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Showing content with the highest reputation on 08/24/2019 in all areas

  1. 1 point
    I am a couple of weeks into trading in simulator. I think the toughest thing so far is not getting caught up in the 1-minute candle action. I get so fixated on watching the price action there, that I fail to keep it in the context of the other time frames. Patience in the other time frames is not my virtue when candles are flying all over the place on the 1-minute chart. I guess all of that is part of the learning curve, though. I did much better with this yesterday and had two really good trades, catching a dollar move twice. I also had two trades that were a wash - 10 cents up on a stock then giving 11 cents back, and one that flat went the opposite of the setup I expected and lost 26 cents. All but the last one, I could have traded better, had I not gotten trigger happy by overly concentrating on the 1-minute chart. Does anybody have any pointers on using the different time frames correctly? It looks like Andrew is trading the 1-minute candles much more now than in his books. In what time frame is everybody else looking for setups and managing their trades? I know congruence is also key. In which time frames are the moving averages more important? Is VWAP more important on the 5 min vs the 1 min or the 15 min. Or does each stock tend to trade one time frame 'better' than another? Do you just have to watch real-time price action to see in which time frame a stock will respect moving averages and VWAP, or are there some general rules that apply broadly? Sorry for the barrage of questions. I am really enjoying learning this! This community is great. Thanks @Andrew Aziz for your awesome books and the rest of the community for the wealth of information! -Lane-
  2. 1 point
    Week 34 Recap Ok to good week for me. Got shook out of a good trade Monday which caused me to take a -2R loss on Tuesday by holding on to my stops when I should have got out. Thursday and Friday were better trading days though I’ve been more cautious and fearful with my entries. The upside being I’m more often right on the direction of the trade, at least initially. · Weekly stats o 2.9 planned R/R (Goal: above 3.0) [Previous Week: 2.8] o 19/20 95% (Goal: above 80%) [Previous Week: 100%] o $9.23 (Goal: $150) [Previous Week: -$0.01] o 3/5 60% trades with the trend (Goal: 100%) [Previous Week: 100%] o 2/5 40% Non-optimal Entries (Goal: 0%) [Previous Week: 17%] o 0/5 0% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o 0/5 0% No Setup (Goal: 0%) [Previous Week: 0%] o 3/5 60% true win percentage (Goal 45%) [Previous Week: 33%] · Highlights o BA trade on Friday that went straight to my profit target o For the most part I’m doing a better job waiting for the pullback and getting in on a new 2min · Ongoing things to work on o Trying to work on a systematic way to get out of a trade before my stop that doesn’t include my emotions. I.e. looking for specific reversal patterns (shooting stars, hammers, 2min engulfing) that I can use to exit my trade. Like my CGC long on Tuesday. Could have got out with a small profit instead of a full R loss. o Need to revise my point system for setup/trade management. It is no longer providing useful information.
  3. 1 point
    I am in Fort Lauderdale and would attend!
  4. 1 point
    Friday August 23rd, 2019 Sleep: 7.5 hours. Mood: good, ready to trade but feeling fearful this morning. i missed so many good trades the first hour. $HPQ wedge, didn't take it because of the 200 MA on the 2min. $BA 2MIN ENGULFING because that's a new pattern i'm working on and i don't trust it to take it live yet. and another $BA textbook ABCD that i was just too fearful to pull the trigger. finally convinced myself to get in to $BA after a hammer and holding the 9ma on the 2min chart. got out $0.10 early on fear but ended up losing $0.30 on the spread. still happy with the trade. glad i finally convinced myself to jump in the trade. GOOD: took a good trade, entry was good, R/R good RFI: exited on fear, hit my profit target with no trouble MOOD: happy, good trade CONSISTENT: yes but no i should have held to my profit target. What i did good today: took a good trade, didn't FOMO What i did bad today: left so many good trades on the table What can i do better tomorrow: take the dang trade!!
  5. 1 point
    @WilliamH What are the preferences? Such as, where would you rather, beach area or attractions area? Both could be accomplished in your trip, time permitting. It takes about 2hrs to get to a good beach (East or West) from Orlando. And Tampa has more attractions like Busch Gardens and from there the beach is under an hour away. All of which is considered Central Florida. @JD however I can help you, just let me know.
  6. 1 point
    We gotta have you there! End of October work for you?
  7. 1 point
    Im down for end Of October, Im in the Tampa area (pasco county). Weekends work best for me.
  8. 1 point
    I’m in ST. Augustine but anywhere in FL is fine with me. My kids birthdays are both in October. So got to be a little careful there.
  9. 1 point
    Hey @WilliamH, the end of October sounds like a good idea.
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