Trading Journal Day 38 - Another Week Down
Another Week Down
Still recovering from my cold, so I didn't enter any new positions today. I'm pretty much fully extended right now, anyway. Having a cold doesn't stop positions from stopping out of course, but I'm aligned with the current market trend and didn't have any stops triggered today either.
That shifts the focus to stop adjustments. When I'm aligned with the trend in a position and the trade is moving in my favor, that results in regular adjustments of the stop level. I target roughly 1.5 times the 20-day Average Trading Range for each stock. The Trading Range (or True Range) of a stock is the range between the daily low and the daily high, and the Average Trading Range is a rolling average of that daily range.
If the ATR is $1, then I would start with a stop level $1.50 below my entry price. Then each time the stock moves $1 in my favor, I adjust the stop level up $1. The ATR changes from day to day, so sometimes the adjustments are higher or lower, but in line with trend. Then when the stock stops out, I consider that trend 'concluded' until I have a new buy/sell signal on either a change in trend or a return to the previous trend. If I were looking for longer term trends, I would use I higher multiple of ATR (more risk on each trade, but less likelihood of stopping out when a trend isn't really over.
[https://pixabay.com/illustrations/weekend-hello-celebrate-lettering-1756858/]
Trade Journal
I Bought
I Shorted
I Closed
Open Trades
While everything else about an open trade is established at entry, the ‘stop loss’ order will be adjusted periodically over the life of a trade. The idea is to move the stops at key price points and let the profitable trades keep running.
Stops adjusted today are in bold. As it happens, there were no stop adjustments today either.
Ticker | Entry | Direction | Size* | Date | Stop Target |
---|---|---|---|---|---|
CLVS | 12.45 | Short | 2.75% | 7/17/2019 | 6.28 |
CLVS | 11.66 | Short | 2.80% | 7/18/2019 | 6.28 |
EWI | 27.01 | Long | 17.67% | 8/30/2019 | 27.24 |
TROW | 111.44 | Long | 11.80% | 8/30/2019 | 115.17 |
MBT | 8.245 | Long | 11.82% | 9/4/2019 | 7.98 |
FCAU | 13.45 | Long | 11.90% | 9/4/2019 | 13.47 |
RSX | 22.91 | Long | 19.18% | 9/4/2019 | 23.06 |
TROW | 113.98 | Long | 12.06% | 9/5/2019 | 115.17 |
FEYE | 13.78 | Long | 8.48% | 9/6/2019 | 13.18 |
CRR | 2.02 | Long | 2.44% | 9/10/2019 | 2.25 |
GPRO | 4.52 | Long | 4.31% | 9/10/2019 | 4.21 |
WLK | 64.31 | Long | 5.94% | 9/10/2019 | 63.38 |
CMP | 53.18 | Long | 6.55% | 9/10/2019 | 54.58 |
SPB | 57.77 | Long | 7.56% | 9/10/2019 | 58.52 |
RSX | 23.19 | Long | 16.78% | 9/11/2019 | 23.06 |
