In keeping with the last few posts, let’s start with a smaller win. And then we’ll see a much bigger one, because it was there for the taking and it would be rude not to.
Here’s the chart for GILD, which as we can see, started out badly:
Continue reading “A Tale of Two 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).
Continue reading “A Couple More”
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.
Continue reading “Not Always a Banger”
I’ve banged on before about the importance of having a good list of core stocks to watch. A well-selected daily watchlist makes the actual trading part of day trading much simpler. It’s easier to profit from good setups than bad ones. Having good core stocks to back up the watch list makes the job easier still, it takes some of the pressure off building the list.
Good core stocks are those that move predictably and with regularity. We don’t need many — half a dozen at the most. With a solid selection there should rarely, if ever, be a trading day with no decent setups to take.
This week a new stock graduated to my core list. Here’s it’s chart for Tuesday:
Continue reading “Graduation Ceremony”
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:
Continue reading “BYND The Weekend”
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:
Continue reading “Like Planes Falling Out of The Sky”
I’ve been visiting a friend in France. We try to catch up every year, though usually in the summer when it’s not so bracing. My friend isn’t French, she moved to the country a few years ago. She was part of the so-called ‘Brexodus’ — folks who were getting out of the UK before the barriers come down and moving around Europe becomes a whole lot more complicated.
Each time I come here to visit, I’m struck by the progress my friend has made with her French language skills. She assures me she never studied it at school, and I have no reason to doubt that. I remember on my first visit she was struggling. Yesterday though, as we strolled down the high street bumping into various people she had come to know, I was struck by how she has become fluent, able to chat with these friendly natives about…well actually I’m not sure what she was chatting about because I understood nothing! The point is, she has achieved the holy grail of language learning — fluency. And it made me think about how actually, fluency is something we strive for not just in language, but in almost anything we do.
Continue reading “In Search of Fluency in Day Trading”
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.
Continue reading “Boeing Crashes, Again”
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.
Continue reading “Something Different”
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:
Continue reading “Ending The Week With An Old Friend”