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VCP

LRN, a Nice VCP Breakout that its not from the energy sectorNice VCP pattern on an industry that is not Oil & Gas. Bought a small pilot position(6.8K,1.3%,500 USD Risk, my full defensive position to nibble in a tough market) to see if I can get traction on the terrible market which shows narrow leadership outside Energy. Looking for the opportunity of a bear market rally from here. Maybe 10-15% from the lows. My view is that macro is deteriorating fast so high odds we make lower lows for a third bear market leg, mean while ill just keep moving where the price and volume action looks enticing in a very defensive way. Overall exposure after this buy: 7% Buy point: 38.60 Stop: 35.85 R: 7.12% Avg Cost: 38.69 (Black solid line) (First buys-->500 USDs Risk, Full Defensive) The thrust of buying after the buy point crossing was so brutal I even got a price that was not registered on the Trading View Platform at the time. This reinforces the strategy of buying on lots after the alerts and then asses more buying further on. It squatted right away so i could buy the rest of my position when the price returned to the pivot.
NYSE:LRNLong
by vmreyesa
Commodities Breakout from VCPPivot: 24.65 Stop: 24.25 Avg Cost: 24.75 Risk From Pivot: 1.63% Position: Half Defensive (250 USDs) as stop is super tight and a strong gap down can be multiples of my risk. VCP Breakout on the Goldman Sachs Commodity Index. Added some exposure to my portfolio with this small trade. Over all exposure now 12.5% mainly on commodities and health sector. Waiting for trades to move handsomely from pivots so I can start taking some profits, moving stop losses, and maybe start getting more aggressive. One day at a time.
AMEX:GSGLong
by vmreyesa
AVD Breakout, another pilot position.Added a new pilot position. Now 9% invested with 7 positions ranging from Oil & Gas, Pharma, Education and Chemicals specialty. Im trying to put a toe in the water with a "Shotgun" approach meaning im adding different small breakout names of different industries. Well see if I get traction from here so I can de-risk my first tries and build from there. Buy point: 23.55 Stop: 21.70 Avg Cost: 23.68 Risk: 7.85% Full Defensive--> 500 USDs Risk, 252 Shares, 1.17% of portfolio. Now 9% invested globally on the portfolio.
NYSE:AVDLong
by vmreyesa
ARIS, Environmental Play breakout on Oil IndustryPivot: 19.60 Avg Cost: 20.12 Stop: 18.65 Risk: 4.85 From correct pivot. Position Size: 8K (Half of "Positioning"), Moved fast from the pivot and couldn't fill my position. Im not chasing on this market. My risk model changed from Defensive to Positioning on the view that we may still get a bit more of this bear market rally until we find resistance when main indexes find resistance on declining moving avarages like 50 day. 14% invested. Will try to get more invested if I can find more good breakouts. Im not in a hurry. Open positions are working good for now. My equity curve on USDs is at ATH.
NYSE:ARISLong
by vmreyesa