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Showing content with the highest reputation on 04/04/2020 in Posts

  1. 1 point
    Sometimes I want to know, "what were we looking at that day?" Instead of just saving the screenshots to my hard drive, I'll post here as well. For the days I'm in the chat room, I'll try to capture the Trade Ideas Gappers scanner as of 09:20-09:30 EST and also what the Staff posts in Alerts as their watchlists for the day. March 24, 2020
  2. 1 point
  3. 1 point
    April 3rd - Not a bad day to sit out the open. I came back to the computer a half an hour into the trading and saw how choppy it was. I ended up getting into $MU as the Market started to roll over. For some reason today was the day $MU did not want to completely sell off. I got a partial and then had a hotkey error and exited my whole position while inputting my limit order for the profit target. My second trade was on $JD when the market started to bottom out. I took it long got a partial and then decided to manage the trade differently than my plan called for. I was reward for the bad behavior as I would have gotten stopped out at b/e before it made the run up. Overall a good day to finish a rough week.
  4. 1 point
    3-30 to 4-3-20 What I did bad this week: Technical Errors: Hotkey error Trade management: Partials too soon and too many times due to fear after loosing trades, Loss focus during the trade from outside, Took too little Risk in A+ setups Over-trading: Chased on two entries, and started to trade in the first 5min Let one trade go past my stop What I did good this week: Respected my in trade and daily stops except the one Took most trades on all of the days that I was calling out Feeling more confidant in my PB#s 3 and 7 Reading the tape well on focused days Kept my losers small on 4 days Changes to be made this upcoming week: Work on playbook trades that I may need to scalp when Tape is slow or not doing what I anticipate Rules to stick by this upcoming Week: 1. 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 in SIM unless it is an A+ setup then only give back what is in my plan 2. In-Trade and Daily Stops 3. Do Not chase or revenge trade 4. PB#s 1, 3 and 7 are only to be taken Live unless Rule#1 5. Only A or better setups at time of Live trade Challenges for myself this upcoming Week: On mic trades only with my small group if available Take a planned break at 1100 or 1200 for other Bus. @ 0850 do some exercise and then meditate to calm myself 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 Goals and Rewards: +5R or more for the week to increase size. +3.6R for the week +32.4R for the month +4.1R to start April
  5. 1 point
    Today, again, good job sitting and watching the first 5 minutes, I actually didn't see anything I liked once that 5 minutes hit. I didn't trade until 7 minutes in. I still had a few "No Strategy"ish trades, but better than yesterday First trade was TWTR, I thought I was getting a 1Min ABCD, entered at break of prior candle, with stop below VWAP. It failed. When it immediately got bought up below VWAP, I thought it was still a good idea. Entered at the same price, got one partial and stopped out at BE. Uber, I traded UBER well yesterday, I traded it horrible today. My first entry was late, my add was late. I tried short again right after I was stopped out when it dropped below VWAP and MAs again. As you can see, the dotted pink line was acting as support. So this was a bad trade idea. I then flipped long after getting stopped out, no real reason, just an emotional trade. Then I got in long again and got some decent partials. The last long I entered and immediately had doubts because of the 200sma. I thought "This is going to be resistance and and up being a double top. So I just exited the trade. The only good thing about any of these UBER trades is the last one, I realized I was just guessing and not trading and I exited, I also didn't just flip to short because of the double top/200SMA like I do sometimes, I realized I was trading like crap and stopped. The trade did end up running up close to .50 or so, but I'm still glad I wasn't in it, because It very well could have went right back down to VWAP instead of moving up. MU, when I'm down, for some reason, I look to MU or AMD thinking I can just watch the spy and trade one of these depending on that. I chased this MU trade. It was too close to VWAP for a good R:R. I got a partial but still not happy with this trade. When it broke VWAP, I shorted again, got some partials, but I'm supposed to wait for a re-test of VWAP before shorting this setup. ZM, then when I'm close to max loss, I look for big moving stocks in hopes of digging out with one big trade. This is a bad strategy. This was another chase, I should have entered close to VWAP or passed. I was waiting for the break above the prior candle, turned my head for a bit and missed it. I should have passed instead of chasing it. I am very disappointed, but not discouraged, I am committed to fighting my demons and overcoming my weaknesses while building on my strengths (once I find some). Thanks BBTFamily
  6. 1 point
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