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Showing content with the highest reputation on 09/07/2019 in Posts

  1. 2 points
    Friday September 7th, 2019 Sleep: 7.5 hours. Mood: good ready to trade. have family in town so i really didn't have a lot of time to concentrate on my trades today. i wasn't planning on taking any but i saw some opportunities and i though, why not. First trade of the day was an ABCD on $DOCU (3/4). Docu was gapping up on earnings. missed the ORBU but then i saw it was making an ABCD on the 5min. got in on a pullback to the MAs. didn't like the rejection of the MA on the 5min and i got out before a new 5min low at break even. GOOD: setup, R/R, trade management RFI: maybe skip the trade because of the MA resistance. MOOD: glad i was quick enough to get out CONSISTENT: yes. Last two trades were in $TNAV. $TNAV gapped up after yesterday's collapse from news GM was partnering with Google. the first trade was a bull flag on a 2min chart. waited for the new 2min high on volume and the pullback to the MAs. cold not break though the daily level of $6.03 so i got out at breakeven or small win. (3/4) GOOD: good setup, entry. RFI: wasn't in love with this trade. MOOD: good CONSISTENT: yes should have got back on after the new low but i didn't and i pretty much took the same trade again with the same result. liked it better the second time and i'm happy with the entry just wasn't the right time again. GOOD: good setup, entry. RFI: had i got in lower, it would have been a decent trade. MOOD: good CONSISTENT: yes
  2. 1 point
    9-6-19 up at 0745 with about 6.5 hours sleep feel OK.... SSS and making a coffee now..... PAT: Any ORB plays I should make double sure of as they have not been working out of me lately due to either me or just going against me... Go back to my normal 1R 25% partial with closer to correct share size entry..... Make sure I use my playbook with confirmation DOCU first....... PB#1....... 5min ORB .... Bad 1/1 RR using 54.76 (daily lvl) and C....... I did have an ABCD pattern on the 1min but I should have waited to break the previous candle for confirmation..... got stopped out at C...... This was also a strong stock which is another reason for me to wait on even more confirmation next time... (34.00) second.... PB#2...... VWAP reverse...... 3/1 RR using Low of PM and HOD..... took it at break of VWAP on 1 and 2min with lots of green on the T&S and nice size ask orders on the LVL2 within range........ going back to my 25% partials and all out at break of 9 and 20 on 1min and a new low on 5min...... third...... PB#2..... continuation of prev. trade when it turned back to favor a long trade breaking the 9 and 20ma on 2min..... took 25% partials and all out at BE...... combined +43.55 +9.55 WMS...... PB#1..... ABCD with confirmation of the bounce off the 9ma on 2min....... 2.5/1 RR using C and HOD...... took my 25% partials (2) and a 10% then all out when it broke the 9ma with lots of selling pressure on T&S and LVL2...... +16.64 AMD...... PB#3...... Trend..... took a bad trade and got out as soon as I realized my mistake..... (6.00) WMS.... PB#3.... 2/1 RR using 32.12 intraday support and HOD...... took very small size and will look for another entry if possible..... 1048 looking for reentry here but did not like the shooting star on the 2min.... 1053 same reentry prob but this time it looks like the Bears might be exhausted for now...... if the Bulls show up I will add in.....1059 All out as the 9 and 20 were broke on the 2min and the 9 was broke on the 5min..... looking at it after a knee jerk reaction to it the 5min looks like it was the trend here and I should have held it for my original Stop..... (11.00) GWRE.... PB#3 ...... Trend found on scanner and looked for news.... The spread on this is a litle large so I will try to be very careful... 1126 looking for GWRE to pull back to the 9 on 2min for an entry...... In at 1137 1138 two small size..... took 25% at 111.00 and all out at BE.... Will still look for entry from the good news for the long..... in again at 1146 very small size....1150 out 25% at 111.00 if it holds 111.00 as support I will add in.... 1152 out 25% at 111.50, partials at even dollars and .50s ........ 1154 the 9ma has moved to 111.00 so I will add if it pulls back to the 9ma.... Out another 25% at 112.00.... 1200 added in which moved my avg to 111.40 which will also be my loose BE stop.... stopped out below BE..... +54.43 Cons: Did take a trade without good confirmation.... I do not like trying to scale in as I feel like I am leaving money on the table, I will go back to proper size positions next week. This cost me big on my winning trades as in GWRE (I would have never tried to reenter and lose somewhere in the neighborhood of 150.00) and my losers would have been only about double bringing my daily profit way up...... Pros: I felt good about my trade management.... Took only trades out of PB..... R =50.00: +63.72 Weekly Goal 4R (only 4 days this week): 77.02
