Leaderboard

Monday 02/18/2020 I had a well-being score of 7/10 this morning. I took 2 live trades this morning with AAPL. My watchlist: AMAT, ROKU, KR, BEN, AAPL and TSLA. AAPL was on my main screen due an interesting PM. There were some PM levels that were being respected. Two minutes before the open AAPL made a big red candle. One min before made a smaller candle holding the level. At the open AAPL got big volume and I shorted (half share size) on a new low. The price dropped then reversed and I actually covered below $316, but the cover did not fill. I flipped my postion and quickly noticed I only have half share size. Now I know that half of my buy order filled the cover. I then noticed the open cover order and cancelled it. At that moment the price droped and would have filled my buy order at a good entry. Then snapped back higher. At 1min 24 sec after the open a big L2 ask of 20k at 317 and added shares. See below at L2. I tried to take a partial at the 317.39 PM level and got a bad fill. Then 2min later I took another partial at that level. Then I noticed it is actually a good time to add. So I added some shares. Then took 4 partials then got a bad auto fill at B/E. What did I do good today? Added to my trade. Recovered OK from my first trade not filling the stop. What I am grateful from today? A green day, which I really needed after a rule breaking day on Thursday. What I need to improve on? Some common stocks are getting too high priced. I need to reprogram my hot keys for a larger buffer on my market limit orders.

Day 29 - Feb 15, 2020 21 Tickets 3 Symbols Red Day 1. + 2. TSLA - Short - 1min - Failed pop TSLA moving on Morgan Stanley upgrade ($1,200) and Elon in the news with Bill gates. Initially long bias - but seemed weak off the open. Short expecting a failed pop to work instantly - got stopped out right away with previous candle close as stop. Went in on another failed pop expecting VWAP to hold, stop just above. Hot key error - tried to cover 1/4 but sent a order to short more, covered right away. Price continued higher through VWAP for stop loss Good: Happy with 2nd entry - defined risk. Improvement: 1st entry was poor, way too early, was just hoping as this point. Need to fix hotkey - cover half ended up shorting 2x my position. 3. TSLA - Long - 1min - VWAP Trend Trade Realized this was a double bottom and end up getting on breakout and hold of VWAP - panic sold into the 845 daily. This was my idea before open - "watch for bounce of VWAP and hold, for VWAP trend trade on strength" didn’t let it play out. Improvement: MAJOR Scalp - this is absolutely embarrassing. Fear of giving back profits and having another losing trade so I take profits as soon as I'm in the green - this is brutal. Did not follow my game plan. Opportunity: Hold for my target to hit, and load up once tested 845 again - great entry point on confirmation. 4. WMT - Long - 1min - VWAP Trend Trade. Weak holiday sales and online sales slowing. Dropped in pre-market then came right back up thinking we could see the same thing in the morning. Dropped then made its way up. Got in once VWAP broke, and held with stop just below. R/R was justified for a quick move. Took 1/2 off at previous consolidation and adjusted the other half to break even. A little conservative but wanted to claw back at some of the previous losses. Good: Liked using the break even hot key (Kyles Hotkeys) after taking the first partial. Think this could be a game changer going forward. 5. ROKU - Short - 1min - Failed Pop (Not on Watchlist) Saw it pop up in chat as it broke low of day. Waited for it to bounce and saw a good opportunity to short the failed pop. Chased the entrance a little, could have had a better entry for more size. Goal was to hold to daily level at 127.2, covered half into retest of daily low. Continued in my favor so added more to my short as heavy selling volume started coming in. Another hotkey error - shorted 2x position rather than cover half at my target - (script problem ever since I updated DAS). Ended up panicking with extra size so I took the rest off around my target. Good: Had the right idea, and added size on confirmation Improvement: Need to fix hotkey - cover half ended up shorting 2x my position. Hindsight 20/20 but if I didn’t add to my short, I should be saving 1/4 position to run past target. Today's Review Really starting to notice the impact that terrible risk management skills are having on my trading performance . 3 winning trades, 1 losing trade and I am in still in the whole due to my poor risk adjusted position sizing. Also noticing once I have a few losses (unnecessary) I am quite timid and start cutting profits too soon. What I did well: Cut my losses What I did poorly: Did not stick to my game plan, not being patient What I need to do: Slow things down...Revisit my trading game plan to adjust the setups, exits and entries. DO THIS EVERY MORNING, live by the gameplan.

