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Showing content with the highest reputation on 09/01/2019 in Posts

  1. 1 point
    Marcel, I have pretty much the same set up.
  2. 1 point
    thanks Glenn, you too. i used to be harder on myself too but i learned from the daily trading coach that it's more detrimental to your performance to be negative in your writings. I try to keep my journal tones the same as i would giving advice to a friend, though easier said than done.
  3. 1 point
    UPS for PC Interactive Brokers desktop app +iphone app Das trader iphone app
  4. 1 point
    Thanks @Robert H! I finally made it further down in the Education Center playlist. Your contributions are still paying dividends. I know now that I am normal and it is fixable... https://bearbulltraders.com/lessons/robert-h-2-17-19-time-frames-and-chart-patterns/ https://bearbulltraders.com/lessons/roberts-rants-patience-and-perspective-pilot/
  5. 1 point
    Glad to here that things are starting to turn around for you. Self reflection is worth a ton. I summarize more here on the forum but my written notes I am much harder on myself with colorful metaphors and such..... Have a great weekend....
  6. 1 point
    Live trading summary of the month of August. So last month was my first positive P/L month since I have been live. My first 3 months live were quite red. My next 5 months were flat. I define flat P/L as the EOM P/L +/- 3R. Then one positive month and now I just finished my first negative month in 7 months at -5.8R. Both my worse week and second worse week (P/L) occurred this month. With that said, it actually wasn’t a bad month. My score card for the month was 85.9%, slightly higher than last month. My win rate for the month was 46%, which included one week of only 22% winrate. What is also very interesting is there was not even one trade that I took without a good setup. There were definitely bad trades, one to three a week, but not due to a bad setup. I would say all but one of my poorly scored trades were due to the same thing, how I handled a bad entry. Half the time a bad entry is not my fault, it was a bad fill. That is OK, if you manage the bad fill correctly. I never did. The simplest way is just get out of the trade as fast as possible. Another way is to take a heavy partial renormalizing the risk. I don’t do either. I wait to be stopped out for much larger than my 1R. Sometimes the bad entry is my fault. I miss the correct entry and took the trade anyway. I started taking the course (home study version): Van Tharp Institute Peak Performance Course for Traders last month. To place some accountability on myself to finish the course I have been posting my reading notes and assignments online. Please see my link if you are curious about the course. I have finished the first two volumes of the course (there are a total of 5 and they get bigger as you go). When I say finish, I mean reading, taking notes and completed the exercises. https://forums.bearbulltraders.com/topic/1286-van-tharp-institute-peak-performance-course-for-traders-my-journey-through-the-course/ Stats for February/March/April/May/June/July/August: February March April May June July August Total # of live trades 21 34 36 36 38 19 25 Hulk Days 0 0 0 0 0 0 0 Max Loss Days 0 0 0 0 0 0 0 Broke max trade rule 1 1 0 0 0 0 0 Hot Key Mistakes 1 1 0 0 1 2 3 Score card 81% 81% 84.5% 85.8% 85.9% Note all 6 hotkey mistakes, from the last 3 months, were due to incomplete transition from live to SIM. SIM trades have gone well this month. I definitely see an improvement. Aiming to go live with some 5/10/15 min ORBs in September. Goals for September: 1) Don’t go hulk. 2) Learn to control your emotions after a loss. 3) The trade score card average for the month should exceed the previous month. 4) Keep risk per trade $30. 5) Keep improving health. 6) Keep making SIM trades on 5/10/15 min ORBs 7) Start taking small live 5/10/15 min ORBs when stats say I am ready. Continue with the Van Tharp course for traders. 9) Work on being able to manage a trade with a bad entry. Either exit or take shares off the trade to re-normalize the risk. 10) Allow a third trade if a previous trade was exited well early for a tactical trade management purpose. 11) Adjust score card for harsh penalties for not managing a trade well after a poor exit. 12) Keep P/L window closed for the whole month of September. Only after the last trading session, on the last day of the month I can look at it. I need to focus on score card only.
  7. 1 point
    Live trading summary for week ending 8/30/19. An unusual week. It’s my best week for score card since I have been tracking that with an average of 88.4%. But it was my worse week, for profitability, in 7 months. Which strikes me as very odd. I took 8 live trades this week. One trade was really bad, I was slow entering the trade compounded by a bad fill and as usual I can’t get myself to bail on the trade. Thus I took a -2R. I had only two trades go for a good run. One I was stopped out by 1 cent and missed the run and the other took only 1/3 the appropriate shares. So I only made +2R from winning trades this week. Since I took -5R on the losers it was a bad week, even though my win rate was 50%. I took quite a few SIM trades (5/10/15min ORBs) and my SIM trades improved throughout the week. I did take some non-AAPL trades, this week, with TSLA. Back test data shows AAPL still in play at the open, though still acting more like a scalp with little chance to run. TSLA and MU were marginal last week at the open and will be removed from focus at the open. BABA had a really good week at the open, though this is unusual for BABA. Here is my plan for this week: P/L will be closed and not looked at until the end of the month to help focus on process and score card, not on W% and P/L AAPL is still in play at the open. Make it the primary focus. Take heavier partial profits, assume it’s a scalp at the open. AMD, TSLA, MU and FB are marginal. Do not trade at the open until better data. Keep $30 risk per trade. You can look at BABA for secondary focus at the open. If there is a really good stock in play it can be made the secondary focus. If I trade BABA I will use small share size until I learn the personality of the stock. Keep trading 5/10/15 min on SIM Don’t add to any trade, even winners. Continue with the Van Tharp’s Peak Performance Course for Traders.
  8. 1 point
    Some more icons created, included in the pack here: https://drive.google.com/open?id=1zoTI4RAYK0GRGmkVt-NQA3V9czg-UKHV
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