Finding low risk trade using anticipation

Finding low risk trade using anticipation

Tuesday, November 26, 2019

My overriding objective is to find as many trades as possible with less than 2.5% risk. INGN fits into that category.

This was a trade that made $4300 for two day hold. (it may go up more but I exited due to my planned trip to India)

INGN showed up in Bullish Anticipation Scan on 11/21/2019. But as it was going sideways for many days I decided to put a price alert instead of buying the same day.

As you can see a 70 dollar price range stock with TI above 1.19 and up only 5 cents is what attracted me to this setup. When these setups show up it is like finding free money.
Stock was up 5 cents and high was 71.01 so I put alert at 71.25 for next day. Alert triggered in first few minutes and there was a bit of shakeout . After the shakeout the alert again triggered. I bought 1000 shares between 71.50 to 71.75 for average price of 71.62 with low of day as stop.
Stock closed near high and stop moved to breakeven . Yesterday stock kept going up. Once it crossed 76 it was more than 4 times my risk so sold 80% and moved stop to 76 which was promptly hit.

Bullish Anticipation Scan

I run this scan between 3.30PM to 3.55PM and buy good candidates in the last 2 minutes before close or put price alerts in Interactive Brokers.

 
Primarily this scan I use to find trades with less than 2.5% risk.

If you want to make boatload of money swing trading master setups like these. There are over 1000 opportunities like these in a year.