Sunday, January 28, 2018

Weekly Swing Trade Ideas -weekly charts





SWING TRADE IDEAS WEEKLY CHARTS
                                                          Current Holds
Stock
Shares
Entry
Risk from
Entry
Current Stop
Total Closed
Kodk
77
10.60
2.61
7.99


























                                             Watching to enter this week
Stock
Entry Target
Stop
Risk From Entry & Shares
Notes
mysz
2.76
2.10
.66 - 303

cmcm
17.01
15.49
1.50 - 133

afsi
13.23
12.57
.66 - 303







Daily Bar Trade Idea’s: Two setups I describe in my trading plan are Bull Flags and Engulfing Bars Daily Bar day trades.   This setup uses a larger stop, sell ½ at 1R, stop to even and rest at the end of the day – can trail is the 20ema on the 15 minute chart. Will wait 15 minutes into the trading day before placing an entry - No fill by 12 Noon Eastern Time and will pull the trade. Will take a maximum of 3 per week with this account to stay under the pattern day trader rule and update end of the week. Each trading morning will post Daily Flag ideas.

Account Rules: Model account started November 27, 2017 - will track for a year and compare account % vs S&P 500 (SPY) - focus on stocks under 25
  • Will only hold Weekly Chart setups over night.
  • 1% maximum account risk for each trade - 1% risk  = 200R
  • Will take maximum 3 Daily Flag Trades per week to stay under pattern day trader rule with account
  • Maximum of 15% account equity risked on a trade
  • 1 set stop – sell half at 1R, stop to entry price.  Let remainder of shares run with stop under 9EMA and or 20ema. (can sell a ¼ at each moving average)
  • Will use the tracking model of a 20K account to be compared VS the SPY
  • Spy – shares at 20K price was 260.40 on 11/7/2017 – 77 shares total
  • Will be updated at the end of each trading week. 
Account to Date with closed position’s vs SPY
  • Account positions closed: -224
  •  SPY: Current 286.58 – November 27 260.40 +26.5 with 77 shares
  • Mistakes: Jumped the gun early with rangy setups, but maintained discipline with a few losses – settled in to sticky mainly to my day trading premise of waiting for the setup
* Daily 1st Hour Trading Map Posted Daily before 9:30am Eastern Time
Gapping Stocks to watch, Index Gap Fill Odds and Daily Flags to watch




* 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