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Hello everyone. My name is Jens. I’m 21 years old and live in the Netherlands. In July I graduated from the University of Applied Sciences as a mechanical engineer. Since two years took investing in stocks my interest and started reading about it. The last year I’ve been getting deeper into day trading. I’ve read Andrews book which got me more excited about day trading. At that time I was still in college and decided to join the bearbull traders community. I went through the education lessons and took 3 months of simulator to find out if day trading was something for me. I enjoyed this 3 months very much and wanted to get deeper into it. Unfortunately, I had to unsubscribe 7 months back from BBT because a graduation period of 6 months was coming up, what I needed to focus on. Now that I am graduated I rejoined the community as a lifetime member and want to get back into day trading. Next to my job as a mechanical engineer, working 36 hours a week I am learning to become a day trader. From Monday till Friday I am working from 7:00 AM till 3 PM. The US market opens here at 3:30 local time, so after work I have about 15 minutes to find out what de market is doing and prepare for the trading day. From July on I’ve been trading in simulator to find out trading style fits me. From now on I am planning to document my journey as a learning day trader on this forum. Hopefully you guys can learn from my journey and I can learn from your feedback. I will mainly focus on Thor’ and Aiman’s Triangle breakout strategy. Last week I’ve seen the workshop and got really excited about this strategy. At the moment I am still in simulator and will be trading exactly the same as I am going to when I am trading live. That means that I start with a max loss per trade (1R) of $20. As soon as I am consistent in simulator I will sign up with CMEG and switch to live trading. From tomorrow on I will share my trades of the day and describe my thoughts about them. All feedback these trades is welcome! My rules are - No trades in the 1st 5 minutes - Minimal R:R on a trade must be 2:1 - Always respect my stoploss - Stop trading when I’m down 3R - Stop trading when I’m at daily goal of 3R - Don’t trade low float stocks

Live trading summary for week ending 9/06/19. My best score card week since I have been tracking it at 90%. It was a short week and one day I only took SIM trades. So I only took 5 live trades this week. I have not looked at my P/L all week. I will look at it at the end of the month. I took three SIM trades (5/10/15min ORBs) all were pretty good. Though my score card was really good and my win% was also good, I am a bit disappointed in my trade management. Both Thursday and Friday were 3 really good trades that I know I made very little profit. I am very poor at taking partial profits and on these two trades on Thursday I ran out of shares and missed most of the run. Either trade could have been the trade that makes your week, but instead they were just small profitable trade. The trade on Friday was an 8R move. I should catch at least 4R of it, even with my poor profit taking. But, with my especially bad profit taking, a hot key mistake and taking half shares due to being Friday I ended up with 1R profit. That’s quite concerning. I reviewed my trades again for last month, my first negative P/L month in the last 7. And I see three issues. First there were multiple trades with fills so bad I needed to immediately bail on the trade. I didn’t and took 1.5 to 2R S/Os. Next issue is my partialing got worse. I usually take 5 partials on the way to my target. I was trying to decrease it to 4 last month. Instead I increased it to 6. And the final issue was inconsistent risk. Most of my winning trades last month I took half share size. Most of my losing trades I took full share size. I took the half share size due to a new stock I don’t know well or that it is Friday. I then analyzed my partial profit taking for the last 6 weeks and compared it to the previous 6 weeks: June-July July-August S/O 29% 37% Only reach 1st partial 29% 13% Reach Target 22% 18% The most notable piece of data is my 1st partial went from meaningful to useless for profit. The next interesting info is I stop out, without reaching my first partial, 37% of the time. But my win rate is 50%. So where is the 13% discrepancy? I checked this and almost all my trades during that time period, that make to the 1st partial are losers. I let it go passed the B/E either intentional so I don’t miss the rebound or unintentional l (a large slide). I did take some non-AAPL trades, this week, with BABA. Finally, Centerpointe has shares to short for ROKU. Or what they call “easy” to short shares. Back test data shows AAPL, BABA, MU and AMD all in play at the open. So I have plenty to choose from next week. 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, BABA and, MU are in play at the open. Choose the secondary focus based on premarket. Watch out for volume on BABA. Don’t take a trade unless you see 100k in one minute. Keep $30 risk per trade. Even though my score card allows me to increase to $42. I need to keep my risk more constant until I fix my partialling issues. Create another button with 1/8 share size Sell/Cover to use on 1st partial. The ¼ is too large unless it is a scalp. Try to exit at B/E after a 1st partial. Don’t look for the rebound. 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.

