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Showing content with the highest reputation on 11/01/2019 in all areas

  1. 1 point
    Welp the most important thing in trading is keeping a cool head. Don't get flustered, act as a machine doing commands and IF/THEN statements. Problem solve what's holding you back, if CMEG causes a distraction and throws off your trading use a different broker. And thank you for making us aware of your situation!
  2. 1 point
    01.Nov.19 Green day. +2r. Its a local holiday so keeping it light today. Also, after a bad day, the next day is usually worse for me. So didn't sit thru all the trading sessions. Trade 1: $PINS. 30min after the open, noted $PINS forming higher low. Missed the entry a bit. But caught it after the bounce off VWAP. Got out at 200MA 1min. $PINS traded strong thruout the day. Trade2: $X was strong at the open, at HOD and consolidated at $13.4, Breakout trade failed. Trade 3: $NWL AON trade for 2R. Gapped up on daily and very strong today. Potential for lot of pullbacks and some fakeouts. Good: Liked my trade on $NWL & $PINS. Didn't overtrade today. Overall Good trading day.
  3. 1 point
    1/11/19 decent day today except slippage on my first trade put me 3 Rs down but oh well. Trade 1: tried a rising devil but stopped out and the price jumped a mile. Trade 2: ABCD on aapl but the consolidation was so long and after it made a new high and came straight down i got out near b/e Trade 3: kinda ABCD/pendant break out, i had my limit for 2 Rs set and it hit it but didnt get filled then stopped me out so that was a bit annoying but still a good trade. Trade 4: tried to get in on a pullback short on PINS but stopped out, then loads of big asks came in so i took it long when it didnt make a lower low and got a really big move on it. great trade.
  4. 1 point
    Hi dmiles, I know exactly what you are going through. To be fully transparent I used CMEG for about 1 year exactly and before that SureTrader and various other full service brokers. My experience was mixed, CMEG did have some of their broker rule changes and auto account wind up liquidation changes without informing their clients by email beforehand. Basically, they were changing their rules on the fly without giving notice and that 'messed' up some of my trades. I was holding some positions overnight during that time. I have had issues where trades got rejected for no reason and tried calling. CMEG is exactly what you said, when it works, it works fine, but when there are issues, getting a response can been difficult. When they first started back around Feb 2018 I dealt with their clients services directly and they were EXTREMELY helpful in answering all my questions. I did have success with wiring money in and out of CMEG within their time-frame but requesting statements was received with some dislike on their end. They only had a few dozen accounts at the time and I have no idea how much they have grown now but it could be an under-staffing issue. I have an IB account also now as a domestic broker is more reliable and their customer service is superb. Frankly, if you are just starting out, the PDT rule is probably for the best, and having unlimited day trades with a very small account offshore can be risky to account blowup. It was for me and I have learned to be better for it. And yes I agree, a confirmation email on all requests NEEDS to be sent to clients, that is unacceptable service on their end.
  5. 1 point
    Hello Everyone Finally back trading from my 4 days work. Tried trading before my night shifts but I'm usually tired and very impatient. Didn't input on my journal for those days as I know the main reason for poor decision was that I was not patient. I went in to this trading day making patience my core principle. I also, learned that I NEED to use hard stops using market orders as I've always said, "I have a feeling it wont drop/rise anymore". And then I shoot myself in the foot. Did a couple trades. Tried to be part of that falling angel/rising devil with PINS but I put my limit order too high by .01 cents...lol. Ah well. AAPL Took it long after 5 min ORB with stop loss at VWAP. Then I thought I saw higher highs and highers lows with the bullish candles and went long on the next candle and went long. Stop loss at VWAP again and got stopped out. A trend started to form so I waited for a pull back. Again, patience. Once I saw the pull back I waited for more confirmation. I noticed an engulfing candle but still wasn't too happy. I waited for the next candle to form above the engulfing pattern. Once that happened, I went long with stop loss just below VWAP. Waited for 2R and started to partial out while also moving my BE using hard stops. I was down to 50 shares so I decided to pull out before it dropped. I then re-entered again when I saw the new higher highs/lows. I've also been paying attention to MAs and it's added to my confidence in making decisions. BABA Noticed a beautiful trend up on BABA. Once there was a pull back and confirmation for a long, I bought in and started to partial out at 2R with stop loss at VWAP. I think I have been bringing my BE a little to high but it worked out for me this time. X Waited for 5 min ORB and went long with stop loss at VWAP. Started to partial out at 2R. Brought my stop loss to break even and got stopped out. Once the stock reversed and noticed a new candle breaking back over the MAs I went long on the next candle, with a stop loss at VWAP. Sarted to take profit at 2R and eventually got stopped out at BE. Now, I should've have have brought my BE up higher... ah well. Next time... I've made my goal but I got a little greedy and lost out a little on apple. Lesson learned, do not trade after hitting my goal. Any feedback would be greatly appreciated. Thank you and have a wonderful weekend everyone!
