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  1. Today
  2. jamreb@gmail.com

    SF Bay Area meetup?

    Welcome alexander.razmadze and Destiny! Yeah, there was an official meetup last year. Maybe it's time for another one though... If it's not time for a full on official meetup, maybe we can do a mini meetup. I work in Concord, and am available late Friday morning / early afternoon, or just about any time on the weekend except late Sunday afternoon/evening. Maybe we can find a place that's central to all of us...
  3. sarapeta1

    Mark D. Day Trading Journal - Live 2019

    Mark, Below are my additional rules to trading the ORBs. 1. Do not trade against the trend/gap 2. Do not trade doji ORBs 3. No trades after huge 5min candles 4. Best trades are after price pulls back before breaking the OR 5. No trades in front of big levels (daily, MAs, VVAP etc) 6. No trades on slow movers 7. No trades in the directions of big wicks 8. No trades on choppy stocks 9. Be very selective. Remember it is okay not to take any trades. I used to take trades whenever there was any break of the ORB and had some big winners but also a lot of losers. So I was close to break even. Now with these rules everything has improved. I take way less trades and most of them are winners. I miss a lot of big moves but I am okay with that because I know that a lot of those "big moves setups" would end up being fake outs and at the end I would end up break even. What also changed is that I used to trade anything market threw at me and now I feel like I am in control of what I want to trade and that is very empowering. Hope that helps. Please continue posting it is a great source of knowledge. Thanks Simon
  4. It’s great to see you have the discipline NOT to trade (force a trade). That is my biggest struggle.
  5. February 21, 2019 - Nothing today I had $CAR, $CGC, and $MU on watch; however, nothing met my criteria. $MU had a nice Bearish engulfing crack and $CAR had a great double bottom. Sample Set Results P G S G S 6 7 8 S S 11 12 13 14 15 16 17 18 19 20
  6. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Thursday February 21st, 2019 Sleep: 7.5 hours. Mood: good, ready to trade. first trade was a 2min ORBD on VIPS. got a good entry but I sold on fear half at a marked level. My initial plan was to get to the even $6.00. it stalled around $6.05 then i went to get out, accidently added more (another hotkey error) and then got out of everything. it did end up hitting my profit target. GOOD: setup was good RFI: fear selling and hotkey error MOOD: good CONSISTENT: no not really. Next trade was a double bottom reversal in VIPS. i was waiting for an entry at 9:58 but then it sold off all the way back to the $6 level so i looked away at CAR and when i checked back it jumped on me. I did chase the entry but the R/R was still favorable so i hopped in and added more to make 100 shares even, i was confident in the trade. i set a stop range for $5.99 - 6.38 and walked away because i've been cutting my winners short. it ended up hitting my profit target. GOOD: setup RFI: chased the entry MOOD: good CONSISTENT: yes Last trade of the day was a double top (kind of) in CGC. it bounced off the VWAP twice and i was having a good trading day and was one decent win away from hitting my daily goal so i got in short risking the VWAP to the LOTD. i was overconfident with this trade and as soon as i got in, i noticed it wasn't trending on the 5min or the 15min and actually looked like a flag on the 5min so i bailed at a 0.5R loss. GOOD: got out when i saw the trade wasn't trending on the 5min or the 15min chart RFI: should have not taken this trade. MOOD: glad i was able to recognize my mistake and bail. CONSISTENT: yes What i did good today: took good trades, was in control or my emotions and traded with a level head What i did bad today: hotkey errors again! and overconfidence and forcing the CGC trade What can i do better tomorrow: don't take trades to get to your profit target. Other comments for tomorrow: trade like today.
