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Mark D.

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Mark D. last won the day on January 5

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  1. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Wednesday January 23rd, 2019 Sleep: 7.5 hours. Mood: good, got in the chatroom early and am prepared for the day. noticed when i opened DAS this morning my P&L didn't change and realized i had my dang montage in SIM. i think i was messing around with stuff last time i traded at work and forgot to switch it back. bummed about that. first trade was an ABCD in PG that failed a new 5min low so i got out at my stop loss. GOOD: got out at my new low and got out of the way RFI: it was a risky trade. and it double topped and i held on. could have got out at b/e. MOOD: fine, happy to get out at my stop. CONSISTENT: yes. took the same trade again in PG but with a better entry, it made a new 5min high then another but then just couldn't get over $96 and i got out for a small loss. GOOD: got out better this time RFI: could have got out earlier. MOOD: ok, it was a small loss. CONSISTENT: yes So i had a meeting at 10 so i set a stop range on my last trade in PG. what i can figure is that i had too many shares in the order because by the time i pulled it back up in my laptop i was stopped out of the previous order and then stopped out of a new order for 82 shares! lost more than my max loss. i should have confirmed the order before undocking my computer. GOOD: risk controls stopped this from getting out of control. thankful to have them in place even though they cost me a full risk that i had not planned but it is what it is. RFI: i really struggle with my stop orders. i need to confirm and then reconfirm that the order is correct before walking away MOOD: eh, not that bad. CONSISTENT?: N/A so the next trade was a beautiful short in PG that was going my way great and i was on track to make back all my losses in one trade. noticed I WAS IN SIM AGAIN. i never changed my DAS settings on my laptop setup from last year. this trade really tilted me. GOOD: great call on the trade, PG triple topped so i figured it had nowhere to go but down. RFI: you have to make sure your in the trade. this sim/no sim has been an issue. need to work on that. MOOD: extremely angry, beat down. CONSISTENT: no, need to make sure you're in the trades. I wanted to wait for a pullback in PG to $95 but instead saw a trade in TEVA. it was trending higher but as soon as i got in the volume died and i held on way too long and took a full loss. GOOD: got out at my stop RFI: bad trade management, bad R/R, should have checked volume. that PG sim trade tilted me big time and this trade was not well thought out at all. MOOD: just frustrated and done. max loss day. CONSISTENT: no, should have got out earlier. if it's my last trade for the day and i'm in the red i hold on to my trade too long. What i did good today: PG trades were well thought out and planned nicely What i did bad today: Technical issues in DAS and using my laptop killed me today. hit max loss. Worst trade of the day and why?: TEVA wasn't even a good setup. i was tilted from not making money in my PG short and i let my emotions ride on this one. What can i do better tomorrow?: make sure you're montage is live every morning before trading. double check your stop orders both before and after they are placed. Other comments for tomorrow: really frustrating to have a good trading day turn bad from not paying attention to my orders and stop settings. BUT i traded well (except for TEVA)
  2. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Tuesday January 22nd, 2019 **NOTICED THE NEXT DAY MY TRADE WAS IN SIM******* Sleep: 7.5 hours. Mood: good, excited to trade. ready to work on making consistent trades. took an ORBD in EBAY. risked the MA on the 5min chart for the daily level at $34.63. sold my first half too early then held on to my second half and got out a little bit lower but not great. should have held on and sold 75% at my target and held the rest until b/e. My journal is telling me my first sell is typically too early and that was the case again on this trade. GOOD: entry was good, waited to see if it was going to break the LOTD before hoping on. it didn't give me any trouble coming close to my stop loss RFI: position size again is an issue and getting out too early is still something to work on. MOOD: ok, disappointed in my sizing and selling but making money is always better than losing. CONSISTENT: no because i sold at weird spots. have meetings at 10:30 so that was my only trade. Mad that i didn't get in short in HAL at the VWAP, that would have been a really nice trade. What i did good today: took only trades i was confident in. What i did bad today: position size and selling What can i do better tomorrow?: selling at my profit targets and get better risk levels to get more shares. Other comments for tomorrow: Keep your head in the game tomorrow and don't FOMO trades because you missed them today.
  3. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Friday January 18th, 2019 Sleep: 7.5 hours. Mood: good, ready to focus on taking good trades. Took a long trade in SLB risking the MA on the 1min chart for a level to a found daily level. got chickened out a little bit and sold half early. Held the rest for the profit target GOOD: good entry, I waited for a pullback to get a good R/R RFI: i should have held my first sell for my profit target. wish i had more shares, i set my risk level too far from my entry MOOD: happy to have a winning trade CONSISTENT: not on the first sell, yes on the second. Next trade was a bull flag in CRON. it sold off below the VWAP but then came back up and started making new 5min highs. i got in on a pullback risking the a new 5min low from the flag to the HOTD. sold half at the HOTD and then scaled out the rest to $15.00 GOOD: good trade management RFI: initial R/R not good MOOD: good, really happy with this one CONSISTENT: yes. What i did good today: practiced patience and a cool head in making trades. What i did bad today: selling my winners too early What can i do better tomorrow: make your first sell at you profit target. Other comments for tomorrow: keep focusing on trading and don't rush.
