Previous live ASX trading threads seemed to gather some strong interest. If this one also gains strong momentum (pardon the pun) I will keep it running for a while.
Having not traded a single share in approximately 9 months I am back trading end of day.
The main consideration is the position of the XAO which appears that it might have some upside potential. This is a basic filter that I use when deciding whether to be active in the market.
I have also noticed a number of stocks forming setups which are of interest to me. This, combined with the XAO has prompted me to re-enter the market.
In this thread I will be posting live setups (without the code) and then revealing the code 1 week after the setup is triggered.
I will be using a hypothetical $50,000 trading account with 1% risk of $500 per trade.
I will also be assuming that I can leverage at 2:1 under a company name (in order to increase exposure).
Having not traded stocks for a while I am taking a bit of a punt posting live trades, however as with everything I've posted on ASF, I am to show people the thought process or trading in real time. Whether or not this exercise proves to be successful remains to be seen.
Wish me luck
p.s. I will add in a couple of setups I posted in the other thread and have already taken in my live account.