Wednesday, September 28, 2016

Weekly Trade Ideas

Update to Account

Current Stocks Targeting: Enter and Stop
  1. ENDP 22.71 enter - Stop 19.70  -buy 125 shares - Update
  2. GPRO 17.42 enter - Stop 13.85 - buy 115 shares
  3. AXP 66.72 enter - stop Low of the week
Current Holds
  1. SRCL: Bought 62 shares @ 80.91 - Stop 76.70 
  2. JD: Bought 184 shares @ 27.10 - stop 25.49 
Results
  1.  
This is not a recommendation to buy or sell. Follow and learn at your own risk. These are ideas I use for my own personal account and are Swing Trading ideas for the week. Every Sunday I post stocks I am targeting for the week with a $25,500 starting sample account - will not use margin. Trades based off weekly and daily charts.
Rules: Maximum stop loss per any trade 1.5% of account - Maximum risk per trade 20% of account



* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money.  Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE