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  1. 4 points
    10-15-19 Up at 7:40 with 4 hours sleep.... SSS and a coffee..... PAT: Share Size.... Notes: A+ setups take at full share size with Kyles hot keys..... A setups about 3/4.... B+ at 1/2 and all others should be in a SIM...... ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- PINS PB#1.1 ... A setup... took about 3/4 size..... 1min ORB on a pullback and momentum to break the PML ..... Took 50% off at at 2.5/1 and out at BE.... +22.50 PINS PB#3... A setup.... took 3/4 size in three steps keeping my risk down..... my original target was LOD so I took 50% off there and then I had my sites set for 24.00, I hit my hard stop of BE.... +82.00 APHA PB#3... A+ setup... full share size.... Trending the 9ema on the 5min with an ABCD on 2min, Strong catalyst.... took 25% off at 2/1...... and hit hard stop at BE... +28.13 CGC... A setup... 3/4 size.... trending the 9ema on the 2min but a bit extended from the 9ema on the 5min with confirmation of the ABCD on the 2min, strong catalyst..... took 25% off at 1/1.... and hit Hard stop at BE.... +18.88 Cons: I feel like I should have partialed a bit more aggressively locking in profits..... Pros: Found my setups and feel like my Size compared to entries were good..... Favorite Trade: PINS PB#3 Notes: I feel like I should have partialed a bit more aggressively locking in profits..... I was trying to be more aggressive with a longer profit but should have used my targets as an all out or at least took 80 or 90%.... R = 50.00: +151.51 / 151.51
  2. 3 points
    Tuesday 10/15/2019 I had a well-being score of 6.5/10 this morning. A bit of an emotional rollercoaster today. But I feel better now. I learned a lot today. Plus, I just donated my car to charity this morning and I am getting some good vibes from that. Took 2 live trades this morning was with NVDA and JPM. I really liked both the daily and PM on both stocks. Really liked the gap between tech levels that both were sitting on. NVDA immediately had volume and found support on the 189.60 level and made a small hammer. I went long with the 192.77 daily level as my target and the 189.60 level as my stop. The R/R is too big ~7. I usually don’t do that well with that large of a R/R. But there was the HOPM 1.5R away for a good first partial. The price popped up but missed my 1.5R limit order by a few cents. Then the price retraced. By my current rule if the price moved 1R and retraces I get out at B/E. So I placed my stop order at B/E. The price came down to stop me out by 2 cents. Then the price immediately reversed and went on a 10R run in the next 7 minutes without me. My attention briefly moved to JPM where it was setting up for a 2min ORB. Then I moved back when I thought I hadn’t canceled the 1.5R limit order on NVDA. But I didn’t see anything in my order window so my attention swung back to JPM for a few seconds. But then I thought, “No I really have no memory of cancelling the order.” I looked back and the price reversed so quickly it took out my limit order and now I am shorting NVDA which is flying higher. I covered quickly for a -1.5R loss. You will also see a third trade on the chart, but it was a SIM trade (+2R). So when my attention finally went back onto JPM I missed the 2min ORB entry. But T/S were flying and I thought entering at the break of the LOTD is not bad either. The R/R is now less than 2, but the volume at that moment was great so I went short. My target was the 118 tech level with VWAP as my stop. I set my 1.5R limit order which was just above the 118 level, which was perfect. The price bounced hard at the 200MA, where I should have probably taken a partial, but I was not ready and it bounced fast. Since the move was greater than 1R I set my B/E stop. I was then stopped out by few cents. Then the price reversed and made it to my target. So two good trades both ruined by my B/E stop rule. According to the data I have collected for the last few months, stocks usually do reverse on me if they retrace after a 1R move. So I will keep that. But I need to give it more room than B/E. I tend to enter as the price breaks an important level. It is my style of trading. Which means there is a good chance the price will find support/resistance on the level I chose to enter the trade. So it is not a coincidence I keep getting stopped out within a few cents. My B/E stop hot key uses the AvgCost +/-2 cents. I added the two cents to help with the fill slide. But that makes the situation worse. So I rewrote the script and added the opposite. So a B/E sell will be 2 cents below AvgCost and 2 cents above for a B/E cover. If I had this today, both trades would have been winners. So you are probably wondering why I don’t use a range order for the 1.5R limit order with the B/E. I don’t want to activate the B/E stop until I see 1R or a bounce form a tech level. Essentially I need it discretionary. I also need the 1.5R limit order activated quickly or I will immediately start taking partials. I usually can’t help myself and take one as early as 0.5R. Once I see the 1.5R limit order I can sit on my hands better. Though not a permanent solution I am learning to be patient. Score cards (live trades). NVDA JPM 93% 85% What I did good today: I did spot and enter two good setups. What I am grateful from today? Emotionally recovered from missing a 10R run, by S/O too early. What do I need to improve on: Rewrite B/E scripts. Careful to cancel out of unused limit orders.
  3. 2 points
    21.Oct.19 Green day. +5R. Today I had a better day. I am going to keep this journal short, as I am travelling. I may not be able to trade the next couple of days. Watchlist: $AAPL, $AMD, $HAL, $YNDX. Last earning season, I did not trade well, partially due to having so many stocks on the watchlist and not watching one particular stock. This time, I made sure, I finalize only 3-4 on the watchlist and observe one at the open. Trade1: $AAPL. $AAPL gapped up and at ATH. $SPY also gapped up, I had a key level at 238.2. Trade 2: $MU. $MU also gapped up. Had a nice entry at 10.05, that I missed. Later took a long at 20MA (1min) final partial at HOD (also 200MA on 15min and 30min). My trade of the day (due to my poor add in AAPL). Trade 3: $MU. I also took a reversal on $MU after trade 2 that worked well (under huge resistence in mutiple timeframes). Trade 4: $INFY. Took a scalp on $INFY once it bounced off VWAP at 12 Noon. Good: Whatever setups I took in Real and SIM worked out perfectly (including $AMTD Earnings Play). I was calm and patient today. I am still listening to relaxing music at the open. Improvement: couple of them in $AAPL trade. Will try to improve on them.
