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Mark D.

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Everything posted by Mark D.

  1. Friday May 10th, 2019 Sleep: 8 hours. Mood: good, ready to trade. took and ORBD in JD. got in late but it's better than being early and getting stopped out. I risked the 200 MA on the 1min to 2R. Sold the first half too early and almost all the rest at my profit target. saved 12% of my shares for the $28.27 level that missed by two cents. then i stubbornly held my last shares to break even. i need to stop doing that, it's just not worth it. GOOD: good setup, good R/R, selling for the most part was good. RFI: held my last piece through two new 5min highs instead of just getting out. MOOD: good CONSISTENT: yes. Done for the day. that's a good day for me and i don't want to mess it up with trying to catch more moves on Friday when it can be really choppy What I did good today: took only one trade on a setup. What i did bad today: held my shares through new 5min highs being hopeful instead of logical What can i do better tomorrow: get out of all your shares at 2R or better.
  2. Manual, i use an excel sheet that i made that i fill out for every trade. i also use Edgewonk that i fill out out manually as well. i like filling it out because it's a lot of work to log more than 3 trades so its a way to prevent me from taking too many trades in a day.
  3. Thursday May 9th, 2019 Sleep: 7.5 hours. Mood: good, ready to trade. missed the ORBU in ROKU and the ORBD in CRON. was afraid to take CRON to short side because i was afraid of it bouncing off the PDL level so i started watching ROKU. i was waiting for a pullback and when it starting make new highs i thought i missed it and I switched back to CRON it was already too far gone. then i switched back to ROKU and saw i missed an entry! lol oh well. I ended up trying to take a double bottom twice in CRON. the first time i knew i was chasing it, i wanted to get in at around $14.06 daily level but i was getting the FOMO and I just kept thinking if i don't get in i'm gonna miss the push higher. it did what i thought it was going to do and came right down to my initial entry, stopping me out on the way. I know the first step in stopping problem patterns is recognizing them in the moment and i've got much better at that. now i just need to progress that in to stopping me from taking the trades too early. GOOD: got out at stop RFI: FOMO chasing MOOD: fine, logically i knew that was going to happen. CONSISTENT: yes, got out at planned stop. Tried the trade again at $14.10 but got stopped out again. i risked the LOTD and that caused my 2R to be VWAP which it wasn't strong enough to hit and it just stopped me out below the LOTD before moving higher. hindsight being 20/20 i could have got in at $14, risked the LOTD to $14.25 and had one good trade for the day. GOOD: got out at stop RFI: R/R too wide. MOOD: dissapointed but ok CONSISTENT: yes, got out as planned. per my rules that is it for the day. only allowed one trade tomorrow unless it is a winner. Fairly bad day of trading for me but my emotions are much better than yesterday. I chase my entries then get stopped out then journal about not chasing entries and then chase entries and get stopped out! LOL i feel like i'm going crazy sometimes. I'm just going to be patient and keep trying my best every day and slowly i'll get it. What i did good today: stuck to my stops and my rules What i did bad today: Let fear rule my decision making, stopping me from trying ORBs and chasing entries. What can i do better tomorrow: don't FOMO entries you know are going to end up getting stopped out.
  4. Wednesday June 8th, 2019 Sleep: 7.5 hours. Mood: good, ready to trade. First trade of the day was an ORBD in X. it worked for a little bit but then squeezed up to my stop. i held on to see if it was going to stay up there but it came back down to my entry almost immediately so i held. I think this was a good decision. it looked good to break the LOTD but then it just sqeezed right back up past my stop and i took a much larger loss than anticipated. my own dumb fault for being stubborn. GOOD: entry was good, RFI: you have to get out at your stops. MOOD: mad that i let myself take that much of a loss. CONSISTENT: no. So then it did a double bottom and squeezed up. i jumped the gun and got in too early and got stopped out, a little below my intended stop. GOOD: exit wasn't too terrible. RFI: don't chase entries. MOOD: disappointed. CONSISTENT: yes. I saw that it was likely still going higher so i got back in on the long side this time with a much better entry. it was so close to my 2R profit target but then it just sold off for 15 minutes straight. never hit my planned stop though i talked myself out of the trade and reversed my position and got stopped out on the other side!! The price action on this stock is garbage and i just keep trying to make money on it and it just beat me up all morning. it ended up hitting my initial target on the long side from the previous trade. i mismanaged a winner in to two losses. This is the exact reason i put range orders in and don't mess with them, i overthink the trade. GOOD: perfect entry, good R/R RFI: talked myself out of a good trade. MOOD: mad CONSISTENT: no did not trade my plan. here's the switch to short. Took some other trades in X just messing around. i don't count them to my daily because i don't have a max daily loss on my SIM so i can practice all day but i do call it quits for my journal when i hit max loss, regardless of the trades i take after. What a poor day of trading for me. that seems to be how it goes, i'll do ok one day then good the following but that is almost always followed up by a big losing day. this would have been a fine day if i would have just gotten out of my ORBD at my intended stop and then not chase the trade to the long side and respected my plan it would have been a green day. instead i let my emotions get the better of me and took a max loss day. pretty disappointing. What i did good today: trade one and three were good entries. What i did bad today: didn't respect stop loss. What can i do better tomorrow: always get out at your intended stop.
