Is it okay to post with any indicator in this chart?
Not certain what you mean? If you are asking if it is possible to post charts which have indicators on them, sure... many of my charts don't have them I don't judge.Originally Posted by ;
I have a pretty particular method of trading, but if you think the chart adds to the thread go right ahead!
two rankings:
1 new: BLL
1 bigger: CHD
I had been long from $55.50ish but now I purchased a couple more here at the low $59s.
Both are partially hedged by owning out of the money puts (you can consider such as my stop loss point).
BLL: Jan $42.50 puts
CHD: Jan $55 puts
I bought three stocks today. Here are the charts from the weekend (does not include the current price action).
I got long this thing today. Wonderful close at a high. All-time highs not too much off (in the dot-com peak).
Putting my halt either at $73ish or just under $69. Instead, if you do not like the entry here, you might try to wait for a re-test of $76-77 (old ) to try to get cute with all the entry. It is not possible to rule out this re-testing that lower trendline of approximately $66 either. So that's a lot of different approaches to look at the risk. In any event, if you give that enough room I think it might keep charging higher.
Have a Wonderful weekend all.
An older trader saying is Know what you own and why you own it. As I'm sure anyone who reads this thread understands I buy a lot of breakouts to new highs. I'll also sometimes buy pull springs to obvious support levels. So we have had a huge sell off in US Stocks that has ruined a lot of charts that I liked. It illustrates the importance of stops. Anyone who held on through the carnage would be feeling the pain, but being stopped out raises cash and can help you avoid large drawdowns.
Anycase... It is an ugly looking market -- whether it is the start of a bigger correction is anybody's guess. If it is not, it presents an opportunity to buy stocks on the cheap. One that appears somewhat interesting for me is CAT. Chart looks super awful, but it is coming some interesting points. $110-115 has been the full of 2011-2013 and then again in mid 2014. It is also the stage between the low of $56 and high of 173ish. It may have more drawback here, however you can set your stop either in the 108-area or below $100.
Here is one that is a tiny bit more nuanced. I'll come across charts which appear remarkably similar. In this case all the firms are Real Estate Investment Trusts (REITs). To me, in these cases it makes sense to consider them all. Following is a trade where I'm long all 4 of these stocks, but really thinking about it as one 26, I took. TradingView will really let you graph them as 1 safety, which I think is fairly cool (that is what the chart shows, the value of the transaction over time)
The sizes are somewhat arbitrary -- for example in the event that you just wanted $10k from the trade, you'd just scale this trade down into the below:
LPT $48.59 x 51 stocks
AVB $198.97 x 13
DRE $30.57 x 82
UDR $45.13 x 55
But the chart would pretty much look the same:
One factor to note here is that these types of trades just make sense when you've got a inexpensive broker. Doing trades in this way on very modest size with larger commissions will eat you alive.
This thread should be re-titled Sean's breakout thread since that's all I post recently.
Here are two I took this week. 1 candle finished far better than the other and I am sure it is not tough to see which. Either way I enjoy both and may buy more of each. Consider REXR as a portion of this transaction I entered above, so today I have 5 REIT titles as part of the basket over.
MDLZ
REXR
For any of you who do trade stocks, there is a tool from Morningstar called instant x ray that can be pretty useful. If you're curious what my portfolio looks like these days, here's what they spit out...
a number of these titles should be aware of those that have seen some of the charts I've posted over the past couple of months/years.