Leaderboard

4-13-20 AIS 0800, 7.5 hours, 7/10 PAT: Over-trading outside of PB# 1,3 or 7. Trade with size on A+ MGM PB#3 Beginning of a trend. Did not make it through VWAP and the SPY looked like it was not gonna make it to VWAP also helping me out. I did take off 50% to reduce risk since this was not going fast enough for my expectations. My stop was just above VWAP. I took off 25% at 1R and moved my stop to BE and stopped out. 0.0 R AMD PB#3 +3R Cons: Distractions from other business is keeping me from good focus Pros: Took trades when called out and did a little more scalping as my attention was split PB Trade: AMD Rs: +3

April 13, 2020 These are the trades that can hurt the most. Did everything right from the entry, trade management, and profit taking, but the end result just does not come out the way you want it. $MU had a great setup for me, market was trending the direction I wanted after rejecting VWAP and then it bounced. Stopped me out. Oh well great trade just did not work. This has been a tough sample set to get through, especially with the poor trading in the beginning.

Monday 04/13/2020 I had a well-being score of 7.5/10 this morning. I took 1 live trade with DAL. My watchlist: MU, MGM, DAL, TSLA, CCL, and BA. Well I took a 5 day vacation. I didn’t feel myself lately. My discipline was really waning. I usually don’t take enough time off from trading, but at least my family’s vacation will force me to stop trading a couple times a year. Due to the pendemic the vacation was cancelled of course. So I went awhile without a break. Plus, the additional stress that of course will be added at this time, I needed a break. I was actually prepared to trade last Wednesday, but I didn’t feel myself. I didn’t even have a plan at the open. I always have a plan. I knew something was up and shortly after the open I turn off my platform and walked away for 5 days. DAL had an interesting PM. The last five 1min candles before the open all touched the 24.95 price without breaking it. SPY was also dropping as we went into the open. The plan was to go short if the price broke the 24.95 and 200MA-1min. DAL opened with strong volume. And quickly dropped below the two levels. I shorted with PDC as my target and the 24.95 as my stop. The price dropped and I took two quick partials. Then I set my autostop at B/E and was quickly stopped out. Another minute later it looked like DAL was setting up even more for a short and SPY was really dropping. So I shorted again. I know I take terrible partials, but today was ridiculous. I will chalk this up for being my first day back. But I caught a 10R move, so I usually get about half in profit. Today I got 1.4R profit from a 10R move. What did I do good today? Good use levels and watching SPY What I am grateful from today? Taking a short. I have been taking so many longs lately I am getting a bias.

Weekly stats, I only got 2 trades in this week. Mainly because the three trades I took on Wednesday were in Sim by accident. Always change your order template back after working on hotkeys. I had 1 loser and 1 winner in the live account. With sim added it was 3 for 5 this week. Top Three Good Trends I stuck to my entry plan and only took the trades that meet my entry plan. I did not give into FOMO and I was able to control my emotions leading up to the trade. Following the entry, I was able to execute my trade management routine and kept myself calm throughout the trade. I was aware of my emotions and I defiantly stood up and faced what was bothering me this week. Each and every day I got up and decided to trade even when things were not going the way I wanted. I noticed that I need to come up with something to manage the emotions after getting out of a trade that did not work. I am seeing the opportunity to find another setup afterwards, but I am not getting refocused back into the zone quick enough to capitalize. Bottom Three Bad Trends My discipline when it comes to profit taking has hit a snag. I am exiting too early and not allowing my plan to carry itself out. I am letting my emotions of being wrong get in the way I learned a valuable lesson on Thursday. The way my plan is executed, after taking the first partial is makes no sense to partial before the next 2R level or break even. It is just not worth it. After a loss my emotions are getting to me more than normal. I am not sure what the cause of this is, but I am going to have to put something in place to handle it. Focus for Next Week Actions after a loss Sticking to my profit taking plan Being aware of my emotions prior, during, and after. Remain committed to taking only setups that met your criteria.

4-14-20 AIS 0755, 7 hours, 7/10 PAT: Over-trading. Taking correct position size Note: I will trade the open only if I have a PM plan for that ticker ROKU PB#1 0.0R JNJ PB#1 -0.5R AMD PB#3 +3R Cons: Chassed the two ROKU trades (lucky to get out ot BE) Pros: Stayed in control even though I told myself I am allowed to trade the first few minutes. Did take profits faster than normal. Rs: +2.6

Great exit. I bailed too early on this trade.

Tuesday 04/14/2020 I had a well-being score of 7.5/10 this morning. I took 3 live trades with CCL. My watchlist: RCL, JPM, DAL, ROKU, CCL, and AMD. I liked the 1min indecision candle with good volume at the open for CCL. But I wasn’t sure the direction until about 3.5min after the open where it was holding VWAP as resistance. Plus I really like having the 200MA-1min in front of my trades in the first 4 minutes. It acts like a magnet. So I went short with a $12 target and VWAP as my stop. Yep the 200MA-1min was a good magnet and I got a partial in, but that was it. Then I stopped out at VWAP. I was thinking about a flip but I couldn’t tell if it was intellectual decision or revenge so I didn’t. I took a couple of SIM trades with DAL but with poor discipline and got chopped up, then I noticed CCL setting up again. I thought I missed the entry but then I heard Andrew took the trade long. But I waited to see if I could get a decent entry. About a minute later the price dropped and bounced off the $12.50 price which was respected in PM and went long. My target was the HOTD with VWAP as the stop. I got two quick partials in and auto stop out at B/E. Then I saw CCL setting up again if it could just break the HOPM. I went long again when it bounced off the 9MA-1min. But now my stop was far away (still VWAP) so my share size was half of what it was before. Then after a minute I heard Andrew said he was getting out of the trade which caused some stress since I was staying in the trade. But with my large stop I was fine staying in. About a minute later the price started to move up and made my day. What did I do good today? Traded late in the morning for me, where I found my winner. What I am grateful from today? Third times the charm.

