Mark D.

double top on the 5min rejecting the $29.62 level (high of pre-market?) plus that indecision candle on the 5min with a break lower. then it starts making lower lows, lower highs on the 15. just my 2 cents.

Thursday June 18th, 2019 Sleep: 7 hours. Mood: Excited to be back at the trading desk. busy with meetings. first trade was an 2min ABCD in NFLX that i meant to get in right at the break of the high but it jumped so fast and i was too slow on the entry and i got a bad fill. good thing i was using my hotkeys so it positioned me appropriately for my stop but once it broke the high it sold off the rest of the morning. got stopped out next 2min candle. GOOD: position size, getting out at my stop RFI: should have traded as an 5min orb going long at the break of the body. still would have got stopped out but at least i wouldn't have got such a bad fill MOOD: frustrated. CONSISTENT: yes. last trade of the day was another 2min ABCD, this one was in $MU. meant to go long on a new 2min high but it never broke and i positioned too big for the entry and then i was too stubborn to get out because i really wanted a win and i ended up getting auto-stopped out for 1.5R. i think my per trade auto-stop of 12 is no longer working. i'm going to re-submit my auto stops but really it's unacceptable for me to still be missing stops like this. very disappointed in trading today. GOOD: right idea, just too early. had i got in at the actual new 2min high it would have been a good trade. RFI: really have to stop missing my stops. if i can't do that one thing, i shouldn't be trading. MOOD: frustrated. CONSISTENT: no. What i did good today: right idea on MU, just got too trigger happy. What i did bad today: let my emotions control my trading and took too much of a loss in MU. when i should have taken a step back and either quit for the day What can i do better tomorrow: stick to your stops or quit trading. I've been good about sticking to my stops but it's been creeping back in lately. i need to think of a good consequence for missing my stops to motivate me not to miss them anymore. Other comments for tomorrow: I've noticed that i have a cycle in my trading psychology which goes: 1.) bad trades -> 2.) red P&L -> 3.) focus on getting good entries and stopping out appropriately -> 4.) good trades -> 5.)green P&L -> 6.) focus on being green for the week instead of good trades -> 7.) chasing entries/ stubborn losses -> 1.) bad trades... repeat cycle. i'm currently at step 6 going on 7. has anyone else noticed this? any advice for keeping in the 3 through 5 steps? i know on paper what i need to do is don't worry about P&L and just worry about my trades but i still fall in to this cycle. any advice would be appreciated. i think Robert H made a video about this in one of his rants. I need to go review those again.

nice trade

i know that feeling.

Monday July 15th, 2019 Sleep: 7.5 hours, Mood: good ready to trade. Too busy with work this morning. didn't get a chance to go through my watchlist and mark levels before the market opened. i didn't see anything i loved but i ended up taking a trade in $C. I was not thrilled about the hammer on the 5min at 9:35 but i did like the rejection of the previous- previous day low and the indecision on the next candle. so i got in short risking a new 5min high and hoping it would break the day low. it moved in my favor about 40 cents but then it found support at 70.50 and i got out before my stop at a new 5min high. it looked to me like the volume was coming in on the buy side and no momentum to the short side. It was a good decision to get out, i would have been stopped out anyway. hindsight, i could have used the 9:35 hammer as a signal to get a long entry and then got in on the long side where i got out of my short position on a new 5min high. GOOD: waited for a new 5min low to get in, positioned appropriately RFI: should have played this as a long. MOOD: fine CONSISTENT: yes. What i did good today: saw i was in a losing trade and limited my losses. What i did bad today: saw that 9:35 hammer and still went short hoping it would still break the LOTD. what i should have done was waited for a new 5min high to get in on the long side because of that candle and played this as a double bottom. What can i do better tomorrow: don't hope for trades to work. use all the information available and make the best decision. Other comments for tomorrow: can't trade tomorrow and Wednesday is iffy/i'll be rushed if i do have time to trade. frustrated i haven't had a full week of trading in a long time.

