Leaderboard

12-05-19 AIS 0805, 4 hours, 6/10 PAT: Spread..... A or better..... No Chasing..... Notes: No voice from 0930 to 1000..... Max 2 trades before 1100..... Read my stickies and my weekly..... ARDX Reason2Trade.... On Scanners.... FDA Nod for lung cancer drug..... RVOL at time of trade was already 1.1..... Upsized Public Offering PB#1/PB#2...... A setup..... 1/2 size..... 5min ORB with a VWAP play..... with decent ASKs on LVL2...... entry at 7.03 (slipped was supposed to be 7.00), my stop was the bottom of the 2min candle and below VWAP 6.95, target was 7.15 HOD... stopped out again with slip at 6.90.. -.75R ACAD Reason2Trade..... On Scanners..... + phase iii dementia related drug..... RVOL at time of trade was 1.3 1st trade PB#2.... A+ setup... full size.... broke VWAP, 9 and 20ema on the 5min, made a nice ABCD on the 1 and 2min.... LVL2 did not have much going on....... entry 52.70, stop was below the 9 and 20ema and below C on the 1min 51.96, target was just below HOPM 54.49..... took profit at 1R top of white candle but again with slip got abot .6R and stopped at BE..... +.6R 2nd trade PB#3..... A setup..... full size (on accident).... trending the 9 an 20ema on the 2 and 5min.... a pull back and confirmation on entry.... when I tried to stop out I hit Sell Pos. doubling my size and the candle was moving fast so by the time I exited I lost double...... -2R...... Reentered 1/2 size...... breaking the 20ema on the 2min, took partials and all out at BE.... Took my eyes off of it a bit and missed another move..... ugh... +1R -1R Cons: Started to over trade on a small loosing day (just about BE) and with a mistake Im at -1R Pros: Took the trades when I seen my opportunity .... respected my soft stops (just a mistake on 2nd ACAD) and my daily stop..... Fav. Trade: ACAD 1st trade Notes: Make sure after a loosing or BE morning that my trades A+ in the afternoon (New Challenge) ...... Rs: -1R

Hi Everybody My name is Ismail . I have just joined to the community yesterday as a life time member. I live in Barcelona, Spain. I am originally from Turkey. I work for one of the pharma companies as finance systems project manager. I knew nothing about stock market and my only investment was real estate until 2016 where i had a big loss due to economic crisis and currency devaluation in Turkey. After then, i wanted to learn about how to make better investment decisions. In 2017, cryptocurrencies and bitcoin became popular and while following their prices i discovered technical analysis and the difference between investing and trading. After I followed gurus and furus in Turkish stock market . Shortly i said to myself that if you wanna be a high performer you need to learn from best people. Just as NBA is the best basketball league compared to rest of the world leagues, the US market is the best environment to learn trading. I started to follow again all the gurus and furus in the world of twitter and youtube. As i got more experience i started to search for the best trading community that fits my personality and trading style. I was also not favor of trading low float penny stock that most of the chatrooms trying to promote . After watching BBT trade reviews in Youtube for months and reading Andrew´s book, i decided to join . I am very happy to be part of the team. I think BBT family is the most frank and humble trading community in the trading world. I am currently trading in SIM and journaling my trades. Because of the European time zone, afternoon session is better for me for trading. I sometimes trade in the morning whenever i have free time as well. Looking forward to learn from the team and also help people. Let´s get better everyday. Ismail

December 4, 2019 -$AMD x 2 I had a tough day today. Overall it was a decent day just a tough day trading. Trade 1 - I had a great setup on $AMD. Moving averages crossing on 1 and 2 minute chart, a price level, all the moving averages on larger time frames below the entry, huge bids stacking up, and it was engulfing on the 5 and 15 minute charts. I got a good entry, set my partial at 1R where the stock hit but just didn't fill me, before the stock pulled back and stopped me out to the cent, before making the move all the way to my profit target. I vented my emotions with a few choice words, before getting a cup of coffee and sitting back down to finish the morning. Trade 2 - This was in the afternoon and again it had a great setup, Moving averages crossing on the 1 and 2 minute, huge bids stacking up, rejecting VWAP, and forming a price level. I took the trade set my 1R partial. The stock moved sharply up but stalled and did a strong pullback coming within a cent of stopping me out, before heading up to my partial. This is where I made some mistakes and strayed from my plan. I canceled my partial order as