Position trading stocks

This is a discussion on Position trading stocks within the Trading Journals forums, part of the Reception category; No new trades this week...

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Old Jul 8, 2017, 11:45pm   #46
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Chartsy started this thread No new trades this week
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Old Jul 9, 2017, 12:55pm   #47
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Chartsy started this thread Should mention I'm keeping the limit order on FOXF open (buy @35)
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Old Jul 9, 2017, 10:53pm   #48
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Chartsy started this thread Are there any stock trend traders around ? It would be nice to talk stocks and long term trades with some folks if anyone wants to give me a buzz
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Old Jul 15, 2017, 1:02am   #49
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Chartsy started this thread Cancelling limit order on FOXF

two new orders

Long CCE buy limit 42 stop 40.70

Long ADX buy limit 14.55 stop 14.30
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Old Jul 15, 2017, 1:05am   #50
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Chartsy started this thread Adx:
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Old Jul 15, 2017, 1:10am   #51
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Chartsy started this thread Closed IR + 0.1%

+1.53% cumulative return
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Old Jul 15, 2017, 1:12am   #52
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Chartsy started this thread One last trade , bought A at market close 61.52 stop 60
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Old Jul 15, 2017, 2:13am   #53
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Hi Chartsy,

I see that both ADX and A are on the cusp of hitting their all times high.
"ADX" @ 1500 in March 2015 and "A" has just broken its all time high of 1511 on March 2015.

My question is, do you consider the all time high as a potential resistance point, and a potential risk when entering so close to it.

Kind Regards
Jason
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Old Jul 15, 2017, 2:18am   #54
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Originally Posted by Chartsy View Post
Hey, I use two very short term EMAs for entry and exit , other than that it's just a matter of flicking through a couple thousand charts and finding those few which look good !
You should be able to speed up that process by using a stock screener formatted by indicators.
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Old Jul 15, 2017, 2:21am   #55
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Originally Posted by Chartsy View Post
4/5 of the stocks so far have taken off without filling my limit order. I will wait to see how the week closes out. I got 'filled' on MASI at today's open price, which was 98.68, but let's assume slight slippage so a fill of 98.72.

The strategy sometimes involves a trailing entry, but it just depends on how far the breakout travels, too far and i'll pull the limit order out .
You could switch to a stop order?

Last edited by Jason101; Jul 15, 2017 at 2:27am.
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Old Jul 15, 2017, 2:23am   #56
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What is your definition of tanked? See the picture below .
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Old Jul 15, 2017, 2:29am   #57
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New update to my risk profile : I will only have a maximum of four positions open at once , so 4% portfolio risk (assuming a perfect entry and exit of course , which is a big contingency)
What prompted this?
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Old Jul 15, 2017, 6:52am   #58
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Chartsy started this thread
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Originally Posted by Jason101 View Post
Hi Chartsy,

I see that both ADX and A are on the cusp of hitting their all times high.
"ADX" @ 1500 in March 2015 and "A" has just broken its all time high of 1511 on March 2015.

My question is, do you consider the all time high as a potential resistance point, and a potential risk when entering so close to it.

Kind Regards

Jason
Hey mate , yeh if I'm honest an all time high is definitely potential resistance , but in this case the high is so far away it almost seems irrelevant. Of course it still holds weight and I will cut the trade if the weekly prints a fakeout of the level.

As for A (Agilent technologies ) I think you're looking at a different stock maybe as it appears to be at 60 odd lols.
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Old Jul 15, 2017, 6:57am   #59
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What prompted this?
To my surprise , when it should have been obvious really , I found stocks do move pretty much in tandem with the overall index.

Of course certain stocks in certain sectors with certain patterns do offer more potential than a buy and hold imo but to up the risk to more than 4% would simply be taking on more than 4 stock trades at once , which I don't really find necessary .

Basically just a personal risk cap and cap on the number of trades I feel I can manage effectively
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Old Jul 15, 2017, 7:05am   #60
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Originally Posted by Jason101 View Post
You could switch to a stop order?
True , but using a buy stop order means opening up to potential slippage which would skew the risk reward negatively and make it difficult to manage . Imagine placing a buy stop for a stock at $10 , stop $9, assuming a clean fill a risk of $1 per share .

Imagine a weekend gap to $11 per share which automatically fills and now you have $2 per share risk which is much worse .

Of course I could use a buy-stop limit order to minimise this , but generally I just think it's easier to use a normal limit order , especially given I am entering on a pullback to an Ema
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