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hmmmmm. I wonder what would entice me . . .

July 17, Sim on $BAC Overview SIM, I am working on trying to identify criteria when taking a moving average X-over trade. The purpose of my afternoon trading today was to work on finding stocks that had a setup along with taking an entry with a good risk. The profit target did not matter to me as I was working entries with this strategy only. Why did I enter: So here is the thing. I see certain chart patterns with the moving averages about to cross and more times than not I am right in that the stock moves in the direction I was thinking. So I literally opened my platform, looked at $BAC and saw what appeared to me as a good entry. The problem is I do not know exactly why it appeared to be a good entry. When I trade Orbs, I have a predetermined criteria to enter, for this type of trade I have nothing other than a gut feeling. The one thing that did stick out to me was the stock rejected 29.62 4 times on the 15 and 3 times on the 30 minute charts. I was wondering what do you all see that makes this a trade that worked out? Or was this just a random occurrence just getting lucky? Thanks

17.Jul.19 Red day. Watchlist: $MU, $SQ, $TSLA, $QCOM $CSX. Trade 1: $MU. Took conventional ORB at the open. Took short on the pullback to VWAP, got stopped out. 1.5R loss. Trade 2: $CSX. Another ORBD at the pullback. One partial and then got stopped out above VWAP. I don't think the stop was too tight. May be I could have re-entered, but after a loss, I move to other stocks. Probably to avoid Revenge trading. Trade 3: $ AMD. $AMD and $MU were choppy today. I noted the price popping up above the resistence and also setting a trend. I took it long after the bounce (red hammer candle 1min) Price moved slightly and then dumped to stop me. Trades 4&5: $TSLA. I took long after price broke VWAP mid-day with a strong candle and offered pullback. Got stopped out. Went long again as the setup was there. my target was $257(2R), I moved it higher, once the stock was strong. But got stopped out BE. No partials. . Good: Not much, except no Revenge trading. Improvement: I need to reduce my sharesize. And analyze my stops. For the 3rd day, I am getting stoped out on good setups. I had 2R on $TSLA, but moved my target after seeing the price action, stopped BE. May be i should partial once before moving my Target to higher levels.

Per the YouTube video here, we will be posting one infographic each day. #1 - July 9, 2019 #2 - July 10, 2019 #3 - July 11, 2019 #4 - July 12, 2019 #5 - July 13, 2019 #6 - July 14, 2019 #7 - July 15, 2019 Poster (Download Full Size Here)

18.Jul.19 Green Day. I had changed my strategy a bit. I have reduced my R factor by 50%, My Max loss is 4R, Daily goal is 4R. Because I am starting out without PDT rule, I would like to take as many trades as possible to confirm my style of trading. It may result in overtrading a bit and lot of commissions. But I think it is important not to restrict myself when i feel the setup is there. My Risk controls are my Maxloss per day and small R. I can do this in SIM, but sometimes I get very complacent in SIM. I will journal most of the trades that are relavant, if not all. Watchlist: $AMRN, $AMD, $MU, $FB, $ROKU (although I liked $NFLX, price is not in my range) Trades 1, 2, 3 & 4: $AMRN, I liked $AMRN because it was gapped down. Price is within my range and it is not very volatile. I took ORB down after a shooting star (alike), got stopped out after 1R. I waited for the price to pop above VWAP, took it long after the long wicked candle, got stopped out. Did it again, and got stopped out. Then the price starts to move up on ABCD pattern, I took it long now and exited at HOD. Missed the move, but I was short biased on $AMRN and was worried about the Double top. But $AMRN traded much better than I imagined. Trade 5: $AMRN. I am a bit emberassed about this one, because of the way I managed it. This is probably one of my worst Trades if not The absolute worst. Mid day, I noticed that $AMRN started to reverse. i saw the Shooting star on 15min at the 50MA. This was perfect setup. My entry couldn't have been better. But I chickened out after the price retraced back to my entry. I missed a 10R move. I was already Short biased on $AMRN and I should have stayed in this. As expected price came down to 50MA on daily and even close to 200MA daily. May be I just wanted to stay green today, however small that is. I expect $AMRN to be in play again tomorrow. Trades 6 & 7: $MU. $MU was strong on the daily. It created a false VWAP breakout on the downside, then came above resistence including VWAP. I took it long and partialed at HOD. Went long again on the pullback to the HOD. Nice Trend trade. I managed it quite well. Trades 8: $AMD. Noticed $AMD wedge forming at $32.77 (daily level) Took it short at the break of wedge to LOD. Partialed once before exiting at new 15min high. Neat trade. Trade 9: $ROKU. This was a really nice Reversal trade. 15min had strong support 50 and 200 MA below. Price bounced off of 50MA also forming double bottom on 5min. This is A+ setup. Sold all the way to VWAP. Good: I like my new strategy to cut down the R and be open to take more trades. I can learn a lot from it. Also means, I am operating with small share sizes, which I will slowly increase every month. I changed my DAS layout also, and like the new format. Improvement: Need to accept the loss on a Trade, I am still hesitant and assume that my trade setup is going to work every time. Or I am cutting short my trades so the A+ setup now becomes an Invalid setup ($AMRN short). $AMRN could have been my one and done. My focus is to try and avoid this going forward.