  4. 2 points
    10-18-19 Good night sleep, feel pretty good.... at desk at 0800...... normal routine... PAT: Share Size..... Partial outs.... Notes: Take the setups when they present themselves and stop second guessing yourself..... Use instinct along with L2 and Tape when partialing or getting all out.... Took a bunch of SIM of SIM trades... early morning is just not working for me.... mostly ORBs based on candle action, just may be a little much for me right now but Ill keep trying in SIM.... ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- KO All PB#3... first.... B setup at best but told myself that I was in this Live..... This was all FOMO and I should not have even tried this in SIM... I did take small size as I knew I was Chasing..... Took it as a trend on the 5min (way too extended from 9ema) but did have a nice ABCD going on the 2min.... stopped out at C..... -16.00 second.... A on first entry and A+ on second entry...... Im a little disappointed as I did not take full size here, and only in for 3/4..... This was the second and third test of the 9ema on the 2min.... L2 and the Tape was all in favor of an uptrend... Took first partial at HOD... then more at a marked daily level and several more between that level and HOPM, then all out on L2 and Tape along with new 15min low.... +85.11 third... A setup... A bit extended for an A+..... took 3/4 size..... I felt I let my emotions get to me on the previous trade and I should no have let it stop me so I may have forced this a bit.... took small partials and lost focus to SNAP and got all out below BE... Should have been a +25.00 if I set a hard stop..... +4.58 SNAP PB#3.... A+ setup.... I did take full share size here.... Tested the 9ema on the 2min several times Was in a clear downtrend in harmonious charts.... No new highs on 5min or above..... Took profits at 1/1 , 1.5/1 , 2/1 , several at around 3/1 and still in for small size with a stop profit of 2/1 +74.99 Cons: Took a trade with a bit of FOMO, and yes I did a fake montage switch to Live...... Pros: I did respect my stop loss.... Favorite Trade: SNAP Notes: Will be Live on Monday so I will scale down on my share size for a bit.... R = 50.00: +148.68
  5. 2 points
    Hello Everybody I apologize that I haven't posted lately as I just went back to work after my paternity leave and found journaling a little time consuming. However, after watching Peter's workshop yesterday, I realized how important journaling is. Took a bunch of trades today. Broke a rule, hit the wrong hotkey, but recovered in the end. Mainly used 5 min charts today. I would love to trade within the 1st 5 min and make money like Andrew but the one rule I made for myself that I haven't broken yet is to wait 5 mins. Therefore, my favourite has been trading 5 min orbs - except today..lol Trade 1 - NFLX Beautiful 5 min ORB. Bought 200 shares but it went south. Had a stop loss below at VWAP but I should've been a lot tighter at the 20 EMA. Here I broke a rule, I was "hoping" for a pullback, even as it went below my over extended stop loss . Finally pulled out. I'm just glad I am in a sim. After a bit of cursing, I reversed my position due to the engulfing pattern at 303.08 with a stop loss at premarket low. Given the price, I should have decreased my share size. Once it hit 2R, I started to scale out. Scaled out again once it hit another low. Brought my stop loss to the B/E and kept the rest for that profit target at the 200 EMA. I would have loved to stay in but my goal was the 200 EMA. Trade 2 - CRON Shorted CRON after the 5 min ORB. Got in an 9.65 with stop loss at VWAP. Waited for 2R and tried to get out as close as possible to that 9.15 level. Was going to cover, hit the wrong hot key instead and shorted another 400 and then immediately covered those 400 at 9.25. CRON hit that 9.15 level again and I scaled out hitting the right hot key this time. Covered some more at the 100 MA and was eventually stopped out at the B/E. Trade 3 - ROKU I'm glad I was busy with NFLX and CRON or I would've have taken ROKU long after the 5 min ORB. However, I saw the engulfing pattern and went short at 131.51. (I would've loved to get in closer to the VWAP right after it engulfed the previous candle but I wasn't watching this stock at the time) I was too stretched from VWAP so i decided to use premarket low as a stop loss. Waited for 2R and I think there was a level there and covered some. covered more. Not sure why I held 50 shares of ROKU for so long but I should've have clearly covered all at the B/E Trade 4 - ROKU Saw a huge pop and that's why I covered all my shorts from trade 3. Popped above the VWAP, volume was coming in and saw that hammer doji forming at the end of that 5 min candle. (Also, Andrew was saying he was going long - that was just a bonus to my analysis) Went long at 132.4 Started to scale out way to early. Should've waited for 2R. Was going to sell all my shares at break even but hit the wrong hot key...again . Not sure why I sold all my shares at the 200 EMA. Should have scaled out to at least 134 profit target. All the virtual money I lost on NFLX, I earned back and a little more with the other trades. Lots of mistakes to learn from but I'm happy overall! Again, any feedback would be appreciated and thank you for all the support.
  6. 2 points
    10-16-19 changing this part up a bit, I know Mon. thru Thur. I get about 4 hours sleep and all my morning routines, so I will keep this shorter from now on unless something changes.... At the desk at 0810.... feeling a little tired.... PAT: Share Size..... Partials on instinct.... Notes: I feel like I should have partialed a bit more aggressively locking in profits..... I was trying to be more aggressive with a longer profit but should have used my targets as an all out or at least took 80 or 90%.... Took a couple early B setups with full share size..... 2 losers and 1 Win on BAC (the 5min ORB was possibly a better setup looking back but at the time I did not feel good about it) and a loser on BBBY.... -91.71 CAH PB#3,,,, B setup... took too large of share size again.... from turbo breakup scanner .... jumping on lawsuit settlement... running pretty flat.... shouldnt even be trying this here.... just gonna get out and look at it again.... -122.00 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- APHA PB#3... A+ setup.... 3/4 size (looked at it as an A setup at the time).... trending the 9ema on the 2min, harmonious, under all MAs on all time frames with a reverse ABCD on the 2min.... my first partial should be at 2/1 at .84, missed it by .02 and has since been very choppy bumping on 5.00 may get stopped out,,, just getting alll out here and calling it a day... I am way over tired and can not concentrate on anything..... Nap Time.... -10.00 Cons: Too big of share size on my SIM of SIM trades.... Pros: Do like the APHA setup but maybe should have taken a partial when it got close to my first target.... Favorite Trade: Notes: R = 50.00:
  7. 2 points
    14 Oct 2019 I only took 1 trade today on $X and I should stop as I am done with my daily goal. On 1 min chart, I saw an hammer (may turn uptrend) sitting on the 200MA. My profit target is on the 200MA on the 2 min chart and I am glad that it went over it and I manage to exit after that. Today is a Green Day and I am happy. Live to trade another day.
  8. 2 points
    October 15, 2019 - Some days I really have to remind myself that discipline to not trade is a good thing in the long run. I am not comfortable trading high price stocks at the open, so I had a very limited watchlist at the open which did not give me any good setups. Tough to see all the high price stocks setting up nice and having great moves. Eventually I will get comfortable trading these. Sim tomorrow as I will be working off 3 hours of sleep. Hopefully Thursday and Friday brings some good setups. Sample Set Results, S P G E E P P P P G G 12 13 14 15 16 17 18 19 20
  9. 2 points
    Some great trades today Vikram! Like you, I won’t get near stocks like $SES as well as stocks that have greater than 30% short float. So many traders in the chat room choose to take super risky trades and I just don’t want to get burned by playing with fire. I ended up with a 1R day which is fine with such a low volume day.
