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Mark D.

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Everything posted by Mark D.

  1. Thursday June 20th, 2019 Sleep: 7 hours. Mood: good, ready to trade. First trade of the day was a 15min ORBU/ 2min wedge on ORCL. i made a hotkey error and got in for 100 shares when i meant to put my stop at a new 5min low and get about 33 shares. I didn't immediately panic so that's good but i ended up selling half at 1R and another 25 at 2R. While i was in the trade, i felt really good about it but i was all screwed up on my profit target that i decided to bail on a 5min engulfing when it came back to my entry. that turned out to not be the right thing to do. looking back on the trade now, there was nothing on the charts that said bail on the trade and i could have just held all the shares and sold for a 30 cent profit on the whole deal and had a good day but instead i just butchered it to a 1R win with 4dollars in commissions. GOOD: good setup and entry RFI: positions size caused me to panic and butcher a good trade MOOD: upset with my trade management CONSISTENT: not at all. Last trade of the day was an ABCD in AMD. i was long biased AMD and i was hoping it would really run if it could break through the PPDH. i got in on a pullback to the MA on the 5min chart after a bull flag. i was hoping for an ABCD with an entry on a new 2min high. It did end up making a new 2min high but then immediately engulfed the next 2mins instead of making a new 5min high and i figured i would get stopped out but i stuck to my plan and got stopped out. GOOD: waited for a pullback for an entry RFI: got in anticipating the move and not waiting for confirmation. MOOD: ok it is what it is. i knew it was a risk to preempt the trade so i'm accepting of this loss. CONSISTENT: yes, stuck to plan What i did good today: great setup and entry in ORCL. What i did bad today: butchered my exit on ORCL and preempted a move in AMD that did not work out. What can i do better tomorrow: watch the hotkey errors and only take ABCD setups you see on the 5min chart on a new 5min break. don't try to get in early.
  2. Wednesday June 19th, 2019 Sleep: 7.5 hours. Mood: good, ready to trade. practicing emotional acceptance of real loss. first trade of the day was an ORBU in $X. I'm finding that i'm frozen by fear when i'm seeing good positions to get in to. i wanted to take X long right at the start of the second 5min candle but i froze and couldn't pull the trigger. then i wanted to get in on a pullback but i couldn't bring myself to pull the trigger on a full size so i did half size. then added the other half at the break of HOTD. This moved my entry to 15.38 and I needed to get to 15.68 for 3R. it came two cents from my target the first time and i held all for an hour until it hit my PT that was also the high of the day but i didn't get filled. then it made a shooting star on the 5min and i got out at 2.2R the candle after. i'm all for staying in my trades until my profit but i did not like at all how it broke the HOTD then ended lower. happy with my decision to get out. GOOD: took a winning trade! RFI: had i took my full position at the first two times i wanted to enter i would have had 3R without any trouble. MOOD: good. CONSISTENT: yes. though i should have got out right at $15.67 or $15.65 when i was i didn't get filled. no point in penny pinching. What i did good today: took a good setup and actually took the trade even though i needed to scale in. What i did bad today: fear on my entries. What can i do better tomorrow: take the dang trade. work on fear of entering trades. i'm not going to reduce share size yet but i might if it helps me get over my fear.
  3. Tuesday June 18th, 2019 Sleep: 7 hours. Mood: feeling a little fear from yesterday's max loss but i'm focusing on each trade as independent of the next one. i feel pretty good. Almost took the engulfing crack in AMD but i was waiting for a pullback which i never got. watched it climb over a dollar from where i wanted to get in to the trade. pretty much just building FOMO until i finally tried a double top that didn't work at all. GOOD: got out at stop RFI: bad trade. went short right in to a MA MOOD: disappointed CONSISTENT: not a great setup but i stuck to my plan last trade of the day was a double bottom in BYND. i liked how it was holding the 200 MA on the 5min chart and the volume of the new 5min high at 10:20. got in long on a new 2min high after waiting for a pullback. got stopped out about 10 minutes later. the trade may end up working out after i got stopped out. went over my stop by about 60 cents. before reversing in my direction. GOOD: setup made sense, waited for an entry RFI: could have waited for an MA cross on the 2min before jumping in MOOD: feel pretty numb about it which i think is good. i'm not angry about getting stopped out. CONSISTENT: yes, followed my plan What i did good today: took only setups and didn't chase AMD. What i did bad today: setups weren't that great. missed a really good setup in AMD. What can i do better tomorrow: Take better setups.
