Rob C

Swing trade journal 1/28/2020 Long KO at 56.04. Stop at 55.40. First partial at 56.93. Second partial at 57.48. Next target 58. Missed my stop today by a penny and bounced. But still finished the day weak, again. If I had a decent internet connection at the close I would have exited the trade today, Long again on D today. Took this near the open when it was showing strength again. Entered at 83.70 and first partial at 84.47. Stop at B/E. Long KWEB at 47.83. First partial profit at 48.58. Second partial at 49.16. Stop at B/E. Long GMRE at 14.76. For a stock that gets 200k-300k volume each day I was looking at <2k volume the first hour of trading today. It felt like the stock was halted. I exited on low volume at 14.87.

Tuesday 01/28/2020 I had a well-being score of 7.5/10 this morning. I took 3 live trades this morning with LK. My watchlist: PFE, LK, HOG, UBER, TSLA and XLRN. I actually had UBER on my main screen, but LK dropped hard and snapped back making a hammer. I moved LK to my montage as it was breaking a PM level and 50MA-1min. L2 had a bullish signal so I went long immediately. The price action was still quite wild so I scaled back the shares a bit (~67%). My target was the 39.80 level, though there was a strong 39.37 level as well. My stop was the bottom of the wick. What it looked like when I took the trade. Note the L2 signal: The price popped immediately and I took a few partials. I was holding the last 25%, but I thought I was done for the day. Then LK was setting up again on a pull back. So I wanted to add in. I then made 3 mistakes. First, I took full share size. At most I should take is 75% to bring me back to full size. But now I have 50% too many shares. But SPY was popping so I got a bit too greedy. Then I got a bad fill. But I told myself the R/R is still OK, but it actually wasn’t. The 39.80 level is now irrelevant. The price action proved the 39.37 is the new target since it was respected. Now my R/R is ~1 and I need to get out of the trade. Then I heard Andrew bail on the trade, but I still held on since SPY was really popping. Finally the price broke down and I was stopped out and my green day became red. Though I haven’t looked at my P/L for 3 months so I am not sure how red. I was managing my swing trades and I noticed LK was setting up again for a long. I wasn’t planning to take the trade but then a bullish L2 signal hit. Sorry I didn’t have my video on at the time so I can’t show it. But it was substantial enough to go long. It ended up a scalp, but I am sure it did get me green again. Target the 39.37 level again and 38.91 as my stop. What did I do good today? Entered two trades from L2 signal. What I am grateful from today? That third trade on LK. What I should improve on: Must be careful on my share size for the add ins.

Swing trade journal 1/27/2020 Very busy but profitable day. . Long KO at 56.04. Stop at 55.40. First partial at 56.93. Second partial at 57.48. Next target 58. Finished the day weak, but happy it was only down -0.35% when SPY was down -1.6% Long and stopped out D today. Took this near the open when it was showing strength. I thought it may be wise to take a safe play (Utilities) today. I only went half shares and a reasonably tight stop. After entering, D was weak the rest of the day and I was stopped out for a -0.3R loss. Long and exited LK today. Entered at 37.16 and partialled twice and all out at 39.18. Long and exited SDC today. Entered at 12.51 and partialled three times and all out at 13.44. Long KWEB today at 47.83. First partial profit at 48.58. Stop at B/E. Only have 1/3 shares left. I didn’t want to hold a Chinese stock over night. So I kept the risk low. Long GMRE today at 14.76. Price bounced off of the 14.60-14.65 support level again and I went long per plan. The price slowly drifted upward the rest of the day but not high enough to take a partial profit. Finished very weak. Makes me nervous. But I stayed in since it is nice to hold a position in a stock that was down -0.27% on a day SPY was down -1.6%. Also I am worried the daily now looks bearish with a dome created. This is my most worrisome position. Stop at 14.55.