  10. 2 points
    October 14, 2019 - A very slow day without a lot of good setups. I sat on the sidelines in the morning as I didn’t get any good setups from $FAST, $YNDX, or $FCX. I came back for the afternoon session and it was terrible. I could almost look at some stocks and see the computers trading them. I choose to just sit back, watch the charts and look at volume compared to the price action. I really wanted to get a trade in today, but was not willing to take a bad trade. Looking forward to tomorrow. Sample Set Results, S P G E E P P P P G G 12 13 14 15 16 17 18 19 20
  11. 2 points
    Monday 10/14/2019 I had a well-being score of 6.5/10 this morning. I moved my fixed R to $10/trade while I figure out the sweet spot. High enough to feel the uncomfortableness of live trading, but low enough I will trade smartly. Took 2 live trades this morning was with YNDX and FAST. Backtesting showed AAPL and BABA are no longer in play at the open. Sadly there was enough data by last Wednesday to show this. I will backtest charts daily from now on and use the last 5 days (moving average) to determine the plan going forward. This would have save me two days of double stop outs. But, AAPL has made really nice 15min ORBs all last week and BABA still in play at the 5min mark. So Both stocks are off limits at the open. I can look at BABA at the 4min mark and AAPL just before the 15min mark. YNDX and FAST were on my opening watch list, with MU and BABA on my 5 min watch list. AAPL was on my 15min watchlist. My attention was entirely on YNDX at the open. I like it was the only stock I saw gapping up and it was gapping up more, with volume, right before the open. I already planned if it broke the 31.05 level with volume to go long. Which it did 2 seconds after the open. I usually wait a few seconds for the price fluctuations to settle down, but the L2 looked positive so I went long immediately. The priced spiked during my fill and I immediately lost 20 cents on the fill. For a $30 stock, it is pretty much game over. But since I was so close to the open I did go half share size. So my risk was still just above 1R and my R/R still OK. Too bad the price retraced back and I could have gotten a better entry a few seconds later. Live and learn. So I was long YNDX a few seconds after the open with HOPM as my target and the daily level of 31.05 as my stop. Due to my bad fill it didn’t feel promising to take my first partial at 1.5R and instead I took 25% at 1R. The price than retraced and I was all out at B/E. FAST actually setup while I was trading YNDX. Though I will take two trades at once with stocks I know well, I wouldn’t dare with these. After my YNDX trade was over, I did miss a move with FAST, but there was still a lot I liked about it for a 2min ORB. The candles were creating a mini ABCD and even though the stop would have to be far away, the 200MA-1min was right above my 1.5R and the PDC at 3R. So I was long with PDC as my target and VWAP-1min as my stop. The price advanced quickly and I took a 25% partial at 35.85 which was a really strong level, since there was a daily level, HOTD and the 50MA-5min. Then the price moved higher and bounced really hard off the 35.93 daily level. So hard I took another 25% partial because I just lost faith in the trade. Then all out at B/E. Then I did well in SIM. I took a 5min ORB on BABA which made it to 1.5R partial than out at B/E. I also took a SIM trade with AAPL for a 15min ORB which really ran. Score cards (live trades). YNDX FAST 86% 95% What I did good today: I like how I managed the FAST trade. What I am grateful from today? +0.6R is not that much of a day, but it was a lot of fun trading new stocks. What do I need to improve on: I will move my backtesting from weekly to daily. I just have to be careful not to make decisions on one point of data. Need 5 min. So I have to use the backtest data as a moving average.
  12. 2 points
    10-14-19 Up at 0740 with a little over 4 hours sleep. Fell ok..... SSS and a coffee.... read a bit in the Playbook.... PAT: Share Size Notes: Pre 5min setups must be A+ for "Live" trade..... Any PB#1 ORB setups must be A or A+ for a "Live" trade..... Keep working on proper trade management.... Will cut out for a bit to go get my Live account ready to go..... SES Took a couple scalps on this Low Float just trying things out.... I missed one good move that I wanted to trade so I went ahead and took these for practice in SIM of SIM.... one win and one loss +26.75 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- FAST PB#1.1 (A+ setup) ... 2nd day play Strong stock that gaped down looking for a long position.... Took a small share size on purpose as these are still a little foreign to me.... The 1minORB broke VWAP and with nice ASKs on LVL2 and Tape prices going up, decided to add here then some quick scalp partials and all out at BE.... +21.50 FAST PB#1 (A setup) the 5min ORB candle was a bit extended for me keeping this from an A+ setup, confirmation on the 1min ABCD.....I kept the share size a little bit small even after the add ons as I did not feel this was an A+ setup..... I added in at a very bad spot and got filled even worse... I do like the second add... I partialed out a bit too much so I added in the amount I did not want partialed ..... all out on a new 5min low.... +29.00 Trades 3 and 4 were PB#3 which I would grade both at B+ or A..... I took full share size on these which in hind site maybe I should have stayed small here also... One I got stopped out on and the other I partialed and all out on BE.... -32.40 AMD PB#3 (A+ setup).... trending the 9ema on the 2 and 5min breaking the 200ma on the 5 and 15min, looking for the 50ma on the Daily.... I partilaed on the way up leaving myself with a little just incase it breaks out over the 50ma on the Daily.... stopped out on three consecutive 5min lows and below the 9ema on the 5min.... +86.70 Cons: Just work on Share size a bit more Pros: Found good setups in this choppy market today.... Stuck to my rules and felt good ..... Favorite Trade: AMD PB#3 Notes: Work more on share size R = 50.00: +131.55 / +104.80
  13. 2 points
    October 11, 2019 - $JD A slow grind today on $JD. I got into the trade because of the volume and price action when it rejected VWAP. $BABA is to expense for me, so I choose to add $JD to my watch list instead. Got my 1R partial, set my range order and just missed the fill at my profit target. I let it go a couple more minutes but when it couldn’t pop back up I got completing out. Not a bad trade. Numbers weren't adding up on this sample set so I had to go back and see what happened. I missed entering a trading day in which I got stopped out twice early. I went and adjust all the sample set results to correctly reflect the results. Sample Set Results, S P G E E P P P P G G 12 13 14 15 16 17 18 19 20
  14. 2 points
    I am almost at my 1 year trading live anniversary. Time to evaluate if it is worth continuing this journey. I was in SIM for 6 months, so I have been trying to learn day trading for 18 months. I always planned to access my progress and evaluate if I should continue at my 1 year live anniversary. It has been quite costly in time, so it is a serious consideration. Though I feel like progress has been made in my trading I don’t see any change in profitability, so it is not an easy decision. But with some reflection, this week, I realized it is better to look at this more holistically. The change in my personality (for the better) has been dramatic. I would even say transforming. Especially, the last few months. I see improvements constantly and I would not want that to stop. Waking up at 5am and forcing yourself to face your fears, endure stress and muster the strength to make changes in yourself to improve creates dramatic results. Let us say I went a different path and started working on starting a business. I would have worked on prototypes, a business model/plan, and presentations for funding. For the most part not stressful and no internal improvements would have been made. If I feel off that day, the worse thing is I program the 3D printer wrong and the part is thrown in the trash. If I feel off while trading I could go tilt and lose a large part of my family savings, permanently altering our lives. A much greater incentive for personal growth in the latter. I like this growth in myself and I don’t want to stop. That alone it is worth continuing. Now if someone walked up to me and asked if they were training correctly, and they showed me my training plan for the last 18 months, I would say no. So way am I training this way? If you get a couch potato and you want to start training him for some track/field event, would you spend 10 minutes a day practicing in each decathlon event? No. But that is what I did. I set up my platform, and started trading different setups every day. Hoping I would get good at one of them. I would have recommended to the couch potato to first put the mileage in running. Then hit the weights. Improve your flexibility and get on a sensible diet while reading up on the events. So why didn’t I do that? And worse why am I not doing that now? Yes, I am trying to improve on some of that, but looking objectively I am still training wrong. So first I listed what I should have done the past 18 months, find the deficiencies and then I will create an appropriate training plan. So here is my should have done list: 1 Education Read enough to know you have a serious interest. Read enough to learn what next to read. Read enough to know what platform broker/SIM to use. 2 Get fit Physically (exercise and diet) 3 Get Fit Mentally (Decrease the incoming stress, able to handle stress and methods/activities to alleviate the stress). 