  4. Monday June 17th, 2019 Sleep: 7.5 hours. Mood: a little nervous with the thought of live trading again but also excited about it. First trade of the day was a 10 min ORBU In $BYND. i liked that it held the VWAP and then made a hammer and then a new 5min high. got in right at the break then it broke the HOTD with volume and i thought it was going to hit my profit target but then it sold off significantly and instead of getting out on the shooting star 5min candle, i held for a full R loss. GOOD: liked the setup and the follow through on the HOTD. RFI: should have bailed way earlier instead of hoping for a turn around. MOOD: disappointed. also a little mad at myself for taking this same trade i took Friday that did pretty much the same thing. CONSISTENT: yes stuck to my original plan. The next trade was an ABCD in $AMD. got in on the 5min break and then it couldn't break the HOTD and immediately reversed on me for a stop out. GOOD: setup, R/R, entry was good. RFI: i guess i could have waited to see if it was going to break the HOTD first before jumping in. also, i'm noticed less volume on the new 2min high that i didn't see when i got in. MOOD: disappointed CONSISTENT: yes, got out at stop. Last trade of the day was no setup on $AMD. got in on a pullback to the low of premarket after breaking the VWAP. it did go lower but not close to the LOTD and then it double bottomed and came through almost all the MAs. i decided to bail a little early and got out right at the high. it then reversed exactly at my exit and hit my price target, unbelievable. Did the wrong thing three trades in a row. GOOD: waited for a pullback for a good entry. RFI: not a setup that i trade. got out at the worst possible price. MOOD: embarrassed and angry at myself. CONSISTENT: no. That was not exactly how i wanted to start my live trading, to say the least. Held two losers to my stops when i could have got out for better prices and then i let go of a 3R winning trade at the worst possible price. i want to say that i couldn't do any worse but that's not true, i could have stubbornly held my losers past my stops and lost more money so in that regard i did good. I let my fear of losing real money take over my trading and i got exactly what i feared i would get. What i did good today: got out at my stops. What i did bad today: let my fear of losing money rule all decision making. What can i do better tomorrow: trade entries today were good, and i was right at my average of 33% correct. Had i stuck to my last trade and not got shook out, i would have had a green day. I can't let my fear of losing money rule my trading or i'll never be profitable. i'm chalking today's loss up to nerves of live trading and i'll try and work on them the rest of the week.
  5. Week 24 Recap Very pleased with my trading this week. I made a couple mistakes late in the week that hurt my P&L but with a win percentage at my yearly average and still having a green week is very encouraging. I’ve decided to go back live and try and work on 3R trades which should be good enough to slowly grow my account. · Weekly stats o 2.9 planned R/R (Goal: above 3.0) [Previous Week: 2.3] o 24/24 100% (Goal: above 80%) [Previous Week: 67%] o $15.23 (Goal: $250) [Previous Week: $12.10] o 3/3 50% trades with the trend (Goal: 100%) [Previous Week: 67%] o 2/6 33% Non-optimal Entries (Goal: 0%) [Previous Week: 17%] o 0/6 0% Letting Losers Run (Goal: 0%) [Previous Week: 25%] o 0/6 0% No Setup (Goal: 0%) [Previous Week: 25%] o 33% true win percentage (Goal 45%) [Previous Week: 40%] · Highlights o Two green days in a row. o Single winners were the biggest in sim YTD. o No losers past my stop loss o All trades were my setups. · Ongoing things to work on o Still working on bringing my win percentage up to 45% o I need to do a better job of logging my emotional state before the market opens. o Need to work on getting two 3R winners in a day.
