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Hello, my name s Lorin Stoll, I live out in the stix in southern Idaho. I have been investing since the mid 90's. My father got me into it back when we had to go to the library and read the MorningStar reports and xerox stuff to research. Been with Schwab the entire time. Sold off my Adobe stock to buy my current house. After buying the house I had about 90k left, but after the market crash due to the corona virus it dropped to 16k. Needless to say I was devastated. I decided to really focus on learning about ways to bring my portfolio back up, and decided if I could just make 1-2% a day, I would be in good shape eventually. I was successful (at first), brought my account up 18K, but then had a horrible loss of 6k in one trade. Soon after, Schwab pinged me as a "pattern day trader" and made it so that I could no longer trade intra-day. I eventually got it (temporarily) removed, but now I can only make 2 intra-day trades per week (or invest or swing trade). I have a really hard time figuring when to get out of a trade, and before reading Andrew's book I entered trades without having a stop loss. You know how that turns out! At this point I decided I better figure out what exactly "day trading" was since I was enjoying it while it lasted. I have read, re-read and then read again Andrew's book "How to Day Trade for a living" I have watched through the "Onboarding" Class and made it to Module 3 on the "Community Resources" and love them. Really helpful stuff - and I am already making Journal entry's BTW. Now I am on to Class 1 "How to Trade in a Simulator" Thank you for everything so far. [email protected]

First, so for me I classify a 5 min orb as taking a short / long anytime during the 2nd 5 min candle. So you get a first 5 minute candle close, then during the second 5 minute candle you're digging through the 1 min chart looking for an entry, but you could argue this was an ABCD or Bear Flag or support & resistance too, it was somewhat all of them. Everyday is good bro!!! 10R or max loss, your job as a trader is to just learn everyday, if you're doing that then you should always feel good. I like your setup! If you right-click the border of the top of each chart, there is an option to omit the title bar which will give you more real estate for your chart! - >

Personal: Felt great, had a good rest. A little late to Premarket show but did some meditation and read 101 daily coach. Goals for the day: Watchlist RVOL at open: IRBT - 475% NETE - 17,120% GNU - 489% OXY - 83% Trades GNUS (1) - Short - ABCD Reverse (4.71 stop - 14c) Looking weak with selling volume increasing. , but had a somewhat positive catalyst so I was hesitant - ended up taking short on the bearish doji and as it broke PM support level. Didn’t like the entry as it didn’t quite get up to VWAP and coming right into MA so took some off right away. Left half as this could be a nice drop though - setting up for a descending triangle on 4.4 break. IRBT - Long - Ascending Triangle Breakout (83.78 risk hotkey) Was watching this as it consolidated at highs around 84.5 but didn’t have conviction due to selling volume on the 1min. Ended up breaking out above PMH and holding above, chased it on the breakout thinking we could see a squeeze with a high Short Float (32%). SPY pushing HOD and strength on IRBT breakout. Improvement: Wasn’t a clean triangle, no 3 touches on trendline. Too wide of a stop - need to get tighter stop or better entry Note: Short Float 32% - was looking for a squeeze. OXY (1) - Short - Triple Top (-1 Not in Game Plan, Manual Risk entry) OXY coming up to around same level rejection of previously with buying volume slowly decreasing. Took half size looking to add once it breaks VWAP to test LOD, stopped out. Improvement: Not in my game plan - deserved loss. GNUS (2) - Long - Asymmetrical Triangle (-1 Adjusted Stop) Sold off but found support at 200MA made tripled bottom and tested VWAP, forming an asymmetrical triangle. Took it as it broke through VWAP and previous high looking to test HOD. Wasn’t too happy with my entry as I placed my stop too far - covered into pops and left the rest to run as it broke and failed to hold VWAP. Improvement: Very poor R/R due to wide stop. Needed to break HOD above 5.1 to get 2R… OXY (2) - Long - Bull Flag (-1 Not in Playbook, -1 Adjusted Stop = missed out on 5R because of it) OXY was pulling back off its highs setting up a flag below PDC. Initially thinking short, but all the selling was bought right up on - 5min candles were obvious. Took the breakout as it held above the trendline and sold into PDC quick pop. Ended up adjusting stop as SPY was turning over. Partial is good into a level, but absolutely no reason to be adjusting here…puking the trade right into support… Improvement: ADJUSTING STOP KILLED ME HERE - same old bad habit ruins the trade. Notes: .21c risk, 18.17 stop vs 18.38 entry - 18.8 2R, 19.01 3R, 19.22 4R, 19.43 5 R GNUS (3) - Short - Asymmetrical Triangle Stopped out on my long, and was looking for potential short as we broke VWAP looking for LOD break. Shorting right into the 50MA on the 5 min. Was working and saw this breakdown down, didn’t have a clear plan and chased it, just went short with stop above the VWAP break N go level - poor entry. Cover as 4.5 big bid dropped but reclaimed on large vol. and then again as we broke downtrend Improvement: Can't be chasing this - especially when I was distracted. VWAP Break N Go would have even a better entry with same stop but much tighter risk. SPY (1) - Long - 3 Bar Play 5 min (-1 Not in Playbook, -1 Adjusted Stop = missed out on 11R + because of it) SPY was looking strong, took it as it broke out from tight consolidation on the 5 min with a tight stop. Looking for it to test PDC. 1st partial as soon as it popper - way too quick, 2nd partial adjusted as lots of volume came in but failed to push, and 3rd was adjusted stop. Way too much over managing…no reason to be covering, just panicking and taking risk off for absolutely no reason. Improvement: Micromanaging killed the trade. Panic covering on all 3 partials. Notes: 302.89 stop, 303.32 entry, 43c risk, 304.18 2R, 304.61 3R, 305.04 4R, 308.05 11 R SPY (2) - Short - Technical Breakdown (-1 Not in Playbook, -1 Adjusted Stop) Absolutely no reason to be short here other than "Extended"…volume is selling after that jump - adjusted my stop instantly as I realized this was not a good trade. Improvement: shouldn’t even be taking this why am I shorting market backed on positive news and volume spike, with trump set to speak very shortly. OXY - Long - Asymmetrical Triangle (-1 Adjusted Stop) Not a great entry as my stop is super wide. Probability of this spiking up to .34 maybe .45 is high, would need SPY to go on a tear if I want this to breakout Note: Why did I put my stop so far? Could have done 19.14 or 19.09…. Put it way too far out forcing me to get a huge move. Stoped out as it curled down Trade Review Goal 1: Playbook Setups Only = FAIL Goal 2: No Adjusting = FAIL Did a big review over the weekend, and stats couldn't be any clearer. My 2 Daily Report Card goals are my 2 biggest reasons for my losses. I came into today really excited and focused, looking to stick with ONLY PLAYBOOK SETUPS and Not Adjusting stops. In order to do this I am looking to implement talking my self through every trade (did not do today). First thing in the In AM felt a little better only trading my setups (2 trades) feeling patient until I got into OXY on a triple top - no confirmation no nothing, shooting star doji got me excited and went down hill from there. Things I did well: Consistent position sizing, consciously starting to think about the setup when I put it in (not enough) Things I did poorly: Sticking to my game plan, trade management - was micromanaging positions WAY too much, not talking my self through the trade and checklist. Daily Report Card 1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) = 4/9 = 44% 2. Placing trades with defined risk, and profit targets (No adjusting) = 5/9 = 44% NO MORE ADJUSTING UNTIL A PARTIAL IS TAKEN

