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Showing content with the highest reputation on 09/09/2019 in Posts
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3 pointsSeptember 9th 2019 Had some good rest on the weekend, slept good this night and felt ready to trade today. Trades My first trade was on $ACAD. It made a significant drop through VWAP and and the moving averages. then I saw it was making a flat bottom. I decided to go short on the touch of this bottom and placed my stop above the previous wicks and 9 EMA. This move happened also to be a opening range breakdown on the 15 minute chat. on the 5 minute chart was a clear downtrend visible. On the way down I partialed at the whole dollar 39 and the rest of it on levels which i had found on the daily chart. On this trade I realised a profit of 3R. The second trade was on $T It was making a descending wedge on the 1 minute chart. Not really happy with this trade because it made a strong bullish move before the descending wedge was forming. After I was in the trade it tried a couple of times to lose it, but it got bought back up immediately every time. I didn't like the price action and around 10:03 there were apearing alot of high asks on the level and managed to get out out right before the squeeze at breakeven. The third trade was on $DOCU. At the open it made a strong move up. At 58 dollars it was forming multiple tops, which led to a ascending triangle. I got in with a tight stop below the 9 EMA. unfortunately it stopped me out. About 15 minutes later was a good oppurtunity for a re-enter and then it made the move I was looking for. At that time I was already at daily goal so I didn't took that trade. My fourth and last trade of the day was on $AAPL. It made a clear descending wedge with mutiple touches on the flat bottom. I decided to go in under VWAP and the moving averages. The 9 and 20 EMA were crossing the 50 SMA which happens to be a bearish sign. It did drop to a daily level right under 215 and partialed some out. then it came back up to my entry point and got out of the trade. It was a good trading day. Made the most of my money on ACAD (almost 3R). the trade on T was a breakeven trade and the trade on made me lose about 0,5R. In the last trade I hit my daily goal of 3R and stopped trading for the day.
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3 pointsMonday 9/09/2019 I had a well-being score of 6/10 this morning. I took 1 live trade this morning, with AAPL. So AAPL and BABA were on my market open watchlist with MU, AMD, ROKU and T on my 5min ORB watchlist. AAPL daily looks interesting, maybe on the verge of a break out. I watched AAPL and BABA at the open. The volume immediately arrived for AAPL but not BABA so I was highly focusing on AAPL. AAPL created a nice hammer and I went long the moment the candle was no longer red. I also like a hammer that the bottom is created by a major tech level like this one. The 214.91 daily level was a concern, but I Iike entering a trade, near a tech level, in the first minute. The level seems to draw the price to it. Though you must take a partial there. The 215.18 level is not a serious one. It was somewhat forced because I really needed another level. So my target was 216 and my stop was the LOTD. The price immediately went against me, but I had a reasonable size stop. Then the price headed up and I took several small partials. I was just about to take my first large partial, near 2R, but the price retraced before it got there. Though I have been thinking of a new procedure of selling/covering half my shares and letting the last bit run until B/E, it is not a rule and I didn’t even think of it. The price made a new 1min low and I exited. Later the price bounced off of VWAP, above my B/E, and rebounded and reached my target of 216. Where it found resistance. I then took 4 SIM trades. 2 winners and 2 losers. The winners were much larger. I tested the new 1/8 share partial button in SIM. Score card (live trade): AAPL 91% What I did good today: Was careful to watch volume. What I am grateful from today? Nerves a little high today, but recovered fine. What do I need to improve on: Start using the 1/8 sell/cover button where appropriate. Think seriously of partial exits and let the last bit run.