  6. Friday June 14th, 2019 Sleep: 7 hours. Mood: good, ready to trade. As soon as the market opened, i got really fearful for some reason. the first trade i took was an ORBU in AMD. i did not like this trade at all. i did the exact opposite of yesterday where i waited for a new 2min in my favor before jumping in. not at all happy about my entry. it went against me immediately and i got stopped out in 2 minutes. bad trade. tried to flip my position but i wanted too high a price that the market wasn't giving so i missed the move down and i was too worried about the price action to get in on the short side when it came back to the 200 MA twice. i'm feeling off today. GOOD: position size and got out RFI: have to wait for a break or sign of clear resistance before getting in. MOOD: disappointed and fearful. CONSISTENT: yes. Last trade of the day was BYND. i got in on a weird ABCD where the A and C were the same spot. i took way too big of a stop and only got two shares so the stock had to move to $164 for me to get 2:1 R/R. which i was not happy about. it moved in my favor a good way and then starting trending down on the 5min. i got back in another 8 shares on a new 5min high for a much better R/R on the reward side but way too close to my entry on the stop loss side. It worked for a second and i'm happy with my entry but it did a 2min engulfing and then dumped a little past my range stop so i lost a little more than i wanted but i respected my stop. the first trade wouldn't have worked either so it would have been a 1R loss regardless. GOOD: traded setup, added to my position on another setup RFI: added too much so it didn't have enough room to let the trade work MOOD: fine. CONSISTENT: yes. All in all, not a bad day. AMD wasn't great but i'm fine with my loss in BYND. What i did good today: took setups, didn't get emotional over the losses What i did bad today: traded even though i was feeling a lot of fear What can i do better tomorrow: don't trade if you're feeling strong emotions that would negatively effect your trading.
  7. you took your entry on the second trade right on my exit. i should have held on. great job!
  8. Thursday June 13th, 2019 Sleep: 7 hours. mood: good, ready to trade. first trade of the day was an ORBD in AMD. waited for a new 2min low before hoping in. risked a little too much and that caused my profit target to be below the previous day low and the previous, previous day low which i wasn't too concerned with but then the stock didn't make a new 5min low three times in a row but did make a new 5min high so i bailed at breakeven. i wasn't confident it was going to reverse completely but i thought it could hit my stop loss so i got out of the trade. it ended up not going higher an hitting my profit target without me. GOOD: waited for a new low to get in. got out on price action RFI: could have got a little bit better entry would have made this trade much more feasible. shouldn't have bailed. MOOD: good CONSISTENT: i changed my plan because i felt that the stock was reversing so i'm not sure how to classify this. last trade of the day was a double bottom in AMD. it couldn't break the LOTD and then made a new 5min high on volume so i put in a limit order right at the PDC and got filled so i'm really happy i didn't chase the entry. but right after that it couldn't break the MA on the 5min chart or make a new 5min high and i got stopped out when it moved lower. it ended up going to my original trade profit target. textbook example of why i use range orders and don't overthink my trades. GOOD: great entry and i thought the setup was good at the time RFI: i could have got out of this trade sooner. i know I just said i overthink my trades but this did 3 five minute lows in a row against me. i could have saved a couple bucks had i bailed. MOOD: fine, CONSISTENT: yep, followed my plan. What i did good today: only took good trades, respected my stops What i did bad today: talked myself out of a good trade. What can i do better tomorrow: don't get out of good trades solely because it made a new 5min high against. wait for confirmation like a break of key supports.
  9. Wednesday June 12th, 2019 Sleep: 7 hours. Mood: good, ready to trade. i missed the ORBs because there were a lot of people around the office this morning. i really liked MU as a 2MIN ORB getting in on the pullback so i was watching it move up to VWAP to get in on the short side. once it couldn't make a new 5min high with the 2min indecision doji, i got in short at the break of the 2min low. i should have waited for the pullback for a proper double top but i set my stop loss high enough that i didn't get booted from the trade on the pullback. i had to leave my computer so i put in my range order for 3R and when i got back i was happy to find i got filled. GOOD: R/R and position size. RFI: could have waited for the proper double top to get in MOOD: happy, surprised it hit my target. I was convinced it was too far away. CONSISTENT: yep, followed my plan. What i did good today: set my profit target and didn't over manage my trade What i did bad today: didn't wait for a better opportunity to get in to the trade. could have got more out of the trade. What can i do better tomorrow: try to take two good trades in a day.
  10. Tuesday June 11th, 2019 sleep: 7 hours. mood: good, ready to trade. I didn't see any ORBDs i liked and i thought the price action was pretty choppy this morning but that may just be due to me not trading for a couple days. I wanted to go long on AMD when i saw it was respecting the 200MA on the 15min chart but i stopped myself because that's not one of my setups and i waited for a double bottom. i got in right at the PPDH and at the time of entry i wasn't happy with my position size because i wanted my stop loss to be the LOTD but the trade did not give me any trouble. i put in my range order for a stop below the PPDH and 3R and got filled at my profit target. happy with this trade. GOOD: waited for my setup. good entry. RFI: position size too big. could have got 4R on the trade. MOOD: good. CONSISTENT: yes. i didn't see any other trades i liked so I called it quits. i want to take another trade to make my daily goal but i don't want to take a trade just to hit a number and it not be a good setup. What i did good today: took only good setups. What i did bad today: stopped trading on fear of losing profits from my first trade. What can i do better tomorrow: keep trading if there are good setups.
