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Have you been tracking your trading just like a live account? I also "thought" I was doing well in sim, but I was not tracking anything, not my win %, not my strategies, not my daily and weekly "R"s, nothing. I bled my account for three months. I then went back to SIM for a full month and tracked everything like I should have been doing all along. I should have gone back to SIM after my terrible first two weeks, I didn't really have an edge at all. If you haven't been tracking your trading and you do still decide to go live, set hard stop daily limits with your broker. Trade with small size. If you do struggle the first week, don't be afraid to go back to SIM and track your trading to build your confidence back up. Also only trade a few setups, don't enter trades just because they look good. You may also want to mute the chat at the open, it can be very distracting. Good Luck, and don't be afraid to ask questions here or in the chatroom.

Friday - August 07, 2020 Futures Watch /ES has shown the 'Alternate Thesis' where we have moved well past the VA High 3285 and continued squeezing higher, leading to a rally and shorts covering. I marked 3337 as a possible target is this scenario, which we have achieved, so by normal conditions, we'd expect a slight pullback after achieving this target from 'afar'. However, because we're in this mode, we will continue to observe signs of continuation higher and more upside until we at least lose relevant areas like the high volume node around 3200. 10D 30M Chart /NQ also remains above the VA High 11020, finding support in yesterday's session at the prior highs and rallying away into 11280 for a strong trending session. Alternate Thesis states we may continue to see upside, but we are in a low volume area with support down at 11100. Be careful of low volume pockets below around 11500. 10D 30M Chart /RTY remains well above VA High around 1505 and building value around 1540. Because of the consolidation, we may see the VA Range move higher in the following sessions. Similar to the other markets, we remain in Alternate Thesis mode where we can continue higher, but a loss of this area around 1530 should lead to a steep decline through the volume pocket and back to the VA High area. 10D 30M Chart Premarket Review at 9:00 ET Interesting Futures: Silver had a steep pullback, but is remaining strong up 1%. Volatility up 1.6%, with the VIX elevated to 3%. Natural Gas also strong up 1.3%. Crude finding some buying volume near 41 support. Bonds flat. Dollar index support at 92.50 tested twice. Premarket Sectors at 9:15 ET Strong Sectors: Normal strong sectors on daily if we bounce, but most sectors opening slightly lower, so no standouts. Weak Sectors: Home Builders/Real Estate down over 1%, along with Financials down .5%. Waiting to see how markets react overall and if we get a reversal. Things to Watch: $RKT - New IPO with high volume and good price action, strong in premarket. $SPY/$QQQ - We're strong overall, but moves such as these tend to end in exhaustion and a sharp decline. We can either squeeze higher (should be quick with shorts covering) or fall quickly (longs and hedging kicking in to bring us back to value).

LOL, I always say "awesome is not necessarily good"...definition is extremely impressive, or daunting; inspiring great admiration, apprehension or fear. talk about some revenge trading in action...exhausting for sure. I needed that, got it out of my system at minimal loss and on TOS so commission free.

2020-8-4 Placeholder Motivation & Thoughts Placeholder

August 7th 2020 the Morning's Trades, with DKNG, PENN, and ROKU Mostly HOD Breakout plays. The PENN trade was based off a continuation of yesterday.

Thursday -0.69R 6/9 How Many Winners Made 2:1 4/6 How Many Winner Made 4:1? 1/6 I had two winners today that should have been bigger, but I guess since I was in another trade my buying power was not enough to risk $10, so one risked $2.30 instead and another around $5.00 instead. ATVI 1MinOrbUp -1.16R I'm ok with this trade, I determined 87 as good level to go long if it tested it and couldn't break down in the premarket. It came down twice and tested VWAP, so I entered after the second test and break above big VPB bar, trade didn't work out. FSLY.1 1MinOrbUp +0.11R 2:1? NO 4:1? NO This was a bad trade, my stop was below VWAP, so R:R was way off. FSLY.2 5MinOrbDown +0.26R (should have been 1.06R, only took 2.30 risk instead of 10.00) 2:1? YES 4:1? NO DIS.1 5MinOrbDown -1.0R DIS.2 5MinOrbUp +0.25R 2:1? YES 4:1? NO DIS.3 BO Up @ Level Revenge Trade -0.44R MSFT LightningBoltUp +0.67R (Only risked 4.48 instead of 10.00, so should have been 1.4R instead) 2:1? YES 4:1? YES SQ BO Up @ Level HOD +0.13R 2:1? NO 4:1? NO DKNG BO Up@ Level HOD +0.55R 2:1? YES 4:1? NO This was a bad trade, way too extended from VWAP and 9 on 5Min. because of that I got cold feet and took half my position off after minute and a half. I had two bad trades today, but I thought I traded worse than that. Some bad timing with my buying power issues, cost me 1.4R. So this should have been a green day. I'm going to have to start checking available buying poser before entering a second trade I guess. I bought some hand exercise squeeze balls today so i can keep my hands busy while I wait for 2:1 partial.

