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Showing content with the highest reputation on 06/26/2019 in all areas

  1. 3 points
    June 25, 2019 - $AMD (Partial) I was unbiased in the my indicators and entry into $AMD, but I let my thoughts about the market influence my confidence in the trade rather than letting the trade workout. Once I entered $AMD I really could tell I was thinking it was going to reverse because I had a choppiness bias towards the market. Looking back on it, it looks like exited early; however, I stuck with my revised profit taking plan and executed it well even with the bias I had. My first out was within my adjusted profit taking plan to help reduce early outs and holding on to my winners. The stock hit my break-even after I took a partial at a technical level Sample Set Results, P P P S P S P P P P S G P S P P P 18 19 20
  2. 2 points
    26.Jun.19 - DASTrader - BT Small Red day. May be by the nature of probabiliy, the Green sequence is ending and Red is on. Or simply I am just unable to trade this chopfest. There are no opportunities for Fallen angel, or William's Harmonious charts or 3C setup appearing at the open. I don't trade much after open, so its not good week for me. Good thing, I reduced my sharesize as planned today, so not much harm done. Watchlist: I had $MU (earnings)$AMD, $ROKU, $GIS on the watchlist. Nothing Excellent. Trade1&2: $AMD I noted the 3C setup on 1min. Although I din't like the long downwick on the 2nd candle,went long at the break, I took one partial and then stopped out. I could have got out earlier, seeing the inside candle and 2 long upper wicks on 2min. For Trade 2) After my exit, price clearly bounced off VWAP twice and I took long, got stopped out again. Trade 3: $AMD , Price hit the $30.4 level multiple times and bouncing off on 5min, Took short below VWAP (VWAP breakout) and exited at 50 on 2min. Very small share size. Trade 4: $AAPL opened very strong went upto $201 level, came down to VWAP and bounced off VWAP, I took it long to HOD. Range order stoped me out. Again small size saved me. Trade that I didn't Take: $ROKU. I had a specific improvement plan not to long just above the resistence/short just below the support even with high volume as the price was turning against me immedaitely. I almost took one such trade in $ROKU today, but avoided trading it. Good: I followed my Plan today. I reduced my share size. And took some partials. Improvement: I could have shorted $ROKU instead, but I didn't take it. I noticed $AMD made 2 long upper wicks and created an inside candle, I should have stopped out earlier on Trade 1.
  3. 2 points
    I really like your $MU trade, Your entry was amazing, at the break of previous 2 candles top (like a Bullflag). I was watching it too, but it moved so fast, before I hit my hotkey. I didn't want to chase it. This is A+ setup for me, can get easily 3R. Would have made my day.
  4. 2 points
    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 
  5. 1 point
    Several folks have PMed me asking for my the hotkey file I use with my StreamDeck. I've attached it below. I've organized it logically so there is a single, sequential key set so if my StreamDeck crashes it's not hard to know what combinations to press. I have incremental buy at ask +-.05 and short @ bid+- .05 from 100 to 10000 shares. To use it change the extension from .txt to .htk (the forum doesn't allow .zip or .htk file types...) Hotkey.txt
  6. 1 point
    Wednesday 6/26/2019 I had a well-being score of 7.5/10 this morning. My nerves were good. I took three live trades, two with FB and one with MU. I knew I was going to make a hot key mistake this week. And since I convinced myself of it so of course it happen. Three times, in the past few days, I mentioned on the BBT website or in private email that I like my DAS layout since I only made 2 hot key mistakes in 5 months. Luckily I recovered from today’s hot key error in about one second and it didn’t cost me anything. When I wanted to exit the trade I clicked the Sell ¼ button instead of the sell all. By luck the price popped up then I clicked the sell all button so no harm done. FB and MU were my two main focuses this morning. FB had a bullish 2min candle forming and I liked how it couldn’t break VWAP the three times it tried and I went long. Since it was an OK setup and not great I went with small share size when it cleanly broke the 200MA-1min. The 200MA-5min was my target and VWAP my S/O. The price did make it to my first partial, then struggled for 2 minutes and I got stopped out for a loss. My next trade was with MU which was forming an ABCD inside the 5min ORB. I waited for a bounce off the 36.67 daily level and went long full share size. Target was the 37.29 daily level with stop out at 36.59 daily level. I was able to make a first partial but 6 minutes later I was stopped out for a loss. Due to my new rules I am allowed to take a third trade in certain situations. Though today was only the second time I have used that rule. My final trade was with FB. The price was holding the 200MA-1min for several minutes and I went long (small shares) when it bounced again. Target was 200MA-5min though I was hoping for HOTD with VWAP with my stop at VWAP. Though it had held the 200MA for several minutes, the moment I took the trade the price instantly reversed and immediately broke down through the 200MA and quickly broke through VWAP where I was stopped out. My score card for today: What I did good today: I kept my risk management under control. I was stopped out 3 times but my P/L is only -1.5R. How did I challenge myself today? Traded with $30 risk/trade and took smaller partials. What I did bad today: Both FB setups were B- setups. They weren’t bad, but that doesn’t mean I need to take them. What can I do better tomorrow: This is my first triple stop out in 5 months. I feel OK now, but I am thinking I should go half shares tomorrow or until I get my confidence back.
