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Ray

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Posts posted by Ray

  4. Posted

    I traded $TSLA for the $1K breakout. I haven't traded it since the b/o phase.

    Thank you for following my journal. 

    Here are my current open Swing positions: 

    1. $GDXJ
    2. $GDX 
    3. $SLV
    4. $SRNE (5% trailing stop loss - in place)
    5. $SQ
    6. $GRWG
    7. $FSLY
    8. $SBUX
    9. $WDAY - (up 25% - will be trimming today)
    10. $ALK 

    Closed positions: 

    1. $WORK (entered below $29 - sold above $32)
    2. $WGO

    Looking to start swing positions in the following: 

    1. $WKHS
    2. $APPS
    3. $YETI

     

     

     

     

     

     

     

     

    • Like 1

  6. Posted

    8/12

    Yesterday, got stopped out and stop profits in positions. 

    Mostly in cash and looking for re-entry. Looking at financials and industrial for re-entry. 

    $SLV - over traded and gave back some of the profits. 

    Things I did poorly and things to consider for this week: 

    • Over trading - need to wait for the right setup 
    • Boring is good; i need to wait for the right setup
    • Entering trades without a strategy will need to losses. It may work sometimes but long term it will be a losing strategy.

  9. Posted

    $SLV - Seems like $25 is an interesting whole number to take profits. Many traders booking short term profits at this level. $SLV struggled to remain above $25. I have been trading around my position and have formulated this strategy. I used a similar strategy when $IWM was in the $140s. 

     

    Strategy 1.PNG

  10. Posted

    Hi OTC, 

    I'm glad you liked my summary. I picked up "what I did poorly" from your journal entry 😀. Thanks for sharing with all of us!

    I follow these steps from my charts: 

    1. Screen grab chart from DAS Pro Trader 
    2. Paste into power point 
    3. Utilize drawing tools 'shapes' in power point to create my swing trading patterns, i.e., H/S, Wedge break out 
    4. Snag the chart from power point --> save as PNG
    5. Upload to BBT forums

    I've tried many techniques and this was the simplest way to create my chart patterns in a consistent manner. 

  11. Posted

    8/4 - Swing Trade - Journal Entry 

    Earnings Review: 

    • Exited swing trades before earnings (following my rule of not holding a position through earnings); $INTC, $KHC, $DIS, $AMD, $SPCE. 
      • $INTC and $SPCE gapped down after earnings 
      • $DIS and $AMD continue to march higher after reporting 
      • $KHC trying to decide when it will start marching higher to close the gap above in $40's 
      • Holding positions through earnings is gambling, i.e, 2 stocks up and 2 stock down. Easily all 4 could have been down and vice versa. I'm glad that I have learnt through my prior mistakes plus BBT education has really helped. 
    • Looking for swing trades and setups after earnings in the following: 
      • $SPCE
      • $KHC (it came back and retested the H/S neckline it broke from)
      • $CGC
      • $MSFT
      • $WORK:
        • Need to work on a updated chart for $WORK
        • looks like it has found a bottom around $29 - $30 range 

    Things I did poorly: 

    • Overly focused on day trading $SLV; missed a good setup in $MSFT today and last week
    • Forcing day trades in $SLV without a strategy, i.e., setups that are not part of my playbook. I still managed to get 1R : 1R because of the current bull market in $SLV. Need to be patient and take trades only with my playbook strategies. 
    • $BA: 
      • Entry: Low $160's - entered the trade according to my plan
      • Volume in the $150 - one thing I didn't play close attention to is the volume gap below in $160's ; once $BA broke $160's it traded all the way into lower $150's due to the volume gap. I should have set my entry in the $150's by paying close attention to volume and levels. 

    Current positions: 

    • Index: 
    • $SPY (trading around my position) 
    • $IWM (no positions over night - looking to add tomorrow below VWAP plus setup from the playbook, i.e., double bottom, doji candle reversal)
    • $EEM
    • $GLD - don't have to worry about earnings report with Gold and Silver. Fed printing will not stop and the dollar continues to move down which will continue the bull market. 
    • $SLV 
    • Equities: 
      • $BA (not happy about my entry)
      • $MS - Morgan Stanley 
    • Cannabis play: 
      • $ACB - reports 9/9
      • $GRWG - reports 8/10
      • $CRON - reports 8/6

    Exited positions: 

    • Gold, silver and copper miners. They've had a good run; decided to book profits and take positions off for now. 

