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Showing content with the highest reputation on 10/25/2019 in all areas
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1 pointCongratulations Rob on your Trading Anniversary! What matters most is if one survives thru the learning curve of initial 1 year trading in the Live market. You have held it together and you have done it successfully. (I am so looking forward to mine). Very well written summary, especially on the piece about how trading changed your personality for better. I sometimes feel the same way. Trading is making me a bit more disciplined (I am not very disciplined, I don't stick to my routines always as I find them boring). Also, learning the way we accept losses to the market, there are things that are not in our control in life. Just accept them and move on. I think as the personality improves, the trading gets better and when the trading gets better the personality improves too. I feel, they just feed on each other and grow.
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1 point25.Oct.19 Green Day. +4r. Watchlist: $INTC, $PCG, $PDD, $MU and $TWTR(2nd day earnings). I really liked my watchlist today. Trade 1: $INTC. Missed the Entry due to a distraction at the open. Waited for the 5min ORB, got in and chickened out, because the risk was too high. Entry at 3rd 5min candle would have been better because now the Risk is smaller (low of 2nd 5min candle) . I also traded couple more trades which were green. Trade: $PCG. $PCG was on my mainlist. I thought about an entry at 6.46$ premarket before deciding against it. It dropped to 5$ even before the open. Bit of a FOMO here. Anyway, I took short at VWAP pullback, and put a range order. Because I was in another trade on $TWTR, I didn't monitor $PCG and got stopped out. Trade:$TWTR. $TWTR was 2nd day Earnings Play. I had a level of $30.5 which was Yesterday''s low. My thought was if it breaks this level, then it was going to dump today. But the consolidation at this level $30.5 was missing so, it didn't move much. $TWTR was on SSR.S and it was difficult to get a fill. Trade:$TWTR: Also, Took a reversal off $TWTR (Double bottom) to VWAP, that worked out nicely. Trade:$TWTR: Near the close I saw the Price action pulling to VWAP. Stock looked weaker on 30 and 60mins. Took a small share size and AON exit. It was trade of the day. Good: I ended my day +ve, despite missing couple of one and done opportunities in $PCG and $TWTR. Also swinged 1 trade of $AMZN from yesterday. Each one of my premarket watchlist played out accordingly to my game plan. will make most out of it next time. Improvement: Some repeated small mistakes that I need to eliminate in position sizing and partial. Also missed the doji hammer double bottom for 2nd consecutive day.
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1 point24.Oct.19 Redday. -2r. I was up 2r, traded the earnings and ended up at -2r. I also overtraded a bit. Watchlist: $EBAY, $TWTR, $AMAT, $TSLA. Trades : $TWTR. Was down 20%, but I am still looking for reversal setups instead of going with the trend. I took 3 failed reversals, before actually one worked. Trades: $MU. Double TOP reversal. AON exit. Good: Improvement: When a stock is trending, I look for reversals. The risk of taking reversal is more than risk of going with the trend. I have a habit of not chasing stocks, so I end up looking for reversals, sometimes too soon.
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1 point25/10/19 max loss today think i was trying to force stuff. Trade 1: ORB on ROKU this looked good, increasing vol going down, low vol pullback and VWAP rejection, but went up and stopped out. Trade 2: pendant breakout but got in late and it didnt have the volume on the break i like to see so shouldnt have taken this. got out for a small loss. Trade 3: same again but again no volume on the break... Trade 4: descending triangle but i didnt get the entry i like and the breakout failed and broke the resistance line so took it long and got some good partials, shouldve taken more at the top though, only ended up being a 2 R winner. Trade 5: This was an ABCD but got in after a hammer when i shouldve waited for a higher low then confirmation of a new high. Trade 6: pendant breakout again with no volume... need to restrict myself with these more.
