Jump to content

Day Trading Basics

Discuss about day trading basics: price action, orders, candlesticks, indicators.

38 topics in this forum

    • 6 replies
    • 0 replies
    • 2 replies
    • 11 replies
    • 6 replies
    • 9 replies
    • 2 replies
  1. Live Trades

    • 4 replies
    • 3 replies
    • 2 replies
    • 1 reply
    • 2 replies
  2. Choppy CPE

    • 2 replies
    • 1 reply
    • 1 reply

    • IT'S ON!!! Got the gears for our picture on Friday! Thanks to @Ryan W Looking forward to see you all! Thanks! ----------------------------------------------------- Fin prêt pour vendredi! Merci à @Ryan W pour les chandails et casquettes. Au plaisir de finalement vous rencontrer! Karl
    • IT'S ON!!! Got the gears for our picture on Friday! Thanks to @Ryan W Looking forward to see you all! Thanks! Karl  
    • Your NVDA trade was amazing and your final exit was right on the mark.
    • 18.Jun.19 - DASTrader - BT I was watching Premarket and $BYND was ripping. At price $189 I thought price will definitely touch $200. And it did within 15min. But stick to my rules of not trading in the premarket. Did not chase $BYND at the open. Proud of that. I had $SNAP, $TIGR, $AMD, $MU and $FB on the watchlist. Trade 1: $TIGR Looked strong daily above 20ma. Took the conventional 1min ORB Long at the open. Price didn't move much. I got out and price dumped immediately. Good read. I can't flip my position quickly, so just let it go, price dumped 60c.    Trade 2,3&4: $SNAP. Daily looked strong. Opened very strong, I went long at the VWAP pullback, was so confident about this setup, I didn't set any Stoploss. 1min chopped a bit and I got out (before my stop, if there was one). Again twice got in and out due to 1min chop. Finally the price took off without me for a 70c move.    Trade 5: $NVDA. Took $NVDA as it bounced off all MAs and VWAP on 1min (Harmonious setup). Took it long. Took an early partial (may be due to 4 failed trades), then let it ride till 5RR (at HOD). It is also 10min ORB.    Trade 6: $NFLX. I liked $NFLX for long today (& yesterday). Took it long at break of HOD, got stopped out.  Trade 7,8,9&10:$MU. I called out $MU at the premarket. It formed a double bottom on Daily and was looking to go up. I missed the open. it was similar to $NVDA above. I waited for the pullback to MA, before taking Long for Trend trading. I took long, once again, didn't define my Stoploss, got out. Happened 3 times, before finally the price shot up on the 4th trade.  I put in a range order fpr 20% sharesize, price didn't go to my target, I got stopped out (my target was too high).    Good: No premarket trading, Respect my rules. Pround of my 2 Green trades on $NVDA and $MU, despite having a rough day today.  Improvement: Had very high FOMO at the open, probably impacted my trading a lot today. No stoploss - I have read about the exact same thing in Tradinginthezone. I was so confident about my trading and the setup being right, I just forgot to put a stoploss.  I could have traded the usual stocks $MU, $AMD, $FB and had good moves too. But I was looking for a lowpriced stock, hence took $SNAP and $TIGR. Conventional ORBs are not working.  Bit of Overtrading today, when things don't go well, this happens. But stopped at noon and didn't trade again. 
    • Have you set the thickness of the line to be 2+? At least that was my issue. it was there, it's just that I was not able to see it lol

Important Information

By using this site, you agree to our Terms of Use, Privacy Policy and use of We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..