TUGS Breakout Trade

Bought it 2.83 (11-2-17)..why? the answer is ATH( All time High) and yes its a little bit late but I'm Predicting it will burst after the breakout and it did.

If you check the intraday chart.. Best entry for me was the breakout on darvas box and first tp was 1.69, since I didnt expect it to breakout that day and my bias on the stock is not that good already.

And TADAH! it broke and consolidate above the 1.69 price level and there's another good sign to enter the market if you didn't ride the first two darvas. btw still don't have a share on that specific level since I'm a bit late checking the chart due to work haha.

Now, the plan after the breakout.. the TP1 & TP2 are based on the fib level since there's no resistance above considering its the ATH already.. but I placed my sell order at 3.0 why? I saw those padding on that level was a little bit high considering its a psycho level of resistance.. Gain is still gain even though I didn't maximize the profit right? 😀

As of now it sits on the previous resistance level which is good 😃 if it consolidate on that level nxt week.. We may see a follow through.

CPM Failed Trade Part 2

Here I go again with this CPM trade haha..😆
I place my Buy order during morning at 1.68 (mini darvas support) predicting that it will consolidate above after the breakout..
okay lets fast forward the time...   after seeing the price that was way way far at my ask price before 3pm I didn't expect that 1.68 will be touched, then after I check again during eod, I was surprised that red scary candle was the closing price of that day

okay here's the plan...
(1) I bought CPM at 1.68 expecting to consolidate above the previous resistance.
(2) Cutloss is below 1.65
(3) Considering there's no resistance above I'm using fibb extension as my tp.

Update..

Another failed trade.. sad 😞 
just sold @ 1.64 as planned.

I need to study more to know when the breakout was a bull trap or not..
Sometimes volume as my confirmation is not enough to verify that the breakout will continue..

Watchlist : Week 2

Last week wathclist update:

$CPM
Currently consolidating above the recent resistance turned support.

                  

                 Before

After

$SSI
Since support was break.. nxt plan is to trade on its bounce

                 

                    Before

After

$RLT

Need to consolidate above the recent resistance turned support to give pressure to break MA100

                                    

Before

After

$CPG

Still on consolidation period.. waiting to break RSI50

                                    

Before

After

.............

Addition to watchlist

$TECH

Reasons to Buy

(1) Bounce at MA20 which is a good support during this uptrend

(2) Consolidating above its previous resistance

Reason to Sell

(3) If it breaks the previous resistance turned into support

$MAC

Reasons to Buy/Sell is almost same with  $TECH

RLT Trade

Bought RLT @ 0.50 hoping that will hold that level but it broke below that day

 Reasons of buying:

(1) Above Darvas midpoint (but the price broke down, an hour after i bought)

(2) MA20 support

(3) RSI support @ 43 (must not break below 0.49)

Strategy will sell if broke below 0.49. Why? Predicting the price will broke the resistance level if it broke below that price and 1 TP will be the top of Darvas box

Ok here's the update of my trade 😁

I've sold everything at 0.54 at the eod since this was my original plan 👌
why I sold everything? there is a sentence that boss Kidlat said on one of his video, the thought is something like this "Iisa lang trabaho nung resistance, yun ay magresist lang", so if it breaks above the 0.54 and stays above it.. I'll try to find a good entry to buy back but as long as the price keeps bouncing on that value, I'll keep my tp on that level 😅

WatchList : Week 1

 Disclaimer :
This Watchlist are based on my personal opinion/perspective and Intended for studying purposes only. The sole purpose of this is to track my batting rate for stock picking.

$CPM
Reasons to Buy
(1) As long as your Ally (Trendline) is in your favor, you're in a good hand.
(2) Staying above of the wireline (Darvas midline) means you're on the right track.
(3) Span of travel: 1-2weeks

Reasons to Sell
(4) If you fall into the wireline, you can SLICE your way through your ally to support you but if he failed and drop you below, don't hesitate to CUT all your belongings and put it on safety.

