Leaderboard
Popular Content
Showing content with the highest reputation on 07/12/2019 in Posts
-
1 pointHey everyone, As you already might be aware we kicked off our first live "Workshop Wednesday" this week with the Topic Trading a Small account. We have plenty of more scheduled for the following weeks. These will be held every Wednesday at noon EST in our Classroom chatroom. Check your Dashboard calendar to see what topic is next. If you missed it no worries, we do have it recorded and available for you in the Education Center under Workshop Wednesday! We have a few exciting topics like Hotkeys, Journaling your Trades and Trading Rules scheduled but we want to hear from you what you are interested in having a live discussion. Feel free to post it here or also email it to [email protected]. Thanks!
-
1 point12/7/19 didn't sleep well last night so feeling a bit rough and anxious for some reason. Feel like i'm going to make mistakes today so going to try extra hard to only take proper set ups. Trade 1: 5 min ORB on NVDA - first 5 min looked bullish with alternating high vol large white candles and small low vol red candles. almost got a perfect entry but the price moved as i went long. took partials along the way but was patient with my final exit for a huge profit. definitely my best trade yet. just because its friday and i doubled my target in 1 trade im gonna call it a day. Feeling good
-
1 point
-
1 pointJuly 11, 2019 I am emotionally drain after today. The last time I felt this helpless an unable to control something was in a very different kind of environment. I am so glad I was able to breath and start problem solving my way through it. Well I hope you enjoy the read. I tried to take a long on $AMD around 9:41 mark. My plan was a little different today with $AMD as I figured it would sell off at the open pullback to VWAP and if it broke above would test it again and then try to test the 52 week high if it could break through 34. I got a send reject order similar to yesterday. No big deal figured my hotkeys didn’t save, so I went into the setup saw I was correct and changed my entry hotkeys like I did yesterday. At 9:45 candle I entered just below the 34. Extended from where I wanted to enter but I was willing to risk the money just to make sure my hotkeys worked in my live account. When it could not break the 34 level and drop below the 50 SMA I hit my hotkey to sell all and that is when all heck broke loose. My cover button that worked in sim yesterday did not work in the live account. I hit my panic button, rejected I opened my trade section in the montage and hit the sell button, rejected At this point the stock is dropping, I have no idea how to get out of the position and I felt absolutely helpless. Stock was past my stop loss, I could not get out and the only feeling of comfort was that I had the risk controls that would limit my loss on the day, which would have been triggered if I didn’t figure it out. At this point, I just took a breath and went into problem solving mode. I knew I had a problem and the only thing I could do is take it one step at a time. I identified that the issue yesterday was the “DAY+” had to be changed to “DAY”. I than realized that on the montage it had “DAY+” instead of “DAY”, so I changed the montage and hit the sell button. Finally, order filled below stop loss but still manageable. Problem was that I did not change the order template to “DAY” so all of my hotkeys that process through the montage were being rejected. Well at least I learned that lesson today. A tough lesson but still valuable.
-
1 pointWhile being on the topic of HotKeys which I use every day, here's mine! One may be amazed having this many hotkeys however the items in yellow are used religiously. DAS Hotkey Layout3.pdf
-
1 pointGreat setup. I didn't even notice the wedge until you drew it. And really good restraint not to revenge trade. I probably would have lost it.
-
1 pointThursday 7/11/2019 I had a well-being score of 7/10 this morning. My nerves were fine. Trading live but with half shares. I took one live trade today with AAPL. MU and AAPL were my primary focuses at the open again. Both stocks had an adequate premarket. As usual I was creating my mental opening scenarios. I had no bias this morning and thus had both long and short scenerios created for both stocks. AAPL was showing strength and I was waiting for the break of the 50MA-1min to go long. It tested that level a few times before finally breaking through and thus entered long. The target was the 204.33 daily level and my stop out was tight at the 203.6 (VWAP, 200MA and bottom of the candle). I tried taking my first partial at the 204 level and got a bad fill. From then on my partialing was as usual too abundant. The price struggled to break the 204.33 daily level for a couple of minutes than started to drop. I moved my stop to the 204 level and exited when it was breached. AAPL didn’t make too much of a move today. I also took one SIM trade on a 15min ORB and was quickly stopped out as usual. Score card for my live trade. What I did good today: Created a working entry scenario. How did I challenge myself today? Focused on one trade. I would glance at the others (and SPY) only to give insight to my current trade. What I did bad today: The usual: way too many partials. What can I do better tomorrow: Working on new partialing criteria will implement on Monday.
