About

Dark Stone Capital is a cash-swing desk, and this journal is how we write that work down. We trade our own money in US stocks. Cash-swing means we sit in cash until a stock is cheap, we buy it there, and we sell it when it gets expensive. Cheap and expensive are not vibes. They are prices the stock has already bounced from or stalled at before. We mark those areas on the chart ahead of time. Then we wait for the stock to come back to them.

We do not start with a single stock. We start with the Nasdaq. We use QQQ for that, because if the big growth market is falling apart, buying one name on our list is usually a bad idea. If QQQ is not back in a buy area we already marked, we stay in cash. If QQQ is in that area, then we may buy a stock that has also come back to a cheap area we already marked. We buy a little first. If the price holds, we may buy more. If the cheap area breaks, we are done with that idea. We do not buy a stock in the middle of a run because a story sounds good.

That is what this blog is about. You will get the week as we saw it. Which names we were watching. Which old prices we cared about. When we sat in cash, and why. Each post should leave you with one clear picture: what we were waiting for, and whether the tape ever came to us.

We write during the trading week when there is something to put on the page. Some posts are longer, because a stock came to a price we had marked and we show the work. Some posts are short, because nothing did, and cash was the whole story. Those quiet weeks still get written down. Members also get one letter every week that looks ahead: the names we are watching, the prices that matter, and what would keep us in cash.

The journal is free. The weekly letter is for people who want that look-ahead. Both are the same desk, written as the week actually ran.