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Showing content with the highest reputation on 12/12/2019 in Posts
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2 pointsDecember 11 - $PCG, $AEO, $HD Today was a good day of trading, but a reminder of how not being able to fully dedicate yourself can affect your outcomes. I took three trades today, to include my first stock priced over $200. I know most of you trade those all the time but for me, it was an achievement psychologically. Trade 1 - $PCG, I took it short after the sharp pop at the open. It had a lot of bids to the short side and had the moving averages crossing right at a price level. After entering I quickly got stopped out. Best part of this trade was how I handled it mentally. It was a simple oh well on to the next. Trade 2 - $AEO Another good setup, but just died right after my entry at the $14 mark. It was having some issues breaking this point. My only frustration came in that I had to go to an appointment, so I had to alter my trade management plan and go to a all or nothing range order. By doing this I lowered the success rate by 22%. And of course the stock came down to my 1R partial level and than bounced back to my stop loss. Because I couldn't be at the trading station, I was unable to take the small partial and instead ended with a 1R loss. Trade 3 - $HD, I had a my setup the only issue I had was that it was after the FED announcement but before the chairman began speaking. I decided to take it anyways as it was my setup and my goal for the day was to take all the setups I saw that met my trading criteria. I got a partial before it came back to the break-even point. I took a partial a little early because the Chairman began speaking and the stock just started to stall so I wanted to lock in some profit before. It just did quite run all the way to my profit target. Overall a good day trading psychologically, just the market decided that it did not want to pay me today. Sample Set Results, G S S G S G S [P(S)] P 10 11 12 13 14 15 16 17 18 19 20 .
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1 pointThe trade was just under 25min and over 300 MB ..... not sure I can send it to you..... but Ill try to upload it ..... It is silent but I was using my mouse to show what I was looking at..... The first entry was a little late and I did not have an ABCD pattern like I did on the second entry..... I should not have let it scare me out and the second entry should have been an add on.... but Ill keep learning..... If I can not get it to upload Ill go back and take some screen shots....
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1 pointAnyone potentially having the same issue in the future, I've all but solved it by having all 4 screens on even though the fourth one has no DAS windows on it at all or have anything to do with DAS. I have to have that screen on and it solves the problem. Usually one window is still out of place. But I can live with one as opposed to like 20 windows being mis-located. (Charts,T&S,L2,Montage...)
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1 pointWednesday 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.
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1 point9.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.
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1 pointI use a software called FLASHBACK PRO RECORDER. I use a 42 inch dell monitor and a 27 inch all in one PC. The software allows me to record both monitors or only one, whichever one i want. I use the dell monitor to watch 4 stocks in play and once the recording is over i can zoom in on each specific stock and then save that as a separate file to re-watch, which is what i think you could do if you have more than 2 monitors but i haven't tried it on more than 2, so you'll have to try it out. You can also slow the recording down to a quarter of the speed or speed it up 4x and add comment text boxes at specif times to highlight areas of interest. I've been using it for a few months now so just send me a message if you need any advice on it. hope this helps Anthony
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1 pointHola José, muy buen tema para reflexionar y tener claro en nuestro plan como traders aspirantes. A finales del año pasado Andrew publicó este articulo en el blog de BBT: "When to Quit Trading", vale la pena leerlo. Para contestarnos esta pregunta debemos de tomar en cuenta que el day trading es una de las actividades más difíciles sobre la faz de la tierra. A Andrew lo tomó aprox 5 años para ser consistente y rentable, todavía el verano pasado tenia un trabajo. Así que lo que creo que debemos tener claro desde un principio es que en esta actividad del day trading nos tomará algunos años para saber si somos o no somos adecuados para ella, y por ende, debemos decidir si estamos dispuestos a dedicar esos años para descubrir si tenemos el potencial de ser exitosos. Porque si no estamos dispuestos, mejor ni entrarle. Si decidimos entrarle y probarnos en esto unos años, la resiliencia y determinación es muy importante, para soportar los embates de los posibles malos resultados, errores y retrocesos. Sobre la determinación (grit), hace tiempo vi este TED Talk: "¿La clave del éxito? Determinación" Saludos y ánimo! -Abiel
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1 pointSale Condition The Sale Condition is used to indicate the type of trade transaction. SPACE Regular Sale @ Regular Sale A Acquisition B Bunched Trade C Cash Sale D Distribution E Placeholder Future Use F Intermarket Sweep G Bunched Sold Trade H Price Variation Trade I Odd Lot Trade K Rule 155 Trade L Sold Last M Market Center Official Close N Next Day O Opening Prints P Prior Reference Price Q Market Center Official Open R Seller S Split Trade T Form T U Extended trading hours (Sold Out of Sequence) V Contingent Trade W Average Price Trade X Cross Trade Y Yellow Flag Regular Trade Z Sold (out of Sequence) 1 Stopped Stock (Regular Trade) 2 3 4 Derivatively priced 5 Re-Opening 6 Closing Prints 7 Contingent Trade ("QCT") 8 Placeholder For 611 Exempt 9 Corrected Consolidated Close @ Regular Trade A transaction in which the delivery of securities and payment must occur on the third business day following the trade execution date. C Cash A transaction in which the delivery of securities and payment must occur on the same day that the trade was executed. N Next Day A transaction in which the delivery of securities and payment must occur on the next business day following the trade execution date. R Sellers Option A transaction in which the seller has the right to deliver the security at any time within a specific period. T After Hours Trade Indicates the trade was reported after the last sales were calculated. W Weighted Average Price Trade A transaction where the price is determined by a weighted average of the prices of prior related transactions. Note that a trade identified with a weighted average price sale condition will not be incorporated in the calculation of the day¡¯s high, low and last price for the security. Z Sold Late (Out of Sequence) A sale condition to indicate that the trade was reported during current business hours but outside of the mandatory reporting interval outlined. H Price Variation Trade The Price Variation Trade sale condition code is used to denote a regular market session trade transaction that carries a price that is significantly away from the prevailing consolidated or primary market value at the time of the transaction. Price Variation Trade transactions will be included in daily volume statistics but will not be eligible for inclusion in the high price, low price or last sale price statistics at either the consolidated or market center level. Trades with the following Sale Condition do not qualify for the last price: C Cash G Bunched Sold Trade H Price Variation Trade I Odd Lot Trade M Market Center Official Close N Next Day R Seller P Prior Reference Price Q Market Center Official Open U Extended trading hours (Sold Out of Sequence) W Average Price Trade Z Sold (out of Sequence) V Contingent Trade 3 Stopped Stock - Sold (Out of Sequence), no longer use 4 Derivatively priced 7 Qualified Contingent Trade References [1] The UTP Plan Trade Data Feed (UTDF) Specification http://www.utpplan.com/DOC/ utdfspecification.pdf [2] Consolidated Tape System (CTS) Specification https://www.nyse.com/ publicdocs/ctaplan/ notifications/trader-update/ cts_output_spec.pdf