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Showing content with the highest reputation on 05/02/2019 in Posts

  1. 5 points
    My elaborate setup with my new favorite movie .. based on a true story. No that's not my real setup, I use three watches. But seriously, I can't share my setup (currently building a new desk), so I thought I'd have some fun with this. I'll show myself out.
  2. 3 points
    Trading Challenge 3 - Positive This is gonna sound backwards to some, but even though I'm well off today, I'm disappointed in my performance. Misread two stocks ($CVS/$PCRX) and cut the best trade of the day off too soon ($RGEN). My technique went way out the door after making a great trade on $HRTX. I traded my P/L and said, "This is enough for me" on $RGEN versus scaling out and continuing to trade the chart. Since this is about the challenge, I missed out on a good chance of getting more points and profit. I feel good about the day, just not great. Hoping my performance gets points on the board today. $HRTX 5/1/2019 Went long 1000 shares after the first 5-minutes, but only got filled 200 shares. Price action POPPED! in seconds and I instantly sold everything because moves like that rarely last. I took profit just in case. Came back later with another long move looking for the 50MA 5-minute, but was too early and stopped out. My signal was the close above the 20MA 5-minute. Got back in after the price action closed above the 9/20MA 5-minute and went long 1000 shares. Sold everything at the top near the 50MA 5-minute. Scaling out was not on my mind at all today. $CVS 5/1/2019 After getting the close below VWAP and above the 50MA 5-minute, was looking for a squeezed to the upside. It came quickly and I sold everything at the 50MA 1-minute. Didn't trust it. Came back for a short 1000 shares looking for low of day. Figured it would wash out. After the price action closed above the 50MA 5-minute, I should have seen that as a sign to get out especially after the stall on the 1-minute. Stopped out for a loss. Was up a bit on that trade. $PCRX 5/1/2019 Was thinking a short on this trade after the price action failed to break VWAP and closed below the 9MA 5-minute. Also, was under the moving averages on the 1-minute. Shorted 100 shares during a pullback. Looking back on it, should have gone long with the price action holding the moving averages. Definitely a misread. $RGEN 5/1/2019 Blunder of the day. Watched this one at market open go up and down with small volume. I looked at some previous day charts and saw how it moves with low volume. I waited and almost jumped in short/long several times, but figured it wasn't time. Then after getting the close above the 9MA 5-minute, I went in 1000 shares thinking that if it's going to happen, this is the moment. I was also in $HRTX 1000 shares heavy too. Both popped up, but after getting out of $HRTX with a great exit, I looked at $RGEN thinking, this is enough. Also, I felt like the price action might drop. I should have scaled out or something. Disappointed myself on this one because the potential was huge. Result:
  3. 2 points
    Wednesday 5/01/2019 I had a well-being score of 5/10 this morning. Actually my biometrics said my well-being was better than that, but I was so groggy this morning I reduced it to a 5/10. Nerves were a bit high due to my double S/O yesterday. Took two live trades first with AAPL then AMD. AAPL was very much in play in the premarket with a large gap up, but the 8 minutes before open it gapped down a dollar. The first minute had huge volume and the second minute it was setting up for a “step” setup. Though the second minute volume was low compared to the first it was still over 400k which is very strong. Both the 1min and 5min chart looked very bearish. I waited for the price to break the 209.55 daily level I marked (which was still well with in the Boulinger bands) and went short. The price made it to my first partial, but after another minute I started losing faith in the trade and took another partial. Now I normally exit the trade well before the B/E since the price moves so fast near the open that I have to sell about ¼ to ½ a second before the price reaches my B/E so that I don’t exit beyond my B/E. But since I was saw multiple trades last week reverse right at my stop out I sadly sold right as it reached my B/E. Thus there was a 20c loss during the transaction delay and thus I gave all my profits back. What it looked like when I took the trade: 1min chart 5min chart My second trade was with AMD which was also in play from the premarket. It had a really good “Vish” setup with volume not dropping from the open. I waited for the break of the 200MA and $29 and went long. Got a good fill. I took a first partial where I wanted, but when the price reached my second partial (at the premarket high) I got a really bad fill and thus took the second partial at almost the same price as the first. The price retreated quickly afterwards. But I had not learned my lesson yet and instead of taking my exit at B/E I let it slide by a few tenths of a second also giving back all my profits. You can’t do that if you want to trade the open. I usually estimate where the price will be by the time the transaction is completed and sell ahead enough that I get the fill at the B/E price. This was sloppy today trying to do that at the open. What it looked like when I took the trade: 1min chart 5min chart What I did good today: Took two trades on good setups. I learned from the trades and I did get to trade for free today. How did I challenge myself today? Took an extra partial when I started to feel trade was going sour instead of waiting for B/E What I did bad today: Sloppy exits. Waited an extra few tenths of seconds that ate all my profit. What can I do better tomorrow: Go back to my usual method of keeping exits tight. Yes it hurts when stocks reverse on you the moment you stop out, but one must stay disciplined.