thanks Rob i'll check it out. i was thinking maybe it's better to remove the per trade stop loss so i have to work on doing it manually. a lot of the time i hesitate to exit because i know the auto-stop is coming. I'll remove it starting tomorrow and see what happens.

double top on the 5min rejecting the $29.62 level (high of pre-market?) plus that indecision candle on the 5min with a break lower. then it starts making lower lows, lower highs on the 15. just my 2 cents.

Thursday 7/18/2019 I had a well-being score of 6.5/10 this morning. My nerves were actually OK. I wish I knew why some days my nerves are better than others so I could control them more. I took one live and one SIM trade today. Though I will only journal the live trade here. I was focusing on MU and AAPL again. I was hoping to trade FB at least once this week, but AAPL had OK premarket volume and some news. AAPL opened and the price dropped and bounced off the 200MA-1min and formed a hammer with really good volume. There was a triple level of a 203.97 daily, the $204 and the 50MA. When it broke these levels I went long. My target was 205 and stop out at the 200MA-1min. R/R~3 which is really high at the open. I took an early partial at the 200MA-5min since I was worried about a bounce. Then I got a really bad fill. My fills with Centerpoint have been getting worse and slow lately. So, I essentially took a partial at B/E. That messed up my emotions. So I did what I usually do when I am not controlling my emotions, I take a ton of partials. The only thing that saved me was I took small partials. So I did have 20% of my shares left when I hit my target. It doesn’t sound like much, but if I partialed with regular size I would have had 6% left. What AAPL looked like when I took the trade: The complete trade: I also took a SIM trade with MU. I actually had a winning 5min ORB. I can’t remember the last winning one. Score card for my live trade. AAPL 88% What I did good today: I was much more prepared today for the opening bell. How did I challenge myself today? Tried to trade on SIM as if it was real. What I did bad today: Let my emotions effect my trade management What can I do better tomorrow: I should have tried some calming exercises during the AAPL trade instead of just baring the emotional swings.

I have found, that when I trade sim if I focus on a specific element of my trading plan to work on it allows me to focus and feel more productive. i.e. yesterday, I focused on taking an entry for moving average cross overs and analyzing why I thought it was a good entry. I did not care about the rest of the trade just analyzing why it appeared to be a good entry to myself.

Wednesday 7/16/2019 I had a well-being score of 4/10 this morning so I only traded SIM. Today was one of those days showing why I don't like trading SIM. I took a trade on a bad setup and immediately got stopped out. Then I started taking lots of trades and breaking lots of rules. Yes its all on SIM, but these are bad practices that will weaken my resolve the next time I trade live (hopefully tomorrow). What makes things worse is my last trade was a big winner, thus helping to solidify the bad habits. I will not journal any of my trades here, though I will review all the video tonight to see if there was anything to be learned. I hope the rest of you had a better day.

This is a really good and important topic. We will get something together on this for August. Thanks!