Leaderboard
Popular Content
Showing content with the highest reputation on 09/13/2019 in all areas
-
3 pointsSeptember 12, 2019 - 1 Goal, 1 Stop I took a 5 min Orb on $BHGE and got stopped out. It was a good setup with a good risk to reward. I exited before my planned stop loss but it was because it closed above VWAP and 5o SMA. I than transistioned to 15 min Orb and did not have any good indicators, but I did see the moving averages on the 1 minute on $BHGE about to cross, so I switched my platform and started looking for my MA-S setup. I got it and I did not chase the entry and waited for it pullback and break on a 5 minute setup. Entry was excellent on this trade, but my trade management was lacking. Probably a little to do with the loss before this trade. I was a little late on my range order and limit order entries, so it caused me to miss my 1R out. I canceled the order and just took a partial near 1R. Then I repeated the entire process to include missing my 2R level and canceling the orders again and taking a second partial a little short of 2R. I than changed my profit target and ended up getting stopped out at my 1R level. I should have let it run as the stock never tested my entry and eventually ran to my profit target of 3.7R. Oh well, still a green day. Better management tomorrow on Friday the 13th. Sample Set Results, S 2 3 P 5 6 P G S E E S P P E S G S G 20
-
2 pointsFriday 9/13/2019 I had a well-being score of 5/10 this morning. My daughter woke me up crying last night at 1:30am, so I am a little sluggish today. It was an interesting day. Centerpoint did send out an email stating they had IT issues yesterday. So I am assuming my order cancellation issue yesterday was due to that. I took 3 (yes 3) live trades this morning, with AAPL and BABA. I hand wrote my plan for today to help stick to it. So AAPL and BABA were on my market open watchlist with MU, AMD, and ROKU on my 5min ORB watchlist. Yes I am saying the same thing all week about the open: The setup is the same. 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. I had no bias on AAPL. I have seen it pop or drop with this same PM action. My premarket plan specifically stated no pullback trades on AAPL in the first minute. So I waited for a hammer. So a very powerful hammer was being formed in the first minute with AAPL. I was waiting for the hammer to become white so I could go long. Or finish the 1min candle and take a 1min ORBU, Then, while there was still a little red left, a large ask appeared about 5 cents above the current price. So I went long. My target was the $221 dollar level with a stop of 219.59 PM level. The price moved up a few cents then quickly dropped and I was S/O where planned. I probably should have been more aggressive with the S/O. Once it was apparent the 2nd 1min candle was not going to make a new high I should have exited. But generally I thought this was a good trade. Yes without the L2 signal it was a B setup. But I think with the L2 signal makes it into an A setup. For my second AAPL trade, AAPL dropped and hit support on the two daily levels. Then started to stall, making a mini ABCD. I really liked the R/R~3 so I shorted with the 218.16 daily level as my target and 219.59 PM level as my stop. The price quickly dropped and I took a small partial. I was hoping this would run so I was not in scalping mode. Then I waited 3 minutes and saw SPY really starting to spike up. So I took another small partial profit. Only took a small partial since the 1min chart the candles were making LH/LLs. Then the price rushed up quickly. I exited when it broke the 219.32 level. There was a bit of a slide, so I think this trade was a loss as well. I didn’t consciously take a third trade. There was no internal fight or revenge, I just didn’t think about rules at all I just took 3 trades. Since they all were overlapping in time it might not have felt like it at the time. I remember taking each trade, but I was surprised to see 3 live trades were taken at the end of the session. BABA was interesting. It dropped for 45 minutes in the PM then only the last 10min it popped back up. The price went higher at the open. Then 25 seconds after the open a HUGE buy order went through: What was interesting is the market really didn’t care and the price started to aggressively drop. So it felt like the sellers were in control if they were ignoring such a large buy. So I took the lack of interest of the huge buy as a bearish signal. I could be very wrong, since I have never used that signal before. There were lots of levels below the current price. But I thought if it could break through them all (all the MAs including the 200MA-1min, VWAP and the 173.02 daily level) I would go short. The price did and I went short. I took half share size since I never used a signal like this before. My target was PDC with my stop at VWAP. I also liked the daily level in the way so it could help pull the price toward it. The price dropped a little, not enough to take a partial. The next 1min candle was an inverted hammer still giving me hope. Then the price made a clear break of VWAP and I got stopped out. If you have any insight on this trade let me know. I am still not sure how wise it was to use the large buy as a bearish signal. Then I over traded in SIM. I am left with a bad feeling about my trading session because of it. Score card (live trades): AAPL AAPL BABA 91% 90% 91% What I did good today: I really like my three live trades I took today. Since they all were losses it has left me wondering if they were really good. What I am grateful from today? I kept my eye on the tape. What do I need to improve on: Take less SIM trades. I think I will lock myself into 3 SIM trades max from now on.
