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Rob C

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Everything posted by Rob C

  1. Hi Nas, thanks for posting your trades. Did you take W long yet? It looks like it has broken out of its range.
  2. Swing trade journal 12/13/2019 All out WDC at $55 WDC long at 49.30 First partial at $50.63. Second/third partial at 51.96 and 52.77. Then all out at $55. SLB Long at 35.74. First partial at 37.25. Second/third partial -yesterday- at 37.81 and 38.32. Fourth/fifth partial at 38.78 and 39.33. Stop at 38.30 SLB I still have a few shares left. Recent history SLB reverses when it hits 70 RSI. And we are hitting strong levels. But I think it is still worth holding onto a few shares and see if it consolidates and moves higher First on the watch list is PLAY. This is sort of an antitariff play since its revenue is domestic so it should be unaffected. Not a pretty chart. But it did have an OK upward trend the last 3 weeks and seems to have a nice support at 38.30. The reason for my interest is it tanked after earnings and completely rebounded the next day. Then the next day it did what I hoped and dropped again but to a lesser degree. Now I hope a pendant or even better a wedge can form that I can trade from. If this formation occurs it will take a few days. So I am just watching now. W I got from Nas posting it a couple of weeks ago and I have been watching it. It looks like it has broken out of the range now, but that was a really large range on Friday which causes difficulty in choosing a stop. If you look at a daily chart it looks like you go long on the break of 91.25 with a stop of 86.09. A $5 stop makes any decent R/R impossible. Looking at a 60min chart the $86 level doesn’t seem as critical. So two options. One goes on the break of $91 with a stop at $88. Though $3 is still a large stop, there are only 3 levels in between $91 and $100. A $92.50 level, but it is not that strong, a $94.95 level, which is strong but almost 2 years old and 50MA-1D. So it could really run if it gets going. The second option is go long at the break of 90.20 with a tight stop of 89.50 and manage it like a day trade for the first day or two. It could easily be stopped out, but if there was a signal on the 5min chart for the day it could be worth the risk. I will have to wait until Monday and play it by ear. I can’t make a decision on the trigger yet. Have a good weekend. See you on Monday.
  3. Yes, Carlos by chance posted his L2 config window and I saw how small my tiers were set. It looks much better now. Thx.
  4. Friday 12/13/2019 I had a well-being score of 8/10 this morning. Will be a short journal entry since again I was spending more time handling swing trades. I took 1 live trade this morning with BABA. My watchlist: BABA, ROKU, MU, SAGE and LULU. BABA had strong volume in PM and originally gapped up but headed down into the open. Between the Trump tweet and the tariff announcement at 9:30 I had no idea what to expect. 23 seconds after the open a 355k print hit. 3 seconds later a bearish print hit. 2 seconds after that a reverse hammer was formed and PM low was broken. I also like the 200MA-5min was near to act as a magnet. I went short. I got the usual bad fill. 1min chart and T/S when I entered the trade: My target was PDC with my stop (tighter than usual) on an invisible level around 205.60 that was respected in PM. I took a small partial at the 204.80 level (~1R). Then priced reversed and touched my B/E (which is now my stop). The price dropped back down to the 204.80 level where I took another partial because I was losing faith. The price reversed again and I exited a few pennies before my B/E because I hate when BABA flies through my stop. If I didn’t S/O early would I have reached my target? My stop is now set for two cents above B/E. I looked at my recording carefully and the price reversed 2 cents from my stop and the ask was 1 cent from my stop. So I would not have been stopped out and I missed the drop down. Every time I let BABA hit my stop order I lose half my profit in the fill. And when I stop out early it doesn’t reach my stop and I miss the run. I need to change my strategy. Then I quickly had to jump over to my Etrade platform and manage my swing trades. Which I journal here: https://forums.bearbulltraders.com/topic/1536-rob-cs-swing-trading-journal/ After managing swing trades I came back to DAS and got stopped out 4 times. My SIM trades have dropped <20% and I am losing discipline now when I take them. Not sure what happen. I need to adjust my strategies. What did I do good today? Traded using the prints at the open. What I am grateful from today? Able to switch focus quickly to swing trades. What I should improve on: Need to change strategies on B/E stop outs on BABA. First, I will try focusing on the spread when it approaches my stop. If tight let the order go through. If wide perform a manual stop. I also need to change my other trading strategies. My 5/10/15min ORBs having gotten really bad.