Week 28 Recap Pretty good week for me. I was right on the direction of all my trades, just need to work on sticking to my plan. · Weekly stats o 3.0 planned R/R (Goal: above 3.0) [Previous Week: 3.1] o 20/24 83% (Goal: above 80%) [Previous Week: 88%] o $21.00 (Goal: $150) [Previous Week: -$24.81] o 6/6 100% trades with the trend (Goal: 100%) [Previous Week: 0%] o 1/6 17% Non-optimal Entries (Goal: 0%) [Previous Week: 50%] o 1/6 17% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o 1/6 17% No Setup (Goal: 0%) [Previous Week: 50%] o 3/6 50% true win percentage (Goal 45%) [Previous Week: 0%] · Highlights o 100% trades were in the direction of the trend o First live green week since March · Ongoing things to work on o Stick to my range orders/plan at the beginning of the trade o Get more sleep next week: minimum 7 hours per night o Realistic profit targets on bigger stop losses (2R instead of 3R)

Friday July 12th, 2019 Sleep: 6.5 hours. Mood: good ready to trade. didn't see any ORB trades i liked and i was starting to think i wasn't going to take any trades today but then i saw MU break out on high volume at 9:45. i FOMO'd hard and got in right at the highest price possible before it came back down and stopped me out in about a minute. GOOD: right direction on the trade RFI: FOMO bad entry MOOD: disgusted with myself for jumping in like that CONSISTENT: no, held past my stop. After i was stopped out i saw that the setup is still good, i just need a better entry. so i got in again on a new 2min high. I almost got stopped out a second time because it came within 1 cent of my stop but then really took off in my favor. i got greedy and set my profit target to 4R to make up for the first loss and it never got there. it did get to 3R so if i would have stuck with my plan i would have had an ok day. finally gave up after an hour and got out at 0.4R or so. about 20 minutes after i got out it hit my modified profit target of 3R without me in the trade. GOOD: right direction, proper stop loss, entry on new 2min high RFI: greed trying to get 4R. MOOD: mad at myself for screwing up another good trading day. CONSISTENT: no, got down on the trade and got out. What i did good today: waited for good signal and trends instead of trading chop What i did bad today: butchered the trend with bad entries and exits What can i do better tomorrow: range orders and stick to them. all this week was good trades with good entries (minus MU first one today) and then just butchering them trying to finesse my way out of the trade.

great job keeping a cool head

Thursday July 11th, 2019 Sleep: 6.5 hours. Mood: good, ready to get back to trading. couldn't trade yesterday because i was traveling for work. I had meetings and was busy with work through my usual premarket routine and into about the first 20 minutes of trading. Everything looked really choppy to me and I didn't take any trades until i saw AMD finally break the LOTD. i got in on a 2min wedge risking the high of the wedge and also a new 5min high. i hit my hotkey for my shares and the risk was less than my usual 10 cents so i ended up getting 111 shares instead of my usual 100 shares and that threw me off. i got nervous about it and i started thinking about how it was extended and how it didn't break to a new 5min low and i got out right on a new 2min high. it came up to my stop but never broke it and then went right down to my profit target. i am salty about it, had to quit trading for the day because i'm now thinking about revenge trading. GOOD: good setup, good R/R RFI: nerves killed my trade management MOOD: salty. CONSISTENT: no, bailed on fear and not my intended stop. What i did good today: didn't FOMO or chase, took a good trade. quit when i knew my emotions were going to influence my trading. What i did bad today: let me nerves get me out of a great trade. What can i do better tomorrow: range orders sooner so that i'm not tempted to bail before my stop loss.

Sorry to hear that. Hope all is well

Tuesday July 9th, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade of the day was an ABCD in MU. took it at the break of a new 2min high risking a new 5min low to 2R because my stop loss was too far to make 3R realistic. i should have got out on the shooting start after a new HOTD but i wasn't paying full attention as i was on the phone and not concentrating. Then i got hopeful that it would come back instead of being realistic about the price action and got stopped out for a full 1R loss. GOOD: entry was right on time. RFI: should have got out way before stop loss. MOOD: fine, should have been fully concentrating on the market CONSISTENT: yes. Last trade was an MA trend trade on AMD. it was trending higher after about 20 mins of chop so i waited for a pullback to the 9MA on the 2min and then a new 2min high and it just took off. I'm mad that i got out as early as i did, i cut my 3R target by 4 cents when there was absolutely no reason in the price action. I remember thinking that i didn't want to let this trade go against me because i already had a loss today so i got out short. hit my price target maybe a minute later then didn't make a new 5min low all the way to $33! almost 7R in my favor. it's weird that that 5min flag candle on huge volume scared me. it should have been a sign to try for 4R but instead all i could think of was it reversing. GOOD: nailed the entry, great setup RFI: cut the trade way too short. MOOD: good. CONSISTENT: yes but i really should have stuck all the way to my profit target. What i did good today: took good setups and great entries What i did bad today: hoped for MU to turn around and cut AMD too early What can i do better tomorrow: cut the losers and keep the winners.

