11
Nov 2016

Stock Trading Results (2 W 0 L 2 H Green Portfolio Day) Post Market Report Thur Nov 10 $THC, $XIV Etc…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Thursday Nov 10, 2016.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from the 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 of each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Today’s Trades And Alerts: $THC, $XIV, $DRYS, $TUBE, $ECPG, $GLBS, $EBIO

So we did get the snap back up in the market as expected… but Thursday it slowed… especially late in the day with the bond market firing off madness.

I got out of my small account and swing account $XIV swing from the night before for my two wins and entered in small account later in day expecting a spike in oil at latest at pit close (because it has been consolidating at support) and with the recent election catalyst I ASSUMED I was safe. But nope, market went flat with bond markets and oil never got price lift. So I’m long over-night in small account $XIV and still in a $THC swing that I may add to if it sees another leg down. I think the dip was over-done.

There were (again) some morning momentum stocks that I could have entered, but I was focused on a timely exit in my $XIV holdings…. overnight swings does make that tough.

So today I have to decide whether to add to $THC or cut and with $XIV I have to decide whether to hold over weekend if the market doesn’t get some positive price action.

09:03 am GSCT . : /CL dropping here
09:09 am Curtis Melonopoly : $TRP, $THC, $TPL, $WFT, $JJC #Copper, $AUMN, $UWTI for bounce at algo line (red)
09:11 am Curtis Melonopoly : Gap $TUBE $LIQT $HPJ $AMDA $AEG $CLLS $MTL $UBS $WBIO $OMER
09:26 am Curtis Melonopoly : $BAC
09:27 am Curtis Melonopoly : Watching $XIV for exit and renter
09:27 am Curtis Melonopoly : Watching $THC for possible exit
09:29 am Curtis M : $XLF $TBF $TBT $TLT $BAC
09:29 am Curtis M : Also watching oil for support
09:44 am Curtis Melonopoly : Out $XIV 40.42 avg on both small and swing

So this was win # 1 and win #2 on day and was a 39.27 entry in swing account and small account with a 40.42 exit for about 1.15 gain or 2.5% ish.

From yesterday:

02:44 pm Curtis Melonopoly : Loooking at size in $XIV in 5ths 1/5 today
02:46 pm Curtis Melonopoly : Long $XIV 1/10 size 39.27 scale over next 24 hours the rest
02:48 pm Curtis Melonopoly : $XIV is 500 shares of 1/10 39.27

09:44 am Curtis Melonopoly : reenter lunch or sooner
09:54 am GSCT . : We need some cold weather to pop /NG
10:03 am Curtis Melonopoly : $DXY US Dollar Index upside res 98.61, 98.78 (short term PT), 98.91, 99.17, 99.28, 99.64, 99.80
10:30 am Curtis Melonopoly : When others return from other room accept my apologies lol we’ll get it sorted before DEc 1
10:30 am Curtis Melonopoly : And the grey out will be too
10:33 am Curtis Melonopoly : Back in 20 – Sartaj working on getting the others back in to this server lol too
10:33 am Curtis Melonopoly : Running scans
10:33 am Curtis Melonopoly : Trading Plan enter $XIV and $USOIL around lunch
10:59 am Curtis Melonopoly : Ok I gotta run momo scanns so I may as well take an early lunch cause plays will ikely start earlier than normal for afternoon session
11:00 am Curtis Melonopoly : Catch you back here 11:40 ish
12:17 pm Curtis Melonopoly : Loading for $XIV long
12:31 pm Mathew Waterfall : Big wedge building in /CL. I went into $UWTI for a starter
12:42 pm Mathew Waterfall : IMO this is calm before the storm
12:52 pm Mathew Waterfall : /CL going vertical here as well
12:56 pm Curtis Melonopoly : Long $XIV small account 400 shares 39.08
12:56 pm Curtis Melonopoly : Sorry for late alert
01:06 pm Curtis Melonopoly : Whats your buy Mathew?
01:07 pm Mathew Waterfall : On a vol play of /cl?
01:07 pm Mathew Waterfall : *or
01:08 pm Mathew Waterfall : I took $UWTI at /cl 44.55
01:08 pm Mathew Waterfall : for volitility I got out of VXX puts this AM. Back in a bit earlier
01:08 pm Mathew Waterfall : I’m in Nov25 VXX 30’s @.78
01:08 pm Mathew Waterfall : Currently trading for a buck
01:22 pm Robert Norman : Are you using SMA?
01:26 pm GSCT . : I’ve been in and out of chat. DId you ahve a posotion in $XIV for this +$2 move?
01:28 pm GSCT . : have position
01:31 pm Mathew Waterfall : 44.80 seems to be line in the sand on /CL. someone defending
01:35 pm Curtis Melonopoly : Long $XIV small account 400 shares 39.08 (previous post) still long
01:37 pm GSCT . : Cool. Thanks.
01:47 pm Curtis Melonopoly : NP – back in 20
02:00 pm Curtis Melonopoly : Ok now going to do 2 calls back soon
02:25 pm Curtis Melonopoly : Looking for swing acct entry 1/5 2000 shares at bottom of channel on $SPY
02:27 pm Curtis Melonopoly : $DRYS 180% lol
02:31 pm Mathew Waterfall : Took some straight /CL contracts @44.62. Looking for a bounce off of recent support
02:51 pm GSCT . : Gold looking for the basement floor
03:06 pm Curtis Melonopoly : Gold https://twitter.com/curtmelonopoly/status/796806153351168000
03:14 pm Mathew Waterfall : In some $TZA lotto’s for tomorrow. Think we might see a little pullback here
03:21 pm Curtis Melonopoly : I may have to sit through a pullback we’ll see – on $XIV
03:33 pm Curtis Melonopoly : Bonds are an issue right now – but I think very short term – then ATH $SPY ramp up again Tuesday at very latest
03:38 pm GSCT . : $LABD 14.65 – 14.94
03:43 pm Curtis Melonopoly : Holding $XIV overnight – until Tues if need be while bonds sort out… and out this morning $XIV on small acct and swing acct for win. Holding $THC swing but will hammer down again up to 5 times if it drops (1/5 sized in).
03:43 pm Curtis Melonopoly : Have a great night!

 

Topics: Wall Street, Stocks, Stock Market, Day Trading, Chat Room

10
Nov 2016

Post Market Report Wed Nov 9 $THC, $XIV Etc…

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Monday Nov 9, 2016.

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.

Today’s Trades And Alerts: $THC, $XIV, $SPY, $USOIL, $WTI, $X, $VXX, $TVT, $MDCA, $XLF, $CXW, $GEO, $TRIP

We had the snap-back lined up even before the election. Recently the $HTZ low in the room was a big call and then now the election call. Things are good!

I knew all along Trump would win (see Twitter feed – I warned repeatedly)

and I knew markets would rally (again with many warnings).

