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Showing content with the highest reputation on 12/11/2019 in all areas

  1. 2 points
    10.Dec.19 No trades today. I was watching $CGC and $SFIX. I was long biased on these for multiple reasons. Both played out weaker at the open. I wanted to take $CGC for a short, but no shorts available at IB. So no Trades.
  2. 2 points
    Tuesday 12/10/2019 I had a well-being score of 7/10 this morning. I wasn’t ready at the open but traded live anyway. I took 1 live trade with BABA and 5 SIM trades this morning including two disaster trades with ROKU. My watchlist: BABA, ROKU, PCG, AAPL, CLVS and MU My main chart went flat again for every stock. I checked the config and matched it with other charts running fine and could not figure out the issue. I finally deleted the chart and created a new one losing all my levels. I quickly was able to get my daily levels back, but did not finish several items on my preflight checklist. Actually, I didn’t get to read my preflight checklist. I use to have a rule that I can’t trade live if I don’t finish my checklist. Not sure why that rule has been dropped over the last few months. I have all my rules on the checklist to be read each morning and it is no longer on it. I finally got my charts and daily levels ready by 30 seconds after the open. The big print had already arrived. While I was setting up I saw BABA dropping. When I finally had my chart ready I saw a beautiful bearish L2 signal with the falling price. In one second I saw the price drop and bids get eaten, so I missed the entry. I was good about not chasing it and sat on my hands though a bit upset since I don’t ever see this good of a L2 signal. Then two large bearish prints arrived as the price broke down through $200 so I shorted with a target of PDC and a stop at the 200.34 daily level. But I would have probably exited the trade if it broke above $200 again. When I took the trade. The two red print, several seconds after the big print, was my bearish signal. I was able to take two partial profits before the price retraced and I was S/O at B/E. Since my charts and PM checklist is not ready I switched to SIM. I know BABA so well I can trade it without all the levels etc. But that is about it. So I took 5 SIM trades and was stopped out 4 of them. What did I do good today? Traded using the prints at the open. What I am grateful from today? I did recover after being late getting the charts ready at the open. What I should improve on: Will add back “must finish the PM xlist to trade live” to my rule list again.
  3. 2 points
    12-10-19 AIS 0805, 4 hrs, 5.8/10 PAT: Spread...... A or better..... Notes: Allowing for pre 5min trading with smaller size..... SFIX Without much time again today I traded SFIX very early -1R CLVS VWAP and Trend plays -1R AMD PB#3 very little profit TVIX on the spy dump for an opportunity trade +3R Cons: Over traded today.... Pros: respected all rules... Playbook Trade: none... Notes: Rs: +1R
  4. 1 point
    Wednesday 12/11/2019 I had a well-being score of 7/10 this morning. Will be a short journal entry since I was spending more time handling swing trades. I took 1 live trade this morning with BABA. My watchlist: BABA, ROKU, and PCG. BABA had low volume in PM. But I thought it would be interesting if the print signal works with low PM volume so BABA was still my primary focus. Also, I knew my swing trades were trending so my attention will switch soon after the open. A few seconds after the open the big print arrived (150k) which is just large enough to give some hint that BABA will move today. The 1min candle went bullish immediately after and I went long (half shares) quickly. I like entering a trade a small distance from the 200MA-1min, it seems to act like a magnet. My target was the 202.46 level and stop was the bottom of my candle. I got the usual bad fill and I was able to take two partial profits before the price retraced and I was S/O at B/E. Then I quickly had to jump over to my Etrade platform and manage my swing trades. Which I journal here: https://forums.bearbulltraders.com/topic/1536-rob-cs-swing-trading-journal/ What did I do good today? Traded using the prints at the open. What I am grateful from today? Able to switch focus quickly to swing trades. What I should improve on: Looking at BABA later for the big move which seems to occur later at the open.
