Leaderboard

October 19 trade on EBAY. I did a quick trade within the first five minutes on Ebay. That one trade made my daily goal, so if I was live I would have been done for the day and transferred to Sim. But since I am already in a simulator, I made the mental note that from this point forward all the trades would only be conducted in simulator and would not count towards any of my statistics. I did not make a video today as I cannot fit the recap in the 2 minute time limit, so I am just going to type it today. By the end of the day I had 4 trades, 2 positive, 2 negative because I let 1 of those go past my breakeven. Trade 1 - Strategy - I was short biased as Ebay had a bad earnings report and it was having trouble popping above VWAP in the pre-market. I had a plan that if the stock sold off in the first minute that I would go short to 29.00 with a stop loss at VWAP if the the risk reward ratio was at least a 2:1. I entered and covered at 28.89 after a quick drop and then got out as the stock began to pull back towards my original profit target. Trade 2 - Strategy - 5 Minute ORBD. I set my profit target at 28.61 with a stop loss at VWAP. This trade I did not execute my profit taking plan well, as I let the stock go past my breakeven point once I had taken my first out. I was messing around with the level 2 display being in the ladder view instead of the normal view I use. I like the visual of the ladder view as it was easy to identify what direction the price action was moving; however, I did not like how I was unable to clearly identify when the stock was at my breakeven price. This caused the stock to move past my break even point, so I decided to just use my original stop loss as an exit as it was only .05 away. I exited the trade when it hit VWAP. Trade 3 - Strategy - did not have one as I started to let the candles dictate instead of analyzing the information the candles were presenting. Although I did not make money on this trade, this was probably the best trade of the day from a psychology development perspective. I entered at the 29.02 support level believing that the stock would go down toward my profit target from the previous trade at 28.61. I was saying to myself, "I know this stock is going to hit that profit target", thanks to the book "Trading in the Zone" I know when I start saying those words, I need to look for reasons why I am wrong. So I took my eyes off the 1 minute chart and started looking at the 5 minute and 15 minute chart. I quickly noticed on the five minute chart that the stock was making higher, higher, lows. When I saw this I said I need to get out and look for a profit target to the long side. I exited and quickly executed trade 4 to the long side. Trade 4 - Strategy - Modified VWAP Reversal - I set an entry at the high of the second candle as the third candle did not make a new high. I set a stop at the low of the current candle as I was still a little short biased, and I set the profit target at the moving average at 29.58. I took profit at the resistance level of 29.46, a second out when the stock broke the 50 SMA on the 1 minute, and I exited when the stock hit my profit target. Overall today I was happy with my trading. I met my daily goal and was in the green 4 of 4 trading days. I was also positive after commissions 4 of 4 days this week. I consider commissions & ECN fees as a learning price and do not count them when I consider whether I was green or red for the day. (Did not trade Monday) Monthly stats Win Rate% - 71% (3% increase from last week) Average Win Ratio is below a 2:1 (1 dollar off a 2:1 ratio) Net Equity curve is upward (increase from Horizontal) Gross Equity curve is upward (Same as last week) Current planned transition from primarily Simulator to Live trading is November 5, 2019.

Thanks Carlos M. I agree hotkey mistakes and ruin your day. I now have added unlocking my montages to my daily checklist before the market opens. I would think this would seems natural to not forget but I have done it a couple of times the last two months.

Nice recovering from a hotkey mistake. Sometimes that can throw you off your game, you kept cool and stuck with the plan.

Not being able to close your positions - how is this not a deal breaker for you guys?