Idiot-Proof Trend Following Journal (Paper trading)

[yurtrader]

Hi Guys!
I've had on and off experience with stocks, and am not deciding to keep it boring n' simple, not of that fancy stuff.
Here I will attempt to trade using methods from the Trend Following Bible.
Every time I will have doubts and decide to do fancy stuff, the image below will keep me motivated.

Strategies:

--[TFB ( Trend Following Bible)]--

BIV	Financial	-63.00 possible reason: improper stop loss, didn't bother charting. Stock ended up doing what I predicted after the whiplash, set 2-distance-level stops
LEA	Consumer Cyclical	OPEN

--[DailyWeeklyMACD ( MACD should cross the zero line on both daily and weekly)]--

AAT	Real Estate	+18 ( should have looked at the recurring stock pattern)
AIZ	Financial	-22 ( stock didn't move much and I felt it'd go down)
AMGN	Healthcare	OPEN
AIM	Biotechnology	OPEN
CRNX	Healthcare	OPEN

Conditions for trading:

• MACD above the zero line and increasing ( or the opposite for shorts)
• trade larger companies
• use trend lines n stuff
• do not enter if earnings are nearing
• do not risk >1% per trade

Disclaimer: This is not financial advice, just entertainment, consult your financial adviser yada yada.
This is a paper trading account for now. Starting amount 100K


LONG SCANNER for TFB ( Trend Following Bible) Strategy:

Stock Screener - Charts buybetter o15 o15 pos o15 u2 o300 o15 nh

Stock screener for investors and traders, financial visualizations.

finviz.com

SHORT SCANNER for TFB ( Trend Following Bible) Strategy:

Stock Screener - Charts o300 o15 nl

Stock screener for investors and traders, financial visualizations.

finviz.com

MACD ZEROLINE SCANNER BULLISH
https://www.marketinout.com/stock-s...rossed_above_zero&picker=macd&technicals=9553


MACD ZEROLINE SCANNER BEARISH
https://www.marketinout.com/stock-s...rossed_below_zero&picker=macd&technicals=9573

google sheets risk calculator

Google Sheets: Sign-in

Access Google Sheets with a personal Google account or Google Workspace account (for business use).

docs.google.com

Stockcharts Template: https://schrts.co/VUvWiYjG

 

[yurtrader]

EDIT: moved the initial moves to the second post to keep the 1st post tidy

LEAR​

LONG
ENTRY: 180.24
STOP: 157

BIV​

SHORT
ENTRY: 88.93
BUY STOP: 89.53

so far having a slight profit overall

To make Things interesting, I am testing a second method variant with a double MACD crossover ( on daily, weekly charts ), here is an ideal bearish example:

my first trade using this method is AIZ - weekly is not ideal but whatevs,
the scanner I found for MACD zero crossovers is here:

MACD(12,26,9) Crossed Below Zero Stock Screener

List of stocks matched MACD(12,26,9) Crossed Below Zero stock screen criteria

www.marketinout.com

 

[yurtrader]

got stopped out of BIV with a loss of -63.00
looking back at the chart, I guess I should have expected this amount of whiplash

 

[yurtrader]

Added AAT @ 34.85 stop at 30.33 using the Double MACD strategy

------------------------------------

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!

 

[yurtrader]

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

 

[yurtrader]

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 the progress of BIV, which I shorted and got stopped out of, it ended up going down exactly as predicted - lessons learned: place stops after at least 2 "barriers" (2nd previous high/low, SMA, etc)

 

[yurtrader]

AEHL
Entry @3.44, stop @1.91, take profit @4.86

 

[yurtrader]

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

 

[yurtrader]

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?

 

[yurtrader]

so far no big changes

 

[yurtrader]

CRNX

entered CRNX

Buy

qty 150

entry price 16.47

profit 22.59

stop 9.24

 

[yurtrader]

no buys/sells, looking good so far

 

[mpups]

Hi, what company is your demo with please? I like the Trading View charts

 

[srm888]

wow there is a lot going on here, so many oscillators lol I know a lot of traders use moving averages, but im my opinion these can give very delayed indications. quite often you would have missed a big chunk of the move before you recognised it.

I highly recommend simplifying your trading

 

[GeorgePapazov]

Hi Guys!
I've had on and off experience with stocks, and am not deciding to keep it boring n' simple, not of that fancy stuff.
Here I will attempt to trade using methods from the Trend Following Bible.
Every time I will have doubts and decide to do fancy stuff, the image below will keep me motivated.


View attachment 297482
Strategies:

--[TFB ( Trend Following Bible)]--

BIV	Financial	-63.00 possible reason: improper stop loss, didn't bother charting. Stock ended up doing what I predicted after the whiplash, set 2-distance-level stops
LEA	Consumer Cyclical	OPEN

--[DailyWeeklyMACD ( MACD should cross the zero line on both daily and weekly)]--

AAT	Real Estate	+18 ( should have looked at the recurring stock pattern)
AIZ	Financial	-22 ( stock didn't move much and I felt it'd go down)
AMGN	Healthcare	OPEN
AIM	Biotechnology	OPEN
CRNX	Healthcare	OPEN

Conditions for trading:

• MACD above the zero line and increasing ( or the opposite for shorts)
• trade larger companies
• use trend lines n stuff
• do not enter if earnings are nearing
• do not risk >1% per trade

Disclaimer: This is not financial advice, just entertainment, consult your financial adviser yada yada.
This is a paper trading account for now. Starting amount 100K


LONG SCANNER for TFB ( Trend Following Bible) Strategy:

Stock Screener - Charts buybetter o15 o15 pos o15 u2 o300 o15 nh

Stock screener for investors and traders, financial visualizations.

finviz.com

SHORT SCANNER for TFB ( Trend Following Bible) Strategy:

Stock Screener - Charts o300 o15 nl

Stock screener for investors and traders, financial visualizations.

finviz.com

MACD ZEROLINE SCANNER BULLISH
https://www.marketinout.com/stock-s...rossed_above_zero&picker=macd&technicals=9553


MACD ZEROLINE SCANNER BEARISH
https://www.marketinout.com/stock-s...rossed_below_zero&picker=macd&technicals=9573

google sheets risk calculator

Google Sheets: Sign-in

Access Google Sheets with a personal Google account or Google Workspace account (for business use).

docs.google.com

Stockcharts Template: https://schrts.co/VUvWiYjG

Really helpful article. I loved itt.