Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation on 03/19/2019 in all areas

  1. 3 points
    March 18th P&L After Commissions: $36 Trades: 9 Got into a hole early today. I exited my first trade early and then to decent sized losers with FIS. I was able to keep a level head and churn out 3 good winners after. The P&L for the day wasn't great, but I'm happy that I took good trades to finish the day. $FB - First FB trade was a bottom reversal after an ORB. It seemed to be holding he $161 level. The candles never closed below that level. I was in long at slightly above $161. While the candles never closed below $161, they did try to break down underneath it multiple times. That made me feel uneasy with the trade since I was already letting it run 25 cents against me which is about all I want to risk at $25. If it did actually continue downward, the loss would have been a much bigger one than I wanted. So I exited this trade at B/E when I had the opportunity. The stock did make the move up to VWAP and then some, but the R/R wasn't there for me for where and when I entered the trade. $FIS - FIS got me good today. It wasn't the best trading on my part. I thought it was a pullback so I wanted to enter for the break of LOD. It was holding the 9ema and the 200SMA on the 5 min. I wanted an entry closer to $108.20, so I wasn't too happy or comfortable with the entry that I got. It popped up against me and I had to exit. It looked like bounced off PDC and came back down so I decided to try and take the trade a second time. I got an entry I felt more comfortable with but the stock didn't break down and I exited the trade. $MU - Took me 3 tries to get this MU trade. I could have stayed in the trade from my first entry and probably gotten close to the same result. It broke under the emas and was holding under $40.25. Took it short underneath the 20EMA. I was a little skittish after taking two losses previously so I exited quickly at B/E. It still looked weak later and I got right back in for a slightly better entry. It tried to break down, but came back up so quickly. There was quite a bit of buying pressure at that point so I exited the trade for a small gain. I kept watching and it pushed down a little more and I still thought it was short. I got in at the right time and the stock dropped. Took profits at the 50SMA, VWAP and below VWAP. Got all out when it showed some strength. $FB - Again it took multiple tries with FB to get the trade. The first trade was early. It looked weak to me and broke under $163, but the stock clearly wasn't ready and I got stopped out. There wasn't a lot of buying pressure to push the stock up and it broke under the emas and again under the whole number so I took it short. I was a little premature with the profit taking. I should have only taken 1 of the first 2 profit takings that I did. I am ok with the 50SMA and the VWAP target point where I got all out. $AAPL - Last trade of the day. Wasn't the best entry. This stock just looked like it topped out to me. It tried to reverse about 15 minutes earlier but bounced off the 50SMA. It started to push up but couldn't really break above $188.25. I decided to take it short and it did come down and broke the 50SMa. Took some small profits to lock things in. Generally these stocks will retest the 50SMA after they break, but push off fairly quickly. This time it held the 50 for a few minutes, but I had a good entry so I could wait it out. Took more profits on the way down in case it couldn't go lower. It then gave me 3 straight green candles and it looked like there was buying pressure so I exited the trade. The stop out should have been above the 50SMA and above $188. I still would have been profitable at that point, but I chickened out of this trade and traded with the mentality of just locking in profits. Missed out on the move to VWAP. Overall, an ok day. I did trade a lot of stocks that weren't gapping up and I did short 8/9 trades. There wasn't a lot in the morning gappers so I did put FB and AAPL on my watchlist. I do need to work on trading what is in play. I feel my trade numbers were a little inflated because they were just me taking multiple stabs at the same trade. I do feel good that I was able to turn a red day into a green day.
  2. 2 points
    March 19, 2019 - Deja Vu - Maybe yesterday was an insight into today. I just noticed I put today's date on yesterday's post. It felt like I had the exact same day as yesterday. Good 5 min Orb and engulfing patterns, but not much for the 15 min orb. I figure I just reconfirming my discipline to stick my trading plan. I am hopeful tomorrow will be different. Sample Set Results P G S G S 6 7 8 S S P G G S G S S 18 19 20
  3. 2 points
    I have had so many of those days in the past 3 months. Go to simulator and without the psychology or commissions pressure, it easy to enter/exit and hold onto the winners. One day we will be there in our live accounts.