4 Business plan Do you have at least two years to learn? How many hours/week can you devote? How much disposable cash reserves do you have to cover expenses and losses? 5 Set up Trading equipment. You can be frugal, but don't be cheap. 6 Training Plan 6 months SIM. Training during market hours and training after market hours. Mental and physical fitness should be part of the training plan. Also reading, webinars, etc. 7 Trading Plan What time of day do you want to trade SIM, for how long? Chat on/off? Risk? Max loss? Max trades? These should all be decided in SIM 8 Learn the platform in SIM Make a trade, partial and stop. Don't leave this phase until hotkey mistakes are <10% of the trades 9 Exploration phase You need 3 trades in your playbook, though only one needs to be solidly profitable. 10 Dip your toes into live trading Once hotkey mistakes are reduced and you have at least on setup in you playbook, you should go live at least once a week with very small share size 11 Discover trades that fit your personality Nothing works? Or some setups do work but you are completely stressed when you take them? 12 Reread trading books, especially psychology The books will mean more after being in SIM awhile 13 Revised trading plan At least the last month of your trading plan should mimic your live trading plan 14 Choose 3 setups Not just the one's that have worked the best, but the one's you feel the most comfortable taking. 15 Refine trades You should be now taking trades like they are live. Once you do this you will see adjustments are needed. 16 Revised trading plan This is the live trading plan, risk, max loss and max trades need to be written in stone 17 Revise Business plan If not yet, trade losses need to be in your business plan 18 Go live 50% I assume, in the beginning, you will hit max trades quickly then switch to SIM. Also make sure you take some SIM trades on setups you are still working on. 19 Work on nerves Reread psychology books, they will make the most sense once you are live. 20 Test risk management Even if you lose every trade, your losses should be manageable. If not work on risk management. Do not go past this step until complete. 21 Go 100% live Once risk management is solid, go fully live. 22 Increase fixed R Find the risk you are comfortable and slowly increase. Stay within comfort zone. With that in view I didn’t even get through step 3. In the Van K Tharp course I am taking, they give you a test to check if you are ready to handle trading. There are essentially 3 parts. How much stress is in your life now (can you handle any more like day trading)? How well do you handle stress? Do you have methods to efficiently alleviate the stress? I failed this so badly I was below the bottom of the scale. So I should have known and fixed this 18 months ago. Now I have made progress and I do noticed my nerves are better when I trade. I have set goals to improve it and I have listed those in another part of the forum where I journal the Van K Tharp course I am taking. But this must be my top priority. I am so glad I created a business plan or I would have quit when I started losing lots of money when I went live. Because I assumed I would have losses and had it in my business plan. Though I spent 6 months in SIM, I never really made it through step 8 (know the platform) or step 9 (exploration phase). I use to make 2 or 3 hot key mistakes a day. It completely disrupted my trading and was a big impact in learning how to trade. I should have spent all my time fixing the issue before moving on. This issue is fixed now and my hotkey mistakes are low, but that was a waste and caused undue stress. As for step 9, I left demo without any working setups. I tried and nothing worked. Then I chose the 5min ORB and heavily practiced it on DAS SIM and tradingsim.com with little improvement. I finally left demo just to try another platform to see if it would help my hotkey mistakes. It did. I wish I did step 10. I do recommend it for new traders. Step 19 took a while to fix (nerves). Rereading Trading in the Zone and Daily Trading Coach after you go live has much more of an impact. I tried reading lots of other books to help, I found most not useful. I did finally find a couple that helped. Essentially, I was raised that being negative was good. We would be punished as children for acting to positive, like we are jinxing the future. If we enter a task to positive and we fail my parents would love to tell us we ruined are chances because of the positive thinking. “Laugh before breakfast, cry before dinner,” was my parent’s favorite phrase. So this was a lot of programing to change. But, I have known lucky people. They enter the situation positively and assume things will go their way even though the odds are against them. And I watch how things go their way. So this mind set can really help in trading. You don’t second guess yourself and the ability to find setups is improved. There was actually an experiment that showed this. To keep an open mind to different possibilities. If you think that something positive may happen, when an opportunity, though it may be outside the box, crosses your path, you would see it and act. I would be close minded and not see it. There is actually some data for this. I once read about an experiment where volunteers were gathered. One set of people considered themselves usually the lucky type and the second group considered themselves unlucky. Everyone was given a newspaper and asked to count the number of pictures in the newspaper. The unlucky group usually took 2 or 3 minutes to count all the pictures. The lucky group usually took around 10 seconds. Because the lucky group all noticed a big sign on page two stating, “there are 46 pictures in the newspaper.” The unlucky group were focused on just looking for pictures and never noticed the sign. You can imagine how that applies to day trading. So you need to make yourself luckier by using the power of attraction. Step 20 (Risk Management). Ok, I think I got this one. I have not lost any money in the last 8 months trading live. My trading is not very good so it must be risk management keeping me afloat. Step 21 (increase your fixed R). Definitely doing this one wrong. Essentially, I increase my fixed risk/trade, during profitable time, to the maximum I can handle without it affecting my trading. That’s not really the correct way to improve one’s trading. My fixed R is currently $30. If I go any higher the impact of a full stop out is too much to handle. Thus, I am at my maximum I can emotionally stand. But, it is still too high and affecting my trading causing bad habits. You shouldn’t choose the most you can handle you need to find a sweet spot in the training phase. If too little it feels like you are in SIM and you will trade too reckless. If too high you will trade to careful. So I need to lower my R. It will take a few tries to find the sweet spot. So I am trying to determine my new trading plan. I will need at least a week to plan and experiment. I will have it fully implemented by my 1 year live anniversary. I have decided to give it one more year. If I still haven’t seen steady progress I am pretty confident I never will and should move on. The one thing that is certain, as in all changes for the better, things will get worse before they get better. Once I step outside my comfort zone and change things up, I will take losses again. I need to prepare myself for it. I have gotten quite use to not losing money. Sorry this post was a bit long winded. Thanks for reading. Have a good weekend.
