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Showing content with the highest reputation on 11/17/2019 in all areas
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3 pointsI had so much of fun and it was great meeting everyone yesterday. Thanks so much to BBT for sponsoring the meetup and being so generous. I hope everyone came away with some trading friends!
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1 pointI am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!
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1 pointAbsolutely, even my wife and son had a great time, and we are all looking forward to Jacksonville!
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1 pointWeek 11-11 to 11-15-19 What I did Good this Week: I respected my in-trade stop losses I respected my very low share size and partialed as I should I was more choosy when taking trades but I can be a little more in this coming week What I did Bad this Week: When I missed my entry I took the trade anyway "CHASING" I opened up my DAS even after I was done trading for the day I let myself wander to other tickers when I had a plan for the ones I was watching which caused me to miss my entries Changes to be made this Week: Even though I talked about increasing my R value at the meetup I will keep it where it is at as I did not hit my Goal for the week Do Not open up either the DAS platform or Chat after I am done for the Day, instead take this time for further review of what was done during the trading session and even log into my Playbook read and scrutinize Rules to Stick by: Respect my in-trade stop loss and Daily stop limit Take only A or A+ setups Do Not Chase Challenges for Myself: (Added at 1138, 11-18) Turn off voice chat for the first half hour as this gives me FOMO and Anxiety Goals and Rewards: If I can stick to the above rules and show a profit on this R value then I will increase it from $17 to $20 in-trade or $51 to $60 daily
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1 point@JD and @Steph , good job on figuring out all the particulars for this event. We had a great time meeting some of the faces behind the screen names. And of course I would like to Thank @Andrew Aziz for the great spread of food and drinks and most of all your time to come to this meetup. It was also a pleasure to meet @Thor , and Ed and the many others I got to speak with. This was a great event...
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1 pointFriday 11/15/2019 I had a well-being score of 6.5/10 this morning. An interesting day. 7 trades (2 live and 5 SIM) and all stop outs. Definitely not a confidence boosting day. I took 2 live trades this morning with NVDA and BABA. My watchlist today was: AAPL, BABA, NVDA, ROKU, AMAT and JD. BABA gapped almost 1% up though only 100k PM volume. After the open I waited for the big print. After well over a minute I gave up and moved on to NVDA. Of course as luck would have it the print arrived just after and T/S and the 2nd 1min candle gave a good long setup. I would have only gotten to my first partial (1.5R), but on a Friday I would have called it a day. On the positive side I did get to trade other stocks instead of the same BABA every day. NVDA open strong on the first candle and pulled back all the way to the 200MA-1min. The price found resistance and bounce back I went long. My target was all the way to $215 which was a level in after hours trading the day before. It is a long way, but I had no other level. Since R/Rs that are too big don’t seem to work at the open for me I took a large stop all the way to $210 which was the bottom of the candle wick. I set my limit order at 1.5R and the price did move higher quickly. It got to about 1.3R and T/S was showing some bullish prints so I tried not to partial early. But the price retraced and I exited at B/E. Then I went back to BABA which was setting up for a 5min ORB. I went long a little before the 5min mark. I made a hotkey mistake, but I recovered quickly. My target was the 185.65 tech level with a stop at the daily level of 184.24 which also happens to be VWAP. Ten seconds after I went long large bearish prints hit which means I should get out of the position, but I held. I was stopped out shortly after for a full -1R loss. It is not a rule to bail on a trade when I get that signal, but it would be nice that I get strong enough mentally that I can start doing that. Maybe I will try and reduce my share size but not completely leave the trade on that signal in the future. The bearish prints I ignored. Then I took 5 SIM trades and got stopped out on all of them. The DIS trade looked like an a really good wedge on a 15 min ORBD. But that even failed. What I did good today: Didn’t break any rules today. What I am grateful from today? Trading new stocks. What do I need to improve on: Exit trades early when you see a T/S signal or at least reduce your risk.
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1 point14.Nov.19 +3r. Another good day. Watchlist. $WMT, $CGC, $CSCO, $QGEN, $KHC. I liked $CGC (Harmonious and ATL) and $WMT (Harmonious and ATH). $KHC was downgraded, downgraded stocks always tend to go down (defintive move). Trade1: $CGC. Poor earnings and at ATL. At the open it couldn't touch VWAP, very weak. I took short on the Rising devil setup. suddenly there was spike on the upside and so I got out most of my position. partialed at 5min low. last part was 20% that I kept to exit at $15.1, but got stopped out breakeven. Trade 2: $KHC. I was watching to get short on $KHC, at the open it struggled for the move, later at 10AM, it made the move. I felt FOMO, but didn't chase it. Later in the day, noted the stock trying to break the level $31.6 mutliple times, when it broke and offered a pullback I took short and partialed at daily level. This is my favorite trade of the day. Trade3: $CGC. was selling off most of the day, finally reversed and broke VWAP. I waited for the bounce off VWAP before taking long. All or Nothing trade at 2R. worked out fine. Good: I felt FOMO in the morning after missing couple of good moves. But didn't chase them. Improvement: $CGC at the open could have been my one and done. I messed it up a bit somehow. Overall OK day.
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1 pointNovember 12, 2019 $AMRN Well I failed misserably at getting my yearly recap done yesterday. I had to take care of some personal issues that came up in the afternoon, so I will look at getting it done today and posting it. I had a good watchlist for the open. $DXC, $AMRN, and $TME. I failed miserably on saying focused as a setup was generating. As the pull back on $AMRN was happening I wondered off and was looking at $TME. By the time I came back to $AMRN, I had missed my entry. Ironically, while looking $TME, I missed the short entry because I went back to $AMRN to see how the setup was doing. by the time I looked back at $TME, well you guess it I missed the entry. So it was a rough morning. I then started looking over my normal watch list and say $NVDA setting up around 1025, but just missed the entry. After that I called it a morning and decided I would come back after the President was done speaking for the day. Well, I found $AMRN with a nice ascending pattern around the same time Thor was trading it to the short side. I was looking to take it long once it broke through 20.35. I got my entry and nice pop right away. Took a partial at 1R and then set my range order for break even and 3R along with another limit order for 2R. Eventually I got stopped out at break even before the stock decided to make it move to the high of the day. As this is my last trade in this sample set, I think I am going to look at the % I take off at 1R. Looking back over the last couple months the percentage of 1R trades is pretty high. Sample Set Results, S P G E E P P P P G G P P P G P S P E P P
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1 pointHello Jason! Welcome to the community! I really wish you best of success, continue the hard work and hopefully it'll pay off eventually
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1 pointI was looking for the daily score card that Brett Steenbarger suggests but couldn't find anything to incorporate in my journal so I came up with my own custom journal. I borrowed a lot of what Robert has in his journal template and made an excel file that is formula driven when the trade log is exported and pasted into it. I copy the day tab that is currently labeled "04.25" and pull in my trade log from Das in there, then update the Summary sheet tab using the existing Hlookup formulas. Here's a copy of the file if anyone is interested. https://drive.google.com/open?id=1WcUmRE2lMy3jyf8UICQXdRXU1m7LUFgk