Why is this important? It’s to brag of course… no actually… it’s called being a good trader. That’s what we do and the idiots leading the sheep around with all their bullsh*t really start to piss me off lol. Time to say it straight – if you’re going to be a good trader you need to see around the corner (this GPS instead of what you see out your windshield). Very important for the newer traders to think on that – beyond getting tooled up with technicals and indicators and knowing how to size trades and cutting fast and actually studying and learning and reviewing previou trades etc… knowing what markets are going to do in advance is critical to your survival.

I’m not going to spend much time review the below…. the premarket today is really active and I want to be prepared for the next week of trading – big opportunities here. And I’ll try and get Tuesday’s Post Market done sometime soon too (lots of lessons to reveiw there). We start on intensive charting and algo trading Monday so I’ll try and get caught up this weekend.

 

Today’s Live Trading Room Text Transcript

09:03 am Curtis Melonopoly : Watching: $X $XIV $CXW $GEO $THC $TRIP $USOIL … more to come
09:17 am GSCT . : You’re good.
09:17 am Curtis Melonopoly : thanks!
09:24 am Curtis Melonopoly : back in 3
09:30 am Curtis Melonopoly : Watching open – no pennies – long $XIV likely soon
09:30 am Curtis Melonopoly : Long $XIV right out of gate
09:33 am Curtis Melonopoly : Out at 37.09 and back in
09:34 am Curtis Melonopoly : Going to hold $XIV thru downdraft and add with swing account
09:38 am Curtis Melonopoly : Long $THC 15.57 avg swing
09:44 am Curtis Melonopoly : Sorry guys our onboarding kicked everyone out lol – oh well – 2 rooms going today. Stay put.
09:50 am Curtis Melonopoly : Out $XIV 37.94 looking for pull back then re-enter
09:52 am Curtis Melonopoly : Looking at renter on $XIV $SPY is testing resistance from yesterday
09:52 am Curtis Melonopoly : $THC holdling until late day
09:52 am Curtis Melonopoly : OIL and STEEL I’m looking at entries lunch hour
09:54 am GSCT . : You’re talking $SPY?
09:54 am GSCT . : re all time highs
09:56 am GSCT . : Best way to play $SPY with smaller account? $XIV?
10:01 am Curtis Melonopoly : Yes $XIV with this move – opposite volatitily
10:04 am GSCT . : Can you point to the pink and blue lines. Hard to see your cursor with the lag.
10:04 am GSCT . : And thank you.
10:08 am GSCT . : Sweet.
10:11 am Curtis Melonopoly : Back in 20 mins watching for $SPY resistance break 214.57 whil gone
10:13 am Curtis Melonopoly : PS get yourself tradingview.com it’s cheap get the PRO version and appropriate add-ons less than 50 a month
10:13 am Curtis Melonopoly : back in 20
10:14 am Curtis Melonopoly : I’m not getting aggressive this morning – waiting till afternoon or tomorrow – expect this move to go on for 9 calendar days or so
10:49 am Curtis Melonopoly : back – screening for plays
10:51 am Curtis Melonopoly : Looking for break of resistance on $SPY to enter long in swing account
10:52 am Curtis Melonopoly : Or if I get enough downdraft on $SPY I’ll play $XIV for width – need width – margin
10:58 am Curtis Melonopoly : Looking for long in oil once machines kick in
11:00 am Curtis Melonopoly : Looking for break of high in US Steel $X and expect it to run
11:00 am Curtis Melonopoly : $CXW looking for run this afternoon
11:01 am Curtis Melonopoly : $THC is swing in sing account small position target 17.06… will hold unless 3% downdraft on low of day – stop out
11:04 am GSCT . : I hope you’re hard wired and not on WiFi.
11:06 am Curtis Melonopoly : I won’t be hard wired for a week or so lol
11:09 am Curtis Melonopoly : Running screens on plays – back in 5
11:14 am Curtis Melonopoly : get your buy orders ready on $XIV
11:28 am Curtis Melonopoly : Long $XIV
11:28 am Curtis Melonopoly : Early but whatever
11:33 am GSCT . : What was your $XIV entry
11:33 am Curtis Melonopoly : $XIV 38.48 entry
11:34 am GSCT . : Nice.
11:34 am Curtis Melonopoly : $XIV 38.50 stop and if needed re-enter
11:34 am Curtis Melonopoly : Small account so far waiting for pull back on my swing account to enter because I’m early I think
11:34 am Mathew Waterfall : I like to vol play here as well. Put some wood into VXX puts again earlier today
11:35 am GSCT . : Oil spiking
11:36 am Mathew Waterfall : /CL also just went vertical
11:42 am Curtis Melonopoly : $XIV stopped 38.58
11:52 am Curtis Melonopoly : Long $XIV 38.79 going to sit thru pain if I have to on small account order
11:52 am Curtis Melonopoly : Swing account large buy in about an hour ish
12:00 pm Curtis Melonopoly : Holding $THC and $XIV – will hold both or either through pain trade – taking early lunch and back in 30 or so for afternoon fireworks!!! Gonna be a good afternoon.
12:01 pm Curtis Melonopoly : No stop on $XIV and it’s on small acoount… will enter after lunch large swing position likely
12:36 pm Mathew Waterfall : /NG finally catching some action. Play in your dare
12:38 pm Mathew Waterfall : *if
12:53 pm Curtis Melonopoly : Back for afternoon session.. back in a few running scans
01:05 pm Curtis Melonopoly : $TBT, $MDCA, $XLF, $XIV, $USOIL $WTI, $$CXW, $THC, $X
01:20 pm Curtis Melonopoly : If u ask question in room I may not see it – better to DM my twitter or email [email protected]
01:24 pm Robert Norman : Hi! I’m all new here,is there something special I should know here when I’m looking at the charts?
01:35 pm Curtis Melonopoly : Long $XIV 38.395 in large swing acct
01:36 pm Curtis Melonopoly : Robert – just email and we’ll respond [email protected] or DM twitter mine
01:38 pm Curtis Melonopoly : Stopped $XIV looking for re-entry flat
02:02 pm Curtis Melonopoly : Long $UWTI 19.44 1/3 size will cut fast
02:14 pm Curtis Melonopoly : $UWTI out 19.26 loss
02:31 pm GSCT . : Can see that. Volume not easy to see on the chart. You need lighter colors for that.
02:31 pm GSCT . : Video now blank fo rme.
02:33 pm Robert Norman : Did you switch from Screen Sharing?
02:44 pm Curtis Melonopoly : Loooking at size in $XIV in 5ths 1/5 today
02:46 pm Curtis Melonopoly : Long $XIV 1/10 size 39.27 scale over next 24 hours the rest
02:48 pm Curtis Melonopoly : $XIV is 500 shares of 1/10 39.27
02:50 pm GSCT . : The room is still on beta.
02:50 pm GSCT . : in
02:53 pm Curtis Melonopoly : sorry bout the charts obvious computer start challenges lol – charts coming
02:53 pm Curtis Melonopoly : any better?
02:58 pm Curtis Melonopoly : Back in 10
03:16 pm Curtis Melonopoly : back for EOD
03:31 pm Curtis Melonopoly : If your bearish I would reconsider FYI
03:46 pm Curtis Melonopoly : Holding positions overnight and looking at scaling $XIV in the morning. Should be lots on the watchlist tomorrow.
03:47 pm Mathew Waterfall : Hope everyone killed it today. I’m still in VXX puts, UWTI, some small bios, and very small gdx left
03:47 pm Curtis Melonopoly : Thinking Tech, Bio, and maybe oil big plays tomorrow
03:48 pm Curtis Melonopoly : Have a great night Mathew!
03:48 pm Mathew Waterfall : I trimmed a lot premarket on the large pop. I’m expectin gmore long term but it might take a while to catch up
03:48 pm Curtis Melonopoly : We’ll start on algo charting Fri or Mon
03:48 pm Mathew Waterfall : Sounds good. Have a good night, get some sun for un in the dark north
03:48 pm Mathew Waterfall : /NG got a pop and I got the f out
03:49 pm Curtis Melonopoly : Night all.