Monday 01/27/2020 I had a well-being score of 7.5/10 this morning. I took 2 live trades this morning with BYND and ROKU. My watchlist: AAPL, BYND, MU, ROKU and AMD. Almost everything in the red today. Though I don’t like trading BYND I like that it looks strong, bucking the general sentiment. And ROKU finally breaking below the support levels. I had AAPL on my main screen, But after 20 seconds I saw BYND strong on my side monitor and moved it to my montage. The plan for BYND was to go long on the break of HOPM at 122.40. But L2 looked bullish so I entered the trade early. My target was 126.74 and my stop was 121. My R/R was very large which usually doesn’t work but BYND went well above my target today. Note L2 when I took the trade: I actually got 3 partials in. Then I set my auto stop at B/E as a precaution. But honestly I was so far above B/E I thought I was safe. And then a few seconds later price spiked down hard and just caught my B/E order. So I missed the rest of the run. ROKU has been making a descending wedge on the daily chart for awhile. Today it finally broke below support. I shorted on the low of the day. My stop was very tight at 124.74 support. I quickly took a partial and then set my auto stop to cover at B/E. But I wasn’t on my usual DAS laptop desktop. I was on my swing trade search desktop, which apparently doesn’t have all my hotkeys set right and the hot key immediately covered. I didn’t feel like getting back in so I walked away for the day. Actually, since my stop was so tight I still made a bit from the trade. What did I do good today? Entered a trade from L2 signal. What I am grateful from today? Traded BYND live for the first time. What I should improve on: I need to check all my hot keys on all my desktops.

Watchlist for week of 1/27/2020 D – Looking for utilities that haven’t already run yet. Plus with the Corona virus, the run to safety may be stronger. The price is hovering at the yearly high and getting close to an all time high. Bouncing off the 9MA-D 4 out of 5 days. RSI not overbought with 63. Will go long with a starter position at 84.50 and more at 85.40. ROKU still has that descending triangle. Looks like a short if it drops below 127. Very scary going short on ROKU. Will need a large stop or protective call. BBIO is forming an ascending triangle. RSI=49. MACD may cross with one or two green days. Volume has been strong the past month. Long >35.70 ORCC holding at $16 with lots of volume. I don’t know which way it will pop. But it looks like it will very soon. RSI=29 and MACD will go bullish with a couple of green days so I will probably take it long if it breaks 16.25. But honestly it looks like it may break down more. OLLI has gone bullish. Feels like Friday would have been the entry so I may be chasing it. RSI=46. MACD will cross to the bullish with one more green day. Will go long if I can get a good entry. Short% is high with 22%. GLIBA seems to be forming a cup and handle. Will go long at 74.40 with a starter position if it breaks 73.50. MACD just crossed to the bearish. That will need to flip before I take a full position. RSI=53 STML is over sold but holding the bottom well. RSI=23. Price fell last week on a Q4 preannouncement of lowering guidance. Big drop for the quarter not so big for the year. Dropping 30% in price for a 7% yearly shortfall seems overdone. Short%=10%. May go long >7.15 GRME is consolidating after reaching an all time high. Great support at 14.65. RSI=69. Good div of 5.4%. Would go long off of a bounce from 14.65 or a break of 15. ALLY is showing good volume and is right at a resistance line then has a nice size gap to fill. MACD has been bullish. RSI=62. There was a death cross 5 days ago but that could easily reverse with one or two green days. The 20MA will cross 50/200MA with one more green day. Long >32.80 Secondary list: KNL CENT (if it ever gets volume) GRMN EXC DIS LK SDC TD APD

I like your trading on Friday. It shows planned trading and executing on the plan. Shows lots of discipline. Your first trade was a classic 5min ORB going long at the break of the candle body. You were close enough to VWAP that R/R was good (to the high of the day). I usually don't like taking those ORBs with large wicks like that. I do see other traders take them but I am usually not very successful unless the 5min candle has small wicks. The second trade was a nice false break out. It looks like you might have reached 2R so most traders would have taken a partial. But I am not sure where your stop was. Third trade was a classic 15min ORB. Yes it could be said the 15min candle was also wicky, but it had a really nice R/R. Again it was a good day. Impressive for someone just starting out.

Yes you do get the DAS simulator with thw CMEG account. Now that BBT DAS simulator has a replay feature, the 3 month SIM with lifetime package is not redundant. You will be able to practice trading anytime of the day. The BBT website still lists the discounted rate codes. I haven't heard anyone mention they are unavailable. I don't see Alliance mentioned anymore so I assume that broker has fallen out of favor. Since I left CMEG they have improved their rates substantially and I hear the customer service has gotten better.

Swing trade journal 1/24/2020 Lots of stop outs today, though none for a loss. It is nice going into the weekend with only one position. Stopped out KNL today at 25.24. Entered at 24.46 and 25.03. First partial at 25.15. Second partial at 25.42. Long KO at 56.04. Stop at 55.40. First partial at 56.93. Second partial at 57.48. Next target 58. Finished the day with lots of strength. Finished a little in the red but better than the broad markets. Stopped out WBA at B/E today. First partial at 53.45. I should have exited yesterday at the close when it was weak. Stopped out GILD at B/E today. First partial at 63.63. Second partial at 63.97. A bit surprised by the weakness since it finished with strength yesterday, probably just the broader markets. Entered and exited ADNT today. The price dropped hard today and reached the bottom of the channel. Also, it looked like a good reversal on the 5min chart. Went long at 19.74 and when it reached VWAP I thought I don’t really want to hold this position over the weekend. So I exited at VWAP ($20.19). Everyone have a good weekend!

