PocketPAT

Slept in today, but my only watcher was XON. Very, very easy chart to trade and it did exactly as I'd expected. With yesterday being the first green day of the new run-up, I was looking for a opening dip to provide continuation on the multi-day swing. Reviewing the chart, it would definitely have taken me two trades to confirm the bottom. Because of this, I will now implement a "2nd candle" rule (I will wait for the second green candle to confirm the bounce bottom before entering, sacrificing a few cents, but avoiding a false entry and saving day trades). It seems apparent that this ticker would be better to day trade instead of swing trade, because while swing trading could profit $943 over 5-7 days; the daily dip-and-run price-action would actually yield $2,201 if I were to day trade it. Very interesting. The only problem is that I only have 6 day trades, unless I go the third account route. 9 day trades would definitely be enough for ease of entry/exit, but would again take swing trading off of the table. Though, this new profit potential makes it more clear that I should stick to day trading; and so I'll revert yet again, day trading all ideal swing tickers instead. In the end, profit potential and safety are most important.

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PocketPAT

CYH has forced me to return to trying out exclusively Swing Trading. I was both right and wrong at the initial bounce attempt near 2.80; but with the slow movement, I was easily able to cut losses quickly. Had I not taken swing trading off of the table, I would have re-entered after confirmation over the next level of support down at 2.40. Within just four days, I would have been up $1,000 on just a $2,500 investment. I would've taken profits there at 3.40, but had I held just one more day, I would've been up almost $2,000. On just this ONE position. My new plan is to split my equity into four ideal swing trades for safety ($2,500 each). None of my watchlisted swing tickers have gapped down overnight within the past year, so I should be safe; and I'll only enter after a confirmation bounce over the 5-period SMA (1YR chart). By adding my IB account into the mix, I would now have two day trades each day for better ease of entry and exit (three accounts); which would provide daily day trading profitability, but I'm itching to try swing trading due to both it's slow and controlled price-action as well as it's clean and clear chart paths.

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PocketPAT

Everything was on fire this morning, I'm assuming related to Trump's opening remarks at the World Economic Forum; which took place during the wee hours of the morning EST. Even my slow-movers were on fire. Ironically, my main watcher was NVAX on technical analysis and it was virtually untouchable at +50% market open. I'm not into that kind of volatility anymore and the fact that it's down 20% from market open (overreaction correction) is exactly why. Too sporadic and unpredictable. The main problem I have with it is my inability to get in and out of trades freely, being under PDT. Even still, I worked my way around it with a scratch profit on FCEL. The perfect play was PLUG on the clean and clear double-bottom at 4.10; which would have yielded me an easy $420 had I spotted it. *Sigh* =) loving the slow-movers, but tomorrow is another day.

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PocketPAT

Reluctantly skipped trading for extra rest today. Actually woke up at 9:27am lol, but forced myself to go back to sleep. Much needed. Did some math last night though and realized that I really only need to make $115 per MONTH to hit PDT by October. So that's good to know (very likely that it'll happen much sooner than that as my daily profit goal is trending around $150-$300) but I'm not really in a rush since my strategy has gone through so many changes. The more time I take to get out of trading prison, the better prepared I'll be once I do. Also, had I traded today, I'd have no trades for Monday and I only had 1-2 potential dip buys this morning (RAD and TEN). Looks like neither did anything but my third option BE ran 7% so far so that would have been nice. I've been loving tickers like BE that run for 5-10 small green days. So predictable and slow for easy repeatable daily profits. Perfect for account building. $240 one day, $180 the next day, $320 the third day and the next and the next. I've decided to eliminate the swing trading strategy to focus only on Daily Dips and Shorts; but the greatest thing that came from the swing trading strategy is sticking to these slow-moving, easily repeatable, predictable and profitable tickers. After PDT, I'll still trade them but with double size and multiple trades. I don't want or need tickers that run 50%, 80%, 100% in a day. That's too crazy, too stressful, too UNPREDICTABLE. I want the slow but easy money and I'd be willing to hold 2-3 hours to get it.

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PocketPAT

Six of the last nine trades are profitable =) . Been getting over a nasty cold this week, haven't gotten enough sleep and have started to force trades a bit. You don't have to trade every day. Profitable today, but bad overall getting into RLGY. Time to get some rest. May take tomorrow off, but not likely lol. Ugh. I keep thinking about Superman saying he traded even with a fever.

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PocketPAT

LOL Sold GEO for an early profit yesterday, but expected an overnight gap up per the historical price-action. Lo and behold, overnight gap up. I would be up about...... $120 premarket on full-size. Definitely looking forward to swing trading =) . As I said, it's extremely calm and controlled.