  4. 2 points
    I joined the BBT community late last year, and it has made my journey to becoming a trader much more meaningful. Learning to day trade is proving to be a daunting undertaking-- a roller coaster ride that leaves me bruised and scathed along the way. BBT has been a source of support and inspiration when I needed it most. Andrew is a breath of fresh air compared to other trading "gurus". He is more than a mentor- he is a "long-distance friend" whom you can joke around with while he doles out invaluable knowledge and experience. The culture he has built around BBT is one of respect and support. I have often felt encouraged rather than intimidated during chats. It is truly a joy plugging in to BBT everyday, and I'm proud to be a member of this community. Edit: I'm Mark A on the chatroom Current Setup: Desk: Ikea Linmon 59"x30" table top, VIVO Electric Stand Up Desk Frame Workstation Monitor: LG 27" 4k, LG 34" Ultrawide 2k, VIVO Dual Monitor Desk Stand Free-standing LCD mount Desktop: Dell XPS 8930 Special Edition Intel i7-8700K CPU 3.70GHz NVIDIA GeForce GTX 1080 8GB 64GB DDR4 Memory at 2666MHz 512GB PCIe M.2 NVMe Solid State Drive 2TB SATA Hard Drive Hotkey: Elgato Stream Deck 15 customizable LCD Keys UPS: CyberPower 1500 VA 900 Watts 12 Outlet UPS
  5. 2 points
    I have been following Andrews daily recaps for a long time, read his books and finally ended up joining his community ... I am a the newbie around here and feel that this is where I belong. Trading is much much more than the P&L at the end of the day !
  6. 2 points
    1-May-19 Like most traders today, I had $AMD and $AAPL on watchlist due to their earnings. $ROKU and $NBRV were also in my watchlist. At the open, I was watching $AAPL and $AMD and felt both were choppy. Atleast that's what I saw. I didn't see any pattern in the first 8 mins, so locked my montage and was checking other stocks. I saw $DIS making very nice ORBD, I felt FOMO. Then I checked $MU, it was setting up for ORB up on 5 min. I went long without checking 1 or 2 min charts. Price went against me and I got stopped out. I made 2 mistakes. I didn't check all the charts before entering the trade. There was a Shooting star on 1 min, just before I went long. It was a clear indication for price to go down, but I went against that. $MU was not at all on my watchlist today and I didn't prepare to take it. but I just jumped in due to FOMO. I should have never traded something that I am not watching. I did all the hardwork premarket to prepare my watchlist and completely ignored and entered another stock. This is bigger mistake. I should remain patient with the stocks on my watchlist. $AAPL, $AMD, $NBRV all traded beautifully. I missed out. I wasted my one trade for today. My share size was 100, and I was down 18$ at the end of the day, including commissions.
  7. 2 points
    I have been learning from Andrew and the BBT community for around 6 months and I'm very happy with the information and the level of support, overall an amazing experience. Would definitely recommend it for people that are serious about trying to make an income with trading.
  8. 1 point
    I went live January 2nd and i'm going to try and update every day i trade. The eventual goal is 1000 share trades. From Robert H's advice, i'm starting with 100 shares per trade (100 max, depending on the auto share calc hotkey) and working up from there. i move up a level every when i hit my min profit goal 5 days in a row. stop is the max amount i'm willing to lose in a day. Current level: 100 shares. Every trade is graded on a point system (out of 4) as follows: consistent winning rules is a little subjective on my part. one example would be getting out of a trade because i'm uncomfortable but not because of the price action. Current Risk Settings (DAS risk settings): Max Loss (Per day): $36.00 this includes commissions. Position Unreal Loss $10.00 not including commissions. I use Kyle's hotkeys to auto calc share size based on predesignated risk levels. any feedback is appreciated!
  9. 1 point
    Hey BBT Family! We like to promote our community in a very unique and genuine way and what better way to do that than showing our BBT member's Trading Stations! We would like to kindly ask you to post a picture (in this forum) of your trading station set up to promote it on our website and social media. To appreciate you taking the time to do this, we will enter all submissions into a sweepstake to win a laptop from BBT! Below are the simple guidelines: Show Andrew's Book(s), or Brian's book, or BBT Logo, or Website in your background to show others is authentic to our community. (BBT LOGO HERE) Send us a brief message we can use as a testimonial. Yourself! This one is optional! It will not decrease/increase your drawing chances, but we love to show our awesome diversity at BBT! Below are some examples you can use as a reference. You do not need luck in trading just hard work and dedication but for this random drawing, you will! So Good luck!!!
