Category: Trades

Following on from yesterday’s theme of not every trade being a big winner, here are a couple more smaller wins. One was even a long trade, which is a novelty because it feels like there have been an awful lot of shorts so far this year (with the obvious exception of the-stock-that-must-not-be-named).

I’ve been a naughty day trading blogger. I’ve noticed that I’ve been posting rather a lot of big winners on this blog recently. As you know, I don’t post all my trades here, only those I think are interesting for one reason or another. Often it’s the bigger winners that are the most compelling to look at, so it’s tempting to keep posting those. That is to do you a disservice though. Not every trade is a banging four-figure winner. In fact most aren’t. But to look back over these pages would give the impression that four-figures is the norm. So here’s a smaller trade to try to redress that balance a little.

It’s always nice to start the week with a decent winner. This little trade on BYND wasn’t the greatest setup (although there was a kind of triangles-within-a-triangle thing going on, which was interesting). Anyway, when it went, it went with a short sharp move that gave up a nice profit:

The week ended with some more action from BA. They were not the only aviation-related stock of interest, the airlines were dropping like, well, probably best not to imagine what they were dropping like. Anyway, here’s the chart for Boeing:

BA had an awful year in 2019 with the whole 737Max debacle. I wrote at the time my thoughts about profiting from plane crashes and disasters, so I won’t repeat myself here. (A quick aside: Can you believe that was more than ten months ago already? Where does the time go? I must be getting old.) The thing is, they are far from being out of the woods, and the stock price is still all over the place. Hmm, we know what that means.

It’s very rare that I post 1-minute charts here. The 5-minute chart is my bread and butter, it’s what I use 99% of the time. When we’re watching a dozen or so stocks, the 5-minute chart means we can flip through the list at a relatively leisurely pace. It’s why I can get away with using a single screen with only two charts on.

Sometimes zooming in a bit helps to explain a trade though, which is why I’m posting this one on BYND as a 1-minute.

I mentioned last week that QCOM has been on and off my core list over the years. Recent movements have seen it pop back on there, so I was keeping an eye out when this happened:

Thursday was one of those days when I didn’t want to be in front of a screen. Blue skies and unseasonably warm temperatures meant it was better to be outside making the most of this temporary lapse in winter. So I was pretty pleased to be able to get the morning over quickly with some quick clean trades like this one on SIX:

Here are a couple of quick trades from Wednesday. One was a $610 win, the other much bigger. Let’s look at the smaller one first. Here’s the chart for Target: