Q4 2019 Vancouver Meet-up?!?! :)

[Q4 2019 Vancouver Meet-up?!?! :)]

I will do my best to attend as well. 

[Live Journal Exercise – Learning to Trade an Edge like a Casino]

20 minutes ago, Mike B said:

June 26, 2019 - $AMD x 3(Goal, Stopped x 3)

What a tough pile to swallow today for me. I went out and had a great 5 minute ORBO on $AMD. Got a couple of partials right in line with my plan; Resistance level, and high of day. Then I took 3 more trades on $AMD, all of the entries were way outside of how I trade. Only reason I didn’t go red today, was because my risk controls saved me on the fourth trade and only allowed me to take 2 shares, otherwise, I would have gone red for the day.

Why this happen, “GREED” I broke my cardinal rule of “Once I Iook at my P/L, I am done trading for the day.” For some reason after the first $AMD trade, I looked at my P/L and because it wasn’t quite where I wanted it to be, I decided to keep trading. I took an entry on the break of VWAP with some high asks and thought it is going back to 30.37. For 3 straight minutes, I repeated the same bad behavior. Here it goes, enter. Nope, lost VWAP, Exit. Repeat until max shares in a day is triggered and I can’t trade anymore and bam $AMD hits 30.37.

The gut wrenching feeling at first was that I lost everything I earned, but while journaling it got worse, because I knew I should never of been in any of the last three trades because my entry did not appear. I have no one to blame but myself and allowing “GREED” to take control of my emotions.

Tomorrow will be a better day.

Sample Set Results,

P P P S P S P P P P S G P S P P P G 19 20

The one thing I have learned about trading is you are never alone with this stuff. Yesterday I was following my plan, tried to get a fill short on ABBV I think it was, and didn't get filled cause of the SSR and missed an awesome move. It completely derailed my process and trading edge and I started chasing MU, AMD, etc. I thought I was becoming immune to that kind of reaction (the CHIMP!) but it happened practically subconsciously. Finally 4R later I realized the damage I was doing and shut it down. Re-grouped and had a great day today... Thanks for sharing...

[Vancouver Meetup - July 6]

I will fly in for that! 

[CME Group Problem]

I had this happen last week. I talked to DAS support thinking that was the problem and they essentially stated it was me. I then asked Andrew for his hot-keys just to compare against mine and explained what was happening. Andrew then checked with CMEG and it turns out the problem was on their end.

I should check in here for answers to this stuff more often.

I was trying to stop out a long position on a stock under SSR when this happened, and I had got myself into a bind with 1K shares on something I shouldn't have been doing... It's a horrible feeling. Every time I tried to sell the position, whether it was market order or whatever, it was simply rejected. I restarted DAS, no good. I eventually sold my position by logging in with my iPad and selling the position there (for a gain actually, it moved my way after hitting the stop! yay!).

I still can't short SSR (Tried yesterday) however I have been able to trade stocks under SSR long, but I try to avoid them at least until I know this issue is fixed for good. Andrew has advised me that they are going to fix this but I always have my iPad on the Mobile DAS page ready to log in and get out of the position if needed, and have added CMEG to speed dial!