  15. 1 point
    My Plan to Trading Success: Background: One of my friends from German language class recommended Andrew’s book on ‘How to Day Trade for a Living’. After reading the book, I joined the BBT community in Oct’2018. I was on SIM for 3 months, completed the first BBT challenge. And finally I went live on 8thApr’19. I am new to Trading and hoping my journaling and feedback from fellow members will help me improve. My preparation before going Live: These are the books I read before going Live, apart from the BBT classes. It was very important for me to learn as much before going Live. Also, I read these books in the order mentioned below. I also listened to the Youtube audio version of Trading in the zone, the week before going Live and I must say that it helped calm my nerves a bit during the Live week. -How to Day Trade for a Living by Andrew Aziz - A Complete Guide to Volume Price Analysis by Anna Coulling - Advanced Techniques in Day Trading by Andrew Aziz -Trading in the zone by Mark Douglas -The 1 Hour Trade by Brian Anderson Strategy & Goal: During the first year(or 9 months) in 2019, I don’t have any target to make. My primary goal is to gain experience Live trading, to be emotionally stable when things don’t go my way and manage positions to my plan. And achieve all this limiting my loss. Good thing, I have control over how much I can lose, so I have decided to keep 100$ per week that I can lose (ie. 4000$ till end of the year). This is the max amount I will lose to the market, nothing more. This is not ‘Scarred Money’. It is something that I am paying for my experience. If I make any money along the way, then it’s good. It doesn't mean I dont want to make money, it just means, I am not in a hurry to make money. But I do plan to make a lot of money from trading may be a million $ some day. I also have the following measures to limit myself at the beginning of my Trading. Funding Account: I am not funding my IB account fully. I am doing it in 5 small transfers (roughly one each month). This limits my buying power during the initial months. Even if I make a DAS mistake I can’t buy more shares. As I improve my trading I start funding more. Under PDT rule: This also means, I am under PDT rule, and can make only 3 trades/5 days. This prevents me from overtrading. I am also extremely picky as my trades are limited. I think being picky is a very good habit in Trading. Stocks to trade: I don’t trade $TSLA, $NFLX which are very volatile. I trade $AMD, $MU and other Stocks in Play on a particular day within my price range ($15-$30) and not very volatile. I trade high priced, volatile stocks in DAS simulator or TradingSIM to feed my FOMO. Share size: I trade 50-100 shares per trade, depending on the Stoploss and volatility of the stock. I am not using my Margin from IB, but only Cash that I have funded. As I improve my trading skills, I will slowly increase the share size. Risk Control: Within my 3 Trades a week, first one I give it $50 Loss, 2nd and 3rd one $25 each. But because of my small share size and stoploss, I am well within my allowable losses during initial months. This is second level risk control. Rules: Only one trade at a time. This was my main issue in SIM. I get into multiple trades in SIM and end up in huge losses. Even if the action goes my way, I am unable to exploit it to my advantage as I am unable to follow my profit plan. Stick to my StopLoss: Many days in SIM, I had ignored my Stoploss and ended up in huge losses. Then I make some good trades and reduce my losses. End of the day, It gives me a feeling ‘If only I had respected my StopLoss I would have been green’ Don’t trade within 3 mins: My rule is not to trade within first 3 mins. But if the setup doesn’t exist, then I must wait till 5, 10 or even 15 mins from the open. Trading Style: I prefer VWAP trading (VWAP pullback during ORB, Reversal & False breakout after 10AM). I also like to trade 50/200 MA bounces especially on higher timeframes. I am not good at MA cross reversals. Quote I need to remember while Trading: "You will regret more about the STOP you didn't take than the one you took early"
  16. 1 point
    What a great time in St. Louis and meetup with some Bear Bull Traders! A BIG "Thank you" to Kurt and William for making this meetup so very special! We had new traders, swing traders, and long time traders to bounce our thoughts and questions off of. And of course many thanks to Andrew who supported all of this! I would highly recommend attending a BBT Meetup as a way to find out how our other traders approach Day Trading and get to know some of the greatest members of our BBT community. St Louis has a lot to offer as a visitor, and I was lucky enough to get out for a little sight-seeing. Thanks to everyone that came out! (It was a bit chilly without my jacket the next morning.)
  17. 1 point
    Journaling is the hard work we put in to become better traders. Recommend developing a journal that you enjoy doing at the end of each day, then it doesn't seem like work.
  18. 1 point
    Hello All, I was hoping to get an idea of how many people would be interested in joining a live Voice chat daily? For a while I played in an Elite gaming community and the way we held a major edge over our opponents is that we were all on voice. We ran 18 man squads and could keep things pretty organized with some basic structure. For me I am losing so much in the chat portion of BBT. There are constantly great trades being called out that get lost in the speed of the chat. The group would be lifetime members only and ideally we could get a solid core that could work more in tandem to identify solid setups with out having to focus on typing in a chat box. Hope everyone is staying Green. Regards, Thor Young
  19. 1 point
    It would be nice if we could enable a couple more file types to make sharing easier. Mods?
  20. 1 point
    The icons were done in Illustrator, I've added a share link to the file because the forum doesn't support zip or illustrator file types. Enjoy! Original icon file Jason
  21. 1 point
    that looks like good trading, i wish i did the same on that day
  22. 1 point
    October 17 & 18, 2019 Pretty uneventful the last two days. Just have not had the right stocks on the watch list at the open. It seems the ones that get my setup are the more expensive ones and the cheaper ones do not setup right. I am looking forward to next week and should have a good trading week. Looking to put my afternoon strategy back into play as I have been working the entry and it seems to be working out more times than not. Sample Set Results, S P G E E P P P P G G P 13 14 15 16 17 18 19 20
  23. 1 point
    Thursday 10/18/2019 I had a well-being score of 7/10 this morning. Was on a >1min restriction this morning. Took 2 live trades this morning was with ROKU and GIL. ROKU and KO were on my two primary charts with MU, AAPL, and GIL on my secondary charts. I liked KO and GIL, but was nervous trading GIL since I have never looked at the stock before so I had it on a side chart. ROKU open with OK volume and made a small 1min hammer. Then made a bullish candle and I went long at the break of the 50MA-1min. My stop was VWAP and my target PDC. R/R~2. It took about a minute to get stopped out. I keep forgetting I need to trade ROKU like I trade BABA and give it a large stop since it tends to slide through VWAP and reverses a lot. Essentially this is what happen. The price dropped a few cents below my stop and reversed and reached my target. I should have used the bottom wick as my stop. Right after I stopped out on ROKU I looked around and saw GIL dropping back to VWAP. I was hoping to go long after it bounced from VWAP. As I transferred GIL to my main screen I heard Andrew announcing he was going to take GIL. Usually if I take the same trade as Andrew it is usually doesn’t work out well for me. So I hesitated for a second, then decided to take the trade. For some reason I took a really tight stop (at the end of the wick). That is not correct and it should have been VWAP. So what looks like I took too many partials, really wasn’t. I took partial profits a t 1R, 2R, and 3R. Then after 3 minutes and 3 rejections of the $25 level I decided to take a large partial if it bounced from $25 a fourth time. It did get rejected and I took a large partial locking in 2R profit. Then seconds later it shot through $25 (figures). I didn’t have many shares left but I decided to squeeze out what I could. Though I caught a 7R run I only made 2.3R I took 3 SIM trades where I am flat. Score cards (live trades). ROKU GIL 83% 88% What I did good today: Setups were fine. What I am grateful from today? Not trading in the first minute. Grateful for my +1R today. What do I need to improve on: As usual trade management. Plan for tomorrow: I plan redesigning my DAS Platform this weekend and work on my Trader Performance course. I am losing the momentum on it.
  24. 1 point
    18 Oct 2019 I took 1 trade today and I decided to take a break after numerous losses for the past few days. 1) $ETFC - I saw a few confirmations in various chart and decide to SHORT 5 min - Sitting below 50 MA (serving as a resistance) and a hammer. [This graph takes precedent] Daily - Sitting below 50 MA (serving as a resistance) [This graph takes precedent] 1 min - Trending downwards and candle movement all below VWAP and 50 MA. 2 min - Trending downwards and candle movement all below VWAP and 50 MA. In the end, I got stopped out (referring to 5 min chart) when it move upwards. Take a break and have a Kit Kat. I think I need to go back and study more..
  25. 1 point
    Dear @Glenn Budde, Thanks for dropping a comment! Yes you are right on $NTRA 5 min where it is still moving up. I have been watching WilliamH videos and let's learn together! Too bad I can't attend William H's live trade review due to my timezone (at 3am). Appreciate your help!