  7. 2/21/2019 Watchlist: Result: $NKE - Went long on $NKE after consolidation looking for high of day. Price action fell off a cliff. Sold for a loss. Tried again with another long and got out after the price action felt like it stalled again. Got back in for a short thinking we'd get a fade, but I was too early. $CAR - Went short after the first 10 minutes looking for a fade. Price action was strong, but the opening sell off I thought it would continue down. Went short at the 9MA 1-minute, got stopped out thinking I'd get squeezed higher. Price action sold off a bit before bouncing. $CAR - Got back in later for another short after getting a close below the 9MA 5-minute(but above VWAP). Got a late fill, but missed the drop on the 1-minute candle for a possible cover point. Covered for break-even. Price action squeezed from there. $CGC - Went short on $CGC after getting a close below VWAP/9MA 5-minute. Price action pushed down but didn't hold. Covered at break even.
  8. Thursday 2/21/2019 Well being score of 5/10. Though I felt a bit more nervous trading than usual this morning. My one allowable trade was with AMD. The setup/power: It was a "step" 2min ORB setup. Not a good 2nd 1min candle but it had really good "power" by my setups. It did a curtsy at the 24.13 level and strong volume on the 2min candle. I took the trade as it broke the 24.13 level. The price did reach my first target at 24.19 (1R, high of the day and at Bollinger-band) but the price had a quick down spike, the instant I sold, so got a poor partial price. I thought I missed the exit at B/E due to a hot key mistake. Then I looked at my video (3 times) and my final exit was not a hot key mistake. I clearly clicked "sell all" right at B/E but it did not register with the SW/Broker. I noticed it quickly and sold again 2 cents lower. Makes me a bit nervous the sell button, though it moved and I heard it click (in the video) it did not register. Does this happen often? That's a first for me. I a have CMEG as my broker. I'm a little frazzled by this. What I did good today: I kept to my 1min 45sec no trade rule. Took my first partial at the correct spot. Exited the trade correctly. Took correct share size. Kept to my 1 trade/day max rule. Recovered quickly after the sell did not go through the first time. How did I challenge myself today? I turned off my P/L window again for the third day. Also, I kept to my 1 trade/day rule. Successfully kept to my 1min 45sec no trade rule. What I did bad today: Traded AMD again!!! What can I do better tomorrow: Calm my nerves. Look at the scanners more when the watch-list is weak. Thanks for reading, hope everyone has a good day.
  9. 2/20/2019 Can't find balance or consistency in anything. Didn't get a shot of my P/L, but my entries are there. Watchlist: CVS - Was looking for a short opportunity and got caught in a squeeze on my entry. My luck. Price action pushed down afterwards. $CVS - Went back for another short and same outcome. Squeezed up. $ROKU - Got a nice move after a close below the 9MA 5-minute. Sold everything at the previous day close. Price action consolidated and sold off more afterwards. $KNDI - Went long for a move up and price action seemed to stall. Sold for a small gain.
  10. Ray Dalio describes how having principles help him avoid mistakes as well as balancing work and life. He manages Bridgewater, a $150 Billion dollar fund. The TDLR would be to watch Ray's summary videos. Here is the playlist (about 30 mins in total):
  11. UPDATE: Gold traders showed some large activities on their long and shorts over the last weeks of January based on most recent COT data. The chart shows it in a more clear way how the Large Speculators tried to take some profit from their longs while adding significant shorts Over the first few weeks of 2019, these traders took profit on 23K of their longs while adding 26K shorts. But as you can see, their shorts ended up in loss when the price jumped even higher on the week of Jan 29th when they again added 26K more longs. Interestingly enough, they didn't close those 26K shorts as of Jan 29th. It would be interesting to see if the recent jump was caused by closing all those shorts or they actually added more longs again! For the time being, I still have my longs open since last Oct as I mentioned in this post (https://forums.bearbulltraders.com/topic/752-fx-weekly-technical-analysis-and-trade-setups-based-on-october-09-2018-cot-reports/). I know that a downturn/ or some partial bearishness is coming. But I need to see some signs of serious bearishness on COT data (which is still delayed by three weeks due to government shutdown) before changing my mind on the Gold bullish action. Zack
  12. DAS actually does have something similar. Right click on chart>Configure>click 'Display trendline information' (Bottom right) then I use a trendline tool and it marks the price change, percent change and number of bars. Not quite the same as TOS but its working for me.
  13. Watson

