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Showing content with the highest reputation on 08/16/2019 in Posts
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2 pointsUser @Misjo asked in chat this morning how to do this. So here's a quick video, posting here to add to the shared knowledge base. Question was: How to set an order so that if the price of a stock broke above an upper range limit that it'd go long and if it broke below a lower range limit it'd go short. Added that if one triggers, it cancels the other. Set Upper Range as: - Stop Order, Price is the "Up to" portion of the order (e.g. fill me up to this amount. Can also be a StopType: Market to not worry about this). - Trigger Price: The price at which you want this order to fire. - Hit "Long" button. Set Lower Range as: - Stop Order, Price the "Down to" portion of the order (e.g. fill me down to this amount, can also use a Stop Type: Market) - Trigger Price: The price at which you want this order to fire. - Hit "Short" button. Once range is set, open Open Orders window (Trades > Open Orders) and right-click one of the pending orders, select "Trigger Order" and then when the Triggers window pops up, hit the tab "Cancel Order." On the that tab, select the corresponding order you want to cancel (if we are doing the LONG portion, we'd have the option to select the SHORT portion). Do the same for the other Open Order. VIDEO: As always, enjoy my lovely "has this guy hit puberty yet" sounding voice below. Any questions, just post here.
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2 points15.Aug.19 Green day. +3r. Watchlist: $BABA, $CSCO, $GE, $WMT, $CGC. I traded only $GE as it was in play on a negative news and i found it trading very well. Trade1&2: $GE. Gaped down daily, due to news. Took it short on the pullback, got stopped out. Three 1min candle appearing to go high with long lower wick, Flipped position for Long, got stopped out again. Very small sharesize. Total loss -1r. Trade 3: $GE. Price bounced off 50MA 1min, took it short with a stop of 8c (above 50MA 1min, where it bounced). Took partial at 2r. Exited all on a new 5min high. Best trade of the day. Trade 4: $GE. Took short below VWAP after doji on 1min, price didn't dump, so gotout for 0.5r. Trade 5: $GE. $Price moved to 200MA on 1min, bounced off, I took it short. Very good trade. Entry - $8.39, Stop - 4c, Partial at 2r, 5r, 8r. Good: Managed the emotions and trades well. Didn't overtrade. one of my best days. Improvement: Missed some move on $GE as ran 30c beyond my last partial, could have kept 5% to run till the end. But overall happy about the day.
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2 points8-15-19 Up at 7:30 with 5hrs sleep. SSS Coffee.......... Thinking I may start waking at 8:00 as I have got much faster at premarket research........ PAT: Continue using my Sticky Notes as my guide............. Do not overtrade out of boredom........... Look for more Patterns........... Fine tune trade sizes for R/R............. Look out for strong MAs.... Need to get back to my basics and stop trying to rush / mirror trade..... Take my patterns and do my normal partials and honer my stops.... -MU 42.27 ORB .04/.19 @ 500 shares (with a .04 risk I should have taken 1000)............ I also made a hotkey mistake and took a quick in and out on for a small 5.00 Profit which turned out better for me this time....... All partials were 25% ......... +92.01 -AMRN 14.73 VWAP .05/.25 @ 500 shares (was gonna take 800 but with the day moving on I decided to go smaller)....... entered when it broke below VWAP and had the 50 and 200 as resistance on the 2min and the 9 and 50 on the 5min........ Ultimate target was Pre-Market Low 14.48 but was happy to hit the 200ma on the 5 (I was slow on the trigger)......got all out with profit as the market in general was chopping pretty bad...... I need to stop messing with my targeted stops (BE after a partial) as this could have been a big win..... +30.26 Cons: Should have taken double the shares on MU which would have been a one and done...... Should have hung on to AMRN for BE on final, it did end up going to my ultimate target for way more profit (I may be a little tight when it come to taking profit and running).......... Still need more fine tuning on my share size Pros: Waited on the first 5min to trade...... I did honer my Sticky Notes and PAT Note to Self: Still need to fine tune my share sizes....... always use my Sticky Notes.... Profit Target (50.00): +122.27 Done for the Day... If I take anymore trades It will be SIM of SIM
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2 pointsThursday 8/15/2019 I had a well-being score of 6.5/10 this morning. My nerves were OK. I took 1 live trade with AAPL and 4 SIM trades. AAPL and ROKU looked fine to have as my two main focuses againthis morning. I was long biased on AAPL only because it seems to move higher at the open recently. I did assume that I will have to take a trade in the first 30 seconds. It’s just the way AAPL is moving at the open. AAPL open lower and tested the 203 level and then made a nice hammer setting up for me to go long at 203.50. The issue, like yesterday, the volume was not strong and I have a strong daily level in my way at 203.73. So I waited for the price to break the level and I went long. My target was 204.50 with a stop at 203.50 like yesterday. I was able to get in 3 small partials before price retraced. Since these levels were the same as yesterday I should have taken a heavier 3rd partial knowing it may reverse at those levels. The price reversed and I exited at B/E. And just like yesterday if I held until the level just below B/E the price would have bounce $1.50. Again I am not ready to change my exiting rules yet. The chart when I took the trade. The entire trade: I then took 4 SIM trades. Three were just one partial than S/O at B/E and one was a full –R S/O. I got a little farther with short finder app with Centerpoint and now I see you can’t use it in SIM. I was hoping I would still have to pay for the location and reserving them, but not take the trade. But no dice. They have a 100 share min and I am not ready to take 100 shares on ROKU. So I didn’t use it today. Score Card (live trade) AAPL 86% What I did good today: Becoming less stressful to open trades under 1 min from the open. What I am grateful from today? My 5min ORBs (in SIM) are slowly getting better. What do I need to improve on: Need to revise and back test exit strategies.
