Review of my Chat Room Stock Day Trades / Alerts for Tuesday Nov 15, 2016 $TWLO, $UWTI, OIL, $GDX, USD/JPY, $TLT, $DSX, $SHIP, $DRYS and more.
Intro:
Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive (we start sharing videos soon – just one more thing on the to-do list).
In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.
Overview Perspective of Chart Room, Trades and Alerts:
Today for me was a scalping day… worked moderately well. With a goal of 1% minimum per day (preferably 3%) I’m easily on track since the beta start of our trading room a couple weeks back (1% per day 10k to 1.14MM in 26 mos compounded).
Primary lessons I learned that may help your trades…
- When EPIC the Oil Algo says something I’m still challenged to listen (it’s just math but wow accurate). Most recently I’m referring to the posts on EPIC’s feed last Thursday cancelling targets because the change in trend. The mistake I made was giving too much credence to the upward resistance points on the traditional charting. In other words, had I just taken an entry at the lower range of oil trade when EPIC had signalled the time / price cycle change was at hand and held that position I would now be up big. But I didn’t, I’ve been scalping #OIL using $UWTI between support and resistance – and of course doing that makes it almost impossible to gain what you would have if only you traded the range from the bottom support and held. I am still up – but not anything like I would be. NOW, to be clear, when EPIC publishes the new alpha algo targets soon I have become comfortable trading those… so my hold at support areas in a range becomes more assertive. So even I am learning how to use EPIC’s math as an edge – and trusting that math – but it has been spot on so I’m getting there.
- $TWLO – for me this was a swing account (my larger account) trade and normally I’ll hammer down when I have a conviction on a trade and not snipe but swing. But when I entered $TWLO trade today I didn’t like the price action and cut early… it did come off after that exit so that part was done right as a scalp and it was a win but after hours it trended from approx. 34.65 to 35.65 range. So what’s the lesson? My thesis was correct and it was a swing so allowing short frame trading affect that conviction on a swing is simply nonsense.
Trading Chat Room Transcript
08:44 am Curtis Melonopoly : Morning!
08:44 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-tuesday-nov-15-usoil-wti-dxy-vix-gld-gold-slv-silver-spy/
08:45 am Curtis Melonopoly : That was morning trading plan.
08:45 am Curtis Melonopoly : Here is EPIC the Oil Algo Update – must read so you know what’s happening in here today. https://compoundtrading.com/oil-trading-chart-update-nov-15-crude-oil-fx-usoil-wti-uwti-dwti-uso-uco-cl_f/
08:50 am Curtis Melonopoly : Top % Gainers: $SHIP 34%, $TOPS 26%, $DRYS 22%, $ESEA 22%, $SINO 14%, $RPRX $AAP $NOG $NM $VKTX $JD $UWTI $PWE $CTRV $MTL $UGAZ
09:20 am Curtis Melonopoly : Gainers: SHIP +40%. TOPS +35%. DRYS +24%. ESEA +21%. SAEX +13%. NMM +15%. AAP +14%. RPRX +12%. SINO +12%. ORIG +9%. JD +8%. NM +8%. GNK +8%. OCUL +6%. SALT +6%.
09:20 am Curtis Melonopoly : Losers: SYN -35%. BETR -21%. TSRO -10%. SSYS -10%. CRBP -6%. RIO -6%. NOK -6%. DKS -6%. BBL -5%.
09:23 am Curtis Melonopoly : http://finance.yahoo.com/news/analysts-actions-anthem-fortinet-harley-130800133.html
09:29 am GSCT . : COuld be a tad louder
09:34 am Curtis Melonopoly : Long $UWTI Small account 800 share 18.47 risky in first 30 mins
09:39 am Curtis Melonopoly : Out small gain 18.525 reentering soon
Win #1 for hotdogs and beers .25% +-
09:55 am Curtis Melonopoly : Back in 10 while oil consolidates
09:58 am Curtis Melonopoly : 18.745 Long $UWTI 800 Share small account will hammer down with swing account if continues to confirm
10:01 am Curtis Melonopoly : Running scans – back in a bit
10:16 am Curtis Melonopoly : $UWTI out 18.958 800 share small acct win – will re enter
Win #2 for 1.2% +-
10:22 am Curtis Melonopoly : Running scans
10:33 am Curtis M : If you learn anything here let the Twitter land peeps know plz thx
10:34 am Curtis M : buy order ready on $UWTI
10:52 am Curtis Melonopoly : back in 10
10:58 am Curtis M : 18.649 800 share uwti small account
11:03 am Curtis Melonopoly : You guys have been separated in to two rooms again – Sartaj will connect the two rooms soon lol
11:08 am Curtis M : We have sme coding issues… 3 rooms split you guys are staying with me for today ‘ fixed tonight
11:18 am Curtis M : Out $UWtI 18.77 800 shares
Win #3 for .7% +-
11:29 am Mathew Waterfall : Got in NE calls and CHK common right after the bell yesterday. Small cap oil should be just getting started
11:30 am Mathew Waterfall : Don’t forget about /CL contract roll coming up though. That messes with futures pricing something fierce
11:33 am Curtis M : Thanks Mathew forgot
11:34 am Curtis M : going for an Americano b 20 to 30 mins
11:35 am Curtis M : Sartaj just messaged and said he may have split rooms up over lunch or at latest in morning
11:35 am Curtis M : back in 20
11:51 am Curtis M : ok back scanning for afternoon
11:51 am Curtis M : Sartaj says splinter groups in other rooms likely not back till tomorrow when fixed
11:52 am Curtis M : Crude failed at res
11:53 am Mathew Waterfall : What about $DSX?
