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!

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

My Trades 190130 Back on track

Happy New Year!!!

Since December up until the third week of January, I was out of focus due to vacation and travelling with my family which led some mishaps along the way. Last week of January, I was able to get back on track and secure some profits though I wasn’t able to meet my quota (I could have though). Nevertheless it was a good month given that there’s only few days left to catch up.

EDITED

BUT! Last day of January, Market was generous. She gave me GREEN, Quota Hit plus few sum for the following month!

3 days strength!

So, here are some nice trades I had.

Bonus Month End Trade 😀

Trading selectively

One of my greatest frustration in trading after I was able to eliminate my draw downs was to become selective. Addressing this topic wasn’t a big deal until I came across the path of being a break-even trader due to the numbers of my cut losses. A break-even trader is one that is able to profit in the market but ending with mostly nothing due to accumulated small commission losses.

Having a good risk management in place will make a great significance in day to day trading performance but it won’t save you to accumulated small losses due to low success rate. To increase the success is to trade selectively.

The following are only simple rules which I applied to myself to at least reduce the accumulated small losses and maximize my profitability.

1 Limit trading activity

• By limiting the trade one at a time, it will me help focus more in the trade I’m in.
• This will increase the efficiency during execution phase
• It will also reduce the trades which triggered by impulsiveness (chasing, fomo)
• If it really is a good setup which passes all criteria, a second trade is acceptable.

2 One setup trading

• Being for specific with the trade I choose will help me increase my win rate since the setup I will be taking is my niche and favorite setup.
• Filters out the unnecessary setups which I’m not good at. This means my choices will get fewer.
• You may also increase the number of setup to be traded once you get good results in your trading performance.

3 Time restriction

• Some traders don’t buy during the first 30 minutes of market open. They believe that the price action during this hours are volatile and don’t represent the true price action.
• Traders who don’t want to engage with market unpredictability wait near the closing or run-off to execute their trades. This is for them to make sure that the price won’t go back from their entry price.
• Some traders trade only in the first half of trading that’s from 9:30AM until 12:00NN.

4 Trading A setups only

• “A setups” means “your bread and butter setup”.
• Once you had a very good grasp of your trading style and the niche you’re in, most probably you know what stocks you are looking for specially the signals you’re waiting to get triggered.
• These stocks have high potential reward to low possible risk ratio.
• These stocks manifest the setup very vividly and have a clear Entry, Exit and Cut level.
• Looking back in my journal of winning trades, these trades were undoubtedly good setup and “should be” easy to execute trades.

5 Discipline

• To strictly follow the rules being set

I’ve noticed that a good setup really manifest all the requirements in my analysis. A really good trade, perfect setup in your niche, shouldn’t be hard to analyze.

Restricting myself by trading selectively helps me be mindful with my rules and technicality. The traits of a good setup:

• Very quick to identify.
• There is a clear entry, exit and cut point.
• All requirements in your technical strategy are met.
• Confidence during execution phase.

At the end f the day, it’s all about “rules”. Rules that will govern your trading activity day in – Day out. Most of my mistakes came from trading impulsively at any given point time during the day that also includes taking trades which I’m wasn’t good at. I do have rules, a lot of rules, but they are scattered all over the place before. When I started to adhere them it gradually changed my trading approach. Unfortunately, this didn’t happened in just a single snap. It’s not like I said it today, I did them all tomorrow. It took time for me to really digest most of it. Of course, this will depend on how high is the level of self discipline a trader has.

From my knowledge, generally trading rules are broad but there are specific rules that are only applicable to a certain trading style. So, just carefully pick the rules which suits you best.

…and of course, to become selective – practice it!

The more you learn the lesser you trade.

Disclaimer: All what were mentioned above are just my personal preferences and they don’t constitute to any conventional trading strategy. Please feel free to share yours and I’d be happy to know them. Happy Trading!

 

181108 – ISM – Telco Speculation

2 days in a row

I wasn’t able to grab a big piece of the action yesterday (07-Nov-2018) due to a bunch of meetings. Just before the market closes, I was able to find an opportunity.

The next day, I made sure that I would be present to hopefully grab a nice piece.

-Bought just right before the closing

-Sold when I found a significant profit.

The price took flight up until 7.88, whip sa umaga.

#No greed, No chasing.

The price was trading at 7.28 near lunch time, ginyus sa hapon.

#No superman.

Bonus trade