Friday, September 16, 2022

Daily Evaluation 9/16/2022

Not considering P and L I'm going to say my worst trade was buying FREY late. It looks like I ended up buying it after a big run at HOD. My best trades were two overbought shorts on AMRS again and IRNT. IRNT was the biggest money maker on the day. I had IRNT as a focus stock and managed to catch it climbing on my watchlist to get a short in. I'm not seeing any standout really bad trades put on. I didn't do any overtrading either. I held to my stop losses and managed risk very well. All losses were small. Only downfall of the day was not keeping breakdown trades on long enough with ACCO KC. I ended up putting some breakdown trades on late in the afternoon expecting more lows on SPY IWM. I actually had a feeling there was going to be a late afternoon rally as it was a range-bound day on IWM SPY and it was such a big gap down. I came out ahead on my SPY IWM trades. They have been surprsingly easy to trade with just trend lines and basic support resistance. I need to keep drawing up lines on charts because I'm getting great signals.

I'm really happy with my AMRS IRNT shorts. I feel the most confident right now shorting setups like this intraday. I liked having size on IRNT because I could scale out all the way down. I added some on the position too when it was going as expected.

Thursday, September 15, 2022

Watches for 9/16/2022

IRNT is still short bias. Management canceled the conference call, refused to provide earnings guidance and the CEO quit all just now.

Some Short bias

XLE NERV MPLN STAR WISH NAIL JWN EXPR

Some long bias

PXMD FREY JWEL JDST

Daily Trading Evaluation 9/15/2022

If somebody told me they shorted AMRS today close to 4.80 I probably wouldn't believe them if I didn't know them. I got a short on at 4.77 today. It wasn't my only entry though. I shorted another tranche at 4.73, 4.20 and 4.18. The last two were my second trade on it.My exits were 4.65, 4.51 4.48, 4.43 on the first wave down. My expectation was I was likely just shorting a bull flag so I covered quickly expecting to have to get out of the way of the next up move. I am happy with my scaling out. I wasn't happy about not going with more size on the initial short near hod (high of day). I have been needing to go with more size on these hod shorts with good entry. I know my max risk I can go but either because I'm in a hurry or just want to watch risk I haven't gone as big as possible. It's a good thing I am nailing these setups though 3 or 4 days in a row now though either on SHOP or IWM. I just happened to have AMRS on my watchlist because it flagged the other day around low 3.00s. My bias flip was great. That's one thing I have improved on a lot. My risk management and overtrading is better but still needs attention.

Tradersync is showing my worst loss trades were X and TERN. X was more of a daily chart setup I forced in anticipation. TERN was a failed supernova second day. The supernovas are more difficult than they were 10 years ago or so. RDBX REV APRN NERV(the current one) don't really go into a smooth backside or top out fast. It used to be most daily supernovas looked lke this AMRS chart exactly. Which is why it went away. It was so easy in some ways.

Selectivity was better today. Trade management was good. Overtrading was better. Hard stops were better but could be better. Risk management could have been better on X and TERN. TERN was more of a failed setup though. I traded it well it just didn't play out. I made other trades in other tickers but I just want to deeply review my best and worst today and have my improvement plan ongoing. I should continue to short hod either on stocks or indices if the market provides. Continue to trust intution and experience.

Monday, September 23, 2019

Day Trading Watchlist Gold Stock for Monday September 23 2019

Day trading alert on AKG a gold miner if it hits 1.03 area or green on the day. Great long triangular flag. This is one of the best looking charts I have seen in awhile. They are bordering on profitability too. Gold is acting well overnight to boot.

Thursday, September 12, 2019

Trading Setups for Thursday

As I posted on Twitter I'm bullish on the Nasdaq index and ETF QQQ especially with Apple AAPL breaking out of a bullish ascending triangle pattern. QQQ being above the trading range it has been in is bullish on a breakout. Futures are up so it looks like off to the races.

Tuesday, September 10, 2019

Day Trading Alerts Watchlist For Tuesday 10th 2019

Here are my day trading watchlist alerts. These are long biased and signals if the price goes green on the day(positive).

