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Showing posts from October, 2023

Trading Plan

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Time is a thief for the impatient. And a gift for the patient.  Do I need to think about selling options?  It makes sense to sell puts, internals clearly strong, but the market is not in clear position to make that a good trade yet. Wait until its clean and clear. I would rather not sweat, than risk more money in uncertainty.  BEFORE THE BELL -Premarket Checklist. -Is the market Trending, Chop, or turning? -Is Sentiment making any significant trend breaks? -What are best/worst performing sectors?     -Are any breaking out or down? -Do I need to make adjustments to my investments? -Does yesterdays action look likely to continue today? -Have we gone in a straight line to S or R?      -Do I need to be cautious of an overextended market and look for reversal instead of continuation? WATCHLIST PREP -SPY/QQQ FANGMANT+ always in play.  -Monthly/Weekly watch always in play for VA breaks.  -Proper boxes and Anch vwap charted.  -Scan through ...

Investments

 Here I will list my investments with a link to each individual stock where the deeper dive will be listed.  This will be a revolving post. Forever updating my my main holdings.   These are sorted by my scoring system. I take into account Fundamentals, Technicals, Value, Growth, Industry Comparisons, Price Action and Relative Strength and give it a score or a number.  Numbers fluctuate every day depending on performance. Fundamentals change every earnings release, Technicals change everyday therefore scores are not set in stone but may vary +/- 10points depending on price action.  Fundamentals (Max 46, Excellent 25) Technicals (Max 45, Excellent 32) Growth (Max 39, Excellent 22) Value (Max 32, Excellent 15) Sector Comparison Fundamentals (Max 42, Excellent 23) Industry Comparison Fundamentals (Max 42, Excellent 23) Sector Comparison Technicals (Max 32, Excellent 20) Industry Comparison Technicals (Max 32, Excellent 20) TOTALS (Max 310, Excellent 180) LRN (1...

Thoughts

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What did I learn the past year here.  Work Life -Trading is still my main goal. 9-5/7-3 aint cutting it for me. -I work harder than most people. -I am selfish. My extra time here is spent on trading, not on day job. -I am truthful. I realize my mistakes/errors/bad judgement will come around to bite me in the ass. -I will withhold truth.  -I am ok taking a hit. I do not care if co workers do not fully understand my decisions. If they ask me, I will explain, if they assume I did X because of Y, fine. If they do not ask, I dont have an issue not telling.  -I am quiet, 19/20 scenarios I handle myself. I do not always reach out to ask for guidance. -When I am clueless, I ask for guidance, at the beginning as a newbie I had dozens of questions a day. -Now that I am at a intermediate level, I am on cruise control. That fiery spirit is put into trading. Not in expanding knowledge of railroad.  -I dont say no to anything. Only once maybe twice I have and only because I genuin...