Topics: $THC, $XIV, $SPY, $USOIL, $WTI, $X, $VXX, $TVT, $MDCA, $XLF, $CXW, Stockmarket, Wallstreet, Daytrading, Stocks, Trading Room, Chat Room

07
Nov 2016

Post Market Report Mon Nov 7, 2016

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Monday Nov 7, 2016.

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 is deleted for this post) .

Chat trade room is also video recorded daily for trade evidence (also in permanent archive – I’ll start sharing videos soon – just one more thing on the to-do list lol).

In addition to chat (per below), 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.

Today’s Trades

Today was a very frustrating day!!! I didn’t want to stress on it while in chat room but my exchange data problem from ICE (see post earlier) almost sent me over the edge because of course I thought IN PART it was our fault or something… so we ran test after test on our software and hardware almost until 2 PM lol!!! Then, we find out it wasn’t our problem at all ha ha ha.

WHICH, that reminds me…. we have so much to do around here getting set-up that I can’t say exactly when this is going to start but I am going to test my ability to compound small accounts and shoot for either a 3 month or more likely a 6 month 10k to 1.14 MM compound on a small account – we just need a few days to form our plan and then we’ll start posting daily on it. 6 months BTW would be about 4 times as fast so instead of 1% per day that would be 4% per day compound (or 4 successful 1% trades per day and with 1 or 2 not working that’s basically a trade an hour – NOT EASY BUT POSSIBLE). If you are wondering what this “compound stock trading” is and how my goal is to take 10k accounts from 10k to 1MM in 26 months or less follow the link.

Chat Room Log / Trades

09:18 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $CTB $WATT
09:22 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $LC $TROV

Above was my morning watchlist for morning momo plays… I try to get them out sooner but the stocks develop as the morning progresses… anyway, the reason I am commenting on this is that over time we will have a much more comprehensive pre-market session for prep for these plays… it isn’t our current core, but we will have this developed over next few months.

09:22 am Curtis Melonopoly : Watching market open for momentum stocks.
09:23 am Curtis Melonopoly : Trading view charting lag is actually from tradingview itself this morning – they say it will be fixed soon. There is a notice on each chart when loading.
09:24 am Curtis Melonopoly : $VIX $UWTI (oil for bounce) $NTEC $NILE $CEMP $BIIB $IONS $APVO $DTLK $LIVE $CTB $WATT $TXMD $LC
09:29 am Curtis Melonopoly : Here we go – strap in – GL!
09:34 am Curtis Melonopoly : Watching oil for a bounce and momos right now
09:37 am Curtis Melonopoly : Looking at $UWTI long

I had the FX: $USOIL $WTI play pegged early in day because I knew the market was in bull mode and oil has been depressed – so in other words it had a catalyst and I have indicators and technical tooling most traders don’t… so I just need it to move (up or down).
09:37 am Curtis Melonopoly : That alpha algo TL line (red) is in play
09:45 am Curtis Melonopoly : No morning momos for me this morning.