Great trade. Great adding back. You added in when I bailed

When I used eSignal (which I think does have the best charting SW) they connect with brokers through their platform. So you could trade with their platform. At the time I used it they just offered Futures. I think they offer Equities now through a broker on their list and the platforms connect. So you trade through the eSignal platform using one of their brokers they have a partnership with. At least that was how it worked when I was using it. Though I found I really didn't need that good charting. But if you want the best, especially with time frames less than 1 minute, then I recommend them.

Friday 01/24/2020 I had a well-being score of 7/10 this morning. I took 2 live trades this morning with INTC. My watchlist: INTC, SYF, AXP, TSLA, SNAP and AMD. I liked INTC and thought it had room to run. I was planning to take a 1min ORB or when the price breaks $67, which ever comes first. Then my DAS platform crashes at the open. I quickly restart it. I then hear Andrew complaining about the same issue. But the way I have my platform set up you can’t quickly restart. When DAS was back up I see I missed my entry on INTC. But not by much so I went long. The price immediately stopped moving as soon as I enetered and I was feeling uneasy about the trade. Then I heard Brian say he took INTC. The price then popped up a little and I took a partial and set my auto stop at B/E. My stop was triggered in a few seconds. Then looking at the setup it looked good for a long again, so I got back in. This is usually difficult for me to do. Then I heard Andrew say he went long INTC. My target was $68 with 67 as my stop. I took a quick partial out of nerves than a second one at the 1min high. Then as the 5min mark approached it looked like a great 5min ORB or ABCD. But it’s usually a disaster when I add into a trade. But I could feel it was the right thing to do. Then luckily a L2 bullish signal hit and I added in. The L2 signal when I added: Then I took a partial quickly due to nerves of adding. But then my partialing got better after that. Then all out when the price broke through the 9MA and created a reverse hammer. What did I do good today? Got back into a trade and added into a trade. I usually have issues with both of those. What I am grateful from today? Recovered quickly from IT issues. What I should improve on: I am happy with my trade today.

Thanks Mike. Sorry about the multiple questions. And congrats on becoming a moderator. I just noticed you are on the right side of the chat now.

Mike, Any particular time frame (1min chart?) you look for the resistance/support touches?

Swing trade journal 1/23/2020 Long KNL at 24.46 and 25.03. Stop at B/E. First partial at 25.15. Second partial at 25.42. Next target 25.67. Almost stop me out at the open. Flat for the day, though made a nice hammer on the daily cart. Long KO at 56.04. Stop at 55.40. First partial at 56.93. Second partial at 57.48. Next target 58. Stop moved to 56.50. Finished the day with lots of strength. Stopped out on GRMN today at B/E per plan. First partial at 100.71. The price spiked down at the open and filled my stop order. I just wish my fill wasn’t the low of the day. Long WBA at 52.95 today. First partial at 53.45. This was from Brian’s watchlist. It made a nice double bottom and I went long. Finished the day with weakness. Almost bailed on the trade at the close. But since it was still above VWAP I held. I hope I don’t regret it. Stop at B/E. Long GILD at 63.25 today. First partial at 63.63. Second partial at 63.97. This was from Brian’s watchlist as well. Went long when it broke above VWAP and held. Stop moved to B/E. Finished the day with strength. Stop at B/E.

Mike, thanks for the explanation. Let me know if this is correct: 1) 9/20 cross on the 1min 2) 5/15min low/high in the wrong direction vetoes trade 3) 9/20 sloping towards 50MA on higher time frames 4) Watch/wait for support/resistance levels. 5) Entry on L2 signal beyond the support/resistance levels. So which longer time frames do you need for step 3? I know the more the merrier. But is 2min enough or you need it on 2/5/15min? Do you look for the min of 3 touches of the support/resistance like Thor? Do you need to see a ascending/descending triangle? How large of a Bid/Ask do you need to see to call it a signal? Thanks again. Due to my recent start in swing trading and looking for a good entry, I inadvertently started taking trend trades. Which I now better learn fast before the bull market disappears.

Thursday 1/23/2020 Internet outages in my area. No intraday trading this morning. I managed my swing trades by smart phone. I hope everyone is having a green day!

