Tuesday's Small Lots

I entered three new shares positions under my small-lots strategy:

sym	shares	entry date	exit date	entry price per share	exit price per share	result $	result %	annual rate	days held	tactic
AXAS	76	8/9/2016		1.32						earns
RYI	7	8/9/2016		14.28						earns
SN	13	8/9/2016		7.80						earns

I exited four positions under the strategy:

sym	shares	entry date	exit date	entry price per share	exit price per share	result $	result %	annual rate	days held	tactic
CLR	2	8/3/2016	8/9/2016	42.99	44.85	1.86	4.15%	252%	6	earns
EVEP	20	8/8/2016	8/9/2016	2.52	2.41	-0.11	-4.56%	-1666%	1	earns
REI	5	8/8/2016	8/9/2016	9.43	8.75	-0.68	-7.77%	-2836.57%	1	earns
RSPP	2	8/8/2016	8/9/2016	39.04	38.44	-0.60	-1.56%	-569.72%	1	earns

Out of interest, I analyzed 813 symbols with bullish ratings from Zacks Investment Research this morning, looking for general bull plays rather than earnings announcement or price channel breakouts, and found that none of the 20 MACD histogram crossovers was to the upside. 

Since the no-fee broker that makes my small-lot strategy possible, Robinhood Financial, doesn't take short trades, that means none of the MACD crossovers qualifies for trading under my small-lots strategy.

However bullish the large indexes, like the S&P 500, may be, I'm seeing a heavy strain of bearishness in my own analysis.

Robinhood has short-selling in a beta testing phase, and if fortune smiles they'll release to all traders soon.

By Tim Bovee, Portland, Oregon, Aug. 9, 2016

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References

Tradecraft: Playing the odds to build winning stock market trades from options, a description of how I trade, can be read here.

Small Lots: A new strategy discusses the thinking behind the analysis that identified these trades and can be read here. The symbols noted in this post are intended fortrading on a commission-free platform such as Robinhood Financial.

I can be reached via comments on Private Trader posts or by email at datnillc@gmail.com.

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Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

License



All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.