Monday July 8th, 2019 Sleep: 6.5 hours. Mood: good, ready to trade. Only took one trade today, an ORBD on $AMD. i liked the rejection on the 2min candle and then it couldn't break VWAP so i got in short right at the 5min body, with VWAP as my stop loss. 3R was the PPDH so i was thinking about bailing at 2R but it got to 2R so fast i held on. it hit my profit target but it didn't fill and i didn't want to pinch pennies so i bailed a little bit early. it would have filled six minutes later but i'm happy with the trade. GOOD: took the trade. i was really hesitant in my trading last week so i'm happy i jumped on this trade. RFI: changed my plan for 3R and lost some profits. MOOD: great CONSISTENT: yes. What i did good today: Took a good trade What i did bad today: Changed my trade and cut profits a little short What can i do better tomorrow: Stick to the trade.

Week 27 Recap Slow week to write a recap on. Only took two trades and both weren’t very good. · Weekly stats o 3.1 planned R/R (Goal: above 3.0) [Previous Week: 2.7] o 7/8 88% (Goal: above 80%) [Previous Week: 97%] o -$24.81 (Goal: $150) [Previous Week: -$17.08] o 0/2 0% trades with the trend (Goal: 100%) [Previous Week: 56%] o ½ 50% Non-optimal Entries (Goal: 0%) [Previous Week: 22%] o 0/2 0% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o ½ 0% No Setup (Goal: 0%) [Previous Week: 11%] o 0/2 0% true win percentage (Goal 45%) [Previous Week: 33%] · Highlights o Didn’t FOMO and take bad trades on Wednesday or Friday. · Ongoing things to work on o It’s crucial that I work on getting my win percentage to at least 45%. that would really help with my weekly P&L. o Need to wait for 2min then 5min breaks for confirmation the trade is working. The MU trade never broke to a new 2min low and the GBX trade was too late after the 2min break and the 5min break. o Pay more attention to volume.

Quality dad joke

Wednesday July 3rd, 2019 Sleep: 7 hours. Mood: debating on whether to trade at all today. i'm expecting chop. Market was choppy, didn't see anything i liked in the first half hour so i closed my DAS so i wouldn't be tempted to take a dumb trade. going to work around the house and get ready for the holiday. i hope everyone has a great holiday!

Hi Rob, Here's my commissions from yesterday on the tiered IB plan. I took 100 shares of MU and 50 on GBX.

Tuesday July 2nd, 2019 Sleep: 7 hours. Mood: Ready to trade but a little nervous from not trading for over a week. first trade was an ORBD in MU. I risked the body of the 5min candle to the break of the LOTD. my DAS stopped me out faster than i could get out with my hotkeys. I must be a lot slower than i think i am. GOOD: ok setup, risk was set to the right place RFI: could have waited to see if we were going to make a new 5min low MOOD: ok, a little stunned CONSISTENT: i hit the hotkey to get out as planned so i'm saying yes on this. last trade was no setup in GBX. i liked the previous 5min hammer and the break of a new 2min and 5min low. I thought it was going to break the LOTD and head lower but it's just really choppy and i got stopped out. i didn't get an appropriate amount of shares and i got stopped out quickly. the spread was bad at times and i saw that so i adjusted my share size but it just wasn't good enough. GOOD: adjusted share size for the spread RFI: should have taken less shares, stop out point was not technical MOOD: ok CONSISTENT: yes, i got out at my stop as planned. I switched to sim because i'm just feeling out of it today and the market is choppy. took one more trade in GBX and got stopped out and called it for the day. i'm trading SIM tomorrow and friday to get back in the groove and because i'm assuming we're going to get a choppy week with it being a holiday What i did good today: switched to sim when i wasn't doing well instead of getting angry and trying to make back money. good emotional control What i did bad today: just really rusty and slow on my MU exit. I feel out of sync today. i should have just traded sim but i wanted to try and come back live instead of playing it safe What can i do better tomorrow: trade sim the rest of the week to get back in the flow.