  7. 1 point
  8. 1 point
    I didn't read through the entire journal but I have been a BBT member for about 2 months and have been checking out everyone's journals. Out of curiosity do you statically trade better when you have a better well being score? And I don't mean to be annoying or step on your toes but to minimize negative self talk, maybe change what I did bad today to what I would like to improve from today. Thanks and best of luck with your trades.
  9. 1 point
    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.
  10. 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.
  11. 1 point
    Some details of the Centerpoint’s BBT offer I learned trading with them the last two weeks. First, I used CMEG for a little over 3 months. They were adequate but I prefer a US based broker, the commissions (CMEG) were quite high since I am still trading small shares, I was a little disappointed with the shorts availability and there were some technical difficulties (though no major ones). I applied to Centerpoint with the BBT offer and had an account in 2 days. This was much improved over the 2 months it took to get an account with CMEG. I have been trading for Centerpoint now for an 11 days. Starting on the first day I had issues with my orders being filled. I do trade very close to the open (within 1 or 2 minutes) so bad fills are common. With CMEG I would get a bad fill 15% of the time. I define a bad fill as one that alters the trade. Thus my entry is so bad that I need to immediately exit the trade or one of my sell/covers is so bad that it changes my profit from good to mediocre. This 15% I thought was acceptable due to my style of trading. Then I started with Centerpoint and about 50% of my trades were plagued with bad fills. I even had a fill miss my market limit order and didn’t fill at all. That was the first time since I have been live a long order was not filled (and this was a trade with very liquid FB). When you place the trade the order sits in the order window and you wait and watch the hallow triangle on the screen until the order goes through. I contacted Centerpoint (BTW the customer service at Centerpoint was good) and I was informed that the BBT deal limits your route to the CPGO route. This route is for lower price but not as fast. If I wanted a faster route (they recommended FAN) I would need to remove myself from the BBT deal. The price would increase from .35 min, .005 for comm+ECN to min 0.95 and Comm+ECN=0.00732 (for the FAN route). Since I am still trading low shares and lately have gravitated to the higher price stocks this is a 3X increase. So I did ask them to remove me from the BBT deal and I would give it a try. It’s true the FAN route is really fast. Feels like I am back in the simulator. I have made 16 trades (tickets) using the FAN route so far. Looking at the logs and video all 16 had excellent fills. I haven’t tried the new LAMP route for CMEG yet. I happen to move over to Centerpoint just before they activated it. But from the video that Carlos posted the speed has increased from the previous routing. From the look of it I don’t see any dramatic speed increase comparing the LAMP vs the FAN routes like I did with the NSDQ-CMEG route. There may be a difference but since I have not tried the LAMP route I can’t say for sure. I was also expecting the shorts to be more available. I was surprised the first day when Centerpoint listed no shorts available for ROKU. I see traders with IB short ROKU so that was disappointing. There is a short locator with Centerpoint. But that takes a few more mouse clicks (and costs more) so it would not be useful to me since I tried at the open. Summary: if you trade close to the open, where the fill speed is vital, I don’t recommend the Centerpoint deal with BBT since you are limited to the CPGO route. Outside that small time window (>10min from the open) the CPGO route should be fine.
