Paper Trading Stocks 📝
Day 1 of our $APRN paper trade
Let’s do a real time paper trade. I found this Stage 1 setup today in $APRN using a Stage 1 scan that I made (code at the bottom of the post).
- There are solid days of Support
- The MACD has reversed into upward Momentum
- TMO flipped to green and is low but rising
- Current price ($3.14) is well below the 200 SMA ($5.73) — a bread and butter trade
- TipRanks and Morning Star have this valued at around $10
DAY 1 (8/1/2022)
Today we’ll take a small position of 100 shares for $314, with the following OCO parameters on 25 shares:
- 1st TARGET: $4.00
- Stop Loss: $2.77
And the same S/L on the other 75 shares.
We’ll add more shares as we go perhaps at the Stage 1 as it moves in our favor, but definitely at the Stage 1 Breakout when the price closes above the 20 SMA and maybe more when the 5 EMA crosses above the 20 SMA in a Stage 2 Breakout.
*Remember: The Stock Market is fractal so all this works the same if you have 100 or 1,000 or 10,000 shares.
Scan Code
[today’s EMA(5) < today’s SMA(20)]
and [today’s MACD Hist(12,26,9) > yesterday’s MACD Hist(12,26,9)]
and [today’s Elder Bar Red is false]
and [yesterday’s Elder Bar Red is false]
and [today’s close > yesterday’s close]
and [today’s close < today’s EMA(10)]
Click HERE for a post on making custom Scans on StockCharts.com
UPDATE — AUG 10th: Click here to read it
Trade long and prosper!
🖖
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