  4. 2 points
    Monday 3/18/2019 I had a well-being score of 3.5/10 this morning so I was forced to trade on the simulator. And of course, being on the simulator, I had a great day. Actually I took my longest trade to date (both live and SIM). Could I have done that live? Unlikely, I don’t want to fool myself. I took two trades, both with AAPL. My first trade was a 2min ORB with “Step” setup. What is interesting about the “Step” 2min ORB setup is, there seems to be more and more data showing that it would be better to take the trade after the 2min candle is completed. Versus the other setups the best entry time is more random. Since I was on SIM, I decided to wait the extra 30 seconds and take the trade at the 2min candle break. Well today it looked like taking it early was better. But it’s all probabilities. I need to collect more data. My AAPL checklist: Now usually I can’t trade the same stock twice due to emotional control. But on SIM it wasn’t an issue. AAPL was setting up for a 5min ORB with an ABCD. I usually wait for the 3rd bounce off a tech level for ABCDs, but AMD/MU/SPY were are going higher and I thought AAPL may follow. So I took half a share size long. Very soon after the price fell and did it’s third bounce off the tech level and I took the other half share size long as well.Soon after I took the trade, I didn’t like the price action so I took an early first partial. Then got stopped out on B/E. Again, since it was SIM and there were no clear levels to take partials, I decided to have some fun and see if I could take my partials at the high of each 5min candle. Looks ike I got close. Then when it broke two tech levels that it was respecting I exited. What I did good today: Longest trade yet (SIM or live). How did I challenge myself today? Forced myself to trade on SIM, due to low well-being, though lots of FOMO. What I did bad today: Not happy with my well-being score. These scores under 5/10 should be a few times a year not once a week. Also, did I not finished my weekend prep again. So felt unprepared this week like last week. What can I do better tomorrow/next week: Must complete my weekend prep work!!! Need to get more sleep, these 5/6 hour sleep a night is killing me.
  5. 1 point
    Tuesday March 19th, 2019 Sleep: 8 hours. Mood: good, ready to trade. Took two ORBUs in MU neither of which worked. the first one i got in a little late it broke the HOTD and i thought it was going to move higher so i chased it a little bit and then got out on a new 1min low but not at my stop. GOOD: didn't take a full R RFI: should have waited for my stop and i should have used the PDH as a profit target and saw the R/R of the trade at my entry was not a good trade. MOOD: fine, i didn't think the trade through so i got out what i put in CONSISTENT: no. Took the same trade again, this was a bit of a revenge trade and the same issue as i chose to ignore the PDH as a resistance profit target. this time i did get stopped out. GOOD: got out at my stop loss. RFI: didn't look at closest resistance for my R/R calc. revenge trade, i have a bad habit of losing twice on an ORB. MOOD: ok CONSISTENT: yes. Last trade of the day was a double top in NVDA. it held the $175 level for about five minutes then sold off to the VWAP. i waited for a new 1min low to get in risking $175.03 to the VWAP. I'm not taking trades on breaks to new 1min lows anymore. i'm so tired of it not actually breaking and i get filled at the worst price of the candle. i did not like the pullback above the MAs on the 1min chart at 10:06 but i've been fooled by 1min candles before so i held on to my stop. it never made a new 5min low after i got in and i got stopped out. i got autostopped at more than my risk because it's an expensive stock and as soon as it broke that level it was much higher than where i wanted to get out. i could have saved 3-4 bucks by getting out earlier but i was hoping for a pullback to my stop loss so i could get out but the autostop got me. lesson learned, i need to put in range orders to prepare for a break like that. in truth though i had a feeling i was going to loss on this trade. in general when i'm in the red for 10 minutes after i get in it doesn't end well also if a stock consolidates for that long, there's a good chance it will keep moving the way it was before. GOOD: saw a setup and waited for a good entry. RFI: i should have bailed earlier on this trade it just wasn't time for it to sell off yet. MOOD: only mildly frustrated about hitting max loss. CONSISTENT: no, sold past planned stop. What I did good today: quit trading at max loss. also much better on my emotions about hitting max loss What i did bad today: let my emotions get the better of me on that second MU trade. What can i do better tomorrow: My new strategy is to get filled as close to my resistance/stop loss as possible and then if it breaks that at worst i'm taking a full R loss almost immediately but likely i'll take less than a full R. i'm tired of trying to get an entry right at the break to a new high/low. all that ends up happening is i get a bad entry. Other comments for tomorrow: Per my rules, i'm only allowed two losses tomorrow before stopping. it's funny how i feel pretty good with my trading for a couple days then just turn around and hit max loss when i'm starting to feel comfortable.