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1 point16.Aug.19 Red day. -1r. Not a great day today. But loss limited to 1r, despite bit of overtrading. I will not be trading next week as I am on vacation. Keeping my journal short today, due to travelling. Watchlist: $NVDA, $AMD, $AMAT, $GE $NVDA: Trade 1: Traded in the premarket, biased for Long. Took profit and got greedy, increase sharesize and got stopped out. Trade 2: When the price bounced off 200MA 1min, took a position for long, got stopped out (as I was waiting for $NVDA to reverse due to my bias) Trade 3: Took Long after price bounced off multiple times at 50MA 15min, Good partials too. Added in between, hence stopped out at BE. Price reached my final target of VWAP. $GE: Traded $GE as a follow up to yesterday. Didn't trade cleanly today. $AMD : Traded $AMD when $SPY surged on a news. Scalped the move. Good: Nothing much except kept the loss tight. Improvement: Today was the first time I breached my rule in Premarket (share size). Breaching a rule in premarket disturbs the whole day. STAY GREEN!!!
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1 pointHello Traders, We are planning a meet-up in Zurich Switzerland (Andrew is in town) on Sunday, August 18th in the evening. (Either at the the lake or close to the airport) Anybody interested? Greetings, Tom
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1 pointAugust 15, 2019 - Stop and Partial ($AMDx2) Not too bad of a day. I missed my perfect setup on a 5 min ORBD at the open. Man it was perfect, I just hesitated a little bit because the five minute candle was above the VWAP. This lead me to take a bad 1st trade on a pullback towards VWAP. I managed the trade well, it is just not my normal entry. Gave into FOMO. My 2nd trade was much better. Allow I got stuck in chop, it was my entry I like and I stuck with profit taking plan. It eventually hit 1R and I got a partial, and then stopped out at breakeven. The stock never hit 2R before hitting my original stop. Overall a good trading day Sample Set Results, S 2 3 P 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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1 point15/8/19 feel okay today very medium not much to report. had an odd day, a pretty frustrating start but once a took a break came back to make 3 pretty decent trades so ended up just in the green and calling it a day. 11 trades: 8 winners (VWAP reversal, False breakout, VWAP bounce, trend trade x 2, booty reversal x 3) 2 losers (chasing an ORB, trend trade) 1 what the fuck was i doing. (overtrading AMD) but my winners were small/average winners and losers were full sized. Trade 1: didnt find a good 5 min orb so chased cgc and stopped out. not a good start. Trade 2: thought AMD was doing a VWAP reversal, didnt partial at VWAP which was stupid then i saw how it bounced so flipped my position for a profit and profited some on the way down. Trade 4: CSCO already bounced off VWAP so after it bounced again i went long, got 1 partial then out at b/e. Trade 5: to be honest cant really describe my thought process here. was just overtrading AMD gonna leave it at that. ill try not to do it again but we all know i will... Trade 6: WMT was weak at the open, it made a big pullback but rejected the 9 on the 5 min so went short on the way down got some partials then out at b/e. Trade 7: CGC bounced off the 200 on the 1 perfectly so went short at the 20 with a very tight stop and got all out when it reached the 200 again expecting another bounce, quick scalp. Trade 8: WMT was looking like a trend, got in on a hammer, added after the next hammer that was a higher low but reversed on me. Trade 9: MU turned very bullish, so i went long at a consolidation as the MAs were crossing and got 1 partial at VWAP then out when it wasnt making higher lows. Trade 10: CGC looked like it was reversing and also broke out of a lower highs area so went long for a nice move up. Trade 11: third reversal in a row, made 3 successive higher lows so went long after the third one for a nice move up and out before b/e overall feel okay about the day, wish i didnt trade the open and get worked up tbh, but taking a break did a world of good.
