SD-2020 TRADING WITH THE TIDE

[sd]

10-6-20
Markets rallied hard yesterday on expectations of a stimulus plan. I'm primarily in cash in Van. -missed the gains. Today the President said No to the democrats proposal on stimulus as the Dems were asking for monies contrary to the Republican party beliefs. Markets were disappointed.
Since my Van Roth stopped out last week- on tight stops- Yesterday's up move was based on hopes of a stimulus package- Today, that stimulus is off the table, markets decline- So goes the YO-YO- Trump playing hardball.
ICLN -a play on the ESG clean energy has been trending nicely higher the past week- Up nicely this past week- Stops tightened
10-7--20 premarket-putting in lower limit order on Ark Funds.

[sd]

10-7-
Found myself chasing higher prices this day- but the market seems to think there will be a stimulus despite the talk to the contrary- Go figure!!!
Still holding some lower limit orders based on the low swings earlier in the month.
Added back ARK funds, added more to ICLN, with trailing stops locking in the majority of the prior gain...Tan, VGT, RYT is the eq.wt tech-

10-8 update- Markets up slightly again-
Saw some upside gains-
....

[sd]

10-9
Day off from work- putting 100k of the cash position back in the market today- keeping 25k in cash

The decision to BUY additional positions today is on the broad market upside that continues this past week + .

I've made back about 2k by my earlier partial reentry the prior week, - chasing a strong market wide move today ...
And held a substantial % amount in cash that earns nothing-
Is the market discounting a Biden Win? Trump yesterday said No to a virtual debate- and No to a stimulus-Yet this pm it is
announced that he was willing to offer a larger stimulus package to the Democrats- My decision to go long was from the open...
Without a stimulus offer, the market still opened higher today- So, I elect to not have my Bias stop me- trusting the charts instead.
I had to cancel my low limit buy orders, and go long...and decided I would mix my holdings up with some diversifications
and also some individual stocks.


In the trading account- Added a few more shares of ZM, The leveraged TQQQ, IPO, HACK - still holding ARKF,ARKQ,ARKW, SNAP.
Snap is barely participating, but only a small 34 share position. IB Trading account finally back above 15k today.
Snap has been holding a sideways 27 range the past week. I could have placed more emphasis on the TQQQ leveraged position-
just breaking higher today.......but leverage works both ways.

In the Van Roth - I added to all of my positions in the ARK Funds-ARKF,ARKQ,ARKG,ARKW;ARKK and decided I would add some small 1% stock positions in a
few momentum names FSLY, NFLX,WORK,SQ- Heard that SQ made a large investment in Bitcoin- Also the ARKF fund holds some Bitcoin
positions. Also added IPO as well . I've always used the Van Roth as the more speculative portion of the portfolio.
The ARK funds provide exposure to all of these names I believe, but I wanted to see how they may under or out perform .
Conversely, My ARK Funds exposure is about 1/3 of the total net portfolio value-but will drive the majority of growth if the markets
continue to trend higher.

In the Van IRA- I had taken a small contrarian position previously in the beaten down energy sector-VDE and added 50 shares to it today.
As part of mixing things up- I also went spec on an upgrade for GE -150 shares, and FCX 100 shares for the copper/gold ,SMH
As part of the ESG movement, I doubled my profitable positions in ICLN, TAN. and started ESGE- and may add another ESG fund...
Doubled RYT- Equal weight Tech, VTI,VXUS , RPAR; and added back VGT, VWO. The equal weight Tech is designed to keep tech exposure
without the potential negative of the well known large cap names possibly coming under the gun with break-up type regulations.

A lot of purchases today- and I will admit that it is a FOMO decision- My hesitation and concerns about how the upcoming election
will be a potential sell-off is not reflected by the Market's reaction - and earnings as being reported are beating estimates in
some of the initial reports.

