Leaderboard

April 8, 2019 - $MU (Distracted) I was ready to take the entry on $Mu and got interrupted, so I missed the entry on $MU around the 8 minute mark. By the time I got situated back into my trading station, it was like the market data was moving faster than I could process. I just felt behind in everything I was looking at. As it is a travel day, I packed it up and head to the train station. Sample Set Results P G S P E 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Tuesday 4/09/2019 I had a well-being score of 4.5/10 this morning. So traded at half shares. Nerves on the bad side. I took two trades today both with AAPL . The first trade was a 2min ORB, a little before 9:37 on a Vish setup. I went long when it broke the 200MA. The instant I took the trade the stock reversed to my S/O. Then the instant I S/O it reversed back. Thus, it should caused maximum emotional response. But I was pretty good about. All I thought,” was this actually a Vish setup or a Step setup?” Which is a good question. The 1st 1min candle was very bullish so I waited for the price to clear the 200MA and went long. But by the time I went long the body of the candle is almost the length of the wick. Still bullish, but not “very”. So I should have treated it as a Vish setup and taken it as it broke VWAP, though that is only a 1.8 R/R so marginal. Or call it a step setup and waited to finish the 2min candle. Either decision would have been profitable. But treating it as a Vish setup when it became a step setup caused a full –R S/O. The moment I took the first trade: 2min candle 1min candles Since I seemed to be in control of my emotions, I took a second trade. I waited for the “step” setup to occur and went long again when it cleanly passed the 200MA. It reached my first partial but then went back to B/E. So there is a new S/O I am trying (only for AAPL). If there is a large or several large tech levels just beyond my B/E, I still hold until they are breached. Yes it makes a winning trade into a losing, but I have seen this happen way too often where I stop out and it reverses right after in my favor. So it went passed my B/E 3 times but each time bouncing off of VWAP until it finally ran. I was able to get 3 more partials, missed the 4th one by 2c, then exited when it cleanly broke back through TLs. What I did good today: Finally had a live trade that ran. For the last month they only seem to happen when I am on SIM. Controlled my emotions really well after S/O. How did I challenge myself today? Planned for a S/O to go beyond my B/E (back to the original S/O before the partial). It worked out but was stressful. What I did bad today: Took the wrong setup on a trade. Need to re-evaluate setups on the fly. What can I do better tomorrow: I will check my data and have a detailed definition of a “very” bullish candle by tomorrow.

Monday 4/08/2019 I had a well-being score of 4.5/10 this morning. So traded at half shares. Nerves OK. I took two trades today, AAPL and MU. Though AAPL was a well executed trade, MU was not and has left me feeling pretty sour about my trading today. AAPL was not in play in the premarket, but we got about 0.5M shares in the first minute which puts it back on my radar. A near perfect 2min “Step” setup occurred except it was veto’d by being above the 4sig Boulinger band when it broke the TL. So waited for the 3rd 1min candle and when it broke the 197.08 TL I went long. It made it to my 1st partial but missed my 2nd partial by a couple of pennies. Then I exited at B/E. Very disappointed with myself on my second trade with MU. To me this was an early 5min ORB, than a late 2min ORB, which makes it ridiculous that I never glanced at the 5min chart before or during the trade. I liked the steady upward trend on the 1min chart. But, I didn’t have a good S/O price. Using just below the 42.50 TL was too close and VWAP was so far I would not have a 2 to 1 R/R. So I chose the bottom of the 1min candle as my S/O loss and chose the share size accordingly. The big problem with that is I never use that as a S/O. So I just made a big compromise to my trade, just so I could force myself to take it. Then I took the trade right at the Boulinger band. That is allowed (as long as it doesn’t go passed, but again frowned upon). Then for my final setup mistake, I never glanced at the 5min chart. All of this analysis was on the 1min chart. If I just glanced at the 5min, I would have saw the 50MA right above my planned entry, thus immediately vetoing the trade. Not seeing that I went long when it broke the 42.50 TL. I was even wondering, when the price bounced off an “invisible” TL at 42.59, why that was and too bad since it’s a couple of pennies from my first partial. Of course that was the 5min-50MA it just bounced off of. Then for no reason I decided to S/O when it broke the 42.50 level, though my planned S/O was lower. Of course it instantly reversed, after my S/O and reached my first target (almost reached my second target). So if I kept to my planned S/O it would have salvaged the trade. What I did good today: I took a good 2min ORB trade on AAPL. How did I challenge myself today? I waited for the AAPL trade to come to me instead of chasing it. What I did bad today: MU, Yikes! I took a bad setup and then mismanaged the trade. What can I do better tomorrow: I don’t want to make the mistake of not looking at two time frames. I made this mistake a lot in February and don’t want to start again.

Monday April 8th, 2019 Sleep: 7.5 hours. Mood: ok, ready to trade. First trade was a MA trend trade in BA. it did an engulfing crack and i waited for a good entry but i ended up chasing it after a selloff on the 1min chart. should have waited about 30 more seconds. not a terrible entry though. unfortunately, it turned out to not be a trending stock so i got stopped out when it spiked above VWAP. not a full R loss but pretty close, glad i got out. GOOD: waited for a pullback to go short. RFI: chased the entry a little bit MOOD: not happy with getting stopped out so many times in a row CONSISTENT: yes i respected my stop level. Last trade of the day was worse. i was hoping MU was going to break over $43 so i took 100 shares. this was a bonehead move, it stalled at the 200 MA on the 15min chart and then couldn't close above the 200 MA on the 5min chart and didn't make a new 5min high so i have no idea why i got in on the long side. another trade where i'm not thinking critically about the price action and just taking a position hoping it goes my way. Per my rules, only one trade allowed a day until i get a 2R winner. if i get stopped out on my trade tomorrow, i'll go back to SIM until i get a 2R winner. no sense in losing money if i can't get in tune with the markets. GOOD: got out at stop loss RFI: no setup, PA didn't call for a long. MOOD: ok, I got what i deserved on that one. CONSISTENT: yes, bad plan to begin with but i'm still respecting my stops. What i did good today: Respected my stop loss level and got out of my trades. What i did bad today: The trade in MU was really bad. What can i do better tomorrow: Have to start picking better trades. I need to wait for signals then find a good entry. Other comments for tomorrow: Per my rules only one trade allowed until a trade that hits my profit target.