7/18/2021 Markets dip from all time highs. Sold C on Tuesday and rebought C at 68.25. Also bought WBA at 46.69. Still holding M.

Hi everyone, welcome back. Markets have started dropping this week, and my long positions are not doing very well. I expect further weakness, and futures are indicating a gap down on Monday. Either way, I’m not deviating from my original plan, so I won’t be selling unless the stocks hit my stop loss.

I sold C on Tuesday because of earnings, then rebought it at the same price I initially bought it at (68.25). My position is now 50% larger than before, with a tighter stop loss. I also had a limit order to buy WBA which I thought I cancelled, but ended up buying at 46.69 earlier last week.

I am still holding M, which has unfortunately given up most of the gains I had. I’m feeling excessively bearish again, so maybe it rebounds like it usually does when I feel this way.

C daily chart below. I got stopped out this morning at 65.5 (well below my stop loss), which resulted in a 1.4% loss to my account. In hindsight, I probably should have trimmed or sold the position on Friday to avoid a possible gap down today.

WBA daily chart below.

I’m working on fixing the disappeared logo, for whatever reason, it stopped showing up today despite me making no changes to this blog.

7/11/2021 Markets continue new all time highs. Will sell C on Tuesday, and miraculously filled at 16.5 for M. Looking to enter some more positions.

Hi everyone, welcome back.

I will be selling C on or before market close on Tuesday since earnings are Wednesday morning.

C daily chart below. The trade was working out well, but then the stock started dropping.

I entered M at 16.5 and somehow got filled completely. M daily chart below:

I will likely enter some more positions next week. Risk reward favors going short or waiting for a pullback on the indexes, so I will probably be taking some short positions sometime next week.

Have a nice week!

7/7/2021 Started a very small position in DOYU at $5.54 and have a limit order set for M at $16.5.

Hi everyone. I bought a very small position in DOYU for a long term hold in my Roth IRA. For these types of positions, I don’t use a stop loss, and manage risk by using a small size. I’ve bought a position that would lose me 1% of my total account value if the stock goes to 0. I plan to add up to 3% of my account because that’s what I’m willing to risk on this given trade.

DOYU daily chart below. I bought a 1/3 sized position at $5.54 today near market close.

I set my limit buy order (GTC) for M at $16.5. I’m going to buy this one because I feel very bearish, and the last 4-5 times I felt this way, the stock propelled higher within 2 days. This is the only stock where whenever I get a strong feeling that it will go one direction, the stock goes exactly in the opposite direction.

M daily chart below.

7/5/2021 I hope you had a nice July 4th. I will likely enter some positions next week. Still holding C.

Hi everyone, I hope you had a nice July 4th! Mine was pretty relaxing – I hung out with some friends and didn’t see the fireworks, but could hear them off in the distance.

I’m still holding C, which is experiencing a small pullback. ORCL has jumped a bit more than I hoped for. I was ready to buy some if it went lower to somewhere near 76.

C daily chart below. Earnings are in about a week (July 13th), so I will likely exit the position soon.

6/28/2021 Markets continue higher to all time highs. Sold TWTR at 63.9 for profit exit, and 7 loss streak snapped. Still holding C.

Hi everyone, I hope you had a nice weekend! I sold TWTR at my profit exit of 63.9 earlier last week, and it snapped my 7 loss streak.

TWTR daily chart below. This snaps my 7 trade losing spree.

C daily chart below. I’m still holding and the trade is working out better than anticipated. The position is already quite large, but I might add more on the next small pullback and raise my stop loss.

Since I have a lot of cash available to trade right now (only position is C), I might enter a long position in NTES, LUV, or ORCL sometime next week. NTES and LUV showed up on my stock screener this week, while ORCL has had a small pullback after earnings again.

6/21/2021 Stopped out of HPQ, TJX, and CAT. Entered a long position in C on Friday at 68.25. Loss streak at 7.

Hi everyone. I hope you had a nice week.

I had a nice week – I hung out with some friends and played some poker at a local casino this week. My job search is going poorly so I’m brainstorming ideas to reopen a company similar to one I previously started.

Back to stocks. My current loss streak extends to 7 after I got stopped out of 3 positions this week. Luckily risk was managed properly, so I’m only down about 4% after these 7 trades. The reason I’m not down closer to 7% is because TWTR stock is still doing pretty well.

I entered C (Citigroup bank) at 68.25 on Friday. It’s had a nasty 12 down days in a row, but still remains in a longer term uptrend. I expect the price to resume it’s uptrend within a week or it will likely continue rapidly declining, in which case I’ll be stopped out.