  5. Tuesday June 7th, 2019 Sleep: 7.5 hours. Mood: good, ready to trade. Only took one trade today, an engulfing crack in SQ. I was watching this for an ABCD on the 1min at the PDC but the selling pressure couldn't push the stock higher so i waited for the 5min candle to close. when the stock made an engulfing crack, i got in on a pullback to the 50MA on the one minute chart. Entry was right on time, i just put my stop loss too far and only got 30 shares. sold 75% at 2R and the rest a little above the previous, previous day high. all in all, good trade. GOOD: setup, entry, R/R RFI: stop loss too far from entry. it should have been right over the 200 MA on the 1min chart. MOOD: good. CONSISTENT: yes, trade went exactly to plan. What i did good today: only took one trade i was confident in. What i did bad today: put my stop loss too far from my entry. What can i do better tomorrow: put your stop loss at a logical level but not so far from your entry that it messes with your share size.
  6. Monday May 6th, 2019 Sleep: 7 hours. Mood: fine, i have a headache. back to living that SIM life. First trade was an ORBU in MU. took it right at the PPDL line, didn't give it a wide enough stop and got auto-stopped out for a 1.8R loss. Got in to this trade too early, should have waited for it not to make a new 1min low. GOOD:got in at a support level. RFI: too heavy of a share size for a proper stop loss. MOOD: fine. CONSISTENT: no, too stubborn on the sell. Next trade i tried another ORBU but this time in AMD. Chased it and got stopped out. I didn't think my initial order went through and i accidently took double the share size. kept the same stop level because it's SIM and didn't feel like messing with it so i got out at my intented stop, i just took more of a loss because of my share size. GOOD: got out at stop. RFI: shouldn't have jumped in to another ORB after just getting stopped out. MOOD: fine. CONSISTENT: yes, i respected my stop. No with the order error. Next trade was a short in MU. no particular setup, it punched through the MAs and VWAP and closed below. went short when it looked like it was going to break lower. made another hotkey error by adding 20 shares when i was meaning to scale out. no idea why i scaled out so many times. besides the scaling and hotkey errors, i'm happy with this trade. GOOD: sold shares at 2R and better. RFI: should have got mostly out at 3R. too many partials. MOOD: fine CONSISTENT: yes. MU rebounded and closed above WVAP. i got in long right above the 200 MA on the 1min chart. sold half at 2R, a quarter at 3R and the last quarter was intended for 4R but i got cold feet and got out early. all for profits above 2R. really happy with this trade. GOOD: sold all shares at profit target or better. RFI: could have hit my final PT if i would have held MOOD: good. CONSISTENT: yes. Last trade of the day was in OXY. it made an ABCD that i missed and then made a smaller one. i got in on the new 5min high risking the low of the previous 5mins. it couldn't get through the whole dollar and i bailed at breakeven. glad i did i would have been stopped out. GOOD: good setup and R/R RFI: ? MOOD: good CONSISTENT: yes. the first two trades of the day were rough. i'm not mad about taking the MU trade but i should have respected my stop. on the AMD trade i should have treated it like a real trade and got out half when as soon as i noticed my mistake. that's one of the drawbacks of SIM. it's fine for practicing strategies but it's not a fair substitute for real trading because the emotions of losing money aren't present. i'm happy with my last three trades. i noticed over the weekend i've been way too focused on the 1min chart for the last week or two that was causing me to get chopped up in noise. i practiced trading off the 5min chart this weekend and it shows with my trades off the VWAP in MY and the OXY ABCD. i'm negative on the day but at least i was at my normal win rate for once. What i did good today: Took some good trades after the opening ranges. What i did bad today: Didn't take SIM seriously enough and ended up taking much bigger losses in my ORBs than i would have trading live. What can i do better tomorrow: maybe half share size on ORBS? or maybe just give them a wider range, i don't know.
