@Michael Sanchez Oddly enough, I have this exact thing marked for my reference - Thor's "How to Setup and Use Fixed Risk Hotkeys" webinar, around minute 24 😉

Matt - When you added to your position, what did you see that made you think that the price was going to continue higher? Sanchez - I would of done the same thing Matt suggested or a little above the purple EMA. - I wouldn't beat yourself up too much about not holding on longer. There are two hammers one with high volume as well as increasing volume with increasing price action. Also the price action was being supported around the 42.43 area.

One thing I have learned recently, is to be really careful of taking ABCD's after a significant reversal. ABCD's are a trend continuation pattern, so you need to really make sure that the new trend is strong if you are going to go with it. I don't see that in this case.

I agree. I should have waited a little longer. Especially, on Fridays when stocks have a difficult time choosing a direction.

I made a similar entry to yours with AMD thismorning - not waiting the full 5mins and entering on the 4th candle so I could take my position close to VWAP. My one turned out better a little better than yours, but not by much. This trade could have easily worked out better for you I feel.

AWESOME work man! I love using fixed risk hotkeys they make trading so much easier. I have been hearing a lot about the freeroll button but do not really understand it. Is there a webinar where Thor explains it by any chance?

My adventures with Intel today. I had a failed 5min ORB (-1R), A successful ABCD entry that was ruined after an add (-0.5R), an early re-entry where I seconded guessed myself and got out (-0.25R) and then finally a successful ABCD re-entry (+2.25R), which left me with a net profit of +0.5R. Next I have PLUG. It's not the nicest looking ABCD pattern in the world that's for sure, but it worked out for me, even though I originally bailed and had to re-enter. I also thought we were going for another ride at 10:15am, but got stopped out at break even. Risk $20, P/L - $47.62

That's to bad man, this was a solid entry in my opinion. This could have been a VWAP reversal trade from Peter's webinar. He would have entered exactly where you did but with the stoploss at the top of the body of the last 1min candle. Also for 5min ORBs I've been told for short positions to not put your stop right on VWAP, but just above it, and it makes sense because I have seen it again and again where the price pokes it's head above VWAP just for a second before popping back down.

Date: 1-22-21 Stock: INTC Strategy: Double Top Long/Short: Short Entry: 58.97 S/L: 59.10 Risk: 0.13 -Stopped Out- by .01 cents Plan of attack: In terms of entry and exit= winging it, none. Why did you take the trade?: - FOMO on the double top. How did you feel after taking the trade?: - Frustrated. What did you do well?: - Stuck to my rules of -2 in a row and all out at -3 total. - Managing risk. Even though I was -3 I am still green for the week. What can you improve on?: - STOP being hesitant. - You need to be thinking one step ahead of the price action. Its like racing, you need to be looking/ planning at what is ahead of the turn, not at the turn itself. Chart: 1min,5min,15min

The price had pulled back to the 9ma on the 1min chart. During this pullback the price dropped down and came up twice. Once it started to move up beyond that level I decided that, based on the way the stock was moving it was a good bet to add here. Like I said the way this stock moved was like no other stock I've traded before, going up so clean, and incremental like that. To be fair it was a very small pullback, and with the stock so extended it was kindof a risky add, that in the end didn't really increase my profit much. Thanks, I only started adding to my positions this week, so there maybe some luck involved. I use the freeroll button on the fixed risk hotkeys, not sure if you guys are using fixed risk, but this definitely simplifies the process and keeps your risk at 1R throughout your trade. The hardest thing is probably getting into the larger trends, before they become larger trends. Of course there is an element of luck to this, cause you don't know which will be the larger trends, but it seems to me that identifying trends EARLY is the secret to success. That point was made loud and clear with me missing the initial move on Ford today. By getting in early you can then then add on a pullback, which is where you would get in if you arrived mid-trend. I just think of adds as another trade, but your sharing the risk with your already successful trade, and your chances of success should be higher because you've been watching this stock like a hawk for the last 20 mins or whatever, you can see how it's behaving and you have had plenty of time to think about it. Those are my thoughts for now, but yeah don't think I'm quite ready to give a class yet, but happy to share more learnings and ideas that I have as I go along.

This was an amazing ABCD pattern. You should give us a class on adding to our positions. That is a really tough thing to do. Great job!!!!

Ford was on my watchlist today. I did a few trades early. The ORB wasn't too bad, it just didn't go my way. The ABCD was stupid cause it was going against the 60min trend which was STRONGLY bullish. Somehow I missed the huge run in the middle, but had a good entry after a pullback. Check out that price action, haven't traded a stock that behaves like that before. The add was optimistic, but didn't lose on it. Then finally I thought the price would continue to go up after the big pullback. There are probably more signs to why this was a bad idea than what I recognize, but you can clearly see a reverse ABCD and a head and shoulders pattern. The price had crossed ALL THREE MA's on the 1min chart, and had broken the 9ma on the 5min for the first time in an hour. Anyway my net P/L for all for trades was -$14.91 which is 0.75R. I learnt a lot but the biggest learning for me here is WATCH MY DAMN WATCHLIST BETTER, so I don't miss amazing moves, sheesh.