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Mark D.

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Mark D. last won the day on August 13

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  1. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Thursday August 15th, 2019 Sleep: 7 hours. Mood: good, ready to trade but busy all morning. First trade was an ORBU in CSCO. Almost took this in sim because the 50 MA was resistance on the 15 min chart and because i was afraid it wasn't going to break the HOTD but it did look like it was going to pop so i got in risking a new 2 min low. i planned to take half off at the 50MA on the 15min chart, which i did and then i held the rest to a new 2min low which happened immediately. Going back, I would have either taken all off at the MA or got out the other half at break even i pretty much broke even on this trade. GOOD: didn't FOMO and jump in, got in on a plan and did pretty well executing RFI: didn't have a full exit plan and ended up giving some profit back MOOD: good CONSISTENT: yes, but need to plan more Next trade was in $GE. took a reverse ABCD. My stop loss above VWAP at $8.52. I wanted to get in at $8.41 which would have been an ~2R to the $8.21 daily level. ended up hesitating on the new 2 min low then again on the new 5 min low, finally got in on the break of the low of pre-market at $8.38 giving $0.14 risk. it made new 5 min lows but it was not selling off like i thought it would. as soon as i got in and saw the daily range of 60 cents and saw my reward being $0.30 (2R) or $0.45 (3R) i figured it wasn't possible so i wrestled with the getting out because i didn't accept my risk or because it's just not selling off like it should be. finally decided to get out after a new 2min high, i just bailed at break even. glad i did because i would have got stopped out. it ended up doing a VWAP false break and then selling off hard. should have jumped back in but i don't have that capacity as a trader yet. i get too stuck on my opinions once my minds made up about the direction the stock is going to head. GOOD: got out of a trade that wasn't working RFI: too far of a risk given the range of the stock MOOD: fine, glad i got out. CONSISTENT: yes, ended up being a good choice to get out at break even What i did good today: trade management better than Monday and Tuesday What i did bad today: should have got all out at BE on $CSCO. What can i do better tomorrow: work on not letting my personal bias on a stock direction effect my trade entries. Can't trade tomorrow so this is it for the week. Ended up at almost exactly break even for the week. hope everyone has a green trading day and green Friday!
  2. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Wednesday August 14th, 2019 Sleep: 6:45. Mood: good, excited to trade but feeling cautious this morning after Monday and Tuesday's results. Saw the harmonious short in AMD. it broke the pre-market low and was down trending on all the time frames. i waited for a pullback to the pre-market and even dollar $31 for the entry but pulled the trigger a little early. set my profit target for 3R and once it never really got close to my stop, hit my profit target on the second LOTD break. Extremely happy with this trade. GOOD: setup, R/R, entry, exit. well executed trade. RFI: could have got a better entry MOOD: pride. feel really great getting one trade that puts me flat for the week CONSISTENT: yes What i did good today: pushed myself to take a trade in the first 15 minutes What i did bad today: could have got a little bit better entry What can i do better tomorrow: keep trading good setups
  3. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Tuesday August 13th, 2019 Sleep: 8 hours. Mood: good, ready to trade. took one trade in $MU. tried to do a 15MIN ABCD. got in on a new 2min high with volume on the 2min chart. it did a 2min engulfing the next candle which is a signal for me to get out but instead i held to my stop loss. GOOD: entry was good, stop loss was appropriate RFI: too flat for a true ABCD. had an early exit signal that i ignored. MOOD: frustrated CONSISTENT: yes, stuck to my plan What i did good today: waited for an entry on volume, stuck to my stop What i did bad today: I want to practice getting out of trades when i see clear indication is't not working and i should have done that today but i didn't What can i do better tomorrow: keep taking setups. Other comments for tomorrow: i want to keep trading but i'm tilted now so i'm just going to trade in sim. i do feel like i'm going a little crazy because i see the things i need to do after the fact but then everyday i keep repeating the same mistakes over and over. there's really nothing else to do besides keep practicing but it does feel like walking through quicksand some days.
