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Swinging Stocks in the Dude's Style


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Swinging Stocks in the Dude's Style

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  #11 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
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SomePsychoDude View Post
In order to not waste an opportunity, bought some of that pyramid scheme. I don't believe in cryptos long-term, but they are better for speculation than penny/otc stocks. Will be holding that trash bin until long-term momentum comes to its end.
DENT

Right now, I holding only this trade. I put into it 10k USD and it's up +160%, after 14 days. Though I don't like cryptos as assets, right now it provides the best possible risk/reward&time across all the markets.

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  #12 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
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Quick update.
1. I'm noticing that I tend to look at long deals only, across all the markets, I don't why, but when I'm thinking of shorting I get uncomfortable.
2. I can't comprehend this business like day-to-day work (full-time trader that sitting 8 hours per day at the screens and trades one instrument), I found that I enjoy betting rarely, but relatively big on opportunities that I fully understand.
3. During that year I've already tried: forex, futures/indexes, stocks, cryptos, intraday/long-term. Missing only options.
4. As I see from the results, when I day-trade, everything is going to loss. With swing/position I'm doing ok, but still, need to improve.
5. I found that the forex is the most choppy market to trade, as the price tends not to do what was doing before, I think I'll fully drop this market.*
6. My psychological problem is that I tend to check how the deal is going, too often.

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  #13 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received


Update.
Sold my DENT crypto holding in +92.73% profit, or ~+5R/R
I'm waiting for another opportunity to go long, I'll monitor also some other altcoins and when it will be ready I'll bet some.

Currently, I like petro-currency USDCAD, I'm monitoring it close right now and with a good pullback, I'll enter.

usdcad

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  #14 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received

I'm implementing some changes in my stock selection and risk management.

Selection:
1. Stock's age must be no older than 5 years.
2. I'm interested only in stocks without dividends.
3. Selection twice per week: Saturday+Wednesday.


Money and risk management:
1. No longer margin, there is just no point in using it by paying interests. From my results, I see, that when I go above 4 positions in portfolio performance is dropping and costs are increasing.
2. Now I'm using 25% position sizes, aiming for a 45-50% win rate and 2+ R/R on every trade.
3. 5-10% stop-loss by the price, 1.25-2.5% by the capital, but without hard stops.
4. Take profits are flexible.
5. Holding time up to 30 days, but I want the trade moving as fast as it cans and ideally closing my position with a nice +3R within 2 weeks.

Psychological problems:
A while ago I was advised to ditch the thinking in dollar amount * risk per trade.
It was my restriction and I couldn't break it. When I was thinking in dollars terms, it creates a certain emotional attachment and I'm not cold anymore as I should be.
In the end, the market does not know the size of my capital. Now I'm thinking strictly in terms of % and it helps.




Example of the brand new trade:
RXRX

Nice volume participation.
Strong bull power.
P.S. I would put into this one even 50% of my portfolio, but still learning, and there is no point to rush things.
*Further maybe I'll make trades with 50% exposure per trade (2.5-5% risk), I think it's better for growing small capitals faster.
Currently, I'm with 13500 eur and 25% sizes. Let see how it's will go.

my goal is to make enough and then completely retire from the markets
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  #15 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received

Update: RISK PARAMETERS CORRECTION.

Example: ATH balance 100k USD. Risk * trade = 1%/1k usd

If I lost 10% from my starting level (production method has failed) 15% from equity high after I was ahead 5% (implement the handcuffs method)

5% (95k), recalculations as if I've lost 20%, = 80% of 1000 USD = 800usd

8%( 92k),= 80% (800 USD) = 640usd

* from 8% up to 15% drawdown maintain 640 USD level risk.

Once the drawdown of 15% (85k) is reached, implement the handcuffs method:

FIRST STEP:
20% of 1000 = 200 usd
I have 10 more winning trades than losers
Profitable overall
SECOND STEP:
30% of 1000 = 300 usd
I have 10 more winning trades than losers
Profitable overall
THIRD STEP:
45% of 1000 = 450 usd
I have 10 more winning trades than losers
Profitable overall
FOURTH STEP:
67.5% of 1000 = 675 usd
I have 10 more winning trades than losers
Profitable overall
FIFTH STEP: (restoring previous max risk)
1000 usd

* Recalculations are every penny that I've made on my initial balance. For example: once it's 100000,01 = my ATH is that balance and all calculations are due to correction.



In order to increase my risk, I just follow simple +10R.
So, my 1R is 1k USD, once I've made +10R=10k USD and my balance 110k = calculate new risk 1% from that point.


All that is in order to increase my risk capital to the point when I'll be comfortable with the gainings from the market and to slowly work out my psychological limit.
I don't know how much time it will take (to build more-less an important capital), but I'm trying to shoot for the optimal of ~ 5 years.

my goal is to make enough and then completely retire from the markets
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  #16 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received

UPDATE.
I slightly changed my method.
Now it's more adaptable to choppy markets conditions which are in 80% of the time.


So, now I'm trading this way:
100% tot. capital
long-term 60% of capital - Stocks+crypto swing trading on daily bars
medium-term 30% of capital - Swing trading forex (all pairs) on 8H+4H+1H bars
short-term 10% of capital - Swing trading NQ on 30min+15min+5min bars

Also, I'm digging into copy services now. My heart and eyes begin to fire up when I see what opportunities such services of leveraging my method with other people's money can provide.
In the end, it's how the whole of Wall Street works and how big money is made. Everybody's leveraging their skill with other people's money.

my goal is to make enough and then completely retire from the markets
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  #17 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received

continue to milk cryptocurrency DENT

DENT

my goal is to make enough and then completely retire from the markets
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  #18 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received

SPCE



Great r/r potential in this one. Based on price structure could be a great trade after earnings of course).

my goal is to make enough and then completely retire from the markets
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  #19 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received

SONO


Another trade that I've made today.
This is crazy), if the price reaches the resistance that would be +25% of profit without any leverage

my goal is to make enough and then completely retire from the markets
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  #20 (permalink)
 SomePsychoDude 
Genova.Italy
 
Experience: Beginner
Platform: TradingView
Broker: roboforex,binance/kucoin
Trading: equity&crypto
 
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Posts: 48 since Mar 2021
Thanks: 32 given, 30 received


DENT


Meanwhile, my dent crypto trade works its way. Given the current structure and overall market conditions in crypto, it could renew the previous high and my 10k eur trade will become ~60k. Yeah, that would be great, but let's see what it's stored in reality.

my goal is to make enough and then completely retire from the markets
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