$SSI
Reasons to Buy
(1)Above MA100 means you are in the right track of your journey.
(2) The Final Boss used to be your mortal enemy and after his drastic defeat in you, now using his full power supporting you to push through the Gateway of Freedom.

Reasons to Sell
(3) But don't be too furious and put all your trust in him because enemies turned into allies can change heart immediately to pull you down. If that happens and backstab you, prepare to CUT all you are holding. Since his power can bring you from the start of the game, its better to be safe than sorry.

$RLT
Seeing those Powerpuf girls getting near me, gives me the heebie jeebies 😻

Reasons to Buy
(1) I'm still above and walking through the wireline (Darvas midline).
(2) BLOSSOM and BUTTERCUP supports me at the bottom not to fall to those spikes beneath me.

Resons to Sell
(3) Wireline, BLOSSOM and BUTTERCUP fails to support (0.49) me on this quest
(4) and if I fall, there's a chance that I  will drop to the trampoline (Darvas box bottom-0.46), bounce back to wireline and climb to the top.
(5) If I didn't fall onto the trampoline ? 😖 hasta la vista..

$CPG
As of now you're outside the wall (RSI50) and you're first goal is to pass through and to stay inside.
It's the safest place on earth where there is no Titan... as for now.

The Bad Trades

After those winning trades I also have these bad trades that needed to be decipher to increase my batting rate in trading.

Let's start with CPM

I bought CPM at the price of 1.55 last 10/10/17 for a reasons of it was already consolidating at the top of Darvas Box midpoint which was 1.52, AOTS, MA's was spread out widely that means uptrend is still intact and my cut loss point was below 1.50. The padding that time at 1.50 was thick so I was confident that I won't sell that day but unexpected thing happened next , those volume at 1.50 was gone, so I panic and immediately sell the shares that I currently have (fyi, I don't have big buying power so I can easily sell my position) and yes my plan was to SELL BELOW 1.50 but got scared to lose more so once I see those volume was gone I immediately sell but my mistake was I didn't stick to the current plan.

After pressing the sell button, the price goes up...

Na-whip saw yung bata.. 😳

As of now bullish pa din sya para sakin and the strend is still intact.. when the time is right I'll try to buy back

Next losing trade was ALCO

Bought @ 1.05

Reasons for Buying:

(1) Gliidng at MA50

(2) RSI support at 46.55 but if it breaks below I will sell immediately

Issues regarding for Buying this stock

(1) Below MA20 which was a good resistance during its downtrend

(2) Below MA100

(3) Below midpoint of Darvas Box

(4) Revenge Trading Mindset "Dahil na-whipsaw ako sa CPM.. Babawi ako!!"  that moment I decided to put 70% of my port in this stock without reviewing deeply if it will suit on my criteria. 

 After pressing the buy button.. wth am I doing.. got dominated again by emotion.. 😭 

......

The price drops below the Darvas box and it broke the RSI support level and the rest was history..

The FOMO

I got this mental or emotional strain called FOMO and most of the time it affects my decision making in trading.

Fear of missing out or FOMO is "a pervasive apprehension that others might be having rewarding experiences from which one is absent" -https://en.wikipedia.org

Yesterday I bought WPI at 1.02 and of course you will ask me why right?  because the trend is currently or having those signs that is going to reverse. Bought it because I smell bounce play that time.

Once the price go below that Blue Line (MA100), there's a big chance that the trend will going to reverse. The ZF Tribe called it iZS (inverted Zues Trike if I remember it right 😅) and btw I'm not affiliated with the tribe. I'm just a big fan of Boss Zee.

Return to the topic, if you observe the trend carefully and when you see those MA's na widely spread out that they can't even touch each other, for sure the trend is strong.

