I will be there. Looking forward to it.

Hi @bclark413... we have this ORB discussion with examples and videos

My take: It broke VWAP on the 5 min, but the wicks shot below on the next candle so you didn't have any confirmation of a close above VWAP. Wait for confirmation of a candle opening an closing above VWAP for a sign of a reversal. I read that first chart from the massive drop in the first 5 minute that the ABCD you're seeing isn't there, it's upside down. So the marks where you bought would to me have signalled a potential to short, because it broke down hard at open, continued a downtrend, and pulled back to VWAP, but never confirmed a reversal.

I've had several setbacks in my journey to becoming a full time day trader. I sim traded for 4 months, finally gained some momentum, reached a level of sim trading that was consistently profitable, made some small gains in real trades to start building thicker skin trading real money... Then I lost my job. It wasn't because of trading, but it did result in me needing to empty my trading account. It's amazing how long it takes to establish something that can go away in an instant. I didn't blow up my account, but it felt the same. Two months of unemployment later and I was back in an office working a consulting contract for more money than before, but a lot less time. In the office by 8am. No time to trade or even watch the chat. No point maintaining a DAS or TI subscription. No point even studying or reading because I know myself enough to know I won't retain it if I don't get to practice. I didn't quit. To me quit means never going back. I prefer "when should I reevaluate my approach?" I think that is a question a day trader should already be asking themselves every day and every minute because that's the nature of trading. So I re-evaluated my approach. I knew my contract was 6 to 9 months. 6 to 9 months of no trading, so I adjusted my trading plan: 1. Find a job with enough flexibility to allow me time in the morning to trade; 2. Rebuild my trading account. 3. Re-develop my long term plan to reach full time trading. It took 6 months but I found the new job. I started 4 weeks ago and for the last week I've been able to join the chat through the open. Right before I started my new position a pipe burst and flooded our home, so now we're dealing with that, which will definitely delay my account funding again, but I'll deal with the setback. The upside of the flood is the owner of our home wants to sell it, and offered to sell it to us. Another setback financially, but long term a good thing. I didn't quit. I don't want to quit. Personally for me I've decided that day trading tics all the boxes of what I want to do to earn a living. I know 90% of traders fail, and I know many of the reasons why. I think self-reflection is THE key skill a trader needs, and unfortunately I don't think many people who approach day trading appreciate that. Self-reflection counteracts self-deception and reinforces self-reliance. To me, the time to quit is when you've been honest enough with yourself to accept that you either don't really want to be a day trader, or, more likely, you fell in love with the idea of day trading and found the work too daunting. Like any career, it isn't for everyone. But if it is for you, don't ask yourself when you should quit, ask instead "what do I need to change to succeed?"

See this post for a Hotkey that calculates # Shares based on max dollar risk:

See chapter 3 in 1st Andrew´s book or Chapter 7 in the new one (position sizing): Step 1: 1% of your account (max risk per trade) Step 2: Risk per share: (this depends on strategy) Step 3: Step 1 / Step 2 = Max number of shares you are allowed to tarde You can risk less per trade as you are a begginner...

A better example is taking 1,000 shares with a $25k account. Since your buying power is typically 4:1, you can take a position up to $100k using leverage. 1% of your account is $250. This means 0.25/share on 1,000 shares. The important part is to find a stop loss at a technical level, and figure out the per-share loss. This will determine the maximum share size you can take. Stop loss first, share size after. Using the same numbers above, a 0.50 stop loss would mean taking 500 shares. And so on and so forth. The 1% rule is a maximum. You can always risk less, but never more. When I traded 100 share lots, I pretended that my account was $2,500. All risk management and daily goal/loss calculations were based off $2,500 and not the full size.

I did´t take this trade but Andrew and Carlos did and they noted this hammer candlestick and they read it as buying pressure or bullish candle, so this was a signal for them to take it long.

@MichelleJ In this video Brian show how to scan for ORBu & ORBd... If you like, share your screenshoots for analysis of your ORBs...