  12. Posted

    7/29 Update

    $SLV and $GLD - Both are respecting VWAP - trading around my swing position. Add below VWAP if a setup presents and sell above VWAP. 

    $SLV - 4 M shares at 3:02pm [Big red candle]. Price typically turns up after a big volume flush. Learnt it from Thor to watch for volume and change in price direction. I didn't take a day trading position because there was no setup. 

    Also trading around $SPCE position. Sell the news event since yesterday. 

  13. Posted

    Day in review: 

    Things I did well: Focus early morning 4 AM; good sense of Silver - Commodities direction for the day

    Things I did poorly:  Over confidence; jumped into trades without proper setup. Still green for the day; however the day could easily been RED. 

    SLV.PNG

    SPCE.PNG

  14. Posted

    7/28 

    I work up early to observe pre-market. I was mostly interested in $SLV move. Last night Silver moved up +/-5% after market on very slow volume. This morning (4AM EST) $SLV opened down %5 again on very low volume. +/-10% move in a few hours. Interesting. 

    This week updates -

    Added // Hold: 

    1. SPCE (target $30+) - added yesterday. Cabin revel today 10AM PDT
    2. GRWG - [added]
    3. CRON – Cronos [added]
    4. CGC – Canopy Growth Corp  [added]
    5. FCX – Freeport – Mcmoran
    6. MS – Morgan Stanley (added to my position when it dropped closer to ~$50)

    Index - Added // Hold:

    1. GLD – Gold index
    2. GDX – Gold miners index
    3. SLV: [Added to my position] Exit 1 - $25 Exit 2 - $30+
    4. XHB – Home builders index
    5. XLB – materials index [as the price moves up I continue to move up my SL]

    Closed in Green: 

    1. KHC (target $40+) – Kraft Heniz - Closed before target met because earnings are coming up this week [7/31]
    2. IBB – Stopped out when the index touched the 50 MA 
    3. IWM – (target $150+) - trimmed my holding as the index marched closed to $150 before the sharp sell out on Thursday 7/23
    4. MAR (target $100) - closed before target met. Charts look good for MAR. Trying to focus my swing trading on a few ideas. 

    Watchlist: 

    1. MAXR (Aerospace / Defense) – Entry ~$16, Stop $14.5, Exit: $19+
    2. IWM - will be rebuilding position as I sold into strength mid last week 

  15. Posted

    Mid week summary [w/o 7/20] - objective for this week: Remain focused on MAIN ideas best R <> R. Goal: Focus on not more than 10 ideas, e.g., 5 stocks and/or 5 index.

    Added // Hold: 

    1. KHC (target $40+) – Kraft Heniz 
    2. SPCE (target $30+)
    3. MAR (target $100)
    4. CRON – Cronos [Replace with GRWG]
    5. CGC – Canopy Growth Corp  [Replace with GRWG]
    6. FCX – Freeport – Mcmoran
    7. MAXR (Aerospace / Defense) – Entry ~$16, Stop $14.5, Exit: $19+
    8. MS – Morgan Stanley (started position ~$51)

    Index - Added // Hold // Closed:

    1. IBB – Nasdaq Biotech index; probability of trend to continue higher – 2 main reasons:
    2. IWM – (target $150+)
    3. XLB – materials index [moved up my stop]
    4. GLD – Gold index
    5. GDX – Gold miners index
    6. SLV: [Added to my position] Exit 1 - $25 Exit 2 - $30+
    7. XHB – Home builders index

    Closed in Green: 

    1. PEP – Pepsi  - currently range bound
    2. WORK - [stopped above B/E] - currently range bound
    3. NDAQ - target met - exited position

    Closed in Red: None so far but still have 2 more days to go!

    No longer candidates // not actively watching them: 

    1. H: Hyatt Hotels – Entry $50(below), Stop $45, Exit: $60+
    2. BA – Boeing - Entry $160’s (looking to enter in the low $160’s)

  19. Posted

    Awesome resource! Thank you!! On my charts I see $QQQ levitating above 9MA on the weekly. Weekly candles like to hug 9MA and move with it. I didn't start a long position in $QQQ because of that reason. It's amazing how my analysis, your analysis and etf funds flow all come together - even tough we are looking at different stats. 

  22. Posted

    Excellent analysis OTC! I really like your Psychology section I will add it to my chronicles. Your entry & exit on IBM was stellar. Typically I don't trade stocks into earnings, however, I may have taken this trade if I was watching IBM. 

    In the Goal of the day above - what do you mean by? "3SYO"

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