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Traders from Venus: Loses are fact with no escape. One said " When you know what not to do in order to not to lose money then you will begin what to do in order to win" so trade smart with no fear! Money will follow you Above is my laptop work desk converted into trade station. Had it setup this week! Went with basics what was recommended in the BBT community site which is good enough to get the job done:)

Friday May 10th, 2019 Sleep: 8 hours. Mood: good, ready to trade. took and ORBD in JD. got in late but it's better than being early and getting stopped out. I risked the 200 MA on the 1min to 2R. Sold the first half too early and almost all the rest at my profit target. saved 12% of my shares for the $28.27 level that missed by two cents. then i stubbornly held my last shares to break even. i need to stop doing that, it's just not worth it. GOOD: good setup, good R/R, selling for the most part was good. RFI: held my last piece through two new 5min highs instead of just getting out. MOOD: good CONSISTENT: yes. Done for the day. that's a good day for me and i don't want to mess it up with trying to catch more moves on Friday when it can be really choppy What I did good today: took only one trade on a setup. What i did bad today: held my shares through new 5min highs being hopeful instead of logical What can i do better tomorrow: get out of all your shares at 2R or better.

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My Plan to Trading Success: Background: One of my friends from German language class recommended Andrew’s book on ‘How to Day Trade for a Living’. After reading the book, I joined the BBT community in Oct’2018. I was on SIM for 3 months, completed the first BBT challenge. And finally I went live on 8thApr’19. I am new to Trading and hoping my journaling and feedback from fellow members will help me improve. My preparation before going Live: These are the books I read before going Live, apart from the BBT classes. It was very important for me to learn as much before going Live. Also, I read these books in the order mentioned below. I also listened to the Youtube audio version of Trading in the zone, the week before going Live and I must say that it helped calm my nerves a bit during the Live week. -How to Day Trade for a Living by Andrew Aziz - A Complete Guide to Volume Price Analysis by Anna Coulling - Advanced Techniques in Day Trading by Andrew Aziz -Trading in the zone by Mark Douglas -The 1 Hour Trade by Brian Anderson Strategy & Goal: During the first year(or 9 months) in 2019, I don’t have any target to make. My primary goal is to gain experience Live trading, to be emotionally stable when things don’t go my way and manage positions to my plan. And achieve all this limiting my loss. Good thing, I have control over how much I can lose, so I have decided to keep 100$ per week that I can lose (ie. 4000$ till end of the year). This is the max amount I will lose to the market, nothing more. This is not ‘Scarred Money’. It is something that I am paying for my experience. If I make any money along the way, then it’s good. It doesn't mean I dont want to make money, it just means, I am not in a hurry to make money. But I do plan to make a lot of money from trading may be a million $ some day. I also have the following measures to limit myself at the beginning of my Trading. Funding Account: I am not funding my IB account fully. I am doing it in 5 small transfers (roughly one each month). This limits my buying power during the initial months. Even if I make a DAS mistake I can’t buy more shares. As I improve my trading I start funding more. Under PDT rule: This also means, I am under PDT rule, and can make only 3 trades/5 days. This prevents me from overtrading. I am also extremely picky as my trades are limited. I think being picky is a very good habit in Trading. Stocks to trade: I don’t trade $TSLA, $NFLX which are very volatile. I trade $AMD, $MU and other Stocks in Play on a particular day within my price range ($15-$30) and not very volatile. I trade high priced, volatile stocks in DAS simulator or TradingSIM to feed my FOMO. Share size: I trade 50-100 shares per trade, depending on the Stoploss and volatility of the stock. I am not using my Margin from IB, but only Cash that I have funded. As I improve my trading skills, I will slowly increase the share size. Risk Control: Within my 3 Trades a week, first one I give it $50 Loss, 2nd and 3rd one $25 each. But because of my small share size and stoploss, I am well within my allowable losses during initial months. This is second level risk control. Rules: Only one trade at a time. This was my main issue in SIM. I get into multiple trades in SIM and end up in huge losses. Even if the action goes my way, I am unable to exploit it to my advantage as I am unable to follow my profit plan. Stick to my StopLoss: Many days in SIM, I had ignored my Stoploss and ended up in huge losses. Then I make some good trades and reduce my losses. End of the day, It gives me a feeling ‘If only I had respected my StopLoss I would have been green’ Don’t trade within 3 mins: My rule is not to trade within first 3 mins. But if the setup doesn’t exist, then I must wait till 5, 10 or even 15 mins from the open. Trading Style: I prefer VWAP trading (VWAP pullback during ORB, Reversal & False breakout after 10AM). I also like to trade 50/200 MA bounces especially on higher timeframes. I am not good at MA cross reversals. Quote I need to remember while Trading: "You will regret more about the STOP you didn't take than the one you took early"

Very nice Trade Sheela. And you are right, the Higher Highs confirm the continuation of the trend, esp on the 5 mins. Also note that on the 1 min, candles 4, 5, 6, 7 and 8 are forming a flag pattern, when the 9th candle breaks the flat top, with increasing volume, then it's a good indication to go long.

