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Showing content with the highest reputation on 06/25/2019 in all areas

  1. 2 points
    25.Jun.19 - DASTrader - BT Red Day. Today I was not in the right mental state, Tired, upset. I had $CRON, $AAPL, $NFLX and the usual suspects $AMD, $MU on the watchlist. $CRON - formed double hammer on daily, looking to pop $AAPL - A Hanging man followed by 2 shooting stars on the daily - indicating Bearish trend to come ($AAPL did drop a lot) $NFLX - A perfect shooting star on the daily indicating Bearish trend (although price range is not in my comfort - dropped a lot) Trade1&2: $CRON. Had lesser volume and moved slowly. Ì was waiting till 8th min, when the price poped above VWAP and all MAs, I took Long. There was still 50MA and YY levels, but I took it long as the volume increased. My mistake was I went full share size. When the volume is low and the action is slow/volatile, I should not take full size. Nevertheless, i got stopped out for big loss. I went Long again at 10AM, after the bounce off VWAP, got stopped out again. Very bad trade. Trade 3: $MU. Took $MU short below 200MA on 1min, it was also below many MA levels. But I got stopped out. $MU was strong at the open until 11, before it reversed. May be it was a Long, as a bounce off 200MA(1min). I missed the 3c setup on 1min. I was watching it when it happened, but the move was so fast, I couldn't press my hotkey fast enough. Trade 4&5: $AMD. 5min 3C setup (although I didn't like the top wicks on the 2 candles). I took Long at the break of top, Price moved 1R, then dumped as the SPY was dumping too. I was done for the day, I just took another micro size $AMD trade for the break of MA to test tradesetup. The moment the inside candle appears on 15min near the resistence, I should have got out. Note the reduced volume too on the inside candle and the long upper wick. Good: I learnt couple of things from trading this week. Even Best of stocks with best daily setups can chop you out.. In these market conditions, always reduce your share size and look to get 1R/2R instead of 4R/5Rs. Happy that learnt this on SIM and not with real money. Improvement: Market was too choppy today at the Open (i trade only the open). And most of the stocks traded with SPY today. Very difficult to find pattern. Need to learn to trade all market conditions. Today High RR setups didn't work, ($AMD today, $FB yesterday and $MSFT on Friday) should have switched to High Win-loss setups. That would have worked. I seem to be shorting stock into a support or Longing into a resistence for the last 3 days ( today $MU, Yesterday $ROKU and on Friday $CRON). Need to be watchful of this mistake.
  2. 1 point
    Tuesday 6/25/2019 I had a well-being score of 6.5/10 this morning. My nerves were fine. I took one live trade with MU. More issues with Centerpoint!!! See below for details. I wanted to short FB at 9:31am and Centerpoint rejected my order saying unable to short this security. This is FB!!! I tried again at 9:32am and again there were no shares for short. If you haven’t seen FB’s open, trust me that would have been my trade of the month. After my trading day ended I called Centerpoint and they said they had a DAS and Vision (the clearing house) IT issue and the easy to short list was not uploaded to DAS. Thus, nothing was shortable on Centerpoint today (unless you use their locator app). They said they were alerted to it and fixed it well after the open. Honestly, when I look at the FB,MU,AMD,AAPL,… I don’t look to see if the “S” is there on my montage. Looks like with Centerpoint I will have to add that to my preflight checklist. Very disappointed with Centerpoint. Luckily MU has a long setup so I was able to take a trade today. Back test data says that MU is good with the 3min ORB. I saw MU make a mini ABCD/pendant and really hold the 33.47 daily level. I went long at the break of that level. I did take 3 partials, all small ones (trying to work on my partialling). Then SPY started to drop and I was thinking about exiting or take another partial if it broke the 33.64 level which the price has been respecting. But my subconscious thought, “you have already taken 3 partials, let it ride to B/E in case it’s a pull back.” That’s fine but my subconscious forgot I took small partials today and I still have half my shares left. So I let it ride to B/E where I exited. Well that’s part of the learning curve I will have when trying to teach myself to partial better. My score card for today: What I did good today: Recovered quickly from FB shorting issue and took another trade. Very happy how I don’t feel any FOMO missing the great short I would have had on FB. How did I challenge myself today? Traded with $30 risk/trade and took smaller partials. What I did bad today: Should have partialled or exited MU when it broke the support with SPY falling like a rock. What can I do better tomorrow: Checking short availability, on all stocks, will be on my preflight checklist.