Week 36 Recap Took some poor trades Tuesday and Wednesday that killed my week. Only had one trade that went to my intended profit target for the whole week. Thursday and Friday entries were much better, proud of those entries. The main issue, in my opinion is just not waiting for the best setups even on trades with good entries and at worst just FOMO jumping on trades that have already risen a ton on the day (ROKU Tuesday, MU Wednesday). Couple those bad trades with an order mistake costing a whole R and that leads to a -2.5R week. I was focused on profits and not setups or getting in on pullbacks Tue and Wed and my results reflect this. Last week my focus was on smaller stop losses. While that is still important, I think my focus also needs to be on better setups that actually hit my intended profit targets. I can’t be profitable with only 8% of my trades hitting my 3R profit targets. Every week I review my trades and every week I can point to one or two trades where I was not at my best and think if only, I didn’t do such and such I would have had a better week. This is an ever-present reminder that it’s never the markets that are wrong or choppy or whatever reason I give for losing money and it is always 100% my efforts that either make or lose my money. Reminds me of a quote from Trading in the Zone (I think) that says your daily P&L is how you viewed yourself as a trader that day. · Weekly stats o 22/48 46% grade on trades out of 4 (Goal: above 80%) [Previous Week: 83%] o 1/12 8% trades hitting PT without hitting stop first (Goal: 33%) [Previous Week: N/A%] o 6/12 50% Non-optimal Entries (Goal: 0%) [Previous Week: 50%] o 0/12% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o 4/12 33% No Setup (Goal: 0%) [Previous Week: 17%] o 3/12 25% true win percentage (Goal 45%) [Previous Week: 17%] · Highlights o Great entries on Thursday and Friday. o Great job limiting losses on most trades towards the end of the week o Didn’t think I would like knowing about why the stocks are gapping (because of bias) but I’m seeing that it is valuable because it gives more context to the price action so I’m going to keep doing that. · Ongoing things to work on o Have to find more reliable setups that actually hit my intended profit target. o Working on incorporating research into the gappers time in my morning routine o Don’t enter on the 2min breaks, enter on the pullback to the MAs on the next candle o Great entry + small stop loss = easier price targets = more 3R trades.

Andrew is crazy good at reading price action so i'm sure that's a lot of it also he's more of a scalper so $0.35 cents for him is a nice move. i thought about getting out some at the 5min MA but it was too close with my R/R so i just let it ride. Just happy i got out before it really dumped.