I just purchased a Lenovo P330 tiny that supports up to 6 monitors on 4k. The cost is about $1k. Make sure you select quadro p1000 graphics. https://www.lenovo.com/us/en/think-workstations/thinkstation-p-series-tiny-/ThinkStation-P330-Tiny/p/33TS3TP330X

Vikram.Aditya, Adding to your comments, below is what I see. I took this trade today along with the most of us in the group. I have 1min/2/5 and 15 which I don't use much. But 1/2/5 are being very helpful so far. From below, 1Min chart it has 2nd(31 Min) and 4th(33 Min) are very bullish candles confirming with the bullish volume on pushing the price higher. After that it got into consolidation and got into bit choppy. That is when I look into 2 min chart, if that does not support then wait for 5 min chart to form and look for better confirmation. From below In 2Min chart I see the second candle(32 and 33 min) is making higher highs and higher lows with bigger bullish bodies and wicks at the bottom which confirms the price action is pushing higher. And later it formed little pullbacks for entry if missed at the second candle on 2min chart. But did not thought the price action would extend that far. It was good trade today, stay green

Manual, i use an excel sheet that i made that i fill out for every trade. i also use Edgewonk that i fill out out manually as well. i like filling it out because it's a lot of work to log more than 3 trades so its a way to prevent me from taking too many trades in a day.

This is an example of my well being calculation from a previous morning (during winter). My Garmin (watch) informs me of the first 6 categories on the table. Fatigue level is self determined. I did have a headache that morning but that is unusual. I won't see a good score >7 until late Spring. My well-being score will be higher in the summer with the warmer weather and more opportunity to workout.

09.May.19 Today is a Green day. It is getting very difficult to choose which stocks to watch, as there are so many in the watchlist. I picked $OXY, $ROKU, $BYND and $AMD to watch. I traded $ROKU. I saw the three candle formation setup in 1min. A White (or Green) candle followed by small red candle (at the top half) followed by another white candle. When the third candle breaks the high, it is a setup for Long. I took it long and Partialed after few cents. The price was too volatile (1min candle was 2$). I didn't like how it traded, so got out immediately. Though the price didn't hit my stoploss, the price swing was too much for me. Of course, after that the price moved 10$, but I am not regretting my exit, I made my target for the day. Entry 72.2, first partial 72.8, final partial 72.54. the first candle on the 1min chart is a hammer. This is after a downward trend in the premarket. Usually this results in a bullish trend. But I was not watching the premarket closely and missed the first candle. May be I should spend the 5 mins before open watching the stocks. Good: I was watching very few stocks as planned yesterday I saw the 3 candle setup and immediately jumped in, no hesitation. I exited the trade, when I felt the price swing was too much for me. No FOMO or revenge trading. Improvement: I wanted to do better partials, but today I couldn't test this. May be even better entry.

Just started to day trade in January this year. Got to say, Andrew’s books are like a torch that clarifies the world of daytrading for me. Along with all the videos made by members and contributors of BBT. Thank you so much for being so open about sharing your knowledge! God bless! Here is my VERY humble trade station. There isn’t enough time to juggle a day job, trading and workout when US market opens at 830pm local time. Hopefully the only thing I’ll be losing is the extra pounds.

I've been a member of Bearbulltraders since October 2018. I read Andrews first and second books in September along with a few other ones and I am really glad I did, his books are well written and well thought out and really gives you the tools and basics and most importantly rules and setups. I then wanted to join the community and see what real trading was like, I didn't even have a platform or setup yet, it took me about a week to realize this was not fake or a money making scheme. I then knew it was going to be something for the long haul and so it made sense to get the lifetime membership and so I did and I have not regretted it since. This is definitely not a get rich quick type of deal, it takes hard work day in and day out, but the people in this community are there to help and make it easier and they have! There is so many people I want to thank from Norm, William H, Robert H, Carlos, Brian, Abiel, I'm sure I'm forgetting people and of course Andrew who of course without him, none of this would be possible. Thank you guys so much! -Seth Aldrich