thanks srm88!
For entries as I mentioned the above are mostly IPO's where there isn't an "entry" per se, just broker allocation. For my strategy when it comes to buying and selling stocks already on the market, look at my other "paper trading" journal, which I started specifically because I...
Hi Sean!
You are totally right, I forgot to mention this, for IPO's my checklist for participation is
MUST preferably BE A UNICORN! ( some articles must mention it’s a unicorn)
Invest on the last days
must have positive articles via google search
must have positive articles on seekingalpha...
after an initial period where I was up around 600 usd, now down around 300.
I'm wondering if the weekly+daily macd works on shorter timeframes with tighter stops.
speaking of which, are people actually reading this stuff or am I talking to myself?
RACE
Buy
31
fill 202.23
target 255.70
stop 134.70
- as you can see it's a 1:1 profit/loss thing, setting my stop "loose" beyond 2 levels of major resistance, including the diagonal channel one and the horizontal one ( thick blue line)
weekly macd isn't perfect, but all else seems good
UPST
Entry ( Entered during IPO )
Exit - exited today @ 165.1, the prices were just too crazy.
I know this isn't a valid reason, but the lockup just expired a few days back, and usually after that there is a large pump and dump, and here the only real stop would have been below the 100 level...
Entered AIM @2.44, stop @1.91, take profit @2.81 with the Daily+Weekly MACD strategy
Slight divergence from my regular strategy since usually I trade 15$> stocks, this is closer to a penny stock but it's movements don't seem too unreasonable when using a wide enough stop
Looking back at...
Entered AMGN @ 242.88, [email protected], take profit @ 253.95, strategy DailyWeeklyMACD
Closed AIZ with a loss of 22$, since I'm focusing more on the daily+weekly MACD and also that stock was looking like it was going to go down
Added AAT @ 34.85 stop at 30.33 using the Double MACD strategy
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Closed AAT with a profit of +18$ , seems the trend was getting ready to revert to the SMA200 so I exited while I could
good thing I exited, it really went down as I predicted!