Howard's Investment and Trading Blog

Hi, After my last post I was thinking about position sizing, more specifically risk management/ exposure. Previously, I was using a trade size of $2000 every trade however, I am now going to start using a volatility based approach. I will only be placing trades that I believe have significant upside and using its volatility as position sizing (based on 1 ATR below market structure). I will risk 1% of my total portfolio every trade. DISCLAIMER: I am not a qualified financial analyst. The following is for informational purposes only and is not to be taken as financial advice. As stated previously, I believe the recent bear market has stopped temporarily and there will be a bull market in the medium term. Thus I am looking for longs. The weekly MACD line is above the signal line which indicates the stock is in an uptrend. The only worry I have is that there is convergence however looking back, convergence does not necessarily mean a reverse in trend on the weekly so I maintain a...

Hi, The ASX200 is beginning what is looking like a pullback into support. However, it is still in an uptrend since the weekly MACD is still bullish and price is still above the 200EMA. Thus I entered CSL long. DISCLAIMER: I am not a qualified financial analyst, the following is not advice. Trend  CSL seems to be on an uptrend and the MACD has crossed over recently on the weekly and its histogram is showing bullish momentum. Support Price pulled back into the 50 EMA and is now heading higher. Indicating that it found support at that key level. Oscillator The stochastic indicates oversold and it has crossed over, further indicating the rejection of the support level at the 50EMA and allows for significant upside. Momentum and Entry The MACD histogram is showing bullish momentum and price formed a pinbar above the Mcginley dynamic. Bullish. LONG: $192.66, 10 SHARES, 8 FEB 2019 Stop loss @ 187.11 = 2% Risk on this trade, 0.5% r...

Hi, After contacting my broker, I FINALLY AM ABLE TO SHORT!! However, I believe the bear market over the past couple of months is coming to an end, so it's kind of a bummer. Also, in order to gain shorting rights I had to open a new account so now my records are all messed up. Here are my results before having to close the account I have been working on thus far: Not to brag but I was consistently beating the S&P 500!! (Albeit not by much). However, now my track record has been wiped in the new account so we shall start again. Nevertheless let's get into my most recent trades. DISCLAIMER: The following is not a recommendation. It is my opinion and I am not qualified so do not take the following as investment advice. S&P500: The SPX has closed and managed to stay above the VIDYA signalling a possible uptrend. The weekly MACD has crossed also indicating the bear market is over. Close above 200 EMA. Also very bullish. ALthough it is...