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Showing content with the highest reputation on 03/27/2019 in all areas
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2 pointsWednesday March 27th, 2019 Sleep: 8 hours. Mood: good, ready to trade. Took an ORBD in CRON. it gave me no trouble at all. i meant to sell half at my profit target but i hit the wrong button and got all out. kicking myself for this mistake it fell all morning. GOOD: good setup, waited for an entry. RFI: sold all too early. MOOD: a tiny bit mad I left a lot of money on the table. CONSISTENT: no, hotkey error. Next trade was a MA trend in AMD. i figured the stock was going to sell off once it got close to all those levels above VWAP but i didn't want to short until it broke. i waited for the 5min to close below VWAP and got in short. I knew the whole dollar at 25 was going to be a problem to get through so i took half off just in case. then i got out completely once it made a new 5min high. it turns out i should have just let it run because it never hit my stop. GOOD: waited for confirmation to short. RFI: didn't accept the full R loss and partialled out way too early. MOOD: ok CONSISTENT: no. What i did good today: Reading price action well and getting in to trades right on time. What i did bad today: Left too much money on the table. had i managed these two trades correctly, i could have easily got to my daily goal. What can i do better tomorrow: Go back to range orders to help with the nerves on selling.
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1 pointGood luck! I hope to have the confidence (and skills) to get into a live account later this year.
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1 pointNice one, I too had a great day and looking back missed money, BUT That's not how things work of course. You can't pick tops and bottoms. You are just going to have to accept that. Just like I did Good luck and thanks for the daily writeup, very nice! Cheers
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1 pointWednesday 3/27/2019 I had a well-being score of 5.5/10 this morning. My nerves were better this morning. A very disappointing day. I had two trades today both on AMD. There was no scalp setup so waited for the 2min ORB. I took an early ORB (9:31:11) with a very bearish candle. Checklist: This was the same setup as yesterday on AMD and it didn’t work out so why did I try again? The first level to take a partial was too strong and it bounced. I was able to take a partial at that level (25.69), then S/O at B/E. The next trade I was waiting for a clean break of the 25.69 with VWAP as my S/L. same setup as my previous trade. But AAPL caught mt attention on another chart for an instant. When I look back the price passed my entry by about 5 cents. Thus I should not have taken the trade. But since my finger was on the trigger my FOMO took the trade and I went short. Now I have a bad R/R and my S/L is far away. So I pulled my S/L in just above the 25.69, though there is no technical reason to do so. I then got S/O at that level quickly. The price then went up to 1 cent below my original S/O plan, reversed and had a huge run down which I missed. What I did good today: Stayed to my 2 trade limit though very painful to do so. How did I challenge myself today? Recovered emotionally from the bad trading today quickly (for me). I thought it would bother me all day. But I was OK an hour later. Not fast enough to trust myself with another trade, but a big improvement from me. What I did bad today: Didn’t follow my plan on the second AMD trade. Since I missed my entry I should either not take the trade or wait for the setup to emerge again (which it did). What can I do better tomorrow: Control the FOMO. Today was a big lesson that it is OK if you miss an entry.
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1 pointHi guys, in BBT home page you will find a full list of positions. https://bearbulltraders.com/
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1 pointNice journal work. I like the "If/Then" thought process! Nice Journal. I like the "If/Then" thought process.
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1 pointAt least they have decent coffee at Love's! (Not sure how the beer selection is). lol Good luck at the new base. Stuart
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1 pointBobby, I'm using the snipit tool on my pc and can edit/mark with that. There's also a free app https://epic-pen.com that I have used that a lot of people here use. Not sure if it's Mac friendly though. Have a good one, Stuart
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1 pointMonday, first day of the BBT challenge!!!!!! I broke two of my rules at the open, Don't trade stocks under $10 and Don't trade the first 5 minutes. Hey, I'm trying to win, and I didn't think $100-$200 a day was going to do it. So I had to be aggressive. Got lucky and it worked out on CRIS, 25% BP short!!!! After that giant win I went to AMD Got Lucky on AMD too, the 844 Short was actually a mistake, my stop loss at break even had the earlier share size, I had taken partials and didn't resend the stop. Lady Luck was on my side for Day 1 of the challenge......But after trading I found out I needed to pack up my tools and hotel room and leave Colorado and head to Dallas. So it was time to say goodbye to my old trading station.