  4. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Monday August 12th, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade was a 2min ABCD in FTCH. didn't take it the first one for the ORB because i didn't like the spread. then i didn't take the second one out of fear, finally took it on a pullback with a new 2min high hammer. great entry. it went up close to the HOTD but couldn't punch through and i got stopped out. GOOD: entry, R/R, exit at stop RFI: felt the trade wasn't going to have the volume and momentum to follow though on the move. gut was right. MOOD: fine, glad i got out at my stop CONSISTENT: yes, exactly to plan i noticed in my July trade review session that if i get stopped out. I pretty much always stop out on the next trade so I was thinking about only taking 1 trade a day to combat this. i decided though that i can't just take a 1R loss and be done with my day every time i stop out on my first trade so i took another trade in FTCH. it looked like it found a bottom and came up above VWAP and was holding the MAs on the 2min chart. i waited for an entry right on the MAs. nailed the entry, it just couldn't get the momentum to make a new highs and once it made a new 5min low, it dumped. i blame myself for not getting out on that new 5min low. i half figured that it might do a fake out and head higher but i should have been watching, instead i chose to shut the window and use the bathroom. got stopped out at my original 1R loss. GOOD: entry, stop loss level, setup RFI: should have got out earlier. MOOD: disappointed to start the week down -2R CONSISTENT: could have bailed earlier but i stuck to my plan. took a reverse ABCD in AMD on SIM that worked perfectly. should have just waited for that setup. didn't take it live because i'm at my max daily loss and it would just stop me out the moment i get in. What i did good today: did a great job with my entries and exits today. What i did bad today: traded FTCH which didn't have the volume to follow through on moves. What can i do better tomorrow: stop revenge trading the same stock i get stopped out in.
  5. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Week 32 Recap Ok week for me. Two live trades both winners. I regret not taking a couple other trades I was on Tuesday and Wednesday. Friday, I saw a trade in the afternoon that I almost took live but didn’t because I don’t trade in the afternoon but it ended up being a great trade. · Weekly stats o 2.9 planned R/R (Goal: above 3.0) [Previous Week: 2.5] o 8/8 100% (Goal: above 80%) [Previous Week: 94%] o $41.50 (Goal: $150) [Previous Week: -$73.67] o 2/2 100% trades with the trend (Goal: 100%) [Previous Week: 33%] o ½ 50% Non-optimal Entries (Goal: 0%) [Previous Week: 42%] o 0/2 0% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o 0/2 0% No Setup (Goal: 0%) [Previous Week: 17%] o 2/2 100% true win percentage (Goal 45%) [Previous Week: 33%] · Highlights o All green trades this week o Great handle on emotions o Taking 1 live trade a day seems to be the right thing to do. · Ongoing things to work on o Have to take that 1 trade everyday o Try next week to take 1 live trade every day. o I’d like to work on my ORB setup in sim next week o Keep working on sticking to 3R range orders.
  6. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Friday August 9th, 2019 Sleep: 7 hours. Mood: good, ready to trade. quiet morning. no trades today. didn't like the market action in the first hour so i didn't take any live trades. took some sim trades in the afternoon. one in AMD worked great, got chopped up in MU
  7. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Thank you! You're right, I just don't like the total return less than 2R
  8. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Thursday August 8th, 2019 Sleep: 7.5 hours, Mood: good, ready to trade, quiet morning. Only took one trade today. i took an ascending wedge in AMD. After watching Aiman's recaps, all i'm seeing are wedges! i got in right at the break of HOTD. I was nervous about this trade because i get burned a lot taking trades at day lows and highs. i ended up taking off half at a daily level that i was thinking was 2:1 but realized it was only 1R. sold another half when it was hesitating to go higher and the final piece at 3R with a new 5min low. i should have just set my 3R range order and sat on my hands but i just didn't have the confidence this was going to work. i was planning on adding more on a pullback to the 9EMA on the 2min but it never happened. GOOD: took a trade! RFI: partialled too early MOOD: good CONSISTENT: no, selling was not to plan. What i did good today: took a good trade What i did bad today: nerves killed my exit strategy What can i do better tomorrow: stick to 3R plan.
