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edgararakelyan

Edgar's Stock Market Trading Log

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Hi, I had an aapl trading log and I thought that it would probably be better if I just made an overall trader's log.

 

UAHAI8b.jpg

 

Right here you got PCLN, obviously this stock's looking really good. It broke the resistance it had at 680 and is now booming onto 720. Considering that this stock still has very good volume, it could reach to 740 and find resistance there. Will most likely get into some sort of trade with this stock tomorrow.

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3WHAvLn.jpg

 

Here you can see that aapl broke through the resistance (the andrew channel) and went on higher yet at the end of the day it looks almost like aapl formed a head and shoulder pattern so we'll have to see if it can test and hold the support line.. Which being that this is a 1 minute chart i'm not sure if it's reliable or not.

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I made a very rash decision today in attempting to make a quick trade of aapl. I bought aapl at 557.9 and knew that I would not be infront of the screen for a few hours only because I wanted to make a trade and make money because I hadn't made or lost money this week. Well now i'm probably in a losing trade, I thought I shouldn't sell and maybe wait for what happens tomorrow which i'm guessing it will drop to 440 and find support, possibly go back up and then I will be able to sell.

 

Hopefully it is in consolidation in the 455-460 area again tomorrow and I can sell at a profit or break even but the increased amount of volume at the end of the market day tells me it probably won't.

 

But some good news is that it went to 456.4 during afterhours, which does it make a difference at all?

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I made a very rash decision today in attempting to make a quick trade of aapl. I bought aapl at 557.9 and knew that I would not be infront of the screen for a few hours only because I wanted to make a trade and make money because I hadn't made or lost money this week. Well now i'm probably in a losing trade, I thought I shouldn't sell and maybe wait for what happens tomorrow which i'm guessing it will drop to 440 and find support, possibly go back up and then I will be able to sell.

 

Hopefully it is in consolidation in the 455-460 area again tomorrow and I can sell at a profit or break even but the increased amount of volume at the end of the market day tells me it probably won't.

 

But some good news is that it went to 456.4 during afterhours, which does it make a difference at all?

 

A pit trader said to the TST group once, "Look for a trade, not trade for a look"

 

The temptation to make money is always knocking on all our doors, have the discipline to stick to your plan.

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aapl really looks screwed now.

 

nQ1LM1L.jpg

 

aapl broke it's support and retested it and fell. We will have to wait and see tomorrow if it can reach back into the Andrew Channel and given the fairly low volume it could.

 

V5rC1hR.jpg

 

If it cannot support itself then it can drop down to 420-425 and then even possibly to the 350s.

 

Given this enormous fail that aapl has been lately, I think I will cover my position at 457.9, which the loss will be about as much as my profit have been this past month, but if it does go awry a lot of money can be made shorting.

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swAz0AW.jpg

 

aapl looks like it has found support in 457 and if it can hold and push it may be able to fill the gap back into 500. The only unsettling thing is that the volume isn't very high. It would also find resistance at 464. Also according to fibonnaci retracements from aapls prior gap down at 500 down to 437 aapl should retrace atleast to 470.

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eYqut9F.jpg

 

I am in aapl shorting it at 457.19 because of the converging support/resistance and I find it more likely that aapl will break the support rather than the resistance because of the lack of volume and that the price couldn't survive above the resistance for long.

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sorry I've been extremely lazy and forgot about updating the thread. Well I covered my short of aapl at 474 at a pretty high loss, learned from my mistake so it's alright. Then I rebought aapl at 475 and sold this morning at 483 at a nice profit.

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DEyjZF4.jpg

 

haven't made a trade since the last one I posted but may be making one soon enough, aapl looks like it can support itself with that support line as it has tested it several times.

 

rJhVpa1.jpg

 

Here you can see that aapl could possibly have a nice rally soon indicated by the downtrend of volume

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This market day I shorted aapl at 429.28 and held mainly because I believe aapl is more likely to test its support in 415 then break resistance at 435 considering that the only reason aapl bounced today was because of the announcement of the iWatch which is why I saw this as a nice opportunity to short.

 

 

zcOKc7h.jpg

Edited by edgararakelyan

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I covered my position on aapl this morning at 427 because of two reasons. One, I don't like trading a stock that is in consolidation and also because I had school which limited my screen time. I still came out with a small profit and that's fine enough for me.

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Edgar, hi.

 

What kind of analysis do you use to define entries?

 

I find support and resistance and analyze it with the volume in order to better predict which way the stock will go, using other tools such as fibonacci, etc I can determine where the stock will likely head for me to sell or if it were to not go my way I could get out at a smaller loss.

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The reason why I went short on aapl at 433. aapl tested its resistance of 435 at 500k volume, then again it tried on twice that, with 1.2 million and immediately retraced down. Today it reached the resistance on 500k volume at its peak, obviously the chances of it breaking the resistance are low because it was able to push back a up move with a volume of 1.2 million. Therefore you can conclude that aapl was moving without cause(volume) and therefore it will 90% of the time be pushed back below its resistance granting you a profit. Plus I can keep my hopes up that aapl will gap down tomorrow to 420 and from there to 405.

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an update, sorry for posting these way too late but you can forgive me, I can get busy sometimes. Well I ended up covering my short at around 427 and then I shorted aapl again at 433 and covered at about 428 and today I shorted aapl again at 431 and am currently holding my short.

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    • Date : 16th August 2018.

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