  6. 1 point
    11-1-19 AIS 0810 with over 7 hours... Feel Good but have a doctors Apt and need to leave at about 1000..... Normal morning routines PAT: Will keep size lower for today from the blowup on Wed....... Do not hesitate on my A setups..... Notes: Trust my setups earlier when I see Them CRC Reason2Trade Positive Q3 results with a large Short Float of 36%.... I was biased on how this would act when the shorts get squeezed and I feel this can last most of the day.... I was looking for it to hold 6.95 which it never looked back at.... PB#1.1 ..... Opening with VWAP as support on small time frames.... Took small sizes...... first one stopped me out as it lost the low a few seconds before..... second was a 1min ORB getting back above VWAP with a very tight stop at below VWAP..... took profits and added in on the pullback to VWAP... again took prifits and added in at a nice ABCD pattern took a profit and stopped out at BE and getting below the 9ema on the 1min at 0941..... switched to the 2min now..... another nice 2min ABCD and went long and added in on another ABCD.... took profit at new HOD and have now set a hard stop for BE as I need to get to the doctors office..... I feel like I could have waited for the 1min ORB but was scared to miss the entry and kept my stop very tight on the first one..... as of now.... +54.58 Cons: None Today Pros: Stuck hard to my stop loss on the first trade.... Feel good about reading the price action and LVL2... Favorite Trade: CRC Notes: Feel good about my trade management and entries.... P&L Goal 50.00: Will come back for an update on this trade, but as this makes my daily goal I will not trade no more today... Did get stopped out +54.58
  7. 1 point
    October 31 - $AMD by accident I had a rough morning, with my watchlist of $KHC, $WDC. Both stocks had great moves, but never really gave me my setup. I was frustrated more than usual I think because I just had the feeling that $KHC would take off right after it rejected the VWAP at the 4 minute mark and near the same time I was watching $WDC, and saying give me a pullback just a little to get a better risk to reward right near the close of the 5 minute candle. I didn’t take either trade and just ended up watching them move nicely in the direction I thought they would go. After about the first half an hour I knew my head was not in it so I started looking for my sim strategy. I got a good entry on $MU to the long side and had to set a range order because I had to go to work. In the afternoon, I came back and took a sim trade on $MSFT and got stopped out and shortly afterwards saw a decent setup on $AMD, so I took it short. As soon as I pressed the hotkey button, I knew I took the trade live instead of sim. Amazingly, I went dang, oh well let’s see if it works and I had zero emotion to actually getting into the trade as it was a decent setup. I got a partial at 1R, and a quick second partial at 1R as I didn’t delete the limit order and got out at 2R near a support level. If it was not trading around the $34 level, I probably would have let some more ride to VWAP, but I know how strong the $34 level can be. It did eventually hit VWAP right before the close. Overall a day of mixed emotions. Ended the month on a positive note. Sample Set Results, S P G E E P P P P G G P P P G 16 17 18 19 20
  8. 1 point
    31.Oct.19 Red day. -9r. Today, I was not planning to trade, probably that's why I incurred losses, I was underprepared (ie. I had not finalized my watchlist, didn't mute the chatroom, havn't played the music, hadn't started OBS yet). Watchlist: $FB, $AAPL, $LYFT, $W. Trade: $W. $W had gapped down 16% on bad earnings and still selling before the open. But it had Short ratio of over 25%, so I thought it may squeeze sometime. At the open, $W was strong, but soon sold off, I waited for the pullback after big red engulfing candle, got stopped out. I got better entry close to VWAP, still stopped out. Last one worked fine, but didn't dump as I expected. It formed double bottom and I got out for small profit. Trade: $KHC. I had a range order set for profit, I got missed by 4c (for 3r) and stopped out (-1r). Improvement: $W had bad spread mostly 5-10c, but sometimes upto 50c. This lead to being in a losing position imm after entering a trade. today my share sizing was bad leading to more than my max loss. I must stick to Risingdevil or PBBE/3C setup at the open and not trade any other forms in November. These 2 are mostly accurate and my A+ setups. Overall, I was frustrated today.
  9. 1 point
    10-31-19 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
  10. 1 point
    Wednesday 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.
  11. 1 point
    October 28, 2019 - Sim I got about 3 hours of sleep last night along with the travel into work, so I decided to trade sim today. I took three trades. 1st one was a bullish engulfing pattern on $T. I saw it selling off at the open and bouncing back from VWAP. I took it long once it broke through the moving averages and engulfed the 5 minute candle. 2nd trade was a poor setup on a 5 minute ORB on $AMD. I took the trade after a heavy sell off to VWAP and a rejection of the 50 SMA. I got a 1R and 2R partial and I let the rest run. I was looking for 33.98. I had to set a range order as I had to head to work. I almost got filled but was about .05 off. When I came back in the afternoon, I exited the trade and started looking for my strategy while overlaying Thor's price level breakout. I got a short on $AMD, with a tight stop and managed to get a 1R and 2R partial again, before getting stopped out at the breakeven. Overall today was a good day in sim to set me up for 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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