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T0rM3nTeD's paper trading journal

Discussion in 'Trade Journals' started by T0rm3nted, Apr 12, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    Just entered into FCAU again.

    Symbol: FCAU (LONG)
    Date Entered: 6/10/16
    Price Entered: $6.90
    # of shares: 525
    Total Investment: $3,622.50
    Stop set: $6.58 (MAX RISK $168.13 - 2% portfolio)
    Target set: $8.14 (TARGET GAINS $631 - 17.97% profit)
    Current profit/loss: +0.22%
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Opened a position in FCX.

    Symbol: FCX (LONG)
    Date Entered: 6/10/16
    Price Entered: $10.28
    # of shares: 376
    Total Investment: $3,865.28
    Stop set: $9.80 (MAX RISK $180.51 - 2% portfolio)
    Target set: $12 (TARGET GAINS $626.72 - 16.73% profit)
    Current profit/loss: +0.49%
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Weekly update on OPEN positions (total gain/loss since position was started):

    LONG plays:

    • GE: Entry price $30.89. Current price $30.04. -2.75%
    • DIS: Entry price $104.14. Current price $97.34. -6.53%
    • KMI: Entry price $17.08. Current price $17.51. +2.52%
    • BAC: Entry price $14.11. Current price $13.83. -1.98%
    • BYD: Entry price $18.49. Current price $18.84. +1.89%
    • BP: Entry price $30.78. Current price $32.22. +4.68%
    • AMSG: Entry price $75.31. Current price $80.11. +6.37%
    • AMD: Entry price $4.31. Current price $4.32. +0.23%
    • SLV: Entry price $15.57. Current price $16.49. +5.91%
    • FCAU: Entry price $6.90. Current price $6.87. -0.43%
    • FCX: Entry price $10.28. Current price $10.36. +0.78%
    SHORT plays:
    • None open
    --------------------------------------------

    Weekly update on CLOSED positions this week:

    LONG plays:

    • BAC: Entry price $14.15. Exit price $14.62. +3.32%
    • RH: Entry price $32.95. Exit price $35.68. +8.29%
    SHORT plays:
    • XRX: Entry price $9.90. Exit price $10.21. -3.13%
    ---------------------------------------------

    Things I'm currently watching closely next week and in the near future:
    • DIS to move up past $100 and the 50MA. I've gotten pretty aggravated with this one. Shanghai resort opens up on Thursday the 16th, and the Dory movie comes out the day after. I'll be looking to exit early the week of the 20th hoping for a big jump before then based on these two events. Otherwise, I'll be taking a loss on it and moving on to greener pastures.
    • GE to announce their dividend soon.
    • SCTY looks interesting for a possible entry if it drops down under $20.
    • BP went above my target price of $33.15 on Thursday and I missed my exit. The market dropped before open Friday so I didn't get the chance to exit. Hopefully we have an early recovery next week so I can sell at or above my target price early.
    • AMSG to get up over $82 to hit my target for an exit. It's getting closer.
    • AMD to have a good week with E3 starting on Monday.
    • SLV to continue up towards $17 to hit my target. I may lock this up earlier if it starts to head back down.
    • BAC to make a recovery after this bloody Friday. I sold it for a gain last week before the Yellen speech and got an entry under my original price.
    • MCD to drop down to $118 for an entry with a target price of $131.50.
    • ATVI to drop down under $37 for an entry with a target price of $40. It's trading in a nice little channel right now.
    • SKX to continue heading back down to the $26 range for another swing trade up to $34. It's been trading in that 26-34 channel since last October, bouncing off each 2-3 times. Under $30 now and could be getting closer by the end of the week if it continues downwards.
    • TWTR is back in the low $14's. I could try and take this one up to $15, but I'm still sour on TWTR.
    I was up a whole bunch until yesterday when everything dropped dramatically. If the market recovers early next week, I should be getting close to exits on multiple positions including: DIS, KMI, BYD, BP, AMSG, AMD, and SLV.
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Closed my position in AMSG today at $79.86. Will post details later.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Forgot to post the details of my AMSG close yesterday. Details and thoughts below.