We've all heard the projections for low growth in the next decade- but finding those areas in favor with the market- Presently Tech dominates;
but what will be the winning sectors next year? I think Tech and health care as broad sector plays will continue to bring the evolution and growth
that spurs areas in the economy. Drilling down to overweight those segments that lead should bring better than average performance-

Presently the market seems Optimistic- and not allowing the Election uncertainities and the potential resumption of a surge in the virus and the flu
disabling the economy....
What if we have a strong recovery, a Stimulus package, a vaccine ? And the Fall/winter is not a political, medical and economic disaster?
Fear of the unknown holds one back....
Ultimately, Putting Risk on offers the potential for larger net gain- Putting a larger % of one's portfolio in Risk assets also increases the potential
for larger loss. That's the trade-off and I hope to continue to manage that Risk with trading long when markets are trending, and defensively trail stops-

I just added GRID- a Power ETF:
etfdb.com/nasdaq-portfolio-solutions-channel/smart-grid-investments-a-smart-idea/
Having a day off to watch-and participate in a market trending higher certainly inspires one's sense of the "Potential" gains that could be possible.
"Risk" control is achieved with trailing stops- And No Bond positions.
A single Black Swan event - could derail even the best of plans.
Can I see a 15% gain or loss over the next year? The goal is to see that net gain-


A reality check will undoubtedly be forthcoming.
HUBRIS-

en.wikipedia.org/wiki/Hubris

GRID: INFRASTRUCTURE PLAY + ESG

i.imgur.com/qSmEaK0.png
etfdb.com/nasdaq-portfolio-solutions-channel/smart-grid-investments-a-smart-idea/

FCX - COPPER AND GOLD COMMODITIES-

i.imgur.com/8EIs71I.png

ICLN- IS EXTENDED IN PRICE HERE-

i.imgur.com/U7YaWEb.png

ARKK - TRENDING HIGHER

i.imgur.com/vondPT6.png

SCORCHED EARTH ARTISAN
Labor intensive- Japanese process of burning the wood, cleaning, glazing, epoxy resin coating.
Unique- One of a kind.....
i.imgur.com/3K2Dsj7.jpeg

[sd]

I'm considering allocating a portion of the portfolio to Dividend Paying ETFs-vs trying to select individual stocks-
investorplace.com/2020/04/5-dividend-aristocrat-etfs-build-income-portfolio/.
However, in March NOBL also had a drop of -36%, but since has recovered well. SPY outperforming
Snapshot compares BRKB,SPY,and NOBL over 3 years-
BRKB does not return dividends to it's holders? and has not participated well in market growth .

i.imgur.com/ibFrDu0.png

Note the next chart includes the recent Tech dividend TDV and only goes back less than 1 year- with the new TDV performing best in 2020.
i.imgur.com/HoNUIu1.png

[sd]

10-12
Markets all higher-Mixed Political messages- Trump offers a larger stimulus- Dems refuse- Mixed gains in the Ark Funds-
Mixed messaging in the Corona virus .... Supreme Court nominee.underway...
Overall a net higher gain today- It seems that the markets see upside rather than fear...
LOLO- as my granddaughters refer to my wife- added to her positions- and also added trailing stops- .
I wonder where we go from here with 3 weeks until an election-
My accounts are within 2% of all-time highs- and I'm 90% in -after Friday..... and considering Voog and TDV- with the remaining free cash in the Van Account-
The leveraged TQQQ in the IB account gained 10% in 1 day- small change adds up at that rate..

[sd]