  10. 1 point
    Great recap. What is your trade limit per week? Is this to stay under the PDT rule?
  11. 1 point
    It takes an a lot of discipline to stop after one trade especially if it is loss. It took me almost 4 months of pain to teach myself how to do that. That was not an easy task you just accomplished.
  12. 1 point
    2.May.19 Today I had $SQ, $AMD, $MSFT & $TSLA. $SQ had earnings and $TSLA some news on Funding. I don't trade $TSLA as it is so voltaile, just watching. $MSFT had gapped up a little bit. I noticed a gap in the daily (check the daily chart below) sometimes price tends to close the gap during the day. I have seen Andrew, Norm and William trade this setup or atleast mention it in the BBT chat before. There was 9MA on daily and once that is broken the price may come down to close the gap. I was short $MSFT at the breakout of 1min candle. Got stopped out. Price struggled to go higher, candle closed below VWAP. I was confident and went short again, got stopped out again. I didn't have any more trades left this week. Later in the day at 10.15AM hanging man appeared on 5 min and then the price dumped to the target level of $125.88. My setup was correct, I felt my entry was Ok too, but the price bounced off at 9MA level (127.13) twice. Then setup occured later in the day. If I was around and had the option I would have traded this again. Good point: Good analysis and follow up. Improvement: Broke the rule that I won't enter the trade in the first 3 mins. Result: another red day. $40 down. I think the candles may not be so much relevant on 1 min at the open (as the volume can override the setup - in otherwords choppy). I should trade ORB quickly and leave the trend setup for mid morning. There is always pullback.
  13. 1 point
    Thursday 5/02/2019 I had a well-being score of 5.5/10 this morning. Nerves were OK. Took one live trade with AAPL. AAPL looked in play in the premarket, though with a little gap. AMD was also active so I was trying to keep my eye on both after the opening bell. Then AAPL was setting up. Though I was taking the setup as a “Vish” the top wick was large showing no real direction. Plus, the target was only 50c away and the only really S/O point was also 50c giving it a R/R=1. So instead I took a really tight stop. I went long when it broke $210 and used VWAP as my stop. This would trigger a share size of 300, but since this was not the best S/O level I cut my shares in half. I had a good feeling if it could break the $210.25 level it may run since that level has been good resistance for the last 20min. I wasn’t too worried that the 50MA was standing in the way. AAPL doesn’t seem to respect that level so close to the open. I took my first partial at HOTD and my second when the price stalled 210.40. Then my third partial at the 200MA. My next level was at 210.93, but that seemed too far away so I did take a partial halfway to the next level. Then it reached the 210.93 (a level I marked in the premarket), but I didn’t realize how few shares I had left so I took another partial. Then I realized how few shares I had so I exited on the first sign of weakness. When I took the trade: 1min chart 5min chart What I did good today: I had a trade that finally ran this week. I just need one trade like this a week and it makes my week. How did I challenge myself today? Took a trade without a perfect candle setup, because my instinct said to take it. Twice this week I have done this and they both worked out. I don’t know if this was luck or I am starting to get better instincts. I need to collect more data. What I did bad today: Took the trade without a rock solid S/O level. Also lost track of the number shares I have left when I was taking partials. What can I do better tomorrow: Need to setup a plan how to take a trade with secondary S/Os. I think it may be OK, but I should think it through first and have a plan ready instead of figuring it out during the trade.
  14. 1 point
    Andrew, Your humble and truly sincere approach to day trading motivated me to make a life change and, with God's help, here I am! Greg D (Go AZ Wildcats!)
  15. 1 point
    It took me 2 weeks (a trial subscription) to realize that BBT is indeed a community of serious traders. No gimmicks, no empty promises, no BS. Just valuable info and an enormous support of the great community. I'm just in the very beginning of my journey, and BBT makes it easier to cope with ups and downs. And god knows there are many of those in this business. Can't thank you enough for everything!
