January 2020 Happy New year!

I joined InvestaCup last 4th quarter of the year, I lost!

But I learned a lot from it.

I was so inspired especially to my brother who won as a Champion! Maity Gee!

Started January nice and clean.

The kind of pattern which constitute a “Cup and Handle”. SUN was a hot stock piercing every resistance ahead of it. I though the bullish candle right below a major 52WH resistance would be easy for it to break which it eventually does.

 

Basically, this should have been a 3Day bounce setup but the rally had hit a resistance near 4.00 which triggered selling pressure right below it.

Should have been a good swing which didn’t end well. Cut!

I could’ve done better! Lost it! 😦

TECH CORRECTION.

Trophy trade for this month! Still got some position to play.

On to the next!

190828 PPG 15% WHIP!

Wapak!

Ma-whip ka ng 15%!!!! Awts!

Entry: 7.10

Bounce play at F76 confluence on recent resistance 7ish level.

Exit: 8.50 (Planned)

Executed: 8.00 —> Defensive exit strategy due to sentiment.

KPPI and PPG had a very similar price structure. KPPI pulled back on it immediate resistance few minutes earlier than PPG.

It was like an hindsight for PPG that traders would eventually recognize it and will do the same. I thought of securing profits right before it pulls back. Unfortunately, PPG came very strong. I could have sold at 8.50 as planned.

Tomorrow is the closing day of the month!

Thank you Aughost! It’s been a wonderful month!

really wonderful!

190823 Triple double! 1-KPPI and 2-PPG

I wasn’t able to ride the bandwagon of KPPI IPO craze due to inability to trade.

I had one shot for the week, Friday day off. I was lucky to grab some quite good chunk of profit in 1 day!

Triple double digit gain!

Entry: Strength after confirmed support at previous close

Exit: Ceiling, Breakdown

The only difference between the two, KPPI hit ceiling but PPG wasn’t. Therefore, my exit for KPPI was super at 27.3 and PPG was only at breakdown somewhere 12.

The first for PPG was buy the ceiling close and sell the next day open.

Wattaday!

190805 Two tales of trade PXP vs IDC

Two tales of trades: PXP vs IDC

IDC Trade

Entry: 5.81 (Ideal 5.80)

I wasn’t able to grab the piece on breakout but I got a little lucky to catch on the pullback the next day.

Exit strategy: Variable (Breakdown, Target price, or Weakness on resistance)

On a bigger scale, IDC was able to pierce F38 which was a good sign of strength. My bias was it would eventually create a Darvas box which could possibly run for another breakout on to the next golden ratio (F62).

Unfortunately, it broke down to the previous Darvas line (red line around 6.50) which triggered my sell button.

PXP Trade

Entry: 9.40 (Ideally 9.30)

The breakout was quite fast. The day close had given me a good base to hold on.

Exit strategy: Variable (Breakdown, Target price, or Weakness on resistance)

My bias was that price would eventually close the gap. Unfortunately, the price had shown hesitation near the target area which was 12.00-12.20. F38 was pushing back the price. I didn’t hesitate to lock in a decent profit.

Same play, same strategy, and both were breakout triggered.

I could have locked in those profits in IDC yet I made have missed a bigger move according to my bias. Nevertheless, the important thing was I followed my plan though I wasn’t able to maximize my profit still I’m satisfied. Perhaps I would consider refining it to get far better in securing my profits.

PXP was fine even though it pushed a little more the next day still I was able to secure a nice chunk of profit.

At the end of the day,

he who profited and had gained knowledge wins.

 

190711 TECH Profit down to half, I made a mistake!

Three day bounce on major support

Entry: 15.80 (nice entry)

Exit: 3rd day strength!

TS: Previous close of 2nd day

I made a mistake!

Sold at low on the 3rd day.

Carelessly didn’t sleep early a day before the 3rd day.

Result: Profit slashed to half. My bad! 😦

190705 PIP Half Bagger Trade

Entry: 1.38

Target Price: 2.10

Exit: 1.95-1.97, lastly 1.79

There was a strong resistance build up at 1.38. A break over it could trigger momentum. Though it didn’t picked right away, the previous resistance (1.38) held on until the follow up rushed in.

Bias was PIP might catch up with 100MA on weekly. One more consideration was Fibonacci 38% which could be treated as target price.

