Leaderboard

March 26, $CAKE Took a trade on $CAKE in the afternoon. Got a good entry off the HOD and was looking to get back to VWAP. Everything was looking good and then some strange price action came in and stopped me out at break even. The wick candle you see happened in about 1 second. Quick pop filled me .20 cents above my break even and dropped right back down. Ended the day green so I won't too much but that did not make me happy.

3-26-20 AIS 0800, 7 hours, 7/10 PAT: Trading outside of my PB#s 3, 7 or opportunity scalps Arghh... Over-trading, taking scalps outside of my playbook costing me money Charts do the explaining Cons: over-trading, took plays outside of my playbook Pros: Got a great entry on my PB#3 first trade Rs: -1.8R

Thursday 03/26/2020 I had a well-being score of 7/10 this morning. I took 1 live trade with MU My watchlist: AMD, MU, DAL, F, CCL, and BA. My main goal for today and tomorrow is simply to stay within my max loss. Tomorrow is the end of the month (I always end my month on a Friday). I am above my 20R goal for the month and if I max loss today and tomorrow I will still be above 20R. There has been so many months, in the last 2 years, that I give all my profits for the month on the last two days. MU was already ~+5% in PM on good earnings. SPY has been powering higher during the PM and MU was respecting the $45 level in PM. MU opened weak Bounced off of a 44.40 level and had two large asks just above $45. I went long as it passed VWAP. HOPM (45.50) was my target with the bottom of the candle as my stop (with slippage). My first partial was just to reduce risk. Sadly I took a small second partial, since I thought it will break higher now since it broke the $45 level. Price then dropped below VWAP where I was S/O I then took a SIM trade on F and got chopped up really bad. What did I do good today? Took a partial to reduce risk when MU was acting wild. What I am grateful from today? Didn’t blow up my account. I am thinking of even just trading SIM tomorrow since I already reached my goal for the month.

Day 55 - March 25, 2020 44 Tickets (Major Overtrading) 7 Symbols Green Day Watchlist: SPY (Trade #1) - Short - 1min - Technical Breakdown Initial thought on SPY was ABCD, looking like it was working until it broke through VWAP and no sign of buying. Broke previous day close took it short after it failed to retest and hold. Target was pre-market level, Seemed a little extended from the top Good: Not holding bias, wanted to go long but setup didn’t present itself to I went short on the breakdown. OXY - Short - 1min - Technical Breakdown (lvl 2 wall at 10.42) OXY forming descending triangle at 10.4 trying to break 10.4 wall on lvl 2, confirmed with oil as it was breaking down. Expectation is to take out the bottom and fall through. Dropped through 10.40 without any prints and held - took partial off wanted to see it work right away. Buyer came back and took it up to my physical stop (top ticked). Improvement: Thought I had good confirmation with oil and Lvl 2 but Need to do more work on reading tape. ROKU - Short - 1min - VWAP Bounce and Reject (sub setup: ABCD) Took ROKU short, both ROKU and market were coming up to VWAP, took it on confirmation of failure to hold, and made lower low multiple times. Took partial off as Spy ripped up but ROKU dropped, thinkign it might follow, kept the rest on as potential weakness relative to SPY, adjusted stop to just above previous VWAP pop - hold for this to trail down to LOD. Improvement: Terrible R/R on first partial - took it as I didn’t like price action. AAL (Trade #1) - Long - 1min - VWAP Break and Go Took it as SPY was breaking out. Added more as it pulled back into VWAP and held. Consolidated for a bit then started to make its way up, weak relative to other airlines (watching DAL). Took of partial into previous high in case it rejected. Had volume but failed to breakout, and seeling volume picking up sold another partial leaving rest to ride. Stop loss oversold and went short as I didn’t adjust it, covrred right away. Improvement: Seemed weak relative to sector - have to be careful as it kept rejection to break. Need to find a way to adjust stop rather than manually doing it. BA - Long - 1min - Technical Breakout Watching BA strengthen as SPY moved it. Looked like potential double top, with highwe lows being taken out on 1. Double top came and broke MA's instead of shorting I ended up going long on the breakout (FOMO) went again my own plan and paid for it. Improvement: Had a short idea, which would have worked out. FOMO'd hard and went long instead. Also adjusted stop as I didn’t like price action. DAL (Trade 1 and 2) - Short - 1min and 5min - Double Top SPY and DAL took a big rally and brought DAL up to daily level, yesterdays level held very tightly on DAL so I thought they would respect them today. Looked like it topped right at the daily level and came back down, failing to bounce back. Took a short thinking this was the double top. Stopped out. New high and then came back down, consolidated under the daily and couldn’t break back above - selling volume came in so I shorted as it broke consolidation and MA. Fake out and took me out again. Improvement: Careful chasing double tops on stocks that are moving 20-30% up - can always go higher. Could also be getting much better fills closer to the levels. MID MORNIG NOTE - my entries aren't great - need to fight for price. Leaving myself exposed with wide stop, small size and requiring a huge move in order to have a decent R/R. AAPL - Long - 1min - Breakout (Overtrading) SPY making highs and I just wanted to get in to join the action…not great R/R here as HOD is nearby would be taking profits into that level. SPY also coming up to potential rejection on daily. On this strengh it shuld be moving in my favor right away buts its not. Got stopped out. Improvement: Quite extended taking it long into HOD hoping it would rally. Chasing… SPY (Trade #2) - Short - 1min and 5min - Double Top SPY looked like double toped and selling volume accelerated, failed pop had no strength - short as we rejected off the MA with a doji. Worked out right away and took partials into previous levels which acted as support. Left final partial and took it off as it broke 20EMA on the 1, and made a new 5 min high. Good: Waited for nice confirmation here with volume coming in, and MA cross + reject. AAL (Trade #2) - Short - 1 min - VWAP Break and Go (-1 for not using risk hotkey on the scale in) Was waiting for airlines to turn, and AAL was weaker than DAL so I took it short as it broke VWAP, tested and failed to hold. Consolidated above VWAP and almost took me out. Dropped back down, on selling pressure and thought this would be it for AAL. Bounced off VWAP - rejected with bearish dojis on the 1min. Dropped below, and failed to break again so added on to my short. Ended up moving up from there and taking me out. SPY (Trade 3 and 4) - Short - 1mind and 5min- Double top and add on failed pop SPY starting to look weak into the close, pushing up but failing to make highs. Took it as we saw some selling volume pick up and broke the MA's. Stop was pretty tight just above consolidation. Just about took me out and didn’t like price action as candles made higher and higher lows on the 1. Took partial off. As soon as I did market went into a free fall with no moves up at all. Sold partials into MA and another partial into previous support, intention to add on failed pop. Didn’t give me a chance till close with a nice failed pop into VWAP for a quick scalp. Improvement: Honestly not the best setup here, could have easily went against me. Should have been shorting into the break of consolidation rather than coverting the first 2 timnes. No need to be covering my first position - what is that, why getting scared??? AAL (Trade #3) - Short - 1min - VWAP Break and Go Still had the thesis that airlines would selloff into close, perfect opportunity as SPY got absolutely hammered. Selling came in, and held just under VWAP, at previous support. Failed to hold VWAP and broke down on heavy volume - took it short and took partials all the way down as volume tapered off a bit, left final partial on for retest of MA. Good: Took advantage of opportunity and full market sell off, and stayed with my thesis after getting stopped out a few times on AAL. Todays Review: Only reason I'm green on the day due to a major drop in markets into the close - got lucky. Poor performance in many different areas. Chasing the action way too much. Creating a list before and barely even watched the cruise lines today - they have been very good to me, and completely ignored them as I was busy going from one symbol to the next. Analysis paralysis. Noted that my entries tend to be pretty poor, causing a wide stop loss therefore smaller size (using hotkey for $ calculated risk per trade). Need to fight for price. Need to find 3-4 symbols, plan the trade and then trade the plan. Rather then jump around randomly. Daily Report Card 1. Only Take trades using risk calculated hotkey = 11/12 2. Placing trades with defined risk, and profit targets = 8/12 Poor job on the report card. Overall just wasn't there today. Felt like a chicken with its head cut off.

