Leaderboard

And so it begins

Boast away my friend! excellent trading!!

Wednesday September 11th, 2019 Sleep: 7 hours. Mood: good, ready to trade. Missed the really nice ABCD in MU earlier in the day because i was not at my computer. i was watching it right after 10 for a drop below VWAP, then a pullback that i could take to the short side. every new 5min low was being bought back up and it was moving sideways between two MAs on the 2min chart. i was watching it thinking there's no trend or setup here so i should just wait for a trend and then it made a new 2min high on volume (not great) with the time and sales all green and like a moth to the flame i jumped in on the long side no setup (0.4). got sold the high of that candle and then i got out right above my stop. guess i could have held for a bounce to get out more favorably but i respected my stop. GOOD: got out at stop RFI: no setup or trend MOOD: ok CONSISTENT: no setup. last trade of the day was a MA trend trade in ZS (3/4). ZS was trending down nicely. i see this move a lot when a stock will rally on decent volume to the 20 MA on the 5min then head lower. i waited for the new 5min low on the doji and got in short. i set a range order because i had to leave my desk so i would have got out a little earlier than i did but it was stilla -1R trade. i'm happy with this trade, the only thing that gave me pause was that descending triangle breaking the LOTD got bought back up. but i'd still give this setup a B+ happy with the trade. GOOD: setup, R/R, stop loss level RFI: watch all your trades or don't take them MOOD: good CONSISTENT: yes What i did good today: took one setup that i was confident in What i did bad today: jumped in on MU without a clear trend or setup What can i do better tomorrow: My goal for trading tomorrow is to only trade my setups. if i take two trades and they're both setups and they don't work i'll still be happy that i was able to take trades that i'm proud of regardless of outcome. i'm not sure what happened in my thinking that started me down this road of taking trades based on flimsy ideas but it has been tearing me up on my P&L last two or three weeks. thankfully i have small risk and i stick to my stops religiously so the actual money lost is inconsequential. What bothers me is that i'm still having elementary issues like not trading setups but i know it's all part of the learning process and it takes time. hope everyone had a green day!

Thursday September 12th, 2019 Sleep: 7 hours. Mood: good, ready to trade first trade was in $BHGE trying to catch a 5min ORBD early. (3/4). got in on the new 2min low risking the HOTD after closing below the VWAP on the 2min chart. it ended up pressing back up through the MAs and all the way to my stop. happy with this trade though I wasn't thrilled with the rejection of the LOPM in the first five minutes, i waited for an entry and sized appropriately. GOOD: got out at my stop, good setup, short below VWAP at VWAP, had all MAs above RFI: could have waited for the break of the 5min body MOOD: good CONSISTENT: yes last trade was a wedge trade to the long side of $BHGE (3/4). the stock was really strong getting through all the MAs and breaking the HOTD. waited for the HOTD break and a pullback to get in. i didn't wait long enough on the pullback but i think the entry was ok. profit target was 22.08 (3R) i was hoping for pop over the $22 level. it missed me by a penny and then made a 2min doji and i bailed at 2R out of fear. No need to though, it was so strong. Look at these huge orders after i got out. these are divided by 100: that's $3M in buying at 10:12. i'm torn on my exit because it rejected over $22 really quick but i was still seeing a ton of green on the T&S. my nerves ended up winning over and i got all out at 2R. it got close but never went back to my entry as of the time of writing this. GOOD: good trade, made it to my profit target RFI: spooked out of a 3R trade MOOD: feels good to have a trade so as planned. it's been a while CONSISTENT: no, should have held to my plan What i did good today: took good setup trades with reasons for entering What i did bad today: gave up an R on a profitable trade. What can i do better tomorrow: hold my winners

I am not an expert in that time frame (actually not an expert in any time frame), so you may take my comments with a few grains of salt. First the good: The price was holding VWAP in multiple time frames. The 1min and 2min charts the candles was creating a pendant. You went long on a white candle You stopped out right where you wanted (that is a skill that took me awhile). What could be better. Of course this is easier to see in hind sight. I would have likely missed them as well. Volume died down Entered the trade in the middle of the end of the pendant. Usually you want to wait for the break of the pendant to know which direction the price will move. Risk to reward seemed low. There were three tech levels above the entry. The first was highly respected on the 1min and 2min chart and one candle on the 5min. The next 2 levels were respected once on the 1min/2min/5min chart. So unsure of your target. If waited for an entry for a clear break of the 28.35 level (by 3 or 4 cents) the strong tech level would have been cleared and the pendant broken. R/R would still not be too good with a target of the 28.44 level with VWAP-5min as your stop. But you could plan to take a partial profit at that level in hopes of reaching the 28.51 level. At least if that was the plan, the trade would not have been taken. Again not an expert. But hopefully you can find some use in my comments. Rob C

Day 2 has been looking something like this. Going to a meeting and will be back later

I'm interested too. It sounds fun.

