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Showing content with the highest reputation on 04/08/2019 in all areas

  1. 1 point
    Monday April 8th, 2019 Sleep: 7.5 hours. Mood: ok, ready to trade. First trade was a MA trend trade in BA. it did an engulfing crack and i waited for a good entry but i ended up chasing it after a selloff on the 1min chart. should have waited about 30 more seconds. not a terrible entry though. unfortunately, it turned out to not be a trending stock so i got stopped out when it spiked above VWAP. not a full R loss but pretty close, glad i got out. GOOD: waited for a pullback to go short. RFI: chased the entry a little bit MOOD: not happy with getting stopped out so many times in a row CONSISTENT: yes i respected my stop level. Last trade of the day was worse. i was hoping MU was going to break over $43 so i took 100 shares. this was a bonehead move, it stalled at the 200 MA on the 15min chart and then couldn't close above the 200 MA on the 5min chart and didn't make a new 5min high so i have no idea why i got in on the long side. another trade where i'm not thinking critically about the price action and just taking a position hoping it goes my way. Per my rules, only one trade allowed a day until i get a 2R winner. if i get stopped out on my trade tomorrow, i'll go back to SIM until i get a 2R winner. no sense in losing money if i can't get in tune with the markets. GOOD: got out at stop loss RFI: no setup, PA didn't call for a long. MOOD: ok, I got what i deserved on that one. CONSISTENT: yes, bad plan to begin with but i'm still respecting my stops. What i did good today: Respected my stop loss level and got out of my trades. What i did bad today: The trade in MU was really bad. What can i do better tomorrow: Have to start picking better trades. I need to wait for signals then find a good entry. Other comments for tomorrow: Per my rules only one trade allowed until a trade that hits my profit target.
  2. 1 point
    ANY means you're okay with the order partially filled. AON means 'All or None.' In other words, fill the order completely or not at all.
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