Stock Market Trade Ideas
Stock Market Trade Ideas
January 21, 2021
I launched the Klarenbach Research Telegram Group in April 2020 as a messaging platform where members can ask Technical Analysis related stock market and cryptocurrency questions.
Telegram is a cloud-based mobile and desktop messaging app with a focus on security and speed.
Each day I post market commentary and trade ideas following my strategies.
Each trade idea includes a chart(s) illustrating my Technical Analysis of the asset and my trading plan with my entry and stops.
These Swing Trade Ideas are an ideal timeframe for those with a busy work schedule or those who want more out of life than staring at a chart.
Please share this newsletter with a friend who might be interested in joining this community.
Risk Management is the most important component of my trading plan.
Before entering a trade, the trader should identify where they are exiting if they are wrong about the price action. This explains my emphasis on stops.
I also alert the Telegram Group of any changes to my Trade Plan, including raising my stops and anticipation of exits.
Each trade result is documented and is fully transparent.
I track the results of each Trade Idea and the Open Trades on the Klarenbach Performance website.
A copy of the results is presented below.
To date, we have posted 281 Trade Ideas with a 59% win rate.
Each trade has averaged a 6.21% gain on a 19-day hold.
That is extrapolated out to a 9.8% gain per month.
I also calculate the R-Multiple for each of my trades.
Each of my trades has a pre-defined R-value, which is the amount that I am willing to risk on the trade.
The amount that I am willing to risk is calculated as a percentage of my trading capital. I will risk between 0.5 and 2.0% of my trading capital per trade. I typically risk 1%. This means that if my account size is $100,000, then I am prepared to lose $1000 on that trade and size my position accordingly.
To date, my R-expectancy is 0.6R. This is considered good, and I expect to improve this ratio over time.
I use Van Tharp’s System Quality Number (SQN) formula to score my trading system.
Currently, my SQN is 2.59. This is considered GOOD.
This year’s goal is to increase my SQN greater than 3.01, which would then be considered EXCELLENT.
These Trade Ideas are also outperforming the broad market indices by a considerable margin.
Members of the Telegram Group realize value as they are introduced to an effective method of trading and the opportunity to engage with questions.
I hope that you consider joining our community.
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I am actively posting charts and ideas on social media.
You can find me here:
Klarenbach Research: klarenbach.ca
Twitter: @trentklarenbach
StockTwits: trentklarenbach
Telegram Channel: Klarenbach Research
Tradingview: trent.klarenbach
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