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Switch to tiered structure. It is cheaper under 99% of circumstances.

Tuesday 7/16/2019 I had a well-being score of 6/10 this morning. My nerves were bad as soon as I woke up. I am not sure why. I took three SIM trades today. But I did not set up my platform correctly this morning and I was pulled away from my screen for the last 15 minutes of premarket. I made it back with 30 seconds until the open. I was frazzled and my nerves were bad even before I missed the last part of the premarket. I was not able to run through my checklist and I didn’t know I was in SIM until I finished trading and looked at my P/L. Since I really thought I was live and had all the stresses of live, I am adding the two trades to my data set and journaling them here. I did take a “real” SIM trade on a 15min ORB, which of course I was stopped out. I was focusing on MU and AAPL, but FB would have been fine as well. I had the scenario if AAPL was weak and broke down through the 200-5min I would go short. The problem was it did just that almost immediately after the open. Since I was still frazzled I was not quick on the draw and let it go. Sadly, it reached my target. The price bounced back and bounced off of VWAP giving me another chance. But I was caught in the headlights. It broke through the 200MA, and I didn’t take the trade. Then it passed the body of the first candle, and I didn’t take the trade. Finally I took the trade right at the level that was supposed to be my first partial target. Yikes! What a bad entry. My R/R was about equal to one. Thus, I was stopped out quickly. This is what the chart looked like when I entered the trade. After the AAPL trade I was just in time for a 2min ORB on MU. I entered at the break of the 2min candle body with a very tight stop at the 43.71 level. Maybe too tight, but I seem to get caught on these early reversals on MU. My target was the 43.34 level. The price went to the penny of my stop out but I held on. I did take 4 partials but I made an effort to take small bites. Actually, the next partial was going to be my first large partial. But it didn’t happen. I exited on weakness when it was close to my B/E. Due, to my small partialing I only made 1R on the trade. So I am flat for the day. The small partialling didn’t work out well for me today. But, I am still experimenting with the partialing. Score card for my trades that I thought were live. What I did good today: Took a classic 2 minute ORB. Nothing fancy. How did I challenge myself today? Kept cool after realizing I wasn’t trading live. What I did bad today: Missed my checklist and traded when frazzled (arriving at the platform 30sec before the open). What can I do better tomorrow: Don’t trade if not mentally ready. Take a minute to regroup. I should take a large partial when it reaches my target.

I use the Tape to exclusively to trade momentum plays, especially opening range plays. When i don't use the Tape, i usually don't trade well. The Tape is much more useful than the Order Book as a lot of manipulation occurs there, although it does have some value if you know what to look for those manipulations occurring. The Tape is the actual (note we can't see darkpool activity so it's not completely "actual") supply and demand driving the price where it goes so understanding how to read it is really useful. It gives me clues where to take profits and when to stop out if my original targets/stops don't seem like they'll be hit so i can risk manage a bit better. As Lee W pointed out, SMB has good videos on this. If you want to learn how to read it, record your screen on a few stocks and don't trade. Just watch it and look at the charts at the same time and focus on the speed, print colors (above ask, at ask, in between bid and ask, at bid, below bid), and the patterns. Especially pay attention in consolidation areas vs. strong moves vs. staircase moves. Take notes and watch your recordings a few times over. It'll start to make sense over time.

ohh im gonna have to return the 17 monitors i bought yesterday....i should have asked before

Michelle, You picked a great date. I am on a vacation in Phoenix 2 -7 Aug. Count me in and possibly one more if my spouse wants to accompany me. Anytime in the evening works for me.

i know that feeling.

July 15, 2019 - $AMD (Stopped Out) $AMD today just wanted to play with me. I got a good entry, held through a couple of pullbacks and then it finally lost VWAP, moving averages, and a support level so I got out a few cents above my planned stop loss. I would have gotten stopped out regardless. Then of course it took off to the 52 week high and never looked back. I was pretty frustrated after the trade. I think it was the accumulation of last week and knowing that I won’t be able to trade the rest of the week. I really just wanted a good trade to work out today. I got half of that. I took a good trade, executed it well, and managed the profit taking appropriately. Only part I did not like was the outcome, I think if it had continue downward instead of popping back up I would have not been as frustrated. Anyways after that trade, I looked at the P/L so I was done for the day trading live. I decided to trade sim. Did not go well in the morning, but after a run and a couple of stabs at a moving average cross over I got one to work for me. Still a lot of work to do on this strategy before I can trade it live though. A good productive day on advancing my psychology and dealing with a losing trade when I truly wanted a winner. Sample Set Results, P E E E P E P P S S 11 12 13 14 15 16 17 18 19 20