    Swing Trading Ideas

    SHMP showing heavy resistance around .48.. exited the trade for now.
  14. Watson

    Swing Trading Ideas

    I completely agree with you on that one Brian, I ended up trading SHMP more intraday instead of a buy and hold. Got in around .42 once it broke out and held VWAP this morning and cashed out around .46 when it failed to break .48 several times. Oddly enough ABIO would've been a great penny stock to short today once it lost steam but I didn't catch it looking at SHMP.
  15. Yesterday
  16. Brian Pez

    Swing Trading Ideas

    Personally, I do not like to trade any OTC stocks. They seem more likely to have price manipulation. If you do play in that market and happen to get a double, take half off to get your money out - at least if it falls back, you still have some profits to show.
  17. Ross K

    TradingSim

    The tradingsim guys got back to me and sent a beta version of the next release. I can confirm they fixed the VWAP in the pre-market bug. The new version has a somewhat different look and feel to the charting functionality. Nevertheless it works pretty much just as it did before. There were also a couple of other minor annoyances I had that also seem to be fixed.
  18. February 20, 2019 - $BHC (Stopped Out) & $BHC (Stooped Out) Very interesting learning day today. The stock met my trade plan and entry criteria 3 times. I took the the trade the first 2 times and got stopped out both times. I packed it in for the day and the third entry and move in my direction right to the profit target happened even before I took take a screen shot. Although it moved in my direction, I had to remind myself that I traded well, executed my risk management well, and up until I saw the move on the chart, I controlled my emotions well. Additionally, I had to remember that this time it moved in my direction; however, it was just as plausible that the stock would have broken all the moving averages and gone to the long side for the same big movement resulting in my account being blown up. No matter how painful the past 2 weeks has been, facing these back to back to back losing trades is exactly why I wanted to do this sample set. I pretty sure I heard somebody say Day Trading is not easy, I am finding out that might just be an understatement. See ya tomorrow. Sample Set Results P G S G S 6 7 8 S S 11 12 13 14 15 16 17 18 19 20
  19. Feb 20th (Sim) P&L After Commissions: ~25 Trades: 18 Sloppy day today. I took too many trades and jumped into things too quickly. Patience still needs work. 42% win rate and a green day overall, but I am not happy with how I traded. I went 8 for 18 with the majority of the losses coming from trading DVN. I went a little crazy and revenge traded it after it got me for a big loss. Its night and day how I traded DVN vs everything else. $CVS - Broke under the 200 and I went short on the retest of the 200. I probably should have sold more when it dropped down, I held about 40% that I sold near break even. $DVN - This one faked me out and I made a lot of mistakes afterwards with this stock. I thought it was a VWAP break long. My biggest mistake was taking too large of a share size. This stock moved more quickly than I expected it to. I took some profits when it hit $32ish, but I went very small with the profit taking. I need to reevaluate my R/R and profit taking. It dropped on me and I made the mistake of letting it drop on me for multiple minutes before I got out. I should have gotten out at B/E then it made another big drop so I waited to see what it would do there and I'm lucky to get out before it made the 3rd big drop. In about 3 minutes it moved from $32 to touching $31.10. Not a move I felt comfortable with. I do realize that when something makes a huge move against me, if I don't stop out quickly enough, then I hold too long. I can stop out usually just fine when something is a reasonable move that hits my stop. Its when the stock really goes against me that I won't accept the bigger loss right away and I will take the wait and see approach, that is something that needs to be fixed. From there I went short and long and got chopped up 4 more times. Taking $111 loss on the stock on 5 trades. I knew when I was in it that I was revenge trading it, but I just didn't stop. $CVS - Went back long on CVS after it bounced off VWAP and broke above the 50sma. That was my cue to enter and I took it with no hesitations. It looked strong in addition to giving me the right setup. I did try to add on to my position in a pullback, but it didn't really work out and I exited shortly after. I went with 1/3 of my normal size on the pullback. No regrets with the move. $GRMN - This was a very sloppy trade. Everyday I keep a spot open in my notebook for reversals, I had GRMN on there so I guess I was looking for a reversal. I felt it was coming and took a small share size at $82. I added when it broke the 50 even though all the indicators were not there. I wanted the moving averages to cross as well, that is the setup I am looking for. I took it anyway. I was bad here because it clearly went against me and I should have stopped out, but I held. I think it was because it was sim and it wasn't real money and partially because it was not a full size. It started to come back down and I shorted again. Finally giving myself a full size. Sold all at break even. For the second trade I immediately went back in, hoping to catch the reversal. It was premature. I took a full size right away. I knew it wasn't ready, but I didn't want to miss the move. FOMO kicked in. I got in at $82.10, I held through a small pullback and when it broke down the second time, that is when I knew it was the right time and thats when I should have entered. I took a symbolic 1 share to signify that I would have and should have entered here. It was the same price at $82.10 but the setup was what I was looking for in addition to the weak price action. It broke down immediately with no problems. I covered along the way, I saved the majority of my shares for VWAP which was my final target but had to stop out when it was looking stronger. I tried multiple times on GRMN to catch a reversal, but it was the final time where it was just so obvious to me. That is where I should be entering this stock and in all my trades I need to just take what is obvious. Don't reach for anything. If you miss it, you miss it. Often times my best trades are the most obvious ones. I need to have the patience to wait for those. $LUV - This trade was similiar to GRMN for the reason being that the second time I entered, it was just so obvious that this was the trade to take. The first time, I wasn't confident, but I figured it could reverse to VWAP and I didn't want to miss it. It was also on my reversal list. It dropped down right away and I did a terrible job stopping out and took a partial stop out. Very bad first trade. The second trade was the obvious reversal that I was waiting for. I saw it and had no hesitation that this was the right move to take. Went in and sold on the way to VWAP. $AAPL - Again went for the reversal 50SMA break on AAPL. AAPL wasn't on my original watchlist, I replaced DVN with APPL. I decided on AAPL because it was fairly strong in the morning and I thought it would be a good reversal candidate. I was watching solely for the reversal. I took it when it broke the 50SMA instead of waiting for it to retest because it looked extra weak and it was. I didn't take any profits because the goal was VWAP. It cameback to the 50 and bounced off of it. I then decided to take profits since it wasn't going to be as easy of a move as I wanted it to. Tested the 50SMA one more time and I decided that it was time to get rid of the shares and I sold on the way down and when it came back up to the 50 for the 4th time which it broke. Could have been a little more aggressive with the profit taking, but I'm trying to find the balance between quick profit taking and longer term holding. A couple of key takeaways for me today. I need to keep working on my patience. A stock may be looking like its going to make a certain move and maybe it eventually will, but I need to wait for the right entry and the right confirmation. When everything is right, I will see it and it will be obvious. I should only be taking trades when I have the feeling that a certain move is obvious. That means I see it and so does everyone else. A few times today, I entered too early, because I wanted to maximize the entry, when it increased the risk more than I wanted. Second major takeaway, I have to know when I am breaking my rules and stop it. I knew I was revenge trading today. I knew it, I told myself to stop trading. I even deleted DVN off my watchlist. I did end up typing it back into the montage and trading it one more time for my 5th loss. My emotions are hard to control at times, so its best to do everything I can to help mitigate them. I need to walk away when I am revenge trading or if i I lose control emotionally in any way. One other thing that I did not do well today, was I was in 4 trades at the same time at the end of the day. I entered them at different times and I held them for a while, but I shouldn't be in 4 trades at the same time. That is just way to much. It all worked out and I was profitable on all of them, but it isn't the trading style that I want to create. And one more, I went long 7 of 18 trades today. This is much higher than I have been doing before. I attribute this to trading the watchlist and taking what the market is giving vs constantly clicking around and trying to look for and force trades.
  20. I'm planning on it as well!
  21. Destiny

