Jayron's Stocks Trades 4 August 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 (29 July to 2 Aug)

  • Trading opportunities next week (5 August to 9 August)

Updates on closed trades last week (29 July to 2 Aug)


Just suffered the worst week in my trading career. 7 existing positions were in the red. 5 of which hit my preliminary stop loss, 1 got stop out and another 1 gap past stop loss. Trading over earnings seasons had proven itself to be truly treacherous. In addition to market uncertainties, there comes the Trump's tariffs. It is a really difficult market to navigate and for my current trading strategy to play out nicely due to the constant whipsaws.


I implemented a new strategy recently to exit early when the stocks' momentum is not in favour of my intended trade direction. Therefore, you will see stocks that are exited pretty early with a loss of less than 1R. Based on my back-tested data, this will help to reduce my losses but still enabling me to ride my winners to my profit target without being whipsawed and stop out.


(1R stands for the % capital loss per trade. Usually it's 1% of your capital. So if you are trading $10,000, 1R = $100)


The worrying problem is in the recent 2 weeks, I am not seeing any trades that are hitting TP. I don't know if it's normal but I am pretty sure I followed my trading setup without any deviation from my pre-determined rules and strategy. I hope it's just the statistics that contributed to this losing streak but this does messes up with my psychology. I think most traders go through such roller coaster emotions once in a while. Nevertheless, I still practice my risk management diligently, and that has been preventing me from hitting any risk of ruins. Statistics, statistics, statistics. I am depending on you.

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: EGBN

Signal date: End of 26 July 19

Entry price (cyan line): $40.72

Stop loss (red line): $38.66

Take profit (green line): $45.98

Feedback: Hit preliminary stop loss at $39.85 (-0.36R)


Long Stock: NFLX

Signal date: End of 26 July 19

Entry price (cyan line): $331.47

Stop loss (red line): $305.80

Take profit (green line): $382.81

Feedback: Hit preliminary stop loss at $316.59 (-0.58R)

Short Stock: SPWR

Signal date: End of 19 July 19

Entry price (cyan line): $11.25

Stop loss (red line): $12.80

Take profit (green line): $7.82

Feedback: Gap past stop loss after earnings report at $14.08 (-1.71R)

Short Stock: DOVA

Signal date: End of 26 July 19

Entry price (cyan line): $15.50

Stop loss (red line): $18.15

Take profit (green line): $10.11

Feedback: Hit preliminary stop loss at $15.90 (-0.15R)

Short Stock: FSM

Signal date: End of 26 July 19

Entry price (cyan line): $3.93

Stop loss (red line): $4.25

Take profit (green line): $2.96

Feedback: Hit preliminary stop loss at $4.05 (-0.30R)

Short Stock: PAAS

Signal date: End of 26 July 19

Entry price (cyan line): $15.81

Stop loss (red line): $16.55

Take profit (green line): $13.31

Feedback: Hit preliminary stop loss at $16.07 (-0.25R)

Short Stock: MX

Signal date: End of 28 June 19

Entry price (cyan line): $10.48

Stop loss (red line): $11.01

Take profit (green line): $9.30

Feedback: Hit preliminary stop loss at $11.05 (-1.01R)


Total damage for the week: -4.37 R (damn xiong)


Trading opportunities next week (5 August to 9 August)


As you can see, I don't win all my trades all the time. Only risk management can ensure that I continue to run this trading business in a sustainable manner. Capitalising on the law of large number to your advantage and risking only 1 to 2% capital per trade. In addition, dissociate your feeling with money by stating R as the unit of loss per trade. 1 R = 1 to 2 % of your capital per trade. Each trade shall be cap to 1R loss unless there is an unfortunate gap up/down in the stocks.

Stocks to go long: None (Yea, something is brewing)

Stocks to go short: THC, FRTA, REKR, VRNS, ESTC, CCRN, TITN


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.




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