Slowly getting over my superstitions about Wednesdays. Thank you!

I've never used traderview so I can't compare but I bought the edgewonk bundle and I really love it. The classes are a huge help because it's pretty overwhelming when you first get it. I haven't tried their new import tool so I can't speak to it but the old import system didn't work for me, I had to go in and edit every trade. I think it really depends on how much time you want to spend journaling and how many trades you take a day, on edgewonk you have to fill in EVERYTHING. If you're taking more than four or five trades a day and don't like the journalling process then it would make more sense to go with TV.

Thanks! I subbed

Week 25 Recap First week back live trading. I’ve really noticed the benefit of keeping a detailed journal this week and last. I used to feel when I was getting stopped out multiple times in a row that I would just keep losing until I was out of money. Now I know that if Ii'm on a losing streak, that the odds are i'll have a couple winning trades soon and if i stick to my plan, even with my low win % I can still be green on the week which has been a huge boost to my confidence. · Weekly stats o 2.7 planned R/R (Goal: above 3.0) [Previous Week: 2.9] o 35/36 97% (Goal: above 80%) [Previous Week: 100%] o -$17.08 (Goal: $250) [Previous Week: $15.23] o 5/9 56% trades with the trend (Goal: 100%) [Previous Week: 50%] o 2/9 22% Non-optimal Entries (Goal: 0%) [Previous Week: 33%] o 0/9 0% Letting Losers Run (Goal: 0%) [Previous Week: 0%] o 1/9 11% No Setup (Goal: 0%) [Previous Week: 0%] o 33% true win percentage (Goal 45%) [Previous Week: 33%] · Highlights o Started the week a nervous wreck trading live, ended it with my emotions well in control. o Ended the week with my best trade. o Respected my stops. o Best live trading P&L since week 13. · Ongoing things to work on o Win percentage needs to increase. o Have to get 3R out of my winners to be green on the week. o See how my commissions change with the tiered plan.

happy to hear it! what's your youtube channel if you dont mind

so i checked my account commission settings on IB and i'm listed as tiered pricing structure of: but here's my actual statement from yesterday: so i chatted with them and they told me i'm actually on the fixed plan. so i changed it to tiered. it takes 24 hours to go in to effect and i'll be gone all next week so i'll let you know when i get to trade again what i'm actually paying. i feel like a real dummy for not asking about it earlier. i thought the min was $1 on both tiered and fixed which is way cheaper than i'm used to paying with e*trade so i didn't mind it but if it's actually only a third of the cost, that's going to be huge for me!

Friday JUne 21st, 2019 Sleep: 7.5 hours. Mood: rushed to start trading this morning. didn't even get to do my daily levels before the market open. Trading from home so i can fully concentrate. First trade was an ORBD in CRON. almost took it a minute earlier but i decided to wait for the first 5minutes. my stop loss was $15.90 at the body of the 5min candle and i wanted a pullback to $15.80 for my full position but ended up getting a bad fill at $15.76. it touched my stop and i'm glad my nerves were good this morning because instead of being trigger happy and bailing, i gave it to the break of a new 2min high after my entry and luckily it sold off after. i had all the MAs and VWAP above me on every chart but the daily and the 200 MA on the 15min so i was pretty confident in my trade. Once it broke the LOTD, i set my range order for $15.90 to $15.34 and sat on my hands. happy that my order got filled. GOOD: good setup, good R/R RFI: could have waited for a new 2min low before hopping in. MOOD: happy for a green friday CONSISTENT: yes. What i did good today: took only setups and had share size that matched my stop loss What i did bad today: Entry was too early. should have waited until for a new 2min low What can i do better tomorrow: wait for better entries.

i agree with you Rob, i'm only paying 6 cents more than the faster Centerpoint rate on IB. It makes sense to switch to IB just for the peace of mind.