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Showing content with the highest reputation on 11/25/2019 in Posts
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2 points11-25-19 AIS 0805, 4.5 hours, 6/10 PAT: A setups only..... No chasing Notes: No return after I call it a day.... SNAP Reason2Trade Recent News putting this at a buy now stock.... RVOL was 2.0 at the time..... PB#2... Felt like an A to A+ setup..... Broke above VWAP on an ORB with the break of a bull flag, looking back at this it is a more of a ABCD on the 2min and was a chase.... also my stop should have been lower thus making my R/R not worth it.... Entry 15.80 stop 15.73 target 16.00 (Asks stacked all the way up to 16.10) -1R TEVA Reason2Trade News on Debt Tender bringing attention to it.... RVOL 2.02 ......... PB#5.... A setup?..... Took 1/2 size due to this being a new addition to my playbook.... Made a nice 2min Double bottom with the 50ma heading up as support... made it through VWAP on decent volume (not great volume not an A+).... ASKs were stacked up at .74, .78, .80, .85, .90, and 11.0...... It did pull back very close to my stop.... My entry was 10.70, stop 10.62, target 10.98... took 33% partial at 1R, 50% at 2R, 25% at 3R , and all out at 1R +1R SNAP PB#3..... A setup (felt like there may be some algo trading).... 1/2 size..... On the 5min the 9 and 20 crossed a few candles before and it is now holding the 50ma as resistance, the 9ema is also getting ready to cross the 50ma.... I was waiting on a pull back on the 1min to the 9ema for an entry (this was hit dead on for my entry).... the 5, 15 and 30min are all on a clear downtrend.... got caught up in Algo so I took two partials a little early to reduce my risk and then lock in profit moving my stop to BE.... Entry 15.65 stop 15.67 target 15.50 +1R MU PB#3 in an uptrend on all time frames waited for a pullback to the 9ema on the 2min... took two partials and all out at BE +1R Cons: Took 1/2 size on almost all setups with lack of confidence from the last three weeks.... Pros: Setups I took were either at least A setups or what I thought at the time was A setups.... Favorite Trade: TEVA Notes: Gotta go.... Rs: +2R
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1 point25. Nov. 19 Greenday. +1.5r. It's a tough day as most of the stocks I watched didn't give me a clean large move. Watchlist: $CGC, $UBER, $PDD, $NVDA, $TSLA. Trade1: $CGC. Caught $CGC at the open when it broke the premarket high. This was the only trade I could take in $CGC. It was on SSR and couldn't trade short, sold for the rest of the day. Trade2: $UBER. $UBER had bad news, but was strong premarket near the open. I was hoping to catch a reversal, if the indications are there. I took short on the 200MA bounce with Shooting star. Got stopped out. Trade3: $PDD. $PDD gapped up and was strong at the open. I took wedge breakout to HOD at noon. AON exit at HOD. Trade4: I also took a trade on $NVDA and closed BE. Didn't trade clean, was not setting the trend. Good: Stick to my watchlist despite most of them not setting up for trend trade. Didn't overtrade. Improvement: I had great entry on $CGC. Appears, for my Add, i had LOD as Stop. This is wrong and too wide, which resulted in lesser share size. I should have kept the 2nd candle lower wick as STOP (per 3Bar setup). Missed out on a one-and-done. $UBER, i was so short biased. I should have checked the additional 1min MA cross for reversal (and 15min LL) Overall Flat day.
