Sunday, December 24, 2017

Weekly Swing Trade Ideas - TITN and AMWD



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
15.95
15.95


























                  Watching to Enter this week
Stock
Entry Target
Stop
Notes
amwd
129.01
125.45
Bull Flag Pattern after Strong volume
titn
21.51
20.49
See above






Account Rules: Model account started November 27,2017  - will track for a year  and compare account % vs S&P 500 (SPY)
  • 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 267.51 – November 27 260.40 +7.11 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