Week 5 - EOW Trade Summary

Summary of what happened for my Week 5:

Monday 
No trading activity. 

Tuesday 
I was outside and have no access to PC / Laptop to view the market and charts. I was at work and attending a whole-day activity. Despite of it, I was able to execute $TBGI and bought the breakout before the ceiling of EOD.

On Tuesday night, here's my plan for $TBGI:

$TBGI trade plan for Jan 31 (Wed): 

• If it gaps up tomorrow, wait for further movement within the day. Any significant drop or weakness should be considered a warning signal. Sell anytime when price plummets.

• Wait for a decision around 2:25pm to 3:30pm. Big moves happen during those times. 

• If it gaps down tomorrow, wait for the first 15mins to 28mins of the market open. Should the stock trades below 0.60 (closing of today) AND continues to go down with a MASSIVE SELLING PRESSURE, DON'T HESITATE TO SELL.

$TBGI Daily Chart
Bought Tuesday, sold Wednesday

$TBGI port allocation: 27.0%
%Gain for the trade: +31.02%

Overall port gain: +8.38%

Holding Period: 1 trading day

I also made an error. I traded $TUGS Tuesday morning but sold it the next day:

$TUGS Daily Chart
Bought Tuesday, sold Wednesday

$TUGS port allocation: 15.2%
%Loss for the trade: -9.80%
Overall port loss: -1.48%

Holding Period: 1 trading day

Lesson/s for $TUGS: 

Never enter half-baked setups and never buy in the morning. In the case of $TUGS, I was triggered since MA50 trail is respected and it broke out of immediate resistance. I anticipated a continuation or a favorable move towards the darvas high, which I admit is wrong. Anticipating is not helpful in any system. Especially if the setup still needs further confirmation.

Wednesday 

Error trade: $ATN. 

After cutting $TUGS and selling profits of $TBGI, superman syndrome strikes. I saw $ATN breaking out of the 52wk high.

I entered after recess while I'm in a meeting and got too greedy. I thought it'll close at the ceiling, but did not. I have to adjust accordingly and sell at the close.

$ATN Daily Chart
SUPERMAN SYNDROME

$ATN port allocation: 45.5%
%Loss for the trade: -8.79%
Overall port loss: -4.00%

Holding Period: SAME DAY

Lesson/s for $ATN: 

DO NOT BE GREEDY. Do not put too much allocation for these kinds of plays. The closing was a selldown and the ceiling play did not materialized.

Thursday
I entered the ATH of $HVN on this day. Sold the next day, Friday.

$HVN Daily Chart

$HVN port allocation: 27.9%
%Gain for the trade: +27.65%
Overall port gain: +7.71%
Holding Period: 1 trading day

Friday
Sold all $HVN this day. 
I'm still holding on to the stock I bought since Jan 15. Took some profits since my initial target has been hit. 

Feb 2, 2018 Day Change

To tell you honestly, it's my first time to experience a 10k day change. 
I never expected this to happen. With just the right preparation, right mindset with the right time, things like these can really happen.

Market's been such a Blessing this week.

It's my Father's Birthday and I treated my family for a yummy dinner on Fri night:

H-Cuisine's Most Awesome Angus Beef Belly
(Bon Appétit)

BTW. Got myself a new position for week 6.

End of week 5 port snapshot

Total trades this week: 5 trades 

I exceeded my max number of trades in a week which is supposedly 3 trades only. But I guess there's an exemption this week. There are setups that are too good to be missed out.

More to follow.