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Monday 9/30/2019 I had a well-being score of 6.5/10 this morning. Wow 3 really bad loss days in a row. I took 3 live trades this morning with AAPL and BABA AAPL as my primary focus. BABA was also on my market open watchlist with MU and JD was on my 5min ORB watchlist. Based on back test data MU should be my primary focus, though it can be switched with AAPL depending on PM. I really liked the PM of AAPL today so it became my primary focus and I wasn’t too happy with the SSR on MU. BABA gapped up with vol so was also on my market open focus. As BABA had no volume right away. So I was focusing on AAPL which gapped up 1% with vol in the PM and I was definitely long biased. There was a really strong level at 220.95 that was strong resistance in premarket. Once after the open this level also created resistance, so I was waiting for a break to go long. Since the previous test punched through and back by 10 cents I was waiting for a solid break before going long. It didn’t take long and I entered the trade. The fill was bad but that was predictable. My target was the 222 level and my stop was the bottom of the candle. I guessed there would be some slide and gave it a 35 cent stop which was perfect. I took a tiny partial profit (1/8) due to nerves then took another at my first real level. At first I took a small share size profit. Then I remembered my new rules and took a second one so my partialing size was correct. Then the price spiked down. My new rule is to definitely stop at B/E. I thought it was going to fly right through it so I exited a little early expecting a large slide. The slide didn’t happen and I caught the low. This immediately threw me and I honestly lost my cool. After two bad loss days I really needed a solid win and I knew by being stopped out on the penny the price was going to reach my target. Actually, the price rebound so fast I had no time to reenter the trade. And yes the price did promptly moved higher to my target. My trading headed downhill from there. It’s too bad, now that I look at it, the AAPL trade was a REALLY good trade. I nailed the setup, the share size (which was tricky) and much better than usual on the trade management. And why get upset about the exit? I am switching to an auto B/E stop out (I won’t be able to thoroughly test it until tomorrow) so this early exit will be fixed soon. So I really should have kept my cool. But I didn’t. I was definitely on the revenge rampage and saw the volume had arrived for BABA and I wanted to trade again fast. And I almost immediately got into another trade. Now the one good thing is actually this was a solid setup. So it is good that even when I start to lose it I am still taking OK setups. BABA had a powerful drop with high volume on the first candle. Then I waited for the bull back to short. I expected it to pull back to VWAP, but it found resistance at the PM level. I shorted at the bounce. Obviously I was not running on high quality focus at the time I took the share size without giving it the usual BABA slide. My target was the 168.02 level with VWAP as my stop. The price went against me immediately and I was stopped out. Though I am allowed 3 trades/day now. I am not allowed to take a third trade after a full R loss let alone the last trade was a larger than -1R loss due to incorrect share size. But I am starting to lose it and I broke my rule and took a third trade again with BABA. As I was about to get stopped out on my first BABA trade I noticed the really strong hammer being created on the 5min chart. I still have no real bias on BABA and the stock did gap up 2% in PM so long was possible. I tried to flip my position. My target was the HOTD with the PM level as my stop (yellow line on my chart below). Again I entered with the wrong share size (giving no thought to the usual BABA slide) and got a terrible fill. My is now R/R<1 and my risk is 2.5R. Thus I need to get out of the trade or at least cut my shares. This is something I have really been struggling with. I don’t seem to be able to do it. Especially on this trade which the price already started to go against me. So it looks like I was headed to a -3.5R loss for the day, which would be my first max loss day in 8 months (which I am really proud of). Which would be the end of a -7R three day losing streak as I head toward my 1 year trading live anniversary where I have to decide if I quit day trading. I was just about to really lose it when…. Then something surprising happen. I sold half my shares for a slight loss. Yes, fully exiting would be more correct, but this is a major breakthrough for me. I can’t remember when I at least partially exited out of a bad trade. I always just hold on until S/O. Which I did get stopped out shortly after. About 4 minutes later BABA was getting squeezed into a pendant. I had no directional bias so I waited for the break. It broke lower so I shorted (in SIM). And I have no doubts that I could NOT have made this trade live. Even in SIM it is amazing I was so patient. I was just getting LL and LHs. So I kept waiting and took my first partial at 4R. Then exited the rest of my shares when it looked like it will reverse. I labeled the trades 1,2,3 on the chart below since it is busier than my usual chart. Score card (live trades). AAPL BABA BABA 94% 88% 84% What I did good today: My first trade was really good. I should have just chilled after the S/O. What I am grateful from today? I was actually able to cut my shares in half after the bad fill on the third trade to reduce my risk to something acceptable. That’s a breakthrough for me. Right when I thought I may lose it. So I didn’t hit max loss. I live to trade another day. What do I need to improve on: I broke the rules on taking a 3rd trade after a full -1R+ loss. So taking a third trade is off limits until further notice. Since I had 3 bad trading loss days, I am restricting myself to one live trade a day until my discipline and emotional state gets better.

