Leaderboard

Hello! My name is Hunter. After reviewing loads of free material online and reading several books, I have decided this was a great community to commit my time and money towards to enhance my trading skills. I just recently began on the simulator. My plan is to stay as active as I can in the simulator environment for the next three months. I'm certainly in no rush to pour ample amounts of money into the market, if anything I'm more excited to put to use everything I have learned to see how I do in the simulator. I know when I finally go into live trading that the training and patience will pay itself off over time. A little bit about myself: I currently live in north-central Florida but plan on moving to Washington state in March. For my current full time job I am a Police Officer, which is what I have done for the last five years. I'm getting into trading because although I love what I do for work, it is limited in what it can provide to me in regards to income. I find trading fascinating and challenging, I feel like trading offers opportunity for more economic freedom and flexibility. I would love to devote more time towards things that make me happy, and spend more time with family and friends instead of being tied down to a job with a mandatory schedule working 80 hours bi-weekly. The benefit to my job is that I work rotating 12 hour shifts, which means that I only work half of the month basically. This will give me great opportunity to practice in the simulator. Days that I am unable to trade, I will be devoting a fair amount of time observing live trades and reading anything to help my psychology and trading habits. Without further ado, here begins my journal. 1/21/20: First recorded day on the journal. I've been dabbling in the simulator beforehand and making trades on some strategies, but none have been recorded for me to reflect on in the future. Started the morning like most, big breakfast and coffee. I enjoyed watching the pre-market show while sipping on a hot coffee and dabbing notes. I wanted to start my trading day off by attempting to trade 1m ORBs, which didn't go so well as you'll see.. First trade of the day (SPCE). I tried a 1 minute ORB. This should be the definition of "easier said than done." I found out very quickly that it's not so easy to enter the position where you want to when the price is fluctuating 5-8 cents all over the place. When I hit the key to enter, I entered way above where I wanted to because the price was moving so quick, and the price was so volatile that I felt uncomfortable holding onto it. I got out of the position. Though I didn't lose anything on it, I certainly did not feel good in the slightest being in it. I will stick with the consensus of not trading in the first five minutes.. I then attempted a 2m ORB on that second trade. Little smoother than the 1m ORB lol, but still a little wild. I saw a lot of resistance on the level 2 and saw it was not making a newer 1m high as fast as I wanted or expected it to, so I got out of my position. Second trade on SPCE. I then attempted a 15 minute ORB on SPCE, which was a lot easier to trade then anything I tried during those first five minutes.. This was a lot easier to trade. I got into my position after the pull back to VWAP and once it broke the body of the 1st candle. I set a soft stop below VWAP, right below that pullback. I rode it to the top and watched the Level 2. Saw the resistance pile in and began to scale out of the position on the way to the top of the wick. Felt good with this trade and comfortable with it, a lot of time to focus on level 2 and price action on lower time charts. Next trade was UBER Please disregard that first candle, still getting adjusted to my hotkeys and completed F'd it up a couple times there lol. I was aiming for a 5m ORB. I went back into the ORB trade on the third candlestick when I saw it was making a new 5m high. I obviously left a lot of profit out on this one and got out way too early. I believe it began to lag around the VWAP and pulled back slightly when it hit, so I exited the position. Looking back, I should've took a partial there and see if it continued (which it did). Next trade was on UBER again. I was looking around on the gappers for a good ABCD opportunity and saw one here. After the large push through VWAP on the 5m I saw the price came down and found support at a technical level. I saw it bounced off the level several times (I should have added to my position a little at that point). I saw the bullish break on level 2 and rode it out. I decided to scale this one out and made a pretty good profit! I was very happy with the trade. The stop loss was set below that technical level it kept bouncing off of. My last trade (late day) was AMD. I saw that AMD had a good late day rally at around 1500 hours. I thought it may continue and form an ABCD. I watched it pull back and hit the same level of support on the 2nd candle. I got in long and it failed to make a new high. I saw it was finding support on the 9 EMA and stayed in the position. I thought it was going to push possibly close to VWAP right around 51.30. However, I saw a lot of bear pressure and indecision candles and it was nearing end of the trading day. I went ahead and stopped myself out before it dumped on me, which it did. Small loss. My original stop loss was just below the 9EMA, but as that kept decreasing I decided on where I did because of the level 2. That pretty much concludes my trading day. Definitely going to shy away from 1-2 minute ORBs and stick with 5m and 15m ORBs. It's getting pretty late and I'm ready to get to bed now. I will not be able to trade the next two days since I have to work, but I look forward to trading at the open on Friday. Hopefully I can find some good material to cover on my working days away from the simulator.