There actually were some morning momentum stocks I likely would have entered (especially as the morning progressed – but the charts and my tilting because of it left me no logical option – trading while tilted is not good).
09:46 am Curtis Melonopoly : Watching for standard play in oil, Gold, silver, VIX, SPY or continued momentum’s – back in a few mins.
09:51 am Curtis Melonopoly : Watching oil for bounce for entry…. not convinced
09:52 am Curtis Melonopoly : Also watching for follow-through with some gainers and momentum’s https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6
09:54 am Curtis Melonopoly : So I’m going to contact a few larger oil traders I know and see what they see the oil market doing over next 48 hours – back in 10 or so – I don’t like where it bounced here or the volume
10:03 am Curtis Melonopoly : Here’s crude oil first test to upside
10:04 am Curtis Melonopoly : Very weak – but it can go
10:04 am Curtis Melonopoly : So here comes support test
10:05 am Curtis Melonopoly : Thin purple line is traditional support trend line and red algo TL
10:11 am Curtis Melonopoly : On phone with oil trader I know… back in 15 min at most.
10:12 am Curtis Melonopoly : Upper arrow upside potential intra, lower arrow is low potential intra and mid arrow algo line – tough play mid range with oil
10:31 am george d : Curtis almost done calls back in 5 …
10:37 am Curtis Melonopoly : No conviction in oil buying… only way I can take a trade long is at the lower diagonal trendline (blue)
10:38 am Curtis Melonopoly : So I will set alarms for oil and then look at trending stocks intra for entries
10:38 am susan woo : Curtis, how do your gold/silver/miners algo look?
10:39 am susan woo : I recall you saying you were interested in AUMN last week
10:39 am susan woo : Tnanks:)
10:41 am Curtis Melonopoly : Hey Susan… sory about not seeing your question last week… my pre and post newsletters kind of touch on it… we’re waiting for election… without election consideration I was looking for downdraft then long… tough call till election – Hillary Trump war unpredictable
10:41 am Curtis Melonopoly : Ok going to look at trending intra stocks for entries – back soon
11:09 am Curtis Melonopoly : A lot of chasing here… still running screens… likely won’t be in any plays until lunch / afternoon session with trending solid indicators only for now.
11:13 am Curtis Melonopoly : Guys and gals… if you’re concerned with public posts be sure you sign in anonymous – like now lol – it’s a public room
11:14 am Curtis Melonopoly : So I’m running screeners on trending stocks for afternoon session. Also checking our algos for Oil, Gold, Silver, VIX, SPY for aft session.
11:24 am Mathew Waterfall : Just popped in to say I’m all out of those VXX puts. Worked very nicely holding over the weekend. Reloading a bit in JNUG and GDX calls that I got out of last week for another pop. Won’t trade much between now and Wednesday with clown show going on
11:28 am Mathew Waterfall : Also to note, interesting call spread options in GLD for those looking for a play there. Calls are pretty juiced on the high end making spreads attractive
11:32 am Curtis Melonopoly : Watching $FCX, $TWTR (rumors again), $DRNA, $IMPV, Crude for 43.40 ish $UWTI entry, $VIX , and rumors with NATO re: Russia… still running scans for afternoon
11:33 am Curtis Melonopoly : Grabbing quick lunch back in 30 to get some wins in bag
12:25 pm Curtis Melonopoly : $VIX starting to curl up
12:34 pm Mathew Waterfall : Wouldn’t be surprised to see a pullback here. This is a lot of short covering to me and looks to have stalled a bit. Went flat on my /ES plays
12:39 pm Curtis Melonopoly : Ok back from lunch – running scans for aft plays
01:02 pm Curtis Melonopoly : SO… tradingview.com experiencing data issues today from exchanges – we get ours fixed and theirs goes stupid lol – so I’m on stockcharts.com for the remainder of day – not ideal to say the least
01:10 pm Mathew Waterfall : So much noise today. I’m closing positions from this point I think. Got out of $USLV early but that’s what I get for being cautious
01:15 pm Curtis Melonopoly : Looking at $UUP for possible long pending chart
01:18 pm Curtis Melonopoly : Looking at $UUP (not sure if that alert posted)
01:18 pm Curtis Melonopoly : Ah yes it did lol
01:27 pm Curtis Melonopoly : Waiting for a decision on dollar, VIX and some other indicators before I start trading longs in market – chicken today
01:38 pm Curtis Melonopoly : Looking at $NUGT for a pullback and intra entry but… it could b too late
01:39 pm Mathew Waterfall : GDX and GLD seeing lots of love today, might not get another huge pullback in the miners
01:39 pm Mathew Waterfall : GDX BULLISH WISEGUY ACTION: Fri 11/11 24.5 CALLS (Wkly) $83k BET SWEEP / OPENING MULTI SWEEP GDX=24.01 Ref 1.1x Usual Vo
01:43 pm Curtis Melonopoly : Long $UWTI
01:48 pm Curtis Melonopoly : Filled at 18.20 in small account $UWTI
01:51 pm Curtis Melonopoly : 18.40 target in $UWTI but i
01:51 pm Curtis Melonopoly : I’m holding for a pull back and run
01:52 pm Curtis Melonopoly : Looking at a strong pit close play – hoping for 2 – 3%
01:54 pm Mathew Waterfall : Lots of sellers coming in >44.57 in /CL
01:54 pm Mathew Waterfall : Those need to get eaten up
01:57 pm Curtis Melonopoly : So 44.70 is my test area but I’m holding likely closer to pit close
02:14 pm Curtis Melonopoly : http://oilprice.com/Latest-Energy-News/World-News/Oil-Major-Chief-Calls-Upon-Non-OPEC-Producers-To-Join-Cuts.html
02:18 pm Curtis Melonopoly : Looking for expanding volume really soon with pit close near – if no then cut and take some profit $UWTI #OIL
02:23 pm Curtis Melonopoly : I am going to sell in to spike before pit close if I get it $UWTI
02:28 pm Curtis Melonopoly : Out
02:29 pm Curtis Melonopoly : $UWTI 18.20 buy with a 18.80 exit on $UWTI intra 3% er
02:30 pm Curtis Melonopoly : That was a nice trade

02:45 pm Curtis Melonopoly : back for another 🙂
02:46 pm Curtis Melonopoly : Running screens back in a few
02:51 pm Curtis Melonopoly : Missed the volatility trade distracted with oil – but oil better trade 3% vs 1.5% on my entry
02:57 pm Curtis Melonopoly : I’m going to watch for $SPY failure at 212.65 ish range and consider $VIX trade w $TVIX for EOD
03:16 pm Curtis Melonopoly : Looking at $TVIX – risky
03:16 pm Curtis Melonopoly : Very short leash if I do
03:27 pm Curtis Melonopoly : $TVIX not responding well to $VIX IMO – you want that to frontrun so you’re on right side of possible error
03:28 pm Curtis Melonopoly : That’s the benefit of scalping 3 x 2 x ETF and ETN’s – you can get a buffer for error if you’re on right side but extra pain if you are on wrong.
03:37 pm Curtis Melonopoly : Well I’m gonna call it… lotsa fun coming with election and then we get in to tight technical trading with proper indicators and algorithmic trading after election… so ready for that! And I’m gonna do a 10k to 1MM in 6 mos instead of 24 mos module (4 trades a day at 1%).
03:37 pm Curtis Melonopoly : Take care:) Be Blessed!
03:42 pm GSCT . : Thanks Curtis.

Best:)

Curt

Topics: Daytrading, Wallstreet, Chatroom, Trading Room, Daily Results

07
Nov 2016

Pre-Market Newsletter Nov 7, 2016 ($USOIL Oil, $DXY US Dollar, $VIX Volatility, $GLD Gold and more.)

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for Monday November 7, 2016.

Election Trading

Premarket reports will not be detailed until after elextion.

I’m sitting tight and will trade scalps until after election. After election we will start on algorithmic trading main targets and trendlines and work with traditional indicators that I use for my trades. So for now I’m not going to get to detailed with pre-market trade plans but after election you will see very detailed trading plans for each algorithm we have in development.

Momentum Stocks

I will at times take first 30 min momo plays if and only if I think I can secure a stop that is tight and get immediate momentum on my side… I know a lot of rooms will take these plays regularly… but they aren’t normally my style because I want clear risk reward on my side and a predictable exit on my side. Compound trading works well if disciplined (and it mitigates unnecessary risk). Nonetheless, I watch morning momo plays not only for the first 30 mins but also, and more importantly, they are often the stocks I trade later in the day when they snap back after a downdraft or they continue to trend (I am looking for technical indicators such as a trending moving average, increased volume, continued trend, and more). 1 snap back or continued trend per day at 1% (or .20 cents on a 20.00 stock) over 26 months is 10k to 1.14 MM or it can be done in 6 months with 4 of these trades a day…. but it has to be low risk so you can execute stops or manual exits with-out stress and undo risk.

So just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time). These I continue to watch through the day for indicators that allow a trade.

Markets Today – Volatility $VIX ($XIV, $UVXY, $TVIX, $VXX etc)

Well…. Hillary isn’t guilty they say… so everyone is happy… so we have a $VIX GAP DOWN of 12.5% at time of writing… which in my thinking is awesome… A $VIX in the 19’s is closer to the 13’s or 14’s I’d like to get an entry at and is much better than reaching for 22’s and 23’s… had I only held $XIV over weekend…. but I wasn’t prepared to take the risk… I want 1% a day for 10k to 1MM in 2 years… that’s it… simple… focus.