Busy work day- Good to see higher net gains -but markets flat. A couple of vaccine holds from JNJ, LLY cannot add enthusiasm to buy the market- TQQQ- closed flat- but nice gains in the Ark funds overall. Overall, Each of my positions in the Van Roth are in positive gains- Van IRA, a few losers - not hitting stops- including the contrarian low ball entries in GE and VDE.
LOLO is getting more active, and is including stops in her positions-As she is just recently getting her toes in the water-with her Roth account. Still haven't been able to convince her that viewing charts are essential- and she pointed out to me that $750 earlier, I tried to dissuade her from buying ZM- LOL! However- I think she will be a convert over time. :)to viewing charts...and perhaps TA !
One of the things I enjoy most about my job is problem solving- Identify an issue and work for the resolution- allowing everyone to move forward- It seems that many are willing to sit back and wait for someone else to address a "problem" - only wanting someone else to provide a solution that they don't necessarily participate in....
While the job provides a level of financial gains and stimulating (frustrating) challenges- I haven't resolved in my mind how I will feel about life in retirement- But I informed my PM today that this is my final project-May 2021 - and I will be happy to step aside earlier -
For the few folks that may pass this way.... I would strongly encourage the wake up call of investing early and more than you think you can afford- so you have a level of financial freedom and thus greater freedom of choices in life- at an early age- I'm not complaining-How much of a cushion is adequate??? just encouraging the greater awareness of the importance of investing- and the younger the better-. After all of the years on this website- the biggest take-a-way I would hope to pass on to the reader - Is that you should invest early- and like voting- frequently. The earlier one starts, the gains are later magnified by compounding of the compounding over time-
Even Young people starting out should learn to live on only 90% of their paycheck- and to put aside that last 10%- for a financial safety net to cover 3 months of expenses and then as an investment. Don't fall into the trap of credit card debt....
As millions -and my adult daughters- struggle through this pandemic, they are exposed to conditions not foreseen over several generations- but the reality is that the financial stability in this country has had large periods of decline- 2001, 2008 and we are clearly long in the tooth in this historic bull market- but that points out the need that people learn to live below their full paycheck. Sometimes hard to realize when you are trying to get ahead and so many offers are available to fall into credit card debt.
I'm amazed at how the system has largely passed up financially educating the majority of high school graduates, when it is such a critical point in their lives as they enter the "real world".
Instead of this being an "each man for themselves" awareness, to learn to get it right- Why are we not teaching one another? Financial awareness is both a responsibility and a Freedom.

I recently met an individual on the project site that shows an exceptional work ethic and dedication- and follows her own principles of living her life by her beliefs-
I expect that She and I likely differ politically - but I am very impressed by her well grounded work ethic - and lack of making excuses- race,gender etc. and respect her ability to outperform in this construction industry. Truly an exceptional person- But with no knowledge of the power of financial responsibility and the power of investing-
Until we- as a society- bring up the ability and a pathway for others to achieve financial stability and ultimately financial freedom- we will continue to have a society that is separated and divided- I do not believe that we engage in give-a-ways- but that we incentivize individuals to apply themselves and see the rewards that financial steps can bring....

[sd]

10-14- Markets closing lower on a lack of a stimulus agreement- Dems are holding out through the election-and I hope the people they put into financial jeaporday for their power play
rebel at election time and pull the R lever- If we want the majority to survive- small business needs to survive- and prosper. and I think the Republican party offers the best support for small business-
This hits home on a personal level, as my youngest daughter has a consignment shop and is almost out of options- Her landlord wants her to pay full rental and her business was closed by the Governor's edict-
and now that we have a partial reopening- , her business volume is 50% of what it used to be pre pandemic. For all of those small employers- this pandemic will likely put the financial and emotional stress to the breaking point- And the end result is a loss of commerce, loss of jobs, a recession for a large part of the economy. and tens of thousands of jobs will be eliminated.
As busineses go under, the Tax revenue drops, and funding for programs evaporates.
Stimulus is a political football?

[sd]

10-15- Markets opening lower- TQQQ stopped out, ARKW - both locking in some gains- small loss in IPO. -in the trading account- FSLY was down hard yesterday- lost over 1/3 of it's value on disappointing earnings-
Glad I'm only holding a small .5% position- relying instead on ARKW- Still holding in the Van Roth with a wider stop-basis than the trading account- I believe I also set up the stops to not take out the entire position- Most stops affect 1/2 - I elected to do that vs the whole position as a way to maintain a core position in Ark funds- and not see a total whipsaw-

Didn't see as much damage as I expected- stopped out in a few positions- in the trading account- locked in some small gain in TQQQ, larger in ARKW- FSLY down hard and stops out for a loss. Markets closed higher than it opened- Ideally a sign for better things tomorrow? I'm overall pleased that the majority of my positions remain intact.