  5. Thanks Carlos. I didn't know how off my settings were until I saw your L2 config. Very helpful!
  6. Thanks for the screen caps and explanation, much appreciated. First that was a really nice pendant that was formed and it just broke when of your levels. Would you have taken the trade without the L2 signal? Is the L2 signal a plus on AMD or a must? I got chopped up on AMD so much I never have it on my watch list anymore It's really something to see a 80k ask stay on the L2 for over a minute. Is your T/S smaller window filtering 2k and larger? Is 2k significant on AMD? May I ask who your broker is? I have Centerpoint and your L2 looks much deeper than mine. There are 3 levels of L2 data from Centerpoint and I am paying for the deepest and most expensive and it doesn't look nearly as deep as yours. Thanks again.
  7. Great AMD trade. Do you record your trades? Would you have a screen cap of the L2 signals? I am curious what an AMD L2 signal looks like. I find AMDs L2 too busy for me to see clear signals. Thx
  8. Thursday 12/12/2019 I had a well-being score of 5/10 this morning. I knew I was going to get little sleep and be forced to trade SIM only so instead I slept in and didn't trade the open. I did wake up before the open to manage my swing trades. I hope everyone had a green day. My swing trading journal if you are curious: https://forums.bearbulltraders.com/topic/1536-rob-cs-swing-trading-journal/
  9. Swing trade journal 12/12/2019 Took way too many partial profits on both of my positions. But it is a much better problem to have than being stopped out, so I really can’t complain. WDC long at 49.30 First partial –yesterday- at $50.63. Second/third partial –today- at 51.96 and 52.77. Stop moved up to 51.50 SLB Long at 35.74. First partial at 37.25. Second/third partial -yesterday- at 37.81 and 38.32. Fourth/fifith partial –today- at 38.78 and 39.33. Stop moved to 38.30 SLB still moving higher today. I did take the first 4 partial profits at tech levels. The 5th partial I took because of 3 reasons. First, according to stockcharts the price hit an important resistance level which previously caused a reversal in Sept and July. Though my DAS chart says this level is actually above $40, I don’t know why the discrepancy and many traders may be selling off the stockchart level. Second RSI is reached 69. Recent history SLB reverses when it hits 70 RSI. And third, a strong double top was formed on the 5 minute chart today so I took another partial. I only have a small number of shares left. I moved my stop up, but I am hoping for a few days of consolidation. WDC is on a tear today. I took two partials and the price still moved up another 2% after my last partial. But I had enough of partialing today. Plus, the level that it did bounce from today is not too strong (the $54 ad 50MA-1D). I only have a few shares left and I think WDC has more room to run than SLB. So I am going to hold my on to my shares at least to the next strong level above $55. My concern as usual is Stockcharts had the next level below $55. I still don’t understand the price difference between the two charting platforms. It is a big difference. WDC has moved quite a bit the last few days so I am also hoping for a few days of consolidation. I am a little nervous about the 12/15 tariff deadline, so I am worried to add any stock to my watchlist. I will add one. PLAY. Since Dave & Busters is domestic it shouldn't be generally affected by the tariffs. So I will add it to my watch list. This is quite preliminary since I can't determine a trading plan for it. So it really is a "watch". It had earnings two days ago. Improved revenue but negative growth in same store sales and it tanked yesterday. Then it completely rebounded today engulfing the previous days candle. I don't know if it works for the daily chart but engulfing is a play that Andrew preaches on the 5 min chart. The stock had a nice upward trend before earnings. It also has a made a really strong hammer on the weekly. It also found a really strong support at ~38.25. There are 4 strong levels all withing one dollar above, so I may not want to go long until it breaks $42. Again no plan yet, just watching.