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2 pointsSeptember 9, 2019 - 1 Partial, 1 Early Stop, 1 Stop Today was an emotional roller coaster. Ended the morning session happy with a partial and an early stop, took a run around the neighborhood, and came back for the close. Got stopped out on $MU with a hotkey. I was happy with my entry, but very frustrated at how $MU acted at the end of the day. Came right to my stop, filled my order and then went on run to the long side. Just frustrating sometimes. All of my trades today I was happy with, just frustrating at the outcome of them. To make matter worse the two stocks I did not take in the afternoon moved perfectly for me. Again frustrating at the outcome, but happy with my trading. 1 Partial, 1 Early Stop, and 1 Stop w/Hotkey error. The best thing is looking at the streak of Red, I am still just down commissions with the new risk management plan I put together. Sample Set Results, S 2 3 P 5 6 P G S E E S P P E S 17 18 19 20
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2 points9-9-19 woke at 7:30 with about 5 hours of sleep.... feel OK, had an eventful weekend.... SSS and some breakfast and coffee. PAT: Playbook Trades only.... Sticky notes...... Take more normal share sizes.... Be careful early on (small share sizes first 30min.).... I am gonna do my best at keeping a more detailed journal..... UGAZ PB#1.... I took only 100 shares.... This was what I feel an A+ setup for ORB with good confirmation of ABCD on 1min (need to maybe take more size when I feel like my setup is this good)........ sold 50% at 2r (moved stop to BE) and 3r (Moved Stop to 1r) then 10% each at 4r and 5r (now stop at 3r)...... have 21 shares left..... 1012 now looking for an add for PB#3 but I need to make sure that 21.00 will hold as a support instead of resistance.... 1023 Moved stop to 4r of 20.72, if it breaks the 20ma I can expect it to go to VWAP...... Have lots of indecision candles on all time frames so I will sit and wait for a good PB#3 add if possible...... added 100 shares at 21.04 as it feels like it has found support at 21.00 moving my BE to 20.93, my new stop is just below to 20ma and a target of 21.49 (technical level I have marked)..... 1037 sold 25% at 2r keeping my stop at below the 20ma..... 1045 I have a new 5min low with a second 5min low at 1050 I have a hard stop set at 21.03 that was just hit for 1r on the remaining.... total for this trade was +36.18 (wish I would have taken proper share size from the beginning, I need to shake off this small share size and scalling in stuff I was trying last week. It is just not my style) As of 1012 I was using the 2min for the 9ma trend and keeping an eye on the 5min and 15min for new lows..... took a stab at a reversal and got quickly stopped out.... -11.00 and then again went long at 21.04 looking for 21.49 again but will partial 25 % at HOD and new 5min low for stop...... added in with strong LVL2 holding my stop at a new 5min low which it is testing right now... and stopped out.... -21.00 +4.18 DOCU PB#1..... entered on a late 15min ORB with confirm of 5 min ABCD, there was a very large order at 58.00 and full of green on T&S at the time.... it started to dump so I exited before my stop because of price action.... I feel like this is more of a C setup and I should not have taken it, I clicked on the stock to look at it and noticed the patteren right away and took the trade without too much more thought....... -25.00 I probably should have hung it up for the day after these trades but I was no where near my max loss, which should not be a goal..... but I continued....... I took a few C and B setups which was bad..... 1242 looking at DOCU ...... PB#2...... Feel very good about the DOCU setup here breaking VWAP, I think I would give this a B+ setup..... with a nice tight stop below VWAP I will see if I can get HOD with maybe a partial before 59.00..... 1304 looking a little choppy and the volume has died down..... probably should have partialed at 58.88 and may take a smaller partial depending on price action..... took 50% off hitting the 9ma twice and red running through the T&S.... may actually be an add in position but I do not like the new low on the 5min..... 1311 need to step away here and there for another business so I will set a hard stop at 58.55 which is below the 9ma on the 5min..... as I keep checking in on this I am adjusting my hard stop to follow just below the 9ma on the 5min.... My hard stop did not activate for some reason and I manually stopped at a few cents below what the stop was set for...... +125.00 Cons: I had trouble getting in for a full position like I have been doing up unto about a week ago when I started scaling in with small sizes, I need to get back to what was working for me.... I also have not been trading the first 5min when on my mental entries they have been working out..... I feel like after the first UGAZ trade with the add in I should not have reentered and moved on, I paid it too much attention.... I did over trade today which seems to be a pattern that I need to fix in the next 6 weeks if I am going live by then..... Pros: I did respect my stop losses even though my position was small..... R= 50.00 +109.68 Think I will start trading the first 5 min for a couple weeks... all my mental entries have been working out for me.....
