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Showing content with the highest reputation on 07/10/2019 in Posts

  1. 3 points
    Tuesday 7/09/2019 I had a well-being score of 7/10 this morning. My nerves were OK. Trading live but with half shares. I took 1 live trade today with MU. I did take 2 SIM trades after MU to practice 5min/10min ORBs but was stopped out on both. I will only journal the live trade here. MU and AAPL were my primary focuses at the open again. Both had lots of levels above the open price and mostly clear space below. I watched both intensely and already had a trade scenario for long/short for both stocks in my head. For MU long, I would enter (long) the trade if it broke the triple level of VWAP, the daily level of 40.28 and the engulfing of the last 5min candle in premarket. The price broke that level 23 seconds after the opening. My target was the 40.61 level with my S/O at below the 50MA-5min (40.20) which was respected in premarket. This is what it looked like when I entered the trade: There was slippage on the fill, but that is common so close to the open. Though my partialing was poor as usual, it was better than yesterday. My first two partials were actually as planned. I took 25% at PDC and high of premarket. My third partial was supposedly going to be at 40.61 but nerves caused me to partial at HOTD. Then a correct partial at the 40.61 level and again a bad partial soon after and missed the rest of the run. Score card What I did good today: Followed my entry plan. How did I challenge myself today? Took only SIM trades when trading out of my element. What I did bad today: The usual, I was hitting the sell button like it was the shooting button on a video game. What can I do better tomorrow: Will run the numbers this week. If I see the data in front of me how bad my partialing is I may be more patient about it.
  2. 2 points
    10/7/19 Didn't trade on Friday, Monday or Tuesday because I was at a music festival but now I'm back and just about recovered-ish. I feel like I've had a fairly long break and not feeling 100% so going to try to take it a bit slower today. Trade 1: 5 min ORB ROKU - seemed very strong at the open with very bullish volume, took some profit at 1 R, then stopped out below VWAP. Trade 2: kinda ABCD/trend trade NVDA - saw a pullback with low volume on the 1 min and seemed to have support at a daily level. Trade 3: ABCD on MU: shouldn't have taken this trade, the volume on the pullbacks suggested a reversal but i stayed in it and took some profit before being stopped out. Trade 4: Reversal NVDA - Saw a very high volume bearish candle after some resistance at 162ish so put stop above the 9, almost got stopped out but waited to see if it lost the 9. target was VWAP and took profit along the way. Trade 5: ABCD NVDA - looked like it round some support at 160, got in on a low volume pullback with stop below 160, took some profit at vwap and the 50 but started to lose faith when the volume started increasing with the bears so got out at break even. overall I doubled my target, maybe I should've stopped after I hit it, but I was feeling good and generally was obeying my rules and trading well... I think.
  3. 2 points
    July 9, 2019 - $AMD (Partial) I was a little skeptical of $AMD this morning as it had lower volume than normal, but at the open it traded very nicely. I took an entry after it rejected VWAP and broke the pre-market high. My first partial was a hotkey mistake, my second partial was were i planned on taking my first out. I wanted to take another partial at 32.15 and than let the reminder run to the profit target of 32.57, but $AMD did a strong pullback and I got out at break-even. I thought about getting back in around 1000, but I had to go to the train and the stock just did not pullback far enough towards VWAP for me to enter. Overall today was good as I worked my process upon entering to help with my profit taking. I look forward to developing this a little more over the next month. Sample Set Results, P E E E P E P P 9 10 11 12 13 14 15 16 17 18 19 20
  4. 2 points
    Tuesday July 9th, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade of the day was an ABCD in MU. took it at the break of a new 2min high risking a new 5min low to 2R because my stop loss was too far to make 3R realistic. i should have got out on the shooting start after a new HOTD but i wasn't paying full attention as i was on the phone and not concentrating. Then i got hopeful that it would come back instead of being realistic about the price action and got stopped out for a full 1R loss. GOOD: entry was right on time. RFI: should have got out way before stop loss. MOOD: fine, should have been fully concentrating on the market CONSISTENT: yes. Last trade was an MA trend trade on AMD. it was trending higher after about 20 mins of chop so i waited for a pullback to the 9MA on the 2min and then a new 2min high and it just took off. I'm mad that i got out as early as i did, i cut my 3R target by 4 cents when there was absolutely no reason in the price action. I remember thinking that i didn't want to let this trade go against me because i already had a loss today so i got out short. hit my price target maybe a minute later then didn't make a new 5min low all the way to $33! almost 7R in my favor. it's weird that that 5min flag candle on huge volume scared me. it should have been a sign to try for 4R but instead all i could think of was it reversing. GOOD: nailed the entry, great setup RFI: cut the trade way too short. MOOD: good. CONSISTENT: yes but i really should have stuck all the way to my profit target. What i did good today: took good setups and great entries What i did bad today: hoped for MU to turn around and cut AMD too early What can i do better tomorrow: cut the losers and keep the winners.
