swing-day trading US stocks

Discussion in 'Journals' started by ivica, Jul 16, 2006.

  1. ivica

    ivica

    Watch list for 05/07/2007
    Watch ideas:

    Long:
    http://www.ivicacharts.com/diagrams/2007/05072007oi.jpg http://www.ivicacharts.com/diagrams/2007/05072007beav.jpg http://www.ivicacharts.com/diagrams/2007/05072007linta.jpg http://www.ivicacharts.com/diagrams/2007/05072007abm.jpg

    Short:
    http://www.ivicacharts.com/diagrams/2007/05072007ati.jpg http://www.ivicacharts.com/diagrams/2007/05072007lpx.jpg


    Tracking records history:
    http://www.ivicacharts.com/diagrams/2006/dwl072006.htm - for July
    http://www.ivicacharts.com/diagrams/2006/dwl082006.htm - for August
    http://www.ivicacharts.com/diagrams/2006/dwl092006.htm - for September
    http://www.ivicacharts.com/diagrams/2006/dwl102006.htm - for October
    http://www.ivicacharts.com/diagrams/2006/dwl112006.htm - for November
    http://www.ivicacharts.com/diagrams/2006/dwl122006.htm - for December
    http://www.ivicacharts.com/diagrams/2007/dwl012007.htm - for January
    http://www.ivicacharts.com/diagrams/2007/dwl022007.htm - for February
    http://www.ivicacharts.com/diagrams/2007/dwl032007.htm - for March
    http://www.ivicacharts.com/diagrams/2007/dwl042007.htm - for April
    http://www.ivicacharts.com/diagrams/2007/dwl052007.htm - for May

    Good luck trading today!!!!
    Ivica Juracic
     
    #291     May 6, 2007
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  2. Karla.F

    Karla.F

    hello ivica,

    i hope you don't mind that i write into this thread. but i have just now discovered this.
    really amazing what you are doing here. thanks.

    i have a question about one of your watch ideas: linta.
    it closed friday near the top, so there is a very high probability that linta goes above the high from friday.
    is this enough for you, that will you enter the trade?
    i assume the two rising sma's 10 and 20 are enough confirmation for you?

    i have a similar trading approach but i fail very often to anticipate the move before the breakout occur.
    that's what i try to work on.

    many thanks and sorry for my english, also not the 1st language

    karla
     
    #292     May 7, 2007
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  3. ivica

    ivica

    Thanks Karla,

    Yes, above Friday high will be enough for LINTA. In addition, I like weekly chart for LINTA, you can see continuation pattern there. That is another trading plan possibility; above last week high, stop under last week low. I use several time frames for my trading plan, and the weekly chart is good opportunity.

    Hope this help.
    Ragrads
    Ivica
     
    #293     May 7, 2007
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  4. ivica

    ivica

    #294     May 8, 2007
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  5. ivica

    ivica

    #295     May 10, 2007
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  6. ivica

    ivica

    Hello,

    I notice that lot’s of traders look success over percent gain in trade what have. I like to show one example what had last week and like to explain why I think that is not 100% correct.
    For me main measure is risk/reward result. Those who follow this journal know that my first language is not English and I hope that will not be problem.
    Example: lets say that I bought XYZ at $10 per share and I sold it at $11 per share. That is nice result, 10% and sounds great. However, for me important is how much risk I took on that trade. I think that every serious trader must have completely trading plan before will take any trade. That means entry, stop and possible target area. Of course target area is always questionable because depend on market and stock action after entry. Let’s back on example. If my stop was under $9 that mean s I risk $1 and got $1 gain and in that case risk/reward = 1.
    From my experience with that risk/reward, you will very hard be successful trader and that is what all we want to be. Because of that, I always look for bigger reward then my risk. I can’t go dipper in that problem because I will need a lot of space to explain that here but I hope you all understand my point. Point is that good risk/reward trade will cover several negative trades and at the end that results with profit every month when we count our results.

    Here is one live example what we had last week.
    I bought AAPL at 05/07/2007. Entry price was 101.45 and stop was under 101. On entry chart you can see nice 60 min triangle. Triangle came after strong move up and gave us nice risk amount for move what we could get.
    http://www.ivicacharts.com/diagrams/2007/05072007aapl.jpg AAPL entry chart

    That was swing trade, because most of 60 min chart setups finish as swing trades and need several days to develop and see area what we like to see. With AAPL move up I was trail stop and I closed AAPL last Friday at 106.95. After touched 108 area I trail stop under 20sma on the 15 min chart and that was under 107. I didn’t want risk great reward what I already had.
    Here is exit chart for AAPL.
    http://www.ivicacharts.com/diagrams/2007/05112007aapl.jpg AAPL exit chart

    Results are: with $0.45 risk, I got $5.50 gain and that mean risk/reward=12.22. That mean AAPL will cover 12 negative trades if I will use same risk in that trades. Of course, we can’t always count on that great reward but most of trades are above risk what I use and at the end that result with profit, what can see on tracking records what I post here in journal.

    Hope you all understand what my point with this explanation was and if anyone will have any question feel free to ask.

    Good luck
    Ivica
     
    #296     May 12, 2007
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  7. ivica

    ivica

    #297     May 14, 2007
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  8. ivica

    ivica

    #298     May 15, 2007
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  9. ivica

    ivica

    #299     May 19, 2007
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  10. ivica

    ivica

    #300     May 21, 2007
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