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Showing content with the highest reputation on 02/24/2019 in all areas

  1. 2 points
    Hi folks, here is a copy of the playbook template I discussed in the Feb 14 recap. The file is obviously a sample meant for each individual trader to complete with their own strategies, patterns, and setups. https://drive.google.com/a/bearbulltraders.com/file/d/1bmu3XzT_KtzTfya2Fo7Uqc7DZG_N7q-B/view?usp=sharing Please download a local copy as .xlsx
  2. 2 points
    Hello BBT!, I just wanted to send out this update on my journey as I will be going back to SIM after 5 weeks of live trading. I hit the shark bite rule, and must claim this victory! The reason I choose to look at this as a victory is, I still have an account that is large enough to day trade! I could look at this as a setback, but I won't! This is just another step in my growth as a day trader, and thankfully I have the simulator to re-tool my strategies. If not for the teachings of Andrew, and the incredible support from the entire BBT community, I'm sure I would have completely blown up my account. So please accept my deepest gratitude to all of you that have contributed to my learning. All that each one of you have shared through the chat room and video recaps has helped me make the wise choice to stop live trading until I can show consistency in my trading process. I will be reevaluating my risk control, journal entry method, trade setups, and trading psychology during the next few weeks before going back to a live account. I guess this post is really intended as an accountability check for myself to keep with the plan and make the necessary adjustments needed to become consistent. Thanks again BBT!, Stuart K attached is a short recap of one of my good trades, I end the recap with my favorite A. Aziz qoute, and a picture of my faithful trading partner. USAT recap 272019_Medium (1).mp4
  3. 1 point
    All I can say about this week, is that this is what I was looking for out of my sample set. Weekly Analysis of trading I only traded 3 days this week, it seems like this month the world falls apart at work Friday mornings and keeps interfering with my ability to trade. Maybe I will just start taking Fridays off from work. I took 2 out of 3 setups this week. I did not take the third setup, as the I was stopped out on the first 2 setups and called it quits for the day, only for the 3 third setup to finally work. That is exactly what my sample set is designed to teach me. You never know which trades will be the winners or the losers, just trade the good setups. It has been a rough couple of weeks of trading for me emotionally, so I am looking forward to finally getting out of my current streak. I know it will happen, I just need to continue to trade good setups. I am definitely at the point where Mark Douglas says it will become very difficult to trade the next trade because of my current streak. I can't wait for his method to prove my mind wrong. I have be extremely satisfied with the trading results of this sample set. Weekly Overall Self Rating: Traded well all week Daily Goal Hit – 3 of 3 Daily Max Loss – No longer tracking, monitoring just to ensure I don't go over Goals for the month 1. Traded two times inside my sample set this week.. 2. Stick to your trading Rules and focus on developing trading skills, self-discipline, and controlling my emotions while in the trade. Risk Controls 1. Did not trigger Max Loss control. 2. I did not hit Max Shares traded in a day. Trading Methodology 1. Did not change any of my trading or profit taking methodology. Sample Set Results P G S G S 6 7 8 S S 11 12 13 14 15 16 17 18 19 20 P - 1:1 than Break-even G - Hit Profit target R - Stopped out # - Trade outside my Edge
  4. 1 point
    Week 8 Recap Second week back in the simulator. Even though it was red for the week, i'm feeling more confident in my setups and the days where i'm losing it's directly related to me either 1. not taking my setups. 2. me impulsively entering a bad r/r or 3. me refusing to take a -1R loss and eventually taking a -2R or -3R. I was expecting not to still have these problems over a year in to my day trading journey but the learning curve is steep for a reason and these emotional issues don't go away easy so i'm just going to keep working on taking my setups and working on mastering my emotions. definitely still not ready to go back live after this week's performance. · Weekly stats o 2.5 R/R (Goal: above 3.0) [record: 2.7] o 53% (Goal: above 80%) [record: 93%] o -$57.45 (Goal: $250) [record: $49.03] · Highlights o Really great trading on Thursday but otherwise not a good week of trading o Reduced my DAS auto risk unrealized loss per trade from -$36 to -$24 (-3R to -2R) o Added back in my daily lock out of max loss per day of -$36 · Ongoing things to work on o Hotkey errors still present o Taking ORBS and not putting the stop above VWAP. If you can’t get a good R/R with your stop above VWAP don’t take the ORB o New 6 week goal is to keep my edgewonk tiltmeter green for 75% of my trades and eventually get to 95 - 100% o Stop taking no setup trades!
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