Leaderboard
Popular Content
Showing content with the highest reputation on 03/10/2020 in all areas
-
2 pointsCouple thoughts: Taglines shouldn't have a negative slant in them: Don't / Mistakes / Not / etc. Taglines should be built around a prospective customer's problem and your solutions for them. Problems: "I want to make some money on the side" "I'm currently trading but not getting the results I expected" Solutions: Join a community of experts and like-minded traders Education through webinars and expert interviews Tools that will help you become more efficient (Kyle's hotkeys) --------------------------------------------------------------------------------------------------------- You can then build taglines around that: Header: Welcome to Your Trading Community Sub-header: Get access to essential Support, Education and Resources (I would put something similar like "to make yourself a consistent day trader" on the end, but I know @Andrew Aziz is understandably apprehensive about making any promises.) --------------------------------------------------------------------------------------------------------- After a short and concise header @PilotFish is right - you can then add some details: Expert moderators Dedicated psychologist Education center Meetups Weekly webinars Benzinga Trade reviews Special hotkeys Resource sharing
-
1 pointConfirming 6pm, March 11 Wednesday Fate Brewing Company (1312 N Scottsdale Rd, Scottsdale, AZ 85257) Look forward to seeing you all!
-
1 point3-10-20 AIS 0800, 4 hours, 5.5/10 PAT: Over-trading... PB#3 in Live only ... stick with stocks in play.... TWTR PB#3 two trades....first one was over extended and I knew it but reduced share size. goal was to scalp it but I did not because of the small size I had which was a mistake on trade management. second entry was much better and I did take the same amount of share size as to not skew the Rs for this trade. with partials and an all out on new bad price action and tape. this did end up coming back to 34.40 as of this post and I am happy with the all out. -0.2R .Cons: chased first trade... was very tired and maybe should have come back later Pros: getting out now before I do something stupid as I am very tired Rs: -0.2R
-
1 pointTuesday 03/10/2020 I had a well-being score of 5/10 this morning. Didn’t feel myself today. SIM today I took 1 SIM with BAC. My watchlist: AMD, AAPL, BAC, TSLA, CCL, and DKS. I took a small PM long trade on BAC on a L2 signal and a break of VWAP. It didn’t go anywhere, but the good news it turned off my long bias on BAC. Opened on OK volume and weak the first 2min. Then a pullback to VWAP. When it broke the body of the 2min candle I shorted. My stop was VWAP, but the only target I saw was 200MA-5min, but that was a R/R of 12 which is too big to be reasonable. I took too many partials then finally got a little stingy to hold to target. Price actually reached my target, then I exited when it look like it was reversing. What did I do good today? At least I held on to some shares for the target. What I am grateful from today? Shorted a stock. Even in SIM it has been unusual in the passed few weeks.
-
1 pointDay 43- Mar 9, 2020 12 Tickets 13 Symbols Red Day TWTR - Long - 1min - VWAP Trend Trade (Break and Go) Up on news of deal being signed with Elliot Management. Broke through VWAP and held above - went long as it confirmed the hold and broke out. Stop just below VWAP with target at Pre-market high. Took partial at the daily level of 32.5 break and then some more as we approached PMH. Improvement: Taking profits to early, need to hold off until profit - hit target plus some. MRNA (Trade #1) - Short - 1min - Breakdown Was watching MRNA premarket thinking potential long, but market was bouncing and money was going out of Coronavirus stocks into Large caps. Saw consolidation and wanted to play the break, missed it. Ended up short the breakdown and got a delay/Lag entry close to the bottom. Overall can't blame the delay as this was absolutely terrible play. Improvement: Stick to high probability setups rather than chasing. No R/R here - was hoping it would keep dropping without specific profit target. CCL - Short - 1min - VWAP Trend Trade (Bounce and Reject Anticipation) CCL hit hard on Coronavirus. Watching for continuation to downside, came down but held pre market levels, ended up coming up to previous pop so I shorted in anticipation of a bounce and rejection of VWAP. Had the right idea, but poor timing - got squeezed out. Good: Right idea. Improvement: Wait for the VWAP to confirm rejection rather than anticipating. Could have easily got the exact same fill just on the backside. MRNA (Trade #2) - Long - 1min - VWAP Trend Trade (Break and Go) MRNA sold off hard in AM, looking like it caught a bottom and was making its way up. Came up and consolidated around VWAP just above Mov Avg. Took it long for stop just below and target at pre market levels. Was completely off, this was a Bounce and Reject off VWAP for all day trend. Improvement: Jumped in this one a little early, need to wait for confirmation and hold above VWAP. TWTR (Trade #2) - Long - 1min + 5min - Technical Breakout (Ascending Triangle) TWTR kept pushing up to up pre-market high and previous day close, making an ascending triangle on rising volume. Took it long with stop just below previous low and target previous day high/daily level. Rejected off previous day close panicked and sold partial. Put on a range order and took off to work. Good: Using 1 min and 5 min to confirm - seems much stronger. Improvement: Took profits too early, should be waiting for the daily levels. This has to be outlined in risk management / profit taking rules. Todays Review Working on my GamePlan setups and rules right now, noticing a lot I need to work on - defined shares have been automated, need to automate my profit target that way I'm not tempted to take profits early. What I did well: using multiple time frame to confirm, has worked out well. Need to do: CONFIRMATION, wait for the trade to confirm and be an A+ setup, lower win rate but much better R/R.