  10. Wednesday 12/11/2019 I had a well-being score of 7/10 this morning. Will be a short journal entry since I was spending more time handling swing trades. I took 1 live trade this morning with BABA. My watchlist: BABA, ROKU, and PCG. BABA had low volume in PM. But I thought it would be interesting if the print signal works with low PM volume so BABA was still my primary focus. Also, I knew my swing trades were trending so my attention will switch soon after the open. A few seconds after the open the big print arrived (150k) which is just large enough to give some hint that BABA will move today. The 1min candle went bullish immediately after and I went long (half shares) quickly. I like entering a trade a small distance from the 200MA-1min, it seems to act like a magnet. My target was the 202.46 level and stop was the bottom of my candle. I got the usual bad fill and I was able to take two partial profits before the price retraced and I was S/O at B/E. Then I quickly had to jump over to my Etrade platform and manage my swing trades. Which I journal here: https://forums.bearbulltraders.com/topic/1536-rob-cs-swing-trading-journal/ What did I do good today? Traded using the prints at the open. What I am grateful from today? Able to switch focus quickly to swing trades. What I should improve on: Looking at BABA later for the big move which seems to occur later at the open.
  11. Swing trade journal 12/11/2019 Took partial profit on both of my positions. WDC long at 49.30 First partial -this morning- at $50.63. Stop moved up to B/E SLB Long at 35.74. First partial at 37.25. Second partial -this morning- at 37.81. Stop still at B/E. SLB still moving higher today. The next tech level is reasonably far at 38.79. Also the price today bounced off of VWAP-1D, so I may take another partial if it reaches VWAP again. Which is approaching my 4R so I don’t want to be greedy. WDC broke through the recent “range” at 50.75 and bounced off of 51. There is a strong level at around $51.50 (daily level and 200MA-1D) that I will be waiting to take the next partial.
  12. Swing trade journal 12/10/2019 Long WDC at 49.30 First partial at $50. Stop at 48.65 I also currently have another swing trade with SLB Long at 35.74. Partialed at 37.25. Stop moved to B/E. I would have liked to say that shortly after I posted my journal yesterday saying WDC is on my watch list, I bought shares and already made a 3% profit. But no. Four things needed to happen before I would take the trade. First WDC needs to break $49 so it no longer looks like a descending wedge. Second and third MU and STX both need a green day. And finally we need good news on the tariffs. All four things did occur today. But it occurred minutes after I shutdown my platform this morning. Next time I had a chance to check WDC was almost at $50. I waited for a pull back and the price bounced hard from 49.20. So I went long at 49.30. The price rose a bit but dropped back down to B/E at the close. I am a little worried WDC finished the day weak. Hopefully my stop is wide enough for the sellers to do some profit taking. The way it found strong resistance at $50 today, I may take the first partial there. See below, there are 4 levels below the current price. If the price breaks through them all I would stop out. SLB finished up slightly. I do like the hammer created today and then it finished the day strong. There is a daily level at 37.63 I may take another partial there, but I prefer waiting until the 200MA-1D at $38. My stop is still at B/E. I am really new at swing trading so any comments or feedback would be appreciated.