So the snap back I was all about last week is obviously here…. but I’d be careful with holds Monday and Tuesday night… you never know… things a fucky to say the least.

I’m looking for entries on either side of the range for scalps.. for me that’s it for now with $VIX.

$DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

From last Thursday’s trading plan…

The US Dollar was close to a Fib at 97.07 earlier so this is an interesting watch for possible long in $UUP (long) and watching $UDN close (short a basket of currencies including British Pound).

Well… it got a little better downdraft than 97.07 and snap – back happened – overnight as I write it has snapped back from 96.89 – 97.70… I trade I should not have missed – I had it set-up.

$TZA – 3x Small Cap Bear. Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically.

I will be watching other currency relationships also for Fib and Pivots and will post as opportunities / time arise.

$SPY ($ES_F, $SPX etc)

I don’t have much to say other than… there’s the snap back and remember to watch the pivots… same here… buy the blood in the streets and buy the over extended pivots and Fib levels (for those that don’t understand pivots and Fib levels – we will be getting in to those indicators after election in detail in the room).

FX: $USOIL $WTI ($CL_F, $USO, $DWTI, $UWTI #OOTT #Algo)

There was a recent time / price cycle change. @EPICtheAlgo is expected to have updates on his Twitter prior to open. Generally speaking it was in a downdraft near some support but at significant risk… but likely a tad over-sold.. and I see at time of writing it is up in over-night trading. I’d be very cautious though – but that’s just an opinion. We’ll see what EPIC’s calculations look like.

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Gold, Miners, Silver I was looking for on floor down over last month per my posts and this now may do it. We will watch to election and then start putting out our algorithmic charting and traditional charting and trade it.

Silver – $SLV, $USLV, $DSLV

As above.

Natural Gas – $UGAZ, $DGAZ

I continue to watch per previous.

So it’s really all about our current rally, staying nimble through election and then on to charting and trading thereafter with detailed set-ups.

Good luck!

Free Scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute super-nova type plays… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups).

http://finviz.com/, https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

Curtis

07
Nov 2016

Stock Trading Results – (5 wins today) Post Market Report Fri Nov 4, 2016 $X, $XIV, $CARA, $GCI

Post Market Report (Trade Results) , , , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Friday Nov 4, 2016.

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 is deleted for this post) . Chat trade room is also video recorded daily for trade evidence (also in permanent archive).

In addition to chat (per below), this trade-room has live 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.

Before I get started on a review… I have to take this opportunity to apologize / follow-up on some unanswered questions in room from Friday:

Susan Woo – I didn’t see your questions in the chat room Friday… I get so involved in charts so my apology – my premarket today will cover though.

Mathew – Yes, go ahead and share charts until our room gets too busy. We’ll let you know when we all have to pull back on chatter etc. Until then… sure.

Here’s the trading room chat log with respect to my trades:

08:54 am george d : curt and I having coffee will be in room before open for morning momentum plays

09:18 am Curtis Melonopoly : Looking at morning momentum stocks

09:23 am Curtis Melonopoly : Premarket $WTW $PBR $ARRY $TRUE $CBS $CLNE $CSOD Personal watch: $SPY $XIV $FXC $AAPL #premarket #watchlist #wallstreet #daytrading #stocks

09:35 am Curtis Melonopoly : $DCTH looking for 2.67 to hold and go

09:37 am Curtis Melonopoly : Looking for break over 3.27 and 2.67 to hold

09:39 am Curtis Melonopoly : Out on y $XIV Swing big win – daytrade still in.

So this was my win # 1 of the day – it was a large $XIV swing trade from the day before with large swing account.

At this point I am still holding from the day before the $XIV overnight hold on the small daytrade account.

09:40 am Curtis Melonopoly : I was all in there on that swing so that was a big win $XIV

09:44 am Curtis Melonopoly : Looking at lower supports for more $XIV swings – out of large entry in swing but holding small account $XIV

09:48 am Curtis Melonopoly : Looking for bottom or top range on $SPY for volatility plays $TVIX or $XIV

09:53 am Curtis Melonopoly : Long $XIV on swing account 33..11

So this was a long for a scalp on the large trade account (my small account was still long and holding)

09:55 am Curtis Melonopoly : Trailing out $XIV 33,32 plus for scalp

So this was win #2 on the day – a scalp for .5% or so.

09:55 am Curtis Melonopoly : out

09:56 am Curtis Melonopoly : decent half a point

09:57 am Curtis Melonopoly : $TRUE break of 10.77 IMO decent but no go for me today

09:59 am Curtis Melonopoly : Snap back on $SPY could get really intense

10:01 am Curtis Melonopoly : Should fail here soon and test lower before strong snap back

10:06 am Curtis Melonopoly : $CERS $CBK nice

10:09 am Curtis Melonopoly : Market was wayyyy to irrational yesterday IMO with $VIX so I took the other side in $XIV

There’s my reiteration on my thesis for the large swing trade from the day prior.

10:14 am Curtis Melonopoly : $CBK no increasing vol but vol good on day

10:14 am Curtis Melonopoly : $CERS decent vol the day but… nope

10:16 am Curtis Melonopoly : https://ca.finance.yahoo.com/gainers?e=US

10:22 am Curtis Melonopoly : Watching close to get out of daytrade $XIV from yesterday, already out large swing on $XIV..When everyone gets happy I’ll go negative.

10:31 am Curtis Melonopoly : $EBIO and $CBK look great for EOD possibilities

10:39 am Curtis Melonopoly : back just in time for the test

10:43 am Curtis Melonopoly : So we’ll see how it handles turbulence here

 

10:57 am Curtis Melonopoly : $DXY lol surprise surpris

11:04 am Curtis Melonopoly : and I’m out $XIV for a yeehaw!

This was win #3 for the day. It was my exit on the small account swing in $XIV from the day before.

11:08 am Curtis Melonopoly : Party time wow what a great week

11:09 am Mathew Waterfall : !!!

11:09 am Mathew Waterfall : Got my $XIV exit filled at 34

11:10 am Curtis Melonopoly : Way to go Mathew!!!!

