Brazilian stocks journal

[Santiago Rodrigo]

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

 

[Santiago Rodrigo]

Market are just about to open and this is the picture of the stock I pretend to trade most

 

[Santiago Rodrigo]

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

 

[Santiago Rodrigo]

Still on the trade. My plan is to take another 1.000 shares if price goes above 14,98

 

[Santiago Rodrigo]

ops...stopped out!!!

the questions is:

Would you take this trade????

 

[amit1986]

Don't stay in a trade if an important economic number, such as the ISM Services Index, is about to come out.

 

[Santiago Rodrigo]

Hey Amit, thanks for the reply.

It seens like Moodys Portugal rating downgrade has afected all markets too

 

[amit1986]

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.

 

[Santiago Rodrigo]

yeah, I´m trading 15´and 5´charts. What TF do you use?

 

[Santiago Rodrigo]

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

 

[amit1986]

yeah, I´m trading 15´and 5´charts. What TF do you use?

I alternate between the 1-minute, 3-minute, and sometimes, the 5-minute.

 

[Santiago Rodrigo]

Trade is doing good. Moved stop to 14,90

 

[Santiago Rodrigo]

stopped at 14,90.
4cents profit x 3.000
small one but its ok

 

[Santiago Rodrigo]

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!!!