Stock: DKNG Result: Basically break even after 2 entries. Strategy: Fallen angel Why did you take the trade?: The first trade I took because I saw the stock plunge then bounce off a support level and became convinced it was about to pop right back up. My FA criteria were met, at least. I didn't want it to go without me so I jumped in. This was FOMO in absolute bags, and the first entry was terrible, leaving me with a dreadful R:R. What happened next?: I stopped out as the price fell back towards the support level. I had to stop out. I shouldn't have been in from the beginning. I waited and saw the price hold support, and after seeing a triple bottom I went back in. My second trade was better and made back the loss from the first. How did you feel after taking the trade?: I don't remember exactly, but I'm sure it wasn't so great. I sort of remember being aware that I wasn't fully in control of what I was doing. Strange sensation. What did you do well?: Stopped out first time. Waited and went back in second time with a better entry. What can you improve on?: Accepting that sometimes I'm going to see these trades and they're going to go without me. I also need to begin to develop strategies for later in the session. My mindset right now is, 'the FA only happens at the open, so better get in or you might miss it and not trade at all!' - this is obviously not a healthy mindset. Having a plan for later in the session will make me happier to miss out on these earlier trades.

Check this nasdaq screener, you can get a csv file and import it to DAS Trader watchlist(s), just be mindful of DAS max limit of 1K tickers. Then every morning sort by gap ($ and %) and volume to find what is in play. https://www.nasdaq.com/market-activity/stocks/screener

I recorded NIO yesterday as a potential 5min ORB entry to go short. Depending on how tight your entry was it may have been possible to win an R or 2, however the price came up above the VWAP on the 3rd 5min candle and would have likely stopped me out, so I recorded that one as a loss. From there, as you know the price went a long way down. I record this too as a possible re-entry trade.

Pierce and Fail - Trade Book (Work In Progress) Description: Pierce and Fail is a Trend Reversal Setup characterized by a Breakout through a Major Level of Support/Resistance with High Relative Volume, followed by a change in Sentiment and Momentum back through the Level as the Trend Inventory is Exhausted and must return to Value Areas to gain new inventory. Purpose: Reversal Strategy to use both as a Aggressive Scalp Trade with strong Risk/Reward (R/R) along with potential to Trend against initial entry. Using Volume Signals to help justify Entry and Stop Loss Area compared to arbitrary concepts that are not definite. Clear Risk/Reward; Quick Trade with Potential for Large Reversal. Observation: Kept observing stocks start by forming a Morning Range; once Range was broken (and retested), stocks tend to go in search of value. Stocks that have Higher Time Frame Trends and/or Ranges may have Intraday Transitions to Levels that provide signals for Reversal Strategies with a high R/R Probability. Concepts: Levels - Support and Resistance, Areas of High Interest based on prior Price Action Ex. Daily Levels (HOD/LOD), Inflection Pivots, Premarket High/Low, Whole Numbers, etc Ranges Support and Resistance Zones defined by Price Action moving between each Zone Transitions Moving from one Range to another, defined by a Low Volume Zone between Ranges Time Frame: 30 Minutes after Market Open until One Hour Before Market Close Indicators: Extended from 9 EMA on 5 Minute Chart High Volume Event(s) at Major Level Breakout is not sustained, Level 2 and Time and Sales shows Opposite Sentiment Confirmations: Reversal Candles on Smaller Time Frames Engulfing Pin Bar Wide Range/Resting/Pierce and Fail (Name Pending) Entry Signal: Price moves through Level on High Volume Sets a High/Low of that Breakout Returns through the Level (Level 2 and Time and Sales are showing Opposite Momentum to Trend) Entry at Level Stop Loss: Slightly beyond Breakout Price to avoid getting 'tagged' Target: Depends on Trade Management Moving Averages R Targets Pivots Avoid: High Volume Events that occur through Intraday Levels on Larger Time Frames Leads to Trend Continuation against the Reversal Setup Averaging Down if Price Breaks Below Stop Loss on Volume Sizing into a larger position once a second shakeout candle forms is acceptable, but be wary that if Price goes through the initial Stop Loss without returning to above the prior, the trend can continue against you quickly

