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Showing content with the highest reputation on 04/28/2020 in Posts

  1. 1 point
    Been a while since posting. Last week was a bit busying, so I didn't much extra time. I was barely able to keep up with my trading journal. Anyways here is today's trade. I took a long on $MU. I got a partial at 1R and then the price action went to my 2nd partial, but I didn't get filled. No issue, stayed in the trade for about another hour and eventually got stopped out at break-even. I should have gotten back into $MU around 2:30, but the stock seemed choppy at the time, so I stayed on the sidelines.
  2. 1 point
  3. 1 point
    Day 74 - April 24, 2020 24 Tickets 4 Symbol Red Day Watchlist: Trades BA (1) - Short - 1min and 5 min - Technical Breakout (-1 Adjusted Stop) Had a major level on BA at 133, as consolidating just under there under PoC, so ended up taking the drop (had the idea before drop but no confidence) Ended up being right in short term, if I had entry at 133 then idea panned out perfectly… 50c risk, 133.50 stop, would've had 3R into 131.5. Due to poor entry I adjusted stop and ended up getting stopped out. Continue down to 128 for potential +4R winner…. Improvement: Playing my PnL didn’t want to lose on a trade that put me in green right away. Adjusted stop and absolutely puked it….poor trade management. BYND (1) - Long - Technical Breakout (Asymmetric triangle) SPY was moving higher and stocks in play on my watchlist broke through their asymmetrical triangle, was looking for BYND to follow as it was holding above PoC and definitely has took to run to the upside. Took it long and quick partials. Left partial and and stopped out on break of POC / Descending triangle. Improvement: Potential to flip position on the trend line break, with selling pressure coming in. Also formed a minor descending triangle off the double top. BYND (2) - Long - 1min and 5 min VWAP Break and Go BYND coming back up through VWAPP, was waiting for the 2nd break of VWAP at 108.75, missed it for my planned entry. Ended up chasing as I didn’t want to miss out on a run up. Poor entry, as stop was to far away = smaller size. Proper entry would allow to partial into first pop, and stop out at B/E on cros back through VWAP. Improvement: Follow game plan on entry - 2nd cross through VWAP. INTC (1) - Long - Technical Breakout (Downward Channel) INTC has been strong all day coming up into PDC. Came back down of HOD and consolidating at MA's and volume starting to come in again. Took it as it broke down trend channel Thinking could be a runner if breaks through HOD. Took partial into the previous level and then stopped out. SPY (1) - Short - 1min - Double Top (Breakdown Anticipation) (-1 Adjusted Stop) Was on the phone, saw SPY make a new high and reject quick..took it as a breakdown after a potential double top, adjusted stop as I didn’t have a good entry. Over trading at this point, trying to force something… Improvement: No reason to be shorting into increasing buying strength, buying volume, higher highs….FOMO while I was distracted. Deserved loss. Noticed getting very impatient, trying to force plays. Did not step away as set out in my rule book. Next 30 mins (last 30mins of trading day) got really ugly. INTC (2) - Short - 1 and 5 min - Double Top INTC strong all day, but has rejected the PDC a couple of times. Was on edge at this point trying to force plays. Ended up going short into wall of offers, thinking we could reject and come back down. Entry allowed for tight stop, but quite a bit of slippage as buying power was just way to strong. Improvement: No need to be forcing shorts. Hindsight, stock has been making higher highs and lows all day. Clear uptrend, and has been picking apart at the offer multiple times at this level. After forced play on INTC widened my loss on the day and logic and composure went straight out the window, all emotional from here. BYND (3) - Short - 1min - Other Waiting for potential top, shorted thinking well drop into close. Took partials off, left half on and ended up breaking even on the trade due to the final stop. SPY (2) - Long - 1min - Other SPY dumped after a strong push during final hour. No setup, just bought hoping we would retest highs. BA (2) - Long - 1min - Other Continuing to overtrade on emotion, BA was holding that 129 level, was thinking to scalp quick right before close….market closed and I ended up buying as it spiked in afterhours. No setup once again. Look at the last 30 minutes of the day…clean uptrend. Shorting INTC into the level it rejected but HAD STRENGH ALL DAY, preparing for this move…BYND, SPY and BA all emotional plays Trade Review I noticed myself forcing the trades today - thought process was "get a super tight stop, that way IF it goes my way I will make it all back". Wasn’t even looking for a setup..was looking for something with super tight risk in order to get lucky. Incredible how ALL WEEK you go mentally strong, and last 30 minutes of the week you let all the rules go out the window. So much progress, grinding it out day in and day out and then mental breakdown. The worst part is I knew I was doing it, and still did it. Lots to learn from, overall I am happy with the week, as I did a lot of great things and forming habits. Mentally, I really need to work on walking away in order to remove this 30min period which ruined the whole week. In sports you always have to be on your game, relax for one minute and the whole game can turn around. This is exactly what happened here. Took 30mins off mentally and results were obvious. Trades Daily Report Card 1. Only Take trades using risk calculated hotkey = 9/9 2. Placing trades with defined risk, and profit targets (No adjusting) = 7/9
  4. 1 point
    4-22-20 AIS 0800, 7.5 hours, 7/10 PAT: Over-trading, Need to find shorter (time) trades as I am not able to spend a lot of time in front of my screens, or something I can set with a trailing stop. Still not much time to dedicate Traded SNAP all day and made my goal hjere was the morning trade Rs:+3.5
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