  7. Week 18 Recap Rough week of trading for me. Only one trade this week was a winner, win rate of 11%. That trade that was a winner was pretty good and I got out right at my planned profit target. I started missing entries this week on perceived fear of the price going against me causing me to miss good trades. I’m too focused on my P&L and worrying about losing money and not being market focused enough to get in to good setups. Back to SIM for a couple weeks to reset and get my mind focused back on price action. · Weekly stats o 2.0 R/R (Goal: above 2.0) [Previous Week: 2.5] o 12/36 33% (Goal: above 80%) [Previous Week: 54%] o -$97.43 (Goal: $250) [Previous Week: -$46.59] o 4/9 44% trades with the trend (Goal: 100%) [Previous Week: 57%] o 7/9 78% Non-optimal Entries (Goal: 0%) [Previous Week: 36%] o 1/9 11% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o 5/9 56% No Setup (Goal: 0%) [Previous Week: 17%] · Highlights o Great trade in JD, good planned R/R and executed exactly as planned. o Only let one trade run past my stop. · Ongoing things to work on o Still way too early on almost all my entries. o Not trading my setups hurt my performance this week. o Starting to get fear entering good positions.
  8. I took that same SQ short. It looked so promising then boom false breakout! You did well to ditch before I did
  9. Friday May 3rd, 2019 Sleep: 7.5 hours. Mood: calm focused and ready to trade. I was feeling really good in the pre-market. i didn't have any worries about losing money and just wanted to focus on good trading. started off looking at X for an ORBU off the previous 2 day low. didn't take the trade on fear and missed a beautiful trade. This has been my go to lately, either i don't take the ORB that would have been great or I take it and it chops around. instead i took SQ on a VWAP breakout, i liked the 5min spinning top with the 200 MA support above it. It turned out to be a false breakout and i went short with 35 shares which was too heavy for my stop with a 1min close above the 200MA. got stopped out for a lose of about $18. GOOD: fine trade idea. RFI: not a setup i trade and should have been prepared for a false breakout. MOOD: conscientiously ok but with pangs of anger. CONSISTENT: yes got out at my plan. So then after missing a good ORB in X and getting stopped out in SQ. i tried to sell the pullback in CTSH. went in too early with too many shares and got auto stopped out for another $18. bad psychology on this trade. Tried to revenge trade and got burned. it did end up going lower as i thought, just without me in it. GOOD: DAS auto-stop out me over my max limit for the day so i can't do any more damage to my account. RFI: right idea on the trade just too early and not at a stop that was logical MOOD: not good. CONSISTENT: no, bad trade all around. worst trade of the week. So that was all the money i was willing to risk on my live trading so it's back to SIM for two weeks, three at most. while i refund my account. i don't plan on staying too long in SIM because it's not my sim trading that's the problem, it's my fear of being wrong that causes me to overthink trades and not be market focused and end up taking bad trades. i would like to work on my entry timing and trading recognizable setups. What i did good today: stopped trading. What i did bad today: missing good trades, revenge trading. What can i do better tomorrow: need to work on my trade setups and psychology.
  10. thanks Rob! i'm so frustrated with not getting a wining trade i forget part of learning to trade is mastering self control.
  11. Thursday May 2nd, 2019 Sleep: 7 hours. Mood: ready to trade. My low win rate this week is making me nervous. First trade of the day was a ORBD in TSLA. i wanted to get in at $244 taking 10 shares and risking $245. With the spread being as wide as it was, i only got filled 5 shares so i tried to add more at $244 and did a little better ending with an average of $243.21. I had to go to a meeting on short notice and i put in my $10 stop which was way too close for how the stock moves and i got stopped out. i would have got stopped out of my original order too. right after the stock moved right to my profit target as it does most days after i get stopped out. emotionally my head is just not in it. i saw the QCOM trade to the long that would have been great and the UAA trade to the short that would have been great but i'm just paralyzed by fear now and i'm not taking any entries. gave up for the day. GOOD: original plan would have worked had i got a better entry. RFI: stop loss too close, too early on the entry per usual. MOOD: so tired of losing money every day. I've graduated from losing money at $30 a day to $10 a day. just frustrated all around. CONSISTENT: got out at my stop. What i did good today: didn't take any trades after my first loss. What i did bad today: trading when i know i'm going to be busy and not focused. What can i do better tomorrow: take good trades. work on your fear of losing money.
