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Showing content with the highest reputation on 12/15/2018 in Posts

  1. 1 point
    I noticed you are trading lower float/sub $10 stocks. These can be extremely risky and volatile, especially on the short side. I agree with what others above are saying: your entries are often quite late. This means that your risk:reward is less than optimal. Another thing I noticed is that you are entering without a clear setup or signal. Do you categorize your trades by strategy? If so, please let us know which one you took on each ticker. Here's my brief feedback on each trade: ASTC: low float, shorted at support, stopped out too late PBR: Decent trade, good first partial. Not sure what your short signal was as it wasn't a 5-minute ORB MSFT: Very extended for short entry, right at support. Second short unnecessary after the prior reversal hammer DSW: Coiling around the VWAP with no clear breakout signals in either direction--chop LCI: low float, shorted at support. The candle you covered on looks scary. It dripped after it lost the support, so at least you had the right idea. NTRI: Slightly late entry but great partials during the downtrend SJW: I remember this stock was very volatile. First trade was actually well managed. Good job. 2nd trade was OK as well. The 3rd trade, you shorted during an uptrend. The stock was clearly reversing to VWAP on higher-highs, higher lows. AMD: Very late entry but good exits at the 50 SMA ANF: Too many MA's it was stuck between, hence the chop you got stuck in. Not a clear signal in either direction until it broke down at 10:30 AM CORT: Chase as noted by the others. The signal for short was after it engulfed around $19 AEO: You had the right idea after the prior red candle and loss of VWAP. Price action seems rather choppy based on the 1-minute chart. Just too many MA's acting as support against VWAP. My tips: Focus on identifying the setup, timing a good entry, and finding a good target/stop. Remember our job as traders is to react, not predict or chase. Stick to 1-2 strategies for now until you can be consistent. Review Class 3/4/5 if necessary and good luck!
  2. 1 point
    I notice a few things. 1. As Bibonow mentioned, some of your entries are at the end of moves. Stocks move in waves, and after it makes a move, it has to pullback. Sure sometimes it just keeps running, but 80% of the time, it will do a pullback before the next move. Late entries are giving you a small chance that the stock will keep going in your direction, and a big chance that it will pull back significantly, leaving you with a big loss. I personally ALWAYS wait for significant pullbacks, and get in there. It's a rule for me, for this reason. 2. Your stop losses are a bit too far, and causing your losses to be bigger than they have to. Here as well, the entry is key. When you wait for a pullback, and get in there, you can get away with a much smaller stop loss. Take CORT for example. If you waited and got in at 18.80, it's much harder for you to get stopped out, and you make more money on the next down. Make the waves work in your favor. If you're going short, get in at the top of the pullback. If you're going long, get in at the bottom of the pullback. Yes it looks like the worst time to get in, and that is exactly why it's so hard to trade. You have to trade for what the stock is going to do next, not what it's doing now. It's the opposite of stock chasing. And it gives you big reward, and small losses.
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