4. SHAK, Shake Shak Inc - Consumer Cyclical, Restaurants. This is my last stock in my portfolio and the only non tech stock. I initiated a 8K position at 89.10 at EMA150 but before any previous high break. It's showing a loss as of today but looking like finding support at EMA200 On the fundamental side, he's a bit like DDOG, improving quarter and ROE numbers but missing on the yearly side, still the stock looks to be rebounding from its EMA200 to keep the up trend, I should soon see a confirmation of that or not.
What does your plan call for concerning earnings anouncements? I see that your stocks all report in early August.
Portfolio Update. I Closed GCT at 29.62 today for a small profit (bought at 29.08). Despite the small profit, I'm counting this as a BE trade as it rose 18% from my buy point to just get back to my entry point. My entry was anyway bad as it was solely based on valuation instead of some breakout level. Will keep tracking it to eventually enter later. ACMR(+8%) and DDOG(+8%) are in good shape for now but volume is not there yet to help them take off... SHAK(-3%) has been negative since day one but seems now to be recovering from lows. Again, like GCT, I did not enter on breakout here and I'm paying for it, maybe the breakout could be coming in the next days...
GCT was on September but I'm out of it now anyway. For the others, it will depend on the profit buffer (if any) they show the day before.. If they are capable of progressing to 15%+, I won't touch them, below that I will certainly close or reduce DDOG and SHAK, the waker ones, I see ACMR the strongest so I could maybe be happy with less, will see...
My Trading is still unstable... I recently had a big position in GTC that I had to close because of it coming back near to my entry price and me not wanting to put myself into risk given the size. I see that when giving preference to some stocks because of some irrational beliefs, fear and irrational entries come into play and I must avoid that. Correct that. The diversification is also a concern, when I compare this real trading versus my paper trading, I see that my real trading is blocking a lot of money in a few stocks that are not progressing a lot, while in my paper trading I have the majority of stocks that are positive after a few days, some that already made very good progress and only one loss and a few in red. I think that, in between, I have progressed in my selection process which could explain the better performance of my paper trading even if it still too early to draw any conclusion but bloking that money into a few stocks while it could grow on others annoys me. With this observation I will adopt here my way of trading in paper. This means reducing my size on every trade to trade more stocks, looking at all of them neutraly waiting for them to prove if they were a good choice or not and finally having a more dynamic porfolio.
You are not looking for feedback including constructive feedback. It is perfectly OK not to seek feedback BUT Please mention that so that members will not waste our time and will not upset you with constructive feedback. You are not a sincere person. Paper Consolidation Trading Journal
I think that my instability has more to do with my inexperience than with my trading plan but that depends on what you call a trading plan... On internet, when you search for "trading plan", you get 3 pages telling you to plan from goals to education to strategy development, is it that one you talk about ? Because you find also pages that talk only about what I call the strategy, trade setup, target, risk-reward, is it not clear for me or is it not clear for a lot of people ? Regarding what I call the strategy: risk, which stocks, setups, targets, I have it clear and on paper. Regarding the plan, what I can say is that I have some chapters on paper and some others only in my mind. Maybe now is the time to write all that down so it's definitely clear in my mind and have a road map to follow.