  12. Wednesday May 1st, 2019 Sleep: 7 hours. Mood: good, ready to trade. didn't like anything for ORBS today. HRTZ looked promising ORBU but the spread was 10+ cents and i felt too nervous to mess with it. it turned out to be a good one. then it made another nice ABCD that i missed as well. oh well. So i noticed AMD did a double bottom at around $28.30. Thought it would be good to try and take it to the long side. I liked my entry at the MAs but the whole trade on the 5min wasn't great. i got too caught up in the 1min chart and hoping for it to break to the upside. it did break to a new 5min high but then it came right back down a minute later. it hit my stop and i waited for the candle to close, it came back up to my entry but then right back down. I got out right on plan so that was good. hindsight play by play, i'm fine with the initial trade idea with the exception of my profit target should have been VWAP and that would have been a bad R/R. Should have got out with that 1min rejection on the break and probably gone short on the new 5min low but that's easier to say after the fact. i thought about getting in on the short side but it was more about revenge than the trade so i got up and got a cup of coffee instead. GOOD: good entry at the MAs. RFI: R/R actual to the VWAP was bad. should have been short focused below the VWAP. no setup, too far from the bottom for a double bottom. MOOD: good. not happy for the red day but it's not bad RFI: should trade more off the 5min chart than the 1min. What i did good today: i was very picky about my trades. What i did bad today: too focused on the 1min, need to trade off the 5min. What can i do better tomorrow: take trades based on the 5min, entry on the 1min.
  13. Tuesday April 30th, 2019 Sleep: 7.5 hours. Mood: alright today. My mind has been a mess the last couple of days from taking six losing trades in a row. i want to focus today on taking recognizable setups that are in my edge with an entry that makes sense. First trade of the day was an ORBD in NXPI. i was nervous about taking it short above the 20MA on the 1min chart but it looked good on the other time frames so i went ahead and took the trade. after two minutes of going no direction, i started getting nervous and thought about getting out of the trade but it wasn't going against me so i held on. a minute later it squeezed hard and i got out at 0.5R. glad i did, I would have got stopped out for a full loss. GOOD: good trade management, good entry. RFI: not that great of an R/R. i did the math in my head and i thought it was fine. MOOD: fine, plus i moved on to a different stock and didn't try to revenge trade what turned out to be choppy. CONSISTENT: yes. Last trade of the day was in JD. it closed the first 5 minutes above the VWAP and then made a nice 5min candle above the MA. This was an ABCD in my mind. I risked a new 5min low to the high of the pre-market. I wanted to get in at VWAP or at the MA but I was watching other stocks and missed the first pullback to the 1min MAs. then I FOMO'd the entry fearing it was going to move without me. It came all the way to my stop loss but i reasoned that if I had waited, this would have been my entry so I gave it a minute and held through the pullback and got out at my profit target. i'm not happy with my entry but i am happy with my trade management. GOOD: trade management was excellent. RFI: FOMO entry, R/R not great. MOOD: happy with the trade overall. glad i didn't partial. CONSISTENT: yes. Really happy with my trading today. i was mindful of my trading and didn't get sucked in to any bad trades that weren't trending. What i did good today: Took only trades with setups, didn't try to force any trades. What i did bad today: let the FOMO get the best of me and entered my JD trade too early. What can i do better tomorrow: This is the kind of trading day i want to have everyday. i need to let the trades come to me and not force trades.
  14. great TGT trade. that's the one i should have taken instead of getting chopped up after that.
