Jump to content

Mike B

Lifetime Members
  • Content Count

    151
  • Joined

  • Last visited

  • Days Won

    27

Mike B last won the day on April 14

Mike B had the most liked content!

Community Reputation

140 Excellent

4 Followers

Recent Profile Visitors

367 profile views
  1. Great risk management on $BX. I was watching $BX too but the price action was to crazy for my tolerance level to get in.
  2. April 18, 2019 - Nothing I had limited time for trading this morning. I was watching $CRON and $BX. There was a possible setup on $CRON, but I was not comfortable with the price action around VWAP, so I choose to sit on the sidelines. $BX was to crazy of price action for me to get in. Sample Set Results P G S P E S P P P S G 12 13 14 15 16 17 18 19 20
  3. April 17, 2019 - $MU & $AMD (Stopped x 3) Painful day today. I definitely did not execute my trades well. All three trades, I did not do any risk to reward analysis prior to entering. The worse of the three was $AMD. I entered without a profit target or any basic analysis, just that I looked over and saw the 1 minute chart looked good for an entry, so I entered. I was also in the second $MU trade at the same time. I cannot think of a time live that I have traded two stocks at the same time. Anyways, I exited $MU before my stop because I loss faith in it, not that there was really a technical level to get out and focused on $AMD. Once I did that I realized I probably should not be in the $AMD trade either, so I exited. The one thing that you cannot see on the $AMD chart is that price action was moving towards VWAP. I will say the one thing I am proud of is that I did not go past my daily max loss and I truly was not bothered by the monetary losses, it was more that I was not executing my entries and risk to reward analysis. I think I was forcing the trades instead of letting the setup develop, because looking back it looks like I was stopping out when I should have been entering. Sample Set Results P G S P E S P P P S G 12 13 14 15 16 17 18 19 20
  4. April 15, 2019 - $WFC (Stopped, Profit Target) My first trade I got stopped out. I remained calm and after the stock had a couple of indecision candles with high volume, I took my second shot at the stock when it broke the opening range again. I rode it up to the profit target. I had one hotkey mistake as I added to my position instead of covering everything. I quickly recovered and exited the trade. After reviewing the trade, my profit taking could have been much better. There was no reason to take my second out until I hit my profit target and I should have let rest run until another technical level or indicator that the move had ended. As William H would say, there was no new 1 minute lows. Sample Set Results P G S P E S P P P S G 12 13 14 15 16 17 18 19 20
  5. April 12, 2019 - $AMD (Partial + 1) Took a 5 min ORBD on $AMD. I got a partial, and took another half out near the profit target. I exited when it broke the 9 EMA. Another good trade on $AMD. Eventually, after a strong pullback it went down near my profit target. Sample Set Results P G S P E S P P P 10 11 12 13 14 15 16 17 18 19 20
  6. April 11, 2019 - $AMD (Partial + 1) Took a 15 min ORBD on $AMD. I got a partial, and took another half out near the profit target. I exited when the stock came back to my first out. Overall I was satisfied with my execution of the trade. Sample Set Results P G S P E S P P 9 10 11 12 13 14 15 16 17 18 19 20
  7. April 9, 2019 - $AMD (Stopped out) April 10, 2019 - $AMD (Partial) Missed posting yesterday as I had some unexpected traveling occur. Below are the past two days trades. Overall I was happy with the trading; however, today I missed an entry on $DAL (15 min ORBD), because I worried too much about being wrong instead of just trading the setup. Still working on that issue. Sample Set Results P G S P E S P 8 9 10 11 12 13 14 15 16 17 18 19 20
  8. April 8, 2019 - $MU (Distracted) I was ready to take the entry on $Mu and got interrupted, so I missed the entry on $MU around the 8 minute mark. By the time I got situated back into my trading station, it was like the market data was moving faster than I could process. I just felt behind in everything I was looking at. As it is a travel day, I packed it up and head to the train station. Sample Set Results P G S P E 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  9. April 5, 2019 - $AMD (Missed Entry) I was hesitate and missed an entry on $AMD for a 5 min ORBD. I was worrying about being wrong instead of just taking the trade that had a great setup. I think the rough week of trading errors and just not executing well contributed to my hesitation today. Overall though I was pleased that I did not compound it more by chasing a trade or entering a trade that did not meet my setup criteria. I will call it a win this week. Sample Set Results P G S P E 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  10. April 4, 2019 - $SGMO (Unsure how to classify it) I took a 5 min ORBD on $SGMO, my first entry was a hotkey error and I went long instead. I exited and re-entered, when I checked my open positions I had (1) share. At that point, I exited the trade and moved on to looking for 15 min Orbs. I didn't find any, so I switched to simulator to sim if I could replicate the issue on $SGMO. I could not, so I have no idea why I only got filled with (1) share. Sample Set Results P G S P E 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  11. April 3, 2019 I am not sure what is worse, missing an entry on a great move or taking a great entry on a great move and than realizing you were in your simulator account. Today, I came face to face with the Emotional Hulk after making a blind trading error. I tried to take the Emotional Hulk head on and quickly realized it was a terrible idea, so I closed the computer, called it a day, and went on a run to get the frustration out. I realized I was in sim after my first out, and then closed the position. I tried to recover after switching to my live account but my emotions had the better me, so I did not take any other trade.
  12. April 2, 2019 - $JAMD (Sim) I missed an entry on $AMD as I hesitate just a little bit because I did not want to trade before the 5 minute mark. I than looked for a 15 min Orb, but did not find anything. I decided to sim trade a VWAP reversal on $AMD. I got before my stop as it took to long to develop, but I was ready to get back in if it broke my entry point again, which it did. Made it all the way to VWAP and I wanted to see if it could run some more as their seemed to be a lot of buyers. I got out just above break-even when the stock engulfed the previous 5 minute candle. If you look at the time frame later, it eventually did what I was looking for and made a huge move back to the high of the day. Sample Set Results P G S P 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  13. April 1, 2019 - $JD x 2 (Stopped Out, Partial) I am amazed how much more comfortable I getting stopped out. Today, I got stopped out and started looking for another trade, saw another opportunity on $JD and got a partial out of it. I than went looking for 1 15 min Orb but did not see one that my edge. A month ago I would never of been able to do this while being in control of my emotions. Sample Set Results P G S P 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  14. March 29, 2019 - $BB & $AMD (Partial, Hit Profit Target) I am still adjusting my next sample set (Profit taking Plan) a little before posting the parameters here; however, on Friday I set a goal to trade a 5 min Orb and 15 min Orb live if I could find 2 stocks that met my trade criteria. I wanted to see the emotions and nervousness that I would experience adding an additional strategy. It went well and I was happy with my execution. Sample Set Results P G 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  15. March 28, 2019 - Nothing met my edge, but I did take a sim trade on $AMD working the engulfing strategy that I will be incorporating after this sample set.
×

Important Information

By using this site, you agree to our Terms of Use, Privacy Policy and use of We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..