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Showing content with the highest reputation on 10/26/2019 in Posts
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1 pointHello Yasser! Welcome to BBT family, make sure to take your time in simulator, don't rush going live:D I believe you'll be able to make it!
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1 point10-25-19 AIS 0830, a little late and a little groggy but much better now...... normal morning routine... PAT: Share Size..... A+ and A setups only...... No hesitation on A+ setups.... Notes: Pay more attention to Share size and Grade of Trade...... INTC News today: Best returns in the industry...... Better earnings and results .... and more overall good news.... PB#1..... A+ setup.....This 5min ORB with confirmation of the ABCD on the 1min is as good as it gets.... I had to literally sit on my hands in the first 5min as this is one of my rules for now..... I entered the first trade and stopped out on too tight of a stop... I reentered as soon as I seen the additional info from the Tape and L2.... I took partials on the way up and left a little for the trend.... There were a few times I wanted to add but all I can think is that it is too extended, the first was at 1110 for 55.90.... This in total was about a 5/1 trade but with the first stop dragging it down the profit wasn't quite there... there is a green candle at my exit, this is from the first time using my phone for a trade and I accidentally went short in SIM and then covered as soon as I seen it (-0.33 in SIM LOL) +55.38 VFC PB#3.... B setup...... took small share size as I thought it was maybe sub-par at the time (should not have taken this and gave away 10 bucks) ....... mistake #1, put my stop at bottom of candle.... #2 the spread on this was terrible, it was .11 and I thought I seen .01....... either way just glad I got out of it as I should not even be in it.... -9.60 Cons: Took a sub-par trade with horrible spread.... Feel like I should have added on INTC when I wanted...... Leaving money on the table..... Pros: Found a nice PB#1 and managed it pretty good Favorite Trade: INTC Notes: No more sub-par trades..... When I feel strong about a position, take it...... P&L Goal 50.00: +45.78
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1 pointTrading is not natural, this is mentioned in many many books. If I were to draw a primal analogy it would be like hunting buffalo, most of the time you fail, but you don't keep chasing the buffalo when you lost the initiative. I would assume a lot of young hunters did and either got killed like in the movie 'Alpha' or let other potential catches get away. Point is, plan your attack and even the best planned hunts fail most of the time. But the important thing is you survive to hunt another day and learn from your mistakes. When you make a catch it more than makes up for you failures. Food for weeks. Commissions are cheap as Andrew says. Sometimes you need to break a bone aka blow up your acct to learn this lesson.
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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 pointFriday 10/25/2019 I had a well-being score of 6.5/10 this morning. I took 1 live trade this morning was with AAPL. My watchlist today was: AAPL, BABA, MU, NVDA, INTC and YNDX. INTC was on my primary screen at the open. I was watching and waiting for INTC to settle down and I saw AAPL setting up. AAPL quickly created a nice hammer and I went long when it broke the 50MA which it was respected in the premarket. My target was $244 with my stop at the LOPM. The price moved up reasonably quick as SPY started moving up as well. I took 25% partial at PDC and another 25% at the HOPM. Both partials were planned and were fine. Then I took a poor partial at the 1.5R level. I think just because I am use to taking one there. But had no reason to. Then the 1min chart started forming a really nice wedge with the top at 243.97. I really thought if it breaks that level it was really going to move and I will end the week with a nice 2R trade. It did break the wedge, but quickly fizzled and I exited the trade, shortly there after, when things started looking gloomy. The wedge that formed: Once the trade finished, all the other stocks on my watchlist, either already moved or did not have a setup. After a few minutes I called it quits for the week. I didn’t even take a SIM trade. Score card (live trade). AAPL 94% What I did good today: I like the AAPL trade. I liked I caught the top with a partial profit. What I am grateful from today? I am grateful to get +1.2R today, since the trade fizzled after less than a 2R move. What do I need to improve on: For the most part I liked my trading today.
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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 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 point21.Oct.19 Green day. +4R. Today I had a better day. I am going to keep this journal short, as I am travelling. I may not be able to trade the next couple of days. Watchlist: $AAPL, $AMD, $HAL, $YNDX. Last earning season, I did not trade well, partially due to having so many stocks on the watchlist and not watching one particular stock. This time, I made sure, I finalize only 3-4 on the watchlist and observe one at the open. Trade1: $AAPL. $AAPL gapped up and at ATH. $SPY also gapped up, I had a key level at 238.2. Trade 2: $MU. $MU also gapped up. Had a nice entry at 10.05, that I missed. Later took a long at 20MA (1min) final partial at HOD (also 200MA on 15min and 30min). My trade of the day (due to my poor add in AAPL). Trade 3: $MU. I also took a reversal on $MU after trade 2 that worked well (under huge resistence in mutiple timeframes). Trade 4: $INFY. Took a scalp on $INFY once it bounced off VWAP at 12 Noon. Good: Whatever setups I took in Real and SIM worked out perfectly (including $AMTD Earnings Play). I was calm and patient today. I am still listening to relaxing music at the open. Improvement: couple of them in $AAPL trade. Will try to improve on them.
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