Grpn is following again Weinstein step . I am earning right now 8 % from my last position and I will exit at 5 $.
Trade active
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following my stochastic Long trade strategy i have sell at 4.81$ yesterday. now i enter again because the stochastic reached -80 at 4.6$. my target is 4.99-5.01$. and if i am wrong i will sell at 4.4$ only if the stochastic is up to -20
Trade active
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i ve bought today at 4.58$. GRPN curve price is doing the same pattern has previously. Stop loss 4.45. The stochastic is looking great.
Trade closed manually
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After the downgrading the stock started the phase 3 of weistein steps. i have sold yesterday 25% of my position and lost 5 %. The next step is 3.88$ . If the Stock runs under 4.05 a will sell all my position. The MA curves turn also down , and the stochastic 30 days is also not looking great.
Tha the reason i am selling step by step my position
Comments
jofansiwork
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i have sell my Position today and take 7% Profit . I will come again.
When the stochastic is reaching -80
jofansiwork
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29.02 update i ve sold my Position at 4.81$ instead of 5$ . the stochastic is higher than -20.
I will wait until the stochastic is -80
MarketMonk
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Sold as well at 4.79. Was holding out hope for that 5$ brake, didn't happen. Trend started breaking down mid-day, I got too emotionally invested. Taking my 6% position to the bank though.
jofansiwork
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regarding the stochastic we will break the 5$. I have followed my rule. When the Stochastic is higher than -20 , i sell . in this case I have taken 10%.
But, as i said, i will buy again when the Stochastic crosses -80. Grpn is following a certain path defined as Weinstein (Ladder Path or step by step path)
if you ´ve got another idea i am 100% open for any suggestions
MarketMonk
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I'm pretty novice, I was just waiting for the next "pump and dump" and noticed that Alibaba bought a 10% stake in GRPN so I bought in at the resulting buying frenzy.
I have the "Robinhood app" which allows commission free trades but the app only allows "buy-sell" strategies, no shorting, no options, etc. All I can do is wait for the moment to buy back in and strike.
Today, I made a 3% return on KERX so I feel I'm doing pretty good so far!
jofansiwork
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I am doing trade still 2008 and I can say , I am still learning. Trading keeps you always on alert. novice or expert , the only think i am still learning since 2008 is to cut my position without emotion.
It is hard sometimes, but i got faith on it.
what is your risk factor?
for me, i am following a logarithmic factor ratio based on Emotional risk management.
under 500$-2000$ i have 0,04, 2000-10000$ 0,01.
why did you pick KERX?
MarketMonk
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I picked KERX on the one hand because it had solid upwards momentum, it had stories in the news pumping the companies stock up and had decent earnings report (better than expected anyways).
I then invested in SIRI which only had a .04 cent gain (kinda bummed it started trading sideways). Then I invested in 3 oil companies WLL, XOC and LINE, LINE was a complete disaster and my stop-loss kicked in. XOC and WLL I profited from 2-6% each accordingly.
I'm interested in learning about your stochastic methodology. I'm an engineer by trade and I would like to know what your algorithm is to predict trends. Are there any good books you would recommend?
MarketMonk
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So yea, I look through the penny stocks so I can get a 50-500$ return on a few bucks. I find out which stocks have liquidity and which stocks have huge growth potential, I then invest after researching the current companies background, what risk variables are in play, etc.
But I'm still new. I'm not really using any special methodology other than trading on the underlying market geometry.
When the stochastic is reaching -80