  11. Friday June 7th and Monday June 10th No trades either days. Had personal things to do both days so i couldn't trade. back at it tomorrow.
  12. Week 23 Recap Pretty good week of trading for me. Only got to trade 4 days but almost all green with the exception of my trading on Wednesday. Proud of my trading this week. · Weekly stats o 2.3 R/R (Goal: above 2.0) [Previous Week: 2.3] o 32/48 67% (Goal: above 80%) [Previous Week: 90%] o $12.10 (Goal: $250) [Previous Week: -$9.02] o 8/12 67% trades with the trend (Goal: 100%) [Previous Week: 60%] o 2/12 17% Non-optimal Entries (Goal: 0%) [Previous Week: 10%] o 3/12 25% Letting Losers Run (Goal: 0%) [Previous Week: 10%] o 3/12 25% No Setup (Goal: 0%) [Previous Week: 20%] o 4/10 40% true win percentage (Goal 45%) [Previous Week: 44%] · Highlights o First green week in like 8 weeks so that’s exciting o Good job this week taking 4R, 3R and 2R trades this week. o Great job controlling FOMO on Monday. · Ongoing things to work on o I need to be more consistent with my point convention. o Working on doing only 3R exits with no partials to make up for my 35% win percentage o Need to push myself to take more good setups when I’m trading well.
  13. Thursday June 6th, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade of the day was an ORBU. i missed the entry on the 2min so i waited for the 5min. i got in 1/3rd my position on the break of the 5min body, risking a new 2min low and then added the rest at the break of the high of the day, moving my stop to the high of pre-market. i sold everything at 3R. Proud of this trade. GOOD: R/R, entry, exit, setup RFI: could have got 4R without a pullback MOOD: pride, very happy. CONSISTENT: yes. What i did good today: took only setups, followed my trading plan. What i did bad today: quit trading. I don't want to give any profits back which is good but there is still a good half hour left and if i hit one more 2R trade i would be at my profit target but i don't want to risk it. What can i do better tomorrow: don't let one winner stop you from taking more good setups on the day.
  14. Lol agreed! I keep telling myself to quit after my first stop out on Wednesdays but easier said than done.
  15. Wednesday June 5th, 2019 Sleep: 7 hours, Mood: good, ready to trade but busy talking and with constant distractions up in to the bell and after. also trading from my laptop because i'm traveling. First trade of the day was an ORBU in CRON that i took on a pullback to a daily level for an entry. it went in my favor a tiny bit but i ended up bailing before my stop at a new 2min low. glad i got out, saved me some money on my stop that was hit. GOOD: got out before my stop RFI: not that great of a setup. MOOD: fine CONSISTENT: yes, followed my plan and got out when it was not working. next trade i tried to take a reversal in MU. i like the hammer low and the break to a new 5min high where i got in. i realize now that it really didn't make a new 5min high, just the spread went over by a penny. got stopped out quick. GOOD: got out at stop RFI: no setup, didn't let the market confirm it was going to go higher. MOOD: fine, a little disappointed CONSISTENT: yes, respected my stop and followed my plan. last trade was the same trade again on MU. it looked like it was finally going to go higher because it made a new LOTD but bounced back. i was too focused on the 2min chart and not at all looking at the 5min where it was making lower highs and lower lows and i got stopped out again. worst trade of the day. also stubbornly held for more of a loss than i should have. I am not trading well this morning. that trade hit my max loss so that's it for the day. GOOD: DAS prevented me from losing much more than i did RFI: no setup, stubborn selling loss. CONSISTENT: no. MOOD: mad at myself for the bad trading. i don't know what it is about Wednesdays but i'm really prone to hit max loss on it or be red. i haven't had a profitable Wednesday in 8 weeks with almost half being max loss days. i know that it seems silly to pick a day that i don't trade well on but it's like a self fulfilling prophecy that i'm not going to trade well on Wednesday especially if i've had a good week up to that point. What i did good today: bailed on my first trade when i saw it wasn't working. What i did bad today: holding past my stop is a huge no that i've been doing more of lately, i need to work on not doing that the rest of the week and also i've taken a ton of trades this week that aren't my setup or edge and it shows in my P&L. trying to go long in a week market. once or twice is forgivable but three times in a row is just stubborn and unnecessary. What can i do better tomorrow: trade your setups. respect your stops. two basic things that are essential to good trading days.