  9. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Wednesday August 7th, 2019 Sleep: 7 hours. Mood: busy with work stuff all premarket. didn't take any live trades again. i wanted to take the WW ABCD but the spread was high and as soon as it broke the new 2min high it jumped 30 cents and i didn't want to chase it. took another ABCD in WW but in sim. it is currently in my favor 1R but i don't know if it's going to hit my PT. i did not take this one live either because it's getting later in the day and it looked like it wasn't going to break the $29 level so i took sim just to keep myself from taking a dumb live trade. My fear of entry is starting to worry me on the surface but the more i think about it the more i'm fine with it. my immediate concern is that if i keep missing these good trades i'm going to end up FOMO'ing a bad trade. I seem to be oscillating between overconfidence causing me to take too many trades and being too fearful to take a good ones. That being said, i think one of the most important parts of trading is finding that sweet spot between fear and overconfidence and i see my current situation as part of the learning process that will help me eventually get it right.
  10. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Tuesday August 6th, 2019 sleep: 6.5 hours. Mood: good, ready to trade. a little tired. no trades today. didn't like anything for ORBs and i almost too ACB on an ABCD but after making a new 2min high, it didn't have the momentum to move higher so i didn't get in. like SQ for an ORBD but i didn't like the 200 and 50 MA on the 5 minute chart at the time but looking back i could have used those as profit target. i thought the price would just bounce around the two. missed two more short entries at pullbacks to the MAs in SQ. oh well.
  11. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Monday August 5th, 2019 Sleep: 7 hours. Mood: good, ready to trade. I spent a couple hours reviewing all of my July trades and i'm working on making a longer post this week but from my initial pass it looks like when i'm wrong, i'm immediately wrong and when i'm right, i'm catching a nice 3-4R move. i looked in to scaling out more but only on two or three trades would that have made sense last month. Goal moving forward is to stick to my 3R range orders and just try and make sure i'm taking setups that i'm comfortable with and getting good entries. Giving up on the momentum trades again for now, they're just not in my wheelhouse. First trade of the day was in TWTR. almost took it short on the new 5min low at 10 but it wasn't a good R/R to the LOTD so i held out. played this as an MA trend plus reverse ABCD. stop was a new 5min high, got in at the break of the first 2min low after touching the 9MA on the 2min chart. Almost got stopped out, it came within 4 cents of my stop but then it started making a descending wedge and once it broke lower, it hit my 3R profit target. GOOD: stuck with my trade, went according to plan RFI: could have got a better entry MOOD: good CONSISTENT: yes. What i did good today: took one good trade What i did bad today: still taking entries at new lows and not on pullbacks What can i do better tomorrow: wait for better entries
  12. Mark D.

    Mark D. Day Trading Journal - Live 2019

    thank you! sure, here's a dropbox link: https://www.dropbox.com/s/i3b8wfi9903dobq/Blank Trade Log 2019.xlsx?dl=0
  13. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Week 31 Recap Rough week for me. Hit my usual 33% win percentage but none of my winners were greater than 1R. Decided to start taking more live trades at the open and I just got beat up Thursday and Friday. Back to my slower trades after the first 15 minutes are over. · Weekly stats o 2.5 planned R/R (Goal: above 3.0) [Previous Week: 2.4] o 45/48 94% (Goal: above 80%) [Previous Week: 100%] o -$73.67 (Goal: $150) [Previous Week: $5.56] o 4/12 33% trades with the trend (Goal: 100%) [Previous Week: 33%] o 5/12 42% Non-optimal Entries (Goal: 0%) [Previous Week: 33%] o 0/12 0% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o 2/12 17% No Setup (Goal: 0%) [Previous Week: 33%] o 4/12 33% true win percentage (Goal 45%) [Previous Week: 33%] · Highlights o All stops respected o Added rules for position sizing o Had a good 3R trade in MYL that would have worked had I not given up on it · Ongoing things to work on o Have to capitalize on winning trades o Practice taking all setups next week o Better entries
  14. Try some range orders on your midday trades and go do other stuff instead of watching every tick
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