[sd]

Ended the week flat-but holding long-

SAT- We're going Early voting this AM! Big turn-outs reported.
Week's winners- ZM- continues higher- perhaps all due to spread of Covid-
I 've been holding a small Snap position- It hadn't moved much -but recently gaining and Fast Money Steve Grasso believes it will be a winner in earnings
approx 50% of the positions with tighter stops in the trading account stopped out- TQQQ managed a gain- but small compared to where it was 2 days earlier-
I took a big hit on FSLY This week- I had a stop loss that I thought was adequately wide- 106, but I had a stop limit low of $100 - FSLY sold off from the $130 level and opened way down @ $85.00
well below my limit- Likely represents a 60% price loss on the position- single stock Risk. It's now in the prior sideways base range- Lesson to be learned is that FSLY represented less than a 1% position.

[ira85]

I've been traveling recently. Got home this evening. Visited my mother who will turn 94 y/o this Thursday. During the dust bowl she had asthma. The doctor said she needed to move out of the dusty farming area to a place with clear air. Her parents had no money. They loaded up a truck and moved to Colorado where my grandfather worked in mines and my mother breathed clean air. The family of 4 lived in the truck for two years. Mining in the 1930's was physically very hard work. The family persevered. My grandfather became a successful farmer owning 2 big farms. Hard work and perseverance solve a lot career problems. I'm writing this in regard to SD's co-worker who is a hard worker.

To live a comfortable lifestyle requires most of us to have a good job. A few inherit financial security or have some unusual good fortune. But most of us work. In addition to the hard work you must be productive in your work. Understand what your job calls for. Listen to your supervisor about what they need you to do. It would be possible and a waste of time and energy to work hard at something your boss doesn't care about. You want to put that hard work into the things the boss cares about. As a supervisor I always learned what the boss wanted my department to do. Then I enlisted my team in the pursuit of being successful as a team and building successful careers. They almost always went along with me and we got recognition as a department for our productivity. I never took a day off sick. Lots of people take a day off here and there and say they were sick. I never did it. It's important to do the things you tell others to do. You need to build credibility as an honest, hard worker. If you want that from your team, you need to lead by example. As you build your career you want to have a reputation for being honest, dedicated to doing good work, and gaining the confidence of your superiors. Example. Lots of people don't like to read manuals and regulations. If you are assigned to do some task that has written requirements read the manual, study it. Know what the requirements are. I once knew a young woman who was a nurse. She was very good about keeping good records. She knew what was required and did it. She rose from nurse to supervisor to department head to the highest administrative job in her hospital with over 600 employees and a multi-million $ budget.

Work hard and smart. Build your career. A career you are proud of. That kind of work track record may serve you well some day. Great workers sometimes lose their job. The ones with a great track record get another job. Having a great track record allows you to take a spill and land on your feet. You will be able to find a former supervisor who will write a letter and make some phone calls to help you.

I'll stop there. I can't give investment guidance. Really. I was a much better worker and supervisor than I've been as a manager of my investments. Listen to SD about investments. It's very important. It's something you need to address while you are young. It's very hard to neglect planning for retirement until you are 55 years old and then start investing. -ira

[sd]

Well said and important ways to approach your job IRA,
I think having a strong work ethic is essential along with the dedication to the success of the project or team.
Will add to this when I get the opp. Work calls

"I'll stop there. I can't give investment guidance. Really. I was a much better worker and supervisor than I've been as a manager of my investments. Listen to SD about investments. It's very important. It's something you need to address while you are young. It's very hard to neglect planning for retirement until you are 55 years old and then start investing. -ira"

