I just got back from a 4 day trip to Sagada. This is another experience of mine where I have to trade while travelling. And is one of my personal goals when I retire. :) Imagine trading with green mountain views and cool fresh breeze!
Summary of trades done from the trip:
Bought LC at 1.56 for .5% risk as planned in this post.
Bought LCB at 1.66 for .5% risk. Not as planned. Why did I buy? I was supposed to bid at 1.64 which was the previous low, then putting my stop at 1.59. But I find it unusual for LC to be strong when LCB was not. So I thought my 1.64 wasn’t going to be hit and I raised my bid at 1.66. I was also thinking that .05-.07 risk was good enough for a run. 1.66 was hit when LCB was selling down or rather shaking out!
Bought more LCB at 1.81 for another .5% risk because my initial position at 1.66 was proven to be good.
Holdings which I need to reduce or sell: :(
ICT stops at 56.3 and 55.50 were ignored. I need to sell on strength. Unless proven that it is just a correction.
URC stops at 48.95 and 48.25 were hit.
SMC – new 10-day low. Stops were hit as well :(
After selling, I can add more winners:
BEL – Buy if it closes above 4.35
LR – Buy when it breaks 10.
LC – wait for setup
LCB – wait for setup
PX – moving back to my buy list. Buy if it closes above 24.10