Leaderboard

2-12-20 AIS 0815, 4 hours, 5.5/10 PAT: Overtrading.... Jumping the Gun.... TEVA PB#1.1 PB#3 ..... This looks like a mess because I took trades in SIM and Live played off 13.07 and waited for the break of the 9ema on the 2min, the second partial was a hotkey mistake and correction...... my first Live entry was PB#3, third green arrow.... My sim and live trades were almost equal at +1R each Tried another trade right before I needed to get to other business and stopped on necessity +0.5R L +1R SIM LYFT PB#1/PB#3 (combo bonus) 5min ORB with ABCD on 1 and 2min trending the 9ema on the 1min and breaking VWAP..... a partial and add..... last two partials were from chop and all out of the market to take care of other business.... +2.6R CONS: Overtraded the last one of TEVA..... Pros: Keeping my Live trades to PB#3 only PB Trade: Rs: +2.2R

Great VWAP bounce trades (false break outs). All of them. I really like CYBR where you were stopped out, but saw the setup again and had a winning trade.

Alright. So I was too tired to make my post last night for yesterday's early morning trade, so I'll also include that in this post. 2-11-2020 & 2-12-2020 Trade 1 $S- Little disappointed with this stock overall. Didn't really pull out of a narrow range throughout the early morning. I managed to profit off a couple small trades. First trade was a bounce off of VWAP on the 1 minute. Saw it failed to break VWAP. Had low relative volume. Saw it tried a few times, so I got into the trade long. Target was 8.37 for 2R, I also believed it would probably take off (I was long biased), so I only took a partial. Saw it failed to make a new 1 minute high and then heavy resistance at the 9EMA. Decided to completely get out of my position. Trade 2 & 3 $S - First trade I was trying to buy the break of the 8.37 level. Saw it bounced there. Saw higher lows and higher highs on the 1 minute with increasing volume. I decided to take the trade long and set the stop at 8.30. Ended up getting stopped out. On trade 3, I was looking for a false break on VWAP. Saw a gradual ease towards VWAP. I saw it push through and close above VWAP on that bear candle. Waited for the following confirmation candle and then took the trade long. Took a partial at around 8.34 and then closed the position at 8.30 because I had to leave the computer. 2-12-2020 Trading Day. Definitely wanted to stay away from S today, as I didn't like the price action I had yesterday. Took it off my watch list completely. Trade 1 $BBBY Alright, so first trade was BBBY. Saw a nice break and extension away from VWAP on the 1m and 2m. Waited to see if there was a test/false break on VWAP. Saw it broke through and pushed back up. It then tried again, went slightly below VWAP and then large orders came in on the L2 and it shot back up, I got into the position long. I followed the higher highs and higher lows until I saw volume being to fade out. Took a partial around 11.30 for about a 2R. When I saw it closed as an engulfing candle and then the following candle gapped below it, I got out of the position entirely. Trade 2 $CYBR - A beautiful gap down in the premarket, I was short biased on this already. I thought people would be covering their short positions and it would break or test VWAP. First trade I shorted it at the break of VWAP but it continued up shortly and I got stopped out. Next candle was engulfing and failed to make a new 5 minute high, I re-entered the position and shorted it. Stop loss set right above the 5 minute highs of the VWAP break. Took a partial and then got out of the position entirely. I was short of a 2R on this. There was some heavy support at around $119, which I assumed was just because it was a whole dollar amount, it never appeared to break that level the rest of the trading day.

Feb 12 $BBBY I was not awake today. I think I was mentally exhausted this morning and it all started when I got my fist cup of tea as you will see. I had $BBY, $MU, and $TEVA on watch, but at the open I could not seem to stay awake or keep my focus, so I decided to go get another cup of tea, only to realize that the first cup was caffeine free. Of course. I felt it better to call it a morning and wait till the afternoon, but that was not much better. I was awake by this time but just not in sync with the markets. I did end up trading BBBY to the long side. I got a partial and then stopped at B/E. I also missed a trade on $CVS that would have worked out nicely, but I was too slow on the analysis.

Finally have received the withdrawal today. It took 8 business days.

Monday 02/12/2020 I had a well-being score of 7/10 this morning. I took 1 live trade this morning with TEVA. My watchlist: TEVA, BBBY, CVS, ROKU, MU and SHOP. TEVA was on my main screen due to a PM level that was being respected. The plan was to go long on the break of 13.20 if volume arrived. But before that happen there was an L2 signal, not huge but enough, so I went long with half shares. 13.50 target and 13.05 stop. I was watching the bid/ask spread and tried to take a partial at 13.30 four times. The first 3 times got poor fills. At that point I was essentially out of shares but holding. Then at 9:33 volume arrived and the price made a hammer by bouncing off of the 20MA-1min and I added when the price broke the 9MA. This was the start of the real trade. Target was still the 13.50 with the 20MA as the stop. Yes, took way too many partials but better than the first part of the trade. What did I do good today? Added to my trade. An unusual action for me to conjure the courage to do. What I am grateful from today? One and done. What I need to improve on? Must use the partialling hot keys. I may have to go back to SIM to practice.

Almost forgot to journal again. I forgot too yesterday. It was a roller coaster yesterday. I was down, then up, then down, then up and then down at the end. I knew were I screwed up. Especially at the end. I thought I was looking at a 2 min chart but in fact, I was looking at a 5 min chart. Ah well. Today was much better. Took 2 trades UAA, MU UAA Rising devil trade. Did get a little nervous as it wasn't going down as fast as I was hoping but made 1%. MU Saw MU perform a engulfing pattern on the 1 min chart and it went over the VWAP. The previous candle was also a hammer doji. The 2 min chart showed a hammer doji above the VWAP and the candle that was forming was also a hammer doji above the VWAP. So I went long. Got stopped out at my moving stop loss. Made 2% total today. Pretty happy. I could have made more with FB as I saw all the signs but was afraid of over trading. But it was such a perfect set up that I should have just taken it. Whatever, no FOMO allowed. I am at a point where I am debating on going live. However, my job is asking me to do 8am - 4pm shifts for 2 months. I am probably going to stay in sim and do live trading when I get back. We''ll see. See you all Friday morning as I'm back on 2 day shifts starting tomorrow! Thanks!

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.

I didn't do a journal entry Yesterday because I was not ready to talk about the failure of my first day back in a live account. I thought I was ready to control the psychological problems of over trading and revenge trading, but they reared their ugly heads again. I got my account activated 5 minutes before the open, I should have immediately switched to DEMO for day one, but the excitement of finally trading live again pushed that thought away and I went in guns blazing. I didn't do any screen shots because there were not many technical entries or trades. It ended up being over 130 tickets. -$306.52 before commissions, -$454.67 after commissions. That is a -9.12% hit to my account on Day 1. Rules Followed 2/7 Last night I emailed CMEG to set my total daily loss realized + unrealized to $100. I also forgave myself for making such a huge psychological error. The hard daily stop will obviously keep me from doing this again, but I should be able to control it myself. I must fix that issue, anytime my first 5-10 minutes goes poorly, I lose my cool. I will get better.

Feb 11, 2020 - $AMD Did not trade in the morning as I did not have any setups appear for me. I came back in the afternoon and I found $MU and $AMD. $MU failed the setup so I moved onto $AMD. Took it short, got two partials and then it stopped me out to the penny at break even, before going on a hard selloff to my profit target. Overall a very good trade and my management was on point. I going to increase my risk per share after this sample set. Unsure right now what I am going to move it to. I am going to do some analysis to determine the best price.

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.

Only because I now refuse to exit before my stop. Too many times this exact thing has happened to me.