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Here’s some setups I’m adding to my watchlist. I’m only trading if the market continues to look green and these confirm. That may happen any time this week but if it doesn’t happen, I don’t force any trades. Currently I will only enter positions with 5% stops or less given how tough the market has been to open the year. Many times after initiating a position, I set my stop to the low of the current day or the day prior, so I'm not using technical stops per say as I'd like to be more conservative currently and have smaller losses if I'm losing and positions move against me.
COOP 42.77 41.61 2.7
DGX 160 154.85 3.2
EXTR 14.67 14.26 2.7
LLY 262.50 255.63 2.6
Super performance is achieved by keeping losses small and preserving capital. I was reading about a professional trader who had 90% gains last year, in what was a tough trading year. He achieved most of those gains in about 6 total weeks, mostly all at the start of the year.
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