11:10 am Mathew Waterfall : Works for me

11:10 am Curtis Melonopoly : We may got a rocket ride here later IMO $XIV

11:52 am Curtis Melonopoly : Be 5 or 10 mins looking at BIO and other EOD plays

12:02 pm Curtis Melonopoly : $SPY 210.20 and it’s a rocket – not saying it will

12:07 pm Curtis Melonopoly : $CFMS
12:09 pm Curtis Melonopoly : $CFMS over 9.83 I’d look again – but it’s strong – we’re late IMO
12:09 pm Curtis Melonopoly : $CFMS on a pull back I’d look at it for sure

12:21 pm Curtis Melonopoly : $CFMS, $CARA, $EBIO, $CBK, $XIV, $TVIX

12:25 pm Curtis Melonopoly : looking at $XIV… may wait

12:31 pm Curtis Melonopoly : $SPY break of 209.88 with vol long $XIV

12:31 pm Curtis Melonopoly : Needs considerable volume for my $XIV entry however

12:32 pm Curtis Melonopoly : And yes I know for anyone thinking it…. $XIV is not directly a $SPY play… I use it as an indicator

01:15 pm Curtis Melonopoly : Looking at $XIV looking for expanding volume

01:15 pm Curtis Melonopoly : Long $XIV

01:17 pm Curtis Melonopoly : Hoping for expanding volume $SPY
01:17 pm Curtis Melonopoly : Hope is my plan now
01:17 pm Curtis Melonopoly : I’ll Cut quick tho $XIV
01:18 pm Mathew Waterfall : I’m watching the VIX. If it can get <20.95 we should see the bottom start to drop out
01:19 pm Curtis Melonopoly : I’m in my small account here FYI
01:19 pm Curtis Melonopoly : In at 34.03 $XIV
01:25 pm Curtis Melonopoly : $XIV flat out
01:26 pm Curtis Melonopoly : the problem was expanding volume
01:26 pm Curtis Melonopoly : non

01:28 pm Curtis Melonopoly : $CARA watching for expanding volume
01:33 pm Curtis Melonopoly : Long $CARA
01:35 pm Curtis Melonopoly : Long at 7.29 tight manual stop $CARA small account
01:38 pm Curtis Melonopoly : Target 7.38 for a 1% scalp but may hold
01:42 pm Curtis Melonopoly : Entry 7.29 exit 7.405 for a little better than 1% – that’s how you build a small account

This was win # 4 on the day.
01:59 pm Curtis Melonopoly : Watching $X for break of HOD and expanding volume for entry on small account – I don’t think I would wait for backtest on support at 20.07 – 20.09
02:01 pm Curtis Melonopoly : if a touch of 20 on the 1 I’ll enter too if I can get it
02:04 pm Curtis Melonopoly : Long $X tight
02:05 pm Curtis Melonopoly : No expanding volume out flat $X
02:26 pm Curtis Melonopoly : $GCI
02:27 pm Curtis Melonopoly : Long $GCI
02:27 pm Curtis Melonopoly : Likely a pain trade at first
02:27 pm Curtis Melonopoly : Didn’t want to miss
02:50 pm Curtis Melonopoly : Out for now
02:51 pm Curtis Melonopoly : $GCI tiny gain will re-enter at HOD break of res

This was win #5 on the day.

03:10 pm Curtis Melonopoly : Looking at a possible ping back trade on $XIV for a scalp
03:11 pm Curtis Melonopoly : Long $XIV 33.06
03:18 pm Curtis Melonopoly : Nice 1% compound scalp for the small account on $XIV

This was win #6 on the day.

This day could be summarized as me getting out of my overnight swing on $XIV that worked really well, coming back to $XIV with specific indicators that I explained by live broadcast as I moved in and out of each trade and I also used indicators to move in and out of momentum stocks. All trades were with low stress ease – not that I don’t get anxious – but I mean the “gamble” type stress – I had risk / reward on my side with solid indicators and when a trade didn’t go as planned I cut quick.

Any questions don’t hesitate to ask in a PM in room or DM in Twitter or on email… if you ask me in general chat in room it’s really hard for me to see because I’m scanning many many charts behind the scenes on monitors you don’t see… so my eyes are always there and not in chat.

Thanks

Curt

04
Nov 2016

Today’s Stock Trading Results – (Contrarian pivot) Post Market Report Nov 3, 2016

Post Market Report (Trade Results) , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Wednesday Nov 3, 2016.

Again this morning I will be very brief – yesterday and today have become one trading day as far as my account is concerned (and perhaps right up to election) – so I am going to do an in depth blog post this weekend explaining my reasoning. Also last night we worked until the wee hours in the morning on chatroom hardware and software upgrades so that took my time. So you can expect a detailed blog post this weekend.

Yesterday for me became all about whether support on $SPY and $SPX was going to hold (if touched). Folks in the chat room know I took a number of small scalp trades to build my small account. But later in the day I pivoted to a contrarian large entry in my swing account and also in my small account (day trade account). I pivoted to $XIV hold / swing.

If $SPY $SPX continue to down draft I will consider exiting. I took that trade late in the day.

So basically my risk to reward in my thinking is intact – more risky than I would normally be – but again…. look to a very detailed blog post on weekend.

Thanks

Curt

03
Nov 2016

Today’s Stock Trading Results (Portfolio +Green Day) – Post Market Report $UA, $XIV, $TVIX.

Post Market Report (Trade Results) , , , , , , , Curt Melonopoly

Review of my Chat Room Stock Day Trades for Wednesday Nov 2, 2016.

A real quick review of trades in our chat room – I will do an in depth recap this weekend on trades this week.

The day started with $UA chatter (possible buy-out) – I did take a trade with a tight stop and small loss -.2 cents.

I moved on to volatility with the upcoming election / FOMC minutes and didn’t trade Gold, Silver or crude oil on the day.

Our techs are figuring out a way to post the ledger daily (my Canadian broker is going to have to change for this purpose and other execution reasons). But the trades were live in the room for transparency and posted to Twitter (although on Twitter they are delayed to respect our subscribers).

$TVIX

1:02 Entry 19.74

1:09 Exit 19.86

$XIV

2:00 Entry 35.24

2:29 Exit 35.62

$TVIX

317 Entry Avg 19.51

341 Exit Avg 19.51

$TVIX

3:55 Entry 19.88 overnight hold (this is down in pre-market – however with election coming it’s a hold for me).

Other than those trades, I didn’t trade metals, any other momentum stocks other than Under Armour and I didn’t take a trade on crude oil (although I wanted to go long and didn’t).

So my small account for volatility compounded at about 1.5% for the day.

Best to you.

Curt

 

29
Oct 2016

Today’s Trading Results – Post StockMarket Report

Post Market Report (Trade Results) , , , , , , , , , , , , , , , Curt Melonopoly

A review of my daytrades Friday October 28, 2016.

Friday for me (actually all week)… was a tad distracting, which is not what a technical daytrader wants obviously (travelling and trade room set-up etc).

Nonetheless, there was one trade executed (should have been three or four) – and the one was moderately green. BUT! I’m looking forward to next week and I’ve promised myself to keep lazer focused.

The in-depth daily chart / algo reporting with each instrument I’m trading will not only assist the trader’s in the trade room this week – but myself also…. it’s nice to have super lazer focused preparation work to trade from (instead of on the fly – on the fly is not where I personally function best.

Ok, on to what happened today – hopefully my errors will help you avoid the same mistakes or lost opportunities.

