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Showing content with the highest reputation on 10/28/2019 in Posts

  1. 1 point
    10-28-19 AIS 0755 feel pretty good, Normal morning routine PAT: A and A+ Trades for full size and B+ for half size..... Trust myself.... Spreads..... Notes: No more sub-par trades!!!..... When I feel strong about a position, take it...... T PB#1.... A setup (a little early on ABCD for A+)...... full size.... 5min ORB with ABCD on 1min, bouncing off the 9ema on 2min, breaking through a daily level with lots of pressure on the ASKs and Tape going in the right direction.... First partial was 50% then the next two were 25%.... I added in for double what I had moving my stop to BE and got stopped out (in hindsight I should not add that much, maybe 50% add would be good here and this would keep my average down) +28.53 PB#3..... B+ setup..... 1/2 size.... After my stop out it came back to test the 9 and 20ema on 2min and the 9ema on the 5min.... looking for HOD.... This has gone to an ascending chop.... 38.70 has been a pivotal point so I took 50% off above that level and moved a hard stop to BE... will check back periodically and work on other business..... I returned to getting Stopped at BE, if I was here I could have taken another 25% at .80..... +6.50 AMD PB#3..... B+ setup (too far from 9ema on 2min and extended)...... 1/2 size...... took 50% off at 2/1 and 25% more at 3/1 and out at BE..... +12.47 Cons: not real happy with the PB#3 trade on T, overall entry was more speculative than what the charts were telling me.... Pros: Took appropriate share sizes... Respected my stop..... Favorite Trade: T PB#1 Notes: Watch out for sub-par Trades!!!... Stay with full size for A and A+ and half size for B+ ...... P&L Goal 50.00: +47.50
  2. 1 point
    28/10/19 I am not ready for live trading. breaking rules, dont have a clear idea about how to manage my trades. still letting emotions rule me. closing my account and going back to sim for 3 months so i can build a proper strategy without blowing any more money. Trade 1: went for an ABCD on TSLA, waited for a new 5 min high, when it went my way i added more because i felt like my stop was so far away. it then started to go against me and hit my max loss per trade but i didnt stop out because it didnt hit where i thought my stop should be at the new low. then finally stopped out when the breakout didnt go my way for a 1.5 R loser. Trade 2: saw the pendant form, waited for the break with volume, set my stop appropriately above the previous 5 min high but stopped out early as soon as it went against me and then it went 2R at the time of writing in my direction so again horrible trade management.
  3. 1 point
    Hi Kyle! Welcome to the community! Day trading especially at starting is really tough, hopefully being in a community going to help you as it already helped me! If you have any suggestions for us as a community let us know, and if you've any questions don't hesitate to ask!
  4. 1 point
    Tomorrow starts Sample Set 7. What has changed, nothing from Sample Set 6. I am going to repeat the process and see the results. I will than make changes from there. Although through Sample Set 6, I developed a playbook after William H's advice during his trade review session. I have added a link if you would like to view it. (Credit goes to Robert H as it is mostly from his template with a few additional tabs). I know a few other traders are working on a template for the community, so I will most likely adjust it after that, but I wanted to start with something. Trading Rules, Psychology, and Mantras credit goes to the BBT team and the authors on the book list. https://drive.google.com/file/d/16FJqSOWuFjTo-bVfKpiNwL1VEbKgQhOa/view?usp=sharing
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