11:54 am Curtis M : Looking at $SHIP close
11:54 am Curtis M : Ill check DSX
11:55 am Mathew Waterfall : Good price action there. I’m in some calls from the open and working nicely. Just saw a huge buy come across as well
12:14 pm Mathew Waterfall : I wish I would have bought more lol. Always a regret
12:16 pm Curtis M : 45.60 heavy resistance on $USOIL FYI
12:16 pm Mathew Waterfall : I will only play through options. They move too fast to have an undefined risk
12:17 pm Mathew Waterfall : They gap so hard that even equities can leave you out if you’re on the wrong side
12:33 pm Curtis M : running scans for a bit
12:34 pm Curtis M : Is $DSX on your screen
12:34 pm Curtis M : in the room
12:38 pm Curtis M : runnung scans…. $DSX looks decent still
01:00 pm Curtis M : $USOIL $WTI coming up to resistance, $DXY coming to resistance, $SPY coming to top of recent range, $VIX at bottom of recent range
01:05 pm Curtis M : Looking at $GDX
01:09 pm Curtis M : Long $GDX tight leash 800 shares small account
01:09 pm GSCT . : /CL feels toppy. Do you see a reversal of trend intraday here?
01:09 pm Curtis M : GSCT did you read EPICS blog post or twitter
01:10 pm Curtis M : YEs heavy resistance
01:12 pm GSCT . : Yes.
01:12 pm Curtis M : 800 21.89 GDX small account+
01:12 pm Curtis M : Awesome lo thanks GSCT
01:12 pm Curtis M : Not trying to be cheeky just got my hands full
01:13 pm GSCT . : No worries.
01:13 pm GSCT . : Not at all.
01:14 pm GSCT . : I need to honor the trend more anyway in my trading.
01:20 pm Curtis M : what a great guy thanks
01:24 pm Mathew Waterfall : You said DWTI. So you think we reject at the next resistance point and head lower in OIL?
01:26 pm Mathew Waterfall : Thanks. Sometimes things actually work as expected lol
01:30 pm Curtis M : $DSX so clean
01:37 pm Curtis M : battleground for me here with $TLT and $USDJPY and a few other things for $GDX likely early
01:51 pm Curtis M : Small loss $GDX out 21.84
Loss #1 .25%
01:55 pm Curtis M : running scans for EOD momentum play
01:55 pm Curtis M : The $GDX $TLT Currency correlation is powerful… there´s a number of indicators ‘ but those three are tied … the turn isnt ready yet but its coming… maybe tonight…
02:02 pm Curtis M : Watching $TWLO squeeze
02:03 pm Curtis M : Swing acct 2000 shares long
02:04 pm Curtis M : $TWLO
02:07 pm GSCT . : Are those car horns there in Panama?
02:07 pm GSCT . : Scooters it sounds like.
02:09 pm GSCT . : Traffic sounds agressive there.
02:12 pm GSCT . : Hilarious.
02:13 pm Mathew Waterfall : /ES HODing
02:17 pm GSCT . : /CL poppimg
02:17 pm GSCT . : popping
02:18 pm Mathew Waterfall : Front ran that yesterday so that’s what IM hoping fo
02:18 pm Mathew Waterfall : small cap oil squeeze
02:20 pm GSCT . : I assume you have price targes or percentage goals for swings as well?
02:21 pm Mathew Waterfall : WLL Dec 10c @.25
02:22 pm Mathew Waterfall : Followed a sweeper through on those as confirmation
02:22 pm Mathew Waterfall : Loading up on small cap oil
02:22 pm Mathew Waterfall : WLL, NE, CHK, PBR
02:22 pm Mathew Waterfall : JONE, EPE, SGY on watch close
02:32 pm Mathew Waterfall : First list I’m in, second list will go on oil expansion
02:37 pm Curtis M : $TWLO out 2000 shares 34.40 with 34.26 avg buy
Win # 4 .45% +-
02:41 pm Curtis M : Ugh $GDX I knew it lol fark
02:49 pm Curtis M : LOL not sure what happened but all our equip is set up this MOnday… and there´s a ton of subscribers we re allowing in next week … we ve limited how many till gear is set up Monday… so a few more days of yup that
02:49 pm Curtis M : oil looks good fyi
02:50 pm Curtis M : pit is closed and oil doing what it is doing is good
03:05 pm Curtis M : Curious what $DRYS does after halt here
03:18 pm Curtis M : Wow last hour of the day used to be best hour…. pretty calm out there…
03:18 pm Mathew Waterfall : Shippers looking like they are breaking down. To watch
03:19 pm Curtis M : Shippers should be done soon IMO
03:19 pm Robert Norman : Amazing up move from Crude Oil today. Oo
03:20 pm Curtis M : Crude gonna rip some faces off cause meetings on deck…. could be very interesting
03:26 pm Robert Norman : Any clue what API is going to show?
03:27 pm Mathew Waterfall : Done for the day, see yall tomorrow
03:29 pm Curtis M : see ya mathew
03:29 pm Curtis M : no idea robert
03:35 pm Curtis M : Well that´s a mellow end to a market day… going to call it a night… room will stay open till 4. We will get the other guys in same room with you tomorrow too lol. Have a great night!
03:36 pm Robert Norman : Have a good one!
Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $TWLO, $UWTI, OIL, $GDX, USD/JPY, $TLT, $DSX, $SHIP, $DRYS