Expecting consolidation on high around 1.80 should have easily hit 2.10 but the momentum started dissipating around 2.00. This was where I started to sell position to keep my psych safe from undesirable event. The next 2 candles where so bearish. At this point I got the majority of my position out and just let the few satisfy the play. Breakdown from 1.80 was my stop.

190514 PXP 7% LIP

Goal of the trade was to make 10% gain on the momentum overshoot on F61.8%.

Pattern Descending triangle.

Bought the Breakout of 8.15 (AEP 8.20)

Exited at 8.80 when the price didn’t showed strength on the 3rd day hitting the trend line. I was ready to take profit once it hit 10% though.

190604 NOW Breakout – 100MA

NOW just hit a strong support at 2.00 My bias was NOW would eventually bounce from this level but the question was when?

Apparently, RSI 50 seemed to resist during the recent downtrend. A breakout through it would be a sign of strength.

A bullish divergence was also seen which was a plus.

The trade idea was to enter where the momentum would possibly get triggered which was the breakout at 2.19. This would be strong due to the strong confluence of resistances RSI 50, 20MA, and box top.

Target price would be in 2.80 to 2.85. The confluence resistance of 100MA and Fibonacci 38%.

Looking at the weekly chart, 20MA resisted.

On this day, NOW just released a news that they plan to offer 5G services.

Sell on news?

or

Buy on bullish information?

Update:

Resist was confirmed strong.

 

Answer is?

Follow your trade plan. ;P

190430 SSI – Good hit!

Expectation meets reality.

Bought at breakout 2.70

Exits: Profit objective + Technical Sell

If only all trades are executed this smooth everything would be easy.. but of course it isn’t.. 🙂 This one just really gave me a good hit.

THE RIFT LIVE March 2019

I felt overflow of energy of these guys!

This would be a memorable photo for me. Zeefreaks, Celeste, Alpha Centori, and Maity.  It signifies who I am as a trader. Without these guys I would have not developed to who am I right now. They all part of my story which I’ll always treasure.

Zeefreaks, it was him (his blog) who had given me an idea on how someone like me can possibly make it in the world which I thought was only for the rich and smart. His achievements in creating the ZF system gave me what I was looking for. A system that is very simple yet very powerful if used correctly. I was already sold when I heard one of his powerful phrase:

“No news, No recos, just plain chart.”

You might want to check his blog: https://zeefreaks.blogspot.com/

Rooting for Celeste, it was her blog who encourage me to cut my losing position that time. My position in a nickel stock (FNI) which was recommended by someone whose famous in fundamental analysis. As a newbie trader, I was in the highest point of my hopes to earn fast in the stock market not knowing what danger lies ahead. Stuck in a losing position because I had this idea which tickled my innocent belief that this stock will shoot up once the demand in nickel sky rocket back in summer of 2016.

It was this post which served to be a wake up call:
https://rootingforceleste.com/2015/11/20/an-open-letter-he-calls-himself-the-orchestrator/

It took me 6 months to become a part of the tribe with the help of the next person.

Alpha Centori, an angel, my mentor, maybe I’m just really lucky after all the catastrophe which happened to me in my early years of investing. Right before I was about to give up, I was in the right time when he felt generous enough to teach few traders for free but just make a random act of kindness as our tuition fee. He taught me the basic fundamental of the ZF system and guided us along our journey. It was because of him why I became a part of something big. Made friends with people who share similar goals. It was like a steroid in my learning curve though it wasn’t fast compare to others.

It was an info-overload which I just figured out lately.

You might want to check his blog: http://robotfromalphacentauri.blogspot.com/

Maity Gee, this guy is really an inspiration. I saw him rapidly developed through his unwavering persistence and dedication was very motivating. His generosity in sharing his knowledge also had helped me fix some of my dilemmas in trading. The clarity of his objectivity was one of the traits I replicate in my style. I’m really happy with his achievement and I’m excited to see himself in a bigger picture in the trading world. It was him and actually Sirius Lee who greatly influenced my trading style. Kudos to you guys!

He is one of the biggest hearts in our team!

Keep it up paps!

~*~

The Rift Live, another successful event which fueled up my fire from within. It was really uplifting when I heard Maity roared out that overwhelming joy that he already achieved his initial goal in trading, Trade full time!

SOON I WILL!

Congrats Team Uhaw (ZFT UAE) specially to the organizers!