  16. Tuesday June 4th, 2019 Sleep: 7 hours. Mood: good, ready to trade. quiet trading day at home. The markets were really choppy for me this morning and i only took one trade that i was not confident in but made it to 2R. I took AMD long above the VWAP after it made a new 2 min low but couldn't break lower through the moving averages. i recorded my thoughts while trading on mic and i was not at all confident until it broke the HOTD then i was pretty sure my order would get filled. i'm happy i didn't let my pessimism talk me out of this trade. i almost got out with a small win even though it never went against me. GOOD: stuck to the trade and hit my profit target. RFI: even though i hit 2R i could have hit 3 or 4R but i convinced myself it wasn't going to move very far. MOOD: good, always happy for a green day with good trades. CONSISTENT: yes, stuck to my plan What i did good today: patient and very careful with what trades i took. What i did bad today: even though this trade worked, it's not a setup i trade or recognize. What can i do better tomorrow: only trade setups.
  17. Monday June 3rd, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade of the day was a 2min ORBU in AMD. definitely got caught in the FOMO on AMD. went full share size and got auto-stopped in about 30 seconds. ok not that big of a deal, the setup was ok, i didn't like the $29.14 level that was the current HOTD but all in all i think the setup was fine. I meant to put a stop at the $28.85 level but i was having hotkey issues and i didn't want to miss the trade (bad!!!!) and i ended up getting what i should have on this trade. GOOD: setup RFI: position size too large for the moves AMD is making today MOOD: fine CONSISTENT: nope, froze when i should have got out and had the DAS stop catch me. broke my rule of taking 1 loss on ORBS in a day by taking a 5min ORBU in AMD. this one did go to 2R but i absolutely butchered the exit, getting out 75% before 2R and partialing way too much for a 2R trade. so still down for the day but only slightly. Not at all happy with my trading because i should be up 1R on the day at this point but i was down instead due to my botching the exits. GOOD: setup was still there. really good entry. RFI: terrible exits MOOD: ok CONSISTENT: no, did not follow my selling strategy. Next two trades were the worst of the day. i went long in AMD on a new 2min high for an ABCD on the 5min chart but i couldn't break a new 5min high and made a doji on the 2min and a new 2min low so i bailed for a 0.5R loss, again too big of a postion size for AMD today, it's really moving. i would have got stopped out for a full loss had i not got out when i did so in that respect it was good. GOOD: got out before stop RFI: bad/no setup. FOMO MOOD: greedy and emotional CONSISTENT: yes, got out on price action Then i decided that it was now a short because it wasn't breaking higher and I got in on a revenge trade that I, of course, held past my stop for an auto-stop loss. GOOD: auto-stopped out RFI: no setup, revenge trade. MOOD: emotional, greedy, just trying to get a win CONSISTENT: no. Then i got in one more time on a 5min ABCD on AMD. this time it did make a new 5min high. thankfully, i realized how crazy my trading was and i calmed down and set a range order at my stop and a 5R profit target because i still believed AMD was strong and going to move higher, huge asks the entire time and volume on the upticks. it came back down to my entry but otherwise didn't give me any trouble all the way up to 4R when i decided it was crazy not to take any profit so i got out 75% at 4R and then the last piece on a new 5min against my position. this trade single-handedly put me in the green (barely) for the day. GOOD: good setup, entry and great R/R RFI: got in too early, guess instead of waiting for confirmation it was moving higher MOOD: exhausted and disgusted at my trading today. CONSISTENT: yes, stuck to my plan with modification for price action. I really made a Christmas tree on AMD today. I can tell i'm getting better, if only slightly, because a day like today a month or more ago would have been a max loss day but i managed to pull it together and come out slightly green. What i did good today: stopped trading after i was up because i realized how crazy i was begin What i did bad today: FOMO, greed, emotional entries, over trading. that pre-market run-up in AMD just broke all my fuses lmao What can i do better tomorrow: have to keep emotions in check at all times. also, need to realize when I've had several days of good controlled trading i'm at risk to lose it and make some emotional trades.