9-30-19 Woke at 7:40 with 4 hours sleep. Feel pretty good. SSS and a coffee...... PAT: Share Sizing........ Trade the Trade not the P&L........ Mute the Chat for at least 5min, I will try for 10min if I can stand it....... PreMarket Routine: Did not read this morning, did a bit of exercise and stretching and a little meditation... Notes: Read all Sticky Notes....... Play Book trades only...... I reset my SIM buying power so I can start practicing what I will start with, this will probably limit my share size on some of the more expensive stocks..... any 5min ORB trades will not be live and only maybe on A+ 10min ORB AMD PB#1 and PB#2 plays.... first 5min ORB..... (first buy sell was a mistake as it was supposed to be a short)..... No ABCD confirmation making this a B trade at best..... covered twice added in at the bounce off the 9ema on the 2min.... then all out at BE.... second VWAP reversal that failed... once I took this I realized all the resistance above and got stopped out..... third VWAP false breakout..... covered once and all out at BE.... fourth took this listening to the CHAT with a little FOMO again with all the overhead resistance (this was a terrible entry on so many levels) and stopped out but this time the bottom fell out a little quicker than I could hit the hot button on time so this ended up being a bigger loss than was supposed to be allowed.... the last one was just a double hit of the sell and I had to get back out immediately adding to this loss ... -72.00 BBBY Again this is a total FOMO chase and something I will hopefully never do Live. When I take these trades I remind myself that this would be a SIM trade when I do go Live. This was meant to be a VWAP reversal that turned out to be a VWAP false breakout..... I thought about flipping my position but figured my time would be better here logging in the Journal.... This was another one that dropped to fast for me to catch my 1R loss.... I need to start setting hard stops in the early trading morning to avoid this.... -65.00 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- THO PB#3 (A setup).... Not an A+ because the pullback to the 9ema on the 2 or 5min was not all the way to the 9ema.... Made a mistake and hit my cover 50% key and corrected it.... this cost me not only about $20 on this particular move but when I got all out it cost me another 60 - 70 bucks..... +49.78 I will come back in a bit to see if I can find my Trend setups I like..... Cons: Made a few hot button mistakes... Pros: Stuck to my stop losses even though the action was a little too fast.... Favorite Trade: THO Notes: I need to start setting Hard Stops in the early trading day to avoid larger than anticipated stops due to market volatility..... R = 50.00: -87.22

Hi BBT Team -- thanks for asking. I would appreciate a session discussing monitoring spread. How can I set hot keys to make sure that I do not end up with R:R that is not (as) profitable. Should I just not trade when there is a large spread, or is there a way to mitigate risk is these situations? Thanks again. Jennifer

I'll try to go for sure! I'm based in Coral Springs FL (close to Boca Raton) My email is [email protected]

SpeedTrader (www.speedtrader.com) is offering our members a flat commission rate of $2.95/trade, regardless of share size. A minimum of $30,000 is required to open an account and PDT rules apply. SpeedTrader uses DAS Pro as their trading platform. They offer day trading margin of 4:1 and overnight margin of 2:1. If you generate $450 or more in monthly commissions, the SpeedTrader Pro platform fee is waived. Please mention Bear Bull Traders as a referral in your application to receive the discounted rate. UPDATE: March 28, 2018: $500 in free trades or 1 month free (whichever comes first) from SpeedTrader for us https://speedtrader.com/bearbulltraders/ also $2.95/trade flat fee or 0.0039/share

Wormser, Speedtrader is a very attractive option if you have the $30k to fund. Andrew recommends them in this post. Sounds like they gave you quite the sales pitch 1. I'm pretty sure all brokers trade against their clients in one way or another. They know who is a consistent winner/loser and are privy to all sorts of other information. But remember that one single broker cannot manipulate a stock when there are millions of shares being traded in a 5-minute period. If you don't use hard stops, then the broker has no advantage their either. I would be more concerned about HFT's and algos--whose sole purpose is to capitalize on spreads--than my own broker (who makes money off me either way). Lastly, it is a known fact that brokers always hedge CFD bets against their clients. 2. That's a pretty good deal. $25 in commissions per day is pretty easy to achieve if you scale out. IB doesn't offer any rebate for accounts linked to DAS; I'm with IB 3. I recall some members e-mailing IB to get UVXY shares for short. They ended up getting some in their inventory shortly after (not sure if this was driven by market conditions or client demands). But you are right, day traders don't have the time to call intraday--maybe swing traders. As for the off-shore broker comment, that's a moot point when comparing to IB. Andrew discussed the risks in the above link, and many members have done their own due diligence in the CME Announcement post.