“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Today was my best month in terms of dollar profit, but not in terms of R:

In June I was up about 40R, but only about 18%. I pointed out that the problem I needed to work on was that my R was not as large as I wanted it to be. This month I was able to increase my average R value by about 20% (which was still only about 0.75% of my account). The result was more profit with less R.
In July I was also able to stop myself from overtrading by trading with only one monitor and from a coffee shop. This made it more difficult to trade, which resulted in more profits. The worst day I had was only down 1.5% compared to over 5% from June.
My win rate this month was higher than normal at 54%. 51% of my trades were shorts for 22.36R and 49% were longs for 15.9R.
August should be an interesting month as I plan to try out a system I call “compounding without compounding.” Basically, I am going to increase my R by 1% of the amount I profited in July (as I would if I were compounding), but I am going to take all of the profits out and put them in the bank. With a prop firm, I have plenty of leverage, so I don’t have to worry about not having enough buying power. The result is that my R value will be about 1.2-1.4% of my account.
The biggest problem I had by far for July was not letting my winners run. My goal for August is to continue to not overtrade and to let my winners run.

Wealth reminds me of manure in a field. When it is in a big pile it makes a bad smell. But when it is distributed everywhere across the field, it makes the soil fertile.

- Leo Tolstoy

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
Last day of the month - let’s try to top this month off on a positive note. Good luck dawgs.
The following alpha stocks are opening up:

The following alpha stocks are opening down:
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Daily updated CSV files of the top alpha, new all-time high, and new all-time low lists are now available via the Research Page. I’ve also added this option to the stock screener. Enjoy!
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Today is the type of day I wait for. They don’t happen often and you really need to take advantage of them when they come. Unfortunately I was out of it today and didn’t get much.
I really blew a couple of winners - I picked ATI and NVDA this morning, but sold them before noon. I even sold ATI for a small loss! I’m not letting my winners run, I only took a little over 1R on NVDA:

I’ve had a great month, but it would have been A LOT better if I had let my winners run. It is my biggest problem and is something I am going to have to put a lot of effort into next month. LET YOUR WINNERS RUN!

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
KNDL, PLXS, MIG, TSCM, GRMN, WFR and DBRN are recent alpha stocks that got killed yesterday and look bad.
Happy birthday tradermike.
The following alpha stocks are opening up:

The following alpha stocks are opening down:
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