  18. Week 22 Recap Good week of trading for me. Red with commissions but green on trades. Win percentage was right where I want it to be, I just need to capitalize on the trades that are going in my favor and I’ll be good. The break away from trading really helped to clear my head and allowed me to be more focused on the price action and less worried about the outcomes. · Weekly stats o 2.3 R/R (Goal: above 2.0) [Previous Week: 2.4] o 36/40 90% (Goal: above 80%) [Previous Week: 71%] o -$9.02 (Goal: $250) [Previous Week: -$54.53] o 6/10 60% trades with the trend (Goal: 100%) [Previous Week: 29%] o 1/10 10% Non-optimal Entries (Goal: 0%) [Previous Week: 29%] o 1/10 10% Letting Losers Run (Goal: 0%) [Previous Week: 43%] o 2/10 20% No Setup (Goal: 0%) [Previous Week: 29%] o 44% true win percentage (Goal 45%) [Previous Week: 17%] · Highlights o Much better on the ORBs this week. I’ve been thinking about what William H said when he takes his ORBs by asking why would other traders go against my position so I’ve been making sure the ORBS I’m taking don’t have moving averages or levels as resistance before getting in. o True win percentage was much better, better than it’s been in 7 weeks. o Good job of cutting losing trades. o All stats better than last week. · Ongoing things to work on o Need to work on letting my winner run. o Still had one stubborn loss this week. Need to cut all losers next week and in the future.
  19. Friday May 31st, 2019 Sleep: 7 hours. Mood: good, ready to trade. first trade was an ORBD in $T. got a great entry and it did trend down for a little bit. it bounced off of $30.75 and then the next time it came near that level there were big bids below the low and i was confident i was going to get to my profit target but it didn't break and starting trending higher on the 5min chart and i got out at my breakeven. if i was a more seasoned trader, i could have bought twice my share size and rode it up but i got stuck in the hopeful stage that it would try the low again. at least i got out way before my stop loss. GOOD: good setup, good R/R, good getting out of a losing trade. RFI: could have flipped my position when it didn't hit the LOTD. MOOD: good CONSISTENT: yes. Last trade of the day i thought at the time was an ABCD in $ZUO but looking at it after it kind of already tried that move and i got it on the second try so i catergorized this as a no setup. I was in the right direction but it couldn't break the HOTD and i got out around breakeven. GOOD: got out when it rejected HOTD RFI: not really a setup. this would have been a good candidate for top fishing MOOD: good CONSISTENT: yes. wow what a slow friday for me but i guess a boring breakeven friday is better than an exciting red day. What i did good today: took good trades, didn't feel any strong emotions about my trades not working What i did bad today: not recognizing sooner that T wasn't going to break lower What can i do better tomorrow: when you see signs of something happening and then it doesn't happen (i.e. big bids below the LOTD expecting it to break but doesn't), act on it!
  20. Thursday May 30th, 2019 sleep: 7 hours. Mood: good, ready to trade. trading from my laptop this morning so no 15min or daily chart to look at while trading. first trade was an ORBD on TEVA. got in at the break of the the low of premarket but it came right back up and i got out before i got squeezed GOOD: good setup, got out when the trade didn't work RFI: could have got out with less of a loss MOOD: good CONSISTENT: yes Next trade was an ABCD in BYND. it ended up making a double top and when i went to get out before my stop i doubled my position on accident. then i was too hopeful to get out at breakeven and held to my auto stop of $13. GOOD: setup was valid originally RFI: hotkey error and not getting out at dollar loss MOOD: fine CONSISTENT: no, not to plan then i took a revenge trade in BYND and got in short for only 5 shares. this one worked and it hit my range order profit. not happy about getting in on a revenge trade but my revenge trades rarely work so i don't think this one time will cause a habit. GOOD: range order and waited for my profit target RFI: revenge trade. MOOD: good CONSISTENT: no i didn't fully plan the trade. last trade of the day was a double top in TEVA. i had to get up so i missed my original entry on a new 2min low off the bounce of the PDH but it still hit my profit target. GOOD: setup, R/R, followed plan RFI: got in late MOOD: good CONSISTENT: yes, followed the plan. What i did good today: kept my emotions under control What i did bad today: Hotkey error and revenge trading What can i do better tomorrow: make sure to use the right hotkeys and never revenge trade.