CMP | 55.4 | Long | 6.82% | 9/11/2019 | 54.58 |
GPS | 19.09 | Long | 5.00% | 9/11/2019 | 17.90 |
Total Long 147.86%
Total Short 5.55%
Approximate position sizes are given as a percentage of trading account. Use of leverage is intended, so % of portfolio may exceed 100%
Closed Trades
Ticker | Gain/Loss | Size | Portfolio % | Days Held | Opened | Closed |
---|---|---|---|---|---|---|
CSX | -2.72% | 10.52% | -0.29% | 0 | 7/17/2019 | 7/17/2019 |
EBAY | -2.54% | 11.97% | -0.30% | 0 | 7/18/2019 | 7/18/2019 |
ADM | -2.52% | 12.69% | -0.32% | 1 | 7/18/2019 | 7/19/2019 |
CSX | -3.90% | 8.36% | -0.33% | 1 | 7/18/2019 | 7/19/2019 |
THRM | -5.28% | 7.68% | -0.41% | 1 | 7/18/2019 | 7/19/2019 |
PCAR | -1.25% | 10.31% | -0.13% | 5 | 7/18/2019 | 7/23/2019 |
PCAR | -3.32% | 11.45% | -0.38% | 0 | 7/23/2019 | 7/23/2019 |
EPR | -2.55% | 12.42% | -0.32% | 1 | 7/22/2019 | 7/23/2019 |
EW | 8.51% | 11.75% | 1.00% | 2 | 7/22/2019 | 7/24/2019 |
EW | -2.47% | 10.02% | -0.25% | 0 | 7/24/2019 | 7/24/2019 |
NTGR | 18.02% | 6.49% | 1.17% | 1 | 7/24/2019 | 7/25/2019 |
NTGR | 13.90% | 6.72% | 0.93% | 1 | 7/24/2019 | 7/25/2019 |
CHRW | -2.88% | 8.52% | -0.25% | 1 | 7/24/2019 | 7/25/2019 |
NUVA | -4.88% | 6.64% | -0.32% | 5 | 7/24/2019 | 7/29/2019 |
CMI | -7.36% | 9.20% | -0.68% | 6 | 7/24/2019 | 7/30/2019 |
WPM | 3.28% | 8.43% | 0.28% | 14 | 7/17/2019 | 7/31/2019 |
WPM | 1.39% | 8.32% | 0.12% | 13 | 7/18/2019 | 7/31/2019 |
AAPL | 3.24% | 9.60% | 0.31% | 7 | 7/24/2019 | 7/31/2019 |
BTX | -9.22% | 2.25% | -0.21% | 5 | 7/26/2019 | 7/31/2019 |
PG | -1.82% | 11.88% | -0.22% | 1 | 7/30/2019 | 7/31/2019 |
AAPL | -2.38% | 9.71% | -0.23% | 0 | 7/31/2019 | 7/31/2019 |
UTHR | -4.07% | 5.46% | -0.22% | 0 | 7/31/2019 | 7/31/2019 |
TROW | -0.91% | 8.84% | -0.01% | 8 | 7/24/2019 | 8/1/2019 |
MGA | -3.32% | 7.32% | -0.24% | 8 | 7/24/2019 | 8/1/2019 |
SWKS | -3.55% | 6.86% | -0.24% | 8 | 7/24/2019 | 8/1/2019 |
TROW | -2.75% | 8.37% | -0.23% | 7 | 7/25/2019 | 8/1/2019 |
SLCA | -9.26% | 2.68% | -0.25% | 1 | 7/31/2019 | 8/1/2019 |
EAF | -4.93% | 4.39% | -0.22% | 1 | 7/31/2019 | 8/1/2019 |
IBM | -2.12% | 8.80% | -0.19% | 0 | 8/1/2019 | 8/1/2019 |
ALNY | -0.81% | 6.04% | -0.05% | 15 | 7/18/2019 | 8/2/2019 |
ALNY | -4.65% | 4.75% | -0.22% | 2 | 7/31/2019 | 8/2/2019 |
BAX | -0.11% | 14.10% | -0.02% | 18 | 7/18/2019 | 8/5/2019 |
BAX | -2.45% | 10.53% | -0.26% | 11 | 7/25/2019 | 8/5/2019 |
OR | -0.54% | 4.71% | -0.03% | 1 | 8/5/2019 | 8/6/2019 |
OR | -3.93% | 4.88% | -0.19% | 1 | 8/5/2019 | 8/6/2019 |
FOSL | -8.03% | 2.32% | -0.19% | 1 | 8/5/2019 | 8/6/2019 |
GWPH | -4.06% | 4.88% | -0.20% | 21 | 7/17/2019 | 8/7/2019 |
PEP | 0.71% | 14.34% | 0.10% | 17 | 7/22/2019 | 8/8/2019 |
