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Showing content with the highest reputation on 10/31/2019 in all areas
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2 pointsOctober 29 & 30, 2019 - Sim On Tuesday I hesitated on an entry with $PFE and missed a opportunity. After that I called it day Today October 30 was a very busy day at work today, so I did not get to execute my normal afternoon or morning routine. I got interrupted in the morning about 5 minutes before the open. I can’t wait till I trading from home every day. I had $GE, $AMD, and $CROX on my watchlist. I didn’t end up getting back to the computer until about 20 minutes into the market, so I chalked it to just another reason why I want to retire and transitioned to trading my other strategy in sim. I took $MSFT long and got a win. In the afternoon, I had a setup on $GRUB, but I couldn’t quite figure out how to take it short on SSR. Overall still very happy with this week, even though the bottom line is not showing it. A lot of growth has happened though. Can’t wait for the open tomorrow. 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 pointTrade Date : 10/30/19 * 1 trade on $GE, wicked 1 min bull-flag, ugly 5 min
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1 pointHi folks, here is a copy of the playbook template I discussed in the Feb 14 recap. The file is obviously a sample meant for each individual trader to complete with their own strategies, patterns, and setups. https://drive.google.com/a/bearbulltraders.com/file/d/1bmu3XzT_KtzTfya2Fo7Uqc7DZG_N7q-B/view?usp=sharing Please download a local copy as .xlsx
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1 point10-31-19 Happy Halloween !!! AIS 0800 with about 4 hours but I feel pretty good..... Normal Morning Routine PAT: Share Size (I will reduce size for the next two days so my 50.00 goal may be a little hard to reach).... Setup Grade ..... Notes: Still need to work on share size a little..... Still taking sub-par trades..... Do not pay much attention to the stocks not in play early on...... I am going to try to turn off the Chat once I am in a trade or getting ready to trade..... FCAU PB#3....... very small size..... B+ setups..... Tried twice with a tight stop and low risk... stopped out on both.... took these Trend trades based on the 5min ABCD and trending the 9ema..... -6.00 KHC first trade PB#1..... B+ setup..... very small size.... A little extended on the 5min ORB.... Took a scalp.... second trade PB#3..... A setup.... very small size..... based on the LVL2 mainly as it was a bit extended from the 9ema on the 2min, but it did have a nice ABCD on the 1 and 2min..... I did something new and used a tier system where I get in and add to it in sections or pull backs but also taking some off at profit levels based on the LVL2.... These were all partials and adds until the end.... +38.51 Also a couple small trades on AMD and pretty much just paid CMEG..... +0.94 Cons: Should have entered when I seen my patterns .... hesitation from yesterdays blowup Pros: Lowered my size to make sure I was not gonna revenge trade..... and I am glad to say I did not.... Favorite Trade: KHC PB#3 based on LVL2 Notes:P&L Goal 50.00: +33.45
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1 pointWednesday 10/30/2019 I had a well-being score of 7/10 this morning. Nerves were a bit high due to running a little late in the morning so I wasn’t finished with my PM checklist until moments before the open. I was also nervous by my end of the month self-destructive behaviors were going to kick in. I took 2 live trades this morning with MAT and AMD. My watchlist today was: AAPL, BABA, MU, AMD, GE and MAT. My game plan was brief, no trading before 1min except for MAT and only if it breaks all through all the tech levels. MAT gapped heavily up. And it open with a ton of daily levels below and all the MAs above it. So if it could punch through all the MAs above it I was planning to go long with hopes of the price breaking the PM high then there are no levels to hold it back. The price action on MAT at the open was way too wild with 20-30 cent swings every few seconds which is huge for a $13 stock. The price swings started calming down and I was looking for an entry then I saw 18K shares buy hit the ask and I went long. My fill was bad, but expected. I only took a small share size because my stop was all the way down to the 200MA-1min due to the huge price swings. My target was the 13.45 daily level. After about 90 seconds of wild price action the price calm down a bit and I moved my stop up to the 12.80 level which allowed