  21. Wednesday June 29th, 2019 Sleep: 7 hours. Mood: good, ready to trade. feels good to take a couple days away from the markets and recharge. First trade was a 5min ORBD in GOOS. good entry, but i only got partially filled because i was afraid of a pullback and never got a chance to add to my position. i didn't think to add to it on the way down which would have been the smarter move. sold half when it moved 80 cents in my favor and then the rest when i thought it was hitting the bottom. turned out it kept falling all the way to my original profit target. GOOD: good setup and entry RFI: sold too early and didn't have enough shares MOOD: good CONSISTENT: no, didn't follow the plan. then i tried to take what i thought was a double bottom in GOOS and got in long on a new 5min high. it couldnt get through the MAs and just kept slowly falling all morning. GOOD: got out at stop loss RFI: not a true double bottom, labeling this "no setup" MOOD: good CONSISTENT: yes, followed the plan last trade of the day is my newest setup that i'm calling bottom (or top) fishing. what i do is put in a limit order 5 cents above the LOTD and hope for the price to test the low but then head back higher. with the limit order is a market stop 10 cents from my entry. Once i'm in the trade i switch to a range order of 3:1 risk reward to replace my original stop. my thinking is that i'm always trying to guess the trend change and double tops and bottoms are major reversal signals so i should in theory get some really good entries with this method. I tried it out today on AMD and it unfortunately did not work. i'm going to do more forward testing on this because i think it has a lot of potential to be a good setup i just need better parameters. had i done the double top in AMD today at 10:28 it would have worked beautifully. GOOD: entry and setup and stop all mechanical RFI: need to make better parameters (ie. maybe look for double tops and bottoms on the 2min not the 5min) MOOD: good. CONSISTENT: yes What i did good today: took all setups, kept emotions in check What i did bad today: second guessed my ORBD and cut a winner short for a losing trade. What can i do better tomorrow: don't sell the first half of a trade too early that's going in your direction. only trade valid setups.
  22. Week 21 Recap Doing this recap too late so I can’t recall how I felt about the week of trading. · Weekly stats o 2.4 R/R (Goal: above 2.0) [Previous Week: 2.1] o 20/28 71% (Goal: above 80%) [Previous Week: 86%] o -$54.53 (Goal: $250) [Previous Week: -$68.16] o 2/7 29% trades with the trend (Goal: 100%) [Previous Week: 62%] o 2/7 29% Non-optimal Entries (Goal: 0%) [Previous Week: 29%] o 3/7 43% Letting Losers Run (Goal: 0%) [Previous Week: 5%] o 2/7 29% No Setup (Goal: 0%) [Previous Week: 10%] o 1/6 17% true win percentage (Goal 45%) [Previous Week: 27%] · Highlights o Great double bottom trade in AMD. · Ongoing things to work on o Fell this week in no setup trades and trading with the trend and the worst one, letting losers run! Need to keep all these in check. o Two bad trades in a row on MU trying to catch reversals without signals. I went back and recalculated my true win percentage without scaling out and my results are below. The interesting thing is I was under the assumption that if I’m not trading live, I’m not progressing but looking at these numbers shows me that I’m having win percentage issues that are independent of whether I’m trading in sim or my real account so even though I’m not thrilled about trading in sim again, I am forcing myself to go back to sim until my win percentage is at least 45% and I have four weeks in a row where my net p&l is positive
  23. I have not tried tradervue but I've already went back for the year and recalculated my weekly win percentage in my excle sheet and it is 34%. Maybe I should always shoot for 3:1 trades and that way I'd still come out profitable. Thank you that's something to think about. I think I could get a better win percentage if I didn't try and catch reversals without a proper setup. Like I should only take double top and double bottom reversals. I guess the win percentage itself isn't the issue it's my revenge trading the same trade again and losing twice in a row that I need to work on.
  24. Yeah i agree that trade was at best a maybe and not worth taking. I was too focused on the 2min while the five minute chart was still trending higher. As soon as I got in I realized I was probably going to get stopped out. I was messing with combining my scale outs in edgewonk but it didn't change my win percentage but I didn't close edgewonk and open it back up so that may reset it, I will try that. Thank you!
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