AN | AutoNation Trading Journal with VantagePoint

VantagePoint Trading Software is a forecasting tool that uses a combination of end of day data and artificial intelligence to provide traders a forecast of market movement 1-3 days in advance with the goal of helping them improve their timing on making trades and maximizing their profit potential. The artificial intelligence software forecasts market movement for stocks, futures, Forex and ETF markets. This journal entry looks at the recent market movements of AutoNation NYSE: short term AN.

VantagePoint Trading Journal AN

AutoNation shares have been in a persistent downtrend since trading at $53 in February 2017. After running our Intelliscan, we were notified of a recent crossover of the VantagePoint predicted moving average. This acts as a signal that the software has forecasted a change in trend direction. In this instance, the crossover was to the upside signaling that we should look to get long the market. Before we do that, however, we want to look for confirmation. We use the neural index, a 48-hour indicator, for this. The neural index is in the “one” position, short-term strength and confirming the crossover direction.

image of AN stocks trading chart
VantagePoint signaled a new bullish crossover in AN. Couple that with the neural Index being in the “one” position and we have an opportunity to make some profits.

Now that we’ve identified a market that we want to add positions to, we want to find the best entry value. Luckily, VantagePoint provides predicted high and low levels for the next day’s trading. In this instance, we had a crossover on June 1 and on June 2, we see a predicted low value of $39.75. This is the area we will look to target for our entry on June 2nd.  We’ll place a limit order of 100 Shares at the $39.75 level.

image of AN stocks trading chart
VantagePoint identified a predicted low level of $39.75. We’ll use this level as our entry position.

We’ll add a stop loss at $38.00. We chose this level because it’s outside the range of recent market movement. This allows for normal market fluctuation to occur without putting us in danger of being stopped out unless the market takes a bearish turn. These levels generate a total risk of $175 on the ‘core’ 100 share position.

image of AN stocks trading chart
We want to make sure regular market fluctuation doesn’t stop us out too early. So we set our stop loss at $38.00

The goal is to ride this trend as long as the predicted moving average (blue line) remains above the actual moving average (black line). We’ also look for some short-term profit opportunities based on VantagePoint’s predicted lows and predicted high values.

Below is a summary of the recent market movement of AN as of June 2.

100 SHARES = $3,975

ENTRY Price on 6-2-17 = $39.75
Close price as of recent chart (6-6-17) = $40.02
Potential profit = $0.27 per share
Current Stop Loss = $38.00
This is $1.75 away from entry price and our current risk per share

UPDATE for AN: 6/6/2017

While there haven’t been any significant moves to adjust the long-term strategy of AN, we see the stock price dip to the predicted low on June 6. The trend is still up, and the neural index is back in the “one” position that signals short-term strength. So we decided to double down on the position with another 100 shares purchased at $39.50. We’ll leave all stops at $38.00 per share.

We can profit on those new positions almost immediately. The market moved up and hit the predicted high target of $40.18. This presented a day-trading opportunity to make $68 on the new positions we entered at the predicted low level. We do this to remove some of the risk from the overall position. We’ll keep an eye out for similar opportunities in the future.

image of AN stocks rading chart
We find a day-trading opportunity to make some profits as we bought 100 shares at the predicted low of $39.50 and sold them when the market hit the predicted high of $40.18.

Below is a summary of the recent market movement of AN as of June 6.

100 SHARES = $3,975

ENTRY Price on 6-2-17 = $39.75
Close price as of recent chart (6-6-17) = $40.02
Potential profit = $0.27 per share
Current Stop Loss = $38.00
This is $1.75 away from entry price and our current risk per share

Day Trading 100 Shares 6-6-17

ENTRY Price = $39.50
Sell Price = $40.18
Realized Profit = $0.68 per share ($68 total)

UPDATE for AN: 6/12/2017

After taking profit on first short term trade on 6/6, we see another opportunity for some short-term profit using the VantagePoint predicted lows. On 6-8-17, the market hit the VantagePoint predicted low value of $39.57. So we bought another series of 100 shares with the intent to sell at the predicted high. The predicted high was hit the next day and we exited those 100 positions at $40.52 for a profit of $95. We still have our original 100 shares with stops remaining at $38.00. The market is still trending higher so we want to keep our long position active.

