Week of 11 Jan 2021 Recap.
I chose to jump back in SIM this week. My personal life got busy, I had to move and school starting next week. So far I have about 11 months in SIM and 3 Months total live experience. I hope everyone is doing well, it's neat to see more people doing journals on here, I'll try and do better about weekly recaps, when I post a live recap for BBT I'll also post it here as well.
Missed the first hour of trading today, had a Doctor appointment. Nasal/Allergy checkup only, nothing serious.
Again today I was very disciplined with the "No Strategy" problem. I watched all day long and only took one trade!
WFC Mountain Pass
I did not like the lack of enthusiasm (Volume) after the second bottom, so I took a partial at the 50SMA. then the lack of enthusiasm once it crossed the 50 was another sign that this didn't have the juice that most of these setups have. I exited before BE once it lost the 50 a second time.
Here is a trade I should have taken, but when I typed NKLA in chat, Aiman flipped to it and said "Nothing is happening here". I have to remember, this is my TradeBook setup, other traders have different setups and indicators they like.....this looked good to me and I should have taken it. Would have easily reached 2R on this trade. maybe more. Aiman doesn't care much about volume, he is a candle pattern genius though. I really liked the Volume spike at the bottom and the long lower wick. then when the next low happened, another long wick. Lesson learned.
Solid first week back to a LIVE account. I had one bad day of "No Strategy" but have put some tricks into place to help with that. For the week I was -0.43R. Excited to take my new discipline trading into next week. See you all Tuesday.
My name is Tyler. I'm 29 years old and live in Nebraska. I'm a police officer and have been doing that for 8 years. I've always had an interest in day trading. I started off researching day trading about 6 months ago and read a lot of articles and watched a lot of YouTube videos. It took me a while before I came across the BBT Community and read Andrew's book but after reading the book and looking into BBT I knew this was the type of community and program I was looking for. I'm currently still working my way through all of the education sections and hope to start with sim soon. I look forward to meeting and learning with you all!