The FX: $USOIL $WTI long trade using $UWTI

So we started the day off with the #OPEC shenanigan continuance in Vienna (the birth place of my grandfather BTW), which ended in a no oil deal Saturday and a promise to return to discussions Nov 25, 26 2017.

http://www.opec.org/opec_web/en/press_room/3820.htm

This I was considering as a possible catalyst for a long trade in crude oil, especially considering that the price of oil was below 50.00 and the oil producers have an amazing knack of timing their announcements right at critical points in the oil chart – even down to the termination of time / price cycles in oil. I’m convinced they are no slouches because they’re releasing announcements or chatter at points EPIC the oil algo has even identified as critical – time and time again. So knowing that EPIC had identified time / price cycle terminations and the fact that critical support was being tested AND that the price of oil was sub 50.00 was opportune timing for an announcement – but we didn’t get one – which was WAY OUT OF PATTERN for the oil producers.

$DXY was testing support… but crude was at a support that I wanted to take a trade from (it wasn’t preferable to take a crude trade when $DXY was testing support – you want $DXY to fail resistance preferably and crude to bounce and confirm off support ideally)… but I took the trade anyway because the chances of a bounce were considerable (probabilities were on my side with support bounce for sure). The other consideration was EPIC the oil Algo’s primary alpha algo targets. THE MISTAKE I MADE was that I was dealing with phone calls and various service people for the set-up of our trade room and I set a stop – and it triggered. I hate stops and usually don’t use them. Anyway, there was a small gain. Crude did take off for a nice trade after my stop was triggered but tanked to EPIC’s primary alpha algo target zone when news hit about Anthony Wiener. Which blew my mind because that was EPIC’s primary target – funny in my thinking. Epic is Epic and I should just surrender to it.

Anyway, here is that time period on Friday…

$DXY US Dollar testing support (not ideal for a long crude oil trade – I use $UWTI specifically)

My $UWTI long execution.

$DXY now at low of day… not the best scenario (I didn’t know at the time that the dollar was going to tank and breach shortly thereafter).

My distracted stop for small gain – ugh… especially when you consider what happened next…

So to throw fuel on my wounded supertrader spirit $DXY then breached a diagonal support… and I was awe man seriously? Weak dollar… strong oil (in a normal world).

So here’s the spike in oil after my stop exit… (BTW – the lower alpha algo target on this chart was actually misplace in accordance to EPIC’s call – EPIC’s target was much lower – which funny enough got a hit in the target zone – not perfect but in the zone).

So crude $USOIL $WTI got a really decent bounce before it tanked and would have been a fantastic trade (likely 4% on $UWTI – I didn’t actually look yet lol – painful) and then the price tanked right in to the target zone (not a perfect hit) but holy price tank thanks to Anthony Weiner news. If you look through EPIC the oil algo’s history on our website and on Epic the Oil Algo’s Twitter Feed you will see time and time again how right before the alpha target call the price of oil magically spikes or drops (and many times dramatically) right in to the target zone or very very close. It’s really interesting if you look at it over time.

The price of crude oil tanking right in to the primary alpha algo target zone EPIC had identified.

Below is EPIC’s call on it earlier in the week… the percentage represents how many times out of 100 EPIC has calculated that exact target will hit – and yup… the primary target zone hit – crazy IMO… I’m his inventor and I still struggle to understand how pure math can determine primary targets days in advance 92% or so of the time… and that’s not even the best way to use EPIC – the best way is intraday (which we will be doing lots of in the room). The intraday quadrants aren’t even represented on these recent charts – you can go back in to EPIC’s story to see the intra-day quadrant work sheet (which doesn’t do anyone any good now for trading because the time/price cycle has changed since, but it will show you what I mean – they look like diamonds – they’re pink)… anyway those quadrants allow for precise intra-day trading success easily over 90% scalping all day long (we had to remove them from the current charts because we’re in the process of patent applications).

Then on to the $VIX trade I missed lol – what a day…

So at this point $VIX was at resistance (if you can really say it has support and resistance)… but anyway – it is an indicator of sorts… so I was watching close for it to take off.. and then yup – you guessed it – I got distracted with other details in my business life lol and then WIENER presented the BEST TRADE OPPORTUNITY OF THE WEEK!!! Ugh… anyway I would have been all over $TVIX trade but nope… SO STAY FOCUSED! That’s Lesson #2 so far in this post (Lesson #1 was follow your trade plan unlike I did with oil above).

Here’s the Anthony Weiner announcement…

So the $TVIX trade was worth an easy 10% gain…

$TVIX trade

$TVIX trade

I guess the only other main daytrade miss I had was $JNUG, and my trade-plan with it was simply based on the fact that the day before $JDST got a serious lift (at one point it was +8.18%)… so I was watching for a natural pull-back and a bounce in $JNUG. SO the opportunity came just before lunch and at the double-bottom that would have been an excellent place to enter.

$JUNG Trade

$JUNG Trade

There were other miscellaneous things… but that’s the bulk of lessons from my errors of the day as I see it.

BE SURE TO READ THE PRE-MARKET REPORT BEFORE MONDAY OPEN!!! Oil and metals are VERY LIKELY going to have a big week. Not to mention the market in general considering the election turmoil.

Thanks for reading and have a great weekend!

Curtis

28
Oct 2016

Today’s Trading Results – Post Market Report

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Today (yesterday really as this is late) was a frustrating day… two triggers and two losses and zero wins – one of the first days like that for a while. Fortunately the entries were not huge.

Hopefully some of my mistakes will help your trading.

$SPY $XIV $TVIX $UVXY

I am likely going to stay away from $SPY related trades until the election and $VIX related trades until right before the election.

$DXY US Dollar Index

The day started with the $DXY threatening… and oil initially did respond to it but as the day progressed oil continued to get lift off the diagonal trendline (blue on oil charts). So that was my first miss (lesson # 1) – the trend line was a high probability trigger that I should have pulled on (I would have been long $UWTI).

FX: $USOIL $WTI

As the US Dollar continued its assault $TZA continued to rise (a reminder of my alert near bottom a number of days ago that I didn’t take full advantage of) – lesson # 2.

$UGAZ

Lesson # 3 is in following through with your trade plan. Now, it is important to understand the difference between a intra-day swing trade plan and my normal trade method. My normal method is to “time” an entry so that I pull the trigger literally right before a spike so that I get 1 – 3% room to decide if I want to stay in a trade through the pullback etc… when I entered $UGAZ I wasn’t confident I’d get that 1 – 3%… I got a bit and then it pulled back and it became uncomfortable and I sold AND THEN OF COURSE IT RAN. So the lesson was obviously if I had a plan for it (which I did as I did foresee it running) then I should have been prepared for the pullback. Anyway, in the trade room I’ll be able to explain in advance of pulling trigger which trade is which type in advance of pulling trigger. Bottom line… should have stayed in it because it went in to rippy mode shortly after I sold. I should also note that when I pulled the trigger, part of the reason was I thought I’d get a bounce off the 200 MA on the 1 min as it did bounce in that way earlier a few times.

