Week 4 - EOW Trade Summary

Here's a summary of what happened for my Week 4:

Monday 
I entered $NOW, it was a losing trade and this was an error. See blog entry here.

Tuesday 
As a punishment for my error, I did not traded this day. This was also the time I saw $EMP and $HVN as a missed trade. See blog entry here.

Wednesday 
I entered $NOW (momentum play) and $STR (ceiling play).

Thursday
Sold $STR in the morning. Sold $NOW in the afternoon. Max number of trades reached this day. I must limit myself to max of 3 trades in a week.

Here's my trade log in my journal:

Sold STR this morning. I was at work and I'm in a meeting when I executed my sell order. Around 9am, I already opened my account through my mobile phone and checked the projected open of $STR (and $NOW). 

At around 9:20-9:29am, the projected open of $STR was at its ceiling price of 29.25. At the market open, I was checking the bid/ask table through my phone while talking to my colleagues. I saw there's a huge amount of bid volume at 29.25 I am ready to sell $STR at the ceiling price, but I'm in a meeting. 

At 9:31am, I refreshed my port and here's what it looked like:

9:31AM of Thurs, Jan 25

Right after, I excused myself from the meeting and went to the CR just to execute. 

Time check: 9:35am. 

$STR already dropped to 23.00 plus the bid/ask table looks weird. The bid price is higher than the ask price.

So I waited for a few minutes, price is trading around 23.00 to 27.00. I didn't bother if my gains from 29.25 melted quickly. I just have to execute my sell order. So I decided sold half at 24.50 and the other half at 23.50. The portsnap was yummy, but I wasn't able to sell it at its peak. But still, good trade for a 1 day hold.

$STR Daily Chart

$STR port allocation: 19.5%

%Gain for the trade: +21.62%

Overall port gain: +4.22%

Holding Period: 1 trading day

$NOW Daily Chart

$NOW port allocation: 26%

%Gain for the trade: +10.36%
Overall port gain: +2.70%
Holding Period: 1 trading day

Friday 

No trading activity for Fri. I was busy at work since we have a whole-day activity (town hall department meeting).

I was checking the market through mobile, I got a little bit of FOMO with $HVN. It made +354.13% move week-to-date. From 21.00 level on Monday to 100.00 on Fri. CRAZY indeed. It was a missed trade. But i shrugged it off that night. I went for a long walk and grabbed some beer.

Left with one one stock, still holding since Jan 15:

More to follow.

Week 4 - Missed Trades

I have no trades today. 

Since I encountered a trading error yesterday, I banned myself from trading for a day or two (or for the whole week).

I missed these 2 stocks below.

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1. $HVN

This stock wasn't even on my watchlist for week 4. But yesterday and today was just HAVEN. Both candles closed at ceiling price.

$HVN Daily Chart
Jan 23, 2018 - Tues

The setup is too simple: Just buy on ATH breakout.

Buying from 26.00 to 32.50 yesterday can give you +25.08% opportunity.
Buying from 26.00 to 48.75 yesterday can give you +87.62% opportunity.

Anyway.

Will let this pass. Will watch it and document it for future references.

Trade lesson:

- Keep a thorough watchlist over the weekend. Since I have no plan for this stock, It's okay.

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2. $EMP

This is included in my week 4 watchlist.

My area of buying is simple, just the breakout at the 2 circled areas below:

$EMP Daily Chart
Jan 23, 2018 - Tues

But since I have work today and I was on a meeting, I missed this stock.

Didn't bother to chase since the price is high already (for me). Will watch it consolidate and wait for a good entry instead.

End of entry.

Week 4 - $NOW What?

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It's Monday and I just made one error trade.

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$NOW Daily Chart
Jan 22, 2018 - Mon

$NOW 3-Minute Chart
(and trade transactions)

$NOW port allocation: 10.8%

$NOW %Gain/Loss: -5.76% 
Overall port damage: -0.62% 

Trade lesson/s: 
Never get too EXCITED. Do not CHASE. It's much better NOT TO TRADE rather than chasing flying stocks. 

I probably traded this because I was triggered by the movement during the morning session AND at the back of my head, someone's screaming: CEILING.

Do not jump into assumptions right away. Let the market speak for itself.

Again, it's best not to CHASE.

Week 3 - Trade Summary

Holla! Week 3 was my first trading week for 2018.

I entered 3 stocks below:
1. $NRCP
2. $ECP
3. 1 current holding for week 4 (and onwards?)

See below for the trade summary.

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1. $ECP 

Based from my recent blog on Thurs, Jan 18: The Tale of $ECP - I said I wasn't going to trade this stock and will let this pass, but I took my word and broken my rule - because the setup fits my parameter and the stock really has MOMENTUM. Looking at $ECP chart on Thurs night, one of the trigger/s I'm waiting for was the ATH of 60.95. I made a plan that night that if this stock will go CRAZY again on Fri, 60.95 area was my ideal safe entry.

