Strategy: Long
Risk = $50
Entry: $1.43
Stop: $1.40
PT 1: $1.46 (2R)
PT 2: $1.49 (3R)
Shares = 1,500

Here is the weekly chart for $WORX:

Will wait for the price to ideally drop below $1.40, or at the very least to pop for a second underneath the 9 EMA (red). We can see all the EMA’s are curving, and even the Mac-D lines are beginning to head to the positive.

Today is 10/12, a Monday. Here is the weekly chart for $DTEA:

For this week, we can see the first bar of the week has begun at the top. Looking at the wide range of the bars lately, I think it should be reasonable to expect the price to drop to the 9 EMA (red) at $1.10. I am speaking strictly on this current weeks candle.

Strategy: Short
Risk = $50
Entry: $1.23
Stop: $1.28
PT 1: $1.13 (2R)
PT 2: $1.10/$1.08 (1.08 = 3R)
Shares = 1000

After this week, if the price does drop down to either the 13 EMA or the 26 EMA, I will be going long, because the trendline is currently in a bullish direction. It is also possible that the stock will jump out of this triangle, which is why my stop is so tight. What I expect, though, is that this weeks candle should go down to the 9 EMA at the very least and, then proceed to coil tightly, then jump up, but keeping in eye on this for the next 3-4 weeks should help us see the coiling, if it does occur:

Woke up late… Slept late… Bad. Today I had a day off as well so i could’ve been on the whole day. I fucked it up. Fuck.

Had some pretty bad buys here. I realized the trend was bearish on WIMI, but I wanted to practice buying when the trend was down, so I could get better at scalping and getting in and out real quick. Honestly this is not the way to go. Comparatively, it is much more emotionally challenging.

For example, let us compare the two big trading areas for today:

The first trading area on the left, I was buying as the stop was going down. This was just too much, as I kept on having to average down to get out at break even. Now, a bit more to the right, we can see I started buying as the stock jumped up past the 26 ema, the yellow line. At the end, we have a couple of good buys and sells. These were good because I had identified a head and shoulders reversal pattern, the stock had just broken above the EMA’s, and when I entered, the force index was much lower compared to the previous drop:

To the left of the top circle, I was pretty much done and just messing around buying and selling. Lost all my profits on WIMI to the point, but the good trades after that made all that back. I also sized up to 150 per lot for those last 3 buys.

$GILD

Looking to sell 1/2 my shares of $GILD if price drops to the lower range tomorrow (I missed the selling opportunity at the $64.00 mark as planned because… guess what, I have to put stops / PT’s everyday for all my swings… Strange that it doesn’t carry over to the next day. There should be a setting for that. Anyway, I set the stop loss for the day but not the PT of $64, which is why I missed it. Lesson learned.)
Just stick to the original plan (see $GILD post):

Today is Thursday, for context on the current weekly chart:

Today is Thursday, for context on the current weekly chart:

$AAPL

Today the 9 EMA went above the 13 and 26 EMA’s. We can also see a little spike in the Mac-D histogram. The Force Index appears to be curling.

If it dips underneath the EMA’s I will buy a position and hold for the move up:

$JE

11 am:

Holy shit good thing I used a stop loss. Went in with 300 shares for this second round:

Saw the long bias on the 30 minute. Saw it bounce off the 9 EMA once, I bought again at the value area, sold up high. Kept buying lower, discretionary trading, and selling either just below the profit zone, to keep losses low (note the -$1.59 sells, that was me getting out of some of my position for a small loss, choosing to keep my average low, while also lowering my risk by getting rid of shares, even if it was at a loss).

Felt good about this one. I felt pretty good in the morning. I did not exercise or anything, or prepare in premarket, but just looking at the top stock, it had some volume, not alot, but I knew I was going to use small share size. Also it had good range… Check on the 5 minute. 8.75 range to 9.30 area. This is a nice range to pick up profits. I don’t like stocks that move like 1 cent every 50 seconds bahaha. That is some next level patience. Patience is key … In all walks of life. Interesting.

Stop is the weekly low, PT is just at the 9 EMA (2R, second PT is 3R). Signs of Bullish Divergence, Mac-D still has 3 days (including today) to settle out. If it continues in the upward direction, we are good to go:

On the daily, the entry was close to the bottom of the range, while the force index is near 0:

Looks good on the hourly. We bought below value and must remember to above value. One thing I may do, is sell a partial position once the price reaches $64.00. Trailing stop loss as well on the 3 ‘lows’ that have been created thus far. Perhaps my stop is too far? This is a ‘whippy’ stock so it is possible I could get stopped out if my stop isn’t at the weekly low.

10/8: Moved stop up to 62.28. Stock hit $64. I literally just missed it and missed the selling of half my shares.

10/9: Woke up late and wasn’t feeling like going on the market. I slept very late…. I had also smoken a lot of Indica beforehand. Of course if I had a real position this would HOPEFULLY be a different story. But if I can’t take even paper trading seriously then I won’t be able to manage real money properly.

My order don’t last through the night, so I was not able to catch the $65 move on $GILD:

I sold half my shares, 19 at $64.29. This is at the 26 EMA line on the daily! Also notice the red line, the 9 EMA, about to cross over the dark line, the 13 EMA… The average of $62.903 is pretty good, honestly, especially if the stock can once again hit the high of the spiked candle in the center of the chart. The high was $66.76, which is 3¢ below our 3R PT ($66.79).

The stop for the day is the low of the previous days candle, at $63.02:

Will add back 19 if price falls to around $62.50 area.

Update, Thursday, 10/15/2020:

Today the price dropped to a nice level. Below the channel line actually. On my paper trading account, I have bought back 40 shares.

Two entries, both at $62.84, the first one for 28 shares, the second one for 12 shares, for a total of 50 shares at a market value of 3145, with an average price of $62.869, which is pretty good considering my initial average was $62.903.

On my live account, I am in for 10 shares at a price of $62.87 with a stop at $61.93, or a $9 risk. Will hold until I can sell for $65.00, or around there.

Just sold 25 shares on my paper trading account at $63.23 for $8.66 profit, 0.38¢ commission.