The Wagner Daily – 3 Stocks Short Positions

The Wagner Daily – January 28, 2022

Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).

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MTG Market Timing Model –  SELL

Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&P 500 or Nasdaq Composite.

today’s watchlist (potential trade entries):

open positions:

closed positions:

position notes:

• No trades triggered.

Commentary:

The video below replaces the written commentary portion of today’s report.  If the video does not appear or does not play then copy and paste the following link to view directly on youtube.com:

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

• $PLAN – short at 43.35, stop 45.80
• $DLTR – short at 127.59, stop 131.00
• $AAPL – short a break of the 5-minute or 15-minute low (if there is a gap up near the 20-day EMA) more for those who can daytrade

See you in the chat room,

Rick

For those new to this report, our share size is pretty conservative with max. size around 10% of equity per trade. We do this because we prefer to trade 10-12 names to keep the report active.  However, if your goal is to maximize returns, taking 18-25% positions is the way to go.   If trading in a non-margin account, this will limit the portfolio to 4-5 positions.  If on margin, then 8-10 positions. Our risk per trade on average is just over 1/2 of 1%. Experienced traders may want to risk 1% to 2% per trade.   For example, a 20% position in a 100k account with a 6% stop loss would result in a $1,200 loss (1.2%). 

This list is a good starting point for monitoring the health of the market for those who have limited time.

https://morpheustrading.com/services/swing-trade-alerts

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