Game of inches: HVN

We treat the stock market as a game. A game where in every price fluctuation is important.

The differences between each fluc could mean the trader will hold on to their position or to execute a cutloss. We have to pay attention to the small details since they will determine your wins or losses.

Reminds me of an awesome speech by an incredible actor. 

Inches, case in point: HVN

I bought HVN on 1/12/2018 thinking that it was doing a nice consolidation. Come Friday 1/19/2018 it made a nice move intraday but closed in the red. I sold for two reasons:

- it hit my timestop
- the move made it look like a bulltrap

We all know how it moved this week. 

That's the break in this game. It's all about the inches. Now it's back to the drawing board. Looking for that next perfect setup. 

Watch the entire speech from where the above quote came from. Riveting.

TROPHY TRADE: PXP

Been getting a lot of PMs on how I spotted or traded this stock. 

Here are my answers in a condensed form. 

1. How do I you screen stocks? 

I answered this during the class with the Eternus batch. I usually group stocks into certain categories. Then I'll select the best ones.

This is my selection process: 

With that out of the way, I'll place that stock on my watchlist. Then I will stalk it until it shows me an optimal buy area. Usually on breakouts. 

2. Where did you buy?

This is the simplest explanation I can give without revealing the tribe's secrets. 

First buy was on the breakout here:

Second buy was somewhere here: 

3. Why did you hold?

My trade objective for this was to trend follow. So I just kept moving my stops up. 

My stop could either be the ff: 

- previous resistance that was broken

- breakdown of a box

- a set price

4. All in?

Yes. This is my trader profile and I know and accept all of the risks that could happen. If you can't take it then please DO NOT go all in. 

Lastly, the obligatory port snaps. This is the reason why this is a trophy trade for me. The gain that I got for this trade has been the biggest ever in monetary value in my whole trading career. 

As boss zee said, it might be time to level up. 

Wasn't able to take a snap of my other port. But all three of my ports had PXP. The last port reached only about 80+% up at the highest. 

Take note though, this port snapshot was taken at the end of 09/25. I was not able to sell at the highs. But that is alright with me. It is the risk I am willing to take since I am doing trend following. 

It's all about setting expectations. And with that I always remember this quote: 

"As long as you accept the fact that you will never be able to sell at the highs, you will be fine."

Again my eternal gratitude to my mentors, Zee and Kap. Along with all the other mentors who push me to be the best trader I can be.