@tntp45 Hey man, I took a 5 min ORB today that worked out, thought you might dig it.

Hello everyone, I am Chetan Guleria from Brampton, Ontario. I am from banking background. Always wanted to do something on my own and believe this is what I should be doing, day trading. Joined BBT last week. Hoping to learn a lot from you all. And hopefully meet some of you soon.. Thanks.

Hey Peter, sorry I missed this. Although I'm guessing by now you've got everything figured out? Hey Ranaji, these would indeed sell 50% of your long or short position. The only issue is, that if you have a stop loss set, it wont update it. So if you're long 120 shares, use your hotkey to partial 50%, you'll now have 60 shares remaining, but your stop loss will still say 120. And if the stock reverses and hits it, you'll be put into a short position 60 shares. That is why I suggested the hotkeys you posted at the bottom of your message. The CXL ALLSYMB at the beginning of the hotkey will cancel any stop loss you have set, sell 50% of your position, and then reset a new stop loss (at break even) with the correct amount of remaining shares. Can I ask why you don't want to move your stop position? If you add to your position your new average price is higher. So if the stock goes back to your original stop loss position you will be in the negative.

First, don't beat yourself up if you get fooled by one like this. I have taken so many early entries like this... That red candle is just begging you to short, but there are a couple of tells that wold have made me pause. The biggest is that, when that red candle finished it still had a higher low & higher high than the one before. It also had lower volume than the ones before. Those two things would probably make me pause until the next one made a lower low (ideally with volume) which it never did. Avoiding entries like this is one of the biggest changes I've seen in my trading recently.

That point C you have marked isn't an indicator that the C is finished with it's run for an ABCD pattern. The first candle past the red candle is a hammer and the next one is a doji or spinning top. If you look at the volume for those 2 candles the first one was resting and then the second one showed an increase which could mean a run up. The wick on the bottom of the second candle shows that their was indecision and the low was higher than the previous candles low which means to wait until the next candle to see what was going to happen. I'm assuming your blue line is the VWAP and the fist line that was touched was the 9 ema. The candle right after the spinning top or doji was the entry point for a long mainly based on that there isn't a low wick to show that their could have been some resistance.