Leaderboard

Week 11 Recap · Weekly stats o 1.8 R/R (Goal: above 3.0) [Record: 2.7] o 26/28 93% (Goal: above 80%) [Record: 93%] o -$3.50 (Goal: $250) [Record: $49.03] o 5/7 71% trades with the trend (Goal: 100%) [Record: 71%] o 3/7 43% Early Entries (Goal: 0%) [Record: 17%] o 0/7 0% Letting Losers Run (Goal: 0%) [Record: 0%] o 1/7 14% No Setup (Goal: 0%) [Record: 14%] · Highlights o Didn’t let any losers run this week!!! o Only traded two days but they were both good days of trading o Losers are having less and less of an emotional reaction on me. · Ongoing things to work on o Still too early on my entries. Need to focus on getting with 15 cents of my defined resistance/support level.

Friday March 15th, 2019 Sleep: 8 hours. Mood: good, ready to trade. First trade of the day was in GDS. it was looking like a good ORBU but i'm often early on my entries so i waited for a pullback but the pullback was a complete change in direction. The spread got large right after i got in and it was getting super choppy. it went past my stop loss for a split second and i got out when it came back up closer to my entry. GOOD: got out with less than 1R RFI: it's good to wait for an entry but I have to be aware of the difference between a pullback and a change in direction. MOOD: good. CONSISTENT: yes. Next two trades were in MU. it made a great ORBU and i just watched it run up. i've noticed in the past couple weeks, a stock will make new 5min highs until about 10 and on the first break on a new 5min low it can really fall. I got in for a small position risking the HOTD thinking i would add more on a pullback. i don't know why i got too nervous to add more because looking back it was the correct place to enter. it sold off but not enough for a 2:1 R so i just held. then it made a double bottom and i figured it was going to try and make a new HOTD so i got out of this position for a small loss and got in on the long side risking the double bottom to the break of the HOTD. it hit the PPDH four times and i should have bailed early on this trade but i held on for a full R loss. GOOD: recognized and waited for a short entry with confirmation. RFI: entry still too early on both trades. killing my R/R. MOOD: ok, don't like to lose but it's part of the game. glad i kept my losses under max loss. CONSISTENT: yes i got out on price action i had at the time. All in all not a bad today of trading. true I didn't have any winners today but i'm proud that i kept my losses small. as part of the edgewonk classes, they include this TED talk about how small incremental changes add up to huge life goals. it's really inspiring to watch and I feel like it really applies to day trading on how crucial it is to nail your trade entries. a 10 cent better entry makes a huge difference in a trade. if i had waited for a better entry on my MU short I would have had a green day today. small changes add up! What i did good today: took small losses, kept my emotions in check . What i did bad today: still too early on my entries. What can i do better tomorrow: practice taking your entries within 15 cents from a significant support/resistance or pass on the trade. link:

Friday 3/15/2019 My nerves were better this morning, I had a well-being score of 5/10. I have a new veto rule this week (Spread >0.2%) which I did consciously break this morning. Still debating if it was a good idea to do it. Of course if the trade was a winner I probably would have thought better about it. My one allowable trade today was with GDS. My GDS checklist: GDS had a bullish 2min candle forming and I was waiting for it to break the premarket high at 36.75. Price did a curtsy at that level making it a stronger setup. But, the spread was too high. This week I added a new spread veto rule. It was about .4%. Then just as it broke the TL there was a very large ask on L2. I have never used L2 as part of a decision, though I do look at it. With my finger already on the trigger I took the trade. I took less shares knowing I will get a bad fill. As bad luck would have it the spread jumped to 0.6% the moment I took the trade. Then 1 second later the spread dropped in half. But those are the breaks near the open. But, even with the bad fill I still had a 2-1 reward to risk ratio. 8 seconds later the large ask disappeared and the price fell. I exited right on my planned stop. Even with the spread veto rule break, I think this was an OK trade. The setup was there and I think the L2 signal was strong enough to take a chance over the spread. What I did good today: I kept to my 1 trade/day max rule. Huge FOMO today. I usually trade poorly on Friday and it was really nice to have a positive Friday last week so I really wanted another positive Friday. My finger was right the trigger, then I stopped myself and shut the platform down. How did I challenge myself today? First time used L2 to trigger a trade. Used an updated DAS layout What I did bad today: Broke a new spread veto rule. What can I do better next week: I need to prep and study over the weekend. I usually do, but last weekend I didn’t have a chance and felt unprepared all week.