  NTEC TXMD FCEL NTEC needs to hold $1.00 a share first.

These are momentum plays. Follow me on Twitter

Wednesday, February 7, 2018

2018 VIX Crash

I've been saying on Twitter this looks like a spike top. We need to get a retest or something close to the highs to avoid a spike top. I have been hoping for a correction for months as the ramp up was getting overdone. Things need to consolidate from time to time. It's healthy. I think we flag hete. I think we go back to crash mode tomorrow or over the next few days. Hedge with whatever you can if you hold long positions. This is sort of the type of bear flag I expect for those of you who are new to chart patterns.

Wednesday, October 18, 2017

Bull Market Updates

I want to start a stock alerts service mostly for short-term and swing trades but also long-term picks. I just need help with the website payment function. I've seen others use strictly Paypal and I suppose that's fine but I'd prefer to accept credit cards too. I've been doing a lot of trading. I closed out almost all of my hedges. I still have a tiny bit of DXD but it's just about 1% or so of my total portfolio. I have a position in TLT as a position and a hedge. It's the only true hedge this day in age. In the 2008 crash the only asset class that was positive was US Treasuries. Nope, gold and silver were not hedges. It actually is possible and I see it in the charts that as the market continues to run TLT will run too. I'm in the market keeps going camp. What we are seeing right now is a lot of fund manager window dressing moving a lot of these stocks higher. I'm going to keep riding it.

One of my picks I posted on here SGH did well. It's been running strong. I've been doing a lot of buy and hold because it works in this market. Here are my current positions in order from largest position size to smallest. PFN FSEAX TLT CGW BOTZ (BOTZ god I love this ETF for the longterm) GV NGE VNM INTC DXD SUNW PETS PLNT PLUG (Did you know AMZN is a major stakeholder?) and lastly TAN. A lot of these I recently locked in profits so I significantly decreased my position. PLNT I sold a ton at $26 or $27. PETS I got lucky and sold almost all of it for a 80% gain or so before the little scandal.

Friday, August 11, 2017

Follow My Twitter and Update

Hey folks. I'm very active on Twitter. If you want to catch most of my alerts follow me here on my Twitter page. I've been short the Dow Jones index from near this top for a couple days and just closed out my TVIX trade for a nice gain. Planet Fitness PLNT crushed the top and bottom line the other day in their earnings report. We hit an all-time high of $25 a share. I continue to hold as I have for years now. I bought the IPO in 2015 and have written a lot about it on StockPursuit.com. Tech stocks have some top formations going. AMZN is pretty scary and NVDA looks topped out to. This doesn't seem to be a top in the market yet but it well could be, atleast short-term. I'm hedged some with DXD. I am looking for an inverted yield curve as a recession, market top signal.

Sunday, July 2, 2017

GSB SGH Tech

For position trades for a long time frame I like these two tech companies. One is a recent IPO SGH. They are a large tech company in Brasil. Good fundamentals and cheap growth. Something not easy to find in tech. GSB is a much smaller company. Their market cap is around 100 mil. The have a trailing PE multiple of 27. That might seem high but earnings are expected to grow 25% to .29 per share giving it a forward PE of around 18 at current prices. That is definitely growth at a reasonable price. My favorite thing about GSB is that they pay a dividend. The current yield is 1%. The chart is a bullish five year breakout.

Monday, June 12, 2017

Top Watches DRNG

Hey folks! I'd like to show you this stock I've been watching DRNG. This is one of the more predictable patterns lately. Think ECGR that I alerted on Twitter. DRNG may continue running more days, the play is to wait for the 40% or so drop and buy the bottom bounce. I'm going to continue watching this one closely. Follow my Twitter for frequent updates.

Friday, May 5, 2017

Nailed ZG!!

You've got to follow my Twitter account. I just alerted ZG and SINO yesterday. Today Zillow ZG the housing website is up over 10% and hitting fresh 52 week highs!