-
1 point13/9/19 had a decent day today but feel like i couldve ended much higher, made good trades but made mistakes and so lost out 7 trades: 4 small winners (wedge breakup, trend trade from VWAP x 2, pendant breakout) ended 1.5 Rs up 1 b/e (trend trade from VWAP) 2 losers (engulfing, pendant breakout) Trade 1: went for a engulfing pattern when bullish volume came in but stopped out. Trade 2: still looked bullish and a ascending triangle was forming so went long got a great pop, tried adding later but then it went the other way. Trade 3: once it broke VWAP i waited for a pullback and confirmation and went short, added as it made a new low and then got one nice partial then out at b/e Trade 4: pendant break out, didnt work but i took the break out on the other side which did work, trade is at the bottom. Trade 5: took this short once it rejected VWAP after a pullback. my share size was too small though so didnt get any partials before i got out at b/e Trade 6: came above VWAP, held so went long, again share size too small to get any partials before i got out at b/e Trade 7: went short out of a pendant got partials along the way, accidently got out and back in at one point, also tried to add at the end then got out at b/e but shouldve given it more room past the 20 on the 5min and then i wouldve had a really big winner.
-
1 point9-13-19 woke at 7:45 with about 7 hours sleep, feel a little more awake than the rest of the week. cup of coffee and away we go..... PAT: Keep working on proper share sizes..... make sure I know my pattern and confirm it before taking the trade.......... use hard stops for walking away.......... Not much of this day that I am proud of......... I believe I went into this day with over confidence from the week......... MU ..... PB#2 ....... all VWAP plays with VWAP either a target, a stop or break of........... Traded these with TOO MUCH false confidence from the week............ first trade was long with a -56.00......, second trade was a short with -16.00..... third was a long again a -44.00........, fourth was a short with +36.57 ....... fifth was long at +22.50....... sixth was a long for +22.50...... sixth was a long for +27.50 and finally seventh was long for +21.50........... I not only over traded but was a maniac with scaling in (which I want to get away from) -13.93 ETSY ..... PB#2.......... Lost VWAP on the 1min and entered on the next candle with confirmation it was also a PB#1 with a 5min ORB and engulfing crack........ The r/r was not good at about 1.5/1 (.38/.25)......... I did get almost 2R out of it..... +99.38 ROKU .......... A finger spaz with no chart needed, between the spread and the accidental entry of 400 shares it was an immediate -41.00 OSTK .......PB#3...... from turbo breakup........ I did not wait for a good entry which would have been around where I exited and would have still been stopped out for the same loss........ The problems with this trade is that I did not wait, then after entry I was looking at other stocks and missed the first drop, I then tried to flip my position to find out no shorts here...... -66.00 Cons: Over confidence trading with way too many trades....... I am still adding in which I am trying to get away from........... Pros: Stuck to my stops....... Getting out of here as I know this is not a good day for me to be here............ R = 50.00: -21.55
-
1 point
-
1 pointThursday 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
-
1 pointHere you go: https://bearbulltraders.com/lessons/how-to-create-hotkey-buttons-on-the-das-montage-level-2-window/
-
1 point12/9/19 had a really good day today, did a good job of letting my runners run i think and kept my losers small. 7 trades 3 winners ( VWAP reversal, ABCD, VWAP bounce/trend trade) 2 b/e (VWAP bounce, no setup but maybe it should be ) 2 losers (5 min ORB, engulfing orb) total 8Rs before commisions. Trade 1:5 min ORB, all the volume seemed to be bearish, got a great entry but stopped out. no complaints here. Trade 2: went for an engulfing pattern but stopped out on the pull back. Trade 3: strong open, sold off and bounced off some levels, kinda an abcd cause its not quite at VWAP but got out at b/e. Trade 4: got into AAPL when it made a new 5 min high after the open, waited to see what it did at VWAP, went to add when it bounced off VWAP but got a really bad fill, but still got some really nice profit out of it when spy made it jump. Trade 5: KR had a HUGE sell off and when it bounced off one of my daily levels and couldnt make a new 5 min low i went long and it wouldve been a really good trade if i left it but i got shook out when it started making 1 min lows because of the huge initial drop. Trade 6: after its initial rise it made such a clear ABCD pattern so jumped in, held through VWAP and beyond. i tried adding when an ascending triangle formed but had no juice. still a really nice trade Trade 7: seemed to reject VWAP after being strong, went long, survived the second VWAP test, added on a higher low and got 1 partial then out when it broke the 9 on the 5 and made a new 15 min low, but it did carry on going up after this, maybe i shouldve held it longer, need a rule for this i think. maybe ill speak to kurt
-
1 pointHi Glenn I have never been to the race track. Do you go?