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Popular Content

Showing content with the highest reputation on 04/10/2019 in Posts

  1. 2 points
    Wednesday April 10th, 2019 Sleep: 7 hours. Mood: good, ready to trade. I missed the first 45 minutes of the trading day so I was just watching for signs of a reversal. i noticed that DAL made a hammer of the PDC and some other previous lows. i waited for a new 1min high and then i waited for a pullback. i got in 20 shares thinking it was going to touch the PDC line again so i could add more but it never did. I risked the break of the PDC and the PPDL to the VWAP. it hit my profit target but my range order didn't get filled. i hesitated hoping it would try to break it again but then the volume started dying and it was strating to get choppy. it made two new 5min lows in a row and i got out at b/e (with commissions). I got out at the low and it turned around and went right past my profit target. GOOD: great entry and R:R, good waiting for a setup RFI: overthinking and not taking profit at VWAP and talking yourself out of a trade when it wasn't at your stop. MOOD: ok CONSISTENT: no, i deviated from my plan by not taking profits. What i did good today: Waited for a good entry on a double bottom. What i did bad today: didn't take profit at the profit target. got spooked out at a low. What can i do better tomorrow: take some profits close to your target, it doesn't have to exactly hit it. Other comments for tomorrow: Keep working on getting good entries in the right direction. profit taking is second to that.
  2. 1 point
    Hey all! As I'm sure many of you are aware, a few of us have been working on a strategy regarding some moving average crosses that tend to result in rather large move with clear and (typically) very low risk. That being said, I'm two weeks in only using this strategy, but once the month is over and I've proven it's a viable strategy that can be repeated with probable success, I will want to offer a tutorial on it. That being said, would you prefer a written tutorial or video tutorial? If it's a video, I'll need to get permission from BBT to do a video so I'll need to work out those details in advance. Maybe I'll convince William to do the video since he was the one who really put me onto the strategy in the first place and has been a great help in developing it. Plus, that saves me time and work :p. Either way, I plan to have screenshots/images that demonstrate the setup with clear levels for entries, stops, profit targets, etc, which should make it relatively easy to understand. I'm looking forward to hearing everyone's suggestions and ideas. Feel free to also help us come up with a fun name so we dont have to call it a boring name. Talk soon!
  3. 1 point
    April 9, 2019 - $AMD (Stopped out) April 10, 2019 - $AMD (Partial) Missed posting yesterday as I had some unexpected traveling occur. Below are the past two days trades. Overall I was happy with the trading; however, today I missed an entry on $DAL (15 min ORBD), because I worried too much about being wrong instead of just trading the setup. Still working on that issue. Sample Set Results P G S P E S P 8 9 10 11 12 13 14 15 16 17 18 19 20
  4. 1 point
    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.
  5. 1 point
    Tuesday April 4th, 2019 Sleep: 8 hours. Mood: so-so but ready to trade. First trade of the day was an ORBD in MU. i waited for a pullback and got in short at around the VWAP. this was too soon as it had a little more to go higher. i held it past my stop which is the worse thing to do. pretty ashamed that i held it past my stop and what's even worse is it came back down to my profit target. i felt that with the PPDL and the MA and the premarket levels it was going to come back down at least to my entry so i wasn't too worried about it but that's not the point. sold half too early and the rest at or past my profit target. GOOD: didn't chase the entry. RFI: too soon on the entry though and held past stop. MOOD: ok CONSISTENT: no, held past stop. Next trade was in CERN. i don't normally keep the chat in an open window because I've learned that i am biased to Andrews trades or the callouts in the chat but i kept it open today and i saw andrew went long in CERN right under the VWAP so i took the trade too risking a new 10min low. i'm really disappointed in this trade. first off i should have been short biased because it was below the VWAP and trending lower on the 5min chart. then worst of all, i held again past my stop and this time i paid for it with an autostop at 1.8R. turning my green day red. lessoned re-learned, i can't be trusted to watch the chat room and trade at the same time. GOOD: waited for a pullback after a green 1min candle to get in RFI: everything else, not taking the trend, not respecting stops, no setup MOOD: disappointed in myself CONSISTENT: no. What did i do good today: Waited for a pullback in MU before going short What i did bad today: taking trades with no setups, holding past my stops. taking trades from the chatroom What can i do better tomorrow: It's crucial not to hold past your intended stops. i'll work on making sure i don't do this the rest of the week. can't watch the chatroom and trade, it is too biasing to me. Other comments for tomorrow: It's unlikely i'll be able to trade tomorrow anyway which might not be a bad thing, i'm getting beat up in the markets right now. I haven't had a trade go to my profit target without first hitting my stop in a week and a half. sometimes i feel like i'm finally getting the hang of this and some days, like today, i feel like I haven't learned anything. Need to regroup and come back and focus on taking good trades.
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