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Showing content with the highest reputation on 04/12/2019 in Posts

  1. 2 points
    Still working on removing my short biased. Ended the week with 4 positive realized days in a row. I'm happy about that. Great way to end the week as I go into the weekend studying these set ups. I traded SUPER well today. I don't think I made a single mistake today. I was early on a trade, cut it off then hit it again for the move. Another trade I got in long and it fell. Just didn't work out although I could've gone either way on that trade. The good thing is me seeing trades both ways. I cut some trades off too early before the moves happened. Gotta work on that big time. $CVX 4/12/2019 $PBR 4/12/2019 $CGC 4/12/2019 $WFC 4/12/2019
  2. 1 point
    Hey everyone! Looks like we're going to get Andrew down here for some Texas Meetups! Planning on 5/19 in Dallas and 5/20 in Austin. I could use some help organizing these if there are any volunteers. Let us know who can attend on the Facebook event pages: Dallas Meetup Austin Meetup Please use these events to confirm your attendance. Thanks, Norm
  3. 1 point
    Friday 4/12/2019 I had a well-being score of 5/10 this morning. Nerves were better, but then I noticed my platform wasn’t setup completely (30 sec before open). Though I got everything setup by open, my nerves were bad again. I took one live trade today with AAPL. AAPL was a “simple” 2min ORB setup. The forming 2min candle had a bullish wick and VWAP break was near the top. It also had good partial taking levels above it. I waited for it to break the 200MA and went long. Got a good fill. I assume because of my nerves I took too many partials. The first partial was planned to be the 50MA. But I took one at a nearby premarket local high. Not a horrible place to take a partial if you have no other levels, but I did. Then I took a partial at the 50MA and then took a really bad partial in the middle of nowhere L Next partial was at the 200 dollar mark and the final piece when it reached the high of premarket at 200.13, but I got a not so good fill on that. I really wanted a good trading day going into the weekend. I know I am supposedly just focusing on the process, but it was nice to get a +2R winner and call it one and done for the day. I took a break and came back and saw a good setup, but I knew after 65 mouse clicks to switch it back to SIM the setup would be gone. That deflated me to take any SIM trades and so I just watched the charts and the chatroom for a while to see what others were trading and I called it a week. What it looked like when I took the trade: 1min chart 5min chart What I did good today: I like my trade on AAPL. I finished the week on a positive. How did I challenge myself today? Took two days of “simple” setups. My trading was being dominated by “step” and “Vish” setups recently. What I did bad today: Too many partials on AAPL. What can I do better tomorrow: Still need to catch up on my weekend training/reviewing. Be prepared for next week.
  4. 1 point
    April 11, 2019 - $AMD (Partial + 1) Took a 15 min ORBD on $AMD. I got a partial, and took another half out near the profit target. I exited when the stock came back to my first out. Overall I was satisfied with my execution of the trade. Sample Set Results P G S P E S P P 9 10 11 12 13 14 15 16 17 18 19 20
  5. 1 point
    Thursday 4/11/2019 My 1 year anniversary joining BBT!!! I had a well-being score of 4.5/10 this morning. But I made a decision to trade full size today again. Nerves still bad. I took one live trade today with MU . Again, like yesterday, I was staring at AAPL, TSLA and AMD since they were really setting up in the premarket, but again MU was the one with the setup. It was a nice “simple” 2min ORB setup. It had a nice small candle body with really good levels above it. It did a reasonably sized pull back and I went long. What made me nervous is the order flow seem to just stop right after I took the trade. It took over 30 seconds before the time/sales started moving again. I took my first partial (bad fill) at the HOTD (excluding PM) but it took about 90 seconds to get there, so my finger was on the sell-all button the whole time since I thought I would be S/O at any moment. Usually the 2min ORBs you reach your first target or get S/O in 30 seconds or less. Then I took my second partial just below the 42.43 TL. Then it just missed my 3rd partial (high of PM) by 1c. Then it bounced off the 42.43 TL 3 times which I use as an indicator for a reversal. I was about to exit out, but the 1min chart looked so bullish that at the 4th bounce I decided to take another partial and leave 20% of my shares. Which was good since it never reached my third partial target and reversed so fast I had some slippage on my B/E S/O. The forming 2min candle when I took the trade: Checklist: Then MU was creating a nice engulfing, but I needed to step away from the platform to “reset” my brain. When I got back setup was gone. But that is OK I really wanted to try trading SIM and see if there are any issues on the platform. I decided to count the mouse clicks needed to change my platform to Demo using the so called “no failure” way. It was 65 mouse clicks!!! And took a couple of minutes. Wow! Any way I then took three SIM trades without issue. I won’t add them to my journal except to mention they were all small winners (made it to 1st partial then retraced to B/E where I exited). I know they were SIM trades but I can’t remember ever taking 4 trades (Live or SIM) in one day and they all were winners. A good way to celebrate my 1 year anniversary! What I did good today: Didn’t get too caught up in premarket bias. Switched away from my primary watch-list when they weren’t setting up. How did I challenge myself today? Took a partial just because it felt like stock will reverse. What I did bad today: A little upset I missed my S/O a few cents. What can I do better tomorrow: Still need to work on my nerves. They are bad about 80% of the time. I can’t keep trading like this.
  6. 1 point
    This won't work for me. When i press sell (for a trailing stop on a long order), a sell order gets placed right at the current price every time instead of the trailing amount i entered (for example .30).
  7. 1 point
    3/12/2019 Didn't make the same mistake today like I did on $ELAN yesterday. $ROKU - Went short 100 shares looking for the ORBD. Got a move down and covered. Traded the P/L as usual. Could've squeezed more out of it, but didn't want to be greedy. This move was 1% of my equity. Signal: Close below VWAP and 9MA 5-minute. $MOMO- Price action at open squeezed up and closed above VWAP/9MA 5-minute. I took a similar trade long on $ELAN yesterday and got stopped out on a fade. I went short 100 shares this time taking it as the bulls couldn't hold the price up. I covered everything at the 20MA 5-minute (blue line) thinking the price action would bounce from there. Made the right call. $MOMO gave a nasty reversal opportunity later. Good entries at the 9MA 5-minute. $SFIX - I had the same mindset here like I did on $MOMO. Bulls couldn't hold the price action up so I shorted. I almost shorted at 9:40, but didn't feel like it was the right time. I wanted to see the close above/below the 9MA 5-minute first. If I shorted, I would've gotten caught in a nasty squeeze. After the price action didn't close below the 9MA 5-minute, I waited. When I did short, 75 shares with a stop above the previous candle. Figured if it would go, it would be now. Got a big drop, but covered too soon as always. Was looking for 35.50, but I thought that if the price action closed below VWAP, it could go to 35 or near the 20MA 5-minute (blue line). Went a lot lower. $DKS - Had it on my watchlist, but stop watching it after the trash action that it had. The price action straighten up later and offered a solid clean breakdown after close below the 9MA/VWAP 5-minute. Result:
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