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Tuesday, I started the day with a much better mind frame than Yesterday. +$121.75 +2.6% (+$102.25 +2.25% After Commissions) Rules Followed 5/7 (4. weekly loss is over 300, but I traded live anyway, 5. Traded 2 BreakOuts which are not listed in my acceptable strategies at this point, I might add them because I am confident in reading L2 action around resistance/support levels) Trade One 5 Min Orb: entered with very little risk just below VWAP, almost added to trade at retest of VWAP 9:55 but I decided against it. Put a .13 Trailing Stop in because I was tired of watching the trade. I should have stuck with it, it never tested VWAP again, and fell another .60 cents. Trade 2 Reverse To VWAP: Brian called this possible reversal out in the chat, I expected it to get to VWAP after not broke the MA, engulfed the 1 MIN and passed the high of the previous 5 MIN. It shot up and I took a 1/4 partial, made a hotkey mistake and took another 1/2 partial instead of hitting the BE hotkey. Then the pattern failed and stopped my remaining out at BE. Trade 3 BreakOut over 200MA on 5 MIN: This was another good idea, but I made the exact same HotKey mistake that I made on Trade2 to take my big partial way too soon. Trade 4 Daily Level BreakOut: Roku was strong all morning and was hanging out at a Daily level I marked in the pre-market. L2 showed big Sellers at the ASK (1052,600). I entered at the break and took some good partials, no HotKey mistakes this time. Trade Log: I'm not sure why some are SMAT one some are LAMP, I thought they were all supposed to be LAMP. I messaged CMEG about this. Later in the day I was tempted to make more trades but Rule 7. Lock Montage after reaching goal! So I switched to Sim and messed around, lost 1,300. I probably shouldn't even screw around like that in Sim anymore, it could make bad habits.

Monday 02/11/2020 I had a well-being score of 7/10 this morning. I took 2 live trades this morning with TMUS and AAPL. My watchlist: TMUS, DISH, S, ROKU, UAA and AAPL. I liked the PM of TMUS, S and AAPL all long bias with the break of a PM level. TMUS setup first with a break of 93.75 price that was respected in PM. I actually didn’t have a good target, but my stop was 93.50. I got 3 quick partials before it retraced. I set stop order at B/E and my fill was terrible at 70 cents below B/E. If I got my fill at B/E I would probably have called it a day. But I wasn’t sure how little I made for the trade so I started looking for another one. After I was finished trading for the day I checked my P/L (which I restarted this month) and I was up +1R after the first trade. If I knew that I would have stopped trading. My next trade was AAPL but I took it a bit unprepared. AAPL was on a side chart and I saw an opportunity for a 1min ORB. I brought it to my montage and entered the trade immediately. I did not check SPY, L2 or the actual volume number. The volume was only 600k which is just OK for AAPL and not enough to take an ORB. Plus SPY was dropping. Yes, the price action was fine, but I didn’t give myself the couple of seconds to fully check the setup. So of course the instant I entered the trade it started to drop. I did sell all at my stop of 323.40 but my fill was terrible doubling my losses on the trade to -2R. Ouch. What did I do good today? I planned the trade before the open and executed it on TMUS. What I am grateful from today? Only being down -1R for trading poorly today. What I need to improve on? Check the setup fully. If you miss the trade while you are checking, that’s fine.

2-11-20 AIS 0820, 4.5 hours, 5.5/10 PAT: Overtrading .... LK PB#3 ...... First trade in SIM and by mistake..... bounce off the VWAP on the 5 and the 20 on the 2, partial on slow down of the tape and all out on consolidation and reason that I am missing better opportunities +2R WORK PB#3.... first entry was jumping the gun anticipating an ABCD on the 5min.... second back at 9 on 2min and again anticipating ABCD again.... third trade was same attempt.... mistake made when I did not get out when Powell came on to speak with profit and let it run to stop again.... -4R Cons: Overtrading.... Jumping the gun..... Pros: respected my in trade and daily stop loss...... PB Trade: none Rs: -2R

Thank you for the idea @hailchaser2 See here https://forums.bearbulltraders.com/forum/19-ask-bbt-mods-your-questions/

Day 24 - Feb 10, 2020 32 Tickets 5 Symbols Red Day - Max Loss 1. PINS - Short - 1min - VWAP Rejection (Chasing) 2nd day play, Huge gap and fail at earnings. Saw it drop right to 24.05 daily level and was initially thinking long at support. Started bouncing and I has huge FOMO to shorted in anticipation of VWAP rejection with stop just above VWAP and a little room. Ended up holding my loser and not cutting. Improvement: DO NOT FOMO - Wait for price discovery and let the setup form. Terrible trade management, Need to cut losses quickly, especially off a poor setup. 2. UBER - Long - 1min - VWAP Trend Trade Beat estimates and guiding to be profitable by end 2020. Broke through previous day high of 41 and came back down to test VWAP, bought into VWAP bounce and added once it confirmed and broke through 41 again. Volume dried up and I panicked and took a few partials off, and continued taking off until previous high which was initial target. 3. AAPL - Long - 1min - VWAP Trend Trade Was on secondary watch, strong push at open, then came back down and tested 317 level (VWAP and previous consolidation). Went long as it broke through previous candle high with loss of VWAP and previous candle low as stop. Went in my favor and I started selling to soon - fear of giving back profits from previous. Sold into high of day thinking could reject and come back down to VWAP. Did exactly that, would've been another great VWAP bounce off similar level - but I had to leave for work. Good: Happy with entrance on confirmation vs trying to catch bottom. Improvement: Need to have a more defined exit plan. R/R based on previous high was poor. 4. LB - Long - 1min - Chasing (Ascending Triangle - Not In Game Plan) Ascending triangle was called out in chatroom, looked like it had potential holding over VWAP with room to run on the upside. Ended up being a false breakout and got rejected real quick by moving average. Had hope this would hold at VWAP - no hold so I exited. Ended up fat fingering a hotkey and shorting/covering ax extra tier at the end (break even on mistake). Improvement: Need to stick to my own watch-list. Got excited and over traded off of someone's call - DO NOT DO THIS. 5. TSLA - Short - 1min - Failed Pop (Not In Game Plan) TSLA has been very active, short biased going in as seems overextended but realize this can squeeze hard. Was watching the 787 daily level - held a few times and finally broke. Shorted 1R at failed pop but ended up chasing it down for a poor entry, stop just above previous high. Price went against me and quickly stopped me out just over 787 (level held and ended up being a good call, just too early - Opportunity would be short once 85 is rejected and breaks the previous support) Good: Had the right idea just got in too early and chased a poor setup that’s not in my game plan. Improvement: Need to be patient, let it play out. Today's Review Took 2 weeks off and definitely felt it. Wasn't as sharp mentally, and felt quite a bit slower. Discipline wasn't there - seems as if i was over excited to be trading again and didn't follow game plan. Lots to catch up on. What I did poorly: FOMO/Over trading, not waiting for my setups, position sizing, few hotkeys mistakes What I did well: Stick to my max stop loss rule and not trade after. What I need to do: Have a much better plan for next time I am away. REPLAY - get replay going in order to multiply experience.

