62 (-1.04R)

I realised this was quite a bad trade as the chart are not distinct. Naughty me.

(I zoomed in alot to get this setup)


As I have plenty of stock charts to show, I will not show 3 other stocks that have timed out. As discussed in my last post, I will start exiting stocks that are more than 5 weeks old to avoid opportunity costs. Time out: GIII (0.3R), PVH (-0.24R), AVDL (0.41R).

Trading opportunities next week (29 July to 2 August)


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.


This week there is plenty of stocks signals. As discussed at the start of this post, you should apply Pareto's principle and choose the best set up in your opinion. I am listing all potential setups but I am not going to enter all of them. Also do take note of the upcoming earnings season where stocks prices will be highly volatile!. Please practice your own due diligence and let's begin!


Stocks to go long: FAST, BMI, CADE, EGBN, NFLX

Stocks to go short: DOVA, FSM, PAAS, BMY

I am generally in favour of EGBN, NFLX, FSM, PAAS but I will list all 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.


Legend

Entry price (cyan horizontal line)

Entry date (white vertical line)

Stop loss price (red horizontal line)

Take profit price (green horizontal line)









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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