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Showing content with the highest reputation on 10/17/2019 in Posts

  1. 1 point
    Hello Everybody I apologize that I haven't posted lately as I just went back to work after my paternity leave and found journaling a little time consuming. However, after watching Peter's workshop yesterday, I realized how important journaling is. Took a bunch of trades today. Broke a rule, hit the wrong hotkey, but recovered in the end. Mainly used 5 min charts today. I would love to trade within the 1st 5 min and make money like Andrew but the one rule I made for myself that I haven't broken yet is to wait 5 mins. Therefore, my favourite has been trading 5 min orbs - except today..lol Trade 1 - NFLX Beautiful 5 min ORB. Bought 200 shares but it went south. Had a stop loss below at VWAP but I should've been a lot tighter at the 20 EMA. Here I broke a rule, I was "hoping" for a pullback, even as it went below my over extended stop loss . Finally pulled out. I'm just glad I am in a sim. After a bit of cursing, I reversed my position due to the engulfing pattern at 303.08 with a stop loss at premarket low. Given the price, I should have decreased my share size. Once it hit 2R, I started to scale out. Scaled out again once it hit another low. Brought my stop loss to the B/E and kept the rest for that profit target at the 200 EMA. I would have loved to stay in but my goal was the 200 EMA. Trade 2 - CRON Shorted CRON after the 5 min ORB. Got in an 9.65 with stop loss at VWAP. Waited for 2R and tried to get out as close as possible to that 9.15 level. Was going to cover, hit the wrong hot key instead and shorted another 400 and then immediately covered those 400 at 9.25. CRON hit that 9.15 level again and I scaled out hitting the right hot key this time. Covered some more at the 100 MA and was eventually stopped out at the B/E. Trade 3 - ROKU I'm glad I was busy with NFLX and CRON or I would've have taken ROKU long after the 5 min ORB. However, I saw the engulfing pattern and went short at 131.51. (I would've loved to get in closer to the VWAP right after it engulfed the previous candle but I wasn't watching this stock at the time) I was too stretched from VWAP so i decided to use premarket low as a stop loss. Waited for 2R and I think there was a level there and covered some. covered more. Not sure why I held 50 shares of ROKU for so long but I should've have clearly covered all at the B/E Trade 4 - ROKU Saw a huge pop and that's why I covered all my shorts from trade 3. Popped above the VWAP, volume was coming in and saw that hammer doji forming at the end of that 5 min candle. (Also, Andrew was saying he was going long - that was just a bonus to my analysis) Went long at 132.4 Started to scale out way to early. Should've waited for 2R. Was going to sell all my shares at break even but hit the wrong hot key...again . Not sure why I sold all my shares at the 200 EMA. Should have scaled out to at least 134 profit target. All the virtual money I lost on NFLX, I earned back and a little more with the other trades. Lots of mistakes to learn from but I'm happy overall! Again, any feedback would be appreciated and thank you for all the support.
  2. 1 point
    15 Oct 2019 Today was a disastrous day for me. I took 3 trades today and I hit my max loss. 1) $NTRA - I saw a few confirmations in various chart 1 min - Sitting on 50 MA 2 min - Candle sitting on VWAP and saw a hammer (previous 2 candles) sitting on the VWAP. I am thinking of a reversal. Yeah. 5 min - Candle sitting on VWAP Took 2 LONG trades at around the same points but in the end got stopped out (refer to 1 min chart). I think I have traded correctly. Self consolation. Lol. 2) $PAGS - I saw a few confirmations in various chart 1 min - Located below VWAP. 2 min - Located below VWAP. 5 min - Located below VWAP. I went SHORT and took a small profit to cover my huge loss today. Today is a RED Day and I am glad I am on SIM. Live to trade another day
  3. 1 point
    10-17-19 At desk at 9:45.... very groggy.... will only SIM for the first part.... Yesterday The only trade I would have traded was APHA which I thought I booked a $10 loss but I guess the order was for a portion of the shares and today I ended up getting all out on it (an accidental swing trade) I have a lot going on today so I may end with this only trade that made sense to me.... I would have taken this LIVE as I did start with small size and added in on confirmation to 3/4 size NUGT... PB#2.....A setup.... small to start and 3/4 size after add.... I watched SPY start to roll over and had my eye on NUGT it broke VWAP with force and the tape and L2 agreed .... It was above YH and PMH.... above all moving averages on time frames from 2min to 60min .... Took 25% partials starting at the 2/1 level which was also previous resistance intraday..... took more at YYH which is also a dollar amount... then more at what I thought was the top of the move based on the L2 and tape (which was correct) left a small amount to get all out at the dollar..... +114.31 I will have a Live account by Monday (maybe tomorrow) ....... Have some work to do tonight....
  4. 1 point
    October 16, 2019 - $BAC Well I was not planning on trading live today, but I got a little more sleep than I planned, so I made a decision that if I got the A+ setup that I would take a trade. $BAC gave me that opportunity with a nice pullback towards VWAP and a couple rejections along with it. I entered once it broke above the resistance level. I got a 1R partial and then decided to exit a second partial when it was having trouble breaking above 30.70. I put a range order in for the remaining portion and eventually got stopped out at breakeven. Overall not a bad day with a little sleep. Sample Set Results, S P G E E P P P P G G P 13 14 15 16 17 18 19 20
  5. 1 point
    14 Oct 2019 I only took 1 trade today on $X and I should stop as I am done with my daily goal. On 1 min chart, I saw an hammer (may turn uptrend) sitting on the 200MA. My profit target is on the 200MA on the 2 min chart and I am glad that it went over it and I manage to exit after that. Today is a Green Day and I am happy. Live to trade another day.
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