So I have the typical day trading story. Bought Andrew's book, joined BBT, watched all the lessons, spent 7 months in sim full time, read several other books including psychology, watched every You Tube video on Day Trading and now have the wisdom of Solomon. I could get on stage and teach Day Trading. Now the caveat, I can not do it. I have a great passion and love for it but have made no progress in 7 months. Now for the twist: My wife comes in the room one day feeling sorry for me and starts jotting down a few things on paper. She has no knowledge or interest in day trading whatsoever and has actually been against me doing it but supportive nun the less. After watching me loose several hundred dollars she tells me all her trades went well. Just for fun she starts watching the board and literally paper trading next to me. After several days of this it turns out she is green 5 of 5 days. I give her a quick lesson on risk to reward, share sizing and nothing more. We are now 5 weeks into her trading and she is up north of $8000. I have lost 3X that in 7 months sim. Seems like she is a trading Savant. In 25 trading days she has had 3 small red days. She has been using Trading View and now learning DAS. I am thinking of putting her in the challenge but it would not be fair for the rest of the contestants. Our day is very similar to BBT's. I get up early, set up the gappers list, put in levels of support and resistance and prepare the charts. She walks in the room at 9:28, looks over the charts for 30 sec, literally puts tape on my mouth and knocks out 4 or 5 winners in less than 30min. (Remind you of anyone?) (Feel for you Carlos) We have looked into other woman traders and find out they typically make better traders than men. I think it is about multitasking and the right / left brain thing. So I am hoping this is not just beginners luck and favorable market conditions but I have not been able to make a buck trading next to her on the same stocks. My takeaway from all this is some people will never get it and others just have a natural gift.( Hence the huge failure rate) Andrew is obviously gifted in this and uses very few strategies to prove it. My wife uses nothing more than a 2min chart and buy / sell buttons. She also watches 12 stocks and is sometimes in 4 trades at a time. (It is quite amazing to watch.) BTW she only plays longs. I ask her what she is looking for in a setup and her response is "I can just feel it". WHAT? One day I did not have time to put the levels on her charts and she said "Thanks for doing that but I really don't need them anyway" I know it sounds like a crazy reality show but we'll see where it goes and I'll let you know how it turns out. Thanks for all your help BBT community, I gave it one hell of a try! PS: Guys, if your struggling let your significant others give it a try! Gal's, rock on! Just kidding about the book Andrew, I have a weird sense of humor. My wife fished it out of the garbage and reading it now!

I found a restaurant that will accommodate us, they only reopen at 5pm after closing for lunch. I put in the reservation for 20 people at 5pm on Saturday, November 16th. They will seat us all together inside the restaurant and parking is free for three hours. The restaurant is called SHOR American Seafood Grill and it's located inside the Hyatt Regency Clearwater Beach Resort and Spa right off Clearwater Beach. https://www.hyatt.com/en-US/hotel/florida/hyatt-regency-clearwater-beach-resort-and-spa/pierc/dining https://www.facebook.com/SHORClearwater/

I’ll be there!

Wasn't sure how to add in excel either but I should be there this time, sorry I wasn't able to make the LA meetup.

Hi...will be attending this for sure! My first meetup!

We are really looking forward to meeting everyone! Jess and Arthur (EagleBear)

I expanded on The Process of Executing a Good Trade in this post. it takes a lot of practice to plan a trade in real-time (especially in the first 30 minutes of the market). At least a month and hundreds of attempts until you develop a process that works for you. Once you get good at planning and managing the trade, you will be able to do it faster and faster each time. Like muscle memory of sorts. Here is what works for me: Prerequisites 1. Stock is in play 2. Support and resistance identified in pre-market 3. Pre-market volume and price action is tradable 4. Know the float category (low, mid, high) and how many shares you plan to take While watching the stock 1. Spread is manageable 2. ATR/price swings accounted for (i.e, see how much the stock ticks. Is it going up/down in 0.01 to 0.05 increments, or 0.50 to $1) 3. Price action is clean and not choppy; related to above 4. Volume is good and not dying 5. Who is control: buyers or sellers? 6. What is the strategy/pattern that is setting up here? 7. Is the price getting extended? Finding an entry 1. Is the entry favourable (new 1-min or 5-min high), or will it be a chase 2. Did the stock pullback yet? If not, to which level will it test and will I survive that? 3. What's the target? Is it realistic? 4. Finding a reasonable stop at a technical level 5. Calculating the risk-to-reward 6. Executing the order; with conviction--no hesitation Managing the Trade 1. Is the live price action still clean? 2. Are we making higher-highs and higher-lows, or vice versa? 3. Are there are levels or tops/bottoms that I missed before entering that have now become a factor (i.e, a moving average on the 1-minute chart) 4. Is the market providing new information that validates or invalidates my original criteria? Is the Level 2 bullish, bearish or neutral? 5. Is it a good time to add more (if you scaled in initially), or should you take some profit off the table? 6. If scaling out, how much and at what levels? 7. Is the price action conducive to my original stop/target? 8. Is control between buyers and selling shifting? 9. Given the above, does it make sense to stay in the trade or exit at break-even, before stop, or before target? I know that is a lot to process in a short amount of time, but those thoughts go through my head during a trade. For others, it may be much simpler or even more complex.