  4. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Thursday January 17th, 2019 **sim trading** Sleep: 7.5 hours. Mood: good, ready to get back to basics and start making consistent winning trades. First trade of the day was on ORBU in PCG. the 5min trend was down but it had a good buy up over VWAP in the first five minutes so i got in long, it made a new 5min high but lost momentum and started making new 1min lows so i got out of the way. GOOD: got out of the way. RFI: overall trend was down so i should have been looking for short opportunities. MOOD: fine CONSISTENT: yes. Next trade was a short in MS. it looked like it was going to engulf below the VWAP so i got in short, but i was too early. it pulled back to the MA on the 1min chart and was holding there so i added more. sold some at the PPDL and the rest at another level below that. GOOD: nice add on the rush in RFI: got in too impulsive, got out too soon. MOOD: happy for a winner CONSISTENT: yes. Next two trades were in SIG. the first was a reversal MA trend to another low. sometimes these stocks will sell off at the the open then pull back to a MA on the 1min then go on to make new lows. i waited for the pullback and then got in on a new 1min low. it did drop but it was not going through the LOTD so i bailed for a b/e small loss. then i noticed it bounced off the LOTD about 6 or 7 times so i risked that for a bounce back to the VWAP. called it correctly but sold half about a minute too soon. got out the rest at a good price. GOOD: good ideas, pretty good execution RFI: sold my winner too early. MOOD: good, happy to be making the right calls. CONSISTENT: yes. Next trade was the same type of LOTD reversal but in PCG. after i got in, the 5min chart made an indecision doji and i thought that if we didn't make a new 5min high there was a good chance this would go lower. it came up but not close enough for a new 5min high so i bailed at b/e GOOD: got out when the trade wasn't working. RFI: ? MOOD: ok CONSISTENT: yes Last two trades of the day were long trades in TSM. i wanted to take this short at the PDC if the 5min closed below it at 10:30. unfortunately i was not watching and i made that move without me. But i saw that it dead stopped at the VWAP so i thought it would make a good long. i got in risking the VWAP and new 5min low for it to come back to the PDC. the first stab at it didn't work and i got out at my stop loss. i could have bailed on this one earlier. once it came back above the VWAP and made a new 1min high i got in again for a nice move back to PDC. GOOD: got back in when i saw the trade was still viable. RFI: got in too soon on the first one and didn't get out soon enough MOOD: happy CONSISTENT: yes What I did good today: kept my head in the game and had a great day executing. I’m noticing the substantial emotional difference between live and sim trading. What I did bad today: I’m getting crushed on my ORBs this week. Worst trade of the day and why?: ORBU in PCG was dumb move What can I do better tomorrow: So me hitting my profit target with no stress has me really concerned that it’s solely my fear of losing real money that’s holding me back. I have no idea how to fix it. I think the only way to fix it is to just keep focusing on making good trades and just slowly get used to the feeling of losing money. Other comments for tomorrow: Back to live trading tomorrow. Just practice making good trades and work on emotional control when you’re getting stopped out.
