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Showing content with the highest reputation on 06/20/2019 in all areas

  1. 2 points
    Thursday June 20th, 2019 Sleep: 7 hours. Mood: good, ready to trade. First trade of the day was a 15min ORBU/ 2min wedge on ORCL. i made a hotkey error and got in for 100 shares when i meant to put my stop at a new 5min low and get about 33 shares. I didn't immediately panic so that's good but i ended up selling half at 1R and another 25 at 2R. While i was in the trade, i felt really good about it but i was all screwed up on my profit target that i decided to bail on a 5min engulfing when it came back to my entry. that turned out to not be the right thing to do. looking back on the trade now, there was nothing on the charts that said bail on the trade and i could have just held all the shares and sold for a 30 cent profit on the whole deal and had a good day but instead i just butchered it to a 1R win with 4dollars in commissions. GOOD: good setup and entry RFI: positions size caused me to panic and butcher a good trade MOOD: upset with my trade management CONSISTENT: not at all. Last trade of the day was an ABCD in AMD. i was long biased AMD and i was hoping it would really run if it could break through the PPDH. i got in on a pullback to the MA on the 5min chart after a bull flag. i was hoping for an ABCD with an entry on a new 2min high. It did end up making a new 2min high but then immediately engulfed the next 2mins instead of making a new 5min high and i figured i would get stopped out but i stuck to my plan and got stopped out. GOOD: waited for a pullback for an entry RFI: got in anticipating the move and not waiting for confirmation. MOOD: ok it is what it is. i knew it was a risk to preempt the trade so i'm accepting of this loss. CONSISTENT: yes, stuck to plan What i did good today: great setup and entry in ORCL. What i did bad today: butchered my exit on ORCL and preempted a move in AMD that did not work out. What can i do better tomorrow: watch the hotkey errors and only take ABCD setups you see on the 5min chart on a new 5min break. don't try to get in early.
  2. 2 points
    19.Jun.19 - DASTrader - BT Green Day. I had $MU, $FB, $TSLA, $MSFT and LF/LP $MLNT & CHWY on the watchlist. Trade1: $MU. MU was strong on the daily coming from double bottom, I thought. At the open price dumped, I took 5min ORB under PCL. I was not comfortable to take an entry so far below the VWAP and MAs. I got out. Price dropped to 2R and bounced back. Entry - $34.16, Stop - 13c ($34.29-PCL), Exit - $34.2. Price reached 2R before bouncing back. Trade2: $MLNT. Almost Perfect Trade. Main trade. $MLNT is a Lowfloat stock (<20Mn flt), it had +ve results and so gapped up premarket. At the open price fell down. Slowly came up above the MAs with volume, and I took long once the price opened above MAs/VWAP. Huge candle and I partialed completely. Stock was halted after that. Fallen Angel setup. Worked for me everytime, A++ Setup. Entry - $4.34, Stop - 30c, MFE price - 4RR, although it is difficult with the volatality of the stock. Good: On $MU, I thought the Entry was extended, so got out immediately, which is fine. Nice Entry on $MLNT for the fallen angel setup. No more trades. Learnt that one such good trade is enough to meet weekly target, so cut your losses. Improvement: $MU, take a moment to think before entering, sometimes even exiting imm may cause big loss due to slippage/spread.
  3. 1 point
    20.Jun.19 - DASTrader - BT Green Day. I had $MU, $INTC, $ROKU, $AMD and $CRON on the watchlist. Also $ARQL which formed Tripletop on Daily at $10. Trade1: $CRON. Looked strong on Daily above all the MAs. I thought it was going to pop at the Open. After the candle with good volume pushed thru all the MAs and VWAP, waited for the candle to open above Support and entered. Volume was really low on $CRON (<1M) so the spread and slippage was very bad and bit volatile too. After my Entry, price consolidated, I felt my entry was too far away from VWAP(15c) and so got out. The Doji on the 6th candle also worried me. I knew better entry would come. Trade2: $CRON. Price came close the VWAP and I went Long again. This time my entry was close to VWAP (which was my Stoploss 8c) so I was comfortable. This is just my strategy and I am comfortable playing this, not sure if this is entirely recommended. Although i had some loss in the first trade, I had good move on the 2nd one. Took 80% out at 2RR, then put range order for 3RR and 5RR. Since it was harmonious thought $CRON would move $1.50, but it reversed and I got stopped out for a small profit on final one. This is also 3C setup on 5min and a confirmation for 15min ORB. Almost Perfect Trade Entry - $16.32, Stop - 8c, Exit - 2R, MFE price - 6RR Trade3: $MU. Thought $MU was strong on Daily above 20MA. But it dumped at the open almost one $. Pulled back to VWAP, I went Short, price turned against me and I got out. I had an opinion that $MU was going to pull up anytime above VWAP, so got out quickly. After my stop price went up 1c more and then continued to drop. I could have reduced my share size, which would have probably allowed me to continue in that trade. Good: I hardly had any sleep last night, but managed to Trade ok today. Got out after realizing my Entry wasn't ideal in $CRON and the Price action was not strong immediately. Realized the average volume at the open for $CRON and adapted to it. Improvement: Should have reduced my share size on $MU, which would have allowed me to continue on that trade, would have given me 60c move. After the first 90mins after the open, I am not willing to take any trade whatsoever. I need to see if this will workout long term, May be time to practice one of the Reversals too.
