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Showing content with the highest reputation on 01/11/2020 in Posts

  1. 1 point
    While watching the film recording after that, I realized I was away from my system when this opportunity came. I was picking up my daughter from school. Felt a lot better, because this was shouting Add.
  2. 1 point
    Date: 01/10/20 Moderator Name: Aiman Stock: SIX Levels: 35.90, 34, 31.90, 37.75, Previous Day Close: 43.76 Stock: PTLA Levels: 14.61 (all time low) Previous Day Close: 24.74 Stock: LK Levels: 40.30, 40.07, Previous Day Close: 44.37 Stock: AGTC Levels: 8.60, 10.15, 12, Previous Day Close: 9.27 Moderator Name: Thor Young Stock: SRNE Levels: 4.40, 5.57, 6.50, Previous Day Close: 3.41 Moderator Name: Brian Pezim Stock: GRUB Levels: 39.40, 51.57, 56.51 Previous Day Close: 55.73 Stock: ROKU Levels: N/A Previous Day Close: 133.79 ¹Stock: BYND Levels: 91.25, 89.50, 88.25, 91.40, 91.60, 94.11, 96.63, 98.26 Previous Day Close: 90.25
  3. 1 point
    Thursday 01/10/2020 I had a well-being score of 7.5/10 this morning. I took 2 live trades this morning with NVDA and SIX. My watchlist: NVDA, BBBY, LK, SIX, PTLA and GRUB. NVDA gapped up in PM. I was actually looking at SIX on my montage and NVDA was on a side chart. I saw it created a very bearish reverse hammer, had strong volume and was about to break the 50MA-1min, which was a good place to short. I saw SPY was dropping. So I brought NVDA to my montage as it broke the 50MA-1min. I imediately went short. That is when I noticed L2 which was quite bullish. Uh oh. I was in such a rush not to miss the move I didn’t check all the signals. Bellow is when I took the trade. Note L2 was bullish, which I did not give myself time to check. I shouldn’t have taken the trade. As soon as I noticed L2 a couple seconds later I covered a few shares to reduce the risk. I have difficulty exited trades in these circumstances. Something I am working on. As time passed SPY was dropping, so I thought to give it some time. But I finally exited at my planned stop at VWAP. SIX gapped way down. I actually had shares to short. 30 seconds into the second candle it engilfed the first candle. There was no signal on the tape. There were also a few levels below that it would have to punch through. But I really like the 50MA-1min was near by as it acts as a magnet and most of these level were really old. So I went short with the low of PM as my target and 37.16 level and VWAP as my stop. When I took the trade: I didn’t have to wait long for it to start to drop. I get a bad fill on my first partial, but after that I watched the spread really close and the fills were much better after that. The price did reach my target but would not break it. I waited 8 minutes as the price went sideways then I exited when it popped back up and broke $36. What did I do good today? Didn’t lose it after a full -1R loss on NVDA. And finished the day well into the green. What I am grateful from today? I was able to manage my swing trades at the same time as the day trades. After my first loss I still finished the day well into the green. What I should improve on: No matter how much of a rush you need to go through you checklist (setup, volume, L2, T/S and SPY).
  4. 1 point
    Date: 01/09/20 Moderator Name: Peter Stock: KSS Support: N/A Resistance: N/A Previous Day Close: 48.38 Stock: BBBY Support: N/A Resistance: N/A Previous Day Close: 16.65 Stock: ATGC Support: N/A Resistance: N/A Previous Day Close: Stock: LK Support: N/A Resistance: N/A Previous Day Close: 39.46 Stock: SNAP Support: N/A Resistance: N/A Previous Day Close: 16.67 Stock: APLS Support: N/A Resistance: N/A Previous Day Close: 39.14 Stock: AAPL Support: N/A Resistance: N/A Previous Day Close: 303.19 Moderator Name: Brian Pezim Stock: CRWD Support: N/A Resistance: N/A Previous Day Close: 55.66 Moderator Name: Andrew Aziz Stock: TSLA Support: N/A Resistance: N/A Previous Day Close: 492.14 Stock: AMD Support: N/A Resistance: N/A Previous Day Close: 47.83 ¹Stock: BYND Support: 80.11, 81.23, 83.11 Resistance: 84.75, 85.27, 87.23, 88.08 Previous Day Close: 81.48 ¹Stock: ROKU Support: 133.30, 135.55 Resistance: 138.28, 136.61, 139.10, 139.96 Previous Day Close: 134.64
  5. 1 point
    I miss adds all the time ... they are difficult to do for me as I am always thinking if I add here and it turns against me I am giving money away....... I am finding it easier now that I have been working on reading T&S.....