White arrows are entry and exit – you can see my entry was right above 200 and it didn’t hold. That should have either caused me to exit immediately or hold for the full swing.

$UGAZ trade - 200 MA on 1 Minute chart failed.

$UGAZ trade – 200 MA on 1 Minute chart failed.

Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Lesson #4 for the day was the inverse Gold Miner’s trade… I was all over it the night before and in the morning and got distracted with the $UGAZ trade… $JDST and $DUST were great trade opportunities missed.

$CVI – CVR Energy

This was actually a good risk reward and when it didn’t spike on a double bottom after a significant downdraft I did exit – so my risk reward was intact and normally I win in this trade. It didn’t turn my way this time… but I wouldn’t do it any different next time. You have to accept the risk with this trade.

So those were my lessons for the day! Hopefully the help your trading some!

Stay blessed and see you for Friday session soon!

Curt

 

26
Oct 2016

Today’s Post Market Report

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , Curt Melonopoly

My Day Trading Results Re-Cap

Today for me was the “miss the perfect setups trigger day” – but I still ended up on the positive side. For me it’s all about 1% a day compounded (and hopefully someday soon 3% – it’s getting close). If you haven’t seen my compound chart of 1% per day starting w 10k compounds to 1.14MM you should check out https://compoundtrading.com/lead-trader/ and I think I’ll do a full post on it soon. But bottom line is that when you focus on simple 1% days (understanding compounding money principles) it is a way less stressful and more forgiving way to trade. You avoid the hype… the pumps… all the company DD research… the risk… and on and on. You just need to know why equities trigger an intra-day spike (trigger there and watch for 1% or not) and from there it’s pretty easy.

Anyway, I had a number of setups ready right before the bell and missed the better ones (got distracted). So, I am learning that balancing day trading and a live chat room/broadcast startup requires more focus during market hours.

Here’s what happened (my wins and losses), so hopefully it helps your trading.

$UNIS

The first setup I looked at. It was a morning scan MOMO (morning momentum) possibility from a few days ago that I thought will get lift or drop (the 3 day rule http://www.fool.com/knowledge-center/what-is-the-3-day-rule-when-trading-stocks.aspx). For short sellers this is an ideal set-up – but sometimes they surprise and run so I like to watch for that because if the shorts get caught on a 3 day rule and it goes opposite – the win can be really good.

$UNIS

And, it just faded – so I left it alone.

$UA – Under Armour

Next up was Under Armour. This one had a bad downdraft on earnings / downgrade. https://www.thestreet.com/story/13868610/1/under-armour-ua-stock-retreats-cowen-downgrades-on-outlook.html?puc=yahoo&cm_ven=YAHOO

So, another morning play I will use (that normally works well) to get 1% – 3% quick pops is timing the bottom up spike. It got a really good downdraft here at 9:51 and the stock dropped.

At 10:10 I hit the buy.

Added at 10:13

10:19 I was out for a small gain – I noted it as a small loss on twitter but didn’t go back and do a correction because my day was so hectic (you will find my alerts sometimes distracted lol). Anyway, average buy 32.82 and out at 33.07 for .25 cents on 400 shares / 100.00 – not the 1% I was looking for).

$UA Stock Trade

$UA Stock Trade

$TZA – 3x Small Cap Bear ETF

Then I posted a perfect set-up with the small cap bear ETF I’ve been watching – around the election especially I’m watching this one like (it should be a hawk) – BUT FOR THE SECOND TIME in less than a week I was distracted and missed my trigger – it was such a nice trade – easy 3% or better. And frankly, there’s no excuse – as easy as taking candy from a baby.

And here’s where I would have triggered and it was sooo perfect. Absolutely no excuse – it was a text book trigger on the 1.

$TZA Stock Trade Trigger Missed

$TZA Stock Trade Trigger Missed

$DXY

So when I seen the US Dollar Index at support… that was my first trigger alert for $TZA – because the $DXY is the $TZA killer…

$VIX

Then I was on to the $VIX – which was my SECOND trigger missed – I was looking at a $TVIX or $UVXY intra-day trade – and yup – distracted and missed it. Again… so perfect. I posted when $VIX was threatening resistance and $DXY was at support and $SPY was in downdraft mode… simple simple simple. #distracted ugh.

$SPY

Here was the downdraft in $SPY and the resistance above… and when $SPY is in downdraft till things sort out.

$VIX

So here’s where $VIX broke resistance and all I had to do was wait for the back-test and possible consolidation… but ya… nope.

$USOIL $WTI

Then came the oil report… my thinking was I wasn’t sure if the upper algo target or the lower was more likely – I didn’t think we were going to see a draw down… but EPIC the oil Algo had the lower alpha algo target as most probable… anyway… almost both targets hit but I wasn’t confident in it so I though I’ll go for the build side of the bet with a volatility play and entered $TVIX with a super-tight stop – a wham – it got hit instantly for a small loss. Not the normal way I’d play the oil report FYI. So I was down .8 cents on 400 shares or (32.00) – so at this point 68.00 up on the day.

$OPGN

Then I took scanner alert trade in $OPGN in at 1.16 out 1.22 within mins at 9,000 shares / 540.00 – now I’m up 608.00 on the day.

$OPGN stock trade

$OPGN stock trade

$WTI / $USOIL

Ended up EPIC’s oil calls were almost perfectly spot on.. again I was distracted and was a little confused on my twitter feed posts etc.

So there’s the beautiful $VIX trade I missed with $TVIX

$TVIX missed stock trade (ETN)

$TVIX missed stock trade (ETN) – soooo perfectly set-up.

$UGAZ

Then I went long $UGAZ. This is another algorithm we’re working on that is on-deck. The algo is saying 44% today hit bottom (which means 44 out of 100 times – so the idea is to get a probability from the algorithm so the trader can decide to trigger or not)… anyway… the algorithm is also saying that 46% there is another leg down (or 46 times out of a 100). So I thought I’d take a trade and should have (because yes I had it set-up) entered earlier in day for a better gain. Nonetheless I got a decent little intra-day trade.

So my entry average fill was at 34.19 and exit at 34.95 (got real lucky in that time frame exiting snipe – should have been about .10 less) for .76 cents on 500 shares / 380.00 or 920.00 on the day.

I know with many small accounts for US citizens there are certain rules with leverage and 3 trade rules etc. I regularly start a 10k account and build… but I often trade over 10k closer to 16k and sell before the end of the day. The specifics of why my broker in Canada lets me do that I’m not sure and how that works for US citizens – but I’m going to look in to that so I really understand better.

I will put out a pre-market trade plan in the morning!

Stay blessed!

PS Here’s my running win rate.