  26. 1 point
    15 Oct 2019 Today was a disastrous day for me. I took 3 trades today and I hit my max loss. 1) $NTRA - I saw a few confirmations in various chart 1 min - Sitting on 50 MA 2 min - Candle sitting on VWAP and saw a hammer (previous 2 candles) sitting on the VWAP. I am thinking of a reversal. Yeah. 5 min - Candle sitting on VWAP Took 2 LONG trades at around the same points but in the end got stopped out (refer to 1 min chart). I think I have traded correctly. Self consolation. Lol. 2) $PAGS - I saw a few confirmations in various chart 1 min - Located below VWAP. 2 min - Located below VWAP. 5 min - Located below VWAP. I went SHORT and took a small profit to cover my huge loss today. Today is a RED Day and I am glad I am on SIM. Live to trade another day
  27. 1 point
    10-17-19 At desk at 9:45.... very groggy.... will only SIM for the first part.... Yesterday The only trade I would have traded was APHA which I thought I booked a $10 loss but I guess the order was for a portion of the shares and today I ended up getting all out on it (an accidental swing trade) I have a lot going on today so I may end with this only trade that made sense to me.... I would have taken this LIVE as I did start with small size and added in on confirmation to 3/4 size NUGT... PB#2.....A setup.... small to start and 3/4 size after add.... I watched SPY start to roll over and had my eye on NUGT it broke VWAP with force and the tape and L2 agreed .... It was above YH and PMH.... above all moving averages on time frames from 2min to 60min .... Took 25% partials starting at the 2/1 level which was also previous resistance intraday..... took more at YYH which is also a dollar amount... then more at what I thought was the top of the move based on the L2 and tape (which was correct) left a small amount to get all out at the dollar..... +114.31 I will have a Live account by Monday (maybe tomorrow) ....... Have some work to do tonight....
  28. 1 point
    hi Kyle we all have been there, so you are at the right place Welcome
  29. 1 point
    October 16, 2019 - $BAC Well I was not planning on trading live today, but I got a little more sleep than I planned, so I made a decision that if I got the A+ setup that I would take a trade. $BAC gave me that opportunity with a nice pullback towards VWAP and a couple rejections along with it. I entered once it broke above the resistance level. I got a 1R partial and then decided to exit a second partial when it was having trouble breaking above 30.70. I put a range order in for the remaining portion and eventually got stopped out at breakeven. Overall not a bad day with a little sleep. Sample Set Results, S P G E E P P P P G G P 13 14 15 16 17 18 19 20
  30. 1 point
    Alright -- you guys asked for it! I'll be doing a Tape Reading Wednesday Workshop in the coming weeks!
  31. 1 point
    Wednesday 10/16/2019 I had a well-being score of 5/10 this morning. Sloppy trading today. I am grateful I finished at break even. Took 2 live trades this morning was with ROKU and BAC. I really liked both the daily chart on both stocks (ROKU and BAC). Since they trade completely different, it was uncomfortable having them as my center focus, but I did. I also had AAPL on a side chart to look for 10/15min ORBs and YNDX since it had a small pendant forming on the daily. ROKU immediately went green to red, but I was not ready to trade it. ROKU is so choppy I needed to wait for a really strong sense of direction. The plan for BAC was to go long if it broke the HOPM with volume. So I was watching both, then I felt ROKU moved enough to short it. But, it was 75 cents away from the stop (PDC) and ROKU loves to swing way pass tech levels and then bounce. So I gave it a $1 stop all the way 25 cents passed PDC. But, since the target was the 200MA-5min I still had a R/R>3. The price started to move in my favor, but this is where I ran into poor trading. I am not sure why but I took a look at BAC. But, ROKU is the type of stock you need full attention so I shouldn’t even have looked. But, I did and saw I missed my entry and the stock was heading up. I still can’t believe I chased it and got into another trade. Two trades at once is fine for stocks I really know well, but this was not smart. So I went long with BAC as well and got filled 2R above my originally planned entry point. Not sure why I did that. There was no R/R. Now I am in two trades at once so I didn’t feel comfortable setting up my 1.5R limit order with ROKU. So this proves how helpful it is to have that limit order up on my chart. Because without it I went back to my regular MO. I started hitting the sell button like a woodpecker on steroids. Too bad because ROKU did reach my target and I only made 1R. So I am really embarrassed about the BAC trade. It was definitely FOMO. I was just upset I missed my entry so I went long anyway. My stop was the HOPM, which should have been my entry. The price went against me immediately and slowly moved down to my stop over the next few minutes. Of course 2 cents after my stop it reversed and went back up passed the HOTD. I also took one SIM trade. A 10min ORB on AAPL. I made +1R. Score cards (live trades). ROKU BAC 88% 60% What I did good today: I did catch ROKU with a solid setup. What I am grateful from today? For being at B/E after a bad day trading. What do I need to improve on: Really need to limit the two simultaneous trades, unless I really know the stocks well.
  32. 1 point
    Hey Tommy Thank you very much for your feedback! I think what you mean is called scatter plot. We are currently working on advanced filtering, statistics and graphs. As soon as we also have Risk/Reward management implemented, we can definitely implement graphs for that, too! Our focus is currently not on optimization for mobile browsers, but we will work on that in the future for sure.
  33. 1 point
    14.Oct.19 Greenday. +2r. Watchlist: $PE, $CRWD, $YNDX, $FAST Trade 1: $PE. Took Rising devil setup on this. Stock had gapped down due to acquistion news. I took short just above VWAP, 2 portions. One got stopped out above 50MA, other one was above 200MA, that survived the stopout. Partialed at daily levels and got 2r/3r on this. Added after the stock pulled to VWAP, but it was forming Double bottom with big volume. So got out on the next candle. This is similar to my $YNDX trade from Friday. I held longer this time and got out only after the confirmation. my best trade of the day. Trade 2: $PE. After the ORB trades, I waited for the price to breakout VWAP and took long. L2 had a Seller trying to push the price down, but still stock was strong to go back to 200MA on 1min. I got out last part, after the stock got weaker. Trade 3: $OXY. This is from the reversal scanner, after noting double bottom, I took it long got out at VWAP. Then the stock broke out VWAP came back and bounced off VWAP, this is a new setup, so went long again, got out at daily levels. Trade 4: $OXY. Noted 2 shooting stars on 30min. Took short, but got stopped out. Stock went back to 20MA before reversing to VWAP again. Trade 5: $ROKU. Roku bounced off 200MA on 15min, such a strong support. Took it long for reversal, but got stopped out. Good: I improved from my $YNDX trading from friday to $PE trade today, both Rising devil setups. This is a common setup for me, Rising devil followed by VWAP pullback short. If I get all out due to Double bottom, then there is an opportunity to go long till VWAP or HOD. atleast 3-4 setups available continously. I made a conscious decision not to include $SES in my watchlist today (~1Mn shares flt). Although it created such a ruckus in the room today, I am glad I wasn't even tempted to look at it. These kind of lowfloats don't deserve my watchlist. Improvement: Bounce off MA is not working out recently, may be due to the market conditions. Need to reevaluate if I am going to take this again, may be on certain conditions (for e.g 9/20 already crossed on 1min) Made an error on hotkey again. instead of covering I pressed short. I should have stopped after my 3rd losing trade of the day.
  34. 1 point
    14 Oct 2019 Took only 2 trades on our best friend, also know as $MU. First trade - I saw the candle bouncing on VWAP and thought it may take off and I went LONG. I was on the wrong direction where I got stopped out. On my second trade, I saw it moving downwards and bouncing as a resistance in 2 min chart. I immediately took the trade SHORT and manage to exit at one of the lowest point. Today is breakeven for me. My learning lessons should be not to LONG the share if there is a MA above the trade (in 2 min chart). Any bros who would like to contribute 2 cents worth are most welcoming! Thanks!
