Trading Psychology
Best practices for trading psychology
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You change "Ask+" to "Bid-" and "BUY" to "SELL" for the short version -
By lumirsliva · Posted
Hello, my name is Lumir, and I am a Cloud Storage Engineer from the heart of Europe, the good old Czech Republic. Trading has always fascinated me, but I just never got into it—until now, that is. Of course, I finished Andrew's book on day trading and am currently learning all the pieces and possible strategies while watching other people trade. This week, I have 40+ hours in the simulator, slowly building up my skills and testing things. It's been so much fun to learn something so awesome and possibly life-changing. What could help me is that I played poker for a living for a couple of years, so I can calculate risk and profit quite fast, it seems. Anyways, I look forward to working with this community. If you'd like to do a meetup in Prague, it's an amazing city. -
📉+$236 NVDA Failed VWAP Breakout but success on S4 reversal, GOOGL Failed VWAP Breakout but success 2nd attempt!🚀 Trade Date: 7/24/2024 I was looking for a quick VWAP Breakout on NVDA towards S1 but stopped out before we got there. Caught an S4 Reversal with decent volume on the Doji candle, went long at the break of the 1-Min 9EMA with a target of VWAP/Pre-market low, partialed at PM low and just short of S3. Partialed in more for another VWAP breakout and added again when we broke above VWAP for a 2nd time, partialed at S3 but decided to exit the rest at B/E after witnessing a hard selloff and loss of VWAP. Google had earnings and went for a VWAP breakout but got stopped out. Got bought back up and went long at VWAP, partialed at the moving averages and S3 and the rest towards S2. I should of got back in on the Doji buyups from the trend hold. NOT AN EASY DAY! #GOOGLE #GOOGL #NVDA #NVIDIA #VWAPBreakout #STOPPEDOUT -
📉+$414 NVDA Classic HOD/VWAP Breakout!🚀 Trade Date: 7/23/2024 NVDA had a strong bullish previous day (7/22) and I was looking for continuation and close the gapdown from a few days prior. Higher lows formed (quasi ascending triangle) and once we had a close above VWAP I went long at HOD break, heavy size. I partialed at PDC, R1, PDH, and just shy of R2. I managed about 3R on the trade and did not want to hold until R3, which failed anyway. #NVDA #NVDA #VWAPBreakout #HODBreakout #CamarillaPivots
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