Try to read Boss Zee blog for further info how to use MA's.

 http://zeefreaks.blogspot.sg/2011/09/moving-averages-and-patintero.html

Off topic na ko, back to WPI Trade.. I predicted the bounce based on this criteria (Don't trust a Newbie 😄 nag-aaral pa din ako ng bounce haha)

(1) First possible support is1.00(Psycological Support)

(2) If the psyco supp is broken the nxt candidate for bounce is 0.95(which is the 78.6% of fbb. This level of fibb is best for bounce plays).

As of yesterday, It bounce sa 0.95 price level and I bought at 1.02 when I saw its building support during Intraday (3mins).

My plan was to sell when it touches the MA100 (TP1) and if the trend is still intact, sell as it touches previous support that may turn to resistance at 1.14.

and the Day 2 of bounce has come, it touch my first TP and I saw the trend has been stopped out when it touches the MA100 at 1.12. I can sell during that moment but since I have this emotional problem of FOMO i got stun and hoping it will go till 1.14 which is my TP2.

I know to myself that this is the possible end of the bounce but I'm still hoping that what if, it gets higher. 😐

The problem was, I have a Plan to execute and it already give me the signs that the time is right at that moment. But the issue was..... I was HOPING which is bad in trading.. why I am Hoping? because of GREED... Greed to have more gain even I know that the end of line is near... The root cause of those two word in my opinion was FOMO.. I fear that someone is gaining while I already sold my position (must not a big issue since gain is gain not matter small it is but in my case its an issue 😟)
Btw I sold my position at the bottom of the candle (1.08) even though it is still in the support of Darvas Box I didn't hesitate to sell due to fear of losing my gain which is my original plan to sell once it break below the box, and after I sold my position it rallies up haha sad life. 

As of now, I'm still in the process of emotionless trading 😎

Take Note: If a stock burst during the early stage of the day and hit a resistance and stopped out, there's a big possibility for sharp retracement will be the next. I'm not sure but it is based on my observation.

Example: WPI and SSI.

for WPI kindly refer on the screenshot above.

SSI, early morning (as of 10/17/17) the price rallies with a strong momentum but when the price touches MA50 and tested that level 3 times during the 5 mins chart as seen below.. the trend  reverses immediately .

RSI Breakout: ATN

This is my first time to make a blog so I do not know how to start haha 😅
Wishing no one can find this blog. 😆
My sole purpose by doing this is to track my trades (Especially my Bad Trades and to study why I lost)

i'll do this blog in tagalog nalang para less time magisip haha..  ok lets start 😄

Since the breakout (sept.15), I put it on my watchlist (why?) if you notice the RSI level during the past few months was less than 50 yung rsi nya and btw I'm using RSI(30) para less volatility

-RSI(30) Trademark ni Senor Spy

Since nahihirapan pa ko sa breakout mas preferred ko to wait sa conso after ng breakout para iwas Bull Trap. Ok balik sa topic, my first reason why I bought was nag-consolidate na sya sa above 0.33 and nag-break above RSI50(that rsi level keep resisting almost 5mons) which is bullish in my perspective. Ave ko that day was 0.34 (nxt time screenshot ko yung trades ko)

-Everytime I see that it breaks that level of RSI may nakikita akong malaking movement sa Price (not all of the time)

2nd reason was nag-gliglide na sya above MA50 which is a good resistance before and now consolidating above that MA and malapit na sya mag AOTS

After a few days...

And now, selling strategy naman tayo..

My first TP was 0.395 and since nag-close nung 10/11/17 with a strong candle.. hold si kuya mo..

The next day, It rallies strong during the morning and nag-close sa 0.395 so nagbenta na ko. why? I yung makapal na bid sa 0.395 naubos and sumabay na ko sa nagbenta ( Wishing that I adjusted my stop BELOW 0.395 since that level is a previous resistance and now acting a support).
-No Regrets since my motto was "Sell when happy 😄"

My Plan was to buy if it holds and consolidate above 0.395, but I didn't expect that it will rally up haha 😅

If I miss this trade for sure magcoconso pa rin sya in due time or pag hindi.. sa bounce ako papasok..
There's unlimited opportunity kay Mrs. Market so no regret if I miss one of the trades.