Sounds good. Keep me in the loop!

Very nice Trade

September 11, 2019 - 1 Goal I was still able to get a good hour of trading in before heading off to work. I had $PLAY, $MU, and $ATUS on my watch list. I did not plan on trading 5 minute opening range because they just have not been giving me the setups I like, but I did make the decision that if I got a great setup I would trade it. I got it on $MU, although it was a little later than a 5 minute Orb. I took an entry after it rejected VWAP/50 SMA and broke the previous candle, moving averages, and a resistance level. I got a little worried as it started chopping around the VWAP and even more nervous when Andrew decided to exit his position around the 0944 time. I almost got out, but made the decision that I would hold to my stop at 50.26 or a close below VWAP. It was reassuring that each time the price action touched VWAP that it quickly rejected it. I took my first partial around my 1R level and I stuck with my trading plan A of exiting my full position at the profit target. I did have an issue as I inputted my range order but it did not fill and the stock began to reject the 51 level, so I removed the range order and decided to exit with the hotkey. Overall I was happy with this trade. I did start looking for a 15 minute Orb, but nothing was there so I switched to my afternoon setup and began looking for a moving crossover trade. I did not see anything I liked so I called it a day and started journaling as I knew I would not be able to trade the afternoon. Sample Set Results, S 2 3 P 5 6 P G S E E S P P E S G 18 19 20

9-11-19 woke at 7:50, was very sleepy with about 5 hours sleep, feeling a little groggy...... SSS and a coffee..... PAT: Work on proper share size for the size of my account (my future cash)............ Pay close attention to my Stickies and PB...... MU.... PB#2...... VWAP..... first.......had strength in going through VWAP and above all averages on 1 and 2min..... took 1/2 size and added in once it busted through..... took profits on the way up and all out on a pullback as I only had about 10% left of my position...... my stop was tight below VWAP and target was scalping at 2/1 and more..... +59.00 second.... on 5 min ORB and on a pull back entered 1/4 size and added 1/4 more three times on a little more pull back all holding VWAP...... again stop was tight at below VWAP and target was HOD... took profits on the way up and am still holding on to 102 shares at 1017 with a hard stop at 50.78 as I journal (learned my lesson for the final time yesterday)...... I am still looking for 51.52 which is a daily that I have marked....... It is testing my hard stop, We will see..... stopped at 1022..... +103.39 Do want to mention that both of these entries were a few seconds before Andrew called them out....... +162.39 CDLX...... PB#1....... This was not an A setup so I went in with 1/2 size...... The spread was bad and I took it anyway and once it went to my stop I not only got a bad entry but a bad exit making this one terrible trade...... -76.00 second trade...... PB#3...... missed the move so I had to wait for my r/r to make sense for below VWAP and HOD and beyond.... this was at best a B+ setup so I only took 1/4 share size here (maybe should have went with 1/2).... I also waited for the spread to make sense....... I took 50% off at 1r and I will continue with very small partials from here on out with a hard stop at BE........ 1134 I am now moving my stop to below the 20ma and at a daily level of 35.74...... 1215, it is bumping the 200ma on the 5min, will need to see if it will stay below then I may exit early but if it breaks it on multiple 5min candles I will look for an add..... Had to step away for a bit and it hit the hard stop I had placed..... +42.00 -34.00 AMAT from turbo scanner...... PB#3.......... another B set up with 1/4 size....... set a hard stop while I was looking for other setups and got stopped out at below the 9ma..... Looking at it now I maybe should have moved my stop to below the 20ma as this would be a normal pull back and it may have worked out.... -10.00 second, trying again...... little better entry with 1/4 size again..... again set a hard stop but this time below the 20ma....... This has worked out so far with a partial and now holding onto it for either a big run or my hard stop of BE...... I had to leave for a bit and took a 50% partial and moved hard stop up a bit which was a mistake as it hit it and moved way up..... Not too sad as I did have a very small position in it..... +12.00 +2.00 Cons: I took a trade knowingly with terrible spread..... took the same trade with a not so great entry with 1/2 size instead of 1/4 size...... Pros: Held to my stop losses..... Felt great about the MU scalps from start to finish...... Have been looking for fresh news and stocks with scanners and news..... R = 50.00: +130.39

