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Showing content with the highest reputation on 01/19/2020 in all areas

  1. 2 points
    January 13 - 18 recap, This year I decided that I would post my weekly recap analysis in addition to my daily journal postings. Near the end of the year I felt I was not giving due diligence to the weekly and monthly analysis, so in an effort to keep myself accountable I figured I would post them in this journal. Top Three Good Trends While in the trade, I did have any issue with sticking to my profit taking plan. Whenever, I began feeling that mind was racing towards justifying why something would not work out, my mantra of discipline, courage, impartiality, patience worked well to calm my emotions. Although, I gave into my FOBW a couple of times this week, I also faced it head on and conquered it. I have to remember, that you cannot pick and choose which setups are going to work or not work. It is random and the only thing you can do it take the entry when the setup appears if it meets your edge. Currently, my edge has a higher probability of working; therefore, take the trade and move on. My ability to recognize my emotions is improving, even though I was not able to catch myself sabotaging my exits before they occurred, afterwards I was able to recognize them and have begun developing a process to prevent it in the future. Bottom Three Bad Trends I was not confident on my entry and sticking with my pre trade routine and execution. I had a lot of hesitation on the entry because of a feeling of being wrong. I had several montage entry issues this week. I would enter the wrong number or flip the numbers. I need to come up with a smooth executable process for executing the entry of the price. This also goes for the excel worksheet which determines the outs My emotions right near the entry point truly ramp up and my mind starts to focus more on the reason not to be in the trade instead of the reason to be in the trade. Focus Areas Next week My psychology right before the entry Self-Sabotaging acts Stop loss placement and why I am choosing that area for a stop loss
  2. 1 point
    Hello everyone! Me and the team usually get a lot of e-mails asking for the hotkeys we're using or for some simple hotkeys; Therefore, we created a list of the most frequently used/asked for hotkeys. This is just a beta and short version, and we will keep adding to it depending on your request. This list will be worked on not only by us moderators, but by you as well if you wish! Please share in the comments some of the hotkeys you use a lot which aren't in the list and we will definitely update it, you can also ask for any hotkey you think you miss, and if any member replies with it in the comment it'll be also added to the list https://bearbulltraders.com/wp-content/uploads/2021/12/DAS-Video-Series-Hotkey-Scripts.pdf The hotkeys have been tested in DAS trader DEMO account and DAS/IB, still make sure to test them in simulator before trying them live! Thanks all.
  3. 1 point
    Day 9 - Jan 17, 2019 (Took Jan 16 off - fatigued, thinking it would impact my trading) 14 Tickets 2 Symbols Green Day 1. LK - Long - 1min - Breakout Pullback (6:34 Did Not Wait for Price discovery rule) Bought LK as planned - broke through ATH at 49.4 then came back to retest, got long 1/2 size on the pullback - 49.2 as stop below VWAP, with 40c risk. Profit target wasn’t defined should have been 2R. Started taking profit way too early 1/3 at 1R and then another 1/3 at 2R. Watched it come back and hold 50 thinking to go long on the dip - ended up chasing and buying at ATH and broke against me for stop loss on 1/2 position and panic sell on other 1/2. Good: Was a good entry with defined risk, Improvement: Need to have a better game plan going into this - would have been a 2R had I sold instead of my last BUY. Should've been a good trade, but I ended up buying the top. NO DEFINED PROFIT TARGET. 2. PINS - Short - 1min - VWAP Trend trade Watching PINS with a long bias, opened up weak but held the 23.6 daily. Failed bounce through VWAP on falling volume and right back down to the 23.6 level. Looked like it was forming descending triangle on 1min so I shorted as it bounced up into VWAP with stop just above VWAP. Told myself I would add to my short as it breaks down. Broke down, didn’t add, covered instead (fear to give back profits - happened with LK right before the this trade). Took profits as it dropped to my target for 2.5R and continued to take partials on the way down to 4.4R on the hammer. Good: Really like my entry with defined risk Improvement: Terrible position sizing, great trade idea and setup, but absolutely terrible sizing. Noted that I would add to my short as it broke through descending triangle, but instead I covered (FEAR - 5 candle looked like potential bottom, hammer) Today's Review Happy with my trades today, entries / trade ideas are getting better. But still having troubles with my trade plan and exits. Also notice i am selling too quickly and not always following through with my plan - in part due to confidence and also wanting to take profits to stay green. Think once I get more trades and data I will be able to justify with numbers specific setups and take the risk when i have the edge. What I did poorly: Inconsistent Position Sizing, need to have a exit strategy What I did well: Good entries, saw opportunity and got in What I need to do: Position sizing / going through trading checklist to ensure my targets are clearly defined.
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