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Showing content with the highest reputation on 04/22/2019 in Posts

  1. 2 points
    4/22/2019 Preparing for the trading challenge. Think I'm in a good place mentality for it. Got chopped up by $MSCO and lost my gains. Almost got caught in a nasty wash down as well but stopped out before that happened. Kept trying to catch the move down and after two attempts I left it alone. Still working on my sizing, but definitely on the super upside today. Made some great trades, but also cut some off too early. $SQ 4/22/2019 $HAL 4/22/2019 $MDSO 4/22/2019
  2. 1 point
    Monday April 22nd, 2019 Sleep: 7.5 hours. Mood: happy for the long weekend to clear my head. ready to trade. first trade of the day was a ORBD in AMD. i waited for a pullback to the MAs on the 1min chart and got in. got out a minute later on a new 5min high towards the 200 MA on the 1min. it was at about half my stop loss when i got out but since it made a new 5min high i didn't want to stay in the trade. i should have waited to see if it was going to pop and a new 1min low before getting in short. it didn't matter either way, it ended up going higher. GOOD: got out with a small loss. RFI: too early on the entry. MOOD: good, happy to limit my losses. CONSISTENT: yes. last trade of the day was an ABCD in AMD. I wasn't watching when it made a new 5min high at 10:15 so i missed the first push. i got in at the moving average on the 1min chart. i put my stop loss too wide and though i sold at the profit target, i didn't make much money on the trade. i got spooked out of my last 25% on the spinning top to new 5min low. i should have waited to see if the previous day high was going to provide support. GOOD: sold at profit target. got a great entry. RFI: risk level was too large. i was hoping to get in at or around PDC but i should have used that for my stop loss. MOOD: good, happy with trade, otherwise. CONSISTENT: yes. Happy with my trading today. limited my loss on my first trade and my second trade had a great entry. i'm probably a little in the red with commissions but all in all a good trading day. What I did good today: emotional control on both trades was much better than last week. What i did bad today: too wide of a stop loss on my first trade. What can i do better tomorrow: need to adjust your stop by what the market is saying, not what i want it to be. Other comments for tomorrow: Keep working on emotional control and making good trades.
  3. 1 point
    Monday 4/22/2019 I had a well-being score of 5/10 this morning. Nerves were a little on the bad side, mainly due to a double S/O on Thursday. Took one live trade on AAPL. I wasn’t too crazy about much in the premarket, then just before open AAPL reached 120k shares and 0.5% gap which is enough to call AAPL in play for my setups. I was looking at MU and AMD after open as well, but AAPL is the only one that setup. AAPL had a really good “Vish” setup when it broke VWAP, but there were too many TLs near it to take the trade. So I waited for the price to clear the other TLs, but then the trade becomes a “step” setup which normally you have to wait for the finish of the 2min candle, unless there are really strong TLs to break. There were three TLs, a daily TL, 1min candle wick and 50MA all at same price. That was too powerful of a combined level to wait, so I took the trade when it broke all of those 3 levels. What AAPL looked like when I took the trade: 1min chart 5min chart Checklist showed a very strong setup: There we a lot of good TLs to take partials on. The first partial was on the high of premarket. Next was the 203.39 level, then I usually take partials at the half dollar, which I did. Then another partial at the next level at 203.87. At that point I had so few shares left that I exited at the next level $204, which happen to be the peak of the run. Since I got more than one dollar from AAPL I was done for the day. What I did good today: Was able to adapt my setup for what the market gave to me. How did I challenge myself today? Correctly took partials on all the correct levels. A lot of emotions to take or not take the partials since there were so many levels. What I did bad today: Had chart configuration issues again. Just noticed right before opening. I should have checked an hour before. What can I do better tomorrow: I need to keep working on my chart configuration. Unsure why it is not stable. Need to find issue and resolve it quickly.
  4. 1 point
    Glad to hear it. Same thing with me. SIM is really good for testing out strategies, but I never felt that it helps with psychology. I think it teaches me poor discipline. So I shy away from using it.
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