  6. 1 point
    Hi, unfortunately, the link in the YouTube PowerPoint presentation was incorrect. This is the correct link to download Andrew's DAS layout and hotkey files: https://bearbulltraders.com/lessons/download-das-layout-and-hotkey-file/ We apologize for the confusion.
  7. 1 point
    March 19, 2019 (really March 18, 2019) - Almost $MU but did not meet risk analysis (Trades below were simulator 5 min orbs) This sample set has taken longer than I planned, but now that I am incorporating testing a couple different strategies in simulator while I trade, I have noticed it has helped me with identifying a better entry on the 15 min orbs. Over the weekend I had to remind myself that this sample set was never about the P/L, rather it was about developing a different mindset, trading skills, and being able to get stopped out without emotional distress. Sample Set Results P G S G S 6 7 8 S S P G G S G S S 18 19 20
  8. 1 point
    Monday March 18th, 2019 Sleep: 7.5 hours. Mood: good, a little tired. Only took one trade today, an ORBD in WP. i risked the body of the first five minute candle (about a $1). i wanted to get to the LOPM but i started scaling out around 2R. accidently added 50% more but i kept a level head and scaled out. i bailed on my last 2 shares when it looked like it was going to pop above the VWAP and hit my breakeven. i typically do a range order to b/e to my target but I was confident it was going to pop. I was wrong it bounced off the VWAP and went back to the LOTD. GOOD: setup and R/R RFI: adding shares on accident. MOOD: good CONSISTENT: yes What i did good today: only took a trade but it was a good one. What i did bad today: hotkey error What can i do better tomorrow: be mindful of which hotkeys you're hitting Other comments for tomorrow: keep up the good trading.
  9. 1 point
    Mike, great discipline not to trade. I'm still working on that.
  10. 1 point
    Live trading summary for week ending 3/15/19. From a quality standpoint, this week was pretty good. For the most part I took good setups, broke rules infrequently and generally managed the trades OK. Though it’s not supposed to be important at this stage of learning, my low win rate this week started to affect me and I was close to breaking my maximum trade rule on Friday. Luckily I was able to turn off the platform and walk away before taking another trade. My trade evaluation by week: This week was interesting since I finish taking 30+ 2min ORB trades since I started live on the DAS platform. 30 is the minimum trades that I will analyze the data. So out of the 31 trades my win rate on the 2min ORB setup was only 65%. My win$/Loser$ ratio was not very good either making this not a profitable setup. Yes my % is much higher when I don’t break rules, but I don’t want to look at the “what ifs”. What is interesting about the data is my win rate for stocks I have never traded before was 45%. And the win rate for the stocks that I have traded at least once before was 75%. With that info I need to make some adjustments. Now I don’t want to stop taking 2min ORBs on stocks I have never traded before, but I do want to stop the preference I have for new stocks. I am always worried I am going to get into a rut trading the same stocks every day. So if I see a good setup on a familiar stock and a new one, I will always trade the new one. With this data in hand I need to stop that habit. The preference should be in the opposite direction. That will be a focus for next week.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.