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Daffy Trades Micro Patterns under $1

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Missed a couple of trades today.

Here is tonight's housekeeping.

 
The charts are really hopping. You can't be getting much real work done.
I could fill another portfolio with all the break-outs in the last few days.
 
peter2 said:
The charts are really hopping. You can't be getting much real work done.
I could fill another portfolio with all the break-outs in the last few days.
Click to expand...

You'd be surprised.
Delegation.
But I do miss a hell of a lot.
 
tech/a said:
You'd be surprised.
Delegation.
But I do miss a hell of a lot.
Click to expand...
Keep them coming, tech/a; your followers appreciate your expertise.
No strategy, no trader, can take advantage of every potential setup. There simply are too many at times.
(GXY, KDR, LOM ...)

But as long as a strategy, or a trader, find more winners than stop-outs, they're ahead of the game.
 
Enjoying the thread tech/a

Wondering if you intend to try catch the big trends or just happy to swing trade.

For me, the best thing about some of these smaller co's is that runners pyramid themselves. (eg SBM,BAL,BKL)
One of the few advantages over trading futs imo...
 

I guess I haven't disclosed much about why I do things in each trade.

Broadly----
The patterns are at best short term analysis so INITIALLY have short term time horizons
If price moves away quickly then I tighten stops on paper or in my thinking. Very quick spike like moves generally herald a just as quick turn around.
You'll probably have noted that (1) This gets me out early and I have missed larger moves (SBM)
I have shown a few pyramid patterns which would be seen as continuation patterns that have failed very few have gone on with it at all.
(2) What you don't see is the trades which I get out of --- with profit---which continue to fall like a rock.
I have kept a lot of these exited trades in a separate file and can post a few if interested.

For me its about a balance of Risk for Reward. In hind site it always seems that we could have done better--.

So I will keep attempting to get on that elusive pyramid ---- volatility has been both friend and foe.
Just one makes a massive difference to the bottom line.
 
Sept Clean up.

Sold at a loss.

VTX - $50
BDR - $250
CVT - $175
MOZ - $280
TNG - $400
PSY - $42
PBG - $260
AGR - $350
AQP - $143
MLD - $235

Open trades at a loss.


TAM - $256
MOZ - $39

B/E Trades

NMT
SOR
MNS
EDE
BND

Closed trades in Profit

VAH + $86
PSY + $640
SBM + $667
RAP + $640

Trades still open in profit

AMA + $75
SBM + $1200
NMT + $240
RED + $70

Brokerage


41 @ $6 = $246

Total losses including brokerage $ 2987
Total Profit including open profit. $3618
Total profit as at 30/09 Past Profit $2420 + $631 = $3051

Return on Capital

10.1%
 
Hi Tech/A and followers,

Great work keeping this thread going and always interested to see what activity is happening.

Here's a code to look up TNR, I think it might be worth looking at as a potential trade.

Risk is probably higher than you would want it to be but I manage entry risk through position sizing (so as not to risk more than 3% total portfolio value on any one trade - noting this is larger than most traders who go with 1% or 2%... I'm still a small fry trying to grow though).

It appears to have a significant base to launch from and some pretty high volume in recent times starting the upwards trend (using 30 week wma to determine this).

Interested to hear if this showed up on your scans as a potential opportunity...

Disclosure: I bought into TNR this morning based on my analysis over the weekend. Also holding TAM which is being traded in this thread.
 
Todays Ketchup



TNR----Yes I like it.
It didn't show up.
 
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