Free Trend Following Trade Ideas For September 2017 (Part 3):

Welcome to the weekend! And with it, comes another edition of our weekly breakout stock trade ideas.

This week I want to update you on some of my most recent new buys, plus share some ideas for the week ahead.

And at the end, I’ll show you my entire trend following portfolio of breakout stock ideas. Sound good?

Great, plus:

Sign up FREE to get notified of next week’s stock trade ideas!

Now let’s cut the chase…

Trading Recap for September 11-15th, 2017

Overall, it was a strong week in the market. While the Nasdaq was a little more relaxed, the Dow Jones Industrial Average (followed by the S&P-500) charged higher!

Here’s the updated weekly chart so you can see for yourself:

Free Trend Following Trade Ideas For September 2017 Part 3 DJIA

To be honest, it was actually a pretty busy week for me. Due to previous sales and new cash, I had some extra money to put to work.

And put it to work I did…

First up, I bought shares of Tableau Software (DATA). I first mentioned this one back in August, and have been eying it ever since.

Here’s the chart:

Free Trend Following Trade Ideas For September 2017 Part 3 DATA

It looks like DATA has confirmed a bottom, and could still have a little room to run before it hits some overhead resistance. But the new high was enough for me to pull the trigger.

Next…

I ended up buying back more shares of BZUN, after recently getting stopped out.

While I’m paying a higher price than where I sold, the fact is the stock hit a new high, and I’m willing to take another swing.

After all, even with the stop-loss the prior trade was still profitable!

So here’s how I’m trading it:

Free Trend Following Trade Ideas For September 2017 Part 3 BZUN

You might think my stop loss is too tight. But I’m playing for an immediate pop higher, and would ratehr get stopped out than hang around in that trading range.

However, since BZUN is so volatile, I did use a smaller position than I would. It’s also a bit more speculative than my average trade ideas.

But the speculation didn’t stop there!

That’s because I also started a small position in TSLA. While I usually like stocks to make 52-week highs, in this case I was willing to wager on the shorter-term high.

Free Trend Following Trade Ideas For September 2017 Part 3 TSLA

In case you’re curious:

About 90% of my trading is done in a rules-based mechanical way (more on that below!)

BUT, I leave about 10% of my portfolio to riff on my main system, test new ideas and get exposure to slightly more speculative ideas!

This week, the result of that was BZUN and TSLA. So let’s see how they work! out!

Okay, since you’re now up to speed with my recent buying, let’s look at some even fresher ideas for the third week of September.

Free Trend Following Trade Ideas For September 2017 (Part 3):

Given the strength in the market this week, it’s no surprise I have some trend following breakouts to share with you. So what stocks are on offer?

Well…

Starting with the obvious, shares of NVIDA are once again charging up. I’ve had some great trades in this stock, and am encouraged to watch it move higher after consolidating all summer…

Free Trend Following Trade Ideas For September 2017 Part 3 NVDA

Not bad, right? And we know from recent history that NVDA shares can trend! So let’s see if it happens again.

Another one that has my again is Texas Instruments (TXN). This one is finally starting to break out, after struggling to do so for months on end.

Free Trend Following Trade Ideas For September 2017 Part 3 TXN

I’m already long TXN from lower prices, but I’ll consider adding given this new closing weekly high.

Next…

Rockwell Automation (ROK) is in a similar situation. While I’ve been long since last year, the summer consolidation looks to have come to a close:Free Trend Following Trade Ideas For September 2017 Part 3 ROK

I know buying new breakouts like this can be tough, psychologically. But this trend could just be getting going again!

Related, I think Parker Hannifan (PH) could also keep rolling, just like ROK.Free Trend Following Trade Ideas For September 2017 Part 3 PH

If industrial and conglomerate names keep up the momentum, PH could be another stock that benefits from the top down strength.

Okay…

The next two ideas are a little more speculative. But I know some of you guys like these bottom/turn-around stock picks. So here it goes!

First up is FireEye Inc (FEYE). This cyber-security company was a former momentum darling that hit a vicious bear market.

After a couple of years, it’s finally starting to perk up. Take a look:

Free Trend Following Trade Ideas For September 2017 Part 3 FEYE

I’m not saying the bottom is in for sure, but the higher highs are convincing.

I’m also encouraged to see FEYE closing the week at the highs, know what I mean?

Along the same lines…

Check out the chart of GoPro (GPRO)!

Free Trend Following Trade Ideas For September 2017 Part 3 GPRO

Looks pretty similar to FEYE, doesn’t it? Once again, GPRO was once a popular and highly traded stock.

It’s now been out of favour for a while, although it looks like that could be changing. What do you think?

But wait.

There’s more!

You might also want to check out the solar ETF, TAN if you like this kind of ideas. I mentioned back in June that I picked up shares.

And after a few weeks of consolidation, this position looks like it could get moving again too!

Speaking of my positions…

See My Trend Following Portfolio of Breakout Stocks:

If you’re STILL hungry for new stock ideas, you’ll be happy to know I’ve put all my positions into a FinViz watch list so you can easily see the charts of all these holdings.

See my current trend following trading portfolio FREE!

Hopefully that gives you a better eye into my stock picking approach… AND, what the results can look like over time. It doesn’t include my Canadian stocks (FinViz doesn’t support it) but the vast majority of my portfolio is on there.

Of course…

If you want to go a step further and learn how I actually find and trade these kinds of stocks… well… just keep reading!

Learn How to Quickly Scan and Trade Breakout Stock Picks:

If you want to learn more about how I find these kind of stock picks, I encourage you to check out my Breakout Stock Blueprint! What’s that, you ask?

Well… it’s a 90-page+ PDF… packed with everything I know about finding, buying and trading breakout stock picks.

This Blueprint shares the EXACT step-by-step process I use to find and trade stock picks each week (just like the ones above). So…

If you want to see how to find high-potential-momentum stock picks, learn how to let your winners run and be confident about locking in profits, then this Blueprint is for you.

See the Breakout Stock Blueprint!

Can This Blueprint Improve Your Trading?

Learn how I find and trade breakout stock picks… in under an hour each day!

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