  5. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Wednesday January 16th, 2019 Sleep: about 7 hours. Mood: rushed this morning getting to work late and not having my typical 20 minutes to get ready for the trading day. first trade was an ORBU in FDC. i did not see that it was below the VWAP until after i got in the trade. I should have got out sooner than i did but got out before my auto stop. GOOD: got out before the autostop RFI: bad trade, this was not thought through at all. MOOD: dissapointed in myself for not paying better attention before hoping in. CONSISTENT: yes, i bailed on the trade when i saw it was going bad. next two trades were in BAC. the first one i went long when i saw that the stock broke VWAP on the 5min and then got bought back up. i got in long risking a new LOTD to the HOPM. i got cold feet and got out before it hit my stop. it turned out to be the right move eventually but it was really choppy for too long. I have no idea why i got in short risking a new 5min high to some level way below the LOTD. got out of this one at b/e when i noticed it wasn't going to break the low. GOOD: got out when the trade wasn't working RFI: too choppy to be trading. MOOD: disappointed and frustrated. CONSISTENT: yes. Next trade was an engulfing long in PCG. i felt like this trade was the right move, it bought up above the VWAP, then made a new 5min high so i felt good about the trade. then the volume just died and i bailed. GOOD: got out when the volume died. RFI: R/R not good. MOOD: disappointed and frustrated i can't catch a winner but happy with my trade management CONSISTENT: yes. Last trade of the day was a long off the VWAP. Like the last trade in PCG, I felt like I did the right thing. the stock was trending higher on increasing volume consistently making new 5min highs. i waited for a pullback to VWAP and got in long, good R/R. then it made a new high but pulled back violently from the PPDL. I should have bailed right then but i held on for a full stop loss. this turned out to be a VWAP false break out. i'm not trading well since i started trading live. i would have taken the other side of that trade in SIM. i'm not giving the VWAP trades enough time before getting in. GOOD: good plan, good R/R. RFI: bad execution. should have got out long before my stop loss. MOOD: beat down. CONSISTENT: yes. What I did good today: for the most part, managed my losses. What I did bad today: just being on the wrong side of every trade. Worst trade of the day and why?: ORBU in FDC. Absolutely the wrong thing to do, it was a very dumb trade. I did spend enough time thinking that through before getting in to the trade. What can I do better tomorrow: need to work on my strategies, I’m trading terribly. Other comments for tomorrow: back to sim to work on my strategies. No point in keep losing money everyday being on the wrong side of every trade. I’m always trading SIM on Thursdays since last week’s disaster but also I need to readjust and refocus on getting my win percentage above 45% and my winners need to be much better than they are now.
  6. thanks Marek, i'll check those out
  7. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Tuesday January 15th, 2019 no trades today.
  8. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Monday January 14th, 2019 Sleep: 7 hours. Mood good, ready to trade. First trade was an ORBD in MU. Stopped out at the VWAP. GOOD: good entry, good risk target. RFI: could of got out when it failed to make a new 1min low MOOD: ok CONSISTENT: yes. Next trade was a VWAP reversal in WDC. WDC sold off in the first 15 minutes then came back up to VWAP. I got in short, a little bit too early and got stopped out. GOOD: good idea RFI: it was trending higher so I should not have got in counter trend. chased my entry. MOOD: alright, not happy about two full losses. CONSISTENT: yes. Last trade of the day was in AMD. It was running up for the first half hour. I waited for a sell off and got in on a new 5min high. That same candle turned in to a doji and I should have got out at b/e, there were several chances to get out but I held on for a full loss. GOOD: good initial plan, got in with the trend. RFI: could have got out at break even. MOOD: sad that I hit max loss again for the second day in a row. CONSISTENT: yes but I could have saved myself some money here. What I did good today: logged my losses after they happened to take a step back and not make emotional trades. What I did bad today: not managing trades once I’m in them to limit losses. Worst trade of the day and why: last trade in AMD because it was really choppy and not trending and I had multiple chances to get out at b/e but I stubbornly held for a full loss. What can I do better tomorrow: actively manage your trades and get out when they don’t do what you plan them to do. Other comments for tomorrow: it’s been a rough last couple of days. 2/10 in my last ten trades. Well below my winning percentage. Keep your head up and focus for Wednesday.
  9. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Friday January 11th, 2019. No trades today, i was not watching the markets.
  10. The walking away and not over trading is particularly difficult for me as well. i know in my head what i need to do but i just get steamrolled by my emotions and do the bonehead thing instead of the prudent thing. i think that's the main reason why trading is so difficult. i've been thinking a lot about what Mark Douglas says in trading in the zone that I have to slowly diffuse the habits that are holding me back from being consistent and slowly infuse good habits. the only way to do that is work everyday on the things I can control but also realize that these habits have been with us our entire life so they're not going away easy and to not be too hard on myself when i make a mistake. Maybe pick one specific issue to work on and dedicate six weeks to that task? Go easy on your goal as well for example, 75% of the time i will get out of a losing trade instead of doubling down and then track that specific goal to see if you're making an improvement. Right now for myself i am working on stepping away when i'm losing so after my first loss i'm working on logging that trade and seeing what i did wrong instead of jumping right back in the market and then if i lose again taking a 5min break to calm down. you can see in my trade journal that i did not do that Thursday and i hit max loss and that's ok, there's always going to be set backs on the road to improvement.
  11. Mark D.

    Introduce Yourself!