-
1 pointI love it Justin, thanks a lot! Thank you guys! These means a lot to me.
-
1 pointWend is good for me as well. Lets make it Wend, if it works for everyone! Thanks guys for coming in such a short notice!
-
1 pointI 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.
-
1 pointThis 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.
-
1 point3-9-20 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
-
1 point3-2 to 3-6-20 What I did bad this week: Technical Errors: Forgot to remove a stop order and ended up in a short that I did not want Trade management could have been a little better but overall it is getting better Over-trading on 1 day Took my eyes off of charts for journal to miss a great opp Took Live Trades outside of PB#3 on 1 day What I did good this week: Respected my in trade and daily stops Got out after either stop for the day or a goal in mind and did not trade the rest of the day as planned on all days and did not Over-trade Stuck to my plan on 2 days Reading the tape well on focused days Adjusted in-trade trading plan for the current choppy market taking more partials and scalping more Changes to be made this upcoming week: Work on my Trend Scalps as Scalps and not long term Trends Rules to stick by this upcoming Week: After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day for Chat, Journal, Playbook ect. In-Trade and Daily Stops Do Not chase or revenge trade Live Only one loosing trade before 1100 Challenges for myself this upcoming Week: Only A or better setups at time of trade On mic trades only with my small group Take a planned break at 1100 to 1200 for other Bus. @ 0905 do some exercise and then meditate to calm myself Stay unbiased Notes: Rules are not to be broken, these will cost money every time My Challenges are almost as important as my Rules, Pay attention to them If I feel overtired I will try going back to bed and coming back to Trend Trades later.... Goals and Rewards: +20Rs or more at end of the month to consider trading with more size in the future two months +8R for the week
-
1 pointMarch 2 -6 Here is my weekly recap. Missed last week because I had a file error and spent the weekend fixing it. Top Three Good Trends I was able to take 2 trades per day regardless of the outcome of the first trade. My goal is to get to three trades a day where I am comfortable regardless of the first two trades. My entry process was great this week. I executed smooth and confident entries on each of my trades. I had limited issues worry about whether the trade would work or not work. My risk management was good as I was able to keep my losers smaller than my winners. I was able to remain calm during the first part of the week when I had some issues with profit taking and holding trades. By the middle of the week I was able to bring myself back to normal trading comfortably. Bottom Three Bad Trends I can definitely tell this week was not one of my best week's at managing the trade. I had some major issues with discipline and patience this week that was troubling. During the trade I was not sticking to my trade plan and was taking profits too early instead of letting them go to my plan target levels. This was the root cause of my anxiety, which lead to mismanagement of the trade, followed by poor discipline. I am interested this week to know if increasing risk correlates to a small draw-down until your mind is comfortable with the new level. Most of these mistakes or errors in my profit taking and psychology I remember from when I first was trading. When I increase risk the next time, I am going to pay particular attention to this area. As the week went on I became more and more comfortable trading. Most of the mistakes were early in the week. Focus for Next Week Taking 3 trades in a day that are good setups. I do not want to trade 3 times, just to trade. Here is the plan. Enter the first trade, set limit orders, start scanning for a second trade. Enter a second trade, set limit orders, once one of the previous trades hit 1R partial, then start scanning for a third trade. Managing the emotion upon entry and executing my plan to remain calm, so that I stick to being disciplined and patient. This week I am not going to trade the first 30 minutes live. I am going to be in sim to begin testing a new pre-market level breakout strategy for my tool box. In order to do this, I will have to take a break at 9:45 and refocus my mind for live trading. I am going to have a new display setup for the open. When I switch displays that will be the time I go live.
-
1 pointHere are my suggestions: Header: Trade With The Power of Community Sub Header: Learn, Grow, and Adapt with Us Header: Trade With The Power of Community Sub Header: Are You Ready? Increase Your Edge, Perfect Your Trading With a Community for Serious Traders Header: Trade With The Power of Community Sub Header: Traders Focused on Process Over Profit And then underneath these taglines you could put key essential points in a stylistic way, of what makes BBT special: Our Dedicated moderators Meetups Internationally, Our Resource Sharing, Etc, Etc.
-
1 pointJoin now & get a bikini calendar of all our moderators...Let's give them a sample, Andrew, Brian, Peter, Norm!
-
1 pointUsually we use some sort of old level of price action that acted as S/R in the past. With us being in the greatest fed induced bubble of all time and new highs being made every day how are we supposed to choose levels to take profits. The best I can come up with it fibonacci levels and 1/2,full dollar amts. Sad thing is that I already use my fibs as a gage used to outlined where my 2:1,3:1,... scale out levels would be based on my stop loss as Kyle K mentioned.
-
1 pointYou can use % of ATR. So if the ATR of a stock is $2.00 and it has already moved $2 in that trade, you should start scaling out. This together with RVOL can help you know when the trend might end or slow down. When RVOL starts going closer to its average, momentum is being lost. Aside from this i can also say use whole numbers.