  13. Nice TVIX play. Your braver than me. I don't have the courage to try trading it.
  14. Tuesday 12/10/2019 I had a well-being score of 7/10 this morning. I wasn’t ready at the open but traded live anyway. I took 1 live trade with BABA and 5 SIM trades this morning including two disaster trades with ROKU. My watchlist: BABA, ROKU, PCG, AAPL, CLVS and MU My main chart went flat again for every stock. I checked the config and matched it with other charts running fine and could not figure out the issue. I finally deleted the chart and created a new one losing all my levels. I quickly was able to get my daily levels back, but did not finish several items on my preflight checklist. Actually, I didn’t get to read my preflight checklist. I use to have a rule that I can’t trade live if I don’t finish my checklist. Not sure why that rule has been dropped over the last few months. I have all my rules on the checklist to be read each morning and it is no longer on it. I finally got my charts and daily levels ready by 30 seconds after the open. The big print had already arrived. While I was setting up I saw BABA dropping. When I finally had my chart ready I saw a beautiful bearish L2 signal with the falling price. In one second I saw the price drop and bids get eaten, so I missed the entry. I was good about not chasing it and sat on my hands though a bit upset since I don’t ever see this good of a L2 signal. Then two large bearish prints arrived as the price broke down through $200 so I shorted with a target of PDC and a stop at the 200.34 daily level. But I would have probably exited the trade if it broke above $200 again. When I took the trade. The two red print, several seconds after the big print, was my bearish signal. I was able to take two partial profits before the price retraced and I was S/O at B/E. Since my charts and PM checklist is not ready I switched to SIM. I know BABA so well I can trade it without all the levels etc. But that is about it. So I took 5 SIM trades and was stopped out 4 of them. What did I do good today? Traded using the prints at the open. What I am grateful from today? I did recover after being late getting the charts ready at the open. What I should improve on: Will add back “must finish the PM xlist to trade live” to my rule list again.
  15. Monday 12/09/2019 I had a well-being score of 8/10 this morning. I took 2 live trades this morning with BABA and FATE. My watchlist: BABA, ROKU, PCG, M, CLVS and FATE BABA gapped down on not so strong volume, but I had a long bias since the price was staying above 200. I waited for the big print and it arrived only 6 seconds from the open 152k. Smaller than in recent opens but big enough that it is likely the stock will move at the open. A second big print, which helps determine direction did not arrive. But a nice hammer was created and I had a long bias so I went long with half shares. My target was PDC and my stop at $200. When I entered the trade: BABA bounced around for a minute without moving much. I took a 25% partial to reduce my risk. Then a L2 signal appeared. Not big, but large enough I went long with the other half of my shares. A bad fill as usual. The stock didn’t move much though it was jumpy. I took 2 partials more for risk reduction then S/O at B/E. I thought I was going to wait to see if BABA bounces and I go long again, but I switched to another trade. When I was finished with the other trade BABA already ran. FATE had a very strong 2nd 1min candle then two hammers and was squeezing into a pendant. At first I thought to wait and catch a bounce off of VWAP but then a L2 signal appeared, not big but enough to go long with half shares with the plan to buy the second set if it bounces from VWAP. My target was 19.50 with my stop below VWAP. Yep the L2 signal disappeared and the price dropped fast. It bounced off of VWAP and I went long with the other half of the shares. The price hung around my stop too long so when it bounced back up and passed my B/E I sold 25% to reduce my risk. The pop occurred soon after with a big L2 signal. The signal was so large I only sold 25% of my shares at the 19.15 daily level. I thought it was going to still move. The price reached 19.40 daily level but the L2 signal was even larger now so I held onto my shares. The price quickly dropped and I was S/O at B/E a few seconds later. What did I do good today? I did not break any rules. I was able to almost fill my watch list with stocks I could short. What I am grateful from today? Traded something new. What I should improve on: Be more patient on the entries.
  16. Swing trade journal 12/9/2019 Current swing trade SLB Entered: Long at 35.74. Stop $35. Price reached first target where I sold 25%. I sold when it bounced off the $37.30 level (from July). Which was about at 2R. I moved my stop to B/E. Originally second target at 38 (200MA-1Day). But I may consider taking another partial at the $37.60 level since it bounced strongly from the $37.30. Chart from today: On my watch list is WDC. It might have recovered from the CEO leaving showing a double bottom. The price today dropped likely due to their biggest competitor STX CEO just sold over $4M worth of stock causing STX to tank and WDC having collateral damage. So a buying opportunity may be near. WDC is only half HD, the other half is flash memory, so it sometimes trends with MU. So MU has been caught in a range and STX has been heading higher until recently. But WDC has been dropping. Also, WDC is also highly sensitive to the trade wars. Thus too many ifs to enter a trade so just watching. Either good news about the trade wars or MU breaking out of its range, or STX heads back up and the WDC chart has to look good. There may be a downward wedge forming. We will see if it can hold above $47.50. A lot of different signals may occur. Any way simply WDC might have reached a bottom after CEO left.
