US weekly equities trading

[Kryzz]

LW exited for +0.23r, earnings tomorrow so bumped the stop right up.

NRG had a weak close last week and hasn't started this week off great, have moved the stop up to the low of the bar I entered on. Looking to cut these pullback trades that don't move in my favour asap.

New long entered with CROX, I had an buy stops pending for this ticker and M, CROX triggered first however. M took off however.

• Remaining half parcel of ATGE closed overnight, total position closed out for +1.73R.
• NRG stopped out on Wednesday for -0.17R.
• CROX tagged previous highs last night and closed out for +0.96R.
• New breakout trade entered on Wed night, BR. (Tech sector, earnings on Aug 9.).
• SSNC made new all time highs this week, still holding moving the stop up to lock in +0.53R.

I'm 58% cash atm to give myself a bit of a buffer with so many earnings announcements currently, waiting patiently for the next ideal setup.

 

[Kryzz]

Stopped out of my BR trade last night after tanking almost 4% overnight. I'm glad I've been taking a more aggressive stance when looking to close weak trades out ASAP. I opted to move my stop up after a weak close on the breakout, the best ones should rocket straight through resistance. -0.48r

SSNC also stopped out overnight for +0.53r. Reviewing this trade, I slightly missed the entry here and had a wider stop than what I would have wanted so less of a gain.

I only have one active trade currently, SMHI. A breakout, after a shallow cup formation after holding the MA's. Very thin stock this one and with the indexes looking weak, I've bumped the stop up.

82% cash now.

 

[Kryzz]

Stopped out of my BR trade last night after tanking almost 4% overnight. I'm glad I've been taking a more aggressive stance when looking to close weak trades out ASAP. I opted to move my stop up after a weak close on the breakout, the best ones should rocket straight through resistance. -0.48r

SSNC also stopped out overnight for +0.53r. Reviewing this trade, I slightly missed the entry here and had a wider stop than what I would have wanted so less of a gain.

I only have one active trade currently, SMHI. A breakout, after a shallow cup formation after holding the MA's. Very thin stock this one and with the indexes looking weak, I've bumped the stop up.

82% cash now.

Stopped out of SMHI last night. -0.19r loss. 100% cash now.

Thought I would share this link I came across throughout the week which was a good read, by Jason Leavitt:

http://leavittbrothers.com/blog/index.php/2018/02/25/three-steps-to-epiphany/

 

[Kryzz]

Two trades I've been in since the first week of August are below. Close to 90% invested in these currently because of the tight stops initially. I guess this is where leverage would be nice, to still enter new positions in bullish conditions (whilst keeping heat at an acceptable level).

NEE.

Made a new all time high this week, utilities seem to be moving along nicely in the US at the moment, along with consumer discretionary too.



XCRA.

Semiconductor stock, was hoping a sharp move like the one out of February's consolidation could take place, breakout looking likely to fail. Have bumped the stop up to the low this week's bar. Price looks more constructive on the daily, having tagged the 50d MA and closed off its lows.

Earnings in approx one week so never anticipated to hold too long regardless.

 

[Kryzz]

Have only just seen the new 'client portal' on IB too. Looks quite interesting, provides a running % portfolio return chart on the home screen. I couldn't manage to overlay the S&P benchmark for some reason though (even after being on the phone to IB for 15mins).

Equity high was in late Jan, approx $16,400. Equity low slightly below $14,000 in April or about a 14.5% drawdown. I'll try and post the below chart every month or so for a clearer picture of how everything's tracking. Hopefully it moves up and to the right!

 

[Kryzz]

Order filled for CHGG last night, missed the entry slightly here. Small position size as a result of limited capital. Tight stop in place.

 

[MTSPort]

Hi Kryzz,
It's great to see another follow weekly trend trader. Since you are using tight stops, what would be the of R/R of the strategy?

I use wider initial stop loss but a tighter trailing stop.

 

[Kryzz]

Hi Kryzz,
It's great to see another follow weekly trend trader. Since you are using tight stops, what would be the of R/R of the strategy?

I use wider initial stop loss but a tighter trailing stop.

Hey MTSPort, sorry have been away from the screens a while now. I usually aim for a 2:1 RR.

Below are the stats I was running at before I left. Have been predominantly cash the past 5 or so weeks as it turns out. Looks like I have learned something from the big sell off at the start of this year after all.

I'll be looking at getting back into the swing of things in the next couple of weeks hopefully.