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Showing content with the highest reputation on 03/26/2019 in Posts

  1. 2 points
    Tuesday March 26th, 2019 Sleep: 7.5 hours, mood: good ready to trade. first trade of the day was an ORBU in BBBY. I waited a couple minutes after 9:35 to see which way it was going to go and i liked the price action on the 1min chart, when it broke up to a new 1min high i got in, risking a new 2min low to the HOTD. i sold 75% at the HOTD and the rest at b/e. GOOD: waited for the entry and sold according to my plan RFI: could have got out at a new 5min low on the remaining shares. MOOD: good CONSISTENT: yes. What i did good today: disciplined trading. no impulse trading What i did bad today: there were a couple other trades i could have take but stood on the sidelines. What can i do better tomorrow: still working on the selling.
  2. 2 points
    Monday 3/25/2019 I had a well-being score of 5/10 this morning. My nerves were really bad this morning, heart was pounding on both trades. I made it worse because I was a little rushed this morning with a late gappers list so unable to do breathing exercises before open. This was the third weekend without preparation for the week. This should be the last weekend like this. Will definitely be working hard to make up for it next weekend. APPL was setting up as a possible scalp so I was watching it at open. A whole minute went buy with no scalping opportunities. Then on the second minute it was setting up, though the target was 30 cents away which is a bit of a stretch for AAPL, but since the stock was moving so much today I gave it a try. So I went long when it broke the 20MA with a target of the 50MA. It didn’t make it, though close. I did take a partial at the high but it reversed so fast I only got a dime out of it. I did plan on taking a 50% partial not the full. Then it stalled and I got out. I did get my 10 cents. 10 to 20 cents is a normal scalp for AAPL. Next trade was a 2min ORB on AMD. My instinct was to take the trade when it crossed the 26.38 tech level, but the 5min 200MA was there to reduce my R/R <2. So I waited patiently for the price to cleanly break it. The candle was still below the <0.5*ATR criteria. I waited for a clean break of the 200MA then went long. Checklist: I usually take a large first partial on 2min ORBs, but I was more confident on this trade than usual, so my first two partials were small. Then AMD was setting up for a mini ABCD for the 5min ORB so I waited. Then I heard Andrew taking the trade. There were no good TLs to take partials on except the $27 level. So I tried to take partials on the 1min candle highs. I missed the last one since I was waiting to see if it would break $27. It didn’t and I got out when it showed weakness. What I did good today: Was more patient at the open. How did I challenge myself today? Traded through my nerves and took smaller partials What I did bad today: Aimed to high on an AAPL scalp. What can I do better tomorrow: Really need to work on my nerves. Will try and do some prep work tonight.
  3. 1 point
    Hi guys, I've just sent a message to DAS to inquire but wanted to ask here as well in case somebody has the relevant info. This morning while I was trading I was monitoring my fees and commissions under Account Report. Every ticket cost $1.00 when you place the trade. I finished (over)trading at 66 tickets and my commission was $66.00. To much of my surprise when I looked at my account a few minutes ago to recap the day I saw that the commission was $190 or so. I think the fees did not change. Can anybody explain why it changed during the day? It's very frustrating that I couldn't rely on the information DAS provided when I finished trading this morning. Thanks a lot, Zsolt
  4. 1 point
    March 26th - Did not take a live trade. The stocks on my watchlist today were a little choppy for the first 45 minutes. $MU and $AMD had great moves after that once they picked a direction. Hopefully, some of you were able to take advantage of it.
  5. 1 point
  6. 1 point
    Monday March 25th, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade of the day was in AMD. i was waiting for a pullback after the first five minutes for an ORBU but i never got an entry, then it sold off with the SPY and i thought it should take a short position. i wanted to get in at the PDC but when it pulled back it bounced off the previous day low so i got in risking the PDC and was trying to get to the low of the pre-market. i sold some at 1R a little bit because of nerves but also because it wasn't really selling off. i set a range order for the second half at my entry to $26.75 but it wasn't breaking the premarket low and the SPY looked like it was turning around so i just got all out. glad i did i would have broke even on the second half. GOOD: patient with my entry and waited for confirmation it was going lower RFI: selling wasn't great. MOOD: ok, glad to have a winner first day back to live trading. CONSISTENT: stuck to my stops but my nerves got me on my selling. I'm happy with my first day back to live trading. I was busy before the market opened and only had a half hour between meetings so i'm glad to have the emotional control not to take a ton of trades. I'm seeing now that i should have traded in sim as close as possible to live trading all of last year. It's a way easier transition to live if the only thing i changed from last week to this week was the prefix on my account. it really helped with my emotions. What i did good today: emotional control on entering and not chasing. What i did bad today: selling on nerves. What can i do better tomorrow: try and stick to 75% at profit target and 12.5% at next target.
  7. 1 point
  8. 1 point
    March 22, 2019 - $AMD (Hit Profit Target) First sample set I completed today. Had a good trade on $AMD short. I thought I might be able to let the last little bit run longer but the stock bounced back, so I got out completely. Sample Set Results P G S G S 6 7 8 S S P G G S G S S P S G
  9. 1 point
    Live trading summary for week ending 3/22/19. From a quality standpoint, this week was OK. I did break a veto rule, but it was marginal (>0.5*ATR) and thus learned a lesson to measure not eyeball. And I mixed and matched setup/execution rules once this week. Another lesson learned. I took a setup with one set of rules but I executed with a different setup rules. Didn’t go well. It is unusual that the stock has two different setups simultaneously, but from now on I need to call it and executed as one particular setup. Though no major mistakes were made, my only two really good trades were on the SIM which I did not include in my evaluation. My trade evaluation by week: Need another solid week and can call it a good month. February was only marginally good and first week of March I had some rule breaks, but I have been better since. Some good lessons learned this week and started adding SIM to my live trades. It is too bad that my 5min ORB results are so bad now. But when I take a SIM 5min ORB I usually get a winner. So I need to keep taking these live until I get those fixed. I am reducing my share size on those.
  10. 1 point
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