Week 7 - Emotional Week

What an emotional week indeed. Here’s what happened to my Week 7:

• On Monday, I'd let go of strong stocks for a greedy play: $POPI. Sold partially on $WLCON and sold all $PIZZA for $POPI trade. On Tuesday, I entered $POPI again, anticipating for another run. But of course did not happen. No wins for $POPI.
• Traded $NOW on Tuesday, good entry at EOD, but the exit was a bit early. Sold it in the morning of Wed and sold it at strength. Overall $NOW trade gave me +10% port increase.
• Lesson for $NOW: 
• The best decision to sell positions is in the afternoon. Particularly 2pm / 2:30pm/ 3pm onwards. Be contented with the gain and overcome the feeling of being left out. There are a lot of things to be thankful for.
• Error trade on $PXP. Perhaps this trade was due to mixed emotions: got FOMO with $NOW since I sold too early, plus I put too much volume on this trade. I even sold my remaining $WLCON position thinking that this stock will go fast. Probably my biggest port allocation this 2018 at Php65.2k. Expecting a strong close, at the ceiling, but did not. Ended up cutting near the close. Total port damage is -4.39%. This is the biggest port loss next to my $ATN trade (-4.00%). 
• Lesson for $PXP: 
• Since the setup and parameters are acceptable, it's okay to buy as long as the allocation is controlled. Do not put too much allocation right away. Do not buy big chunks too early. The best decision again to buy is near the closing. Overcome the FOMO and do not be Superman.

Emotions for this week:

• Too much greed.
• Too much excitement.
• Superman syndrome. 

Total trades bought: 5 trades

Total trades sold: 6 trades

Open position: 1 stock

$NOW Buy/Sell Transactions:

$PXP Buy/Sell Transactions:

Feb 15 Day Change:

-5,294.61 Day Change
Due to $PXP error trade

End of week 7 port snap:

Still holding to 1 stock bought since Feb 1. 

More to follow.

Week 6 - EOW Trade Summary

Here's what happened for my Week 6:

No trades made on Mon and Tues. 

I sold one of my positions this Wed and Thurs. This was bought since Jan 15, 2018. 
The stock is $SMC. I posted it in my previous blogpost: What's in a GAP?

$SMC Weekly Chart
GAP has been filled

$SMC portsnap end of week 5
(Not the selling price, of course.)

$SMC buy and sell transactions:

$SMC port allocation: 50.5%
%Gain for the trade: +9.71%
Overall port gain: +4.91%

Holding Period: 18 trading days

Reason for selling $SMC:
- Gap has been filled
- Target of 150.00 was reached

Bought 2 new positions for Week 7.

Time to grab some $SMC beer this weekend.

Cheers.

More to follow.

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.

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.

________________________________________________________________________________________________________

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?

_____________________________________________________________________________

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

_____________________________________________________________________________

$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.

_____________________________________________________________________________

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.

_____________________________________________________________________________

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.

_____________________________________________________________________________

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.

Week 34 - A Losing Trade x $CEI Trade Dissection

August was not a good trading month for me. A lot of experiences to remember and learn. 

Lost to $PNX twice. 

Lost to $BRN big time. 

Lost to $CPM.

I also had few losing trades on the sides.

Now, I'm sharing my recent trade. I don't know if I can consider this a 'win'. 

For me, this trade is a loss. 

I was supposed to be on a trading ban last week. But since I traded $CEI, I disobeyed the rules. 

Got suspended in one of my mentoring class.

I admit, it was clearly my fault. Apologies to my mentor.

Lesson: 
Learn to be reliable and a person of integrity by being disciplined and by simply following/obeying the rules. 
In the world of stock market, it can cause a LOT more danger when rules are not followed. 

________________________________________________________________

$CEI Trade. Aug 16 to Aug 22, 2017. 3 trading days hold. +9.83% gain.

$CEI trade convictions:

• AOTS all timeframe
• ATH breakout
• RSI 70 breakout all timeframe

$CEI 3-month Daily Chart

1. Plotted ATH resistance at 0.225, this was the high on Aug 8, 2017. Prior to that, the previous' ATH resistance was registered at 0.220 way back March 1997. 
2. Plotted another area of resistance at 0.215, the opening body of Aug 8 2017 candle.
     a. Wed Aug 16, there was a breakout at the body resistance. Bought at this day at 0.216 and 0.217. Price closed at the day's high 0.227, above the #1 resistance, making it the new ATH.

   

   $CEI Buying Transaction

     b. Thurs Aug 17, this day was a tricky candle. It opened at 0.228 - a tick higher than the previous day's close. Opening and making 0.228 its new ATH. Then $CEI went down, touched 0.215 previous' resistance and closed at 0.218.
3. Fri Aug 18 was still very tricky. It opened at 0.220, 2 ticks higher than previous day's close. It only registered the low at 0.218, then breakout happened. I made another buy at 0.230, after breakout of 0.228 ATH resistance. Price closed strong at 0.255, +16% move that day. I placed a trail stop at this day's close.
4. Mon Aug 21 was a Holiday.
   Tues Aug 22, price opened at 0.250, lower than previous candle's close. It peaked at 0.270, then went down again. When the price was trading lower than 0.255, I executed my plan and sold my positions.

$CEI Selling Transaction

There. Sold positions and prohibiting myself from trading.

Will now observe trading ban until further notice. Need to re-evaluate things outside the market.

More to follow.