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Showing content with the highest reputation on 09/20/2019 in all areas

  1. 1 point
    Hi Rob, Thank you, Glad to be back again. Hope my time-off do wonders for me now.
  2. 1 point
    20 Sep 2019 I took 2 trades today. CRC - I took this trade when I saw harmonious charts in different timeframe. Especially in 2 min chart where it crosses above the MA. I entered into the trade without enough time to put in a stop loss. I should be have been stopped out but in the end the stock moved back up and I took a small profit. Mistake : Trading into the MA on 2 min chart and didn't put in the stop loss on time. PCG - I took this trade when I saw it sitting on the MA and WWAP. I took a long but got stopped. I took a long again and this time round, the stock did took off and I took profit from the trade. MIstake : I experienced FOMO AGAIN and did not let the winners run. The movement of the candles can be really scary.
  3. 1 point
    September 19, 2019 - Nothing I decided to trade live, but didn't find anything to trade. Nothing really met my pre-market scanner criteria, especially when $AMD only had 70,000 shares in the premarket at 5:30. I ended up with $MU and $X. I really don’t like SSR stocks at the open. I almost got short $MU at the open but it didn’t come all the way back to VWAP and I wanted it to test the 20 EMA before attempting to short it as it was really near a breakout point at 51.40. Sat the rest of the morning looking for a trade until having to go to work. Didn’t find anything. I didn’t think I would be able to trade the afternoon, as I had a meeting through lunch, but lucky for me it got canceled. Had some hotkey issues with trying to get into $SQ. I would have gotten a 1R out of and stopped out at B/E, but still would have been happy with the trade. Sample Set Results, P S S E 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  4. 1 point
  5. 1 point
    Hi all, Having a journal is a must. I feel like I have learned so much about my trading in just the 2 weeks trading live because of this journal. For anyone starting out like me, if you are serious about this business, take the time to have a detailed journal. How else can we improve something we are not tracking? I focus more on the details of the trade and what I was thinking at the time, IB has tons of report performance reports that I can pull later if I want to see the numbers crunched. Here is a screenshot and detail of my journal, I have 3 main sections on my recap: Screenshot Link: Click Here Section 1: In this section I record how I feel Physically and Mentally in the morning before I start my trading day. Comment if I was able to get my morning routine done as planned. (My mourning routine is gym, sauna, get to my station and write my Journal Intro, review previous day recap, then build watchlist) Section 2: Here I add a screenshot of my Das Trader Account Report, with the me a summary of what I traded for the day. At the bottom of the page I also have additional screenshots of the detail transactions. Section 3: In this section I track some information of the stock like float size and how I found the stock. I also note down details of the trade like the strategy, position size and details of the price action shown on the screenshot. The best part about this section is the “Well Done" and "Improvement Notes”. I read on “The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist” how important it is to track what you did well on a trade. This way your recap is not all negative but also highlighting the good things that you should continue to do. Software: Just some information on the software I use, I track my Journal on Microsoft OneNote. As you can see on the pages tab I track all my Trading stuff like highlights of the book I am reading and any training course notes. If you have not try this software please give it a shot. It has a lot of great features, syncs with all devices and is completely free. Thanks. Carlos M.
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