11/9/19 missed the last couple of days as im not feeling well. pretty mixed day ending in the red, think im overtrading and my head is killing me by the end of today so gonna keep this brief as possible 16 trades. Trade 1: ORB on MU but wasnt ready. Trade 2: got in again when it came above VWAP for a nice trade. Trade 3:MU couldnt make new highs and had a support line to form a wedge but broke out the other way. Trade 4:ROKU broke through VWAP and held, went long for a nice trade, tried to add at a consolidation but stopped out. Trade 5: MU couldnt break the wedge again. Trade 6: tried to get in again and it popped but with no juice. Trade 7: pendant breakout, i stopped out just before it did breakout, shouldve made my stop further away. Trade 8: trend trade on MU/reverse ABCD, got 1 partial then out at b/e Trade 9: trend trade on AAPL, added on another pullback. got a partial then tried to add again, shoulve waited for confirmation on that last add, then stopped out. Trade 10: the double shooting star on the 5 made me think reversal but didnt work out. Trade 11: trend trade which went my way, i added then by mistake added LOADs so panicked and got out pretty swiftly. Trade 12: this felt like a pendant breakout but no luck Trade 13: another pendant breakout which worked, got a partial then tried to add when i saw a triangle forming at the top but it went the other way. Trade 14: tried to get into the trend on MU, made a double top so i switched positions but stopped out annoyingly before it made the move up. Trade 16: trend trade again and then left my comp with a stop set and came back to being stopped out.

Wednesday 9/11/2019 I had a well-being score of 5.5/10 this morning. Having caffeine withdrawal issues. I took 1 live trade this morning, with AAPL. So AAPL and BABA were on my market open watchlist with MU, AMD, ROKU and PLAY on my 5min ORB watchlist. The daily charts on both AAPL and BABA still looks interesting, maybe on the verge of a break out. I watched AAPL and BABA at the open. Same thing happen, the volume immediately arrived for AAPL and as usual not BABA so I was highly focusing on AAPL. I was long biased on AAPL. The scenario I was hoping for was a slight pull back then a hammer would be created and I would go long when it broke the 218.16 level. That price was really respecting in the premarket. And this scenario did occur. But while I was waiting for it to unfold a big ask appeared in the L2 and I immediately went long. I still can’t believe how fast I took the trade. Sorry if it sounds like I am boasting, but I am really proud of myself. I keep watching the video. I guess you can really train your brain like a muscle. Now after almost 1 year live I guess my brain is starting to function more efficiently. Within one or two clicks of the clock, the big ask appeared, I saw it and recognized it as a go signal, I decided to take the trade, I recalculated my share size based on the better entry (something I messed up on recently) and pressed the correct buy button. Holy smokes!! So I went long on the ask signal with 219 as my target (very few levels above current price now). With 217.50 as my stop, which was respected in premarket. I mentioned yesterday that I shouldn’t use the new 1/8 partial on these opening trades since they are more like scalps. But when the price reached the first tech level, this was the entry I was originally looking for. So why take a substantial partial on a candle that looks like an entry? So I did take a couple of rapid fire 1/8 share size partials. Still too many but now less damaging. I took my first big partial at 218.75. I did take a couple more partials after but I didn’t have too many shares left. I don’t look at my P/L, but eyeballing the trade it looks like I made my 2R. I then took 4 SIM trades. Two on BABA. First one I forgot about the spread and only broke even. Then I watch the spread closer and made a small profit on the second trade. Then I took 2 SIM trades with ROKU and immediately forgot that ROKU’s spread and price action is even more volatile than BABA. I took a short without looking at the spread (with too tight of a stop) and got a horrible fill so I immediately got out with another horrible fill. I was -3R in seconds, wow. Then I carefully watched the spread and took another short with a good run, but likely my profit was less than -3R. So definitely need more SIM time on ROKU. Score card (live trade): AAPL 93% What I did good today: I really like the quick entry decision on AAPL What I am grateful from today? That my ROKU trade was on SIM not live. What do I need to improve on: Keep working on the 1/8 sell/cover button usage.

I will do my best to attend as well.

About 4%. I will lower the risk today. Thank you for your words Mike. Let's hope for a good day!

I'm up for this also! Always good to chat to fellow traders!

I would be interested too..

Hi, sounds great...let me know meet-up details when available. Thx.

Hi! Trading the 1 min chart can get us in a mess, I honestly have been trading the 1 min chart for like 5 months. Imagine it, 5 months of only 1 min chart and I was convinced I was doing great until I decided to trade other timeframes. I use the 1/2/5/15/30/daily, but the main ones for me are 1/5/15. I use the one min chart mainly the first 15 mins, but I also pay attention to the 5 min chart, maybe the 1 min chart is giving us an abcd around the 20 on the 1 but on the 5 it's the third huge white candle in a row. Doesn't that indicate that the stock is extended and better waiting for a pullback? Yes I see an abcd on the 1, but it's so extended on the 5. After 9:45-10:00 I switch to 5 min chart. I want to see a setup on the 5, but my entries are on pullbacks on the 1. My stoplosses based on the 5 min chart, my targets are based on the 5 min chart. Later on the day I use 5/15(in the afternoon) I think it's even better if I just eliminate the 1 and watch the 5/15 in the afternoon which is something I'm working on right now! Regarding Andrew, don't forget he's trading the open and most of the times he's done the first 15 mins which is why he uses the 1 min chart a lot. Basically at the open the 1 min chart is everything you can base your desicions off. The 5 is important but you can barely find a setup on the 5 min chart the first 15-30 mins