Saturday, January 6, 2018

Weekly Swing Trade Ideas



SWING TRADE IDEAS WEEKLY CHARTS
                                                          Current Holds
Stock
Shares
Entry
Risk from
Entry
Current Stop
Total Closed
cprx
200
3.93
1.00
2.95
Looking to add
Titn

70
21.65
1.50
21.65
Sold ½ 1R + $128
mara
70
4.24
3.00
2.95

ncs
66
19
1.25
18.83
Looking to add







                                             Watching to enter this week
Stock
Entry Target
Stop
Risk From Entry & Shares
Notes
Sieb
16.53
13.49
3.04 - 65

Mlnk
2.58
2.26
.30  - 667

ncs
19.66
19.12
.54 – add 119
Adding to current hold – sell half at 2-1 over 1-1 (stop even at 1-1)
cprx
4.09
3.83
.26 - 769
Add to current hold

Trades Closed: PXS -120, and half of TITN +128

Daily Bar Trade Idea: Two setups I describe in my trading plan are Bull Flags and Engulfing Bars Daily Bar day trades.  Here are a few to watch for the Monday (or Tuesday if Monday was a holiday). This is a day trade, can be used for a swing trade account as is easy to enter and exit daily – will exit end of day. Will review next weekend if entered and result. I only hold Weekly Chart setups over night. Enter break of the high of the last candle.

  • Acbff – 10.89
  • Renn – a break of the high of the last candle – entry above 9ema
  • Ccxi
  • Sky  - must have clean 2 bar pullback

Last Weeks Daily Trade Idea:

  • sglb: No trade
  • ftft: Missed a winner

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

  • 1% maximum account risk for each trade - 1% risk  = 200R
  • 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: -95
  •  SPY: Current 273.42 – November 27 260.40 +13.02 with 77 shares

* Daily 1st Hour Trading Map Posted Daily before 9:30am Eastern Time

Gapping Stocks to watch, Index Gap Fill Odds and Weekly Swing Trade Ideas



TRADING PLANS 



* 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