Advice: Get rid of daily goals and dollar related goals completely. Focus on routine, and process. Focus on keeping your mindset as clear and patient as possible. None the monetary goals matter when you are all screwed in the head when trading. Also when it comes to how much % do I make a day... I have no clue! It depends on what the market gives me. I trade futures, not stocks, but I can tell you if the market is good and it's easy to trade, I stay all day because you need to push it when it's good. You have to have big days in order to make up for the draw-downs, which are going to happen. Trading is not a normal job and it's not a linear path. It's a journey for sure. Jason

Another terrible day. Hit my max loss again. -$108. Rules followed 6/7 Trades 1,2,3 MU 1st trade was a good 5MinOrb took 1/4 partial quick, then another 1/4 when it hit my pre-market level $56.62. It bounced, I was stopped out .03 above BE. My stop was set at BE but got filled above. 2nd trade: I saw it fail above VWAP the prior candle. Set a .20 stop loss which would give a bit of room above VWAP. Again got stopped out past my stop loss .04 above. I should have set the stop closer to VWAP. My hot keys are currently .05,.10,.20...if I had a .15 I would have used it here. 3rd trade: A revenge trade, I convinced myself the 200SMA would push the stock back down, but I know that 1min moving averages are not as strong as 5min, I should have known not to take this trade. I should have known after the big wick on second 5min candle that the stock was primed to pop over VWAP. I’m also going to start taking 1/2 partials instead of 1/4 partials. Maybe that will help my emotions when I get BE stop. Trade 4: If I would have been watching this earlier I probably would have gotten a better entry. I chased this one up. For the next 6 trading days I will be in a competition on a different platform. I don’t know if I will even logon to my CMEG account or not. I will still do recaps for the competition trading.

2-18-20 AIS 0755, 4.5 hours, 6/10 PAT: Overtrading...... PB#3 is the only Live Trade.... KR PB#1... 10min ORB making an ABCD on 2min but a bit early on the entry.... I need to go back to my proven ABCD entries -1R FLR PB#3 .... SSR set order for a retrace of a weak stock trending the 9ema on the 2min.. three 25% partials and an add on the pop to the 9ema on the 2min. , thinking here at this time of day I could have waited for the 9ema on the 5min instead... got all out on a second new 15min high +4.6R Cons: bad entry on KR, could have waited for the add on FLR and would have seen the first 15min new high saving me money.... Pros: Felt good about trade management on FLR PB Trade: FLR Rs: +3.6R

Feb 8 -16 Weekly Report Top Three Good Trends This week I was able to trade with no fear of being wrong. I entered a few trades that I did not think were going to work out but met my criteria. I had more winners than losers. I was able to keep my losers smaller than my winners throughout the week. I did not have any self-sabotage errors this week. Bottom Three Bad Trends I was having some issues focusing in on trading in the moment. A few of the days I had a hard time keeping my focus on the trade without it wondering. I was not able to stick to my routine after I got into a trade in the afternoon. I have to utilize my routine once I enter the first trade and input the appropriate outs, I need to start scanning the 1-minute charts again for another opportunity. Focusing in too much on the tick by tick action in my afternoon trades. Once in and the levels are set, move on to the next trade. Focus for Next Week My focus this week is increasing risk per share. I am going to start out by increasing in small increments until I reach my tolerance level. I am going to focus in on trading a solid morning on Tuesday, a solid day on Wednesday and Thursday. I will not be trading Friday as I am traveling to New York. I want to really work on trading scanning for a second stock to trade in the afternoon after entering my first position.