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PocketPAT

Found another awesome qualifier for swing trades. The long-term chart should be healthy over the past 5-10+ years. The idea is that you want to hold healthy companies overnight, not failing ones. The only company that's down huge long-term which I do still like though is CPG; since it's locked in a horizontal pattern and the level above had three cycles of horizontal price-action to profit from. Overall though, I will only look to swing tickers that are uptrending or at least going sideways. Once you zoom out, it's pretty clear how well a company is doing and you don't want to risk losing big overnight with some bad after-hours or pre-market news. Refining my watchlist. ----- 6:59PM: Actually, I'm killing off CPG and all other Energy stocks. They seem to perform the worst overall. I will be trading absolutely no stocks in the Energy sector going forward =)

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PocketPAT

Small loss on SPWR today. No biggie, but I decided to try a test swing trade on GEO. I mean, why not? I'm super intrigued by swing trading and I'd like to gain some experience and build good habits for when I'm over PDT. From what I've learned so far: 1) you should wait until after the FGD (after multiple red days down to multi-term support). Zip Trader uses the SMA on 1YR charts and once price-action crosses it, that's called "confirmation" of the bounce. His thing is, wait til confirmation before entering the stock (risk management). 2) You should focus on tickers that are locked in a horizontal channel, meaning that the price-action has the same multi-term highs and lows for an extended period of time. 3) I've found that you should focus only on tickers that have not gapped down huge overnight within the past year (risk management). If it hasn't done it in the past year, it probably wont be doing it this week either. These tickers are too boring for most people who want to make huge gains fast, but as I said; my number one priority is getting over PDT for ease of entry and exit, while also refining my strategy with experience. I'm currently long with half-size, up $12 and looking to hold overnight until about $16.50 (where I'd take profits of about $150). What I've also noticed is that my other Swing Trade watchers that are running all day today dipped at the open (all after first green days) but immediately went back red to green. Had I entered TEN after the dip, I'd be up $200 right now (ain't that a bitch LOL -- for a LT Swing Trade that's supposed to be a slow-mover). GEO has been struggling to get back green, so I'm thinking that this may be a red day before the true run. For that reason, I may cut profits earlier. Worst case scenario, if it ran against me huge, I'd be down $20. Nothing! Worst WORST case would be a tank (-$40) but I'd catch it way before then at about -$5, because I have mobile alerts set up. Very intriguing! I may stick to swing trading until PDT, but the problem is having tickers available to get in at the right time. Right now I have 5 of 26 that are ready to be bought. I'm loving how calm and controlled swing trading is. If it goes well this week, I'll increase to full-size.

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PocketPAT

Three of four trades were profitable this week =) . The small loss was worth a shot, but a bit risky. The best part of it was the realization that I should expand on my strategy even more. Going forward, I will only Daily Dip tickers with Market Caps between 1B-5B, between $1-$10, with Avg 5-Day Daily Vol @ 5M+ and minimum Avg 5-Day Daily Range @ 0.20 or more. I've built a new Daily Dip WL based on these parameters, which should provide stable daily profits. This is more in-line with my previously stated trading goals, but excludes the volatile tickers that I'd decided to speculatively buy into (like the small loss on TRIL today). The only Daily Dip tickers that qualify will have overall uptrending charts and will likely only move between 5-10% each day. Perfect for me, since I'll comfortably use full-size at clear support, targeting profits between $150-$350 each trade. Great examples from today would be BTG, PLUG, RRC and HMY. My goal is to use this strategy to build my account over PDT. Then, I'll not only double my position size, but I'll include swing trading, shorting, sizing in/out and multiple trades per day to exponentially grow my profits from there. Right now, it's still one shot per day. #PatienceAndPrecision

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PocketPAT

Just realized that instead of having two watchlists (Daily Dips for day trading and Long-Term Dips for swing trading), it'll be better to have just ONE list that applies for both. I've been noticing that while the Daily Dips are often more unpredictable intra-day, the LT Dips tend to have the cleanest and easiest price-action to trade. The problem though with my LT Dip tickers is that they usually have small intra-day range, providing too little intra-day profitability. This makes sense though, as they were qualified and watchlisted with the intention of swing trading them for 5-10 days. What makes them attractive is their slow-moving yet clean and predictable price-action; not to mention the fact that they rarely if ever gap down overnight within the past year. ALTHOUGH --- Quite often, there are a number of Long-Term Dip tickers that run huge intra-day. Some great examples would be PLUG, AKBA, MAXR and EXPR. These may run 10-20% within one day (often the first green day). So then, this means that these tickers are not only clean and clear, slow-moving and predictable, but they also can provide exponential intra-day price-action AND double as potential swing trades =) ... This cannot be said for tickers like CEI, FCEL, PTI and others that spike huge but are often choppy and quick to give back their gains (unsafe). I've merged the LT Dip Buy watchlist with the Daily Dips that are worthy of dual-tickerdom and this should definitely advance my strategy even further. The slower-moving tickers that run huge can provide easy profits that I'd be willing to hold all day for. They also move slowly enough to easily read the price-action reversals for micro-sized losses or easy profit-taking. All I have to do now is see which ones are running premarket, ideally on news and/or technical catalysts =) #Ninja

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