I agree with Adam that your initial trade isn't too bad. Price rejected VWAP and you waited for confirmation before jumping in. Stopping out at break even was probably your first mistake, once you re-entered it put you in a worse position. Obviously you got nervous and bailed, and if you had stopped trading here it wouldn't have been too bad. Now from the info I have, it seems that the price could easily gone your way on this one, it was definitely looking like an ABCD, it just didn't work out. You escaped this one with only a 1.4R loss, I would kinda call that a win (cause you didn't get a 3R loss!). How to prevent this in the future? It seems that one of the main problems here was indecision. You didn't have conviction for whether you should be in the trade or not. This could maybe be solved by having some clearer rules and guidelines for entering and exiting ABCD trades. This is something that I struggle with for ABCDs cause they are very subjective and open to interpretation. They are touted as a good "Beginner strategy" but there is a lot of nuance to them and I think they are harder than other strategies to have clear guidelines. Also you could have a rule, like after 2 unsuccessful entries into a stock, you are not allowed another for the day.

Ok, that makes sense. I have been using my P/L to determine when I make partials, cause otherwise its easy to take them in the wrong place. So cause my risk is $20 I have been waiting until my unrealized is $40 before I take a partial. Once my first partial is in, it is easier to visualize where your R's are.

I'm not sure it was that bad. It's an ABCD set up and having already tested VWAP and found it as support you've got a good reason to enter a position here. The initial move up to 2R looks pretty solid to me. Sure the stop is a little extended, but the initial entry wasn't so great. I'm not sure there is a magic formula, I'm afraid to say. I think time, experience and patience will get you there. Keep learning, reflect and do better next time. That's all we can do. Take comfort from the fact that your initial entry was very good (it really was) and really only bad luck kept you from cashing in.

REVENGE TRADE OF THE DAY Hey guys I just wanted to shine a little light on what happened to me today. So I initially took XPEV because it was setting up for an ABCD pattern. This was not an A+ setup by any means and I should have stayed away from it from the get-go. However, when I got into the 1st trade I was able to reach 2R. My stop -loss and R/R was not great, which was another error. I decided not to get out but i hesitated and ended up getting stopped out. Well I was extremely frustrated and tried to go back into the trade and I promptly stopped myself out. I then took the trade again in hopes that the stock would move up. I then got stopped out. Moral of the story take a deep breath when a trade does not go your way and move on. This trade was a total loss of 1.4R. What would you guys do to prevent yourselves from overtrading? Also was the RCI trying to me something the whole time?

After checking the European and US sites it appears that the fees are the same. I put below the Tiered prices, which are the same in both places. I hope this is what you meant. United States - Tiered VOLUME (PER MONTH) 2, 7, 8 IB COMMISSION PER SHARE US STOCKS, ETFS, ETPS AND WARRANTS MINIMUM PER ORDER MAXIMUM PER ORDER <= 300,000 Shares USD 0.0035 USD 0.35 1.0% of trade value 300,001 - 3,000,000 Shares USD 0.002 USD 0.35 1.0% of trade value 3,000,001 - 20,000,000 Shares USD 0.0015 USD 0.35 1.0% of trade value 20,000,001 - 100,000,000 Shares USD 0.001 USD 0.35 1.0% of trade value > 100,000,000 Shares USD 0.0005 USD 0.35 1.0% of trade value

Sean, I had the same exact issues you are listing above when I tried to use my MacBook Pro with Parallels. It works great for all other windows software but it just does not play nice when using Das Trader Pro with multiple screen and multiple Montages. When I was using just one screen (the laptop screen) it was more stable. Once I added other screens it just didn't perform well. The default template would sometimes not stay on the multiple screens so I would have to set it up to fit correctly. In rare occasions the software would freeze or not respond. Once this happened several times when I was on the simulator, I called it quits. I did not want to go live with a system that was not stable. My suggestion is to invest in either a PC or a laptop. PC are cheaper and give you more bang for your buck, easier to set up multiple monitors and easier upgrade in the future. I took some of my capital I had saved up for trading and invested in a good PC system. Hope you find a good stable system! One less thing to worry about when you are 100% focus on trading. Carlos M.