Jayron's Stocks Trades 29 September 19

Updated: Dec 29, 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 (23 to 27 Sep)

  • Trading opportunities next week (30 to 4 Oct)

Last week trading results (closed from 23 to 27 Sep)


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: CCOI

Signal date: End of 20 Sep 19

Entry price (cyan line): $56.35

Stop loss (red line): $53.23

Preliminary Stop Loss: $54.64

Take profit (green line): $62.59

Feedback: Long entry at $56.28 and hit preliminary stop loss at $54.58 (-0.55R)

This week's trading opportunities identified

(To enter on 30 September 2019)


Hi all, from the month of October 2019 onwards, I will be tightening my stop loss to 38.2% Fib level of the last weekly bar. I back tested this with my 157 trades done in the last 5 months and found that tightening my stop loss would not only increase my win rate but also allows me to TP or hit SL faster without affecting my risk reward ratio of 1:2+. Due to the tightening of stop loss, I will also have to reduce my capital risk per trade by half due to the larger capital required per trade but I will be taking more trades that I otherwise not have in the past. I am leaning towards the law of large numbers for profitable trading. Let's try this for the next 100 trades to capture the statistics! woo!

Stocks to go long: None

Stocks to go short: AVDL, KOD, UCTT

Interactive Brokers (IB) says there AVDL short stocks may not be available due to lack of stock lenders, therefore it may not fill on IB.



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

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