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1 pointOctober 25, 2019 Well got a good entry on $AMD for a 15 min Orb. I took a partial a little early but that was because it rejected 32.15 twice and on the third time I took a partial and decided to let the rest ride to my profit target. Unfortunately, the price came just to my breakeven point and stopped me out before moving back to the profit target. A good trading day and stayed within my edge going into the weekend. It has been a slow grind this month, but I am happy with how I have traded and even happy with the no trade days. A lot of good progress has been made on my other strategy. I should be ready to trade it live in November. Sample Set Results, S P G E E P P P P G G P P P 15 16 17 18 19 20
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1 pointOctober 24, 2019 Today got a trade in on $EBAY, was hoping it would continue, but it did come all the way back to VWAP. I got a partial and the rest out at breakeven. I had a little hesitation on the entry, as I was not completely sold on the volume, but when it could break below VWAP on the next two candles, I choose to take it long. I than transitioned to sim to work my other strategy and got a short on $EBAY when it lost VWAP. I again have been laying over Thor’s Price Level Breakout over my moving average crossover. The entry seem a lot better and more technical, which is more in line with how I like to trade. I got a partial at 1R and all out at 2R. I am still a working to find the sweet spot for stop losses as it seems I have a large stop and if I can get to a point of having a little tighter stop loss, I should be able to get a better risk to reward. Sample Set Results, S P G E E P P P P G G P P 14 15 16 17 18 19 20
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1 point10-24-19 AIS 0800 with 4 hoiurs.... SS and a coffee... feel a little groggy.... PAT: No Sub par trades..... Keep share size Notes: DO NOT TAKE SUB PAR TRADES..... Keep my stop / R at 10.00 and 20.00.... AMAT PB#1..... B+ setup (thought of it as a A)..... this was a beautiful 5min ORB but lacked the confirmation of an ABCD... The LVL2 and the Tape was very bullish.... Took 50% partials two times at 1R due to the change in the price action on L2 and Tape...... then all out at BE..... +18.50 AZN PB#1...... A setup... mostly due to the Tape and LVL2 with a 30min ORB, trend of the 9ema on the 5min and an ABCD on the 1min... didnt make an A+ because the ABCD was not as clear..... My first mistake was I took it for a 10.00 R instead of the 20.00 that I thought I hit...... took 25% off at 1R and set an order for target that got filled.... My second mistake was not getting back in around .96 on the consolidation.... I was sure that it will go past .10 with force but I chickened out.... If it comes back down to test the 9ema on the 2min I may take another pos...... 2nd... PB#3.... A setup.... Trending the 9 ema on the 5min, forming an ABCD on the 2min (in on C and the bounce off the 9ema)..... very tight stop below last candle.... I did this because I seem to get reversed on this time of day.... I took 25% at a little over 2R and I have set a hard stop for BE so I can Journal... It hit my BE...... I maybe should have kept my stop at original position (would have stopped out anyway) but only time will tell, this is my problem part of the day so I am happy with the small win here... +30.59 1130 Will now go for a bit and work on other business ..... back in a bit.... MSFT PB#3.... A setup... trending the 9 and 20ema on the 5min, ABCD on the 2min and a nice clear direction.... Love the entry with small share size... was looking to add on after the partial but I got called away from the desk and sold (I should have set a stop order but needed to go NOW).... +13.00 Cons: Messed up on Share size and Grade of Trade on AMAT a bit..... I hesitated on the second trade of AZN and missed a better entry.... Pros: Controlled my FOMO Favorite Trade: AZN Notes: Pay more attention to Share size and Grade of Trade...... P&L Goal 50.00: +62.09
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1 point24/10/19 much better day today exercising patience, nothing i liked at the open and so waited until 11:30 before i saw something i liked and got 1 and done with a 4.5 R winner. Trade 1: pendant formed on TSLA after a reversal from LOD, it broke out the top with increasing volume and never looked back. got good partials along the way and stopped out at a new 15 min low.
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1 pointThursday 10/24/2019 I had a well-being score of 5/10 this morning. Only 4 hours of sleep again. I took 1 live trade this morning was with AMAT. Lots of gappers this morning. My watchlist today was: AAPL, BABA, MU, PYPL, TWTR and AMAT. TSLA was too crazy for me, so it didn’t make the watchlist. I really liked the daily chart for AMAT. Just before the open the price popped up and found resistance at the last daily level before a lot of open space. Then about 30sec after the open it popped up again and found resistance at the same level. Volume was good but it sat at the level for a few seconds. Then a mild signal appeared in L2. It was only 11k shares, which for a $50 stock is not big, but it was the final signal I needed to go long. But there is an issue, Since we have broken out of a range in the daily I don’t have any target. Also, the only possible stop was 50 cents away at the 52.69 level. So I went small share size so I had the correct risk for a 50c stop. But, I was hoping I may be able to add some more shares later. After 2 minutes the price formed a good level at 52.40, so I can add shares with VWAP as my stop. As soon as I did the price dropped and almost stopped me out. Then a minute later finally broke out a bit and I took a 25% early partial mostly due to nerves and seeing SPY really dropping. But, I should have been more patient because the price continued up and I took another 25% at 1.5R shortly after (which should have been my first partial). Then 3 minutes later I took another 25% at 2.5R. Then the price dropped fast and I thought SPY is finally acting on the price and I exited the trade. I took 3 SIM trades which I am flat. Score card (live trade). AMAT 92% What I did good today: I like the setup on AMAT What I am grateful from today? I am grateful to get +1.4R today, especially since I was long when SPY was plummeting. What do I need to improve on: Add shares on the pull back!!
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1 pointThanks to Kurt and William for setting it up and hosting in St. Louis. It was great meeting and learning from all of you. Can't wait to learn more everyday :).