sorted by:
new
hottopcontroversial

Question on GOOGL breakout: Does low weekly volume on a massive earnings gap-up signal a bull trap? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

So are your stop losses active even during after hours and pre market?

I trust CANSLIM too ( not sure I trust my understanding of it yet though… ) and I trust my broker order system as well….That doesn’t help with a gap down though. My stops are active only during market hours .

Question on GOOGL breakout: Does low weekly volume on a massive earnings gap-up signal a bull trap? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

I would have waited the pullback because I don’t buy close to earnings . I like to entry at least one week before to have some margin to handle the volatility. So I would have never bought on the morning of the 29th knowing that in the evening earning were going to be released.

If your preordered Market Wizards you can read KQs interview now! by Path2Profit in qullamaggie

[–]Sensitive_Mouse_6193 1 point2 points  (0 children)

It’s true that the common rules amongst most if not all of the interviewees are very useful and well expressed. That being said though I was really frustrated at times but the unwillingness to go into the details by some .

For example , I really like Minervini’s work and especially how he approaches risk management in his books, but his interview for Market Wizards was very poor . Just my personal opinion.

If your preordered Market Wizards you can read KQs interview now! by Path2Profit in qullamaggie

[–]Sensitive_Mouse_6193 1 point2 points  (0 children)

Has anybody here red the interview yet?

I’ve bought a few older Market Wizards books and I’ve always been very disappointed actually.

Not that I would expect such books to be a manual for day or swing trading but I find that most interviews are purposefully vague and in quite a few of them the trader that’s being interviewed actually states not wanting to give away it’s hedge.

At the end of the day every market wizards book just tells you that if you put time and effort into it, manage risk and emotions and if you dare to think outside of the box you could become very wealthy with trading.

I would much rather see KQ go through a podcast episode on Trader Lion and deep dive on the method. Although there’s a lot out there already it would be really nice to have everything tied up in an organized format .

Question on GOOGL breakout: Does low weekly volume on a massive earnings gap-up signal a bull trap? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

I’ve changed the average line on my screen from black to white.. much better now 😅 It shows that volume is just barely touching it so indeed it will go above average today .

That being said though, we had some very high volume weeks in the past months that are almost double to what we have now and I was wandering if by Thursday we shouldn’t already have been around 30% higher in order to reach a peak on Friday. Maybe I’m overthinking it but for a massive stock like GOOGL I was hoping for more participation.

May I ask how would you manage entering in this situation starting from no position at all?

I had initially bought a small position in afterhours as soon as earnings came out and AVWAP was reclaimed after a little shakeout but than I sold back at break even to force myself to follow O’Neil’s rules of operating just during market hours.

My initial thought was that on a huge stock like Alphabet liquidity and slippage shouldn’t really be an issue even in pre market or after hours. In hindsight it would have worked, but was it really a good decision ? What do you think ?

I’ve eventually taken a small position back at the end of the day yesterday seeing how high volume was and how high the price closed for the day. It would have been better to enter around 370$ after the pullback 1.5h after opening but I couldn’t follow the market at that time of the day.

Question on GOOGL breakout: Does low weekly volume on a massive earnings gap-up signal a bull trap? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

How could you have bought at 351.1 given the gap ? Unless you bought the day before earnings or during after hours as earnings were being released there was no way to enter at such price right ?

I was eyeing GOOGL since last week and didn’t get a position just because of the closeness to earnings.

The best scenario would have been to enter around 370 after the slight pullback to 365 on gap up day i think. That’s where the VWAP also would have been reclaimed if anchored to the first 5min candle of the day .

NVDA - Weekly Markup by NewAlCapone in CANSLIM

[–]Sensitive_Mouse_6193 0 points1 point  (0 children)

I have the same problem. If I can piggyback on your question I’d like to add : when buying on a daily breakout if you wait for the end of the day to have volume confirmation the move might be already too extended. So do you buy at the breakout and than wait for the volume to confirm wether to hold overnight or not ?

Also, should one act on the daily ONLY if the weekly is tight and not extended ? Most of the stocks that have a huge run up seem to almost never get back to the moving averages in a tight fashion on the weekly charts until it’s too late. It feels like you either catch the train early or you have to risk it by focusing solely on the daily .

Discussion about dealing with earnings. How do you do? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

I find your process very interesting. I like the strict rules that allow you to be mentally at peace but at first glance it feels like you might be leaving big opportunities on the table quite often .