You are definitely right about starting investing while you are young- The benefit of compounding is staggering-over decades. and one should go for growth when young-not safety- Sadly, some don't even Take advantage of the employer match - Free money- a 100% return .....and I would then think one would try to next max out the Roth- because the tax rate is low today compared to what it will likely be in the future.
Then an individual IRA after that- which should be done through an account manager that offers one the freedom of choice in selecting from stocks, ETFs or mutual funds- Unfortunately, my company sponsored IRA only offers selections from American Funds Mutual Funds- so I have learned to Roll these over into my personally managed Van IRA account- will do so again this Jan. I played catch-up late in my work career-
If I only had the personal discipline to put 10% into investing when I was young- but that realization was learned late in life. Ramsey has the right idea- Get out of debt-Pay cash- Emergency fund put away, then invest.... Don't allow the credit card companies to enslave you- Even student debt needs to be wiped out-

As far as the work ethic- it seems more difficult to find those individuals that stand out from the crowd- I have found one such individual working for a contractor on my present project that really impresses me with her work ethic and self motivation- I have recommended her to another firm- and she has an interview scheduled- that hopefully will open a door for her potential to be realized.

My co-worker has a difficult path ahead and 6 weeks of chemo, and radiation- and an undetermined outcome.
If anyone reading this thread wants to make a contribution to this really decent human being , husband, and father, the go- fund-me link is in the e-mail message below sent out by our Office manager.
Thank you-

Good afternoon all,

As most of you are probably aware, Justin had a seizure several weeks ago that lead to a car accident. Upon medical evaluation, 2 brain tumors were found. Justin had a tumor resection 2 weeks ago and was diagnosed with grade IV Glioblastoma. He has a meeting this week with his oncologist team to discuss chemo, radiation and clinical trials. As you can imagine, this has all came as a major shock to Justin and his family. As a company, we are wanting to support them in any way we can and pray for Justin to beat this nasty disease.

A Go Fund Me page has been set up to assist with his upcoming medical bills, and ongoing care. If you feel inclined, any amount would be appreciated. I also believe texts or emails including words of encouragement for Justin would be appreciated. We want Justin and his family to know we are here to support them.


A link to the Go Fund Me page is listed below.

www.gofundme.com/f/justin-medical-bills?utm_source=facebook&fbclid=IwAR2hgFq_jCKOCfA09NVhC5YWXq68haibYt0fIJgK2Vdwded0_9DZ6iC_3FI

[sd]

10-21-
NFLX disappoints- and it was one of the individual stocks that I have a small position in- and will likely take a loss on it as I'll sell it at the open -Down -6% premarket.
On the other hand , I hold SNAP in the trading account, and it reportedly is up 25% this premarket on an earnings beat-
FSLY- losing trade -gap down below my stop-limit - now is at $83.00- and change- and somewhat basing near a prior support level- so I'll use $80 as my market stop - and potentially allow this to ideally move higher- However, I do not intend to keep this as a position- and will look to sell this loser in the near future-
I heard one contributor this am present a different outcome than I anticipated if the Democrats win the House and senate- and perhaps the presidency-
While they feel that such a win will see higher taxes eventually, they also expect a larger stimulus would be the immediate end result and that is where the markets are positioned.
I think that the stimulus brought by the Republicans these past 4 years- incl tax cuts, some deregulations, jobs brought back to the US is the best path for the long term.
Reading this article about the economic disruption coming in the future - with tech and automation rapidly transforming our world - and the upcoming loss of jobs -and the potential for new jobs-
with people needing to adapt, retool, reskill themselves- certainly is worth preparing for.

www.cnbc.com/2020/10/20/wef-says-machines-will-create-jobs-but-warns-of-pandemic-disruption.html

[ira85]

What a terribly sad situation Justin and his family are facing. Glioblastoma is just a terrible diagnosis. Everything happens so quickly there is barely time to react. When I think of Justin's challenges I count myself lucky to be dealing with a disorder that unfolds slowly over a matter of years rather than weeks. Most of the time I feel pretty normal. But today I had a little reminder that dementia is still working on me. I was trying to make a donation to Justin. I worked that web site for probably 2 hours and couldn't find how to make a donation. That web site is for the general public, not just rocket scientists. I know I should be able to use it successfully. But I gave up. By mistake I made a donation to a fund to help with the forest fires in the West. I couldn't find a way to cancel that and re-direct it. So if it's the thought that counts my thoughts were with Justin and his family. But the tangible benefit didn't happen. I'm sure I could have made the intended contribution 2 or 3 years ago. Oh well. As Doris Day used to sing, "Que sera, sera." I'm tinkering with my rehab program. Not ready to give up on that.