  4. 1 point
    Thursdays 6/20/2019 I had a well-being score of 8/10 this morning. My nerves were OK. I took two live trades with FB. But, first another update on Centerpoint. So I asked Centerpoint to turn off the BBT deal so I can choose my route. So I know the comm is now min 0.95 and Comm+ECN=0.00732 (for the FAN route) compared to the slower route BBT deal (.35 min, .005 for comm+ECN). I tested the route (and my hot buttons) in the premarket and the FAN route worked fine. Then I tried it at the open. My goodness, it feels like I am back in the sim. With CMEG, after you place the order, you see a hollow triangle for the order for a couple of tenths of a second before the solid entry triangle appears. With the slow CPGO route provided by the BBT deal you see the hollow triangle for usually half a second (thus you have to wait to see your entry) and I had it even miss the market limit order range and not go through at all. That’s the first time since I have been live that has happen. Now with the FAN route the order and entry are instant. I never saw the order (hallow) triangle today. I am going to give it a couple more days trading on the FAN route to see if it is worth it. Then decide if I drop the CMEG account or drop the CP account and trade on CMEG while I apply to IB. My first trade with FB was unusual. FB gapped up well and good premarket volume. Then the last 15 minutes before the open the price dropped to VWAP and was quickly bought back. What was also very interesting is the complete space between the 50MA and the next level at $194. That’s a huge gap for FB. Usually FB has plentiful amount of levels. So that got me quite intrigued. Even using a wide stop level back to VWAP, there was a R/R~5 when/if it breaks the 50MA. I never see R/R>3 at the open. So FB broke the 50MA with a nice little hammer and I went long very close to the open. Shares were on the small size due to the wide stop out I was using. Well, it was worth a try, but I did get stopped out at the planned level. It was probably not wise for me to try this setup. It’s likely the R/R can not to be too large at the open to work. You need a close level to aim for. What the trade looked like when I took it. Then FB was setting up for a short with a 1min engulfing (2min reverse hammer). But. I had to wait for the price to break some strong levels. It did finally break the 200MA-1min and I went short. My stop was tight at $190 where there was a daily level and my target was ~$188-188.50 where there were 4 levels all near each other. The price was jumpy and spiked through my S/O which made me nervous so I dumped 1/3 of my shares to reduce the risk. Two minutes later it finally started to move lower. Between the previous stop out and the jumpiness of the price I did take partials to fast as usual. The price almost made it to my final target where I exited when the price started to stall. My score card for today: What I did good today: 50% win rate today and still green. How did I challenge myself today? Used a new order route. What I did bad today: I let my nerves get to my partialling frequency again. What can I do better tomorrow: Keep testing Centerpoint, I need decide what to do by early next week.
  5. 1 point
    Can't resist a dark beer at 3B, will be attending too! (Great choice Karl, thx!)