3-25-20 AIS 0805, 7.5 hours, 7/10 PAT: Only PB#s 1,3 or 7. No over-trading. A+ setups only. PB#3 Live only BA PB#1 Using PM L2 and Daily at 14.00 went long on the bounce. Partial I tried at top of candle but price fell fast. All out at loss of 14.00 Reversed on same PM, I forgot to reset my size for my stop so it reversed the position by half size. I wanted to short it at 13.93 but missed it and was talking to my trading buddys how I missed it till I looked at my open trades LOL guess it was meant to be. Then I made a mistake when I added to the short and corrected it. Took a partial at PML and 11.75 on the stall of Tape. Added at PC took off original position. Tried another add at PML and all out on the fail. PB#7 Mistake was made when I entered in at 1030 for 12.80. As per my PB#7 I should wait for a pull back to the EMAs. This would have kept me in the trade for a long run and a bunch more profit. After this trade I scalped successfully and not so. and on to the reversal shorts. +4.8R Cons: Over-traded a bit at the end with the scalps Pros: Was able to recompose myself for a good short PB Trade: Document PB#7 Rs: +4.8R

Hey everyone, Below is the video on how to use the DAS Replay feature. Currently this feature is available on the BBT Simulation Version 5.4.6.0. Which can be downloaded at https://www.dastrader.com/download/fixes/DEMO.5.4.6.0.exe (When the feature is ready for production it will be release to other platform versions like IB, Centerpoint and CMEG.) Thank you

Thanks Justin, I tried searching the forums before posting but couldn't find anything. I have not used AutoHotKey for about 15 years, I'd completely forgotten about it. Should be able to cobble something ugly together - programming wise I know enough to be dangerous.

Mike, always impressed by your discipline not to take a trade. Hopefully I will have that strength one day.

Wednesday 03/25/2020 I had a well-being score of 7/10 this morning. I took 4 live trades with BA and AMD. My watchlist: AMD, JBLU, DAL, MGM, CCL, and DAL. I was watching BA in the PM. There was an area $152-$153 that the price was respecting but not a specific price. I was watching to see if it woud break with a L2 signal. It did make a break but without a L2 signal. Then created a strong 1min candle and then a L2 signal appeared and I went long. But now my stop is quite far ($152.91) and I took half shares since it is PM. So not to many shares taken on this trade. I did get a $2 move, but exited a few seconds before PM since I had no directional bias. Then I took 3 trades on AMD which opened weak and bounce from PDC. I shorted on the pull back with 2/3 share size in case I can get a better entry with a VWAP bull back. I was watching too intensely to add to my position as the price was approaching VWAP that I did not look at L2. There was a clear long bias on L2 telling me to exit. I didn’t see it and actually added to my position (I saw it later on my trade recording). I was stopped out about 1 min later. When the price broke all the MAs I went long and quickly took a partial then was immediately S/O at B/E for a small loss. The price just filled my S/O and went higher again and now there was a L2 signal so I went long again. My stop was 20MA with 47.91 daily level as my target. I did get a 50c move which was fine. Stopped out on the new 1min low. I probably should have waited for the break of the 9MA. What did I do good today? I kept an eye on SPY through all my trades. What I am grateful from today? 50% win rate today, but well into the green