On a completely different note and more to the purpose of this board, I read an interesting article this morning. seekingalpha.com/article/4380487-economic-growth-will-be-huge-stocks-will-drop?utm_medium=email&utm_source=seeking_alpha&mail_subject=sp500-economic-growth-will-be-huge-but-stocks-will-drop&utm_campaign=rta-stock-article&utm_content=link-0

It seems pretty math intensive. I didn't understand the details of how it works. But I got the general idea. I'm going to "follow" the author on Seeking Alpha. And congratulations on SNAP! -ira

[sd]

Thanks Ira for the effort to try-to contribute for Justin- Very Generous- Stay with your rehab program!. You are right , it's a very tough road he and his family face-
We had a banner signed by some of the crew on the jobsite- Everyone likes and respects Justin- salt of the earth kind of guy....
We've talked -pre accident- about his dreams, the pathway to get there- And he even got active in trading/investing - activated a small and inactive brokerage account this spring/summer and
made a nice % gain with a few choice picks - ARKK among them.
Tough surgery- woke him in the middle to communicate as they were operating- Photo link isn't working at this time-

i.imgur.com/LwulXn6.png

i.imgur.com/a4eaRzT.jpg
I informed my management team this week that I will be leaving in 2021-going out to the pasture to enjoy the purported golden years. hopefully in good health... and yet had hoped to be leaving sooner- yet circumstances being what they are - will hang here a bit longer, and likely will finish this project. Al in All, this small family company has managed to keep it going -even through some tough market cycles- 2008-09, and for 26 years has allowed me and my family to also maintain a steady income.

I read the article- but do not think that cycles as such- and FIB - are something you can rely on- Perhaps over very long cycles - but short term- and predicting a market decline within a 4 day window-
I had a Crazy 8 ball when I was young- it would be right at least 50% of the time

I raised and tightened partial stops this am- on the gradual weakening and lack of a stimulus- Instead of closing out the entire positions- On average , stops would reduce position size by 2/3-
The political wrangling is hurting those millions of Americans that find themselves out of work, out of stimulus, out of unemployment funding...

LOL! I hope Snap offsets the big FSLY loss- Easy to focus on the wins- but have to take it all in context. I'm solidly in profits in FCX, GE- ZM - individual stocks that are small 1% portfolio experiments- The key there is to take the 1st loss-early because it's the smallest- but you also have to be willing to let the winning trade some room to run- Snap would be a good example of being patient-
but it was easy to do so as it never got sloppy choppy and too volatile- But my major focus remains to have a strong portfolio -primarily in Tech/ automation/healthcare but perhaps tech has peaked in the short term -
ultimately, I believe that tech should be the real driver in one's portfolio as it is what will continue to drive a disrupted economy forward. Some things like Zoom , PTON - present outperformers and very high PE may eventually come back to reality ... stop-losses will capture a portion of the net gains , and not allow a winning position to become a loser simply because of indecision.... I can always Buy at a lower level- or chase to reenter at a higher cost-
Debate is starting- Will have to watch this- but already voted Early last Saturday- My Motto is "Vote Early and Vote Often"

