My trading plan week 3

I’m feeling more optimistic for next week but I will continue to be careful. My portfolio is still down. Above -5% perhaps I can take more risk. Monday is closed for the US? I will continue with smaller positions and try to cut losses fast. I probably continue to do as Darvas did. Eg. buy a few stocks and the ones that doesn’t go up (including sideways movement) I’ll sell and increase in those that do go up.

Portfolio gain/loss so far this month:
-7,98%

Notes about my charting

I still feel I’m pretty new with charting and that I learn new things all the time. I’m at the stage where I’m trying to simplify everything and use less indicators. My stops are mental ones and will depend on position size (and therefore portfolio risk), how good my entry was and if I’m able to be ready to sell or not.

For example a 10% position size with a 10% stop loss gives a 1% portfolio risk in theory (0.1 x 0.1 = 0.01 = 1% of portfolio). There can be gap downs and times I’m unable to sell especially with crypto.

B means Buy/Bought
S means Sell/Sold
A means Add
A at the right side of a line means that I’ve set an Alert.

For a better view most images can be opened in a new window/tab by right clicking on them.

Crypto

Crypto is unchanged from last week.

SOL
I’ll add above 180 USD.

ETH
I’ll add near 365 MA or above 200MA. I only have a small longer term position at the moment.

North American stocks

MRO

MRO is one of the trades I took last week and it is working. The price increase isn’t as steep as the previous one. Not sure if I will use it as trailing stop for parts of my position.

QCOM

My favorite for this week. I’ll probably start a small position as soon as possible and add on a breakout and if there is a retest of the lower boundary. Looks similar to Ford before it broke out. Seems very bullish.

XPEV

I’ll wait for a breakout. Maybe a starter position before, if everything else looks good.

Li Auto

I’ll wait for a breakout. Maybe a starter positios before if everything else looks good.

Nordic stocks

Humble Group AB


I’ll put a small order near the 200 SMA for the whole week. Otherwise I’ll buy it again if there is a breakout from the descending trendline and add on a breakout out of the rectangle.

Gapwaves AB

I’ll buy a small starter position in this one. Easy stop below the lower boundary.

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