  5. 1 point
    I read One Good Trade by Mike Bellafiore and in it he mentions that they record their trades so that they can go back and review them after. That sounded like a cool idea so I started looking into how I could do that myself. I found a way to do it for free which was a plus and thought I'd share it with the community to hopefully helps others as well if they want to do it. Basically what I do now is I record my screens while I'm trading and then I go back after and watch what happened during my trade when I'm doing my journal and/or also on the weekends for review. This lets me see what I did right/wrong, see stuff I might have missed, see where I could've added to my position, or scaled out better, etc. Essentially I'm able to go back and review my trade and see exactly what happened in real time. Kind of like a like a professional athlete watching game film haha. Like I said, everything I'm using is free so it won't cost you anything if you want to do it as well. The software I use to record the screen is OBS (free), which I'm sure most of the people that have been in this group for a while have heard of by now. The problem that I then had though was that I have 6 screens, but I could only get OBS to record my main screen. The solution that I found was that you then need to download a plugin for it called Advanced Scene Switcher (also free). I'll include a link for it below. Once you get that setup it records whichever screen that your mouse is in. I only take one trade at a time so for me I just keep my mouse in that screen while I'm in a trade. If I then go to trade from a montage/setup in a different screen it automatically switches the recording to that screen as long as my mouse is in that screen. Obviously wouldn't be ideal if you were trading multiple positions on different screens, but for me with my one trade at a time it works. I found a video that helps explain how to set up each screen for the Advanced Scene Switcher that I'll also include below. So I start the recording at the open and then stop the recording when I'm done for the day which makes it one long video. I then use Avidemux for the video editing (again, free). Its a pretty basic video editing software so I'm sure there's better stuff out there, but I just use it to edit the video down to each individual trade and save each trade as a separate video so I don't need anything special. That way when I'm doing my journal, or on the weekends, etc, I can find/review a particular trade as opposed to going through a long video of all my trades for the day. Anyways, I hope this helps some people if they were curious about doing something like this. If you have any questions or need any help feel free to ask. OBS: https://obsproject.com/ OBS Advanced Scene Switcher plugin: https://obsproject.com/forum/resources/advanced-scene-switcher.395/ Video to setup Advanced Scene Switcher: https://www.youtube.com/watch?v=Zg2bdjs6LdA Avidemux: http://avidemux.sourceforge.net/
  6. 1 point
    Wednesday 7/10/2019 I had a well-being score of 6.5/10 this morning. My nerves were not good, though I don’t know why. Meditated longer than usual to calm the nerves, which worked. But, it was temporary, my heart was pounding at the open. Trading live but with half shares. I took 2 live trades today with MU and AAPL. MU and AAPL were my primary focuses at the open again. Both stocks had a really strong premarket. When I was creating my mental opening scenarios, I planned NOT to take either short at the open and only long if the first minute candle was a hammer. It ended up both stocks created an 1min hammer. I took MU as my first trade because it setup first. It bounced off a strong support at $42, made a nice hammer and already a volume of 1M shares in the first 30 seconds. I went long with the 42.61 daily level as my target and VWAP as my S/O. It touched my stop out level 3 