  5. 1 point
    12-11-19 AIS 0850, 4 hrs, 7/10 (slept in about 1/2 hour..... Late long night at work..... Im a little anxious..... PAT: Over-trading.... Notes: Allowing for pre 5min trading with smaller size..... Did not leave time for exercise or meditation.... Careful... AEO PB#2...... A setup.... Took this short on the gap down.... it broke up past VWAP then back down below VWAP where I entered.... unfortunately it did go back up stopping me out..... stop below VWAP and target at 14.31 -1R GME 2 trades A setup on both first PB#2...... took it long on the higher green entry and stopped out below VWAP with a target of PM level of 5.68 -2R second PB#2...... came back through VWAP again and this time there were more ASKs stacking.... with a better R/R and same stop and target..... +5R Cons: Jumping in on the pre 1min candle was probably not a good idea.... Pros: Felt good about the pre 5min VWAP momentum trades Playbook Trade: GME Notes: Will entertain a later day setup if it presents itself.... If it is not very clear I will be done..... Rs: +2R
  6. 1 point
    December 10 - Bad day of trading mentally I was off today mentally. It seemed that I was always chasing the indicators. Meaning that the stock would move and then I would see the indicator instead of the other way around. I ended up not taking any trades today, but had 3 good setups. Again, I was just not in tune with the market and the moves were happening before I could process the information. I really sat back this evening and took a hard look at what I was doing, because normally after 3 days of not trading I am eager to get into a trade and usually get in too soon. What I determined was I was not mindful of what was occurring in the markets and around me. Yes I went through my normal routine, was ready to trade, but it was just that a routine. A check in the box of sort. I never really committed to getting my mind ready for trading. Normally, I am able to put all the extra stuff to the side for the 3 hours at the open and again in the afternoon. Today, on the other hand I let all the other things interfere with my ability too focus my mind on trading the markets. I.e. I dealt with an online order issue during the pre-market, left my trading station 15 minutes into the market to answer a knock at the door (I normally ignore the knocks during the first hour of trading), I answered several phone calls during the afternoon session, and I tried to trade after oral surgery. In the end, I mentally was just not there today even though I wanted to be. Goes to show you that when you are not mindful of what is going on, you can miss opportunities that are staring you right in the face. The image below was of $MU as I was watching it going into the close, but failed to recognize my setup. This was an A+ setup for me. Sample Set Results, G S S G S G 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  7. 1 point
    9.Dec.19 +1.5r. Green day. Watchlist: $CGC, $BIG, $M, $PCG Trade1: $CGC. $CGC had gapped up on news of new CEO. $19.8 is a daily level and also had 50MA at this level, I was hoping to catch long above this. When the stock opened volume was almsot nil. Then it flew past this level, so I missed my entry. Stock was topping a bit at 20.6, I wanted to scalp short to VWAP. Took it , but it didn't drop immediately, so I got out (I would have had my 2r). But I stick to my rules. Trade2: $CGC. Took long after the 5min candle bounced off VWAP (at $20) and formed a hammer doji. Added above the level 20.6 and got out at HOD. Good: liked my $CGC trades. Happy with my add on $CGC. Overall satisfied with the day.
  8. 1 point
    @glennthephoneman2020 I prefer to use Camtasia, it has more features and easier to record and edit in my opinion. Andrew and most mods use it as well. Not a fan of OBS. A lot of members record their trading days for journaling, it's definitely helpful! And to do video recaps helps a lot on going through your thought process. I am more a video guy than hard logs, I run off the 'big picture' for a month's worth of trades. I am not trying to micro manage my trades down to a point but I am sure I am losing out on some by not doing so.
  9. 1 point
    Hey Carlos. While I've spent (wasted) 28 years total in the commercial printing industry, I've worked with four different printers over that time span; I've been with my current printer for over 10 years. I'm working on trying to figure out the best way to journal/record my simulator trades. I thought I read somewhere that Andrew records his screen while trading. I'm thinking of trying to do that so I'm wondering if you can recommend the screen recording software that is best for this situation. Do you know what Andrew uses? I'll also be logging my trades in a sortable/filterable Excel format too. I appreciate any suggestions. THANKS! P.S. After typing my comment, I've been reading more Forum posts and found one by TRUE on July 9th recommending OBS and the Advanced Screen Switcher. I do have four monitors so this seems like something that would work for me ... unless you have another suggestion. THANKS!
  10. 1 point
    You're missing your Route - also you should cancel any open orders before selling/buying: 50% ;CXL ALLSYMB;Route=LIMIT;Share=Pos*0.5;Price=Bid-0.05;TIF=DAY+;SELL=Send 100% ;CXL ALLSYMB;Route=LIMIT;Share=Pos*1;Price=Bid-0.05;TIF=DAY+;SELL=Send For your Short hotkey, when you trigger it on an SSR can you see that it creates an open order - just not filled? Because they will only fill when going up in price.
  11. 1 point
    Good morning Everyone No bueno today...I don't get it. One day, the emotion are in check, the next they are all out of wack. Now as I am typing, I realize I did not do the exercise as per Dr. Brett Steenbarger. Took a couple trades. DBI, CGC, SFIX, MU DBI Put in a limit order thinking that it will be a rising devil trade. It just kept rising. I am a hard stop kind of person. I need to put hard stops if I decide to take rising devil trades in the future. I put limit orders in right before the open and for some reason I decided to increase my share size x2 ?!?! I will not be doing that again. I will stay within my share size and put limit orders in after the open if the stock is favourable. Anyways, as you can see, I held on for way too long. Then I eventually did go long but I was too stretched from VWAP. Even though it was a decent trade afterwards, I am not happy with this at all. This kind of set the mood for the rest of the day...... CGC Here I took a falling angel trade. Got in right above the VWAP. However, I should have stopped out as in dipped way below my stop loss. Again, I did not put a hard stop. This really reiterates the need for hard stops for me. This trade could have gone the exact way as DBI. Held on (because it wasn't real money....)But again, not a good trade at all. I did mention that I took other trades as well. Some good, some bad. I am not posting them as the good ones are the ones I was calm at. But the bad ones, made no sense at all. Pretty much emotionally traded. Broke a bunch of rules today. I need to remind myself to take it one day at a time again - even if I have had positive days. 2 positive days, I got sloppy. - looked at my P&L after that first loss - did not use hard stops - got cocky and was not patient - Will have to look at a new way at entering rising devils and falling angels. Too many times, the stock has gone way past its stop loss before going the right way Feedback is greatly appreciated as always. Sere ya'll Friday as I am back to work for the next 2 days. Have a great day!
  12. 1 point
    Vikram, congrats on your 1 year anniversary! It’s been fun reading your daily journal and seeing you grow as a trader and man have you grown! The sky is the limit on your future as a day trader.
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