  35. 1 point
    11Oct19 Greenday. +6r. Busy trading day, today I was able to spend the whole day looking at the market and trading. Green Friday once again. Watchlist: $ AAPL, $ROKU, $FAST and $YNDX. $YNDX had gapped down against the market and $FAST was harmonious setup(both earnings). Trade 1: $YNDX. Rising devil setup. Short below VWAP, Stop 25c. Partialed at 2r, but the price turned against me and I got 2 more partials. Trade 2: $YNDX. After the pullback to 20MA, added to my position, partiled towards low of the day. Added to my position again by mistake, got all out. Trade 3: $YNDX. Later at Noon SPY dumped and pulled most of the stocks down with it. Slowly all the stocks were recovering to their original position, Robert called out $YNDX. And I took it long at the key level of 29.5 for 2:1 AON exit. Stock squeezed and I got my fill. Trade4: $FAST. Gapped up on earnings. very strong at the open. I took long after the pullback to VWAP and bounc. Also at the break of daily level 35.5. partialed towards HOD and got all out on new 5min low. Good: Very obvious premarket list today. Entries were good. Enjoyed watching the market whole day. Another +ve Friday.
  36. 1 point
    Friday 10/11/2019 I had a well-being score of 6.5/10 this morning. I was not able to trade yesterday due to power outages. Took 2 live trades this morning was with AAPL and BABA. I still like the daily charts and PM on both AAPL and BABA. I was long bias on both before the open. I essentially took the same trades I did Wednesday when I got stopped out on both. And today I also got stopped out on both. Volume was instant for AAPL and a large hammer was created and I went long when the price broke the 200MA-1min. The only target above that price was the 233.49 daily level. But that is an R/R~1.7. My stop was the PM level of 232.65. I set a limit order at 1.5R, which was just below the target. Two minutes later the price missed my order by a nickel and retraced back to B/E, where I had a stop order to exit the trade for no loss. A few minutes later AAPL started its run up. BABA had a really strong volume quickly and I really like the bullishness on the 5min chart with PM. I saw a L2 signal and a break of the 171 level that was resistance in the PM. I also liked there was a daily level 1R away that seems to pull the price up near the open. I had no good level for a target so I used 172, with my stop at 170.50. Wow, the price instantly reversed and I was stopped out in seconds. The one bad thing about the trade is I used the wrong share size. I saw the stop was 50 cents away but I used shares for a 35 cent stop. For some reason my stops coincidentally have been 35 cents for BABA for almost two weeks. So I think it was a reflex. But that stop now cost me an extra -0.5R. BABA did go for a run up later. Which is good because I have a swing trade on BABA. 5min chart when I took the trade: The total trade: Then I took a few SIM trades for +2R profit. Score cards (live trades). AAPL BABA 93% 90% What I did good today: I like that I followed my new B/E stop out when price reaches 1R on AAPL. That is not easy for me. It’s difficult to S/O at B/E unless I take a profit. What I am grateful from today? That the power outage didn’t last longer. What do I need to improve on: I think I may move my backtesting from weekly to daily. I think AAPL and BABA stopped being in play at the open by midweek, but I kept trading them at the open. I just have to be careful not to make decisions on one point of data. Need 5 min. So I have to use the backtest data as a moving average.
  37. 1 point
    10-11-19 Woke at 0740 with 7 hours of sleep and feeling pretty good...... SSS and a coffee.... A little meditation and away we go.... PAT: fine tune share size..... Notes: No pre 5min trades and all PB#1s will be Sim of SIM for at least the rest of the week... FAST PB#1 (A+ setup), this should have been in live with all the confirmation.... Made a beautiful 5min ORB with confirmation ABCD on 1min and 2min, also the price action, LVL2 and Tape were all positive confirmation.... scaled in to it to 4/5 position and took a 50% partial then out At BE as price action was changing... +48.00 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- FAST PB#3 (A+ setup)... Trending the 9ema... the 9ema crossed the VWAP.... the previous down trend did not break VWAP..... ABCD on the 2min...... I added on the close of my entry hammer candle, I did take a little smaller share size one the first one and added into about 3/4 share size (probably a little too cautious here)... took small partials on the way up at key points and then all out on new 5min low..... +124.51 Cons: None today..... Yahoo.... Pros: Found and took A or better setups.... Favorite Trade: FAST both trades.... Notes: Just need to work on share size a bit.... Calling it a day, have family coming in..... R = 50.00: +172.51 / +124.51
  38. 1 point
    11 Oct 2019 Today I took 3 trades (2 green and 1 red) . Overall still green. 1) $MU - Took SHORT when it is bouncing off VWAP and the share took a sharp upward turn and I got stopped out. I realized that I am shorting towards 50MA. Bad move and didn't check my chart clear enough. 2) $FAST - Many traders in the chartroom heard Andrew saying to take a LONG and I took it but he didn't. It is a very good move upwards and my biggest win for the day! 3) $ROKU - At 2 min chart, I saw the candle bouncing off the 200MA and it serves as a strong resistance. I took it SHORT and covered all of my positions before it went back up. It was a very small move but I was lucky to cover everything. 2 green days in a row and I am happy. Hope to continue to maintain consistency when in LIVE account.
  39. 1 point
    first of all please post also 5min charts to your trades for better view (consider also 15min) ROKU Trade1: you started to scale out before 1R, this means that you are under stress and do not accept the 1R loss you intended. You need to enter the trade with the risk you are absolutely fine to accept if it goes against you. I took the same trade ROKU Trade2: shorting a strong stock - i do not understand these trades why are you willing to risk it. I can not see any sign of reversal so it was a 50% chance with no edge in your favor ROKU trade3: 106.80 was an obvious level but i can not see a double bottom, you took it long but check the volume column, it looked more like a pullback not a reversa, so better wait for confirmation, it looked like a reversal 4 candles later but it could not break the MAs. So it was a valid reversal trade which just did not work as expected, after being in the trade for 8 minutes you should always reconsider if it is still a valid trade and should have exited on B/E on the drop from the MA to your B/E point. But it is now easy to say AAPL trade1: 400 shares looks like someone went rogue... AAPL trade2: I think all ok, regarding the scale out you can always put a limit order to cover but in chops like this i would not recomend to do it as the first partial and keep it manual because you need to react quickly, if you scaled out already some and you want to reach certain level, then it has more meaning to me to put a profit target order but everybody is different and you need to find out what best suits you
  40. 1 point
    October 10, 2019 $DAL, $JD I am still having some confidence issues but overall fighting through them. I started reading the VPA book Norm recommended and it is pretty good on explaining the relationship between price action and volume. I got a partial on $DAL with a little extra after inputting the wrong share size in the range order, and then a 2R on $JD. I left some to run but than the president tweeted about China and everything reversed, so I got out near my 1st partial. Overall a good day. Looking forward to ending the week on a good note tomorrow. Sample Set Results, S P G E E P P P P G 11 12 13 14 15 16 17 18 19 20
  41. 1 point