After the market hit the predicted low on 6-8, we bought more shares with the intent to make some more short-term profits. We closed those positions the following day when the market hit the VantagePoint predicted high levels. This allowed us to bank another $0.95 in profits per share.

Below is a summary of the recent market movement of AN as of June 12.

100 SHARES = $3,975

ENTRY Price on 6-2-17 = $39.75
Close price as of recent chart (6-12-17) = $42.04
Potential profit = $2.29 per share
Current Stop Loss = $38.00
This is $1.75 away from entry price and our current risk per share

____________________

Day Trading 100 Shares 6-6-17

ENTRY Price = $39.50
Sell Price = $40.18
Realized Profit = $0.68 per share ($68 total)

____________________

Day Trading 100 shares 6-8-17

ENTRY Price = $39.57
Sell Price = $40.52
Realized Profit = $0.95 per share ($95 total)

UPDATE for AN: 6/15/2017

We still see an overall uptrend in AN that gives us plenty of short-term profit opportunities we can stack on top of our established long position. We’ve already made some short-term profit twice in this market and are still looking for ways to make more. We see another predicted low level hit on 6-13 at a price level of $41.41. Repeating our previous day trading strategy, we double our position again with an attached profit target at the 6-13 predicted high of $42.53.  We have to wait a little longer this time, but we still hit our target on 6-15. After selling our new 100 shares, we’ve made a nice $112 profit. That’s a total of $275 in short-term profits from our three day-trades.

We find another opportunity for short-term gains in AN. After doubling down at the predicted low on 6-13, we exited the trade 2 days later. After another $112 profit, we’ve now made $275 in short-term trading.

We’re still holding on to the original 100 positions as well. Due to the market swelling, we’ve decided to move the stop loss on those original positions up to the breakeven point of $39.75.

The consistent bullish momentum has pushed AN over $42. We’ve decided to move our stops to the break-even level of $39.75 to ensure we are protected from any sudden market movement.

Below is a summary of the recent market movement of AN as of June 15.

100 SHARES = $3,975

ENTRY Price on 6-2-17 = $39.75
Close price as of recent chart (6-15-17) = $42.76
Potential profit = $3.01 per share
Current Stop Loss = $39.75
This is $0.00 away from entry price and our current risk per share

_______________________

Day Trading 100 Shares 6-6-17
ENTRY Price = $39.50
Sell Price = $40.18
Realized Profit = $0.68 per share ($68 total)

Day Trading 6-8-17
ENTRY Price = $39.57
Sell Price = $40.52
Realized Profit = $0.95 per share ($95 total)

Below is a summary of the recent market movement of AN as of June 15.

100 SHARES = $3,975

ENTRY Price on 6-2-17 = $39.75
Close price as of recent chart (6-15-17) = $42.76
Potential profit = $3.01 per share
Current Stop Loss = $39.75
This is $0.00 away from entry price and our current risk per share

Day Trading 100 Shares 6-6-17
ENTRY Price = $39.50
Sell Price = $40.18
Realized Profit = $0.68 per share ($68 total)

Day Trading 6-8-17
ENTRY Price = $39.57
Sell Price = $40.52
Realized Profit = $0.95 per share ($95 total)

Day Trading 6-15-17
ENTRY Price = $41.41
Sell Price = $42.53
Realized Profit = $1.12 per share ($112 total)

UPDATE for AN: 6/16/2017

The market made a steep decline and lost nearly 6% of its value in just two trading days. This volatility triggered our stop loss on 6-16 at $39.75 and forcing us out of our core positions. We also have a crossover to the downside indicting that the uptrend is over. We ended up breaking even on our core positions, but can fall back on our day trading profits.

A sharp market decline triggered our stop loss at $39.75. While we broke even on our core positions, we did have $275 in profit from our day trading positions.

Below is a final summary of our recent positions in AN as of June 16.

100 SHARES = $3,975

ENTRY Price on 6-2-17 = $39.75
Exit Price on 6-19-17 = $39.75
Realized profit = $0.00
6-6-17 day trading profits = $68
6-8-17 day trading profits = $95
6-15-17 day trading profits = $112

Total Profits from AN = $68 + $95 + $112 = $275

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tylerr@tradermarketinggroup.com'

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