Live trading summary for week ending 6/21/19. I took 10 trades this week with a good score card average of 87%. Win% was solid at 60%. I was green every day this week, which hasn’t happen in the last 4 months. My well being scores were also much improved this week. Though a third trade per day is now allowable, I never took a third trade on any day this week. I discussed my issue with bad fills with Centerpoint this week. They said this was not unexpected since the BBT deal is limited to the CPGO route, which is designed for low cost and not speed. I asked them to take me off of the BBT deal so I can use a faster route, they recommended FAN. So 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). Since I reduced my share size this month and have been mostly trading high price FB, it’s almost a 3X increase. But, I am hoping to bring my share size back to where it was by the end of July so the min cost won’t effect me much. So I am going to stick with Centerpoint for probably a couple of months to see how good they are before I decide if I need to switch to IB. What was really good about this week was I didn’t have a trade that I was upset at myself for taking or managing it. Yes I still have a huge room for improvement, but looking back I was OK with every trade this week. So I am going to change my risk per trade from $25 to $30 for next week. Here is my plan for this week: Concentrate on process and score card, not on W% and P/L Do not trade AAPL until better data is seen. Make FB your primary focus. Stock still very much in play for 1min/2min ORBs. AMD is still in play again for the 2min ORB. Do not take 1min ORBs on AMD wait for enough of the 2min candle to determine direction. MU is now in play for 1/2/3min ORB. It is good enough that you can interchange it with AMD as the secondary focus based on premarket data or opening volume. A third trade per day is allowable if you stopped out of another trade early that didn’t feel right any more. Will currently stay with Centerpoint as my broker. Changing my risk per trade from $25 to $30 for next week. Have a good weekend.

Friday JUne 21st, 2019 Sleep: 7.5 hours. Mood: rushed to start trading this morning. didn't even get to do my daily levels before the market open. Trading from home so i can fully concentrate. First trade was an ORBD in CRON. almost took it a minute earlier but i decided to wait for the first 5minutes. my stop loss was $15.90 at the body of the 5min candle and i wanted a pullback to $15.80 for my full position but ended up getting a bad fill at $15.76. it touched my stop and i'm glad my nerves were good this morning because instead of being trigger happy and bailing, i gave it to the break of a new 2min high after my entry and luckily it sold off after. i had all the MAs and VWAP above me on every chart but the daily and the 200 MA on the 15min so i was pretty confident in my trade. Once it broke the LOTD, i set my range order for $15.90 to $15.34 and sat on my hands. happy that my order got filled. GOOD: good setup, good R/R RFI: could have waited for a new 2min low before hopping in. MOOD: happy for a green friday CONSISTENT: yes. What i did good today: took only setups and had share size that matched my stop loss What i did bad today: Entry was too early. should have waited until for a new 2min low What can i do better tomorrow: wait for better entries.

The Day Trading Plan discussed in this YouTube video is now available for download here. Supplementary resources: Sample Playbook Template.

Hi All, My name is Tommy I’m part of the 90%. I’m quite consistent in my results, that’s to say, loosing money more then I have profit but I guess you figured that one out already. I joined bearbull in January, started out in sim which went surprisingly well at first. Went life in march and well, its been quite a ride, like a rollercoaster you want to keep on riding. If my name was Mc Donald’s I would say I’m lovin it. Well actually the truth is I don’t want to ride the rollercoaster no more as it is making me sick. I had put 28000 dollar in my account and I managed to get it below 25000 in 2 months.. My broker is probably loving me, I just checked and I payed 2600$ in commission fees. That’s crazy for just 2 months. Back under ptd rule, it kind of feels like I have blown up my account, its really embarrassing. So something clearly needs to change as I’m not planning to stop trading I did many things wrong so far but by far the biggest error so far is repeating the same mistakes again and again. Repeating the same mistakes and expecting a different result is ridiculous. I also take too many trades, I think that’s clear looking at the commission fees. Im not so active in the chatroom but I enjoy it every day. Even though I have lost money, I learned a lot from the pre market show and chatroom, most of my losses is because of emotion trading. I read trading in the zone and I do get it but… I guess I need to learn the hard way. Anyway, because I don’t wish to give up and I need help I decided to start an open journal aswell. I put 1500$ extra in my account so I can day trade again. Yes I could do sim again too I know. I will probably do now and then, will see how I feel.

Yes the first thing I thought of when I logged into Centerpoint was, "where are my shorts for ROKU? They have them on IB?" They do have a "DAS short locator" system that will likely find me some, but it doesn't look like something you can use at the open. It takes too long to submit the request, etc.

21.Jun.19 - DASTrader - BT Red Day. Today's watchlist wasn't very good, Summer Friday. $CGC, $AMD, $MU and $KMX. LF/LP $CLDR. After a very good Live trade, switched to SIM. Took 4 trades, all failed. Hit maxloss today. Trade 1: $CGC appeared to provide the LOD breakout setup and took the trade. it failed. Trade 2: $MSFT. Took breakout of HOD, it moved 1R and stopped me out. Correct setup, wrong timing. Trade 3: $CCL. Took another LOD breakout, another failed trade. Wrong timing. Reduced sharesize. Trade 4:$CRON. Took short below VWAP. But it was VWAP false breakout. Got stopped out. Reduced sharesize. Good: After two losses, reduced share sizes and played really small. So although 4 losing trades, it was within my max loss perday. Improvement: I need to finish my trading before 10.30AM, after that my success rate is really small. I need to reduce my sharesize, if I am trading after 10.30 (even if it is first trade)

Finally made it! See you guys tonight!

See everyone there tonight!

If you are consistently red, it makes no sense to be live. Don't think of it like you are missing out on good trades; you are saving yourself from further losses. My tips based on your journal: 1. Don't focus so much on the 1-min chart. It takes many years of experience to play price action. Beginners should stick to patterns and setups off the 5-minute chart. 2. Try using the 2-min as your smaller timeframe. Here's an example of where the ABCD was much more clear. 3. Overtrading and impulse trades. Read "The Daily Trading Coach" by Dr. Brett Steenbarger to kick bad habits. 4. Trading pre-market involves low liquidity, bad spreads, and unexpected moves. Stay away unless you have a working strategy. 5. Setups and patterns: define them in your playbook. Know what you are looking for everyday. This will help with the impulse trades. If it doesn't meet your setup: don't take the trade. 6. Prove you can trade consistently in simulator before going back live. Good luck.

I've been in simulator for 4 months now, and only had 3 green days. Keep learning the stuff 🙂

candlesticksmadeeasy (1).pdf Hey guys, my friend, a very happy options trader, sent me this book on candlestick analysis. Some of what is in here is covered in Andrew's videos, and some of it is new -- and he goes into a "how and why it works" explanation when discussing candlestick patterns. A few people in the chat wanted to read it so I am posting it here. Enjoy