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Showing content with the highest reputation on 11/29/2019 in Posts

  1. 1 point
    29.Nov.19 Green day. +2r. Light volume day due to Thanksgiving holiday and Half trading day. Took $PANW for followup move, one and done. Watchlist: $BABA, $PANW, $PCG. Trade1: $PANW. Yesterday, $PANW opened weak, but had been strong thru out the day and closed strong. Interesting was, it formed a doji hammer on daily at support level. I was biased on a Long trade for today. I still held on to my plan though SPY opened weak this morning. Got my entry above VWAP and held on for 2r. No more trades. Good: Planned the trade and Traded the plan today. Overall happy to close the month with a positive day and overall +21R for the month.
  2. 1 point
    Good morning Everybody Today I did not take too serious. I probably should have as I am learning but oh well, lesson learned, don't be lazy. Would I have been lazy if it involved real money, not sure. Knowing it was a half day made me a little, half ass ish. I just want to shop today...lol Well I did take 3 serious trades and then I played around with my new hot keys. CGC I thought I saw a falling angel but I was wrong. Went long but the stock just kept going lower and I thought it was going to go higher. I should have stop out way sooner. I need to study these falling angel/rising devils some more. I never really know where to put my limit order and where to put my stop loss. I mean technically it should go at my max risk or lower right? CLVS Took the stock long after I noticed a hammer doji being formed on the 5 min chart. It was above the VWAP. Went long with my stop loss below the VWAP, at that 20 MA. The spread wasn't bad so it allowed me to do that. Got a little trigger happy and scaled out too soon. I did start using 10% scale as mentioned in my previous post. I gotta say, I like it! Eventually got stopped out at the BE. ROKU Went long but again, I was too stretched from VWAP and was above my max risk. I could've stayed in and made some money on that wick but I pulled out immediately. I really need to not have FOMO and not get into these stupid trades. At this point I just wanted to play around with my new hot keys. I saw an opportunity to go long on the 1 min chart. I started to scale out with my new hot key. But again, I should have gone out sooner at the BE. After that, I just played around. You can see that nothing makes sense afterwards. Have a good weekend everybody and any feedback is greatly appreciated! I did not post my trades window as the list was way too long due to the playing around.
  3. 1 point
    11-29-19 AIS 0800, 5 hrs, 6/10 PAT: no boredom trades.... If the trade is right take full size... A setups only.... Do not overtrade or chase..... Notes: If I am up and feel a bit overtraded, Quit....... No voice chat till 1000...... Max 2 trades before my planned 1100..... Read before trade sticky.... ASLN Reson2Trade.... Squawk announced... RVOL 180.05 at time of trade..... PB#4 / PB#1....... A setup..... 1/3 share size as this was my first Squawk trade..... on the 5min ORB without an ABCD but high volume, nice LVL2 and T&S....... Squawk announced it about 1min before I took the trade.... I did not take it right away because I had promised myself I would not trade in the first 5min..... Got it on a very slight pullback..... took profits each time the T&S looked like it may be turning and all out when LVL2 had no more ASKs and the BIDs were stacking...... In at 4.43, stop at 4.23, target 5.49...... +4R Cons: None.... Pros: One and Done Fav. Trade: ASLN Notes: took first trade using Squawk but made sure I had something to go on other than Sqk.... Rs: +4
  4. 1 point
    November 27, 2019 -$UAA So I had a little mini vacation to Las Vegas, well actually it was more work than vacation, but it still prevented me from being able to trade for the last three days. I felt great coming into today, but also realized that it was the day before Thanksgiving and that I was very eager to trade. I even mentioned to myself to hold off and make sure the setup is valid and not to anticipate the market and enter early. Well I failed miserably at that and took a trade without a good setup. The pattern was there, but none of the other indicators such as level 2, moving averages, etc were there. Hints why upon the entry, I thought to myself why did take this entry. Shortly afterwards I was stopped out. I chalked it up to rust and the need to get a trade in. Overall happily with the discipline on stopping out and not rushing back into another trade. After this trade, I packed it up and started the long drive home. Overall, proper execution on bad analysis. I would rather get stopped out on a trade like this then make money and re-enforce a bad habit. Sample Set Results, G S S 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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