EWW | 4.42% | 10.95% | 0.48% | 17 | 7/22/2019 | 8/8/2019 |
EWW | 2.71% | 7.73% | 0.21% | 13 | 7/26/2019 | 8/8/2019 |
RACE | 0.56% | 10.65% | 0.06% | 9 | 7/30/2019 | 8/8/2019 |
EWU | 3.55% | 18.54% | 0.66% | 8 | 7/31/2019 | 8/8/2019 |
AMZN | 2.61% | 10.31% | 0.27% | 8 | 7/31/2019 | 8/8/2019 |
DUK | -2.39% | 10.92% | -0.26% | 16 | 7/24/2019 | 8/9/2019 |
SLV | -2.07% | 8.99% | -0.19% | 6 | 8/7/2019 | 8/13/2019 |
GDXJ | -4.11% | 4.60% | -0.19% | 9 | 8/5/2019 | 8/13/2019 |
SEE | -0.98% | 6.40% | -0.06% | 12 | 8/2/2019 | 8/14/2019 |
SEE | -3.83% | 5.49% | -0.21% | 6 | 8/8/2019 | 8/14/2019 |
COO | -2.70% | 7.55% | -0.20% | 1 | 8/13/2019 | 8/14/2019 |
JNJ | -2.30% | 9.57% | -0.22% | 1 | 8/13/2019 | 8/14/2019 |
EWI | 3.99% | 13.54% | 0.54% | 20 | 7/30/2019 | 8/19/2019 |
CC | 24.56% | 2.45% | 0.60% | 30 | 7/23/2019 | 8/21/2019 |
BA | 3.66% | 5.86% | 0.21% | 27 | 7/25/2019 | 8/21/2019 |
BA | 1.39% | 5.59% | 0.07% | 22 | 7/30/2019 | 8/21/2019 |
NWL | -0.84% | 3.47% | -0.03% | 16 | 8/7/2019 | 8/23/2019 |
NWL | -4.77% | 7.88% | -0.38% | 1 | 8/22/2019 | 8/23/2019 |
LYB | 13.13% | 6.87% | 0.90% | 30 | 7/30/2019 | 8/29/2019 |
CLCT | 6.25% | 4.15% | -0.26% | 12 | 8/15/2019 | 8/27/2019 |
EB | 0% | 3.88% | 0% | 7 | 8/16/2019 | 8/23/2019 |
EB | -6.29% | 4.81% | -0.30% | 4 | 8/19/2019 | 8/23/2019 |
EXK | -4.01% | 2.46% | -0.09% | 2 | 9/3/2019 | 9/5/2019 |
EXK | -9.38% | 4.56% | -0.43% | 2 | 9/3/2019 | 9/5/2019 |
DBO | -3.93% | 9.54% | -0.38% | 1 | 9/5/2019 | 9/6/2019 |
SUI | 7.83% | 7.90% | 0.62% | 33 | 8/7/2019 | 9/9/2019 |
BAX | 0.87% | 8.11% | 0.07% | 27 | 8/13/2019 | 9/9/2019 |
IHI | -2.24% | 16.81% | -0.38% | 13 | 8/30/2019 | 9/10/2019 |
SAFM | -2.37% | 8.68% | -0.21% | 13 | 8/30/2019 | 9/10/2019 |
BRO | -2.38% | 15.63% | -0.37% | 13 | 8/30/2019 | 9/10/2019 |
FRGI | -7.62% | 4.58% | -0.35% | 13 | 8/30/2019 | 9/10/2019 |
JBLU | -4.17% | 9.06% | -0.39% | 8 | 9/4/2019 | 9/12/2019 |
Wins: 18 trades, 8.60% total gain
Losses: 50 trades, -12.06% total loss
Win Ratio: 26.47% of completed trades
Net Gain: -3.46%
Gain/Loss given as percentage on notional value of trade, with size a percentage of trading account. G/L x Size = % change of account value based on trade outcome. Days Held shows as 0 when a position was opened and closed in the same day (day trade).
Evaluating all position outcomes from Closed Trades, over a large enough sample, could support an approximate calculation of total portfolio return. Actual results may vary.
This is my trading journal. Results are published for entertainment purposes. This is not financial advice. This is not legal advice. This is not even advice.
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