    SF Bay Area meetup?

    Hi! Im new to day trading and live in the Bay Area. Would love to be a part of a meet up if you guys are planning anything this spring!
  22. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Wednesday February 20th, 2019 Sleep: 7 hours. Mood: busy didn't get in to the market until 9:45 but i didn't rush in, i marked levels and read my rules. first trade was a MA trend trade in LUV. the trade was going really well until it got close to the LOTD. then it made a doji on the 5min chart and then a hammer at 10:15 and it looked like it was going to round and go the other way so i got out on a new 5min high or at least i thought i did, i hit the wrong hot key and doubled my position then panicked and got out higher, turned a pretty decent trade in to a breakeven. GOOD: setup, good R/R RFI: not taking partials, hot key error MOOD: mad at myself for screwing up a prefectly good trade. CONSISTENT: no. After that screw up of a prefectly good day i just kept chasing the stock emotionally both directions until i hit max loss. they're not even worth journaling because they're not setups, i was just going with whichever side looked good in the moment. Just really bad trading. i've decided to add back in my DAS autostop for the day on my SIM. i took it out so i could practice trades without auto stops which sounds good in theory but what i end up doing is not taking the sim seriously enough and i'm reinforcing bad habits by just taking any trade on a whim. Could have been a good day but ended up max loss. get my head back in the game for tomorrow. What i did good today: Didn't rush in to trading when i was late. My first trade was a good setup. What i did bad today: Let a hotkey mistake screw up my whole day of trading and i took a ton of emotional trades to try and make back what i "lost" What can i do better tomorrow: Always be dilligent of your hotkeys. don't let one mistake ruin the rest of your trading day. Other comments for tomorrow: focus on executing good setups.
  23. nonoruns

    Introduce Yourself!

