Phoenix Angell is an old pen name of mine. I am resurrecting it as my trading identity. My real identity will remain hidden for now. 🙂
Though I have long been an amateur investor, it wasn’t until mid-2020 where I dipped my toes and then plunged into trading.
To this end, I set up a couple of small accounts to learn and to experiment with various techniques.
Like most traders, it wasn’t long before I experienced my first losses. I consider these losses are part of my tuition for learning.
There are many techniques that can enable you to be successful. I look forward to teaching what I do and to learn from others, so that I can continue to evolve my techniques, and like we all strive for, to improve my success rates.
Trading carries risks and I look to find ways to minimize risk, while becoming more successful.
What I do
Building Watchlists
I have multiple watchlists based on various criteria. For instance, I created a set of 3 watchlists based on earning cycle reporting, one for each month. Other watchlists include biotech firms, tickers with dark pool activity, news-driven stocks, among others.
Determining Trading Targets
In some cases, catalysts are the primary driver for looking at potential trades. But, my biggest driver is the ‘squeeze,’ especially when a ticker is doing so across multiple timeframes. A squeeze typically precedes a decent move, but you still need to figure out which direction it will move.
SMAs (Simple Moving Averages) and EMA (Exponential Moving Averages) are also used to determine potential viability of a trade, along with the direction of the move.
Entering and Exiting Trades
Once I decide to enter a trade, or to exit it, the question is when and where. My primary tools for entry levels are fibonacci extensions and retracements, VWAPs (single and multi-day), Bollinger bands.