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1 pointTuesday 3/26/2019 I had a well-being score of 5.5/10 this morning. My nerves were bad this morning, but I had time for extended breathing exercises which really helped. I had two trades today both on AMD. First trade was a scalp. Both AMD and AAPL both were setting up for it. AMD looked a little better so I focused on it. Of course AAPL was the better one J I took the trade as it broke the high of the day with a target 10 cents away (the green line). The enter fill had a 3 cent slide and so did the exit. Thus I made very little from the trade. I did plan to take a large partial instead of all out due to a strong second target. Then got out at B/E. My second trade was with AMD. AMD had a very bullish 2min candle forming with VWAP near the end of the candle. A really nice setup. Chart when I took the trade: My checklist: I took the trade when it made a clear break of the 1min VWAP. My target was at 26.32 where both a tech level and 200MA resided. There was a strong first target as well, the 50MA which was just ~1.5R from away. The price did hit the first target but it bounced from it so fast that I was unable to take a partial. I watch the video and it looks like I can’t blame myself for missing the partial, it was REALLY a fast bounce. Then price reversed and I got stopped out. So it seems I am still not ready to trade after a loss. This was a reasonably good trade that happens to be a loss and my mental state was not ready to take an impartial trade afterwards. Another thought bothering me. Since I have not done my “homework” the last 3 weekends due to family and work commitments, I was thinking maybe this wasn’t a good trade. Of all the stocks AMD changes its personality the quickest. I like using 50MA as a target (for AMD) for the first partial since it tends to pull the stock toward it but if the stock is strong/weak it tends not to repel it. I wonder if that has changed in the last 3 weeks. I will be definitely reviewing charts this weekend and will find out. What I did good today: Stopped out right on target without emotion. How did I challenge myself today? Successfully fought through the urge to revenge trade. What I did bad today: I haven’t reviewed charts in 3 weeks. I am wondering now if I am making poor decision based on old data. What can I do better tomorrow: I will try and review charts a little each day to catch up.
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1 pointMarch 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.
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1 pointWe at Bear Bull Traders highly encourage members to setup local Meet Up groups to connect with other Bear Bull Traders members, as well as other traders in general. Often times, meet ups are planned for weekends (usually Saturdays) and are often held at a bar/restaurant that can accommodate a group of 10 or more people. As long as the meet up is announced here in the forums and other Bear Bull Traders members are notified of the event, we here at Bear Bull Traders like to offer "swag" as a thank you for your support of the BBT community and bringing together people in an environment to "talk shop" and get to know each other better, as well as share strategies, experiences and of course, swap war stories. Here is an outline of what to do, what to expect and who to contact for setting up your local BBT meetup: Determine who will be the point of contact. Naturally, if you are organizing the event, then it will be expected that you will be the "point person" to manage interactions with BBT staff as well as deciding on a date that works for everybody, as well as setting the reservation at the bar/restaurant that is selected. Create a post in this forum (Bear Bull Traders Meetups and Introductions). In your posting, please do the following: Make sure you set the location (if you are near a major metro, or a small town so that other members who live near the area can possibly attend). Propose several dates so that other members can determine what dates work best. Decide on a few physical locations (bar, restaurant, hotel, etc.) Keep track of the proposed attendees and dates (as well as location). Send an email to: [email protected] once you have confirmed a date and you have a rough number of people. In the email to Ryan, please include the date, the time of the meetup and most importantly, how many people you are anticipating. Also be sure to include the following information for the point of contact: name, phone number and mailing address. Once you have a finalized date, please insert the BBT Meetup date in our Member's Calendar: https://forums.bearbulltraders.com/calendar/ Have fun! Once all of the details have been ironed out and you have a group and location in place, the most important piece is to enjoy yourself as well as the camaraderie of other traders. During the Meetup: Please take LOTS OF PICS! Especially those that showcase the BBT swag. We put all images of the BBT Meet-up events on our website, so if you or somebody in the group does not wish to have their photo taken, please make sure they are excluded from any pictures as we will post the images to our site and in our newsletter. As a special thank you for hosting a BBT meet-up event, the point of contact will be shipped a "Swag pack" that will contain ANY of the following items: BBT T-shirts (medium size ONLY), and/or a BBT pennant flag. Because of these items, it is crucial that Ryan is informed of the total number of attendees for the event so the correct amount of swag can be shipped to the point of contact. If you are really lucky, "The Boss" himself (Andrew) may even attend your BBT Meetup! We encourage members to swap contact information to keep in-touch from that point forward. This isn't a requirement and is at the sole-discretion of the attendees, but we do encourage this! After the Meetup: Please send all pictures that were taken of the event to Andrew, Ryan and Robert for inclusion on the BBT website and in the newsletter. The goal of these events is to come together as a community and to put "Faces to names" of members in our chatroom and here on our forums. If you have any additional questions on how this process works or how to setup a meetup, please reach out to [email protected]