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Showing content with the highest reputation on 06/04/2019 in all areas

  1. 2 points
    Monday June 3rd, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade of the day was a 2min ORBU in AMD. definitely got caught in the FOMO on AMD. went full share size and got auto-stopped in about 30 seconds. ok not that big of a deal, the setup was ok, i didn't like the $29.14 level that was the current HOTD but all in all i think the setup was fine. I meant to put a stop at the $28.85 level but i was having hotkey issues and i didn't want to miss the trade (bad!!!!) and i ended up getting what i should have on this trade. GOOD: setup RFI: position size too large for the moves AMD is making today MOOD: fine CONSISTENT: nope, froze when i should have got out and had the DAS stop catch me. broke my rule of taking 1 loss on ORBS in a day by taking a 5min ORBU in AMD. this one did go to 2R but i absolutely butchered the exit, getting out 75% before 2R and partialing way too much for a 2R trade. so still down for the day but only slightly. Not at all happy with my trading because i should be up 1R on the day at this point but i was down instead due to my botching the exits. GOOD: setup was still there. really good entry. RFI: terrible exits MOOD: ok CONSISTENT: no, did not follow my selling strategy. Next two trades were the worst of the day. i went long in AMD on a new 2min high for an ABCD on the 5min chart but i couldn't break a new 5min high and made a doji on the 2min and a new 2min low so i bailed for a 0.5R loss, again too big of a postion size for AMD today, it's really moving. i would have got stopped out for a full loss had i not got out when i did so in that respect it was good. GOOD: got out before stop RFI: bad/no setup. FOMO MOOD: greedy and emotional CONSISTENT: yes, got out on price action Then i decided that it was now a short because it wasn't breaking higher and I got in on a revenge trade that I, of course, held past my stop for an auto-stop loss. GOOD: auto-stopped out RFI: no setup, revenge trade. MOOD: emotional, greedy, just trying to get a win CONSISTENT: no. Then i got in one more time on a 5min ABCD on AMD. this time it did make a new 5min high. thankfully, i realized how crazy my trading was and i calmed down and set a range order at my stop and a 5R profit target because i still believed AMD was strong and going to move higher, huge asks the entire time and volume on the upticks. it came back down to my entry but otherwise didn't give me any trouble all the way up to 4R when i decided it was crazy not to take any profit so i got out 75% at 4R and then the last piece on a new 5min against my position. this trade single-handedly put me in the green (barely) for the day. GOOD: good setup, entry and great R/R RFI: got in too early, guess instead of waiting for confirmation it was moving higher MOOD: exhausted and disgusted at my trading today. CONSISTENT: yes, stuck to my plan with modification for price action. I really made a Christmas tree on AMD today. I can tell i'm getting better, if only slightly, because a day like today a month or more ago would have been a max loss day but i managed to pull it together and come out slightly green. What i did good today: stopped trading after i was up because i realized how crazy i was begin What i did bad today: FOMO, greed, emotional entries, over trading. that pre-market run-up in AMD just broke all my fuses lmao What can i do better tomorrow: have to keep emotions in check at all times. also, need to realize when I've had several days of good controlled trading i'm at risk to lose it and make some emotional trades.
  2. 1 point
    June-2019 - DASTrader Challenge - BT I have enrolled into the DAStrader challenge. This lasts for a month 3-Jun till 28-Jun. My main purpose of enrolling are I want to try out my actual Live Trading Strategies and Rules and identify the gaps. I don't have too many rules at this stage and so it can also help me develop some new ones. I am going full size for this challenge and see how my nerves are (though this is SIM, I will try to treat it as 'Live' as much as possible). Since I am under PDT rule currently and have only 3 trades per week, I can take more trades thru this challenge. In short this is a pilot for my actual Live, which may happen soon. Of course, if I win this there are benefits My Main strategies are: ORB (esp 3 candle setup) Harmonious charts (esp at ATL or ATH) Double bottom with hammer at support. Other strategies I use with reduced share size. RobertH the Great reversal MA bounce (esp 50 and 200MA on higher timeframes) Candle reversals - Hammer, Shooting Star, Inverted hammer, Hanging man My Rules are: Only one trade at a time. Stick to my StopLoss: Don’t trade within 2 mins: Max 4-5 Trades per day, but mostly 3 trades. If I hit my target then I reduce my share size to 1/10. Risk per trade $250, max loss per day $1000. I am taking fullsize, so I will use upto 75% of my BP (100K) for a trade, this is atleast 10 times more than my current Live trade (200 shares Real vs 2000 shares in the Challenge)
  3. 1 point
  4. 1 point
    I'll be attending this as well! See you there.