C daily stock below. I successfully traded the pullback in January this year, and this drop feels somewhat similar. The risk to reward is about 1 to 3. Will this be my 8th loss in a row or will I get a win here? Let’s see what next week brings.

6/15/2021 Sold half of TJX position at a small loss to buy a half position (0.5% risk) in CAT.

Hi everyone. I decided to buy CAT at market close today, but needed to sell something to free up funds to make the purchase.

I chose to sell half of my TJX position because it was doing the worst out of the other positions. Since I’m using a tight stop loss on CAT and want the ability to reenter if I get whipsawed, I only bought a half sized position.

TJX daily chart below. I entered at 66, 9 trading days ago, and sold half of the position at 65.4 today for a small loss (~0.1% of account).

CAT daily chart below. Notice the buying pressure from the 215-218 range the last couple days. I don’t think this trade will take very long to play out (<1 month), and I expect to get stopped out quickly if I get stopped out. If I get stopped out, I lose 0.5% of my total account value.

6/13/2021 Stopped out of NIO short position this week at 43.5, and no change to other positions. Looking at CAT and DE for going long.

Hi everyone, welcome back. I hope you had a nice weekend!

This week I got stopped out of NIO for a 0.5% loss to my total account value. It took a bit longer to lose money on the trade than with the XPEV short, which is somewhat useful information for the future. Maybe it’s better to short the weaker looking stock (between XPEV and NIO) rather than the one that looks strong because momentum tends to carry prices further than anticipated.

NIO daily chart below. This adds to my current loss streak of trades (4), which is uncomfortable, but isn’t something that is unexpected. My worst loss streak since I started trading is 11 losses in a row, which ended with 16 losses out of 17 trades. Luckily, I’m doing a good job of managing risk, so the drawdown to my account isn’t as bad as it could be.

I’m still holding HPQ, TJX, and TWTR long positions, although TJX is behaving worse than anticipated. I am learning not to interfere with the original plan, so I will avoid making changes to these positions.

Some new stocks that passed my stock screener this week are CAT and DE. These stocks are highly correlated, so if I went long, I’d either do a half sized position in each (like with NIO and XPEV), or a full sized position in just one.

CAT stock below. Entering long at or slightly below current prices with a stop loss around the 205-210 range presents a decent opportunity if we plan to sell in the mid to high 240s. The last 4 pullbacks after a new high were never this large, so this could be the start of a trend reversal.

DE daily chart below. The chart looks similar to CAT, but the drop isn’t as violent.

Let’s see what happens next week. Volatility on the indexes has been quite low, so I don’t expect many large swings.

6/5/2021 Stopped out of XPEV short this week. Still holding TWTR, TJX, and HPQ long, and NIO short. Indexes near all-time highs.

Hi everyone, I added some positions this week, and got stopped out of my XPEV short position one day after entering.

XPEV daily chart below. XPEV was a half sized short position, and I’m still holding a half sized short position on NIO.

TWTR daily chart below. It had a nice upside move on Friday (following the QQQ), and my original plan is still in place.

TJX daily chart below. I entered at 66 on Wednesday, and it looks like it’s bottoming here.

HPQ daily chart below. The stock has moved up a decent amount since my entry, and usually these are the trades that work out the best for me. I haven’t decided if I want to sell a little before my profit exit (at 32) or hold for my greedy profit exit at 33.

SPY daily chart below. I’m neutral / bearish here on the index, but will still hold my swing positions long. Let’s see what happens next week.

6/2/2021 Went long TJX at 65.98 and HPQ at 29.78. Shorted half sized position in NIO at 41.16 and XPEV at 35. All positions were market on close orders.

Hi everyone, I took four new positions at market close today. I’ve been looking at HPQ, and decided to take a stab at it today. I also went long on TJX, and shorted a half sized position on NIO and XPEV. NIO and XPEV move together, so I shorted half for each stock.

HPQ daily chart below. Original profit exit was the gap fill at 32, but I decided to change it to 33. I expect to hold the trade for 1 to 15 trading days.

TJX daily chart below. I feel scared entering long here, but the risk reward is good and the stock tends to reverse after a pullback this size. This trade will likely take longer than HPQ to play out, especially if I don’t get stopped out right away.

NIO daily chart below. I took a half sized long position, and I’m not very confident that this and the XPEV trade will work out, but let’s see what happens.

XPEV daily chart below. I’m risking 2 dollars per share to make 8, so I need to be right 1 in 5 times to break even.

Thanks for reading, and I hope the rest of your week goes well.