DAY – 12 (8.6.2020) Trades: 2 (Red 3.5X Goals) Symbols: 2; 4 (DT: BA, DIS; Swing: IBM, WKHS, BA, APA) Psychology: Slept poorly, worried about swing trades. Also had a small family emergency yesterday, should not have traded today. Goal for the day: Swing Trades – Manage partials/exits and average downs according to pre-set plan. Day Trades – Look for continuation on SQ and AMD. Monitor BYND (look to trade on Friday or Monday) post earnings (8.4.20). Trade symbols on ‘favorites’ WL only. Enter trades with small position, upon confirmation of ‘move’ add to position on PB. Keep track of each trade on Daily Trade Log (action, entry $ or P-%, chart, notes). Daily Market Wrap-up & Week in Review: Earnings season continues. S&P 500 finished very strong, made an ascending triangle and broke out on high volume and never looked back. Energy down after strong positive run yesterday, consolidation. Communications Service sector lead the day with many companies reporting strong earnings with stay-at-home work. WL: DAY TRADES: BA Overall grade = C, winner, 3.2R Catalyst: Strong move in AH yesterday to $177, News on DOJ contract for F-jets (re-announced), airlines getting more bail-out money. Strategy: 1-min ORB T1: Long bias, entry on VWAP hold, SAL loss of VWAP, tight stop. P1 at 50 SMA, P2 at pre-mature/panic partial, P3 at 200 SMA, P4/5 on weakness to avoid stop-out. Trade Management: Overall, good. Practicing on DAS in SIM before going live. Need to remember to adjust SL after taking partials – IT DOES NOT SELF ADJUST. Be aware that you will essentially reverse position. NI – Still need work on recognizing L2 orders for partials, to eliminate panic partials. DIS Overall grade = F, Loser, Potential 16R Catalyst: Coming off strong earnings announced 8.4.20 and lots of volume on 8.5.20, continuation? Strategy: NONE T1: Long bias, example of how to NEVER trade. TERRIBLE, took more than 100+ fills. T1 through T5 were thought out with entry and exit strategy, got stopped out 3 times = 3SYO, failed to comply with rule. EXAMPLE OF WHAT NEVER TO DO AGAIN – overtraded is an understatement. Supposed to be focusing on learning DAS, not trading live in TOS. Trade Management: Overall, FAIL. NI – Do NOT trade when you have not strategy, do not trade NSYE stocks if you have preconceived perspective of them, I say, “I do not like NYSE stocks”. This creates BAD psychology, FEAR! SWING TRADES: IBM: No change, still holding 33% of position for the break of $130. Catalyst: 2 upgrades: Argus Research (buy from hold, $155) and Zacks Investment Research ($134 from $131, remains neutral). BA Entered position slightly below $154, took half of at $170, holding the other half for the break of $180. Today’s closing price was $174.28 and in the AH session a new high of $177.05 was established at 18:25. I like my chances for the break of $180 since the stimulus has not been announced. Will likely sell remainder of position no later than this Friday, depending on stimulus announcement. WKHS Sold 150 shares to lower my position going into earnings on 8.10.20. expecting this symbol to reach $30 but at earnings could go below my average price of $14.70, look to double up around $12. If it falls below $10 exit – currently trading this on ‘house money’. SAVE Still holding with average price above $20, poor decision to buy and hold overnight on parabolic move (daily chart) back in early June. The upside is that SAVE is one of the strongest airline stocks in the current climate. Their cash burn rate is significantly lower than other airlines and their niche of catering to domestic vacation travelers should help them come out better once a COVID vaccine is announced and airlines get to flying again. I like SAVE for a hold until the end of 2020 (depending on November elections). APA Still holding for move above $20, entry below $10 (5.14.20). As a former O&G engineer I ‘know’ (speculative) that Apache is one of the best companies in their industry, with clean P/L, low debt and strong potential based on diversity of assets – onshore and offshore, domestic and international. Final Review: Goal for Day: 2/9 - FAIL 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries - FAIL 4. Only trade the symbols on your WL - FAIL 5. Trade without P/L on screen or in mind – FAIL 6. On green symbol stop trading it for the day if lost any amount of green P/L – FAIL 7. 3SYO – FAIL 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – FAIL 9. Keep track of each trade on Daily Trade Log (action, entry $ or P-%, chart, notes) – FAIL #5 and #8 are game changers for my confidence and trade management Things I did well: Nothing. Upside is I haven't traded like this in over a month and I was cautious enough to lose my max loss only. Things I did poorly: Traded on a day with bad psychology following an emergency event last night. Over traded. 100+ fills on $DIS – UNACCEPTABLE.