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Mike B

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Mike B last won the day on October 21

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  1. October 21, 2019 Started setting up an office in the house and traded from it today. Didn't work out to well as the data speed was not where I needed it with the Wifi. Contacting the cable company to turn on the port, so hopefully next week it should go better on Monday. Trading from my normal spot for the rest of the week. Sample Set Results, S P G E E P P P P G G P 13 14 15 16 17 18 19 20
  2. 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.
  3. 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
  4. I have the same problem. The thing that has helped me out is developing exiting rules, just like I have entering rules.
  5. 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
  6. 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
  7. 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
  8. 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
  9. Nice Short on $DAL, looks like we got almost the same entry.
  10. 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
  11. 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
  12. Oct 3, 2019. $CLF I have had some trouble sleeping over the last few days. So I have chosen to really take it easy this week. I am hoping tonight I will be able to sleep through the night. The gappers this morning was rough for me as everything was high priced or low priced. Nothing really within my pre-market scan. I decided to go with $BBBY, $TSG, and $CLF. I ended up trading $CLF due to the economic news and the price action just did not seem like it could push higher. It was really no strategy at all just watching the price action. Overall it was a terrible trade that worked out for a small partial. Looking back it was like a combination of strategies (15 min Orb, and MA-X). Learning. If I don’t get at least 7 hours straight of sleep tonight, I will be in Sim tomorrow. Sample Set Results, S P G E E P P 8 9 10 11 12 13 14 15 16 17 18 19 20
  13. Oct 1, 2019. $FAST Well today the plan was to take 5 min and 15 min Orbs and then transition to Sim to work on a new entry plan. Went well in the morning, except that I didn’t get any orbs to trade. Everything moved without pulling back to VWAP and I do not like trading SSR stocks, so that eliminated some of the good brokerage stocks. $SCHW was a good one and I almost took it before the 5 minute when it lost VWAP, but I was pretty amendment that I was only trading within my plan today as I have a rough couple of weeks. In the afternoon, started off well taking a sim trade on $MU and then looking at the scanners for another stock to take a trade on. Found $FAST off the Reversal with volume scanner. I took an entry on it as it had a setup. I was a little late on it but decided to go with it anyways because I was trading sim, oh but wait, nope that was a live entry I took. I thought about just getting out, but said to myself it met your trade requirements, just a little late on the entry. Might as well let it play out maybe it works maybe it doesn’t. I got a partial and then stopped out at B/E. Overall a good productive day. I still need to work this entry a little bit. I think I have zerod in on a better entry spot that allows me to get a partial at a good level. Meaning that the partial occurs right were the stock will either continue to moving in my direction, or it goes back to my entry point. Sample Set Results, S P G E E P 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  14. September 27, 2019 - Missed this journal when doing my weekly review and notice numbers were not adding up, so I inputted the correct sample set results Sample Set Results, S P G E E 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 September 30, 2019. - SIM Day I got around 5 ½ hours of sleep. When I woke up I made the decision that if I could get through my notecards without getting confused or mixed up than I would consider trading live. Well that didn’t happen, so I decided to trade Sim. After the last couple of weeks I been struggling with the hesitation on my new strategy, so today I decided that if my setup was there and I could get an entry using a limit order at the break of the 5 minute that I would take them all. Additionally, I wanted to have some fun at the open so I decided to trade any setup I saw regardless if it was within my playbook. I wanted to have fun at the open today. In all I took 5 trades, at one point I was in three different trades at once all with range and limit orders. My first trade was on $CCL and my last exit at the end of the day when I had to go to a meeting was $CCL. I held it from 9:40 to 3:03. It chopped all day in between my stop and 1R out. Yes I had a huge stop, way too big. Overall, I had a fun day and I needed it and I got some valuable reps on entering limit orders for my new strategy. Although I only got 2 entries, I think I put in at least 5 orders that just didn’t get filled because the stock didn’t break the entry point and instead made a new high/low causing me to cancel the order.
  15. Great job on respecting your Stops. This is a very important trait to master in order to become a consistent profitable trader.
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