Day 10 - Jan 21, 2019 7 Tickets 1 Symbols Green Day 1. PINS - Short - 1min - VWAP Trend Trade PINS weak from the open, failed to hold above VWAP and then made a lower high which was first bearish sign, however volume was increasing on buying side so I waited. VWAP continued to as strong rejection so I took a short as it moved away from VWAP and broke previous level, with stop just above VWAP. Worked in my favour instantly so I took a few partials (1/4 hotkey) at 1 - 2 R, left 1/4 of full position until 3R for profit target. Good: Had the right idea, high probability setup Improvement: Could have held a little longer in order to let my idea play out. Panic covering too early and reducing my profits because of it. Today's Review Missed premarket research and market open as I am house sitting this week - lots of travel. Trading wise I had good patience by not jumping in on a few plays that seemed nice. Waited for high probability setup. What I Need To Do: Take a look at hotkeys to automate position sizing. (Kyles Hotkeys)

Hello Everyone Was meaning to post earlier but was pretty busy after some trading today. UBER, JD, LK JD Waited for a 5 min . Took it long and road it all the way up until I got stopped out once it went below the 9 MA on the 2 min chart. Roku also had a nice 5 min ORB (better movement) but unfortunately I was looking at JD at the time. UBER Tried trading UBER as a 2 min ORB but didn't go so well. But I had a really tight stop loss so my risk management was good. I then saw my new favourite set up on the 1 min chart and I took it long. I could have gone long soon when the 9 and 20 crossed over but I was waiting for the 50 to cross the 20 MA (one of my rules) for even better confirmation. LK I learned something important about the MA cross over with LK today. Even though, the MAs cross, it didn't go my way. After this happened I watched a couple other stocks with the same pattern and it seems to be the same. Even though the candle is forming below/above the VWAP it does not mean it will go short/long. It seems as if the MA's are close to and are either above or below the VWAP, it will bounce off the VWAP. Now, if we a really stretched from the VWAP, this is not a concern as it has a while to go to the VWAP and bounce off or continue. Good day. Will not trade in the first 5 min tomorrow. Will wait for a 5 min ORB, look for ABCD patterns and will look for MA's crossing. Thanks for the support and feedback!

Hi folks, here is a copy of the playbook template I discussed in the Feb 14 recap. The file is obviously a sample meant for each individual trader to complete with their own strategies, patterns, and setups. https://drive.google.com/a/bearbulltraders.com/file/d/1bmu3XzT_KtzTfya2Fo7Uqc7DZG_N7q-B/view?usp=sharing Please download a local copy as .xlsx

Wednesday 01/22/2020 I had a well-being score of 7/10 this morning. I took 2 live trades this morning with FB and IBM. My watchlist: NFLX, FB, SPCE, TSLA, IBM and AMD. I didn’t like the watchlist today and considered trading in SIM. IBM and SPCE were OK, but I didn’t have shares to short for SPCE so I had IBM on my main screen. The other stocks were just filler, but didn’t like them. I was watching IBM for a long. A resistance level formed the last 15min of PM and a level at 143.65 looked like a good place to go long. But IBM opened with no volume. Looking around I saw FB with a strong open on volume. When I brought it to my montage I immediately noticed a L2 bullish signal and went long. The price instantly reversed and I stopped out when the price broke the 222.29 tech level. L2 when I took the trade: The trade: The plan I had for IBM was to go long when it broke the 143.70 level that was respected in the last few minutes of PM. But I was trading FB when that occurred. So I went to plan B, which was wait and plan to go long when it breaks the daily level at 155.59. As I was waiting I heard both Brian and Andrew say IBM looks strong. I usually do not get influenced by the chat very often. But FOMO was high missing the entry I wanted, so I went long slightly early. The price immediatley bounced off of the 155.59 and sailed lower. My stop was the 143.91 daily level but it flew through that I got a terrible fill for a -2R loss. I then promptly shut my platform down and walked away. What did I do good today? I did think the FB trade was fine and executed well. It just didn’t work out. What I am grateful from today? I was able to turn off my platform and walk away. What I should improve on: My plan for IBM was fine, but I let FOMO get to me. I need to listen to CB. If I do that again I may start wearing this T-shirt every morning. It reminds me that FOMO is such a childish emotion and I should be able to control it.

1-22-20 AIS 0810, 4 hours PAT: A or better setups..... Playbook Only..... Notes: Only PB#3 Live..... Montage on SIM for first 10 to 15min only..... 0925 7/10 IBM SIM PB#1, Live PB#3 PB#1 and PB#3..... First 5min ORB with an ABCD on the 1 na d 2min Partials and add all the way to 0954 and all out at BE +1.3R .... second trade for trend.... I called out the 9ema crossing the 20 on the 1min and for some stupid reason I still took it long..... hard stopped for -1R + 0.3 R JD SIM PB#3.....Trend with ABCD on 2min, a bit late..... took partials and set a Range for lunch and came back to all out at BE..... +0.6 R Cons: Took the live trade against what I was talking about.... Pros: Playbook Trade: Notes: Rs: +2 SIM -1 Live = +1 R

Mike thanks so much for the heads up. Automating this would really help me out with controlling my position sizing allowing me to better calculate my expected risk and expected P/L. Excited to try this out, think this will make my life a lot easier!

Hi Huntermac, welcome. I really like the second trade on SPCE. It's great to see setups on two different time frames. It was a good 15min ORB and on the 1min chart a good ABCD or cup and handle. Aimen, one of the moderators, would have taken that trade when the price bounced from the 9MA. I would have done the same as you and waited for the break out.