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Showing content with the highest reputation on 11/05/2019 in Posts

  1. 1 point
    05.Nov.19 Watchlist: $ UBER, $AMRN, $MYGN, $SHAK. I did the watchlist, took a small premarket trade (+1r) decided not to trade after the open today. I am working on my habit of taking lot of setups and overtrading. That means some days no trading and some days small no of trades.
  2. 1 point
    Hello Ichizo! Welcome to the community! We’re really happy to have you around with us, and having your 10 years of experience of trading is really valuable! I do hope you learn lots of new stuff here from us as we would do from your past experience in the markets!
  3. 1 point
    November 4, 2019 I had to drive home over the weekend, so that meant I was driving into work today causing me to get about 2 hours of sleep. I could barely stay awake for the pre-market show, so it was obvious to me that today was going to be a no trade day. I used the day to work on my discipline by just watching charts and forcing myself not to trade live or in sim. I plan on getting attending the classes and getting a great night of sleep. Tomorrow, I am live with all three of my strategies. I am looking forward to it. Sample Set Results, S P G E E P P P P G G P P P G 16 17 18 19 20
  4. 1 point
    4/11/19 really choppy day and stopped taking trades pretty early when the market wasnt doing what i wanted. Trade 1: tried a rising devil on UAA but stopped out at 0.5 Rs when it didnt drop straight away Trade 2: loads of abig asks on BABA and after a double hammer on the 1 with higher lows i went long, got 2 partials and out at b/e Trade 3: looked like it found support at 180 so went long but didnt quite get to 2R so stopped out. Trade 4: looked like an ascending triangle so tried to get in before it went up for the third touch but out at a new low.
  5. 1 point
    11-4-19 AIS 0800 with 4 1/2..... feel just OK...... Normal morning routine.... PAT: Share Size..... Trade Management..... No FOMO November..... Notes: 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..... AMD PB#1...... setups were long biased and I took full size on both...... I probably should not have even taken these two trades..... first one I should have partialed out 50% at 1R but I did not and the second one was into too much resistance.... Looks like lots of investors are taking profit at close to ATH....... UAA PB#1....... B+...... Catalyst and price action was in my favor for the short but I got a horrible fill on the SSR and action went against me right away and hit my hard stop..... MU PB#1...... A ....... 30 min ORB with ABCD on the 2min..... Didnt like the 5min candles and the LVL2 was not really showing any signs one way or the other.... BIDU AMD PB#3...... A..... LVL2 trades I did a lot of buying at the bounce of 9ema on the 2min and taking partials along with add ons....... I unfortunatlly do not have much time to log here but this took me from almost max loss to slight green.... Cons: Took way too many trades..... Took pre 5min trades..... Pros: for the most part I took the share sizes that I wanted.... I did respect my stops.... Favorite Trade: AMD PB#3 Notes: This AMD trade I called out on the Chat and very proud that Thor took the advice of moving the stop from .90 to .89 ..... and waiting till .98 to start partialing.... P&L Goal 50.00: +.16.47
  6. 1 point
    Worse day in 9 months. A bit ironic I wrote in my monthly summary last night that I hadn’t hit max loss in 9 months. I am not trying to place a blame, though it will sound like it. I had an incident on Friday morning, after the trading session, which completely threw me mentally. I couldn’t focus on Friday and Saturday. But on Sunday I thought I recovered and then traded live this morning. Wow, I wasn’t myself from the moment the opening bell rang. I was breaking rules without any second thought. Finally, when I was down 1.5Xmax loss I was just waiting for the platform to auto liquidate my position as I requested through my broker. But it didn’t happen. I finally hit the panic point and exited my position at 2.5XMax Loss. Of course the stock instantly reversed the moment after I exited my position and went for a big run where I would have made a killing. I then immediately turned off my platform and walked away. Looking back on it now the reversal was a good thing. I shouldn’t be rewarded for breaking my rules. Maximum pain is what should happen. I checked my emails with my broker and I see the request for the liquidation of my position and no new trades when I reached unrealized+realized loss of 1.5Xmax loss. Then I saw the broker saying they can’t do that. Not sure why I missed that I thought I had that risk control for months. I requested it again today and hopefully they are able to comply. I have a reasonably sophisticated way of determining if I am physically able to trade. If what is preventing you is completely in your head it is a bit vague to set limits. I guess if you are not sure if you are ready, you are not. I will be on SIM only until I know I am ready to go back. Hopefully, everyone else fared better today.
  7. 1 point
    Live trading summary of the month of October. An interesting month. I made 34 trades, which is about average. I am flat again for the month (as usual) but I think positively of this month. I was down -8R by the halfway point. I made a few adjustments and I ended up the month up +0.5R. The adjustments I made: First, I switched so I only have one montage. I started taking two trades at once and I was doing well, but I knew that was a bad habit and I needed to stop. Once I did I was better at reading the tape, because I could focus completely on it. Second, was I moved my B/E stop outs by 4 cents (not in my favor). I missed two HUGE runs early in October by the stock dropping down and stopping me out at B/E by 1 or 2 cents and going on for 10R runs. Third, I lowered my R from $30 to $10. I always used a R that was the maximum I could handle mentally. But that is not correct. I need to place it in a sweet spot. High enough I feel I am trading live but not stressed about the money. Actually I am increasing now from $10 to $15 next week. Finally, I set up buttons that automatically setup a limit order at 1.5R for a 50% selling of shares. I take partial profits way to early. With that limit order in and on my screen I have more patience waiting for it. A lot of members of my chatroom set a limit order at 2R, but my data shows that very few of my trades make it to 2R. But 1.5R is common enough to make it worth while. Though I create a score card for each trade, I don’t track it any more on a monthly level. I am glad to say I did not hit the max daily loss on any day this month (and the last 9 months). Goals for November: 1) Don’t go hulk. 2) Learn to control your emotions after a loss. 3) Keep using the limit order on 1.5R 4) Increase risk per trade $15. 5) Keep improving health. 6) Keep making SIM trades on 5/10/15 min ORBs 7) Start taking small live 5/10/15 min ORBs. At least once a week. 8] Take a break with the Van Tharp course for traders. There was one recent chapter actually took a month, working almost every day, to finish. It burned me out for the course and I need a break from it. At least a week, but I am OK restarting in December. 9) Work on being able to manage a trade with a bad entry. Either exit or take shares off the trade to renormalize the risk. 10) Allow a third trade if a previous trade was exited well early for a tactical trade management purpose. 11) Stop out at B/E if price reached 1R and retraced. 12) I can look at P/L window again once the trading session is over. 13) The goal is to make money. Stop caring if you are right or wrong about a trade. If it was a good setup and well managed, you will always be right. Plan for next week. BABA is in play at the open (1min ORBs) but not showing much for the 2/5/15min ORBs. AAPL is only in play for the 5min ORB. MU choppier than usual and only should be a focus if gapping big or unusually high volume.
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