March 14th P&L After Commissions: $55 Trades: 9 I had a good trading day going that turned into an ok trading day. I am super happy with how I traded for the first 6 trades that I made today. I even got up from the computer and called it quits. For whatever reason when I came back to the computer I took 3 more trades and all were losers. I was greedy and I just jumped into trades without waiting a good setup. $GE - I first went long thinking it was just a pullback but quickly exited. Then I took it short when it came back to the 200SMA on the 1 min chart. It broke under VWAP and I was shooting for a target of $10 which is a lot to ask for with GE, and it never came. I took some profits along the way but got out the rest when it came back above VWAP. The third GE trade, I took long when it couldn't stay below VWAP and was pushing back up. I took it below the 200SMA which was a little risky, but I thought it was strong. It popped up and I held for 25 minutes without taking any profits. I wanted to get back to the HOD and see if It could break it. I was hanging out for most of the time I was in the trade and when it pushed below the 200SMA I exited. Maybe not the best exit since the stock did jump back up, but I wanted to be protective of profits. $AAPL - I saw AAPL couldn't hold above VWAP. I was targetting $183.35 but missed the entry. Decided to still hop in since there was a lot of selling pressure. I was worried that I chased it, but it dropped pretty easily still. My first target was the previous day mark. I first sold 25 of my 100 shares, and for whatever reason I just hit the button to get all out. I was little mad at myself for that. Not sure exactly why I did it. Maybe because the first few GE trades got away from me without me taking profits. $FB - Took FB short when it could break above the 200SMA. Dropped as soon as I got in. First partial was meant for VWAP. Bounced off VWAP pretty convincingly so I took another partial when it came back. My plan was then to hold until the stock wasn't going to go lower. It held at the previous day mark so I took partial profits. I exited the rest when it popped back above VWAP. I held the last shares too long. I saw that it was on the way back up when it started to make its move, I just didn't exit. I still need to find the balance with my strategy if I'm going to hold or take the profits and run. My last 3 trades were just bad trades. There wasn't a good solid setup and I was trying to get a quick buck. Not sure why I did it. I was at $80 after commissions which would have been good enough for me for the day. I went ahead and just took 3 bad trades that I didn't last a single minute in any of them. I wasn't at goal for the day, but I should have stopped since I did walk away from the computer and tell myself that I was done. Need to be better at walking away when I am done for the day.

March 13th P&L After Commissions: $-111 Trades: 9 Terrible day of trading. 3 losses accounted for the majority of my day, and dumb mistakes were made. It was a very slow day for me. I wasn't a fan of the gappers watchlist and I wasn't patient enough to wait for the perfect setup. $CRON - Thought it would be a VWAP break. Saw the moving average on the 5 min but still took it regardless. I then held too long on the trade. I wanted to give it a chance to move and when I exited it was at the top. I then swapped my position thinking that since it was going to break down below VWAP that I could take it long. That trade didn't work out and I exited that one appropriately. $ROKU - This was the mistake of the day. There was no reason to be in this trade. I was impulsive and thought it would bounce off the 200SMA as it had for the past 20 min. Also was holding under the moving averages on the 5 min. The trade did push back down a little but couldn't break under the EMAs on the one. I was ready to exit the trade. The spread was about 5 cents on this stock. So about $5 on my 100 shares. A little more than you want to see, but not a deal breaker. I was ready to exit the stock, but instead of exiting. I kept trying to set a limit to get a good fill and a good exit. I didn't want to eat the $5 spread. I had a few opportunities to exit for a $5 loss but chose not to. The stock then moved up to $15 loss and I chose not to exit there but instead set a limit order to fill. It popped up again and I moved my limit order up. I was chasing the stock with my exit. I was setting a trailing stop in the wrong direction. I kept worrying about the $5 that eventually the stock popped up to a $30 loss and I had to exit with a market order. I do sometimes record my trading session and I did record this one. I've attached some of the screenshots from the recording showing with me trying to get a good fill on the exit instead of just taking the minimal loss to begin with. My second limit order is where the first exit would have been if I just did a market order! When its time to exit a trade, I need to exit the trade! $CRON - I was trading my P&L at this point. I was up about $35 on this trade but didn't take any profits. I was hoping for a bigger move and wanted to capitalize with having a full amount of shares. Was shooting for it to break below LOD and down to $21. Exited near B/E. $ACB - Another bad trade. I was trying to make my money back and I took this ACB because it looked like it could be short. No reason to be in this trade either. Originally had 300 shares and added another 100 at the 50SMA. Very poor trading today.

Found another way! This makes it easy to do if you would like to open the same montage in a different tab. Right click on the header of the Montage and click SAVE AS DEFAULT. Open a montage in a new tab, right click the header again and click LOAD DEFAULT. You will have loaded the montage from your original tab then you can duplicate as much as you want. This also works with charts!!!