Any room on this forum for a thread on charts and technical analysis

[Vae Victis]

Cool....

[Vae Victis]

It was not my purpose to publish a trading diary; I understand that that is something that you and others are asking for, but I am not going to provide....

[Vae Victis]

About 50% but that number is growing as my taxable account grows (and my others shrink during this correction)....

[Vae Victis]

For posterity, I closed all of my open positions this morning at a small profit, so I am back to 100% cash in that account.

[Vae Victis]

One of the biggest lessons I've learned thus far is not to get caught trying to catch falling knives. Sticking to only purchasing stocks that are above...

[Vae Victis]

I am trading my full taxable account. For whatever reason, I don't feel comfortable giving more details other than to say that I am trading with a large...

[Vae Victis]

I have always been honest; had I wanted to be disingenuous, I probably should have started by saying that I crushed the SP500 last year rather than underperforming...

[Vae Victis]

My purpose for starting this thread was to discuss chart setups and technical analysis with other docs, not to submit my trading account for audit. I...

[Vae Victis]

A few more purchases yesterday: $NEM (gold), $CDEV (oil), and $WSR (REIT).

[Vae Victis]

Wild day in the markets. I placed two trades at the end of the day, smaller than usual position size and will add on strength. Two financial stocks,...

[Vae Victis]

Nope, just actively trading and right now nothing to buy. I could be 100% invested next week if the setups are right....

[Vae Victis]

I underperformed the S&P last year in my first full year of trading - described in the TA thread I opened a few days ago. Closed the year up 10%...

[Vae Victis]

Portfolio up 4.3% since 1/1/22. 100% cash right now.

[Vae Victis]

You got it Love that story for some reason; the simple and honest brutality in the face of the whining Romans. "Woe to the vanquished"....

[Vae Victis]

Starting my weekend review of charts and, I must say, I am not seeing anything remotely resembling a good long opportunity. I am, however, finding some...

[Vae Victis]

Reading this, I had the same first reaction as you; I would love to know how it would go when she complains to administration. In essence, the crux of...

[Vae Victis]

Prior Fed tightening cycles have made it at least a few hikes before the wheels came off. If this week's action is the start of a bigger downward move,...

[Vae Victis]

No trades at all this week. I had been watching some very nice short setups but never pulled the trigger unfortunately, so I remain in cash. NASDAQ...

[Vae Victis]

Still nothing to post this week. Still happy to be in cash right now....

[Vae Victis]

If my Roth was a sizeable enough account to make it worthwhile, I would definitely trade there. It's not, however, so I just set it and forget it....

[Vae Victis]

I am definitely not Warren Buffett. No trades to post; happy to be in cash today. A few on my watchlist held nicely just below breakout levels and I...

[Vae Victis]

There is a whole lot of conjecture here presented as fact. Suffice to say, I don't agree with most any of it.

A few points I will address....

[Vae Victis]

Yes, it does seem like the odds would be stacked against the individual, doesn't it. One thing I would point out, and I don't think this point should...

[Vae Victis]

Interesting. It seems like you've developed a very specific strategy that is working for you.

Do you mean to say that it is your intent...

[Vae Victis]

I won't trade micro caps because they are just too volatile, but no, I don't target only mega caps. A few on my watchlist right now are mid and small...

[Vae Victis]

Ha. Yes, I fear that they might. I maintain a healthy paranoia that I am, in fact, a moron .

As for having a thick skin, nothing you...

[Vae Victis]

Yes, those numbers apply to me. A few things I will say about comparing my returns against the S&P: first, I never had a 100% stock portfolio, so...

[Vae Victis]

I spend a couple hours on the weekend screening charts and identifying setups. I check the charts at the close during the week to watch for breakouts....

[Vae Victis]

As I said, those returns including a large portion of the year where I did not have a rules-based system in place and made a lot of rookie mistakes. ...

[Vae Victis]

I have found over time that patterns based on diagonal trend lines (which would include pennants, triangles, etc) are really quite unreliable. Horizontal...

[Vae Victis]

It is worth noting here that there have been a number of trades that I have been stopped out on for small losses. I'm not trying to give the impression...

[Vae Victis]

10, 50 and 200 DMA. The 50 day moving average is the most important to me and is one of my main chart filters. Price HAS to be above a rising 50 DMA or...

[Vae Victis]

And another recent trade. Hershey $HSM consolidated in a horizontal channel and also formed something of an inverse head and shoulders before a strong...

[Vae Victis]

Another recently closed trade. Taiwan Semiconductor $TSM. I actually bought and sold this one twice; once on the initial breakout which started to reverse...

[Vae Victis]

Ha. OK, a recent one that I closed (probably prematurely but following my rules). Berkshire Hathaway $BRK.B. Nice horizontal consolidation, bought...

[Vae Victis]

Right and I agree with that. Where I think people get into trouble is trying to use technical analysis to "predict". Predicting the future...

[Vae Victis]

Appreciate the support to move ahead. I will post my charts as I enter and exit them but I confess that record-keeping was never a strong suit of mine....

[Vae Victis]

You are correct that I underperformed in 2021, but again this was my first year of active trading; I give myself some leeway for a learning curve. If...

[Vae Victis]

Ah I see; hard to tell with forum posts. I only know him as "pharma bro" and I figured there wasn't anything of value to him....

[Vae Victis]

I used to think it is was all voodoo too. And a lot of what you see put out there is.... a bunch of line drawing nonsense patterns. However, if you...

[Vae Victis]

I am thinking this might be sarcasm?...

[Vae Victis]

I underperformed a buy and hold strategy in 2021 as I found my way into a personal strategy, which I didn't really settle in to until October or November....

[Vae Victis]

Berkshire ($BRK.B) is another that I closed out at a 6% gain but looks like I probably should have held on to....

[Vae Victis]

Actually, it is during a bear market or pullback that I expect to see significant outperformance of the benchmarks. The system that I use only allows...

[Vae Victis]

I suppose this is largely anathema on this forum because of the prevailing buy and hold/Boglehead mentality but would anyone have interested in having...

[Vae Victis]

If you are looking for a high quality altcoin that has backing from major companies across the world, take a look at HBAR (Hedera Hashgraph). Governing...

[Vae Victis]

Not weird - very on-brand for BTC. If you get into this market, you have to accept 20, 30, 50, even 80% swings. That's what makes it fun!

[Vae Victis]

I'll weigh in with my opinion that likely no one cares about. I also think BTC and possibly other cryptos have a place in a grown up portfolio. The...

[Vae Victis]

After this COVID mess is over, I suspect the rest of the world will be harder hit than the US and thus the expected returns as things improve could outpace...

[Vae Victis]

I did take a peek at some of the oil short ETFs under the assumption that June contracts would undergo a similar fall as May, as there is no reason to...

[Vae Victis]

Certainly these are interesting times. I wish I was savvy enough to know how to capitalize on the carnage in WTI today but alas I don't. The price correlation...

[Vae Victis]

I agree with this being the major risk - as has been said many times on this forum about timing the market, you have to be right twice. If indeed I was...

[Vae Victis]

Long time lurker, first time poster. I have been contributing slow and steady, buy and hold, essentially using the three fund approach. But I must say...