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Showing content with the highest reputation on 01/20/2020 in all areas

  1. 1 point
    1-13 to 1-17-20 What I did bad this week: Rules Broken: Chasing on a few occasions, Over-trading a couple days along with trading more than 1 loss before 1100 on Fri., Listening to Chat on Wed and Fri before 1000. Traded past my max loss for the day. Traded with bad management and did not read the tape on three trades Took too small of size on an A+ setup Pre-Market: Did not do my research on one day, Did not meditate on two days What I did good this week: Took A+ entries on three trades with size Used the Tape for trade management on two trades Planned IF/Then Pre-Market on two trades Changes to be made this upcoming week: Will trade SIM for the First part of the Week and only if the first two days I follow my Rules will I go back Live and with very small size... Rules to stick by this upcoming Week: After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect. In-Trade and Daily Stops Do Not chase or revenge trade Make sure I only take PB#1 or PB#3 trades Live, All others in SIM Only one loosing Live trade before 1100 Challenges for myself this upcoming Week: No pre 5min trading unless I have a clear plan in place Only A or better setups at time of trade No BBT Audio between 0945 and 1000 Take a planned break at 1100 for other Bus. @ 0915 do some exercise and then meditate to calm myself Stay unbiased If I feel overtired I will try going back to bed and coming back to Trend Trades later.... Notes: Rules are not to be broken, these will cost money every time My Challenges are almost as important as my Rules, Pay attention to them Goals and Rewards: +10Rs or more at end of the month to consider trading with more size in the future two months -5.7 for the week
  2. 1 point
    Friday 01/17/2020 I had a well-being score of 7.5/10 this morning. I took 1 live trade this morning both with MU. My watchlist: SNAP, PINS, LK, AMD, TSLA and MU. Stuck with two stocks, on my watchlist, with no shares to short. I see Carlos had shares to short for PINS on CME. But I don’t on Centerpointe. Nothing really exciting on the watchlist so I chose MU by default on my main screen. MU gapped up in PM, but I had no bias. The big print hit only a few seconds after the open (~700k). 25 seconds after the open 3 signals occurred. We had a bearish 1min candle which just broke the 200MA-1min and a moderately sized bearish L2 signal. So I went short. PDC was my target and with $58 as my stop. Since my stop was tight I went half shares. My screen when I entered the trade (note the L2 signal): I was able to get 3 partials in before the price retraced, then due to a bullish L2 signal I exited the trade early. Though I would have gotten more of a drop if I used B/E as my stop I am proud of myself that I exited on the L2 signal which I have been trying to train myself to do. My exit signal: The total trade: What did I do good today? Exited a trade on a L2 signal. What I am grateful from today? Having MU on my main screen. What I should improve on: Was a bit distracted with my swing trades to take another trade though none of them actually needed my attention at the open.
  3. 1 point
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