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1 pointMonday 11/25/2019 I had a well-being score of 7.5/10 this morning. A very good learning day. Some IT issues with Centerpoint. I took 2 live trades this morning with BABA. My watchlist: TSLA, BABA, ROKU, NVDA, AMTD and TEVA. I had 3 chances to make a winning trade with BABA at the open and mismanaged each time. BABA gapped up with OK volume in PM, and has a great daily chart. But I also liked NVDA. Even though BABA was on my main screen I was eyeing NVDA at the open. I followed my usual procedure. I waited after the opening bell to see how large would be the big print on BABA. I had to be patient this morning. 45 seconds after the open a 282k print hit, thus making it probable BABA will move at the open. There were also 3 more prints that were recorded within the same second which I usually don’t put much weight on if they arrive at the same time as the very big print. Also one was green, one was red and one was white. Thus inconclusive T/S signal. At the same moment there were conflicting L2 signals. There were both large asks and bids thus cancelling each other out and also being an inclusive signal. I am not use to two inconclusive signals so I didn’t take the trade. It is too bad I had enough signals (long bias, good hammer, strong volume, 200MA showed strong support and T/S went all green). But the inconclusiveness of the large prints and L2 made me balk on the trade. Which is unusual for me. Since it was <1min I would have gone half shares with $188 as my stop. The price did hit the $188 a minute later, but with half shares I am less jumpy and would like to have think I would have survived without stopping out and would have caught the run up this morning. What the BABA looked like when I did not take the trade: My second chance, that I mismanaged arrived soon after. The price started to drop and that is when I noticed the 5min chart looks bearish with a double/triple top and 4 red candles, in a row, stepping down. So I planned to take a 1min ORBD. I remember checking L2, which was neutral, before taking the trade. So I shorted but made three mistakes. First, I did not check T/S which had a large 12k print on the ask 6 seconds before I took the trade. Thus it would have stopped me from taking the trade. Second, I took the trade with half shares, though I am suppose to take full shares after >1min. I did not think of it since I was still in <1min mode. If I would have taken full shares I would have reached my 1R where I would have taken a partial and brought my stop down to B/E and thus making a small profit. Third, once I realized I took the wrong shares I re-evaluated and saw the price break the 188.07 level and I added shares. Adding shares was not the mistake if based on breaking the level. My mistake is before I added I noticed the 12K bullish print. Not only should this have prevented me from adding shares it should have told me to take some profit and move my stop. I didn’t and the price reversed the instant I added. I tried to S/O where I entered the trade but BABA slid right through that. What it looked like when I took the trade. There was a 187.55 daily level that I was using for my target. After stopping out, BABA made one heck of a strong hammer on the 5min chart. A 5k print hit the ask and there was a L2 signal on the ask. Plus my bias in PM was long. So I flipped my position. My stop was the 188.07 daily level. My mistake this trade was I stopped out at 188.09, 2 cents above my planned stop. Not sure why I did that, but I have been stopping out early lately. At 188.06 the stock turned around and went for its strong run up without me. It is amazing how many times in my journal I wrote those words, “…stopped out, then a few pennies later the stock turned around and went for its run without me….” Then I tried to take a SIM trade on NVDA but Centerpoint had an IT issue on the demo accounts today, so it didn’t happen. What did I do good today? Though my trading was really sloppy today, I didn’t break any rules. What I am grateful from today? I am grateful that I walked away from my platform. Since I had a -2R day and my demo account stopped working which made it was very enticing to take some more live trades, but I didn’t. What do I need to improve on: There are a lot of things to watch, but the clock should be very high priority. Still having trouble using T/S and L2 after I am in the trade. I need to take early profits when I see a reverse signal. Will start taking slightly less shares on each trade. I need to give a little bit of room on my stops. Just a couple more cents could make a big difference.
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1 pointGood morning everybody Very good day today. Was bummed out over the weekend due to Friday but I made sure to remind myself to take it one day at a time. Came into today, thinking positive and to be patient. Took 2 trades CGC and UBER. I now like to watch the 1 min and 2 min chart on the open. If I see nothing on the 2 min chart, I switch it over to the 5 min. CGC I know the stock was super stretched from the VWAP but had a stop loss just below the first moving average (9 MA). I liked what I was seeing on the 2 min chart and the 1 min chart gave me confirmation with the second 1 min candle being a hammer doji. Went long, scaled out a little early but glad I did. Brought my stop loss to the BE and got stopped out. UBER Right before the open, I noticed the stock moving up from the 50 and 100 MA (red and brown) and figured it may be a potential falling angel. I put in a limit order just above those 2 MAs. The first 2 mins did not look promising, but I kept my order in anyways as I know it may take some time before it drops. It finally did and my order was filled. TBH, I almost forgot I had that limit order there. Took profits and then I kept some as I noticed I had put a level at 29.32. I did bring my stop loss to the BE. Once it hit my target I let go of the remaining shares. Patience and waiting for a good set up is key. Did not over trade. Good start to the week. However, I do have to remind myself to take it one day at a time, regardless if it was green or red. Thank you everybody and any feedback would be greatly appreciated. See you all tomorrow morning!