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Showing content with the highest reputation on 07/25/2020 in all areas

  1. 2 points
    Friday LIVE 4/4 +2.1R How Many Winners made 2:1? 3/4.....almost 4/4 INTC BODown@Level +0.84R Would have Made 2:1? Yes I'm not supposed to trade pre-market, but damn this looked too good, lol WFC 1MinOrbUP (kindof) +0.78R Would Have Made 2:1? YES I didn't wait the full 5 minutes, but this thing was ready to go. BA DoubleTop +0.26R Would Have Made 2:1? NO....but really close. I would have partialed because the 50SMA was near 2:1 Good double top / Aiman reversal. very extended from the 9EMA on the 5Min. I meant to take a partial and got all out on accident. INTC Double Bottom MA cross +0.26R Would Have Made 2:1? YES I was wanting a quick squeeze back to VWAP, I needed to leave for work. So I didn't have time for a slow move. Good way to finish the week, but I really need to fix this quick partial problem to make my daily Rs much better, This week I had a majority of my trades make it to 2:1. I feel good about my trading right now, just need to tweak that one thing. I will get there.
  2. 1 point
    13/17 winners would have made 2:1 this week. So my entries are good, it's my partialing that really needs work. I was only +2R this week, it's nice to be positive, but after seeing how many trades would have made 2:1, i'm frustrated because I'm struggling so bad to change this area of my trading. I've also had 3 strong Margaritas tonight....it is national tequila day. I'm flying home this weekend so I should be trading from home next week. I guess I'll have to buy another monitor, because I'm not going to fly home with this one.
  3. 1 point
    There's a few scale-in hotkeys on the Excel spreadsheet which can add additional risk to a position (e.g. "Add $10 risk"). There's also a few scale-out hotkeys you can use that will sell X% of the position at the current price action. I think there's also some take-profit limit order ones in there that will place Limit Orders for profit taking at certain R:R levels. You have to scroll down on the Hotkeys sheet to see any of these, so many users tend to miss them. Yes, it most likely jumped the gap. This is more common with pricier stocks because they can move wider ranges quickly and the spreads are usually larger. The value on the Excel spreadsheet that adjusts this gap is the "Order Bid/Ask Offset" .. you might want to try .10 if you're trading high-priced stocks. I find .03 to .05 works for most things under $100 with a spread of less than 0.05 cents. It's likely the STOP order in the hotkey conflicting with the Take Profit order, I don't recommend putting Stop Orders and primary orders in the same hotkey, you should do the Stop with a Trigger Order. Clear all current Open Orders, sell 10% of shares, set STOP to Breakeven at new position quantity: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.10;Price=Bid-0.05;TIF=DAY+;SELL=Send;StopPrice=AvgCost;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Clear all current Open Orders, sell 25% of shares, set STOP to Breakeven at new position quantity: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.25;Price=Bid-0.05;TIF=DAY+;SELL=Send;StopPrice=AvgCost;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Clear all current Open Orders, sell 50% of shares, set STOP to Breakeven at new position quantity: CXL ALLSYMB;Route=LIMIT;Share=Pos*0.50;Price=Bid-0.05;TIF=DAY+;SELL=Send;StopPrice=AvgCost;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.3 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+; Keep in mind, if the take-profit order fails for some reason it won't fire the trigger to set a new stop. I've never had this happen, but it's why I recommend always having a "Trigger Order", "Positions", and "Open Orders" window on your main screen at all times, so you can quickly glance to see what orders are there. No, the route is actually "STOP" the only available types are LIMIT, MARKET, RANGE, TRAILING (the latter two weren't relevant for the hotkeys at the time). I know it can be confusing for many people.
  4. 1 point
    July 24th 2020 Last two days, I totally hulked out and lost a good portion of my account. It was very disheartening. But, I am resolved to make day trading my career, so I brushed off the losses, and soldiered on. the Morning's Trades AMD was primed for a good day, so I entered pre-market for a real nice win.
  5. 1 point
    July 21st 2020 the Morning/Afternoon's Trade Took this long play after I noticed some large, stacked asks sitting in the Level 2. Happy I caught most of the meat of the move, but should have stayed a little more patient. Still, it paid for groceries.
  6. 1 point
    I know in my journal yesterday I said I would continue trading in SIM the rest of this week. Well, I said f%$k it. I went back live today. Wednesday LIVE +2.8R SQ 1MinOrbUp +0.9R I was watching SQ because the daily had formed an ascending triangle the last 3 candles, it had also tried braking this level for 5 consecutive days. I took my first partial too soon, but hey, it was my first live trade in a month, I'll get better at slower partials. I think I'm going to set up a hotkey to draw a line for my first partial (one R). DAILY TRADE FDX 1MinOrbUp +2.8R FDX had gapped up a lot on earnings, beat on all expectations. Got a good entry near VWAP after the second candle pullback. Then it was off to the races. I had some other trades I skipped, I attribute these good decisions to my improving self awareness. I'm sure everyone is tired of hearing about my self awareness, but I really believe that was the biggest missing part of my trading skills. I could always see afterwards the reasons I should not have entered the trade, now I'm aware before I enter the trade. I ask myself if this is one of my setups or not, and I can skip the trade if it's not. Before, I would enter the trade first, then realize it wasn't a setup I was supposed to be taking. Thanks BBTFamily
  7. 1 point
    Overcoming / bouncing back from really tough losses or losing periods Strategies for scaling up (when/how you know you are ready) Creating greater accountability: Finding trading buddies or creating your own accountability group
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