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Showing content with the highest reputation on 03/09/2020 in Posts

  1. 3 points
    3-9-20 AIS 0800, 4 hours, 6/10 PAT: Live trades in PB#3 only.... Over-trading ... One Live looser only before 1100 ... more scalps with volatile market... AMD PB#1 5min ORB forming an ABCD on the 2min above the 9ema, after it started to go up it immediately turned against me so I stopped myself out early. my stop was below VWAP so I did save money but should have stuck with it.... -1.2R SQ PB#3 Took a series of 3 trend scalps using 65.99 level and HOD +2R CCL PB#3 Trend scalp Was wanting it a bit higher but I set my order a little too low to make sure I got filled and took a scalp for 1R +1R SQ PB#3 after the extended pullback and breaking VWAP, 65.99 level and the EMAs on the 5min for a trend up on the 2min. a 1min abcd with a stop at 65.98. First partial was 50% the next two were 25% each and all out on the fourth +3R Cons: Took my eyes off of AMD. Jumped the gun on CCL trade Pros: Took positions when they arise PB trade SQ second chart Rs: +4.8R
  2. 2 points
    I did not trade live today. I am working on a new opening strategy, so I am only trading Sim for the first 10 minutes. I am at the very beginning stages, so only worrying right now about the entry. After 30 minutes I am transitioning back to live, but after the craziness in the market this morning I called it a day. I tried coming back in the afternoon, but the markets were choppy, so instead I decided to spend it with the family.
  3. 2 points
    This was an up and down day, I started the day well. The biggest mistake I hade is that I was up 3.1R...…..I'm supposed to switch to sim once I get 3R. I didn't. slowly gave it back, then went up and down for a while. Because I was angry at myself for giving my 3R back, I started over trading and trying to make reversals happen, my two most common mistakes from my first 4 weeks live. Ended -2.2R for the day, with commissions included, it triggered my $60 max loss. I can't believe I ignored my rule to stop at 3R, I will learn from this mistake. Had too many trades to recap all of them My first trade, could have finished 3.8R if I wouldn't have entered more trades while I was slowly partialing this one. Later a decent short, stop was above HOD. I have made this mistake a few times now, I click the stop loss too close to price action because I'm trying to get a larger share size and still keep my $10 risk. It never works out, I'm always stopped out within seconds. I need to remember this moving forward. My later trade was much better even though it took me two attempts. Stock tried to move above VWAP twice and failed. Here is where I started to try and make CCL reverse. one partial and stop out 3 different one partial and stopped out trades on JPM. Overtrading. One partial and stop out Short, stopped out, then second try, two partials and stopped out. Long stopped out, then long again. a good short, then just terrible over trading with no setups. More overtrading 2 more tries at forcing a reversal. I need to be more disciplined the rest of the week, today I had "One Good Trade" and ruined it with my greediness.
  4. 2 points
    Monday 03/9/2020 I had a well-being score of 7/10 this morning. I took 1 live trade this morning with NIO and 1 SIM trade with BAC. My watchlist: AMD, AAPL, INO, TSLA, BAC, and TWTR. Well before the open NIO was actually getting strong volume. Price made a nice hammer then a 100K ask hit L2 at 16.90 and I went long. I did take a partial, then at $16.80 the big ask disappeared without being filled. By rule I need to exit the trade, which I did. Almost instantly the price moved higher. I don’t know if I would have caught most of the move, but this messed up my psychology. 10 min before the open, still not feeling sharp, I switch to SIM. Today I needed to be 100%. So made a small profit on NIO. My one SIM trade was with BAC. The price was holding to LOPM. Good volume at the open and I was waiting for the break of LOPM to go short. The price did break this level and I went short. My stop was not tight with 20MA-1min and VWAP. I had no decent target. The price dropped steadily after the open and I took partials and got spooked out quickly on the trade. What did I do good today? Didn’t trade live after the open. What I am grateful from today? I wasn’t trading when the market halted. Was green for the day.
  5. 1 point
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