Trading Journal Day 38 - Another Week Down

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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.

weekend1756858_960_720.jpg
[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.

TickerEntryDirectionSize*DateStop Target
CLVS12.45Short2.75%7/17/20196.28
CLVS11.66Short2.80%7/18/20196.28
EWI27.01Long17.67%8/30/201927.24
TROW111.44Long11.80%8/30/2019115.17
MBT8.245Long11.82%9/4/20197.98
FCAU13.45Long11.90%9/4/201913.47
RSX22.91Long19.18%9/4/201923.06
TROW113.98Long12.06%9/5/2019115.17
FEYE13.78Long8.48%9/6/201913.18
CRR2.02Long2.44%9/10/20192.25
GPRO4.52Long4.31%9/10/20194.21
WLK64.31Long5.94%9/10/201963.38
CMP53.18Long6.55%9/10/201954.58
SPB57.77Long7.56%9/10/201958.52
RSX23.19Long16.78%9/11/201923.06
CMP55.4Long6.82%9/11/201954.58
GPS19.09Long5.00%9/11/201917.90

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

TickerGain/LossSizePortfolio %Days HeldOpenedClosed
CSX-2.72%10.52%-0.29%07/17/20197/17/2019
EBAY-2.54%11.97%-0.30%07/18/20197/18/2019
ADM-2.52%12.69%-0.32%17/18/20197/19/2019
CSX-3.90%8.36%-0.33%17/18/20197/19/2019
THRM-5.28%7.68%-0.41%17/18/20197/19/2019
PCAR-1.25%10.31%-0.13%57/18/20197/23/2019
PCAR-3.32%11.45%-0.38%07/23/20197/23/2019
EPR-2.55%12.42%-0.32%17/22/20197/23/2019
EW8.51%11.75%1.00%27/22/20197/24/2019
EW-2.47%10.02%-0.25%07/24/20197/24/2019
NTGR18.02%6.49%1.17%17/24/20197/25/2019
NTGR13.90%6.72%0.93%17/24/20197/25/2019
CHRW-2.88%8.52%-0.25%17/24/20197/25/2019
NUVA-4.88%6.64%-0.32%57/24/20197/29/2019
CMI-7.36%9.20%-0.68%67/24/20197/30/2019
WPM3.28%8.43%0.28%147/17/20197/31/2019
WPM1.39%8.32%0.12%137/18/20197/31/2019
AAPL3.24%9.60%0.31%77/24/20197/31/2019
BTX-9.22%2.25%-0.21%57/26/20197/31/2019
PG-1.82%11.88%-0.22%17/30/20197/31/2019
AAPL-2.38%9.71%-0.23%07/31/20197/31/2019
UTHR-4.07%5.46%-0.22%07/31/20197/31/2019
TROW-0.91%8.84%-0.01%87/24/20198/1/2019
MGA-3.32%7.32%-0.24%87/24/20198/1/2019
SWKS-3.55%6.86%-0.24%87/24/20198/1/2019
TROW-2.75%8.37%-0.23%77/25/20198/1/2019
SLCA-9.26%2.68%-0.25%17/31/20198/1/2019
EAF-4.93%4.39%-0.22%17/31/20198/1/2019
IBM-2.12%8.80%-0.19%08/1/20198/1/2019
ALNY-0.81%6.04%-0.05%157/18/20198/2/2019
ALNY-4.65%4.75%-0.22%27/31/20198/2/2019
BAX-0.11%14.10%-0.02%187/18/20198/5/2019
BAX-2.45%10.53%-0.26%117/25/20198/5/2019
OR-0.54%4.71%-0.03%18/5/20198/6/2019
OR-3.93%4.88%-0.19%18/5/20198/6/2019
FOSL-8.03%2.32%-0.19%18/5/20198/6/2019
GWPH-4.06%4.88%-0.20%217/17/20198/7/2019
PEP0.71%14.34%0.10%177/22/20198/8/2019
EWW4.42%10.95%0.48%177/22/20198/8/2019
EWW2.71%7.73%0.21%137/26/20198/8/2019
RACE0.56%10.65%0.06%97/30/20198/8/2019
EWU3.55%18.54%0.66%87/31/20198/8/2019
AMZN2.61%10.31%0.27%87/31/20198/8/2019
DUK-2.39%10.92%-0.26%167/24/20198/9/2019
SLV-2.07%8.99%-0.19%68/7/20198/13/2019
GDXJ-4.11%4.60%-0.19%98/5/20198/13/2019
SEE-0.98%6.40%-0.06%128/2/20198/14/2019
SEE-3.83%5.49%-0.21%68/8/20198/14/2019
COO-2.70%7.55%-0.20%18/13/20198/14/2019
JNJ-2.30%9.57%-0.22%18/13/20198/14/2019
EWI3.99%13.54%0.54%207/30/20198/19/2019
CC24.56%2.45%0.60%307/23/20198/21/2019
BA3.66%5.86%0.21%277/25/20198/21/2019
BA1.39%5.59%0.07%227/30/20198/21/2019
NWL-0.84%3.47%-0.03%168/7/20198/23/2019
NWL-4.77%7.88%-0.38%18/22/20198/23/2019
LYB13.13%6.87%0.90%307/30/20198/29/2019
CLCT6.25%4.15%-0.26%128/15/20198/27/2019
EB0%3.88%0%78/16/20198/23/2019
EB-6.29%4.81%-0.30%48/19/20198/23/2019
EXK-4.01%2.46%-0.09%29/3/20199/5/2019
EXK-9.38%4.56%-0.43%29/3/20199/5/2019
DBO-3.93%9.54%-0.38%19/5/20199/6/2019
SUI7.83%7.90%0.62%338/7/20199/9/2019
BAX0.87%8.11%0.07%278/13/20199/9/2019
IHI-2.24%16.81%-0.38%138/30/20199/10/2019
SAFM-2.37%8.68%-0.21%138/30/20199/10/2019
BRO-2.38%15.63%-0.37%138/30/20199/10/2019
FRGI-7.62%4.58%-0.35%138/30/20199/10/2019
JBLU-4.17%9.06%-0.39%89/4/20199/12/2019

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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4 comments
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Thanks being awesome NBC holder! Your 5.00 NBC earned you 2% team-cn upvotes!

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