I flipped from bullish to bearish on stocks. It was a good Thursday then everything dropped on Friday except for Precious metals. I’ll focus on trade management this week. I got to keep losses small and not buy random stocks! Seems to be much risk with increasing tensions in Europe. Perhaps I should try to raise some cash again. Step to the side and wait?
Portfolio gain/loss so far this month:
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.
If it makes a higher high and recover 44.5k I’ll become more bullish short term.
It lost the daily MA 365.
I bought some today at 96 USD. Tight stop.
North American stocks
I have some crypto stocks but I don’t think I will add more.
I’m looking for shorts but haven’t found any real good ones yet.