@Angela Kuzeva Nice to read your post & see someone from Dubai. I just joined yesterday and a complete Newbie to Trading! Hope to learn more from the community. Best of luck!

Hello everyone, I am so grateful that I found BBT community through Andrew's books. I joined with the monthly subscription but two days later, I changed to a lifetime member. That's the best decision, I've ever made in my life. Hats off guys, I was hesitant to join because I am a woman and although I work in a man dominant industry , I felt shy. I don't regret even a second, I am so inspired and motivated by all of you, I am reading and listening to the videos, taking notes, join the chatroom. I am so grateful, I found BBT community. There is an incredible and valuable information here, everyone is always ready to share with others, lend a helping hand, it really feels like a family where you can honestly share your struggles, fears and joys in a safe non-judgmental environment. A little about me, I am Bulgarian, living and working in Dubai for the last 10 years. I am a regional sales and revenue manager in a global car rental company. A couple of years ago, I came across Andrew's Halam book " The millionaire expat" ( I am an avid reader ) and found out that my retirement plan with an international, well known investment company is just a long term insurance policy, presented as an investment plan, with hidden fees, closely to 7.5 % per year. I started to dive more and more into the financial markets, trying to find out how to invest my money better in order to achieve early retirement. Reading books about investments, swing and day trading made me think what actually best match my personality. At first, I found day trading not my cup of tea but after reading Andrew's books again and again, everything started to fall in place and make sense to me. I am definitely not a type of person who can handle money left overnight on the market ( I've done this and lost quite a big amount), nor I am only satisfied with passive investment in ETFs. My goal is to learn from all of you and become a successful trader over time. How long it will take, I don't know, I give myself 2 years but it may take longer but I am determined to go through the learning and practice curve as long as it takes. What success means to me, become a disciplined trader, protect and grow my equity, think in probabilities and take responsibility for my trades. Thank you for the opportunity to introduce myself and looking forward to connect with you all. Stay safe!

First day back after taking a month long swing trades . Never let a day trade turn into a swing trade, unless that is your plan. Anyway had a pretty great day on ZM, sorry screenshot is kinda lousy. After getting stopped out in the morning I gave it another go just thinking the setup was not quite ready. At vwap I went long, target was the gap fill on the daily. Then the 1 minute looked toppy and wicky, took 2 quick short scalps to the moving averages twice. The trend just seemed too extended on the 30 min and turned out it was. It always amazes me just how much respect those MA and magic daily levels have. I was scanning the multiple time frames constantly, 1,5,15,30 min and daily non stop while keeping an eye on the SPY just in case. I was using the MAs at where to cover short, and the daily levels to sell when long.

Nice day back. Congrats on the WIN....

Thanks Mark - Learning a little more and more everyday. Noon said it was going to be easy, just have to trust the process.

4-6 to 4-9-20 What I did bad this week: Technical Errors: Hotkey error a couple times but caught them fast Trade management: Took too little Risk in A+ setups Over-trading: 3 out of 4 days. Convincing myself that it is part of my PB but when reviewed it is not. What I did good this week: Respected my in trade and daily stop. Kept my losers small by taking off risk when the trade does not go my way in the time expected. Changing a Bad Rule that I implemented on Wed. after discussion with Ted Visualization with my meditation seems to work well for me Changes to be made this upcoming week: None, stay with same risk until my goal is reached Rules to stick by this upcoming Week: 1. After I call it a day by either MAX Loss, Profit Target or what I am comfortable with, only use the rest of the day in SIM unless it is an A+ setup then only give back what is in my plan 2. In-Trade and Daily Stops 3. Do Not chase or revenge trade 4. PB#s 1, 3 and 7 are only to be taken Live unless Rule#1 5. Only A or better setups at time of Live trade 6. After a losing Bad (poorly executed, out of PB Ect.) trade before 1100 I must wait till after 1100 to resume trading Challenges for myself this upcoming Week: On mic trades only with my small group if available Take a planned break at 1100 or 1200 for other Bus. @ 0850 do some exercise and then meditate to calm myself Notes: Rules are not to be broken, these will cost money every time My Challenges are almost as important as my Rules, Pay attention to them Goals and Rewards: +6R or more for the week to increase size. +2.9R for the week

Video file uploaded to Google Drive and sent to @Abiel

Andrew said, make a video, photo is not enough, we want to hear your Russian accent. ;))) Made a 4K video, but it is too heavy to transfer, so gotta lower the quality. Here is my new setup. 2 x 36'' Samsung curved monitors, Mac Book Pro 15'' 3.5 GHz i7, Logitech wireless mouse. Video_1.mov

Overcoming / bouncing back from really tough losses or losing periods Strategies for scaling up (when/how you know you are ready) Creating greater accountability: Finding trading buddies or creating your own accountability group