Hi Mike, great MU trade. I have noticed you seem to be entering trades just before the MA cross over. Which is a great advantage if you can predict it. Is this planned? How do you do it? Do you enter the trade when the fastest time frame has the cross so it preempts the MA cross on the longer time frames?

Swing trade journal 1/22/2020 Long KNL at 24.46 and 25.03. Stop moved to 25. First partial at 25.15. Second partial today at 25.42. Next target 25.67 (high of today). Long KO at 56.04. Stop at 56.50. First partial at 56.93. Second partial today at 57.48. Took an early partial due to the RSI=73.5. Next target 58. Stop moved to 56.50. KO finished the day with strength. Long GRMN at 99.60. First partial at 100.71. Stop at 99.50. Moved higher today and made another all time high. Then moved lower the rest of the day. Finished weak. If it wasn’t for that higher high created today and the support seen at 100, I would have exited at the close. Stop out ICE today at 96.42 per plan. I knew this was coming when they reported bad news last night. Will keep an eye on it for a later trade.

Nice PINS trade. More automation will help with taking too many partial profits. It reduces the stress where we all have a limited reservoir to tap from. Kyles hotkeys will help. I don't use his hotkeys, but I have something that has the same function (though much more rudimentary). I know having a hot key that auto sets your exit at break even after your first partial helps let you sit back and wait for a better place to take profit.

Wednesday 01/22/2020 I had a well-being score of 7/10 this morning. I took 2 live trades this morning with FB and IBM. My watchlist: NFLX, FB, SPCE, TSLA, IBM and AMD. I didn’t like the watchlist today and considered trading in SIM. IBM and SPCE were OK, but I didn’t have shares to short for SPCE so I had IBM on my main screen. The other stocks were just filler, but didn’t like them. I was watching IBM for a long. A resistance level formed the last 15min of PM and a level at 143.65 looked like a good place to go long. But IBM opened with no volume. Looking around I saw FB with a strong open on volume. When I brought it to my montage I immediately noticed a L2 bullish signal and went long. The price instantly reversed and I stopped out when the price broke the 222.29 tech level. L2 when I took the trade: The trade: The plan I had for IBM was to go long when it broke the 143.70 level that was respected in the last few minutes of PM. But I was trading FB when that occurred. So I went to plan B, which was wait and plan to go long when it breaks the daily level at 155.59. As I was waiting I heard both Brian and Andrew say IBM looks strong. I usually do not get influenced by the chat very often. But FOMO was high missing the entry I wanted, so I went long slightly early. The price immediatley bounced off of the 155.59 and sailed lower. My stop was the 143.91 daily level but it flew through that I got a terrible fill for a -2R loss. I then promptly shut my platform down and walked away. What did I do good today? I did think the FB trade was fine and executed well. It just didn’t work out. What I am grateful from today? I was able to turn off my platform and walk away. What I should improve on: My plan for IBM was fine, but I let FOMO get to me. I need to listen to CB. If I do that again I may start wearing this T-shirt every morning. It reminds me that FOMO is such a childish emotion and I should be able to control it.

Swing trade journal 1/21/2020 Long KNL at 24.46 and 25.03. Stop at B/E. First partial at 25.15. KNL finished with strength and was green on a red day. Long KO at 56.04. Stop at 55.40. First partial at 56.93. Next target 58. Stop at 56. KO was also green on a red day. Stop out today at 21.42. ADNT entered at 20.56. First partial at 21.33. Second partial at 21.80. Third partial at 22.10. Price tumbled right from the open. Luckily it bled slow enough that it hit my stop instead of opening way below my stop. Long GRMN today at 99.60 per plan. First partial today at 100.71. Stop at 99.50. MACD crossed today (bullish). Long ICE today at 97.10 per plan. Stop at 96.42. ICE showed strength and moved higher after my entry. But finished today very weak. I almost bailed at the closed due to the weakness, but I thought at least the stock is flat when the markets are red. Apparently that was a mistake. ICE announced after the close that one of the executives is retiring. We will see if it gaps down tomorrow on the news.

Hi Huntermac, welcome. I really like the second trade on SPCE. It's great to see setups on two different time frames. It was a good 15min ORB and on the 1min chart a good ABCD or cup and handle. Aimen, one of the moderators, would have taken that trade when the price bounced from the 9MA. I would have done the same as you and waited for the break out.