I wanted to clear it with the hotkey in case it hit my level and didn't fill me. It hit my level I pressed my hotkey and for some reason I thought that my hotkey was set to my old %, so I covered again. Well it wasn't so I took to many shares out which threw my profit taking ratios all off. I did some recalculations and set a range order; unfortunately, it was after the stock had hit the price. I left it because there were still huge bids stacking up that should carried the price back to my profit target. It did, but not before stopping me out at my breakeven. Sample Set Results, G S S G S G 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Greetings Bear Bull Traders! My name is Glenn Johnson and - thanks to the awesome Black Friday deal - I'm a new Lifetime Member of your group! Although you all are day traders, I'm not ... at least not yet ... but I hope to be one in the future. For me, it's not a sprint to become a day trader but rather a marathon. I have been slowly, methodically reading (Andrew's books of course!), studying and watching videos in my attempt to understand and absorb as much information to help me along my path towards a career transition. Now that I'm a member of your group, the additional resources and access to your experts will surely accelerate my journey. I have been working in the dying commercial printing industry for 28 years but I'm ready to turn the page and start a new chapter in my life. Currently living in Greenville, South Carolina, I have been married for 27 years, have three lovely daughters and three faithful dogs. I'm not a huge risk taker; I tend to be cautious but optimistic. I look forward to making this big step forward once I have completed at least three successful and profitable months in a simulator and a few months of small profits in real time with real money. Since I currently work Monday through Friday, 8 am to 5 pm, you won't see me around for a while; at least not until I'm ready to make my big move. I am excited to be a member of your awesome community and I look forward to the opportunities that day trading offers. First things first: I need to put in as many months as it takes in a simulated environment before you see me active in your group. I believe I've taken all the necessary steps so far and I'm well aware that there's much more work to do ... but I'm happy to be in your group and I hope that one day I'll be joining you in the chat room or at a meet up event somewhere as a new, happy day trader.

Well, no trades on Friday as the market was slow and I had some platform issues. Over the weekend I completed my 1 year of trading recap. well actually 13 months as I wanted to compared November 2018 to November 2019. So here it is a month behind when I originally plan on posting it. I hope you enjoy it. I am also posting it in the members only forum. I thought I would take after Rob C. and do a 13 month of trading anniversary recap about my trading journey. In this recap I am including the biggest lessons I learned, what I wish I had done differently before going live, and last but not least my recommendations for new traders, at the end I also added a comparison of November 2018 to November 2019. Hopefully, this help you not make the same mistakes I made, or help you prepare to go live. I figure, it will be best to start with recommendations for new traders, so here I go. Recommendations for New Traders 1. Develop a business plan that has a vision, an overview, a trade plan (Robert H. Template is great), objectives, and an action plan with monthly, quarterly, and yearly goals. If you would like an example, send me an email and I will send you a copy of the one that I use. 2. Trade every type of strategy until you find what you are good at, and then refine it and come up with a playbook before going live. There is a link in my daily journal on page 13 if you would like an example. 3. Develop a risk management plan, and then seek someone out that has been trading live to give you constructive advice on it. Take that advice and apply it as you see fit, and remember they probably lost money at some point in their journey. 