  17. Your right it looks very interesting on the weekly chart. I am not use to looking at the weekly, though I see Brian do it. I will have to learn but I don't have any instincts on what a weekly chart should look like. Another skill I need to learn.
  18. Swing trade journal 12/6/2019 I am starting to learn swing trading in addition to learning day trading. I am definitely hoping for feedback from the more experienced swing traders. I like the HH/HLs and a wedge forming. Essentially, SLB was tracking the general oil sentiment, see USO below: USO also in a nice upward trend. But I like SLB more. I like the wedge that formed (like a coiled spring) and the very large div of 5.4%. Even with the large gain in the last month RSI is not showing it as overbought. Macro economics still seems bullish with the assumption OPEC will extend its production reduction agreement. Since SLB is an oil service company I would think the gains will lag slightly over pure oil companies. SLB has received recent analysis upgrades and >$40 targets. So I went long on Thursday at $35.74. I didn’t wait for the break of the wedge. I thought the strong bounce and holding the bounce was good enough. Then Friday SLB had a strong day. I was up more than 1R, but now that it broke through the wedge (by Stockchart) I was going to risk it and hold for a little longer before taking my first partial profit. I am hoping it may run a little now that it broke through the resistance. SLB Long at 35.74. First target 37.21, second target 38 (200MA-1Day). Stop $35. So here is the big question for the experienced swing traders. Why does Stockchart and DAS daily charts not match up? Stockchart shows SLB has broken the wedge. DAS says SLB has not broken through the wedge. Why the difference in charting? I like Stockchart for an overall view but for choosing levels I will stick with DAS. See DAS daily chart below and the difference to Stockchart. My first target is based on the top of the wedge on the DAS daily chart. Any feedback is much appreciated. I am totally new swing trading so any comment is helpful. Thank you. Have a good weekend.
  19. Friday 12/06/2019 I had a well-being score of 8/10 this morning. I took 2 live trades this morning with BABA. Very undisciplined trading today. My watchlist: BABA, ROKU, SAGE, BIG, DOCU and EVRI. So I had a swing trade sitting at a very critical point at the open. I am trying to learn swing trading now. The platform I am using for swing trading is giving me issues when trying to sell in PM. I even called their tech support yesterday about it and they didn’t have an answer for me. So I couldn’t take profit in the PM and I was stuck waiting until the open. So I was very distracted at the open. I tried to manage my swing trade and start and manage my day trade and as expected I mismanaged both for losses. Since the swing trade was already active I should have closed my day trading platform down and first managed the swing trade. Hopefully next time I will. BABA gapped up in PM with very strong volume. I waited for the big print signal and it didn’t arrive by 1min after the open. I did have a long bias and there was a somewhat bullish first candle but there was no other signal. If you have no big signal, then I like to have at least 3 small ones before entering a trade. I didn’t and went long on low volume anyway. My stop was touched 7 times during this trade and I still held on. The big bid finally arrived at 9:32:41 and was quite large at 400k. Five seconds later were the next big prints which give insight on direction and there were very bearish. I immediately stopped out of the trade. Even though I S/O under 1 sec after (I checked my video for this) my exit was 40 cents beyond my stop! I also flipped my position to short, which was filled in under 1 sec and amazingly the fill was 35 cents below my stop. The price fell 80 cents in seconds. I was now 2R from my stop and 1R to my target. I needed to get out of the trade fast. This is something difficult for me to do. This time I got out at -1R even though it was not at a level. Obviously if I did not take the first trade and waited for the signal I could have gone short where I was stopped out and possibly had a good run today or at least got some partial profit. Instead I got a -2R day. The big print The direction signal What did I do good today? I can say I did not break any rules. Only because my rules are not subjective. I don’t have rules like only take good setups. My rules are like trade half shares <1min from open, etc. No gray area. What I am grateful from today? I am glad I did get out of the second trade at -1R. That is usually difficult for me and I hold onto the original stop. What I should improve on: Don’t try to manage swing and day trades at the same time. Pick one and manage it. Hopefully everyone had a safe trading day. Have a good weekend!