    Symbol:
    AMSG (LONG)
    Date Entered: 6/2/16
    Price Entered: $75.31
    # of shares: 104
    Total Investment: $7,832.24
    Stop set: $73.80 (MAX RISK $167.94 - 2% portfolio loss)
    Target set: $82 (TARGET GAINS $675.76 - 8.88% profit)
    Date Exited: 6/16/16
    Price Exited: $79.86
    % Return: +6.04%
    Profit (after $20 total trading fees): +$453.20
    Immediate Thoughts: I entered into AMSG because it was forming an inverse head and shoulders pattern, was just bouncing off support, the 50MA was crossing over the 200MA, MACD was crossing over, and there was a bullish engulfing pattern. All of these bullish signals compelled me to an entry. I lowered my target from $82 to $82 as the market was continually heading down and with fear of Brexit and a potential stock market slide, I decided to lock up profits if it hit $80. I got out a little early, as after selling, the stock rose up to nearly $81, so I could have waited a little longer. I'm not upset with how the trade played out though, as it did end up dropping later yesterday to mid $78's!
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Weekly update on OPEN positions (total gain/loss since position was started):

    LONG plays:

    • GE: Entry price $30.89. Current price $30.60. -0.94%
    • DIS: Entry price $104.14. Current price $99.00. -4.94%
    • KMI: Entry price $17.08. Current price $18.04. +5.62%
    • BAC: Entry price $14.11. Current price $13.40. -5.03%
    • BYD: Entry price $18.49. Current price $18.69. +1.08%
    • BP: Entry price $30.78. Current price $32.75. +6.40%
    • AMD: Entry price $4.31. Current price $5.26. +22.04%
    • SLV: Entry price $15.57. Current price $16.60. +6.62%
    • FCAU: Entry price $6.90. Current price $6.76. -2.03%
    • FCX: Entry price $10.28. Current price $11.14. +8.37%
    SHORT plays:
    • None open
    --------------------------------------------

    Weekly update on CLOSED positions this week:

    LONG plays:

    • AMSG: Entry price $75.31. Exit price $79.86. +6.04%
    SHORT plays:
    • None
    ---------------------------------------------

    Things I'm currently watching closely next week and in the near future:
    • DIS to move up past $100 and the 50MA. I've gotten pretty aggravated with this one. Shanghai resort opened up on Thursday the 16th, and the Dory movie just came out on Friday. The Alligator incident really stopped this one from moving up, and could cause some hurdles with law suits and poor public perception. I'll be looking to close this early next week unless something dramatic changes. I'm ready to just cut my losses on this one.
    • SCTY looks interesting for a possible entry if it drops down under $20.
    • BP to return to the $33's for an exit.
    • AMD to continue the push up to $6
    • SLV to continue up towards $17 to hit my target. I may lock this up earlier if it starts to head back down.
    • FCAU to get above $7 this week, so it can continue up towards $8.
    • FCX to get up to $12 for an exit.
    • KMI to get up to $19 for an exit.
    • BAC to make a recovery. If it can get up near $14, I may exit for a small loss. I don't think this has much upside after the last FOMC and Yellen speech. Great deal long-term, but I don't want to have capital tied up when I don't see this going up any time soon.
    • MCD to drop down to $118 for an entry with a target price of $131.50.
    • ATVI to drop down under $37 for an entry with a target price of $40. It's trading in a nice little channel right now.
    • SKX to continue heading back down to the $26 range for another swing trade up to $34. It's been trading in that 26-34 channel since last October, bouncing off each 2-3 times. Under $30 now and could be getting closer by the end of the week if it continues downwards.
    • WGO could be a possible entry on Monday
    Strong close on the week. Will be considering locking up some profit if Brexit fears start to increase. I'm up a lot on a lot of positions, and it would be sad to give it all back for something that shouldn't really affect America that much.
     
    Tiptopptrader likes this.
  7. T0rm3nted

    T0rm3nted Moderator
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    Just sold BP at $33.70. Details later.
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Opened a short position in XRX at $9.94. Details later.
     
  9. T0rm3nted

    T0rm3nted Moderator
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    Just closed FCX at $11.80. Details later.
     
  10. T0rm3nted

    T0rm3nted Moderator
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    Just closed my position in KMI at $18.72. Details later.

    Sorry I haven't gotten around to details on the above 3 (now 4). Forgot to type them up last night, and will be real busy today and probably won't get to it. Tomorrow morning I'll get the details up.
     