    Hi everyone! I used to be a very active manager of my family's retirement and savings. Got distracted from that for about 15 years (kids!), but now that they are older and my life has settled down again, I have restarted my active trading. I am a youtube junkie and an avid reader, so Brian's Swing Trading book and bearbulltraders videos caught my attention....and now here I am. So long term goal is to transition out of my current career which is a Web Developer, a.ka. the Marketing Janitor. (Small town, tiny marketing teams in my accounts means I am the clean up gal instead of the go-to gal). Looking to learn a lot more being here to hone my individual style.
  24. Wednesday 2/20/2019 So my Garmin would not update this morning, so I was unsure of my well being score. Funny that Garmin also made the watch list this morning. So as a precaution I traded half size. An hour after I was finished trading my Garmin updated and I actually had a well being score of 3.5/10 and should have been on simulator today. Do’h! My one allowable trade was with FCX. The setup was a very bullish 2min candle forming powered by both volume and new high. But neither power was strong enough to take the trade by itself. I was a little nervous that the risk reward ratio was too large (6 to 1) and the trade was almost vetoed. I usually do not do well with R/R above 5. With more data I may reduce the veto limit. I was trying not to take any trades before 9:31:45, since I want to stop taking 1min ORB. I was watching the clock on this one and took the trade long when it made a new high a few seconds before 9:31:45. But, I was conscious of it and did respect new rule some. But no, I did not follow the new rule to the letter. I didn’t have any levels except the final target, so I took my first partial at 1R, which was also at the Bolinger band (4 sig). Then exited at B/E. What I did good today: Took my first partial at the correct spot. Exited trade correctly. Took correct share size. Kept to my 1 trade/day max rule. Also I traded something besides AMD/MU/AAPL. Traded OK, even with a low well being score. How did I challenge myself today? I turned off my P/L window again for the second day. Also, I kept to my 1 trade/day rule. Tried a 1min 45sec no trade rule. What I did bad today: Failed to keep the 1min 45sec no trade rule. What can I do better tomorrow: Will enforce a trade start time tomorrow of 9:31:45 as a rule. Thanks for reading. Trade safe. Rob
  25. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Hi Simon, thank you for the encouragement, you're right it's a lot of mistakes and slow progress that just gets frustrating some days. i'm not quitting any time soon! I would love some help with my ORBs. I feel like i'm always taking the wrong ones and missing the great ones. any help would be appreciated. thanks again, Mark
  26. February 15, 2019 - Traded in Simulator February 19, 2019 - $JD did not meet a 15 min ORB, but it had a great setup for a 5 min ORB. Sample Set Results P G S G S 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  27. Feb 19th (Sim) P&L After Commissions: ~ $65 Trades: 14 Overtraded quite a bit today, but overall I am much happier with how I've been trading. Its one of the earliest lessons, but watching the stocks in play have been a game changer for me. The strategies are working more often now and my win% has increased. I went 6 for 14 (42%) but was significantly green. I kept my losses small. I made quite a few mistakes, but overall quite happy with the day. I want to keep building off of what I am doing here. $WMT - Went short on WMT after it broke under the 200SMA on the 1min. This was a bad trade. I put a limit in at the 200 hoping it would just bounce off of it and continue downward. It didn't do that and I exited for a loss. I'm fortunate to have loss only $18 at one point it was a $42 loss. I would have stopped it if broke above the PDC. It then did break above the PDC and looked like a long to me. I was saw the pullback and decided to enter there. It popped and I sold most of my shares. Got rid of the rest when it was coming down. $CGC - Got messed up on CGC. Luckily today was one of the days where CGC wasn't moving super fast. I went long on the break of the 200sma and it seemed to hold that level. I exited when it broke under VWAP. I then swapped my position because I thought it was a short. I didn't like the price action so I exited for a small loss. I could have waited for a better exit, but I was ok getting out of the trade that I wasn't comfortable with for the loss. $MU Took MU short when the price action looked weak and it broke the 200SMA and VWAP. I meant to sell partial shares on the first exit, but I made a hotkey error and sold all plus bought some. Immediately got out of the shares I bought. Looked for a reentry but couldn't find one. $ROKU - Went a little early on the reversal for ROKU, not really a great setup or a great entry. It was risky and wasn't the perfect setup that I was looking for. I gambled on the first entry. I decided to exit when it broke down immediately. The second trade is what I consider a perfect entry for the reversal. Breaking the 50SMA and retesting and holding. I'm very happy with that entry. My issue was the trade is that I took too many shares. I wasn't 100% sure if I was just confident or if I took more shares because it was sim. I decided to exit partially at B/E to get to a more realistic share size. That was the first cover. I wouldn't have covered if I had the right share size. Covered the rest on the way down to VWAP and got all out when it couldn't get to VWAP for the 3rd time. $XPO - Seems to be the pattern of the day. I take a bad first trade on a stock and take a small loss. Then I take the real trade correctly. I took this one when it pushed off VWAP and broke above the 50SMA. I could have waited for a slightly better entry, but when it comes to just a few pennies, I decided to market order where I did. At this point the market was moving super slow and volume really dried up on this stock. Took partials and finally decided to exit fully just to be out of this slow moving trade. Overall not the worst day not the best. Made a few hotkey errors and overtraded slightly. Again, I'm doing better with win% and how I feel just by watching the stocks in play.
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