  3. 1 point
    I will be interested as I am staying in Chicago.
  4. 1 point
    Miguel, Are you guys still planning on having a meet up this summer?
  5. 1 point
    June 24, 2019 - $CCL (Partial) I waited and as expected the market was choppy at the open. I was looking at $AMD, but the stock was way too choppy right at the open for me to take an entry on an ok setup. $CZR did not have moving averages in a favorable position for me. I saw $CCL pullback towards the VWAP and noticed it met my trade criteria, so when it broke above the moving averages and made a new 1 minute high I entered. I took my first cover at the break of the high of the day. I figured it would either continue to my profit target from here, or it would fail and go below VWAP. I exited when the stock failed to continue higher and hit my break even point. Sample Set Results, P P P S P S P P P P S G P S P P 17 18 19 20 
  6. 1 point
    Very nice trade management and Exit at LOTD. That's why I like Range orders instead of sitting nervously and watching.
  7. 1 point
    Monday 6/24/2019 I had a well-being score of 7/10 this morning. My nerves were not as good as recently, so I decided to trade at $25 risk today not the planned $30. Also, I changed my DAS setup to help with partialling, so maybe it’s not wise to change two things on my DAS setup on the same day. I took two live trades with FB. FB premarket action and volume was good. It sold off immediately at the open and I was waiting for the rebound and bullish hammer. One did form about 2.5min after the open and I went long. The candle was still slightly red when I took the trade but still quite bullish looking. My target was the high of premarket at 193.39 with a stop out level at 192. It tried a couple of times to break the 192.50, but couldn’t and retraced to my stop out where I exited. Now why did I not use the 200MA-1min I am not sure. I probably thought the 192 level, which coincides to the 200-5min, was strong enough. Any way I was wrong and the price instantly reversed as I exited the trade. What it looked like when I took the trade: FB bounced at the 200MA-1min and I went long again at the VWAP. Same target but the 200MA-1min as my S/O. It took quite a bit of self-control to hold until the new 1min high before I take my first partial. I also reduced the size of my first partial. I took my next partial at the 50MA, then I lost my nerve and took two bad partials. At that point I told myself the next partial is at my target (high of premarket) or S/O level. It took 3 minutes but it reached that level. I decided just to partial not exit since it may run once it breaks that level. It didn’t and I exited when it made a 1min low. My score card for today: What I did good today: Recovered quickly from the S/O and quickly took another trade without feeling the need for revenge. How did I challenge myself today? Used a smaller first partial. My first and last partial I waited patiently. What I did bad today: Partials 3 and 4 were still bad. What can I do better tomorrow: Over all partialling was better than usual. Still need more time to improve on it.
  8. 1 point
    Days like this.. Market openend, around 9:40 some delevery guy bangs on my door.. by the time I'm back, $MU sold off, rejection candle, + under VWAP, as soon as the 5 mins openend again bellow the previous one, the 15 mins was breaking down too, got in short. Again, thought I was late, got everything out instead of partial on the big green candle on the 1 mins chart. No reason to not stay in looking at the 5 and 15.
  9. 1 point
    Mark, this is my well being calculation from this morning. In general I don't score well in Winter. The cold and short days impact my work outs and energy levels. My Garmin informs me of the first 6 categories on the table. Fatigue level is self determined. I did have a headache this morning but that is unusual. I won't see a good score >7 until late Spring. My resting pulse doesn't drop below 50 all Winter.
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