  16. 1 point
    Thursday May 2nd, 2019 Sleep: 7 hours. Mood: ready to trade. My low win rate this week is making me nervous. First trade of the day was a ORBD in TSLA. i wanted to get in at $244 taking 10 shares and risking $245. With the spread being as wide as it was, i only got filled 5 shares so i tried to add more at $244 and did a little better ending with an average of $243.21. I had to go to a meeting on short notice and i put in my $10 stop which was way too close for how the stock moves and i got stopped out. i would have got stopped out of my original order too. right after the stock moved right to my profit target as it does most days after i get stopped out. emotionally my head is just not in it. i saw the QCOM trade to the long that would have been great and the UAA trade to the short that would have been great but i'm just paralyzed by fear now and i'm not taking any entries. gave up for the day. GOOD: original plan would have worked had i got a better entry. RFI: stop loss too close, too early on the entry per usual. MOOD: so tired of losing money every day. I've graduated from losing money at $30 a day to $10 a day. just frustrated all around. CONSISTENT: got out at my stop. What i did good today: didn't take any trades after my first loss. What i did bad today: trading when i know i'm going to be busy and not focused. What can i do better tomorrow: take good trades. work on your fear of losing money.
  17. 1 point
    Hey guys, I have been live trading for almost 3 weeks. I have started just after the first challenge. The challenge gave me a confidence to start trading live. It has been a very difficult journey and the one I would never be able to continue without constant support from BBT administrators and members. Although Andrew was an inspiration for trading I could not trade without Carlos's and Norm's premarket show, RobertH rants and Kurt's and William's recaps. You guys are the core of BBT and thank you for continuing hard work. MachoMachoMan
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  21. 1 point
    I have been swing trading for a while and am currently starting my day trading journey. Andrew's books (via audible) have led me to discover this community. Joining BBT has not only given me optimism and orientation, Andrew and the other moderators are also incredibly helpful and serious about wanting to actually teach people how to become consistently profitable traders. I joined as a lifetime member now and can't wait for what is to come on this journey. Thanks guys, here's my setup.
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  25. 1 point
    Today was very tough day for me. Not my worst day, but I didn't follow my 3 trades max rules, not wait for good entries ans didn't be patient to wait the setup to be really good. Today I disapointed myself because I worked really hard and I mentally prepared before each trading session and eveen break my rules and not trading good. Sorry if that sounds depressed, I'm not, but I really struggle and be disapointed, in the last 6 days I dont have any positive days and struggle to get some positive trades, so it's hard times. Tomorrow I go back in sim. For today I will only put the screenshot of my trades, I will go running before I quit for work. If you have any comments or advices I will appreciate.
  26. 1 point
    Wednesday May 1st, 2019 Sleep: 7 hours. Mood: good, ready to trade. didn't like anything for ORBS today. HRTZ looked promising ORBU but the spread was 10+ cents and i felt too nervous to mess with it. it turned out to be a good one. then it made another nice ABCD that i missed as well. oh well. So i noticed AMD did a double bottom at around $28.30. Thought it would be good to try and take it to the long side. I liked my entry at the MAs but the whole trade on the 5min wasn't great. i got too caught up in the 1min chart and hoping for it to break to the upside. it did break to a new 5min high but then it came right back down a minute later. it hit my stop and i waited for the candle to close, it came back up to my entry but then right back down. I got out right on plan so that was good. hindsight play by play, i'm fine with the initial trade idea with the exception of my profit target should have been VWAP and that would have been a bad R/R. Should have got out with that 1min rejection on the break and probably gone short on the new 5min low but that's easier to say after the fact. i thought about getting in on the short side but it was more about revenge than the trade so i got up and got a cup of coffee instead. GOOD: good entry at the MAs. RFI: R/R actual to the VWAP was bad. should have been short focused below the VWAP. no setup, too far from the bottom for a double bottom. MOOD: good. not happy for the red day but it's not bad RFI: should trade more off the 5min chart than the 1min. What i did good today: i was very picky about my trades. What i did bad today: too focused on the 1min, need to trade off the 5min. What can i do better tomorrow: take trades based on the 5min, entry on the 1min.
  27. 1 point
    Hi, I am really happy that I joined BEAR BULL TRADERS community. I tried roughly 10 different chats in the past 2 years, and nothing compares to Andrews room. Everyone who is on microphone during the day are very helpful. The most important thing is that I became a consistent trader. This community provides the best tools, educational content and a support. I am a member for life. Thanks! Sincerely, Stockoperator
  28. 1 point
    A lot of people get into day trading with very unrealistic goals which is why most traders fail. It is important to educate yourself before putting your money on the line. Unfortunately most people including myself learn the hard way, it takes some losses to realize that becoming consistent is the key to becoming a successful trader. Andrew's books and his chatroom have definitely helped me and made me a better trader.
  29. 1 point
    We 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]
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