Book of Charts - $HOUSE, $HLCM & $GSMI

Book of Charts is my compilation of screenshots of good setups that I may have spotted or traded so that I get to familiarized myself with these setups.

As mentioned on my Q2 review, here are three of my few winners over the last six months. Gains are not much, but I am here to dissect and review my trades and find rooms for improvement. I'll use questions from Mesino's dissection guide for this three trades.

$GSMI

1. Why was this included in my watchlist at that time?
• I was stalking this stock since before that first breakout at 33.00 which would be both a MYH and a 52WH breakout. But I both missed the initial breakout and a second breakout because it happened during the morning session which I don't trade because of my place's time difference with Philippines'. In short, I was still  asleep when the first two breakouts happened. I didn't bother chasing them. I waited for my EOD opportunity.
2. What were the convictions/probability stacks to bump it up my watchlist/priority list?
• Stock was in AOTS in daily and weekly chart.
• First two breakouts were strong enough to sustain the price up until EOD.
3. Reasons for buying? Where could my stops have been placed?
• RFB: Breakout of DB and new 52WH. Bounce from 20MA.
• SL: close below breakout point.
4. Reasons for holding? Any signs of strength or weakness? Price action? Where could my stops have been adjusted?
• RFH: Good continuation of the breakout.
• Signs of strength: Pierced another MYH resistance at 49.00. RSI stayed above 70.
• Trail stops: close below new DBs or 20MA
5. Reason for selling?
• RFS: DB breakdown with more than -5% loss in one day.
6. What works and what doesn't?
• Didn't stop stalking the stock even if I already missed two breakouts and was already 'late for the party'.
• To compensate my late entry, I reduced my intended position size to reduced risk.
• Buying up on strength allowed me to complete my intended position size of 25% port allocation.
• My exit was bad. Shaving a third of my gain. This can be improved. I could've done a better exit. I could've sold half my position during early intraday when it broke down past 60.00 and sold the other half near EOD at 58.00.

GSMI - Daily

$HLCM

1. Why was this included in my watchlist at that time?
• This stock made a significant rally after a successful ZS. I don't trade reversals for now so I stalked the stock during its consolidation.
2. What were the convictions/probability stacks to bump it up my watchlist/priority list?
• Stock was in AOTS in daily and about to form ZS on weekly chart.
• ZS breakout were strong enough to push the price 50% up.
3. Reasons for buying? Where could my stops have been placed?
• RFB: Breakout of DB and new 52WH. Trailing at 20MA.
• SL: close below breakout point.
4. Reasons for holding? Any signs of strength or weakness? Price action? Where could my stops have been adjusted?
• RFH: Created a new DB and previous DB top held as support.
• Signs of strength: RSI stayed above 70.
• Trail stops: close below new DBs or 20MA
5. Reason for selling?
• RFS: Sold half. Candle stop and whole number breakdown (15.00) after the gap up candle.
• RFS: Sold all. Closed below 20MA.
6. What works and what doesn't?
• I didn't managed to maximized the gains because of improper position sizing.
• Buying up on strength allowed me to add to my intended position but didn't reached 25% intended position size.
• On hindsight, I could've sold half at the first red candle after the gap and sold at the second red candle when RSI 70 didn't hold.

HLCM - Daily

$HOUSE

1. Why was this included in my watchlist at that time?
• OLD PORT - This stock was in consolidation and is right at its MYH resistance at 8.50 - 8.90.
• NEW PORT - After breaking MYH resistance, ATH resisted and the stock consolidated. Looking to enter at break of ATH
2. What were the convictions/probability stacks to bump it up my watchlist/priority list?
• Stock was in AOTS in daily and weekly chart.
• ATH play.
3. Reasons for buying? Where could my stops have been placed?
• RFB: Breakout of DB and MYH/ATH resistance.
• SL: close below breakout point.
4. Reasons for holding? Any signs of strength or weakness? Price action? Where could my stops have been adjusted?
• RFH: Created a new DBs and previous DB top held as support. Trailing on 20MA.
• Signs of weakness: Bearish divergence on RSI
• Trail stops: close below new DBs or 20MA
5. Reason for selling?
• RFS: Sold half at closed below 20MA.
• RFS: Sold all at closed below DB bottom.
6. What works and what doesn't?
• Patiently waiting for that ATH breakout is super worth it.
• Buying up on strength allowed me to complete my intended position size of 25% port allocation and later on scaled up to almost 50% of port allocation.
• I can consider my exit better than the first two stocks above. Didn't sell all my position at close below 20MA as DB is still valid. Waited for a close below DB bottom before closing my position.