$ECP Daily Chart
Jan 19, 2018 - Fri

And so it happened. 

On Friday, $ECP opened at 56.00 and broke the ATH at 60.95. 

I made my entry during the first minutes of the open, then eventually sold before the close.

$ECP 3-Minute Chart
Jan 19, 2018 - Fri

$ECP Buy/Sell Transaction:

$ECP went as high as 76.50 on Friday, and this was the snapshot during recess:

Jan 19, 2018 Fri Recess
Of course, wasn't able to sell $ECP at these levels
(and $NRCP 👀)

$ECP port allocation: 31%

$ECP %Gain/Loss: +10.30% 

Trade lesson/s: 
Always have a prior plan when entering these kinds of play. Luckily I'm able to monitor the market on this day. Since this one's too quick, just react and set a sell plan accordingly.

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2. $NRCP

I entered $NRCP on Tues, Jan 16. 

I saw a breakout at the multi-yr high of 1.29 and made my entry EOD.

I even added the next day. 

But luckily I sold it with a loss. 😊 

$NRCP Daily Chart
(and how I traded it)

$NRCP Buy/Sell Transaction:

Say CHEESE before cutting! 💥

$NRCP port allocation: 30.2%

$NRCP %Gain/Loss: -9.42% 

Trade lesson/s: 
Respect cutloss point and cut immediately. Do not HOPE when cutloss point is already hit.

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Only left with one stock for the remaining days / weeks ahead.

Current holding:

Nothing has changed with my port.

More to follow.

Week 3 - The Tale of $ECP

This week is another CRAZY week for $ECP.

After it went ceiling after ceiling last Fri Jan 12 2018, today it registered another ceiling candle.

I don't have any $ECP in my real port. I never traded this stock and it's not even in my watchlist at the start of this week. 

I have few reasons why:

1.  I must respect my rule considering my availability when trading such volatile names. Since I have a full-time day job, I must not trade risky/volatile stocks that will require intraday monitoring. In this case, if I have to trade $ECP, I must be in full 100% focus on the intraday movement since this can go up or down in just a matter of minutes.
2.  I must stick to my watchlist and only trade stocks that are at least in 6-month high. I admit $ECP is VERY INTERESTING stock, but for now I'll let it pass and add this in my studies for future references.

Trade dissection of $ECP bounce / ceiling play:

$ECP Daily Chart
Crazy!

1. After $ECP made 3 CRAZY candle moves (ceiling after ceiling), it registered a recent high at 49.90. This can be the swing high for the Fibo plotting (1b) and the swing low is at 11.04 (1a). The long red candle after 1b (01/17/2018 candle) confirmed a retracement/pullback happened for $ECP. But this candle was a strong bearish candle. I'd rather wait for support areas of the Fibo retracements.
2. Today it found a support at 50% Fibo level. It opened at 32.95, registered a low at 30.05 and went up to do the CRAZY ceiling move again.
3. It even broke the high of yesterday (42.80) and closed above it, which signifies that this stock has MOMENTUM.

Now if by chance I ever got to trade this stock. I will monitor it using intraday (3mins chart) below:

$ECP 3min Chart

1. After it bounced at 50% Fibo (30.00) area, the price rallied and even broke out MA100 right away.
2. It stayed above MA100 and formed 3 candle conso before a breakout to continue its move. A breakout at this area can be a good buy.
3. It even respected the high yesterday (w/c is the immediate body resistance in daily) and broke it for another continuation. A breakout at this area was a good buy also.

Now just for educational purposes, I paper-traded it and entered at the breakout of the big box. 😎

$ECP Paper Trade

Let's see how this will react tomorrow. 

What's in a GAP?

Since 1st week of Jan 2018, I've been looking at this stock. 

I wonder how will it react to the GAP below:

Specimen #1
Weekly View

Will it break the first line? 
Or will it go otherwise?

Worth watching in the coming weeks ahead. 😎

Week 2 - Restart

Greetings and Happy New Year!

It's been a while since my last blog post. 

A lot of things happened lately. 2017 was indeed a GREAT year. Lot of learnings from Trading (and in LIFE as well). I became a part of Money Grower's sparks program, I've met notable traders in ZFT community (shoutout to ZFT Camp Bawi 2017!) and I even got the chance to meet the Boss ZF himself! 😎

Big ups to my brothers (Cosmos Kairos & Daedalus Trader) for the unending discussions. And lastly to my mentor, Akio Kashigawi, for believing in me and giving us the VISION this 2018.

Now, I am off to a challenge, #UPTREND2018 : 100days of trading only uptrend stocks.

I am immersing myself with intense focus and will update my progress here in my blog (especially through losing times).

Before:

 Transfer of funds:

There, fresh start for 2018.

My official trading will start on Mon, Jan 15, 2018.

More to follow.