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2 pointsMonday September 9th, 2019 Sleep: 6:45. Mood, tired but ready to trade. feeling calm this morning Overall market is up again, SPY is over last weeks highs, up about half a percent. Gappers list: $MU, $ROKU, $PAYS, $ACAD, $T, $NTNX first trade was an ABCD in $MU (4/4). liked the trade but i keep trying to go long right before 10 o'clock and these trades just turn around on me consistently. i feel like i'm going crazy taking the same long trade over VWAP just for it to come back and stop me out. GOOD: everything about the trade technically was good, entry was good, reward was HOTD, got in on a pullback after a bullish 2mins. RFI: trying to go long right at 10 o'clock when it's time for them to head lower. MOOD: tired of getting stopped out. CONSISTENT: yep, saw the trade wasn't working and bailed early next trade was in $T (0/4). so what i wanted to to was get in right where i would have got in if i was paying attention. i did that but then i realized it lost the MAs and i held for almost a full R loss. also realized it's not a setup so no points (0/4) GOOD: waited for the entry i wanted RFI: not a setup. could have bailed earlier MOOD: ok CONSISTENT: yes. tried the same long trade in $MU after a big run up to the HOTD. i wanted to go short near the high because i thought it was an overreaction but i chickened out. got in on a pullback after a new 2min high on volume that also didn't work. i set a range order because i had to get up from my desk and I got stopped out immediately. GOOD: waited for the pullback RFI: another dumb long trade that didn't work MOOD: frustrated CONSISTENT: yes last trade was a frustration short trade in $MU. as soon as i put it on i realized i was just doing it out of revenge and i sized too big so i got out half and then when it wouldn't make a new 5min low i bailed the rest for a breakeven GOOD: realized i made a mistake and got out RFI: shouldn't take revenge trades. MOOD: angry at myself for taking emotional trades CONSISTENT: yes got out as planned What i did good today: managed trades to 1R or less. What i did bad today: took no setup trades, or bad setup trades 0/4 trades went as planned What can i do better tomorrow: need better more reliable setups. So i really don't want to go back to SIM but i feel like i have to. i'm just taking the same ABCDs that don't work and then just throwing my other trades away out of frustration and it's pretty much the same story every day for the last two weeks or so. I'm doing a great job managing trades, much better than i've ever done but the problem i'm having now is that basically none of my trades make it to the profit target before my stop so my plan is to go to SIM and work on my setups and i need to have two weeks in a row where i have 3R trades that work more than 34% of the time. Until then, it makes no sense trading real money if i don't have an edge to exploit.
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1 pointHello 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
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1 point@Mark D. I didnt even see that after my review.... thanks for the point out.... and good luck today.....
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1 pointHi David -> The commission structure is 0.004 per share + 0.0025 ECN per share with minimum $0.50 per ticket. I haven't had any issues with CMEG. -> I have noticed that short list is getting better and is some instances it's better than IB as well. IB is better most of the times but CMEG is not that bad for an overseas broker. I think it's the best option for small beginner traders. -> Customer service is a hit or miss. They are good in looking after requests like change in daily stop loss limit or any general questions are usually answered pretty quickly. BUT, if you face any issues that they are not aware of or know how to fix then the technical support is a hit or miss. I had a technical issue and spoke with 3 representative with vague stupid answers. It was clear the the first 3 representatives didn't have a clue of the issue I am facing even after a week since my original email was sent. The last person I spoke with was a gem and provided me with a proper answer and fixed the issue. -> It usually takes 1-2 business days for my transfer to reflect is my CMEG account. That is from Australia to Trinidad and Tobago. I am happy with CMEG as you won't face the above issue that often. It's very very rare. The fills are excellent, margin is good, commission structure is excellent, client services is excellent, technical support is average.
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1 pointI 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/
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1 pointHello Blake! Welcome to our community and thank you for sharing your story with us! Would it be a lot if we ask you to write your honest review and opinion about the books you read? https://www.amazon.com/gp/product/1535585951/ref=dbs_a_def_rwt_bibl_vppi_i0 https://www.amazon.com/gp/product/1721151265/ref=dbs_a_def_rwt_bibl_vppi_i1 I'm really glad to know that you're feeling happy amongst our BBT family! If you've any questions, you can always e-mail us, open a thread, or ask it in the chatroom. We'll be happy to help you as much as we can!
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1 pointI fixed it with some help in the chat room this morning.You need to change Day+ to Day in the Montage but ALSO in the script for each of your hot key setups.