Jayron's Stocks Trades 3 Nov 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 post.

  • Updates on closed trades last week (28 Oct to 1 Nov) : I will present my information simply using "Before" and "After" stock charts.

  • Trading opportunities next week (4 to 8 Nov). I will indicate which stocks to go long and short. The entry/stop loss/take profit prices are coloured as per stated in the legend.

Updates on closed trades last week (28 to 1 Nov)


Legend

Entry price (cyan horizontal line)

Entry date (white vertical line)

Stop loss price (red horizontal line)

Take profit price (green horizontal line)


IRDM (Long) Before

IRDM (Long) After

IRDM exited before earnings report date.


EIGI (Long) Before


EIGI (Long) After

EIGI was supposed to be exited before 31 Oct which is the earnings date. However due to greed and laziness, I chose to hold and suffered a gap down. Zzzz. I don't hate myself for losing, but hate my weak discipline for this trade.


MRO (Long) Before

MRO (Long) After

An unfortunate stop out in the first week of the trade due to high volatility. Some people would say why don't you put the stop loss 1 ATR below the previous swing low to avoid being stop out. The mental model is the market maker should have traded aggressively in my directions after the prior bear trap. If there is any chance that stock prices are being pulled down, it tells me that the market maker is not present and thus my trade strategy is invalid. In addition, by assigning such a large stop loss, my profit target will be much further away to maintain the risk to reward ratio of 1:2. Given the volatility of the market and me trading the weekly charts, it just wouldn't make sense to hang on to a trade for a longer period than required.

Trading opportunities next week (4 to 8 Nov)


Stocks to go long: AIN, DZSI, MXL

Stocks to go short: HMHC, LYG, TSLA

Legend

Entry price (cyan horizontal line)

Entry date (white vertical line)

Stop loss price (red horizontal line)

Take profit price (green horizontal line)

AIN (Long)

DZSI (Long)

MXL (Long)

HMHC (Short)

TSLA (Short)

Feel free to PM me in Facebook if you have any questions.

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

Thanks for viewing!

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