  20. Thursday 12/05/2019 I had a well-being score of 8/10 this morning. I took 2 live trades this morning with BABA and SAGE. My watchlist: BABA, ROKU, SAGE, WORK and ETSY. BABA gapped up in PM and almost made the gappers scanner. I had a long bias this morning. BABA opened with a bullish L2 signal (large ask at $197 and the current bid is 20X larger than the current ask) and a hammer. I went long only 11 seconds after the open (half shares). I got the usual bad fill. My stop was the bottom wick of the 1min candle with 197.94 daily level as the target. When I took the trade: I was almost stopped out but held on. Then the big print arrived 59 seconds after the open and was big enough 312k to hint that a move will be happening soon. 1min 17 sec after the open I saw another hammer forming and the L2 signal was larger now so I added shares to be at full size. When I added: The instant after I added there were large prints hitting the ask and the price popped. It popped so fast I couldn’t set a limit order. Very quickly I took two partials and the price reversed and I just got my stop at B/E order in right before the price hit my B/E. I was debating to take another live trade because I felt a little drained from the BABA trade. But I did. SAGE open huge and now was consolidating. The price just took a strong bounce up from 59.50 and I went long thinking it found support. My target was the high of the day with my stop all the way down to the 200MA-1min. But something happen to my scale when I took my trade. The Y-scale exploded to 50 points and everything flattened. I couldn’t watch the trade anymore. I did have SAGE on another chart on another monitor but it was a naked chart without any tech levels and not even the 200MA I was using as my stop. To make things worse the price reversed the instant I entered the trade. So the price was dropping and I can’t see my stop. So I got out. After I fixed the range on the chart SAGE still looked like a good setup. I checked my P/L and the SAGE stop out was a -0.6R loss thus it prevents me from taking a third live trade (I can only take a third trade if no loss is larger than 0.5R). Thus I missed the big run. My flatten chart: My naked chart: I tried 3 SIM trades and everyone I was stopped out in a few seconds. Not helping my confidence. What did I do good today? I did not break any rules. I did bail out of SAGE due to technical difficulties. What I am grateful from today? I am fine with being flat for the day. What I should improve on: I need to reproduce the chart issue I had so I can figure how to prevent and fix quickly if needed.
  21. Wednesday 12/04/2019 I had a well-being score of 8/10 this morning. I took 2 live trades this morning with BABA and ARWR. My watchlist: BABA, ROKU, NVDA, ARWR and WDAY. BABA had strong PM volume and gapped up but was heading down into the open so I had no bias. The big print arrived quickly at 9 seconds from the open and reasonably sized 249K. A few seconds later a strong L2 signal (long) appeared. But that was the only signal. I had no bias, no signal in prints, there was a smaller bearish L2 signal at the same time and the 1min candle was red. So I let that signal go. It ended up being true and I would have made it to my first partial profit. But I would do the same thing again. A few seconds later a bullish hammer formed and we had a bullish large print. The price also broke the 195.59 daily level and above the last two 1min candles. So I went long with half shares. My target was the PM level of 196.23 and my stop the 195.59 daily level. The 1min chart when I got filled: The price didn’t move much for a minute then dropped and bounce hard off my stop. So I added more to full share size. The 1min chart when I added: Shortly after adding the price dropped and I was stopped out. I liked AWRW but the spread was so large. Then a really bearish 2min reverse hammer was created and there was a really strong level around 61.70. If it could break it, it may run. When a saw a mild bearish signal in L2 I shorted knowing the fill would be bad. My target was the 60.45 level with a stop 63. The 1min chart when I took the trade (note L2): The price came close to my stop out, but finally dropped. I had a limit order a couple a pennies above the 61.68 PM level. The price reached it but it did not fill, so I then quickly took a manual partial cover. I set an auto stop at B/E and instant later I was stopped out at B/E. I later took 3 SIM trades. Two were quickly stopped out and one I was able to get a partial profit before S/O. Essentially, it was a tough trading day for me. What did I do good today? I did not break any rules. I kept losses small. What I am grateful from today? Trading a stock live I have never traded before. What I should improve on: I forgot to check SPY before I added more shares to BABA. It would have prevented me from adding since they were diverging.
