Sunday, December 31, 2017

Weekly Swing Trade Ideas - SIeb and Mlnk


SWING TRADE IDEAS  - WEEKLY CHARTS
                                                         
            Current Holds
Stock
Shares
Entry
Stop/Exit 1
Stop/Exit 2
Total Closed
cprx
200
3.93
2.95
2.95

mara
70
4.24
2.95
2.95

pxs
60
5.48
1.99
1.99

ncs
66
19
18.30
18.30

titn 140 21.65 20.49 20.49


















             Watching to Enter this week
Stock
Entry Target
Stop
Notes
sieb
  17.80

Use low of the week as a stop.
mlnk
2.67 2.42




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.
  • sglb
  • ftft
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: -93
  •  SPY: Current 266.86 – November 27 260.40 +6.46 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


* 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