  3. 1 point
    Friday 9/06/2019 I had a well-being score of 5.5/10 this morning. Taking half share size today because it’s Friday. I took 1 live trades this morning, with BABA. So AAPL and BABA were on my market open watchlist with MU, AMD, ROKU and LULU on my 5min ORB watchlist. Centerpointe now finally has shares to short for ROKU!! I was quite surprise to see them this morning. I feel much more comfortable having ROKU on my watchlist now. BABA daily looks interesting, maybe on the verge of a break out. Then BABA had a nice drop 5min before the open. But I still had no bias at the open. APPL was interesting that it had a lot of tech levels above the current price and none below. I also, had no bias. If the price dropped there are no levels to stop it, but if it goes higher there are levels to attract it. Both stocks were setting up so my attention was split. BABA really respected the PDC in premarket so I was waiting to go short if it broke through it. The price broke through it and I shorted, or so I thought. Since my mind was on long AAPL at the same time and oddly both stocks had approximately the same R value for the trade and similar stock price, I accidentally went long. Except for my issue switching to and from SIM I have not had a hot key mistake in 5 months. But, I was pretty quick to realize it and correct it. There was only 3 seconds from sending the buy order, selling the buy order and sending and executing the short. Sadly, I lost 10 cents on both trades. So I was already 20 cents in the hole. When setting up the trade I was planning to aim for the 176.50 level as my target and the 179.25 PM level as my stop. But that’s a R/R~8 which is too big and unrealistic. BTW it did reach that target in 4 minutes J So I chose the 177.94 daily level as my target. After the hot key mistake my R/R<2 but since I really like the 176.50 target and I was taking half shares (it’s Friday) I thought the risk was still fine. Again, I did take a lot of partials but kept them small. I still had almost half my shares after 4 partials. Then once I reached 3R I partialled heavily and all out at 177. I don’t look at my P/L anymore, but I can tell even with the hotkey mistake the trade was a +2R or better. Instead of switching to SIM I rewarded myself, for the one and done, to turn off my platform and help get the kids get ready for school. Score card (live trade) hotkey mistakes are not included in my score card. BABA 93% What I did good today: Traded something besides AAPL. Took a good setup. What I am grateful from today? Recovered from hotkey mistake quickly. What do I need to improve on: Taking partial profits of course.
  4. 1 point
    September 5, 2019 - Nothing I had $MU, $SIG, and $CIEN on my opening watchlist and did not get my entry with any of these stocks. It did feel good to watch the charts all morning without the FOMO because I knew my entries were not preset. I switched my display after 30 minutes and started looking for moving average cross-overs. I did not get any to appear in the time I had to trade. I was planning to come back for the afternoon, but work over took my lunch so I ended up not getting to trade. Better luck tomorrow. Sample Set Results, S 2 3 P 5 6 P G S E E S P 14 15 16 17 18 19 20
  5. 1 point
    Also, when your montage is selected, whether you select it by clicking on the montage, double clicking the chart linked to it, or having a hotkey, for me at least, it automatically selects the montage AS WELL AS highlights the ticker symbol field within the montage. So lets say I am in a position, ready to get out, select my montage, but then accidentally press some random key, it will change the ticker symbol and when i try to place a trade, a notification message comes up. . . "This order will be placed for symbol "AAA" (whatever your chart is on), but currently symbol "?" is entered in the symbol text box. Continue?" So its great that DAS is trying to do the right thing, but in the heat of the moment, and especially if you have never seen this message and unaware of exactly what happened it can be a big distraction at the perfectly wrong time. Hope this saves anyone from the fate it caused me first time I experienced it.
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