-
1 point11/7/19 feel good today after a great day yesterday and a nice relaxed morning. Trade 1: Went for a 5 min orb short on NVDA since it had increasing volume on the 1 min but got stopped out above VWAP. i carried on watching and saw the next 5 min candle engulfed the first, so went long on a pullback on the 1 min and turned out to be a great trade.. Trade 2: this wasnt really a setup just went on volume and a break of VWAP, stop loss above VWAP. made a keyboard mistake and bought more when i meant to partial which annoyed me. but still an ok trade and got out completely when volume suggested a reversal. Trade 3: ABCD on NVDA, saw it found support at 164ish so went long once i saw the volume come in. took some partials but got out when the price dropped at brake even. Trade 4: chased a reversal on ROKU. I was frustrated about the last trade i think and brian said something about roku so i jumped in... this is when i know i need to stop because i have fomo.. a good day but I think i get frustrated pretty quickly when things don't go my way and then make hasty decisions. - need to work on this
-
1 pointThursday July 11th, 2019 Sleep: 6.5 hours. Mood: good, ready to get back to trading. couldn't trade yesterday because i was traveling for work. I had meetings and was busy with work through my usual premarket routine and into about the first 20 minutes of trading. Everything looked really choppy to me and I didn't take any trades until i saw AMD finally break the LOTD. i got in on a 2min wedge risking the high of the wedge and also a new 5min high. i hit my hotkey for my shares and the risk was less than my usual 10 cents so i ended up getting 111 shares instead of my usual 100 shares and that threw me off. i got nervous about it and i started thinking about how it was extended and how it didn't break to a new 5min low and i got out right on a new 2min high. it came up to my stop but never broke it and then went right down to my profit target. i am salty about it, had to quit trading for the day because i'm now thinking about revenge trading. GOOD: good setup, good R/R RFI: nerves killed my trade management MOOD: salty. CONSISTENT: no, bailed on fear and not my intended stop. What i did good today: didn't FOMO or chase, took a good trade. quit when i knew my emotions were going to influence my trading. What i did bad today: let me nerves get me out of a great trade. What can i do better tomorrow: range orders sooner so that i'm not tempted to bail before my stop loss.
-
1 pointMy husband and I started trading live in CMEG in mid August, were not being charged ECN and other fees, which then CMEG began charging on Aug. 22. We were very surprised and angry at first, but after some research, their fees are reasonable and competitive, so we continued trading with them. CMEG: $115/mo for platform, including simulator $0.0045-0.007 per share in all fees (based on our own calculation from statements) <=1000 shares, $2.95/ticket >1000 shares, $0.007/share Sure Trader: $104/mo for platform, $100/mo for simulator (simulator starts at $100/mo, depending on add-on's, it can cost more) 0.0000256% times total market value/dollar amount on each sell ticket (a short order, or a sell order of a long position; eg. I buy 60 shares of TSLA at $298/share, when I sell my 60 shares at $304/share, I pay 0.0000256% x 60 x $304 = $0.0047) $0.000119/share on each sell ticket up to $5.95 (eg. with the above TSLA trade, I would pay additionally $0.000119 x 60 = $0.00714 when I sold it.) <= 495 shares, $4.95/ticket > 495 shares, $0.01/share As you can see, CMEG is still better than SureTrader. Lastly, for us, we prefer higher priced stocks because they help minimize the per share fees. Eg. With the above TSLA trade, I traded a total of 120 shares, fees will be between $0.0045 x 120 = $0.54 and $0.007 x 120 = $0.84; versus if I traded CRON with a total of 1600 shares, fees would be between $0.0045 x 1600 = $7.2 and $0.007 x 1600 = $11.2 Update: As of today, 10/3/2018, we've lost about $400 in PL, but paid nearly $1000 in commissions and fees, we've kept our size small too after the first week and half. It's not working, we are closing the account and moving what's left of the money back. It makes sense, these offshore brokerage companies don't really want you to build up a small account easily and transfer it out to Interactive Broker or some other US firm.