  6. 1 point
    Hi Karl, I just learned about this meet-up so I'll try to attend on Friday June 21. I can't say no to free beer from Andrew (he's buying right?) I don't have FB or TWTR so I get my info thru BBT. Au plaisir ! Joe Adams
  7. 1 point
    Hi, Here's another hotkey command for STOP Market at avgcost or at breakeven whether you are Long or Short. ROUTE=STOP;StopType=Market;Share=Pos;StopPrice=AvgCost+0.00;TIF=DAY+;SEND=REVERSE Thanks, Ryan
  8. 1 point
    Wednesday June 19th, 2019 Sleep: 7.5 hours. Mood: good, ready to trade. practicing emotional acceptance of real loss. first trade of the day was an ORBU in $X. I'm finding that i'm frozen by fear when i'm seeing good positions to get in to. i wanted to take X long right at the start of the second 5min candle but i froze and couldn't pull the trigger. then i wanted to get in on a pullback but i couldn't bring myself to pull the trigger on a full size so i did half size. then added the other half at the break of HOTD. This moved my entry to 15.38 and I needed to get to 15.68 for 3R. it came two cents from my target the first time and i held all for an hour until it hit my PT that was also the high of the day but i didn't get filled. then it made a shooting star on the 5min and i got out at 2.2R the candle after. i'm all for staying in my trades until my profit but i did not like at all how it broke the HOTD then ended lower. happy with my decision to get out. GOOD: took a winning trade! RFI: had i took my full position at the first two times i wanted to enter i would have had 3R without any trouble. MOOD: good. CONSISTENT: yes. though i should have got out right at $15.67 or $15.65 when i was i didn't get filled. no point in penny pinching. What i did good today: took a good setup and actually took the trade even though i needed to scale in. What i did bad today: fear on my entries. What can i do better tomorrow: take the dang trade. work on fear of entering trades. i'm not going to reduce share size yet but i might if it helps me get over my fear.
  9. 1 point
    Wednesday 6/19/2019 I had a well-being score of 7.5/10 this morning. My nerves were OK. Looking forward spending a day with my family today while everyone else is working J I took two live trades with FB. But, first an update on Centerpoint. I spoke to them and the BBT deal (.35min, .005 for com+ECN) limits the routes to CPGO. They said that it is not a fast route and is used for lower price. But, since I trade so close to the open it’s been difficult with the slow fills. Centerpoint said I will have to drop the BBT deal on my account if I want to use a faster route, it will cost me (0.95c min comm with 0.0032 ECN). Which makes IB look better. Both FB and AMD were both setting up for an 1min ORB but I didn’t take either. I even watch the video of my trade and not sure why I didn’t take one. Both dropped fast right at the break of the 1min candle so I might have felt like I was chasing. Instead I took the 2min ORB on FB but with a tight stop at $165. Even with the tight stop I exited early. I then went short on a 3min ORB on FB and I took a wider stop (VWAP) with a target of the 184.45 with a nice R/R~3. I took my first partial way too early from nerves since I was just stopped out a minute before on the same trade. I took two more parials the second one I got a bad fill. Then FB made a bullish hammer and I exited the rest of my shares on the new 1min high. My score card for today: What I did good today: Was able to get back into a trade after a stop out. 50% win rate and still green. How did I challenge myself today? Stuck to two trades today, though with the early S/O I was allowed to take a third. What I did bad today: That first partial was terrible. What can I do better tomorrow: Figure out what to do with Centerpoint.
  10. 1 point
    Hi All! My name is Brittany (Britt C in chat). I studied Chemical Engineering and work in product development in South Florida for consumer goods. Prior to that I worked in medical technology. I spent most of my life in Alabama, but have also lived in PA, LA, TN and GA. I am not really sure how I stumbled into day trading. I just found myself with Andrew's book and it totally clicked. I am process oriented and have a lot of experience with analyzing data and trends in both of my careers. Being on the East coat, my day job calls for me to be at the office most days during market hours. On occasion, I am able to work from home and adjust my hours so I can watch the live trades and play around with DAS. I have been watching the YouTube videos for about 4 months now and ultimately learning as much as possible from your community. I joined the lifetime membership a couple weeks ago and excited to explore the more in depth classes. Product development has definitely been eye opening as far as career aspirations. Majority of consumer goods are produced over seas and "engineering" positions in the US are more project management focused. I am looking forward to more flexibility to trade during market hours and eventually transition into full time trading. I am looking forward to some future meet ups with other traders and learning as much as possible from you all!
  11. 1 point
    Finding a chatroom/community fit is a very personal decision. Does a room match your objectives and trading style enough to spend the time there on a daily basis. For me, I was looking for and found the following in BBT: Camaraderie - Like minded, but diverse group of traders that never fails to put a smile on my face. Insight - Live trade reviews, pattern recognition, market movements, ticker/trade callouts Support - Access to educational resources and real-time question answering I found all of these elements in the BBT community and that is why I am a lifetime member, thanks to everyone for making it so.
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