Week of December 17-21, 2018

 

Hello everyone! This is my stock recap for the last week. I’ve been much more accurate this week as I’m not overtrading and I’m building rules AND following them. I hope you enjoy! Thank you!

 

Here is what I learned from my mistakes this week!

·         Buy as close to support as you can, or wait for it to bottom.

 

NIO

Pattern: Dip Buy               Style: Overnight                Win/Lose: -1%

This was a dip-buy play that I had planned on holding overnight. Unfortunately, it didn’t hold up and dropped lower. The best part of this trade is that I NAILED the bottom of the move. Almost perfectly.

MRIN

Pattern: Momentum      Style: Day Trade/High Volume    Win/Lose: -15%

This trade hurt a lot. My notes are telling me that this was an alerted trade and that I was following the volume up. After checking the chart and watching this over the last week, the first day that I bought and lost 15% was it’s ONLY red day in 4 days. It is currently up $5-6 from where I originally bought. I lost hard on this one, but I followed the plan and I’m proud of that, at least. Buy as close to support as you can, or wait for it to bottom.

RRD

Pattern: First Green Day                Style: Overnight                Win/Lose: -3%

This trade was simple. First green day, but it had hardly any volume. I was trying to follow up this one on day two with a heavy gap and momentum higher, but it didn’t continue. My stop was tight and I followed my plan accordingly.

EYES

Pattern: Alert     Style: Oversold/Overnight           Win/Lose: -2%

I followed this alert as I was seeing potential where he was. Unfortunately, it broke through my comfort zone and I let it run away from me. It is now up 12%. Almost caught the bottom!

NBEV

Pattern: Dip-Buy               Style: Sympathy Play/Overnight                                 Win/Lose: +4%

I bought the base of this for a perfect dip-buy pattern on a sympathy play for the CBD sector. Easy money without wasting a day trade. Happy to say this is my best trade all week!

ADRO

Pattern: Dip-Buy               Style: Overnight/Catalyst              Win/Lose: +3%

This stock had recently gained massive attention overnight for some new multi-million dollar deal and I was planning on buying into a runner that moves like UXIN/MRIN did this month. It didn’t go where I wanted it to, but I still took my overnight 3% as a win here. I could’ve done much worse, honestly.

IDRA

Pattern: First Green Day                Style: Overnight/New CEO           Win/Lose: +8%

This stock did MUCH better than I had originally expected. I played this one lamely because, well, I didn’t think I could pick stocks that were going to move. It turns out I’m right more often than I think I am! This had a new CEO on the first green day in 8 days. I bought this on a doji, expecting the first green day to come next. Follow your senses! You can be profitable!