  15. Monday April 29th, 2019 Sleep: 6.5 hours. Mood: headache and tired. First trade of the day was a short in TGT. it came up the the VWAP, bounced off and made a new 5min low. got in right at the break and it reversed on me immediately at my stop out. Don't know why i keep trying to take those trades on the break there, i did the same thing last week in MU got stopped out exactly the same. GOOD: got out at stop. RFI: taking trades right on the new 5min break and not waiting for the 5min to close. MOOD: tired and frustrated with myself. CONSISTENT: yes. Next trade i tried to take TGT on the long side. something happened with my order execution, it was set to SMRTL but not doing my marketable limit orders on my hotkeys. got a horrible fill on the long side then i could not get out of my position at my stop. i had to restart my DAS to get out of the trade. i have no idea what happened. GOOD: didn't lose too much on the execution error. RFI: taking trades without setups that i'm not comfortable in. MOOD: frustrated. CONSISTENT: i tried to be. Last trade of the day was a double top in TGT. great trade idea that would have worked but i got in too early and then talked myself out of it before it hit my stop loss. it turned right around and hit my profit target. i'm so frustrated with my trading today. the last couple days have been particularly bad. GOOD: recognized a setup and took the trade. RFI: too early on the entry, got out for emotional reasons. MOOD: frustrated. CONSISTENT: no. I'm thinking about going back to sim and working on my trades but i'm going to trade live tomorrow since it's the last day of the month and then re-evaluate. What i did good today: besides the DAS error i didn't let my trades run past my stops. What i did bad today: Same issues as last week. not taking setups and getting in to trades way too early. trying to catch a trend in TGT when it traded in a small rnage. What can i do better tomorrow: Just trade setups. trade stocks that are trending. Other comments for tomorrow: I need to look over my trading in depth once i get some sleep and can think with a clear head.
  16. Week 17 Recap Another red week but at least this week I didn’t let any losers run. I’m glad that I had the control not to let my bad trades get away from me. Also, this week I’ve been upping my position size to 100 shares so that I don’t have to get a huge move to get to 2R but with that I have to be really patient and get really good entries, something I look forward to practicing next week. · Weekly stats o 2.5 R/R (Goal: above 2.0) [Previous Week: 2.5] o 30/56 54% (Goal: above 80%) [Previous Week: 67%] o -$46.59 (Goal: $250) [Previous Week: -$89.76] o 8/14 57% trades with the trend (Goal: 100%) [Previous Week: 70%] o 5/14 36% Non-optimal Entries (Goal: 0%) [Previous Week: 50%] o 0/14 0% Letting Losers Run (Goal: 0%) [Previous Week: 25%] o 3/14 17% No Setup (Goal: 0%) [Previous Week: 17%] · Highlights o Great trade in MU on Thursday. o Good job not letting any trades run past monetary stop. o Good job working on taking full position size. · Ongoing things to work on o I need to marry my full position size with getting a good entry at proven resistance levels so I’m getting full position but not getting chopped up in regular movements. o Patience, patience, patience on my entries. o Only take trades with recognizable setups. Be picky! o It is crucial not to sell my winners until they are at least 2R. this alone would be a huge help to my trading.
  17. Friday April 26th, 2019 Sleep: 8 hours. Mood: feeling nervous this morning. i'm assuming it's because i did well yesterday so i'm worried i'm going to trade bad and also i'm trading from home which is not my typical trading environment. First trade of the day was MU. it sold off beautifully without me on an ORBD. then made a double bottom that i passed on as well. once it crossed the 200 MA and then lost it to the downside i got in short. i did not mean to take full size i hit the wrong hot key. i got out half at 1R which at the time seemed like a good idea to lower my risk but had i just given it a little more time i could have got out at 2R for a good trade even though i didn't mean to. I got my typical sell half at 1R get out the rest at b/e. if i don't stop doing that with my winners, i'll never be profitable. GOOD: patient with my entry. RFI: no setup, chased the entry, didn't sell at my profit target. MOOD: ok, glad it wasn't a loser CONSISTENT: no. not following my trading plan. Tried the trade again to the short side, risking the VWAP to the LOTD. i did not wait for the signal it was going lower and got in too early and got stopped out immediately. GOOD: got out at my stop with no problem. RFI: no setup, too early on the entry, didn't get in at resistance. didn't wait to see if this was a pullback or a reversal. MOOD: fear, FOMO CONSISTENT: yes, got out at my stop. Took MU to the long side which was a great idea BUT i didn't get a good enough entry and i got stopped out. so close to making money overall on MU today and i just botched it with my entries. GOOD: right idea RFI: bad entry, stop was too close. MOOD: dissapointed i didn't have the patience for a proper entry. CONSISTENT: yes i respected my stops. Last trade of the day was in NVDA. it could not break through the VWAP and i got in on a new 5min low risking above the VWAP and a new 5min high. i'm not going to knock the trade idea, this could have went in my direction the only thing i would change is my bad entry. GOOD: trade idea made sense with a reasonable stop. RFI: chased the entry. MOOD: ok, it's a choppy day in the market. CONSISTENT: yes, respected my stop. Let my emotions get the better of me today and took all FOMO entries. What I did good today: Got out of my trades at my monetary stop loss point with little to no hesitation or emotional pain. What i did bad today: too emotional on my entries and not trading my setups. not one trade today was a good entry What can i do better tomorrow: I need to 1.) trade a setup or make sure the stock is trending then 2.) get a good entry and then finally 3.) don't sell before 2R period. Other comments for tomorrow: i'm so close to being profitable, i can feel it. just looking at my statistics, i have a win rate of around 43% which is pretty good. my problem is that my average winner is $10 and my average loser is $10 so i'm slowly losing money. or a little fast because i'm paying 20% commissions on top of both. I confident i can be a winning trader i just need to tweak my trading just a little bit and i will get my equity curve in the right direction.