  6. 1 point
    Thursday 01/09/2020 I had a well-being score of 6.5/10 this morning. I took 2 live trades this morning with BBBY and KSS. My watchlist: TSLA, BBBY, KSS, MSFT, SNAP and AMD. BBBY gapped down a lot. Then 10 minutes before the open moved higher and bounced off a daily level at 14.95 and was heading lower into the open. Then at the opening bell was quite strong. With in 50 seconds engulfed the previous 5min candle. I saw a bullish L2, with multiple moderately sized asks (though none very large) and a very flat L2 bids. The volume was strong. Then the price broke both VWAP and the 14.75 PM level and I went long. My stop was 50MA-1min. Charts when I took the trade. Note the bullish L2. Though the signals looked good, there were two mistakes. First was the R/R. There was a REALLY powerful level near $15. First the dollar mark is powerful, second there is a really strong daily level at 14.95 which BBBY already respected. Third, the 50MA-1D was at $15 as well. But if I use that level as a target I have a poor R/R. There was another strong target at 15.85 but it wasn’t stronger than the one at $15. But I liked the signals so much I went long without a real target. I did promise myself to take a large partial at the 14.95 level. It missed by a few pennies. Shortly after it missed the bullish L2 disappeared and a bearish L2 appeared. That was my signal to get out. It happen at B/E as well. But I am still not strong enough to do that and I held to my stop. My stop had some slippage so my loss was larger than -1R. My next trade was a disaster and definitely a revenge trade. KSS was showing some strength at the open and was an 1min ORB candidtate. The signal would have been to at least to wait if it broke the 46.10 daily level. I remember checking L2 and there was no signal. I do not remember checking volume. Which on the replay was low and untradeable. Before the break of the 46.10 level I went long as a revenge trade with no signal. But the market is always good to me about teaching me lesson as it instantly dropped hard and flew through my stop and I took a -2R loss. I started feeling the revenge trading symptoms really start to grow so I quickly turned off my platform and walked away. -3R is enough today. What did I do good today? BBBY was an OK setup. What I am grateful from today? I turned off my platform and walked away. What I should improve on: Need to go back to my old rule to take at least a 1min break after a full -1R loss before taking a new trade (except for flips).
  7. 1 point
    Date: 01/08/20 Moderator Name: Aiman Stock: WBA Support: N/A Resistance: N/A Previous Day Close: 59.27 Stock: LK Support: N/A Resistance: N/A Previous Day Close: 35.11 Stock: ROKU Support: N/A Resistance: N/A Previous Day Close: 138.19 Stock: BYND Support: N/A Resistance: N/A Previous Day Close: 83.89 Moderator Name: Thor Young Stock: M Support: N/A Resistance: N/A Previous Day Close: 17.67 Stock: ITCI Support: N/A Resistance: N/A Previous Day Close: 31 Moderator Name: Peter Stock: MU Support: N/A Resistance: N/A Previous Day Close: 58.27 Stock: STZ Support: N/A Resistance: N/A Previous Day Close: 183.60 Stock: LEN Support: N/A Resistance: N/A Previous Day Close: 57.14 Stock: AMD Support: N/A Resistance: N/A Previous Day Close: 48.25
  8. 1 point
    Wednesday 01/08/2020 I had a well-being score of 7/10 this morning. I took 1 live trade this morning with M. My watchlist: M, TSLA, WBA, BA, MSFT and AMD. I wanted my entire watchlist to have shorts shares available. M gapped up in PM but entered the open on a downward trend. But opened strong and engulfed the last PM 5min candle in the first minute. There was a strong PM level at 18.25. So I went long when it broke the level. May target was 19 and 200MA-1min was my stop. M was actually a stressful trade. There really was no clear movement. When looking at the 1min chart now there looks like there was nice flow, but it felt like I could be stopped out at any time. I took a partial profit at VWAP twice. Both times because I was losing faith that it would break VWAP. It finally did and I got another partial, but it didn’t hold and the price broke back down through VWAP. I exited when it was obvious it was a false VWAP break. Then it actually looked like a good short, but my nerves were spent and thus done for the morning. What did I do good today? Traded from candle stick and levels today instead of the tape. What I am grateful from today? Knew myself well enough not to take another trade. What I should improve on: Reduce stress during trading. I have really improved on this over the past year, but I still have a way to go.
  9. 1 point
    December 31 Well ended the year on a positive note. I finished the year up doing some analyzing on my strategies and performance in various aspects of trading from data that I complied over the past calendar year. The moving average cross over strategy data and % of R is skewed because it does not cover the whole year, just the past 3 months. Some interesting things I noticed is that I have a workable winning percentage with the 3 strategies I trade. As I did not focus the majority of the year on profit taking and managing the trade while in it, you can clearly see that the financial stats do not correspond with what the winning percentage of the strategy is. Currently, that is my main focus of improving. "Being able perform while in the moment." On to next year. Hope everyone has a great New Year
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