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1 pointThursday August 15th, 2019 Sleep: 7 hours. Mood: good, ready to trade but busy all morning. First trade was an ORBU in CSCO. Almost took this in sim because the 50 MA was resistance on the 15 min chart and because i was afraid it wasn't going to break the HOTD but it did look like it was going to pop so i got in risking a new 2 min low. i planned to take half off at the 50MA on the 15min chart, which i did and then i held the rest to a new 2min low which happened immediately. Going back, I would have either taken all off at the MA or got out the other half at break even i pretty much broke even on this trade. GOOD: didn't FOMO and jump in, got in on a plan and did pretty well executing RFI: didn't have a full exit plan and ended up giving some profit back MOOD: good CONSISTENT: yes, but need to plan more Next trade was in $GE. took a reverse ABCD. My stop loss above VWAP at $8.52. I wanted to get in at $8.41 which would have been an ~2R to the $8.21 daily level. ended up hesitating on the new 2 min low then again on the new 5 min low, finally got in on the break of the low of pre-market at $8.38 giving $0.14 risk. it made new 5 min lows but it was not selling off like i thought it would. as soon as i got in and saw the daily range of 60 cents and saw my reward being $0.30 (2R) or $0.45 (3R) i figured it wasn't possible so i wrestled with the getting out because i didn't accept my risk or because it's just not selling off like it should be. finally decided to get out after a new 2min high, i just bailed at break even. glad i did because i would have got stopped out. it ended up doing a VWAP false break and then selling off hard. should have jumped back in but i don't have that capacity as a trader yet. i get too stuck on my opinions once my minds made up about the direction the stock is going to head. GOOD: got out of a trade that wasn't working RFI: too far of a risk given the range of the stock MOOD: fine, glad i got out. CONSISTENT: yes, ended up being a good choice to get out at break even What i did good today: trade management better than Monday and Tuesday What i did bad today: should have got all out at BE on $CSCO. What can i do better tomorrow: work on not letting my personal bias on a stock direction effect my trade entries. Can't trade tomorrow so this is it for the week. Ended up at almost exactly break even for the week. hope everyone has a green trading day and green Friday!
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1 pointWednesday 8/14/2019 I had a well-being score of 6.5/10 this morning. My nerves were OK. I took 1 live trade with AAPL and 5 SIM trades. AAPL and ROKU looked fine to have as my two main focuses this morning. I was long biased on AAPL. At the open the price dropped and tested the 202.87 level and bounced. Then created a nice hammer at the 203.50 level. Broke it and retraced testing the 203.50 level again on holding. So now is the perfect time to go long. But there is an issue. The volume was not there and I have combo 50MA-1min and 203.73 level in my way. The price only gave me 1 second at 203.50 and I decided not to enter. Then the price popped and broke the two levels I was worried about. Did I check if it was holding that level? Did I wait for it pop up higher and retest the level so I know it’s strong? No I was too itching to take the trade at that point. Volume was still not quite there but at least there are no levels above it for 60 cents. So I entered at 203.74 with a target of 204.50 and a stop of 203.50. that stop was too tight, though that level had proven itself already, so I took half shares. The target looked strong having two daily levels. I partialed at 204 and at the 204.33 daily level. Looks like the 204.33 was too strong and price retraced and I exited at B/E. Too bad if I took the trade at 203.50 I would have survived the pull back and caught the run with AAPL. But without the volume I don’t think that entry had low enough risk. The chart when I took the trade. The entire trade: I then took 5 SIM trades. Two were winners and three I was stopped out (all with ROKU) . I still have a lot to learn on ROKU. I tried using the short finder app with Centerpointe and was unsuccessful. Maybe because I tried to use it on SIM. I knew I would still have to pay for the location and reserving them, but they have a 100 share min and I am not ready to take 100 shares on ROKU. Score Card (live trade) AAPL 88% What I did good today: I like that I considered volume in the AAPL trade. What I am grateful from today? That I am still just taking paper trades on ROKU. I almost took one live today. I know better now. What do I need to improve on: I need to learn how to use the short finder on Centerpoint. I will call them today to determine what I did wrong.