The Wagner Daily – March 12, 2021
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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market timing model: BUY ( conditions improving for growth stocks)
Our timing model was designed to keep 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):
Press here to view today’s watchlist
Press here to view open positions
closed positions:
(no closed positions)
position notes:
- Bought $MARA from yesterday’s watchlist
The video below replaces the written commentary portion of today’s report.
If the video does not appear or does not play then press HERE to watch directly in YouTube:
Unofficial setups (for experienced traders only):
- $RKT – buy at 27.85
- $FSR – buy at 25.47
- $BTBT – buy at 19.01
- $AI – buy at 88.60 for pop to 20ema
See you in live trading room!
Rick
For those new the 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 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%).
Click on link below to view this week’s watchlist in google sheets.
This list is a good starting point for monitoring the health of the market for those who have limited time.
Press here to view this week’s Watchlist
DISCLAIMER: Past results are not necessarily indicative of future results. There is a high degree of risk for substantial losses in trading securities. All data and material on this
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