  11. T0rm3nted

    T0rm3nted Moderator
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    Details from the 3 closed positions above + 1 opened position posted last.

    Symbol:
    KMI (LONG)
    Date Entered: 5/10/16
    Price Entered: $17.08
    # of shares: 393
    Total Investment: $6,712.44
    Stop set: $16.40 (MAX RISK $239.70 - 3% portfolio loss)
    Target set: $19.03 (TARGET GAINS $746.35 - 11.42% profit)
    Date Exited: 6/21/16
    Price Exited: $18.72
    % Return: +9.60%
    Profit (after $20 total trading fees): +$624.52
    Immediate Thoughts: I entered into KMI because it has traded in a perfect channel between $17-$19 since mid February while hitting both the top and bottom of the channel multiple times. Until it breaks out, I'll continue to play that range and enter around $17 with a target of $19. There wasn't much more to it than that. I was hoping for a quicker turnaround, but can't complain with the results!

    Symbol: BP (LONG)
    Date Entered: 6/1/16
    Price Entered: $30.78
    # of shares: 109
    Total Investment: $3,355.02
    Stop set: $30.50 (MAX RISK $84.67 - 1% portfolio loss)
    Target set: $33.15 (TARGET GAINS $238.33 - 7.70% profit)
    Date Exited: 6/20/16
    Price Exited: $33.70
    % Return: +9.49%
    Profit (after $20 total trading fees): +$298.28
    Immediate Thoughts: I entered into BP because the 50MA had just crossed over the 200MA, and the 200MA was about to act as strong support. I set a relatively tight stop and was ready to exit for a small loss if it came to that. The bounce occurred as expected, but I exited the trade much to early as it's now up to $34.46 and would have resulted in another 1.6% gains. Oh well, can't be upset when you make profit.

    Symbol: FCX (LONG)
    Date Entered: 6/10/16
    Price Entered: $10.28
    # of shares: 376
    Total Investment: $3,865.28
    Stop set: $9.80 (MAX RISK $180.51 - 2% portfolio loss)
    Target set: $12 (TARGET GAINS $626.72 - 16.73% profit)
    Date Exited: 6/20/16
    Price Exited: $11.80
    % Return: +14.79%
    Profit (after $20 total trading fees): +$551.52
    Immediate Thoughts: I entered into FCX because it had strong support at the $10 round number level. I again set a stop underneath $10, but the bounce occured and got close enough to my target that I could exit. There wasn't really much more to this one. Just another successful trade in the books.

    Symbol: XRX (SHORT)
    Date Entered: 6/20/16
    Price Entered: $9.94
    # of shares: 654
    Total Investment: $6,490.76
    Stop set: $10.04 (MAX RISK $143.94 - 1.50% portfolio)
    Target set: $9.05 (TARGET GAINS $552.06 - 8.95% profit)
    Current profit/loss: +0.50%
     
    leonx81 and Tiptopptrader like this.
  12. T0rm3nted

    T0rm3nted Moderator
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    Just entered into NAV at $12.96. Details soon.
     
  13. T0rm3nted

    T0rm3nted Moderator
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    Details on NAV trade mentioned above.

    Symbol:
    NAV (LONG)
    Date Entered: 6/23/16
    Price Entered: $12.96
    # of shares: 172
    Total Investment: $2,229.12
    Stop set: $12.40 (MAX RISK $96.14 - 1% portfolio)
    Target set: $15 (TARGET GAINS $330.88 - 15.74% profit)
    Current profit/loss: +0.85%
     
  14. T0rm3nted

    T0rm3nted Moderator
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    I closed a few positions this week ahead of Brexit, and apparently should have closed more. However, I decided I was going to hold them as I don't think the market will be going down as much as a lot of people are predicting and could make a decent recovery. I did not sell any positions at open today.

    I'm still holding a short position in XRX and a long position in SLV which I'm hoping will keep me afloat until the market turns around.
     
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  15. T0rm3nted

    T0rm3nted Moderator
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    Closed my position in DIS today. I know I said I was going to hold everything, but I've been sick of DIS for awhile now and wanted to dump it quite a few times. I told myself to dump it when it broke back into the $100's. I tried to dump it last week but had poor service at the time. I told myself to drop it a few days ago, etc. Today I just bit the bullet and sold. Another reason was to free up funds for the dips we will be seeing post-brexit shock.

