Brazilian stocks journal

Santiago Rodrigo

Junior member
Messages
13
Likes
0
Hello all,

This is my first post here.
Let me introduce myself first.
As you can see from the title of my post, I´m a brazilian guy who has been in markets(brazilian markets) for at least 5 years. I´m 40 years old and I planning to quit my job and become a full time trader.
My experience from the market is to buy and hold, but now my plan is to become a day trader.
I´ve been reading T2W forums and articles a lot, also some books about trading.
Now that I have a trading plan and a set up I´ll start some paper trading first.
The goal of this thread is to get some feed backs from more experienced guys and once i´m profitble on paper I´ll swittiching paper to real trade carefully.
I´ll be posting some charts of the trades I would be taking and also the results of this trades. In this charts I pretend to explain my set up.

Any sugestion or feed back will be welcome.

Ps. As english is not my mother language, I apollogize for gramatical errors
 
Market are just about to open and this is the picture of the stock I pretend to trade most
 

Attachments

  • OGX PETROLEO ON NM_60min.png
    OGX PETROLEO ON NM_60min.png
    29.8 KB · Views: 211
So, as market opened gaping down I took this trade:

buy 2.000 shares at 14,93.
Stop loss 14,87
Target when it fills the gap or close to it
 

Attachments

  • OGX PETROLEO ON NM_5min.png
    OGX PETROLEO ON NM_5min.png
    20.5 KB · Views: 171
Still on the trade. My plan is to take another 1.000 shares if price goes above 14,98
 

Attachments

  • OGX PETROLEO ON NM_5min.png
    OGX PETROLEO ON NM_5min.png
    20.8 KB · Views: 163
ops...stopped out!!!

the questions is:

Would you take this trade????
 

Attachments

  • OGX PETROLEO ON NM_5min.png
    OGX PETROLEO ON NM_5min.png
    20.9 KB · Views: 177
Don't stay in a trade if an important economic number, such as the ISM Services Index, is about to come out.
 
Yes, perhaps. But your trade was an intraday trade, no? Moody's had already downgraded Portuguese debt several hours ago, so that shouldn't have had much of an effect on your trade. What happened was that at 10am ET, U.S. ISM Services data came out weaker than expected and that dropped the U.S. markets. That likely is the reason why your stock suddenly collapsed and you got stopped out.
 
Same stock different TF.
Looks like a good trade for going long

I´m in

buy 3.000 shares at 14,86
Stop below suport 14,77
 

Attachments

  • OGX PETROLEO ON NM_60min.png
    OGX PETROLEO ON NM_60min.png
    26.4 KB · Views: 176
So its enough for today.
Made 2 trades

1) 2.000 x -0,06=-120,00
2)3.000 x 0,04=120,00

I end the day in the break even minus comission, a very small loss.
I hope i´ll do better tomorrow!!!
 
Top