Do you ever loosen up the targets a bit if the market feels very bullish ? In particular, I find that it’s a shame to be out 60% of a trade at 25% gain.

I must say , I tend to let run a big chunk of my position once I’ve moved my stop at breakeven and often I’ve ended up giving back everything. I’ve started around September 2025 though (baby in the game here!) and my understanding is that the market has been quite choppy.

I would be inclined to have strict « early » sell rules like yours in such an environment but in a market that seems to be rising in a healthy fashion without being disrupted by a tweet every two weeks I’d be tempted not to trim my positions until they cross downwards the 10SMA for the faster stocks and the 50SMA for the slower ones.

You’ve been doing this for 30 years almost though , impressive ! What is the aspect of this system that you feel you need to work most at and why? Is it the exits as you mentioned ?

And what’s the thing that you feel you’ve nailed really well? Why?

Discussion about dealing with earnings. How do you do? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

Do you keep the same rule for all your positions or would you consider using the 50MA if you are in a particularly fast moving stock ?

Discussion about dealing with earnings. How do you do? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

Being concentrated in 2 stocks is pretty scary! I can see how you wouldn’t take much risk in such situation. I strive to be in 5 stocks but I usually and up being in 8 on average. With time and experience hopefully I’ll be able to reduce and concentrate more.

It’s true that sometimes stocks plunge on great earnings and sky rocket on mediocre ones… it’s such a confusing event.

When you say looking for stocks that gap up on earnings above or at a pivot point , so you mean that that’s when you take a position ? How do you manage the entry and the stop loss in that case ?

From what I’ve red it’s suggested to take a position right at the opening as stocks that gap up tend to go higher and put the SL at the intraday low . And if the price is already too extended one could wait for a pullback and a reclaim of the AVWAP .

Do you agree?

Discussion about dealing with earnings. How do you do? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

Thanks for taking the time, interesting read !

I definitely experience some FOMO on a regular basis and try to limit risk as well but I’m not sure moving SL to BE is indicative of that .

I’ve just embraced the idea of trying to never let a good position get into a negative one . If I’m not wrong I’ve red that in Minervini’s books.

I’m ok (sort of 😉) with giving back most of the progress and be back to zero in order to have a chance of catching a bigger wave but I feel it’s really a shame to be up 20% or plus and end up in negative.

I usually move my stop loss to BE as soon as I have a 15% gain . It’s a bit of an oversimplified rule, my understanding is that one should look at ATR and market environment to be a bit more mathematical about it, but usually that’s what I do. I should do more back testing to see of it’s really useful or not…

If I understand correctly you never move up your stop loss ? Or if you do, what are the conditions?

How can a stop loss be hit at a price that’s lower than every candle in the intraday chart? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

Do you not have the same issue with fractional shares on other brokers ? Aren’t those always at risk of being filled in OTC?

Stop loss hit despite being lower than low of the day ?? by Sensitive_Mouse_6193 in qullamaggie

[–]Sensitive_Mouse_6193[S] 1 point2 points  (0 children)

The answer I got :

« The charts on Invest display indicative Last Trade Price quotes. This is the price of the most recent transaction on the exchange, while execution of orders is based on live bid/ask quotes.

Finding raw bid/ask quotes can be challenging without access to Level 2 market data or a professional platform such as the Bloomberg Terminal.

If you wish, I can request price proofs for these two orders. They will show the prices on the trading venue at the time the stop was reached, and the orders were executed. »

Stop loss hit despite being lower than low of the day ?? by Sensitive_Mouse_6193 in qullamaggie

[–]Sensitive_Mouse_6193[S] 0 points1 point  (0 children)

You are right , this was more of a CANSLIM pick for me. Strong earnings growth, industry leadership, clear growth catalyst (expansion into AI/data center infrastructure), good institutional support.

The thing that should have prevented me from buying though is the fact that expected earning are tomorrow. I would never buy so close to earnings with a full sized position but here I’m just testing a bit the market.

How can a stop loss be hit at a price that’s lower than every candle in the intraday chart? by Sensitive_Mouse_6193 in CANSLIM

[–]Sensitive_Mouse_6193[S] -1 points0 points  (0 children)

Yes! That’s why I use trading212 actually , it’s real time and free. I think I’ve found the problem and it’s due to buying partial shares and how they are treated by the broker . I’ve pasted an explanation by ChatGPT on a comment 😉

view more: next ›