    Hi everyone, I'm Mark from Pittsburgh, PA. 33 years old been working as an engineer in oil and gas for almost 9 years. I've always been interested in finding a way to make money on my own and have been investing in the stock market since college. After finding Andrew's book i knew i had to try being a day trader. Love the journey so far, look forward to many more years of hard work and good trading! Mark
  12. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Thursday January 10th, 2018 Sleep: 7 hours. Mood: tired and busy with meetings. Tried to take three reversals in AMD, none of them worked and hit max loss for the day. GOOD: auto-risk stopped me from trading. RFI: trying to force a long trade when the stock is a short. Also don’t trade when you’re distracted. MOOD: not pleased with myself. CONSISTENT: no because I kept forcing a bad trade. What I did good today: Quit trading at max loss. What I did bad today: Traded during meetings and not paying attention 100%. Tried to force a long trade in a short and didn’t log my first loss after it happened and didn’t take a 5min cool down after my second loss. Worst trade of the day and why: All of them for the above reasons. What can I do better tomorrow?: Take a step back after a losing trade a reevaluate. Use your rules. Other comments for tomorrow: I knew not to trade today but I did it anyway and took bonehead trades and got what I deserved. Need to accept that it’s better not to trade while distracted than to lose money and be frustrated.
  13. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Wednesday January 9th, 2018 Sleep: 7.5 hours. Mood: good, nervous about keeping my win streak going this week. First trade of the day was an ORBU in AMD. I was watching MU for an ORB but I missed my entry so I went with this one instead. I chased this entry a little bit as well. Stop was below VWAP at the 5MIN MA and the goal was to get to the $21.40 level on the daily chart. I got cold feet and sold 75% before my target and held the remaining piece before B/E GOOD: good R/R RFI: entry was not great, sold the majority too early. MOOD: good, wish I had more shares for this trade. CONSISTENT: yes. Next trade was a short in MU. MU sold off down past the VWAP. i waited for an entry at $35.56 risking the VWAP but it never came up that high and i got in on a new 5min low. same risk at VWAP so my share size was small. this trade threw me for a loop. huge volume on a spinning top and I ended up selling on a new 5min high. GOOD: got out on a new 5min high and saved me from a full stop loss. RFI: could have got out at b/e MOOD: ok CONSISTENT: yes turned right around and went long in MU with a bad risk level. i came up a little bit but then right back down on a SPY selloff and stopped me out. glad i got auto stopped because i was being very stubborn about not letting this one go. GOOD: auto-risk got me out of this trade. RFI: needed to see that it was selling off big and should have got out at break of VWAP at least. MOOD: frustrated. CONSISTENT: yes because of the auto-stop next trade was a short in AMD. like MU it sold off and so i waited for a pullback to the MA on the 1min chart. it didn't quite get there and i got in on a new 1min low. again i didn't change my risk level so i didn't have that many shares and it kept me from selling at the PPDH which was the smart move. got out on a bounce from PPDH and then a new 5min high. GOOD: didn't impulse jump in and waited for a good entry. RFI: needed to change my risk level before getting in MOOD: mentally exhausted. CONSISTENT: yes. i was done trading but then i saw the double bottom in AMD with the PPDH and the PDC and thought it was too good to pass up. i got in long but i rushed it a little bit. it started having trouble getting through the MA on the 5min chart and i had to use the bathroom so i thought i put in a stop at my entry but i accidently got out of the trade. a little frustrated that it then went to my profit target. oh well. GOOD: saw a really good setup and took it. RFI: learn how to make correct stops MOOD: tired CONSISTENT: yes? i meant to be. What i did good today: kept my head in the game and didn't make too many bonehead mistakes. What i did bad today: didn't change my risk levels and got too small amount of shares for most of my trades. Worst trade of the day and why?: the long trade in MU because it was poorly planned with no real stop level to risk What can i do better tomorrow: need to remember to take a step back and log the losing trades so i don't just jump in to a crappy trade. Other comments for tomorrow: i was nervous at the open because i traded well Monday and Tuesday and i started focusing on making money and not on good, consistent execution of trades. need to remember to always focus on taking good trades and don't worry about the money.
  14. Mark D.

    Mark D. Day Trading Journal - Live 2019

    Tuesday January 8th, 2019 Sleep: 7 hours. Mood: ok, a little bit tired. First trade was an ORBU in SQ. it fell below VWAP and I still went long and got stopped out. GOOD: got stopped out with the auto risk controls RFI: probably should not have taken the trade because there was not buying support at the VWAP MOOD: ok CONSISTENT: yes. Next trade was a MA trend trade in MU. MU sold off in the first fifteen minutes, when it bounced back to the PDC and MA on 5MIN and 1MIN chart I got in short and sold half at a level and I kept the second half for the PDL but I got cold feet and got out a little bit early. GOOD: great trade, good R/R good execution. RFI: I could have got in short again on the pullback a couple minutes later. MOOD: really pleased with this trade. CONSISTENT: yes. What I did good today: Didn’t let my first trade screw with my psychology and came back with a second great trade. What I did bad today: There were better ORBs to take instead of SQ. Worst trade of the day and why?: ORBU in SQ because I went long after it broke through the VWAP and was looking choppy. What can I do better tomorrow: Don’t force the ORBs and keep a look out for better opportunities before jumping in. Other comments for tomorrow: Keep up the consistent trading.
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