Not Always a Banger

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.

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Graduation Ceremony

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:

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In Search of Fluency in Day Trading

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.

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Boeing Crashes, Again

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.

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Something Different

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.

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Trading A SIX Pack

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:

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