Summary of what happened for my Week 5:
Monday
No trading activity.
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:
I also made an error. I traded $TUGS Tuesday morning but sold it the next day:
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.
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| $TBGI Daily Chart Bought Tuesday, sold Wednesday |
$TBGI port allocation: 27.0%
%Gain for the trade: +31.02%
%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:
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| $TUGS Daily Chart Bought Tuesday, sold Wednesday |
$TUGS port allocation: 15.2%
%Loss for the trade: -9.80%
Overall port loss: -1.48%
%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.
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| $ATN Daily Chart SUPERMAN SYNDROME |
$ATN port allocation: 45.5%
%Loss for the trade: -8.79%
Overall port loss: -4.00%
%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.
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| $HVN Daily Chart |
$HVN port allocation: 27.9%
%Gain for the trade: +27.65%
Overall port gain: +7.71%
Holding Period: 1 trading day
%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.
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| Feb 2, 2018 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:
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| H-Cuisine's Most Awesome Angus Beef Belly (Bon Appétit) |
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| 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.
