Blog Posts Tagged with Trades Of The Week

Adventures in Trading GME

By now everybody knows of the shenanigans taking place with GME and several other stocks.  I thought I’d document some of my process in profiting from its parabolic rise (and subsequent fall).  As you may know, I created a Parabolic Rise stock scan to find situations just like this. 

How SwingTradeBot Helped Me Have a Great Trading Week

I had a couple of really nice trades this week that I want to discuss.  I half-jokingly tweeted about the first one, chalking it up to dumb luck.  While there was certainly some luck involved, I'm reminded of that old saying about luck:

How and Why I'm Using the New Intraday Alerts

I want to share how I'm using the newly added intraday alerts.  First, a little (refresher) on my typical trading process.  Here's what I do for at least 80% of my trades:

Trades of the Week: Jan 29 - Feb 2, 2018

So this was quite an interesting week.  It started out as death by a thousand cuts for me.  Well, it wasn't quite that bad, just a little choppy.  But Friday was my best day of 2018 thanks to my willingness to go short.

Trades of the Week(s): Jan 15 - 26, 2018

So this was a slow couple of weeks for me.  I was out of the country on vacation for most of that period, so I was trying not to do much trading.  Also, I don't like to do a whole lot in the heart of earnings season, because the market can often become choppy from one day to the next based on how the reports are each day.

First an update on the positions (CENX & MNTA) I mentioned in the previous Trades of the Week. 

Trades of the Week: Jan 8 - 12, 2018

I'm going to try to do a post like this at least every other week.  My goal here is to show a bit of my process and the scans I use to find these trading candidates.  They certainly won't be the best trades one could have possibly made, it will just highlight those I found and chose to take.

CENX

First up is CENX.  This stock has been on my watchlist for a few weeks because I traded it in December.  I bought above that consolidation pattern at  $16.14 (with a stop loss under that rectangle at 15.30 -- a great example of a classic Darvis Box or a flag) and sold it on December 28th at 19.82.  So my initial risk (1R) (read more about R and R multiples here) was 84 cents per share, so I made 4.4 times my initial risk (4R).  I liked how the stock was acting, so I kept an eye on it by adding it to one of my watchlists.