times so my nerves were getting bad. I am not sure if I was being careless or not focusing enough (I couldn’t keep my eyes off AAPL which had a really nice setup too) but I made the mistake of not noticing the Y-axis scale. When the price reached my first partial ( a notable premarket level) I didn’t notice I was already 20 cents in the green. That should have been a large partial. Instead all I thought was that I partial too much and make it small. The price then quickly retraced and I was stopped out. Since VWAP was so close to my B/E I let it go past my B/E a few cents. I did give my profits all back though. Too bad I made that Y-scale mistake again. This could have been a solid winner instead of a small loser. AAPL setup had come and gone. Both the 1min ORB and even the 2min ORB the entrance had past. But I guess the FOMO was to strong and I entered the trade immediately after I exited MU. The R/R was about one now. My S/O was the 202.31 premarket level. My target realistically was the 202.87 level. But, what caused the rational to take the trade is there is no level for about $1.50 above that level. So if it breaks it could run. But, this was a mistake and I shouldn’t have taken the trade. There were many other stocks setting up. I just had FOMO from watching it during the whole MU trade and was dying to enter. The price did reach my target, but not much profit can be made by that. It did form an ABCD so I was hoping it would pop higher. It popped a little but not much. Plus, it hurt watching MU really run while I was in the stagnate AAPL trade. If I caught AAPL at one of its actual entry points it would have been a nice trade, but I was chasing. Yes I made a profit from it but this was a mistake. Score card What I did good today: Created a correct entry scenario for both stocks. How did I challenge myself today? Fought through my nerves. What I did bad today: Couldn’t keep my eye on my trade. I kept looking at other charts. I chased AAPL. What can I do better tomorrow: Focus on one trade at a time.
  7. 1 point
    What up Lee!! Yeah the Avidemux is about as basic as it comes. You literally hit the A button where you want the video to start and the B button where you want it to end and then hit save. That's it haha. The only tricky part that I found, and its not really tricky, is then when you want to do the next trade you have to hit the A button twice where you want the next video to start. Not sure how to explain it, but it basically brings the box that forms on the timeline all the way up to that point when you click it twice. You'll see what I mean. Oh and you may have to mess with the View tab to be able to see the video better. It kind of defaults to this smaller view so I then go into the View tab and change it to Zoom 1:1. For some reason that then zooms it in kind of too much, but I can see my 1 minute chart fine on that zoom and I just use that to then see where to edit the video. Again, you'll see what I mean when you use it. There's probably a way to adjust it, but I haven't really spent the time to figure it out because I can get done what I need to get done with it haha.
  8. 1 point
    Nick, this is awesome. I’ve been using OBS successfully but have continued to look for basic editing software that I like. I didn’t want to go through using Adobe Premier for very basic editing. I’ve tried Windows Moviemaker. It works, but meh. Looks like you’ve found the solution. I’m grabbing Avidemux and giving it a try. Thank you!
  9. 1 point
  10. 1 point
    It was good to see you back in the chatroom this morning Mike (nice trade BTW - I saw the screen cap).
  11. 1 point
  12. 1 point
    July 8, 2019 Recap - We left most of the $3.50 move on the table, but we still made our modest daily goal. Still training to be consistent. Learned a lot over the past week. Here's the link to Anna Coulling's book. Thanks for watching!