me to increase my share size. Under one second after my fill someone dropped 19k shares at the bid and tanked the price through my stop. But I watched the price being bought up and dropped and bought up over and over. Looks like there was strong support under 12.75 so I held. Was this good discretionary thinking or was this a drop in discipline? Difficult to tell. I think it was a bit of both. The price moved up but I was nervous so I sold 25% at HOPM. But the price moved right through it to my 1.5R target and the limit order was filled. The price was so wild again that I placed a stop order at B/E. B/E was reached soon and there was an expected slide with the fill. Once the trade was over the 5min chart looked very bearish but there were a ton of daily levels below that I was not willing to take another trade on it. Now usually on my last week of the month, due to very high self sabotage behaviors I usually switch to SIM after I make any profit. So my first instinct was to switch to SIM but I held myself back because I like the setup I saw on AMD. AMD had huge volume in PM and I really like that it open the premarket at the PDC then dropped 50 cents then for the last PM hour the price worked its way back to PDC. The first 1min cadle was a doji then it really sold off. Then 3 white 1min candles with HLs. I went long when the price broke all the MAs. My target was the 33.16 level and my stop was the bottom of the candle wick. R/R was only a little over 1 but I liked the look of it. And the T/S was really flying so I was hoping it would keep moving in the same direction. There were huge green buys flying in but the price did not move much. I placed a 1.5R limit order and waited. The price suddenly dropped and that is when I noticed my share size was wrong by 50% (too large). I wish I realized that when I was in the profit I could have shed some shares off, now in the negative find it more difficult. But now my stop out trigger finger was twitchier knowing my incorrect share size and I stopped out at the break of the 32.7 level and not the bottom of the wick as planned. The price instantly reversed on the penny of my stop. I had to walk away from the platform after that because I knew it was going to go back up and reach my target. And I really wish I stopped trading live after my first winning trade. When I came back to the platform I switched my platform to SIM and then took a look at AMD and yep the price had punch through my target. That is when I noticed I forgot to remove my limit order which was triggered as a short. So I had to switch the platform back to live and cover. I did take a nice reversal with AAPL in SIM. I usually don’t try reversals since it always goes bad. So it was nice to have a reversal winner. Score cards (live trades). MAT AMD 86% 76% What I did good today: I can say that both my trade ideas were correct and if properly executed it would have been a profitable day. What I am grateful from today? I am grateful for only being -0.7R down today. My self destructive behaviors were in full gear today so I was lucky to get out with not too much damage. What do I need to improve on: Watch the share size this week. Though I usually am quite solid at it, the wrong share size is my most common self sabotage weapon I use against myself.
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1 point30.Oct.19 Green day, +4r. Watchlist: $AMD, $TWTR, $GE & $TUP Trade 1: $TUP - Rising Devil setup. $TUP earnings just before the open. Dumping and setting up for Rising devil. It was Harmonious and at ATL, my A+ setup. Very volatile at the open, but stayed in the trade, trusting the setup. partialed out quickly, as i added twice and had big share size. Trade 2: $AMD - Premarket $AMD earnings yesterday after close. Guidance was bad and so lost 2.5% and gapped down this morning. Took a short premarket and closed it for 1.5r. $AMD - was stuck between $32.3 and PCL whole day, I didn't get the breakout from either of these levels. Choppy. $TWTR - Another red day for $TWTR. it moved within 25c (29.75 and 30$) whole day. $GE - Traded well, bounced off the level 9.7 and moved 70c (that's a lot for $GE). Was late on the PB-BE setup on the 15min. small risk, big reward. $TUP - Glad I stuck to $TUP today, other stocks in my watchlist didn't move as much. Good: No Overtrading only 2 trades. I am more happy about this than the daily goal today. I was able to stick to my rule about not overtrading. on $TUP, trusted the setup although stock was wicky at the open and about to stop me out. Added at the right places. Overall I am happy about the trades today.