  12. 1 point
    24.Jun.19 - DASTrader - BT Red Day. After a sequence of 11 Green days, I expected some red days to come. Just wanted to not blow up the losses. So today I hit 1$ over my max loss. Today's watchlist was not good at all. I had $FB, $CZR, $ROKU and $CCL apart from the usual $AMD, $MU. Watching $FB and $CZR at the open. $CZR is lowpriced high float stock, I love these. $FB was really active premarket. Both were choppy at the open. Trade 1&2: $ROKU, $ROKU was below the 9MA on daily, I called this out in the room that it may come down to 20MA. I had a Short bias. So the moment $ROKU pulled up and then slowly (volume was not great) pushed all the MAs and VWAP down, I took short. I was may be a bit late, and the spread and slippage was not good. I expected the price to dump, but it pulled back all the way to 200MA (1min) and I got stopped out (Stop PCL). After stopping me to the penny, the price dumped. I took short again, stopped out, as the price moved up. Entry 1 - $102.1, Exit - $102.66 (after dropping 1$ 2R) 1min had 2 long lower wicks, still din't get out, Poor mistake. Entry 2 - $102.2, Exit - $102.45 5min had 3 wicks and an inside candle, still din't get out, Poor mistake Trade 3&4: $ROKU. After my 2 losses, I went in Short again (didn't want to miss my A++ setup). but I didn't partial out, I wanted more. Got stopped out at BE again. Now I am thinking I should go long as the price crossed VWAP. I realized it was a mistake and got out BE. Now because of my 4 trades in $ROKU, i stopped trading and moved out of my PC and now the Price dropped to 7R with HUGE volume. Well Atleast I was right about my Premarket analysis. Entry 3 - $102.24. Exit - stopped out BE (after dropping $1 2R) Entry 4 - $102.27, Stopped out realizing it was not Long (5c move) Trade 5: $CCL. Although, $CCL had gaped down premarket, it opened strong, Once price came back up after crossing all the MAs I took Long, but got stopped out. Stock was choppy and din't trade cleanly. It was not my Setup. Trade 6: $CZR. Almost Perfect Trade. $CZR was my third trade after $ROKU and $CCL. $CCR is Low priced highfloat stock. it formed the Fallen Angel setup and I took it long, put in a Range order, later I added to it and sold All. Fallen Angel is my A++ setup along with William's Harmonious chart setup. I should have gone full size on this, but I took only 10% of my regular size on a Winner. Trade 7: $MU. This is A+ setup. $MU formed the Double bottom hammer just above VWAP on 5min. I went Long full size. I didn't get filled on my Range order. Unfortunately, I couldn't exit immediately and lost out on more than half profit. Trade 8&9: $FB. $FB was very strong premarket, was looking to popup close to $200, but the open was choppy. After 10.15, price moved up above MAs and i took it Long, with a target of $194. Got stopped out by range order, then price moved up to my target. Later, noticed double bottom at the level $192.62, so went Long, after first partial, price turned and I stopped out BE. Entry 1: $192.94, Target -$194 (4R), Exit - $192.7. After stopping me Price moved to $194. Entry 2: $193.18, stop - 20c, First partial - $193.5 (1.5RR) Rest BE. Good: Irrespective of 4 trades in $ROKU ending up with losses or BE, atleast i was right about my Premarket analysis. I didn't take 2R profit on 2 occasions, as these are setups that offer atleast 3R. It will work in the long run. Today was a choppy day for market. Recognized that and din't trade beyond my max stoploss. Sometimes, there is nothing you can do. Improvement: I made the mistake last week of going into a A++ setup confidently without setting stoploss, today, I avoided this mistake, but My stoploss was not wide enough. If I had given $ROKU 60c instead of 55c stop, I would have had 7RR (3.5$) move. This had happened to me on $PINS before. It is frustrating and I keep trading again, knowing that this is my trade and I don't want to miss it. What could have been a one and done day, turned into maxloss day. When I am in a setup, I like it to go my way immediately or just a minor pullback. If it turns more, even not to my stoploss, I am getting out. Something I need to work on. I made some trades based on the Price action and Pattern, No specific setups. This doesn't have high Win probability. No edge here. When the A++ setup appears, always go with fullsize without any bias. For E.g (Fallen Angel, William's Harmonious setup, Doublebottom Hammer etc.,)
  13. 1 point
    Very nice trade management and Exit at LOTD. That's why I like Range orders instead of sitting nervously and watching.
  14. 1 point
    Hi Seamus, I'm not sure why my screenshot has no ECN fees listed. I use the +/- 0.05 hotkeys as well. Those by definition remove liquidity (hitting the bid/ask) and are subject to ECN fees. I'm with Interactive Brokers and my per share commission is 0.0035. Total per share after fees (SEC+FINRA+ECN) are about 0.005, so I assume those work out to 0.0015 per share. I believe people with CMEG are paying slightly more than that for ECN.
  15. 1 point
    Robert. Thank you for the explanation. I do notice in my training Sim the ECN charge is at the $.003 per share cost. Of course, I'm trading very heavy at this point in the learning process however, I notice your screen shot has zero dollars in the ECN cell. Quick read of your link speaks of creating liquidity (credit) and not creating liquidity (debit). I have been following the advice from the group about bidding into a trade with the +/- $.05 idea for immediate entrance. Am I understanding correctly this would be defined as not creating liqudity and thus, charged $.003 fee per share at some point when I go live? If so, and assuming the screen shot provide is yours, how do you go about entry to avoid such a fee? Much appreciated. seamus
  16. 1 point
    Are the SEC, FINRA, and ECN fees more or less accurate? This is not included in the IB commissions right?
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