4. Number one in my book is “Respect your Stop.” You are going to be wrong, have hotkey mistakes, and make bad trades. One of my criteria’s for going live was to go 20 straight trading days without violating my stop, because if I could not respect my stop in Sim, then how could I think I would be able to respect it when I was live. I believe this is the reason I have been able to not let a stock go past my stop this year. 5. Last but not least, and I am sure you heard it from a lot of traders, it is a process that will take time, so enjoy the journey as you develop yourself as trader and truly get to know what makes you tick. Recap of the last year Personal – The one thing I was not expecting once I began my live journey was how much I would learn about who I was. Andrew and all the other moderators talk about how important psychology is in trading. It is not just the psychology while trading, but also getting to know yourself and understanding why you react the way you do in different situations. It took me a couple of months, but I eventually figured out that I hate to be wrong, because in my profession being wrong can have catastrophic consequences. That is why for the last 23 years I have strived for perfection in everything I do at my job. Now introduce a profession where successful traders are wrong 40% of time and you can see I have a lot to learn. Trading live for the last year has made me a more flexible individual, and is helping me to become a better overall person. Technical – My biggest fear once going live was that I would blow up my account and not be able to continue before I could get through the learning curve; therefore, I decided to take Andrew’s advice and treat this like a business. Prior to going live, I developed a 5-year business plan, and a career plan, trading plan, and metrics to achieve over a year. If any of you kept up with my journal, you saw that I approached the last year through baby steps. I would attempt to master one topic first, then move onto the next. Below was the path I took: Step 1: Risk Management Plan – Failed at this until July 2019. Step 2: Stop Loss Plan – Mastered it in Sim, I say this because I made it a whole year without violating my stop loss (full disclosure: 1 time I couldn’t get out a trade due to platform issues, but I did hit the button to exit). Step 3: Entry Plan – This took me a while to nail down on my Orb strategies but by May I was very happy with it. When I introduced an afternoon strategy it became a huge problem and my equity took a hit, because my entry plan did not work, 25% accuracy when I took it live. Thanks to my risk management plan I was able to survive with minimal losses and have been able to readjust the entry to acceptable win rate of 61%. Step 4: Profit taking – By far this has been the most difficult thing for me to deal with. I refer you back to I hate being wrong. I would be quick to take profits, so I could be right, but then would miss the larger move. If I held on longer; however, meant I would get stopped out more, resulting in the dreaded being wrong situation. I am still working on this but having a solid risk management plan has made it much easier to deal with. Monetary – Well, I know I am not the next great trader, nor have I ever thought I would be. I am perfectly happy being the 3rd string quarterback making minimum wage, so over the last year this has not been much of a focus for me yet. The only monetary thing I really wanted out of this year was not to blow my account up. In the end I accomplished that, so after I get a profit taking plan that works with how I trade, I will look at increasing risk. I know it is crazy trading stocks not to make money, but to develop my trading skills, I think I read that somewhere once. Biggest Lessons learned 1. I hate to be wrong 2. Thinking in probabilities is a must, and I needed a lot of work in that area. 3. I am really good at executing my stop loss 4. I have sufficient discipline to execute a solid trading plan. 5. My risk management plan I developed in sim was crap and caused me to lose more money than I needed to. 1st Risk Management Plan: November 2018 December 2018 - Took same share size per trade with no consideration for equity amount January 2019 – July 2019 – was risking 3% of my equity per day to make 1% of my equity, yeah makes no sense, right? 2nd Risk Management Plan: I now risk 1% of my equity per day to make 2% of my equity. 6. The more I focus on money the worse I trade. 7. Having a business plan prior to going live gave me a road map to follow when things did not go the way I expected. What I wish I had done before going live There is only one thing I wish I had done before going live. I wish I would have had my risk management plan focused around max loss per day instead of focused around what I needed to risk in order to make X dollars. This was a huge miscalculation on my part and I didn’t figure it out until 9 months into trading, when I started to focus on profit taking and why I couldn’t get my winners to outweigh my losers. Once I realigned my risk management into a correct ratio, I started having bigger winners and smaller losers and my net equity curve finally started to move up. Comparison of November 2018 vs 2019 Item 2018 2019 Total Days Traded 15 12 Total Trades 28 9 Average Trades per day 1.86 .75 Profit/Loss % (2.6%) 1.2% Rule Violations Average per day 3.5 .6 Trades outside Edge 5 1 Net Equity Curve November 2018 Net Equity Curve November 2019