Trading Analysis

Ticker: ANGI

I am officially too poor to trade now, so I have resulted to doing trade analysis for myself to practice. This will help me in the long run because it will force me to look at each trade carefully and remind me of things I should be looking out for.  

I made this analysis on today's volatile mover ANGI. At first glance, the analysis may be very complicated and I am not sure if I am actually on the right track here. I made it based on my own experiences trading. So as I was watching this chart, there was this one bar that convinced me to buy, but I read the situation completely wrong. Luckily, I did not buy. After the morning move was completed, I went back to the drawing board to write up what I should have done.  

Analysis for Bounce Play

This chart had a huge day yesterday and during pre-market today, this chart just gapped down. My first indicator shows huge interest and it is ultimately negative as it gapped down and closed red. This means that the buyers were not able to overcome the sellers at this point. The next two bars, the price jumped, but the interest of the stock went down. This would have been a great place for me to start my short. 

On this analysis, I focus on when the bounce is. Indicator 3 was where I thought the bounce was initially, but looking back, I was foolish because the the volume did not even spike yet. I completely forgot about volume which is not a good sign. 

Start from Indicator 1 through 8 and it will tell you what indicators there are. I will be looking at this chart for review everyday. Since I am out of money, I will look for charts like these and maybe even swing charts and try to come up with signs of when to long or short.

In other news, I was stopped out of FMD @ $5.33. Fuck me.

Please let me know if you have any comments or opinions. I would like to know if you have spotted any mistakes in my logic.

The Eighteenth: Slow And Steady

Summary

I felt more focused today and was able to actually make okay trades. I still lost because of my initial entries and blunders, but it is much better than how I did last week. Hopefully more days like these are to come and I can finally start building my account. 

Just like my stupid mistake, I entered a limit instead of stop-limit which costed me commission and a good entry price. I seriously need to double check every time before I make a trade. I need to get used to just having it right.

Ticker: GENE

I was happy to say that I was using multiple time frames for this chart, but I did not focus enough. I was looking for a bounce and after the first higher high and higher low, I dove in. Unfortunately, at this time, I did not pay attention to the 1 minute chart which could have saved me a lot of headache.

My charts looked a little different live because I was using TD Architect, but I was not paying attention. I should have known that my buy in was still a pop for the overall downtrend. The 15 minute chart made it seem like it would bounce from here. Both of the information combined helps tremendously, but I need to use them better to be more effective.

Note: I liked how I used the 15 minute, 5 minute, and 1 minute charts to help determine where the bounce was. I was primarily using the 15 minute because it seemed like this chart would take a bit longer to find a bottom. Half and whole dollar marks help, but I still need to focus to see similar patterns to be sure that my bounce is not just a pop.

Note: I liked how I got out quickly once I realized it was a mistake. I then was patient and made back some of the money by noticing a lower high @ $9.12. I am happy that I did not over trade this stock.  

Ticker: FMD

I got in for a swing short @ $5.32. However, I was stupid and sold out by setting the wrong order. I then re-shorted @ $5.27. My stop is @ $5.33 for this one.

Note: If I am going to keep putting in the wrong orders, I should stop trading. This is ridiculous because it is a novice mistake.

Please let me know if you have any comments or opinions. I would like to know if you have spotted any mistakes in my logic.