Category: Swing Trading

Have placed Sell order for my 1,000 shares of AAN at $59.60 per share.

I would normally try and sell in the final hour of regular trading. Have an sell order at $59.60 each, for my 1,000 shares of AAN – Aaron’s Inc.

Price has moved above the Upper Bollinger Band. It will in my opinion, retrace back to one of the moving averages. When that happens I may buy again. This was a low volume buy – picked it up over a month ago for $58.00 per share. Was looking good but then the Trump Tweets about China Tariffs messed up the Markets. It can come back. and so I figure that I’ll take out the Capital Gain of $1.60 per share.

Stock Chart of AAN - Aaron's Inc

Stock Chart of AAN – Aaron’s Inc. Chart created using Stockalyze

UPDATE: After posting this, I checked the price and it has gone down below the Low set at 10:24 am this morning. If I don’t get filled at $59.60 by 3pm today, I’ll cancel the sell order and will grab Market price after 3:30pm today. Figures that it dropped around Noon time when people leave for lunch. I normally stay away from trading between Noon to at least 2 pm. I like trading opening hour and closing hour can bring in awesome trades. That is also why the sell order was not an At Market order. I used to really enjoy Day Trading. Swing Trading can be rewarding, but it is hard to switch the Brain from Day Trading Mode. Like when the China Tariff Tweets tanked the Markets. It was hard to accept the price drops and tell myself that I was in the stocks for the longer term and you are not day Trading. Don’t know how Warren Buffet is able to do it…

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

Posted by: Vincent Banial

Advertisements

Update on APHA and ZBISF Swing Trades

Two lesson so far. Be careful buying in May. If a stock was headed down and then reverses, maybe don’t buy the initial reversal breakout. Wait for the retest of the Low and then buy if it bounces back up.

Both APHA and ZBISF are Cannabis stocks. Bad news hit a lot of Cannabis stocks. The FDA held meetings and reports from the meetings were mixed. After those news reports, Cannabis stocks got hit – ACB for another  example. The mixed news about the FDA and the downside reaction was in my opinion premature. Looks like people have realized that and the prices are back to normal.

Still holding both APHA and ZBISF.

Stock Chart of APHA - Aphria Inc

Stock Chart of APHA – Aphria Inc. Chart create using Stockalyze.

Stock Chart of ZBISF - Zenabis Global Inc

Stock Chart of ZBISF – Zenabis Global Inc. Chart was created using Stockalyze

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

Posted by: Vincent Banial

ZBISF Swing Trade Review

On May 30 I had purchased 1,000 shares of Zenabis Global Inc (ZBISF) at close at $1.255 per share. Why? To test my ideas for an “After Work” Swing Trading System. I believe the price could rise to the Resistance level around $1.49-$1.50. I’d sell at $1.45 to $1.47.

More immediate Resistance is at around $1.35. If the price moves up above $1.35 then it could head to the next Resistance and I will get out at $1.45-$1.47. Making 20 Cents per share on a stock trade is not a big deal. The key is to see if the system can find a stock worth buying.  If it works then you take the 20 Cents (only as an example) and rinse and repeat.

Stock Chart of ZBISF - Zenabis Global Inc

Stock Chart of ZBISF – Zenabis Global Inc. Chart created using AmiBroker.

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

 

Posted by: Vincent Banial

APHA Swing Trade review

Had bought 1,000 shares of Aphria Inc (APHA) on May 28 at $7.62 per share.. Why? To test my ideas for the “After Work” Swing Trading system.

The trading since has been similar to what happened after March 18th of this year. Price went down towards the middle between the two Bollinger Bands. Price closed below the moving averages, which normally would have gotten me out of the trade.

The MFI went lower and hit the trend line. The price stayed above the Low of May 23 ($6.38). I have read that is is prudent to buy on the retest of the low, instead of the initial price breakout, In this case It would have been better to wait before entering. I suspect on Monday trading will reverse as RSI(2) is back into Oversold.

Stock chart of APHA (Aphria Inc)

Stock chart of APHA (Aphria Inc). Chart created using AmiBroker

 

So far this trade is losing money. As long as the price holds above the $6.38 Low I’ll stay in.

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

 

Posted by: Vincent Banial

Buying 1,000 shares of ZBISF just before close today May 30 at Market.

ZBISF (Zenabis Global Inc) is a Canadian Cannabis stock trading Over the Counter. It is priced well under $2.00 per share and so is a “Penny Stock” and the trading volume is in my opinion “Low”. Normally liquidity is of importance. It allows one to dump, in case something goes wrong with the stock. This is being bought based on my new “After Work” Swing Trading ideas to “Test” them.

Checking the chart you see rising lows on RSI(2) and on MFI(4) and on the Detrended Osc and on the Stochastics. In my opinion, that is a safety net. If the price continues trading in the channel, then price could hit or close just above the Upper Bollinger Band. and come back to around the Middle between both bands.

Will I become a Millionaire with this trade?  Sure, if the stock prices rises to over $1,000,000 US per share. That would be a historic OTC Stock move. If the Swing works out, then I might buy back in again. IMHO there looks to be upside potential. Trading volume is low and so can’t buy a lot of shares, but it’s a great chart to help confirm my new “After Work” Swing Trading idea.