  13. 1 point
  14. 1 point
    Monday 7/08/2019 I had a well-being score of 6/10 this morning. My nerves were good. Trading live but on half shares. I took 3 live trades today. One with MU, then BABA and one with MU again that was supposed to be on SIM but was accidentally live. MU and AAPL were my primary focuses at the open. Both gapped down and had heavy levels above their current price, so I really did not want to trade either long. MU set up as a 2min ORB as it created a hammer and broke the 39.07 daily level, the HOTD and the high of premarket all around the same time. I would normally enter the trade there but there were so many strong levels above it I waited. It finally broke the 200MA-1min and 200MA-5min and I went long. Looking back it was probably extended. I should have taken the trade earlier or waited for it to break the 39.34 daily level, but I was too long biased at the time. Also R/R was only 1.5 but with a chance to go red to green I entered the trade with PDC as my target and the 39.17 level as my stop out. MU struggled to break the 39.34 level and 200MA for 4 minutes. But AMD was reversing and was moving higher so I was hoping MU would follow. But, then the price started to retrace I was stopped out at my planned level. I was looking for a 10 min ORB setup and found BABA. At first it didn’t look good since it was near a daily level at 168.91. But, I had a minute to investigate before the 10 min candle finished. I couldn’t find where the 168.91 level was from but the daily level at 168 was created recently and was strong. So I shorted with the 168 level as my target and the 169.76 level as my S/O. The price did drop to the 168.91 level where I took a first partial, but apparently that level was strong and it bounced. I exited the trade slightly beyond my B/E when it was clearly reversing. MU reversed and was setting up the same as my first trade. I was going to wait for the price to break the 200MA again so I had time to switch to SIM. After switching the order entry template I forgot to click my watch list to activate the change. So when I went long at the break of the 200MA I was still in live mode. I noticed this right away but the trade was moving in my favor. Since I should not be taking this trade live I partialed heavier. Instead of ¼, ¼, ¼, etc, I partial ¼, 1/3, ½ and thus ran out of shares fast and missed most of the move. This bothered me and even though I partialed heavy on purpose due to the hot key mistake. I really don’t like my MU winner was a tiny bit smaller than my MU loser. Score card: What I did good today: Nerves were fine even though it’s the first live trading in 9 days. How did I challenge myself today? I took a 10 minute ORB. What I did bad today: Should have followed my instincts with the first MU trade and entered early. Hot key mistake. What can I do better tomorrow: I shouldn’t be so biased where to enter a trade. Things continuously change and so should the trade setup.
  15. 1 point
    DAS Trader - BT Summary I was part of the DAS trader - BT which lasted for the entire month of June. I think this helped me immensely as it provided a Psudo Live environment for me to try out all my Rules and Strategies and managing nerves when going fullsize. I started with small sharesize during the first week and slowly ramped it up. It is not Real, nevertheless better than trading in SIM. In this summary, I want to capture the setups that worked for me, Rules, any lessons learnt and finally share anything useful with other members. A. Setups: I am time constrained during the day, so I had to adjust my style of trading so that it I can trade between 9.30-10AM EST. I am happy that I never scalped 1-2c going big share size to increase profit throughout this month. I was careful of not falling into this trap, I managed to stay away from it and traded mostly setups if not all the time. Following is my analysis of the setups I took during BT trading, some of these setups are not unique and overlap with each other. For e.g, Pullback ORB (1-2-3 candles) setup may occur on a Harmonious setup. Or Bullflag pattern may coincide with the ABCD setup. A reversal may occur on a Double bottom that coincides with a bounce off 200MA. Below are some of my most successful setups at the Open: Pullback ORBs (1-2-3 Candles) William's Harmonious setup Fallen Angel Flattop Breakout/Bullflag ABCD setup My most successful setups at Mid/After noon: I don't get lot of time to practice in the mid/after noon market and I am not good at it either. Nevertheless what worked for me was, Hammer Double/Triple Bottom Bounce off 50/200 MAs. My least successful setups are: Wishful Thinking/Hoping: When the setup is no longer valid but I stayed in the trade hoping for it to turn my way. Or I enter into a trade without a defined Stoploss, as a result messed up my Trade. VWAP pullback LONG: Conventional ORBs: Reversal - MA cross B. Trade Analysis: Below is my performance based on Float size of the Stock (Lowfloat vs Midcap vs Large cap) and time of the day. I trade Low priced-Large caps stocks in the same way as LowFloat stocks (for e.g Fallen angel setup). I will create a separate topic to discuss about some of the trades and share it with members. C. WinLoss analysis and P&L: Below is my Win/Loss ratio and P&L comparison. Overall I had 95 Trades for the month (I am happy about not overtrading). 42% Winners with a profit factor of 1.86. The Profit factor was 2.6, until I had 3 consecutive maxloss days and then I reduced my share size very much. D. Rules: These are my Trading rules, they are evolving. Don't hold overnight positions Only one trade at a time (unless there is a Range order to take care of the current trade) Stick to the Stoploss. No Premarket Trading. No Averaging up/down to Losing positions No Early partials, before 1R. Max 4-5 trades per day, mostly 2 trades.No overtrading.
  16. 1 point
    Sounds good to me! Would like to know dates so I could book time off if this is happening
  17. 1 point
    It's not much but it does the job.
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