  18. Thursday April 25th, 2019 Sleep: 7.5 hours. Mood: good, ready to trade. First trade of the day was in MU. i got in right near the VWAP and a daily level risking a break below and under $44.00. sold half a little bit under my profit target then another 25% at my profit target and the final at $44.50. i'm really happy with this trade, I didn't chase and nailed the entry. i could have done better selling but as long as i'm taking good trades with good entries i'm happy. GOOD: nailed the entry, good R/R. RFI: should have sold 75% at the high of the day instead of earlier. MOOD: happy. CONSISTENT: yes. I haven't had a decent green day in a while so i decided to call it quits after this trade and finish green. What i did good today: didn't chase my entry got in right at resistance What i did bad today: selling could have been better. What can i do better tomorrow?: keep trading but only take good setups.
  19. Wednesday April 24th, 2019 Sleep: 7.5 hours. Mood: good, trading in a doctors waiting office not really comfortable with trading here. First trade of the day was a long in T. It closed above VWAP so i tried to take it long right on the break higher but i got left holding the bag and stopped out. i'm not sure why i went long on right there, that's not my trading style specifically for the reason that i typically get stopped out. also i'm working on taking my full 100 shares but it was too much for the regular 1min moves in this stock. GOOD: not going to knock the trade idea, i think it made sense. RFI: too soon on the entry and too large a position size for the normal movements. MOOD: mad at myself for not positioning correctly CONSISTENT: yes. Took the same trade again. which i should not have with the same results. same issues. GOOD: got out at stop RFI: don't take the same trade again unless it goes in the direction of the original trade. MOOD: eh, not that bad CONSISTENT: yes. Last trade of the day was a long in SNAP. it sat at the PPDL level for almost 20 minutes so i got in long on a new 5min high. after i got in I realized i should have waited for a pullback so i could use the LOTD for my resistance level. this trade didn't work either and i got stopped out on the trade and max loss for the day. GOOD: better risk level than on T but still not good. RFI: got in the trade too soon. MOOD: ok. CONSISTENT: yes respected my stop. What i did good today: respected my stops and tried to get myself to take full position size. What i did bad today: chasing entries and not being patient for good setups. What can i do better tomorrow: need to correct the other way and get full share size but at a point where there is shown resistance.
  20. Tuesday April 23rd, 2019 Sleep: 7 hours. Mood: good, ready to trade. First trade of the day was an ORBD in VZ. my plan was to get in at the previous, previous day low and risk it popping above the VWAP. I was too fearful to get in right at that level but ended up going short a little bit lower which would have been fine but i didn't change my Risk level so my first sell at the LOTD wasn't favorable. i took half off because it was hesitating and the rest at breakeven. GOOD: got some profit on the trade. RFI: stop is too far again. CONSISTENT: yes MOOD: good. Then i took the double bottom reversal in VZ but again i was too scared to get in at a good R/R and instead chased it and got a bad r/r and i ended up not taking any profits at the PPDL level and i held on way too long thinking "it will turn around" which it did and i got out at my stop loss. GOOD: good setup. RFI: FOMO entry lead to bad R/R which lead to a full stop out. MOOD: good, i still have a lot of psychological work to do CONSISTENT: i got out at my stop but i shouldn't have been so firm on my profit target. I should have stopped trading after this because it did rattle me a little bit. i ended up trying to take an ABCD in ROKU. My first instinct was to short it as a double top but i've been burned so many times i stuck to trading long. It is amateur trading to associate older trades with this trade because every trade is unique. i should have just waited to see which way it was going to break instead of guessing. i got out on a new 5min low against my position. glad i did because it ran to my stop. GOOD: got out on price action. RFI: associating older trades to this trade. guessing which direction instead of waiting for a signal. MOOD: fine, happy for the small loss. CONSISTENT: yes. Ok day of trading today. worse than yesterday but i wouldn't say i did a bad job. turns out after i finished my ROKU trade that i noticed i was in SIM all morning so none of these trades went to my real P&L. After i realized i was in SIM i took a couple more trades, all winners that put me well in the green for the day. that shows i still have a lot of psychological work to go but i am getting better, it's just a slow process. What I did good today: two of my three trades were in the right direction. What I did bad today: still too cautious on my stop loss. What can i do better tomorrow: either stick with your original entry plan or adjust your stop so that you can get a good R/R that is achievable.