Why buy at close instead of open tomorrow? I’m home today, so why not. The “After Work” idea is to buy or sell either at Open or at Close and not worry about trading during work hours (again this is not Day Trading).

Stock Chart of ZBISF - Zenabis Global Inc

Stock Chart of ZBISF – Zenabis Global Inc. Chart created using Amibroker

Zenabis Global Inc also trades on the Canadian TSX in Toronto under symbol ZENA (or ZENA.TO).

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

 

Posted by: Vincent Banial

This morning’s trading in APHA – Aphria Inc

APHA started up today and then reversed. Look at the chart in my prior post. The price hit the upper Bollinger Band today. Many traders buy when the price hits or goes below the Lower Bollinger Band and then they sell (Mean Reversion) when the price hits the middle of the two bands or when then price hits the Upper Bollinger Band. Since I’m not Day Trading this, it’s not an issue. I figure then support is at $7.35 (Friday’s close)and then we’ll have a bounce back up.

Oh yea, a shout out goes to the Stocktwits.com website. One of the good folks from that site linked to my post and we’ve had a number of visitors. Thank You “exHawaiian” for mentioning my post.

Click on this link to visit the StockTwits.com website to view their discussion about APHA.

Click on this link to visit Nasdaq.com to view their real time chart of the trading of APHA  so far today. I note that as the stock price retraced back down the volume went down. at 10:21AM it hit it’s low of $7.40 and bounced up. At 10:36AM is came back to retested the low at $7.40.  at 10:39AM is touched $7.36. There’s a old saying: “Gaps get filled”. At 10:46AM the opening gap got filled as the stock price of APHA hit $7.35. At 10:51 it touched $7.27. The middle of the Bollinger bands is around $6.97-$6.98. The Shorts this morning could hold out to that level since support was broken at $7.35. But then again this is a Swing Trade and not a Day Trade for me. The only way for me to see if the “After Work” Swing Trading ideas work is to test them and not switch into Day Trading mode.

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

Posted by: Vincent Banial

Order filled @ $7.62 ea for 1,000 shares of APHA (Aphrioa Inc) on NYSE this morning

The Buy order was filled this morning at $7.62  for 1,000 shares of Aphria Inc – symbol APHA on the NYSE. This stock also traded on the TSX in Toronto under symbol APHA.TO. I charted both and noted that the Momentum on the NYSE was stronger and so placed order there. The Momo would not impact the buy, but when I sell there could be more buyers in NY versus Toronto.

In hindsight, since the US markets were closed yesterday (May 27), but the TSX in Toronto was open, I should have bought at the Open on the TSX yesterday May 27. Trading in Toronto confirmed what my “After Work” Swing Trading ideas had indicated –  that APHA was breaking out.

APHA (Aphria Inc) Stock Chart

APHA (Aphria Inc) Stock Chart. Chart created by Stockalyze

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

 

Posted by: Vincent Banial

Buying 1,000 shares of APHA at Open May 28 on NYSE at Market

I have been taking time lately to work on my “After Work” Swing Trading system. One that I don’t have to monitor the market every minute as with Day Trading. This way I can go to work and not worry. When I return home I can then check to see what’s happening and post the Buy or Sell orders for the next day as needed. I normally trade regular market hours.

My attraction for Price Gap Ups has to be curtailed. Gaps come back and fill, this month has shown me – yet again. Also Investing for the long term bugs me, as you have to absorb price drops and not sell. The month of May showed me how painful that can be. In the long term (as in years), I’m of the opinion that it will work out, but short term those price drops are painful to watch and sit tight.

My new “after work” system is based on tried and true work done by others. I use the 2 Period RSI – yes 2 period. Because the RSI does not take volume into account, I also include a 4 period Money Flow Index. Why? Drawing trend lines on the MFI can give me insight into the stock trend. For example MFI(4) is making lower lows, while the RSI(2) is indicating a potential trade. Ya the trade could work for say one day and come back because the trend is not going up as per the MFI. I also add Stochastics, Williams%R and On Balance Volume. Those added Indicators can help indicate whether the stock price in trading in a channel. Could help in the future if I decide to trade Channels, but not at this time.

The price chart has the EMA(4) and EMA(9) plotted. Bollinger Bands are also added. For me it could be a buy when the price closes above the EMA(4) and Sell when it closes Below the EMA(9).  With Bollinger Bands, could be a buy the next day when the price closes down below the lower Bollinger Band. Could be a sell when the price goes above the EMA(4), or wait a bit more if it might go above the EMA(9).

Individually some of the stuff mentioned is used in trading systems by others. Just check YouTube.com and you’ll find an amazing amount of info. For me, each thing on the chart gives me some insight that maybe the other things could not. The Trigger to get my attention will be the RSI(2).

Based on this new “After Work” Swing Trading System I will be buying 1,000 shares of APHA (Aphria Inc) at Open on May 28 on NYSE. APHA is a Cannabis stock. I was searching for something on the Web and noted that APHA was being plugged on one website as a great Pot Stock. I did not read the article, but did chart the stock. The pop on Friday could be due to the it being plugged on the WEB – just my opinion that such may be why. My chart “in my opinion” shows a Breakout. This will be checked in the evenings, “after work”. Will not bother checking during the day time, during market hours.

Stock Chart APHA Aphria Inc

Stock Chart of APHA – Aphria Inc. Chart created by AmiBroker

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

Posted by Vincent Banial