    Well now that I figured out to post again I post yesterday journal and today. I did not think I would encounter such a big problem after the upgrade. Completely self-incompetence about clearing a cache. Thanks to the BBT Support team for helping out yesterday. October 9, 2019 $AMD Not a bad day today after about a week of re-calibrating and get back into live trading. I was with you on the missed pullback on $AMD around the 5 minute mark. I kept watching $AMD and when it couldn’t push higher above VWAP, I decided to short it a little bit before the close of the 15 minute candle. I got in right as the big move happened, so I didn’t get right at the break of the candle instead a little bit lower. Still a good entry. I just did not get filled on the first leg down before a pullback, but on the second leg I got a partial at the low of the day. I eventually got before my breakeven point because the stock seemed to reverse and the volume started picking up. Eventually, I would have gotten stopped out at the break even point. Sample Set Results, S P G E E P P P 9 10 11 12 13 14 15 16 17 18 19 20
  42. 1 point
    10-10-19 Woke at 0740 with 4 hours sleep and feel pretty good.... SSS, a coffee and muffin...... Read in The Playbook....and a nice quick meditation.... PAT: If I take a SIM of SIM I still need to Manage it properly and not stop out early..... Share size...... Take better setups, A or better..... Notes: No pre 5min trades and all PB#1s will be Sim of SIM for at least the rest of the week... BBBY PB#1.1 .... 2min ORB .... LVL2 ASKs stacking and Tape was printing strong.... +49.00 PB#1 .... 5min ORB .... Same LVL2 and Tape ...... This one I feel great about and also feel like it was an A setup.... 5min ORB with ABCD on 1min and Clear price action..... There was the news that the star CEO of Target went to BBBY and the super large SF of 55% that lead me to the long biased position on BBY ..... +57.25 A quick mistake on the short and covered quickly for BE +106.25 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- I will make this my break of SIM and Live account for my information.... but as I have been doing I will still use my P&L for all trades since I do not have a way to separate them yet....... ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- BBBY PB#3 (A setup), didnt quite get back to the 9ema on the 2min...... took a 25% partial .... added on the next bounce off 9ema..... stopped out just below BE..... the next was an accidental short and covered quick for BE.... then long on the bounce off the 50ma on the 5min and jumped the gun on the partail.... added on at break of VWAP still trending..... and stopped out below VWAP ....... -19.50 DAL PB#3 (A setup) again a bit above the 9ema on the 5min holding it back from an A+...... the 9 and 20ema had just crossed the 50ma on the 5min about 20min prior to entry.... I found this after I came back from a break..... I entered with 3/5 share size and added to full share size once price action confirmed it (this was a bit late and slow on the triggerand after review this should have never been an add here )..... once into this time of day I mostly use the 5, 15 and 30min charts..... the stop I had was a solid break of the 20ema on the 5min.... when I added at a bad level it did extend my stop loss to over 1.5R, I did get lucky as it never fell below -0.5R... at about 1430 I had to go out for awhile so I sold all but 96 shares (I really did not want to leave this) and left myself a wide range order figuring I would be back before market close.... I got back about 2 min before market close and closed my position within the last two seconds of market.... +201.75 Cons: I took too much size on DAL Pros: Found A setups...... respected my stop loss...... switched my charts so that the 1 min was no longer there then about noon I took off the 2min chart Favorite Trade: BBBY second trade PB#1 and third trade PB#3 Notes: Found a good setup on BBBY that I still after review feel very good about even though it turned into a small loss... And took too much size on DAL..... R = 50.00: +288.50 / +182.25
  43. 1 point
    Yes, but you'd need to do some config before hand. You need to go to the titlebar of each chart window you want to change (see image) and give it a unique name. For my example, I changed my B-Montage 1minute chart name to "CHARTB1M" and my A-Montage to "CHARTA1M". You then need to do a hotkey with FOCUSWINDOW CHARTNAME; CHART-COMMAND for each chart you want to switch. So for my example, changing two of my designated charts from 1minute to 5minute, my hotkey would be like this: FOCUSWINDOW CHARTB1M; ZoomFit;MinuteChart 5 10d; NumBar 50; FOCUSWINDOW CHARTA1M; ZoomFit;MinuteChart 5 10d; NumBar 50;
  44. 1 point
    Hey Skye, I have a hotkey that you can double click the chart, hit a hotkey and it will buy the correct shares and set a stop. I also have a separate hotkey where you can double click your stop and it will put a range order in for 2:1. If you’re interested in either of these let me know. My biggest project now is trying to figure out how to combine the 2 hotkeys into one. I would like to double click my chart at the stop, hit one hotkey and that will enter the position and put a 2:1 range order in. Let me know if any other this would help you out. Thanks !
  45. 1 point
    i think you started to scale out too quickly on the first one but ok as a trade. if your risk was 1R then your scaling started before the 1R was reached (you want to start to do that on 2R preferably to maximize profits on working trades) the second trade was a pure bet on reversal which i can not see on the charts the third was a revenge + bet on something which had no clear risk/reward ratio and no strategy - you just got lucky and on the scaling out it is seen that you were quite stressed do you know on what technical criteria you entered 2nd and 3rd trade? i just cant see that
  46. 1 point
    Not sure, better to ask DAS Support [email protected]
  47. 1 point
  48. 1 point
    Hi guys ! shared my setup, layout and hotkeys configuration here ! bock in dark theme and andrew's theme red over white !
  49. 1 point
    Hi guys! I finally got my trading station ready! First of all I really want to thank everyone posted here, I read every comment, every detail and everything you posted, in conclusion I could build my own trading station! I actually lost all my trading capital building the station and hopefully becoming a life time member, but after thinking about it and reading @Andrew Aziz book I learned that it's an investion I've to do in order to become a successful trader. First lose money! Then make it :D, I'll be in simulator until I save money for trading So, let's go to the details! 1)Graphic card ASUS GeForce GTX 1080 8GB ROG STRIX Graphics Card (STRIX-GTX1080-A8G-GAMING) I wanted to buy the MSI Gtx 1080 gaming 8 x8gb but it wasn't available in my country, so I went with this 2)Mother board GIGABYTE H370 AORUS Gaming 3 WIFI (LGA1151/Intel/USB3.1 Gen 2 Type A,Type C/HDMI/M.2/ATX/DDR4/Motherboard) 3)Ram CORSAIR VENGEANCE LED 16GB (2x8GB) DDR4 2666MHz C16 Desktop Memory - White LED 4)CPU Corsair CX Series 750 Watt (2017) 80 Plus Bronze Certified Non-Modular Power Supply (CP-9020123-NA)I actually got 100w, but couldn't find it in amazon, you actually don't need 1000w, 750 is more than enough! I think even 650 will work, but I couldn't find 750 in my country as well 5) Cooler ARCTIC Freezer 33 eSports ONE - Tower CPU Cooler with 120 mm PWM Processor Fan for Intel and AMD Sockets - for CPUs up to 200 Watts TDP - Silent and Efficient (White) 6)Processor Intel BX80684I78700 8th Gen Core i7-8700 Processor 7)SSD, ADATA SU800 256GB 3D-NAND 2.5 Inch SATA III High Speed Read & Write up to 560MB/s & 520MB/s Solid State Drive (ASU800SS-256GT-C) 8)Hard disk 2tb WD Blue 2TB Desktop Hard Disk Drive - SATA 6 Gb/s 64MB Cache 3.5 Inch - WD20EZRZ you'll need an ATX box I believe but it depends on your style :DD With the box this whole setup cost me 1450$ from a local store, I also have 4 philips monitors 24 inch each cost 100$+ a cheap desk xD 60$, gaming mouse and keyboards because I love games, both cost 80$, and a stand for 6 monitors which cost 120$, 3 hdmi cabels, 1 adapted from vga to display port, another from hdmi to display port. I believe that's all!
  50. 1 point
    Toan, try changing the Global Default Order Configuration: Go to Setup > Order Templates For Q---Nasdaq, change Account in drop down Hit Apply For N---NYSE, change Account in drop down Hit Apply If that still doesn't work, for each Montage: Right-click the order entry area > Order Template Check Use Global Default
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