  22. Tuesday 12/03/2019 I had a well-being score of 8/10 this morning. I took 1 live trade this morning with BABA. My watchlist: BABA, ROKU, NVDA, MU and UBER. BABA gapped down like the rest of the market with strong volume .It gapped a little too far down so I didn’t have a bias. The opening had some good volume even without the big print so unsure what significance the big print would have. It took awhile, but 52 seconds after the opening a 396k print hit. I couldn’t wait a few seconds for the next large prints because BABA was already setting up for a short. It made a nice reverse hammer on good volume (even without the big print). The spread was actually good for BABA (3 cents) and there was a L2 signal. Though not a really big bid there were moderately sized bids, two bids 10 cents below the price and two bids 20 cents below the price. I liked that there multiple sizeable bids. I hate entering a trade on one large bid which disappears just after you enter the trade. Since it was <1min my rule says I can’t take full share size so I went half size. My target was the 189.68 daily level with a stop at the top of the hammer. Because of the tight spread I actually got an OK fill. The 1min chart and L2 when I took the trade: Because of my half shares I set my limit order at 2R (thus equal monetarily at 1R with full shares). It was filled quickly. I was going to take another partial at my 189.68 target but the price didn’t quite get there. Price retraced and I was out at B/E. I really liked how ROKU was setting up, but I am not ready to take a live trade with ROKU so I switched to SIM. The price broke through the 139.21 daily level and I went long with half shares. I learned you have to add shares to ROKU. The price dropped and bounced and I saw a L2 signal and added the rest of my shares. I took a quick partial since it may bounce for the 200MA-5min, which it did. Then I was out at B/E. Then I took a second trade from an ABCD formation when it looked like it will hold the 140.86 level. The price popped and I got 3 partials, then exit on a new 1min low. What did I do good today? I did not break any rules. I watched BABA spread closely. What I am grateful from today? I am grateful that BABA gave a multiple bids for an L2 signal. What I should improve on: I need to start taking ROKU live with small share size.
  23. Monday 12/02/2019 I had a well-being score of 8/10 this morning. A new month. I will be solid this month with no rule breaking. I took 1 live trade this morning with BABA. My watchlist: BABA, ROKU, CVLS, MU and APA. BABA I was short bias’d this morning. But BABA had some major levels both above and below it, so I was worried it may bounce around. I didn’t have to wait long for the opening big print. 17 seconds after the open a 355k print hit T/S which hints that there may be a reasonable move at the open. I waited for the next prints. My rule is at least a 3 second separation after the big print to use any other prints as a signal. Five seconds later a 5k sell at the bids 16 cents under the big print. For BABA I need to see at least 15 cents separation from the second print compared to the first large print. So it was good enough to be a short signal but not enough to enter the trade. At the same time a small bearish L2 signal appeared. But not strong enough of a signal to enter the trade. Then the price broke both the 198.41 daily level and the 198.30 tech level. So I went short with half shares since it was <1min from open. The 1min chart when I took the trade: The price bounced around a little, but I was still short bias’d so I took the other half of the shares as a 1min ORBD. My target was $197 and stop of $198.50. I did set a limit order to cover some at 1R, but I turned it off since it looked like it will easily reach it. I didn’t partial very well. Too often and though I tried to look at the spread I was not very discipline to take partials based on the ask and of course got poor fills. I finally held onto some shares if it reached my second target (195.59 daily level), which it did. Then I exited the trade with a bullish L2 signal. What did I do good today? I did not break any rules. What I am grateful from today? I am grateful that BABA gave multiple signals to enter the trade. What I should improve on: It seems I always need a limit order to mentally aim for and help prevent taking partial profit too often.
  24. Congrats on the +21R month. I have heard that >+20R is the magic number for becoming a CPT. The rest is position sizing depending on the consistency.
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