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2020-8-10 <SIM> Disappointing day as I got out well outside my playbook and started experimenting. Although I am in SIM I need to practice like I am live. "Practicing" can be done after the day is closed or in Replay. A little off in the morning, got up early and ready to rock. I reset my Internet thinking it would run faster when it came back up, but it took over 20 minutes to resolve the connection. TRADE 1 $NKLA ABCD +.30R Didn't take any 1 minute or 5 minute ORBs today, nothing seemed clean. Thought I may not enter any trades which in hindsight would have been a better plan ! I thought $NKLA was setting up for an ABCD pattern. Although I caught an up move it failed overall. Got lucky, but started the day green ! TRADE 2 $FL 15 Minute ORB -1.21R One of my goals today was to start taking 15 minute ORBs. Looking back there have been some huge moves on this strategy. Although I took one here on $FL the strategy was poor. No confirmation on other time frames and really on the shorter time frames it was in an uptrend. Good lessons, ok with this one... TRADE 3 $NKLA Descending Triangle -1.03R Descending Triangle ? That is not in my playbook ! Need to save these for practice. The pattern on this was just screaming at me so clean. Not really sure why it failed. My only theory is it did not break the pattern with high volume. Probably took me off my mind-set more than anything. TRADE 5, 6, 7 $AAPL TRADE 5 Momentum trade as $AAPL crosses the 9&20. (not in playbook) TRADE 6 $AAPL -1.03R Support & Resistance trade at a daily level Poor trade. Revenge trade. No confirmation candle. TRADE 7 $AAPL -1R Tried to call a reversal. Obviously I am trying to find an excuse to make a trade at this point. Time to walk away from the computer ! Conclusions Poor execution day... Lesson learned. Better day tomorrow and looking forward to a better week ! -3.35R for the day.

Hey everyone My name is Kisha. I live in the US Virgin Islands, and own an independent Pharmacy How to Day Trade for a Living was recommended to me by a friend after him hearing me talk about my interest in day trading. I have recently stepped out of the pharmacist role and the business can run on its own without me being there 100 percent of the time. I think I am ready and have the time to dedicate myself to learning the craft. Day Trading is something I've wanted to do for quite some, but opening and running a pharmacy did not allow me the time needed. I would like to know where to start and steps as a beginner I am SUPER excited to learn anything and everything needed to be successful in day trading. Kisha C.

Always great to have a day like this. Keep an eye on the level 2 on stocks like $Z, they tend to have a larger spread and near the open it's REALLY easy to get not that great of a fill. Nice job! : )

DAY – 13 (8.6.2020) Trades: 9 (Red, -0.5x Goal) Symbols: 4; 4 (DT: JPM, RKT, AMD, WDC; Swing: IBM, WKHS, BA, APA) Psychology: Slept well, started morning relaxed and ready. Rejuvenated confidence after yesterday’s silliness trading. Goal for the day: Day Trades – Look for continuation on DIS, BYND, PENN, VXRT (all post earnings). Monitor BYND (look to trade on 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). Swing Trades – Manage partials/exits and average downs according to pre-set plan - no changes. Daily Market Wrap-up & Week in Review: Earnings season continues. S&P 500 finished very strong, made an ascending triangle all week and broke out of important high set back on 1.22.20 ($333). On my daily analysis chart, the SPY is getting a bit extended from the 20 SMA, not healthy. Look for PB before going to test YTD high of $339. WL: DAY TRADES: AMD Overall grade = A, winner, 1.8R, 2.6R Catalyst: Quite extended after major run up, looking for Friday sell-off. Strategy: 1-min Falling Angel, Bottom Reversal PB T1: Short bias, entry on large wick (toppy) candle, added to position on PDHOD hold, 4C stop-loss, P1 at VWAP, P2 at 200 SMA, P3 at 200 SMA after PB, P4-P6 on last exhaustive volume candle before reversal. T2: Long bias, first two entries were early – good bail. Left symbol to watch JPM trade. Entry was later than I wanted but good on PB to 200 SMA, P1 of 50% at pivot point break-out (partial to large), P2 of 25% at VWAP, P3 of 25% at toppy candles and PB on SPY (target was daily level at $85.19). Trade Management: Overall, pretty good. P1 was too large, need to recognize that SPY was ‘popping’. Good entry with tight SL since I had been watching and expecting bottom reversal. NI – After leaving trade due to stop-outs, remember to keep watching it for your set-up. RKT: Overall grade = D, Loser, 13R (was negative P/L from previous entries) Catalyst: 8.6.20 IPO, strong move up on IPO day, continuation Strategy: Climactic Reversal Long bias, attempted multiple entries and stopped out trying to catch a big move up on previous day momentum – all failed. Recognized this and started waiting for reversal, couple of entries too soon, stopped out. The yellow represents exhaustive volume and wick candles to pay attention to. T1: Entry too early – stop-out. T2: 50C scalp on engulfing candle. T3: entry on bullish engulfing PB, P1 of 50% at VWAP, added 100 shares on PB at 9 and 20 EMA on 5-min, stopped out. T4: entry after exhaustive volume on indecision and hammer (see 4th yellow box), P1 at 50 and 200 SMA cross, P2 at 100 SMA/VWAP, P3 at pre-market high, stopped out. Tried another entry – failed, stop-out. Trade Management: Overall, forced too many attempts for IPO continuation, need to recognize that big move happened in the pre-M. good recognition of exhaustive volume, poor recognition of reversal. NI – RECOGNIZE that when stock makes strong move in pre-M it is less likely to keep going higher. JPM Overall grade = C, winner, 6.5R Catalyst: Nothing specific, banks trading higher today, JPM is on my favorites WL. Strategy: Bottom Reversal T1: Long bias, took a few entries too early that failed – SPY was chopping around. Entry on daily level hold, P1 at daily level, P2-P5 at daily level ‘chop’ (premature or good decisions?), P6 at L2 recognition of big ask order at $99.25. T2: took quick short scalp from HOD to 9 EMA. Trade Management: Overall, pretty good. P1 was too large, need to recognize that SPY was ‘popping’. Good entry with tight SL since I had been watching and expecting bottom reversal. NI – Wait for better bottom reversal entries and wait when a stock is trading on SPY and SPY is chopping around. WDC Overall grade = A, Loser, Potential 2.2R Catalyst: Missed on Earnings, multiple price downgrades, sold off -16.12% on 8.6.20 Strategy: Bottom Reversal T1: Long bias, entry after exhaustive volume, indecision and hammer. Trade Management: Overall, pretty good. Set it and forget it trade. NI – Waiting for bottom reversal to finish its move down before entering trade. 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. Still holding some for the break of $180. F-15EX DOJ contract awarded, worth $23.4B, obligated funds are ‘only’ $650MM. I might hold this one for 3Q earnings. 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: 7/9 - PASS 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 - PASS 4. Only trade the symbols on your WL - PASS 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 – PASS 7. 3SYO – PASS 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) – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Recognize yesterday’s total fail and clear mind for new day. Last nights preparation and thought for ‘what could happen today” was good. Recognized that AMD needed a PB. Patience with JPM on consolidation before mid-day ‘pop’ on trend day. Things I did poorly: Still need work on recognizing L2 orders for partials, to eliminate panic partials – recurring issue! Early entrances on bottom reversals, still need work to recognize. Major observations to work on: Bottom Reversal o I want my entry below the daily level o When I think its time to enter, it’s still too early – wait.