2-10-2020 Unfortunately, I had to work today. I was only able to take one trade in the early morning on $LB. LB I saw a huge extended 1m candle on the market open. I immediately began waiting for it to pull back. I was hoping it would do a false break of VWAP for a really good stop loss setup however, it pulled up just below VWAP on the 1 minute. I took the trade short. Original goal was a 2R. I saw it losing steam just above my target level. Took a partial. Saw some indecision candles on the 1 minute & 2-minute charts, supplemented with a new 1 minute high. Figured it was going to probably turn back towards the VWAP again. I decided to get out of my entire position at this point. The 23.80 on the 1 minute chart in the photo is where my target was. The technical level just above VWAP at 24.52 was my stop loss. Overall, not a bad trade. I've found recently that I enjoy VWAP reversal trades for a few reasons. 1) They're pretty reliable trades. 2) The stop loss is set at a clear area. 3) It seems you can achieve a pretty good risk/reward out of these trades. I have to work again tomorrow. Hopefully, I'll be able to find the time to trade the early morning again.

thought i would answer this if its ok. I helped Robert create that darn Booty Reversal and its the toughest setup I trade. Wish I never got it into my brain but it was necessary because I was trading in a IRA at the time and needed the long opportunity it provided. In the trade ideas test drive I spent week attempting to create the scan without luck because of complexity of it. Sorry I could not give you the scan but when I do trade it which is not very often I look for a stock massively losing it and going to a place that is ridiculous. during that time period you want to see 3 healthy levels of consolidation with the loss of the last level at volume. Then take it on the bounce of the level past the last breakout. stop is if the candle breaks itself down more. that's the first signal of the booty. You could wait for charts to line up and take the actual booty reversal but I feel the 1st part is the trade now. Maybe that could be created. Take care and be careful trading that thing. I gave you a win and a loss to review.

Well, like I mentioned, it was the day before Christmas eve, and although I knew I needed to share what happened with my wife, I didn't think it would be fair to unload this on her at Christmas time. This gave me a chance to reflect on the whole ordeal, and put it in to some kind of perspective. That perspective comes from many of the fine folks in this community. I consider this a business, and as such, requires some investment. When you look at the investment that other forms of business require, this has been quite a bargain. You are spot on when you call these things that we do , which we are are constantly warned not to do, a rite of passage. I just had to look at it as a valuable lesson learned, and decide whether I was ready to move on, or not. I decided to continue my pursuit, as the only other option I see is spending the rest of my days wondering "what if". I also must confess that I have great support "at home" as my wife was not anywhere near as concerned as I thought she would be. She reminded me that I often bring in twice what I lost that day in one day of swing trading, but have also often had days where I lost more than that swing trading as well, and pretty much take it in stride. It seems that in my state of panic, I had narrowed my focus, and didn't even realize it. She did mention that this would only be a waste if I didn't learn from it. That, my friend, made a huge difference on how I was able to "get back up". So, mechanical stops, and making trading in general as mechanical as possible is a requirement for me, for now. Some can use mental stops, but I have shown that at least for now, I can not. I highly recommend the work of Mark Douglas. He is no longer with us, but his work lives on, and when it comes to getting a grip on the psychological issues we face, his work is the best there is. Take it slow. The only thing I have been able to do quickly in this business is lose money. Try to think about where you want to be in 6 months, a year, or 2 years down the road. I knew that if I kept going the way I was going, I would be out of business in 6 months to a year. I went back to paper trading, and even combining paper trading with live trades. I am much more aware of my weaknesses, and what it feels like when they come around. Nowhere near perfect, or even where I would like to be, but I can see progress. I now focus on the process, and oh yea, went back to my smaller share sizes. It makes a huge difference. I've been told that it could easily take 2 years for me to become consistently profitable. 2 years is the blink of an eye in the grand scheme of things. I figure if I take it slow, at least I'll still be around in 2 years. Don't be shy, use this community. There are highly skilled people here who really want to help.

Hi Elias I'm also based in Dubai! Either weekend is fine, but could we make it Friday instead? Would be way better to meet up without having to worry about work the next day 🙂

hi Elias, 29th is better for me.. it's good to know BBT members in Dubai.