Trading Week - Watching My Picks Turn Red Then Green

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StockDweebs Picks - $TMUS, $FSLY, $SE, $NET, $BILI, $MTCH, $DDOG, $JD, $WORK, $EBAY
My Stock Picks - $CXW, $TAP, $DRI, $CHEF, $YELP, $BA, $MTN, $ENS, $AEO, $CBRL, $ACB

As usual this week I was watching Stock picks by StockDweebs and some of my own picks. As you can see StockDweebs' picks have not done that well and they all have been in red Monday-Wednesday. However, StockDweebs did mention this week wasn't going to be good and only picked 3 stocks to trade and 7 were meant just to be watched. Also, as soon as Monday looked red for the market overall, StockDweebs did make proper adjustment to the trades. So far though StockDweebs picks have performed really good, not including this week.

In addition to watching StockDweebs I picked some of my own stocks to see how my personal strategy would work out. To my surprise all of my picks turned green today, and some of them with significant gains. On Monday only 3 out 11 picks were in green and rest in red. The following day closed with 5 out of 11 picks turning or staying at green. Today they all green. Interesting. Is it a pure coincidence or my strategy has some validity? I don't know. Not enough data to go by yet.

All of of my picks are based on 4-hour timeframe. Since trading day is only 6.5 hours it should take days for 4-hour candles to play out. I choose 4-hour timeframe for trades that should normally last a week or less. One of the main indicators I used to make these picks is Stochastic RSI. While it is not the only thing I was looking at I do find Stockastic interesting. I have read and heard Alan Farley, the author of The Master Swing Trader recommending using stockastics and divergences as the most reliable indicators. I can't tell with hundred percent certainty if they are indeed reliable, but I am always open to test the ideas.

Alan Farley has very interesting trading insights to share. Here is one of his interviews you may find interesting if you are a student of trading.

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8 comments
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4-hour timeframe for your picks is really good, I think 5 of 11 of your picks going green? Well that might be a little bit of validity because you've carefully chosen them as well.
Thanks for that video of Alan Farley, I'm Just about playing it.

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Thank you @josediccus. Actually they all turned green today. That interview is interesting and Alan Farley does have some knowledge to share.

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Actually they all turned green today.

Yeah that's actually great, however do you think it'll just about remain green at least till the rest of the day? That's some pretty gains too haha

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The prices on the spreadsheet are closing prices for the day. It doesn't take into account daily highs and lows. The idea is to take profits when goal is reached (5%) and cut losses when market says I am wrong (-2.5%).

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You are good. 5% is tough with stocks short-term.

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