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Showing content with the highest reputation on 10/27/2019 in Posts

  1. 1 point
    Plan for week starting 10/28/19. Well PG&E (stock ticker PCG) has cut off our power again starting yesterday. So I will not be trading Monday and possibly Tuesday. Interestingly Friday was the end of 4 weeks of trading this month. Though October is a 5 week month. So at the end of my months I tend to be finished at B/E. I guess my subconscious thought it was on the end of month so I am at 0.2R so far in October. But I was -8R down this month and slowly worked my way back. It should be interesting what happens next week and what week my subconscious thinks it is. Back test data shows AAPL is back in play at the open. But for 1min or sooner ORBs. BABA is also back in play at the open for 1/2min ORBs. MU and ROKU are no longer in play at the open. Due to a shortened week don’t worry about the 5/15min ORBs. If you take one great, if not that is OK. AAPL may be good right at the open, BABA after 1min. Keep $10 risk per trade. Try to set a limit order for 50% shares at 1.5R. Also try and get out at B/E if the price reaches 1R and retraces. Keep trading 5/10/15 min on SIM Continue with the Van Tharp’s Peak Performance Course for Traders. Remember you can take a third trade in a day. Try and take partial profits on the way down as well if you lose faith in the trade. Instead all out at B/E or exit too early.
  2. 1 point
    10-25-19 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
  3. 1 point
    25/10/19 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.
  4. 1 point
    October 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
  5. 1 point
    October 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
  6. 1 point
    10-24-19 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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