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Showing content with the highest reputation on 02/25/2019 in Posts

  1. 2 points
    Monday February 25th, 2019 Sleep: 7.5 hours. Mood: good, ready early and ready to trade. First trade was an ORBU on AMD. got a great entry risking the high of the pre market to the break of HOTD and above. i sold half at the high of the day then another half at close to the $24.50 mark then held the last 25% for break even. had i got out at a new 5min low, I would have made a little bit more on the trade. GOOD: entry was good, R/R was good RFI: shouldn't have held my first sell untill the break of HOTD not at it. MOOD: happy CONSISTENT: yes. Next trade was an engulfing in AMD. I was hoping for a breakout to the HOTD again but it ended up double topping and dropped significantly. glad i got out. GOOD: got out when it didn't make the move i expected RFI: engulfing is not one of the setups i'm working on right now so i shouldn't have taken that trade. that was a little bit of a revenge trade on just getting stopped out of my AMD shares the trade before MOOD: glad i got out of the way when i did CONSISTENT: yes Last trade of the day was a MA trend in MU. once i realized AMD might just chop around all day i noticed MU was trending nicely. i got in on a pullback, i could have got a better entry but I didn't want to miss it. i set a range order and walked away. it hit my exact target but i didn't get filled. i almost bailed after that but every time i bail on a trade just because i don't like it and it hasn't hit my stop, it usually ends up at my profit target. so i moved my range up to $42.95 and left it again and that one got filled. GOOD: didn't overreact when i didn't get filled at my profit target. stuck with it and made a good trade. RFI: need to watch the market even if i have range orders in MOOD: happy that the trade ended up working CONSISTENT: yes. What i did good today: Discipline on the trades that i took. What i did bad today: Took a trade that was not one of my setups. What can i do better tomorrow: on your ORBS in your favor, give a minute or two to break the HOTD. Other comments for tomorrow: First time hitting my daily goal in over a month. keep up the good trading tomorrow.
  2. 1 point
    February 25, 2019 - $JD (Partial) Had a good setup on $JD, took a Partial and then the stock moved back to the break even point, so I exited in accordance with my profit taking plan. After one more drop and pullback $JD finally moved to the profit target I looking for. Sometimes it works, Sometimes it doesn't Sample Set Results P G S G S 6 7 8 S S P 12 13 14 15 16 17 18 19 20
  3. 1 point
  4. 1 point
    Mike B, Amazing detail on your trade plan. Big props to you for that. I have a couple questions though regarding your 15-minute ORB strategy (from your original post): In the Indicators section: 1. You mention 'small share size with high volume' - what does that mean? 2. Regarding 'Has a direction upward or downward (higher highs, higher lows, lower highs, lower lows)' - is that on the 5-minute chart or 2-minute chart or 1-minute chart? In the Confirmations section: 1. Regarding 'No large wicks/candles (wick cannot be larger than body, candles body not larger than ½ ATR)' - is this for the 15-minute candle I assume? Anyway, awesome journaling! You've got lots of success ahead of you. -Jamie
  5. 1 point
    It’s great to see you have the discipline NOT to trade (force a trade). That is my biggest struggle.
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