15.Jul.19 - Live Trade (I have fully funded my account and lifted the PDT rule). Rules: Risk per trade - R Maxloss - 3R Profit Target - 6R I stop for the day once I have 3 Losing Trades. Max Loss day - 4 Trades today. 2 Losing and 2 Break-even. Watchlist: I had $MU, $TEVA, $NVDA, $TWTR and $CAPR on the watchlist. Added $X later. Was watching $MU and $NVDA at the open. $MU, I noted Double Top, so was Short biased. Wanted to take short below $44.89 $NVDA - noted Shooting star on daily, was Short biased. $TEVA - daily below all the tech levels, was Short biased. Harmonious $X, $TWTR - Harmonious $CAPR - Gapped up premarket, candidate for Fallen angel setup. Trade1: $X. It was William's Harmonious chart, above all MAs. Took it long after the price popped above VWAP and open above. Price turned and I got stopped out. Also noted the shooting star forming on 2 min after my entry. Price was choppy thru out the day. Trade 2: $AMD. 2 Trades. Was bullish at the premarket. Bounced off 200MA-1min. Could have taken this entry. waited for the price to offer pullback near VWAP. Took it long, but got stopped out. Only 7c stop, below VWAP and 9MA. Got in again, after price bounced off 50MA on 1min. Took some partials, and then got stopped out again to the penny. Price moved close to 20R, after I got stopped out. Trade 3: $TWTR. $TWTR was bullish along with $MSFT at the open. Again waited for the price to pullback to VWAP, Took an entry after it opened above VWAP. Gave it good stop, put in a Range order, got stopped out again. Good: Premarket analysis was good and worked out mostly. I didn't chase the entry for Fallen angel setup on $CAPR. Chasing was my mistake last week. Improvement: I was rushing thru my trades today, I took all 4 trades within 30-40 mins, as I had to take care of some work later. I need to be patient. Today was a day of FOMO for me. I was fliping thru stocks so quickly that I keep missing all the good moves. $MU had a shooting star on 5min, I missed it. $TEVA was dumping at the open. $CAPR had a very good Fallen angel setup. Missed it too. All these I had planned during premarket, but missed it at the open. Need to evaluate if I am keeping my Stop too close, I got stopped out to the Penny atleast 2 times. Usually VWAP is my level. But now, the price seems to come down to 9/20MA before bouncing off. Need to re-evaluate. Because of getting stopped out, I missed the Big move on $AMD, could have been one and done today. I should have traded my main watchlist $MU, $TEVA & $NVDA. I moved away from it.

Looking forward to meeting the Phoenix BBT colleagues! See you at Culinary Dropout. Tim J.

Can't wait to see everyone. Thanks Mike.

I think much of what I would consider extra education has already been posted above, so I won't revisit that. I can add one thing that I've learned a TON from: Bad trades, specifically reviewing them. Not journaling, or even rereading a journal, but just take a screen shot of the chart on a bad trade. Go back and look at it several hours later, or the next morning, or that weekend. I promise you'll look at it and say "What the hell was I thinking? What did I see there?". It is really eye opening. Screen time, practice, and education will make you capable of finding good trades; learning to avoid the bad trades will make you profitable. It is correct that I don't recap my bad trades and rarely share for public consumption, I try to show the things that work and reinforce that. I'll be the first to admit I'm green (new) in this game and no guru or wizard. I have plenty of rough days. This is a journey and I'm much closer to the beginning than the end, just trying to enjoy the process and become a little bit better of a trader each day! Doing recaps is part of my education process as well and knowing they will be seen by the public makes my live trading more disciplined because of that...nobody wants to look like a fool.

Found another way! This makes it easy to do if you would like to open the same montage in a different tab. Right click on the header of the Montage and click SAVE AS DEFAULT. Open a montage in a new tab, right click the header again and click LOAD DEFAULT. You will have loaded the montage from your original tab then you can duplicate as much as you want. This also works with charts!!!