    Symbol:
    DIS (LONG)
    Date Entered: 4/28/16
    Price Entered: $104.14
    # of shares: 43
    Total Investment: $4,478.02
    Stop set: $102.50 (MAX RISK $70 - <1% portfolio loss) originally. I ignored it multiple times trading on emotion.
    Target set: $120 (TARGET GAINS $661.98 - 15.23% profit)
    Date Exited: 6/24/16
    Price Exited: $95.33
    % Return: -8.46%
    Profit (after $20 total trading fees): -$398.83
    Immediate Thoughts: I entered into DIS as it had just broken through resistance at $100 after consolidating just under $100 for quite some time. The stock had also just gotten over the 200MA. Earnings was approaching a couple weeks later and DIS had not missed earnings in 5 years. DIS missed earnings, remained above $100, consolidated for awhile, then began the slow drop that it would never recover from until Brexit, where it had another big gap down. Like I said above, I told myself to exit multiple times, including at my stop loss. To this point, I had/have done really good at sticking to my trading plan and rarely deviating. This trade was all emotion multiple times, and I have learned my lesson. Cut my losses when my trade goes sour and move on to fight another day down only 2.5% instead of 8.5%.
     
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  16. T0rm3nted

    T0rm3nted Moderator
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    Just closed my short position in XRX. Hit my target + the ex-div-date is tomorrow so I wanted out before then anyways. Details later tonight.
     
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  17. T0rm3nted

    T0rm3nted Moderator
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    Closed my position in XRX earlier today as I mentioned above:

    Symbol:
    XRX (SHORT)
    Date Entered: 6/20/16
    Price Entered: $9.94
    # of shares: 654
    Total Investment: $6,490.76
    Stop set: $10.04 (MAX RISK $143.94 - 2% portfolio loss)
    Target set: $9.05 (TARGET GAINS $552.06 - 8.95% profit)
    Date Exited: 6/27/16
    Price Exited: $9.03
    % Return: +9.15%
    Profit (after $20 total trading fees): +$565.14
    Immediate Thoughts: I entered into XRX as it had resistance above with the 50MA and 200MA. The 50MA had also just crossed under the 200MA creating a bearish outlook. MACD had also just crossed over for a more bearish outlook. I set a tight stop loss above the round number of $10. I hit my target today much quicker than anticipated, with the assistance of Brexit. I missed out on some profit, as the stock dropped to $8.96, but I decided to lock up profit ahead of the ex-div-date tomorrow.
     
  18. T0rm3nted

    T0rm3nted Moderator
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    I closed my position in SLV this morning at $16.88. Details later.
     
  19. T0rm3nted

    T0rm3nted Moderator
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    Entered into a position in WYNN at $87.56. Details later.
     
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  20. T0rm3nted

    T0rm3nted Moderator
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    Closed my position in SLV today and opened up a position in WYNN. Details below.

    Symbol:
    SLV (LONG)
    Date Entered: 6/7/16
    Price Entered: $15.57
    # of shares: 486
    Total Investment: $7,567.02
    Stop set: $15.50 (MAX RISK $87.42 - 1% portfolio loss)
    Target set: $17 (TARGET GAINS $674.98 - 9.18% profit)
    Date Exited: 6/28/16
    Price Exited: $16.88
    % Return: +8.41%
    Profit (after $20 total trading fees): +$616.66
    Immediate Thoughts: I entered into SLV as it was consolidating right above the 50MA on the 6th. I put a market order in for market open and got a much better price at $15.57, just $0.07 above my stop. It opened below the 50MA but gapped up the next day. My target was resistance at $17, which it got closer and closer to as Brexit dragged the market down. I missed a little profit, but still locked up quite a bit. Successful trade in my book.

    Symbol: WYNN (LONG)
    Date Entered: 6/28/16
    Price Entered: $87.58
    # of shares: 74
    Total Investment: $6,480.92
    Stop set: $85 (MAX RISK $190.42 - 2% portfolio)
    Target set: $105 (TARGET GAINS $1,269.08 - 19.89% profit)
    Current profit/loss: +0.80%
     
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