[sd]

i.imgur.com/mLwqLk3.png

Working Saturday, so off today -drinking coffee, cinnamon bun and sausage breakfast, Markets down -intc disappoints and getting hit hard. Nas down-
I'm trailing a very tight stop-loss on SNAP as it had a big gap higher 2 days earlier, Gained yesterday-closing $39.00 and up higher today- $40.40
I put in a stop @ $39.00 intending to take some profits if it weakened, but it presently is running higher-
When I look at the fast Renko 30 min chart- price is climbing-stop @ $39.00-- and just for fun , decided to view a fast 5 min Elder impulse chart with PSAR
to indicate a tight trailing stop-loss. Instead of using the wider $39, I'll use the fast PSAR -Presently this 10:20 am $39.66
I'll also view this on a very fast 5 min renko w/psar - and perhaps select the slower of the 2 . Renko 5 min PSAR is $39.37- so I modified the stop-loss to that price. This is Fun to experiment this way-with a small position- When the stop gets hits- -if at the present price - it will yield a 46% gain.

To note- If I had applied this approach on 10-20 The stop would have been hit and activated @ $37.38, with price pulling back to $36.50 range. That same PSAR then suggested to reenter @ $37.50 10-22 and stayed active through today without stopping out.

This is not how I react with the majority of my positions-
Yesterday I had a limit order for ARKG on a pullback to $70 which filled- and because I am unsure of where it may go- but believe I want to own more- I have a lower limit to add more @ $60.00
Wife bought me a large 34" LG monitor- about $400.00 which can divide from 1 to 8 screens- plugged into my laptop- great to bring up the multiple charts, compare, and adjust my stops accordingly. Wahoo- guess I'm day trading LOL!I use 2 charts on the widescreen.
SNAP is still rocking higher, and the new PSAR stop is closing higher
10:30 $39.53.
11 am -$40.61
11:20 $40.95 ON THE 5 MIN eLDER W/psar
12:27 STOP $41.43 ENTERED USING RENKO 5 MINUTE

i.imgur.com/sqdnshb.png
using the 10 min Elder impulse- it would have been stopped out here in the 12:15 hour.
presently, the wider Renko position stop is still active.


i.imgur.com/yLE5Und.png

NOW @ 1 i.imgur.com/Tl78b8D.png
ILLUSTRATES HOW the faster signal would have been hit, and the required reentry-level.


2 PM- markets weakening, but Snap managing to go higher-
My stop-loss- if executed would yield a 54% gain on this trade-

As I view the Renko and PSAR , a few notes: By modifying the values of PSAR from 0.02,0.2 (typical) and change the 0.02 to 0.01; or 0.05 , it alters the time it takes for PSAR to close in on price.
Also, The same PSAR values on slower time frames will be further away from the price.
The Daily 0.02 Psar for SNAP is $32.13- with the present price $42.61- each Daily Renko box covers $1.85
The 1 hr Psar value is $36.70
The 30 min PSAR value is $38.90. A long position taken Sept 1 -$22.00 would still be in one's portfolio.
RENKO boxes only form once the box value is exceeded by the ATR -Average True Range- over the look back period one selects.
Also - I am using the CLOSE type- The High-Low chart more accurately includes any pullbacks that occur within the time frame.
Here @ 2:30 pm, SNAP appears to be trying to test the $43 level made earlier @ 11-12. Trailing psar stop is now $41.70- but I'll hold at the prior Psar $41.54 as we came through a sideways range - Let's see if Snap can get more momentum.
sPEC TRADE- 3 PM BOUGHT 50 cmps- $37.91

SNAP RENKO CHART 3:30 PM vOLUME PEAKED @ 12:30 - SO PRICE has not exceeded the Renko size range $0.35 above or below the top or bottom of the present box. question is - Do I Sell if I don't get stopped out? Perhaps 1/2 the position?
i.imgur.com/vBtQFpJ.png

sOLD 1/2 INTO THE CLOSE- NET + 60% GAIN
Chart -without PSAR - illustrates a trending market transitioning into a sideways market-
Note that the indicators both decline - so staying in the trade with a stop-loss below the range survives to be in for a resumption of the trend-
In this example, SNAP obliged by not being too choppy
i.imgur.com/hCecv8h.png