Buy High Sell Higher (Equities)

Discussion in 'Journals' started by Sekiyo, Sep 4, 2022.

  1. M.W.

    M.W.

    If you think it's not a good time to go long equities then why are you looking to go long?

     
    #11     Sep 4, 2022
  2. maxinger

    maxinger

    OP seems to be rather confused.
    That's why it is important to have a clear mind.

    when you are confused, high chance you will be making
    unwise decision.
     
    #12     Sep 5, 2022
  3. Sekiyo

    Sekiyo

    I’m looking to make money,
    By doing what I know ^^
     
    #13     Sep 5, 2022
  4. M.W.

    M.W.

    That's confusing. You stated in your early post that you believe the market to further soften. Why would you then look for long positions? Why not actually trading on the short side?

     
    #14     Sep 5, 2022
  5. Sekiyo

    Sekiyo

    Yes it’s stupid.

    There’s money to be made on the long side while in a bear market but the risk is higher and the rewards are lower.

    Most of the long only get into cash.

    I need to find and practice a short setup. I don’t want to short inconsistently on random occasions.
     
    #15     Sep 5, 2022
  6. deaddog

    deaddog

    Cash is a position. Very little downside.
    Still some stocks making new highs.
    Cut back on position size and scale into positions with a tight stop.
     
    #16     Sep 5, 2022
    Sekiyo likes this.
  7. Sekiyo

    Sekiyo

    Agree with everything you said.

    When I am in cash I pray for the stock market to crash :banghead:
    My biggest gainers have been short momentum bursts on the 65min. That’s the main setup I trade when in a broad correction.
    Size wise I risk 0.5% and buy more on higher lows if it doesn’t increase my initial risk.

    Also I should avoid buying too much at once. Better trade one or two stocks at the same time. Wait for them to be in the money, above a break even stop, before hunting for another position.

    What scares me are Gap Downs … Below stops.
     
    Last edited: Sep 5, 2022
    #17     Sep 5, 2022
  8. Thanks for the information.
     
    #18     Sep 5, 2022
    Sekiyo likes this.
  9. Sekiyo

    Sekiyo

    Stopped out of RYTM (-0.05%), AXSM (-0.23%) and BLUE (-0.01%) around open.
    RYTM_2022-09-06_22-01-56.png AXSM_2022-09-06_22-02-20.png BLUE_2022-09-06_22-02-32.png

    Some alerts triggering SOND, CRDF
    Not buying anything else at this point.

    Indexes are still bearish on the hourly, daily.

    Stopped out of GERN (-0.74%)
    GERN_2022-09-06_22-03-18.png

    Bought ISEE pullback, intraday trade on 5min (0.35%)
    ISEE_2022-09-06_22-03-50.png

    Worst day been -2.2%
    Best day been 4.1%
    Today: -2.2%

    To avoid being over exposed in an uncertain market,
    A quote from Battle for Investment Survival:

    Start with a large cash reserve;
    Begin in one issue in a small way.
    If it does not develop, close out and get back to cash.
    If it does do what is expected of it, expand your position in this one issue on a scale up.
    After, but not before, it has safely drawn away from your highest purchase price, then you might consider a second issue.


    Stopped out of VRCA (-0.35%)
    VRCA_2022-09-06_22-04-19.png

    Tough day :finger:

    For intraday trading,
    Looks more interesting to look at % Change from open.
    Because many time stocks Gap up then the volatility drops.

    It doesn't bother me to take a loss.
    But I don't want to dig too deep a hole neither.

    Open position RVPH
    RVPH_2022-09-06_22-05-25.png

    Statistics
    upload_2022-9-6_22-6-12.png

    Scoreboard
    upload_2022-9-6_22-20-27.png
     
    Last edited: Sep 6, 2022
    #19     Sep 6, 2022
  10. Sekiyo

    Sekiyo

    I am not going to post here anymore.
    For those who want to talk I have a twitter.
    @Cap3ya

    That's it.
    Sorry about it.

    Wish you all the very best !
    Stay strong.
     
    #20     Sep 7, 2022