  5. 1 point
    June 3, 2019 - $AMD (Stop, Partial) I was not confident, even when I took a couple of good entries, my emotions were not in check, so my profit taking plan was not good. I missed an entry on $TEVA, along with seeing $AMD shoot through the roof in the pre-market, I just had a whole lot of FOMO that was causing issues with my execution of the trade. Sample Set Results, S P P P P S P P S G G P P P S P 17 18 19 20
  6. 1 point
    Hey guys, just few words to let you know I'm fine, my trading works good. I actually not posting my journal because I'm redefine my process and some of my trading strategies, I take a little step back to come back stronger. I thank all of you for support and advices, specially @Mike B, @Rob C, @Mark D., I'm not quitting trading at all I just need a step back to focus on the process and searching for the best way and style to me. I hope you guys doing good and I will still be in the chatroom and read your posts.
  7. 1 point
    Hey guys, I don't have FB anymore so can't confirm my attendance to the meetup. But I'll be there.
  8. 1 point
    i'm in no position to give advice either! I agree with all this, hiding the unrealized window really helped me and as an additional note, DAS risk controls on both unrealized position and total realized for the day keep me from hulking out. i don't like having to use them but that's the reality of the situation.
  9. 1 point
  10. 1 point
    Forget about the goal, work on your process and results will come. My setup, kinda improvisation desk, still just 1 extra monitor. My seat is a second hand embody chair, I like that one
  11. 1 point
    Risk and uncertainty is part of trading the markets; however, I am certain that deciding to become a Bear Bull Traders Lifetime Member was the smartest investment I've ever made. As a new or inconsistent trader, joining the Bear Bull Traders community will too be the best investment you make for your trading career.
  12. 1 point
    Converted a typical closet into a trade station. I added a 'peel n stick' wood wall paneling and installed a 3 pot-light lamp above with dimmer switch.
  13. 1 point
    Two computers with eight monitors. My primary unit has six monitors and the laptop has two screens. I usually watch 8 stocks that are in play and six secondary possible continuation stocks on the overhead 2K 37" screen. I have three montages. One screen for watching the $SPY, market clock, and network connectivity to DAS. The outermost right Dell monitor is for the chat room. The laptop is my hot backup with CNBC and other news feeds. I have a Bluetooth headset and a wireless mouse. I custom built this workstation. It is basically a gaming machine. Here are the hardware spec: Intel i-7 6700K @ 4.00Ghz 64 GB of DDR4 3200 RAM 500 GB SSD NVIDIA GTX 970 with two additional USB to VGA ASUS Maximus VIII Hero ATX motherboard Intel 10/100 NIC TV stand:: Amazon ASIN: B07581Z9SM Two monitor stand:: Amazon ASIN: B07MC9YX63 I believe Andrew Aziz is a very rare person because at his core he is a teacher first, daytrader second. He is passionate about changing people's lives for those who would apply his knowledge and instructions. He is the second person I have met in person that operates his business at an incredible level of integrity. The other person with strong integrity is Dave Ramsey. Every morning, when Andrew is not summiting a mountain, he shares transparently over 15 years of knowledge only gained from an unforgiving market that does not hesitate to trap money from an unsuspecting new trader. I have watched for over two years, an excess of 500 videos of Andrew and his team's trade recaps. Andrew and his team's success is that they trade the same set of strategies that are described clearly in his book. You can be suspicious of a strategy if only one person is successful at it. You could still be suspicious of his team that trades the same strategy. If you want, you still can be suspicious when members are successful using Andrew's strategy. However, when you combine the number of trades taken by all the traders over time, the evidence is demonstrating counter to your belief. Bruce Lee said, "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."
  14. 1 point
  15. 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!)
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