Trades

** This is taking the average profit per trade relative to the average loss. So a $5K profit and a $5K loss is a 1.0 score. A $5K profit and a $2.5K loss is a 2.0 score and a $2.5K profit and a $5K loss is a 0.5 score.

Weekly Goal

My goal for this week is:

• Account for the ATR when placing your stop losses — give your stocks room to breathe

Junto Pre-Trading Checklist

These are values ONLY accounted for BEFORE the trading session begins.

Economic Calendar

N/A

Market Hypotheses

N/A

Sector Hypotheses

N/A

Trade Hypotheses

04/09 | NVDA bearish at $838.00

Reason

The markets were all bearish, SPY especially for the first 90 minutes as almost consistently down, as was NVDA. NVDA by this point was down close to 4% so the trend felt strong enough to continue. I noticed the $838.00 zone was being tested quite a bit over the past month and used this as a proxy. Bearish at $838.00.

✅ Result

• Trade #1 → Sell short at at $839.48 and buy to cover at $837.00 for a $2.48/share profit
• Exit → Limit order
• Position time → 2.0 minutes
• Trade #2 → Sell short at at $837.81 and buy to cover at $836.30 for a $1.51/share profit
• Exit → Limit order
• Position time → 3.47 minutes
• Trade #3 → Sell short at at $833.10 and buy to cover at $831.50 for a $1.60/share profit
• Exit → Limit order
• Position time → 0.93 minutes

04/08 | Adding an ATR stop-loss & limit order on TSLA would have gone in my favor

Reason

With larger share prices, I have noticed my stop & limit triggers are always well below the ATR, especially with volatile stocks. So I decided to place my triggers off of 1x the ATR value to see what impact it would have on giving my trades room to breather. For some like NVDA it seemed to work well. I wanted to see if on 04/08 this would have changed the outcome of my only losing position, a short position in TSLA at $171.14.

❌ Result

Unfortunately this would not have worked. The trade would have gone against me at any ATR multiple above 1x and my limit price would have never triggered at 1x or above. This will still be a concept I plan to play with, however.

Trade Studies

PLTR Analysis Report

• Catalyst
• Pulled up in my stock screener.
• PLTR traded at 1.9% higher on 04/11
• Cathie Wood’s Ark Invest began loading up on PLTR stocks on 04/10
• Daily
• Looking at the past month, even though PLTR was trending lower, it seems to have flattened and may possibly be rebounding. PLTR is trading above the 200SMA (blue) and will be close to crossing the 50SMA (red).

• If trading, important zones will be $24.00-$24.30 and $22.00-$22.30

• Intraday
• In the intraday charts looking back 2d, we see that PLTR was testing the waters a bit on a resistance zone and showing to be bullish

Hanging Onto A Trade

Let’s assume the following is true when you’re in a position size:

• Your stop loss is greater than 1x the ATR
• You have a reasonable position size where getting stopped out at the ATR is not going to be emotionally detrimental

If this is the case but you failed to place a stop loss, you’re probably in a position right now that has exceeded the stop loss you were planning to put now and wondering whether you eat crow by placing a market order and exiting the position, or whether you should hang on. This is interesting, because you are exerting your will on the market which is already not a good idea, but you may be wondering whether the probability of a retracement is possible.

It’s tough to say whether you should definitively exit the position or give yourself a set amount of time before doing so. In this case on 04/12, I had entered a short position right around where there was a support line that was tested for a few hours before breaking and acting as a resistance line. I had exited after 30 minutes, screaming uncle right around where the market wanted to squeeze me out (I realized in a lot of instances I get squeezed out completely, with a comfortable position size or not, at ~$10/share with NVDA stock. Had I stuck around for another hour, I could have almost fully exited the position without much of a big loss.

The only solution to this problem was entering a position with a much smaller share size if I were to go in without a stop loss, but therein lies another problem: DO NOT ENTER A POSITION WITHOUT A STOP LOSS. It’s pure gambling at that point. There’s a reason why you have to seek out ideal stocks with decent volume, share price, volatility, etc.