Increasing your profits...
Hi again,
today I would like to comment on increasing the profits. Profits are usually small when you only trade stocks. (at least compared to the time you have to wait for the profits) - Personally I don´t like Daytrading - one reason: you have to start with quite a lot of money - otherwise it will not work. (Let´s say 100.000$ at least!) - Now, I believe, most people will not have that money to start with - at least, I don´t! So, I like to set my virtual portfolio size at 10.000$ - which already is quite huge. If we would consider this portfolio size - and, assuming I trade a maximum of 5 open positions, let´s see what I would have gotten out of my trades last week?!:
Coming back to Friday. Where would I have gotten out? - Friday wasn´t a good day - most of the stocks I posted, lost. Somehow I felt it coming - but of course I could not foresee it. But, as I said, I would have closed all my trades on Friday. So, starting with PANL, I would have gotten out at 10.50$. First I would have looked at the market - it opened above Thursdays close - but then it could not find the strength to stay above. As it fell down, I would have sold at 10.50$. This would be a gain of 0.45$, equal to a 4,3% gain. Second, ABN - I expected a gain of 5%. This would have occured at the price of 28.75$. This was not reached - but almost. i would have gotten out at 28.50$ , a gain of 1.12$, or 4,1%. Next one in the list is XRAY. XRAY was not one of my best picks - it lost two days in a row. So, my SL of 31.30$ was hit - and I was out anyhow, with a loss of 1,2%. Last but not least, QUIK - a nice 15%+ move to begin with - chances were great it would fall back, and, it did. I would have gotten out at 3.45$, a win of 11%.
Now, all these trades together sum up to a total of 6,72% gain in one week. - For the portfolio, a net gain of 672$ - so the portfolio would have a current value of 10.672$. That is good - if one could keep that rate constant for a whole year. But, it could be better - and, in fact, it can be better! How?
The simple answer is, using warrants and options for your trading. While options are quite tricky and more complex (for there are more values to take into account), warrants are a great tool to increase profits on a trade. - Or, switch to something completely different, to Forex... but that is on another sheet.
Usually I don´t pick stocks on Mondays, but for today I would like to point out NVAX. It looks like a good setup - my favorite filter (RSI(2) below 5) gave a positive signal - and, the cahrt looks great to me. Last price was 3.59$. My SL would be at 3.48$. I don´t see any resistance before 4.83$. Let´s see. Here is the chart:
I´m sorry, I was so late this time. More these days, good luck,
The Stockinvestigator
today I would like to comment on increasing the profits. Profits are usually small when you only trade stocks. (at least compared to the time you have to wait for the profits) - Personally I don´t like Daytrading - one reason: you have to start with quite a lot of money - otherwise it will not work. (Let´s say 100.000$ at least!) - Now, I believe, most people will not have that money to start with - at least, I don´t! So, I like to set my virtual portfolio size at 10.000$ - which already is quite huge. If we would consider this portfolio size - and, assuming I trade a maximum of 5 open positions, let´s see what I would have gotten out of my trades last week?!:
Coming back to Friday. Where would I have gotten out? - Friday wasn´t a good day - most of the stocks I posted, lost. Somehow I felt it coming - but of course I could not foresee it. But, as I said, I would have closed all my trades on Friday. So, starting with PANL, I would have gotten out at 10.50$. First I would have looked at the market - it opened above Thursdays close - but then it could not find the strength to stay above. As it fell down, I would have sold at 10.50$. This would be a gain of 0.45$, equal to a 4,3% gain. Second, ABN - I expected a gain of 5%. This would have occured at the price of 28.75$. This was not reached - but almost. i would have gotten out at 28.50$ , a gain of 1.12$, or 4,1%. Next one in the list is XRAY. XRAY was not one of my best picks - it lost two days in a row. So, my SL of 31.30$ was hit - and I was out anyhow, with a loss of 1,2%. Last but not least, QUIK - a nice 15%+ move to begin with - chances were great it would fall back, and, it did. I would have gotten out at 3.45$, a win of 11%.
Now, all these trades together sum up to a total of 6,72% gain in one week. - For the portfolio, a net gain of 672$ - so the portfolio would have a current value of 10.672$. That is good - if one could keep that rate constant for a whole year. But, it could be better - and, in fact, it can be better! How?
The simple answer is, using warrants and options for your trading. While options are quite tricky and more complex (for there are more values to take into account), warrants are a great tool to increase profits on a trade. - Or, switch to something completely different, to Forex... but that is on another sheet.
Usually I don´t pick stocks on Mondays, but for today I would like to point out NVAX. It looks like a good setup - my favorite filter (RSI(2) below 5) gave a positive signal - and, the cahrt looks great to me. Last price was 3.59$. My SL would be at 3.48$. I don´t see any resistance before 4.83$. Let´s see. Here is the chart:
I´m sorry, I was so late this time. More these days, good luck,
The Stockinvestigator
posted by The Stockinvestigator at 3:09 PM
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