Tuesday 01/21/2020 I had a well-being score of 7.5/10 this morning. I took 3 live trades this morning both with MS, TSLA and JD. My watchlist: MS, TCOM, AAL, JD, TSLA and TAL. I tried my first ever rising devil trade on MS this morning and was stopped out. I have never tried it before so I went half shares. MS gapped down and was heading into the open weak. It popped at the open and I planned to split my shares into two. I would short at the $56 mark and again at the 56.18 tech level. My stop would be at a PM level at 56.36. I stopped out a little early. The good news is I lost exactly the planned -0.5R. So at least the risk management was well executed for my first try at this setup. TSLA was showing its usual strength. I missed the 1min ORB but at 3 minutes it was breaking a daily level (3 days ago close). So I went long at the break. Stop was tight at 537. I took a partial at 1R and set my stop at B/E where it immediately was reached and I was stopped out for a small profit. JD was showing strength but not very good volume. So I went half shares on a 5min ORB. I entered a little early when the price broke the 39.40 level. Shortly after a huge bullish L2 signal appeared on the ask so I added the rest of my shares to my position. My stop was the all the way to VWAP with a $40 target. L2 when I added shares: I tried to take partial profits at the top of each 1min candle. My second partial was taken because I was giving up on the trade, but the price popped higher as soon as I took the partial. What did I do good today? Tried my first rising devil trade and maintained good risk management. What I am grateful from today? A profitable JD trade making my day well into the green. What I should improve on: Keep practicing the rising devils.

Watchlist for week of 1/20/2020 ROKU has a descending triangle you can’t ignore. RSI isn’t too low at 42. It is the only potential short I have on my watchlist. May short if the price breaks below 126. I really like CENT or a long. Price broke resistance, MACD crossed recently, RSI is not at over bought yet and has a very large gap to fill. But the extremely low volume is what keeps me out of the trade. I will go long as soon as volume is seen. ICE has broken out to an all time high. RSI at 65 and the $100 mark may pull it up. Trigger at >$97 or a good intraday setup. EVN at the $13 resistance level again. If it breaks it (also an all time high) I will go long if it has volume. I like GRMN a lot. It tried on Friday to make on all time high and bounced at that level. If it breaks and hold 99.30 will go long. I like that it is close to $100 as a level to pull it higher. Good volume on Friday. MACD is about to cross (bullish). RSI not too high at 61. You can draw an ascending triangle and a double bottom on the daily chart. Secondary list ORCC hitting historic low levels with RSI=27. Price may bounce due to the dividend getting very large at 7.8%. It is on my secondary list due to the R/R not being that good. I would need a really good intraday setup to go long. WFC dropped due to disappointed Q-report. Looks like it may bounce. R=27. Div=4.2%. Also on the secondary list due to poor R/R. I would also need a really good intraday setup to go long. I like the bull flag on the daily for BILI. May test all time high again. HRL just made an all time high Friday. I may be chasing this one. MACD crossed (bullish) two days ago and RSI=66. Maybe with a good intraday setup I will go long. I like PG with an all time high, MACD crossing, not too high RSI (63). But PG had earnings this week. So I will wait until after they report.

Swing trade journal 1/17/2020 Another eventful day. Soon after the open I noticed my swing trades were up 3R in unrealized gain for the day. So I stopped day trading (I already had one good trade, so that was OK) and looked at my positions and saw none of my 5 positions were at a sell point. They were all up some giving a good unrealized gain, but nothing to sell. Too bad because by days end I had a loss. Long KNL at 24.46 and 25.03. Stop at B/E. First partial at 25.15. Again KNL did get with n a few cents of my limit order to take more profit, but then fell the rest of the day to finish flat. KNL had news of closing a factory. It didn’t seem to have much of an impact with little volume today. Long KO at 56.04. Stop at 55.40. First partial at 56.93. Next target 58. Stop at 56. Little change today. Will hold and wait. Long ADNT at 20.56. First partial at 21.33. Second partial at 21.80. Third partial at 22.10. Stop moved up 21.42. Opened well, then dropped 3% to almost stop me out by a few cents. Then finished very strong to almost PDC. It is interesting that the price range today was identical to yesterdays. Today we finally broke 1M volume. ADNT has been trading in a tight volume range near 1M for the last 7 trading days. Stopped out again on WORK today. Two stop outs in two days. I think I will call it quits on this stock. Exited CENT today. I was shocked how little volume today. I felt uncomfortable holding the stock so I exited for a small profit. Funny after I exited, the stock slowly moved higher on extremely low volume to reach my first target. But I feel I did the right thing. I will keep an eye on CENT to see if the volume returns. Have a good weekend.