  21. Monday April 22nd, 2019 Sleep: 7.5 hours. Mood: happy for the long weekend to clear my head. ready to trade. first trade of the day was a ORBD in AMD. i waited for a pullback to the MAs on the 1min chart and got in. got out a minute later on a new 5min high towards the 200 MA on the 1min. it was at about half my stop loss when i got out but since it made a new 5min high i didn't want to stay in the trade. i should have waited to see if it was going to pop and a new 1min low before getting in short. it didn't matter either way, it ended up going higher. GOOD: got out with a small loss. RFI: too early on the entry. MOOD: good, happy to limit my losses. CONSISTENT: yes. last trade of the day was an ABCD in AMD. I wasn't watching when it made a new 5min high at 10:15 so i missed the first push. i got in at the moving average on the 1min chart. i put my stop loss too wide and though i sold at the profit target, i didn't make much money on the trade. i got spooked out of my last 25% on the spinning top to new 5min low. i should have waited to see if the previous day high was going to provide support. GOOD: sold at profit target. got a great entry. RFI: risk level was too large. i was hoping to get in at or around PDC but i should have used that for my stop loss. MOOD: good, happy with trade, otherwise. CONSISTENT: yes. Happy with my trading today. limited my loss on my first trade and my second trade had a great entry. i'm probably a little in the red with commissions but all in all a good trading day. What I did good today: emotional control on both trades was much better than last week. What i did bad today: too wide of a stop loss on my first trade. What can i do better tomorrow: need to adjust your stop by what the market is saying, not what i want it to be. Other comments for tomorrow: Keep working on emotional control and making good trades.
  22. Week 16 Recap Amateur trading Wednesday and Thursday. The worst part about this week for me is how I’m starting to slip back in to letting my losers run past my intended stop. Another bad habit that’s starting to creep back in to my trading is trying to force my opinion of being right by taking the same trade repeatedly when I can see after the fact that it was against the trend. I have several other issues but those are the two that are doing the most damage so I’m focusing on those for now. My plan for next week was to go back to SIM but I’ve decided that part of my issue is that my fear of losing money is causing my bad trading and the only way to overcome that is work on being consistent and sticking to my rules in real trading so I’m not going back to sim. I am going to only take two losers on Monday. Other changes are; I’ve removed the daily chart. I don’t think it’s helping and it’s only making be biased. I’ve eliminated my unrealized P&L on screen so I can focus on the price action and not how much I’m up or down. I’ve removed the 5min MA from all charts, so my charts are less busy. Hope everyone has a happy Easter! · Weekly stats o 2.5 R/R (Goal: above 2.0) [Previous Week: 1.7] o 32/48 67% (Goal: above 80%) [Previous Week: 58%] o -$89.76 (Goal: $250) [Previous Week: -$23.10] o 5/12 42% trades with the trend (Goal: 100%) [Previous Week: 70%] o 6/12 50% Non-optimal Entries (Goal: 0%) [Previous Week: N/A] o 3/12 25% Letting Losers Run (Goal: 0%) [Previous Week: 10%] o 2/12 17% No Setup (Goal: 0%) [Previous Week: 20%] · Highlights o Risk management on my BX trade was on point. · Ongoing things to work on o Forcing trades in the wrong direction, especially after getting stopped out. o Taking the same trade again after getting stopped out. o Letting losers run to my auto-stop of 1.8R. Work on always getting out at stop. o Kicking myself for my bonehead CRON and QCOM trades.
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