Really nice ABCD trade this Matt! The C and D on your chart could also be the A and B of an entirely new pattern. I'm not sure how you'd feel going straight back in so quickly but might have also helped you capitalise on the move on. I love your 5 minute chart here with 3 x ABCD patterns overlaying one another! Are you in the business of adding into positions? If you're lucky enough to find a stock like NIO which is trending like this for the day you could sit there and spend the day partialling and then accumulating before finally closing a nice position towards the last half hour. Relies on finding nice trendy stocks, but it seems NIO was a great example of this in action.

Stock: TLRY Strategy: Fallen angel Result: Loss, 0.75R Long/Short: Long Entry: 20.35 Risk: 15c S/L: 20.20 Why did you take the trade, and what happened?: The price action showed signs of a reversal. I was watching for a strong move back to the long side. After an initial indecisive opening 2 minutes TLRY sold off heavily dropping a whole dollar in three minutes. It then found support, hovering at around 20.30, and I prepared to enter. I went long as it began to rise, only to then get stopped out very quickly. I had to get out, staring down the risk of being caught in a further flush if I didn't. The frustrating thing of course is that the stock did then reverse and sure enough retraced back to VWAP and beyond. This is the critical weakness of this strategy - you need to keep stops tight, and there will be times when this happens, getting you stopped out before the trade moves your way. I need to learn to deal with this, yesterday I really didn't. How did you feel after taking the trade?: Very frustrated. This was the second losing trade of the session, the second time this set up had failed, and put me well into the red. Seeing the movement then pop up and knowing I'd have been several Rs in profit if I'd waited 10 more seconds to enter hardly helped. On reflection, I think I actually did everything right! My entry was fine, coming after support and a 1min double bottom; my exit was correct, I couldn't sit through a flush and worse behaviour would be holding onto a flushing stock in the hope it'll pop back up. The thing I did wrong here was to continue trading after a loss which clearly slammed into my psychology. I went on to double my losses by revenge trading and losing my discipline. What did you do well?: The entry and stop loss were both correct. I've no problem with those. The set up made sense, all criteria were met (a stock strong green on the day, flushed below VWAP, finding and holding a support level). Maybe not A+, but certainly an A, and I expect given the same circumstances I'd enter this position again. It's what happened after that was the issue and is the major point to learn from, because I'm going to lose trades again in the future and I'll need to deal with those as well! What can you improve on?: Following my rules. Recognising when my psychology has been negatively impacted and stopping trading. Questions?: Should I have gone back in? Surely not...

Missed the first hour of trading today, had a Doctor appointment. Nasal/Allergy checkup only, nothing serious. Again today I was very disciplined with the "No Strategy" problem. I watched all day long and only took one trade! WFC Mountain Pass I did not like the lack of enthusiasm (Volume) after the second bottom, so I took a partial at the 50SMA. then the lack of enthusiasm once it crossed the 50 was another sign that this didn't have the juice that most of these setups have. I exited before BE once it lost the 50 a second time. Here is a trade I should have taken, but when I typed NKLA in chat, Aiman flipped to it and said "Nothing is happening here". I have to remember, this is my TradeBook setup, other traders have different setups and indicators they like.....this looked good to me and I should have taken it. Would have easily reached 2R on this trade. maybe more. Aiman doesn't care much about volume, he is a candle pattern genius though. I really liked the Volume spike at the bottom and the long lower wick. then when the next low happened, another long wick. Lesson learned. Solid first week back to a LIVE account. I had one bad day of "No Strategy" but have put some tricks into place to help with that. For the week I was -0.43R. Excited to take my new discipline trading into next week. See you all Tuesday.

Hello everyone, My name is Tyler. I'm 29 years old and live in Nebraska. I'm a police officer and have been doing that for 8 years. I've always had an interest in day trading. I started off researching day trading about 6 months ago and read a lot of articles and watched a lot of YouTube videos. It took me a while before I came across the BBT Community and read Andrew's book but after reading the book and looking into BBT I knew this was the type of community and program I was looking for. I'm currently still working my way through all of the education sections and hope to start with sim soon. I look forward to meeting and learning with you all! Tyler

Second week day trading futures live. My first one and done day! We had no momentum from 11pm to 7am then a sudden drop and a beautiful pull back with a nice entry opportunity. I couldn't ask for better so I shorted with 2 contracts. I covered my first contract at a conservative one point above the "area" and placed my second limit order at what the Day Trading Academy recommends as "double the range". The price dropped and missed my order by a tick then started to aggressively pull back. So I exited and called it a week. It has been great ending both live weeks on a solid trade. Everyone have a good weekend! Rob C

Date: 1-15-21 Stock: GME Strategy: ABCD/ 5min ORB Long/Short: Long Entry: 39.42 S/L: 38.91 Risk: 0.51 Plan of attack: Take profits at 2R or more. Why did you take the trade?: I saw two things. 1) 5 min chart showed breakout 2) 1 min chart showed ABCD pattern currently in consolidation B-C. How did you feel after taking the trade?: Hesitant. I have a hard time tell the difference b/t consolidation and topping/bottoming out. Especially since the 5 min candle prior was an indecision candle I knew it go either way. But that can happen in any trade. What did you do well?: -Exiting at my profit targets. What can you improve on?: Understand the difference b/t consolidation and topping/bottoming out. Chart: 1min,5min,15min

Thank you man!!! I appreciate it.

Text book ABCD! I thought your stop out was awesome too, right at the top of the candle. You "coul.d" have stopped higher, but you might have also missed the high

Hi HC2, I took that exactly same BABA trade with the same result 🙁 A powerful hammer on a million shares volume. A good trade that just didn't work out this time. That double bottom NIO trade was awesome. I just took a screen cap of it to add to my playbook examples. Rob C