jabaco
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Posts posted by jabaco
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Day 15 recap on the simulator: +199. Green is Good
New balance on the Simulator: -$217
Conclusions:
- I traded really good today. I was patient and I did not overtrade. I waited for the setups to reveal themselves
- I took small share sizes from 100 up to 400. I have to trade as similar as I would trade live (small share sizes)
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Day 14 recap on the simulator: -1013. Biggest red day
New balance on the Simulator: -$416
Conclusions:
- I was overconfident today about trading multiple stocks simoultaneusly. It did not work out. Overtraded with 53 tickets
- Couple of hotkey mistakes and stopping out too late in some trades....
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Day 13 recap on the simulator: +403. Green is Good
New balance on the Simulator: +$597
Conclusions:
- Finally I made a good 5min ORB up
- Overall I traded well today. I traded 2 stocks simoultaneusly but with hard stops order placed before moving to the other one
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Day 12 recap on the simulator: +158. Green is Good
New balance on the Simulator: +$194
Conclusions:
- I again did very bad in ORB but very good in the reversal.
- Still have to work on my journal and voices recording my trades at the very exact moment I make them
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Day 11 recap on the simulator: -33. Red is learning
New balance on the Simulator: -$52
Conclusions:
- Totally overtraded today! I took 51 tickets. I was just entering the trades based on price action going up or down in a really choppy morning
- I will force myself to voice record my trades so I understand better what I´m doing and I force myself to have a set up before entering the trade
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I´m every time getting more proficient in reading the level 2. Looking for big bids or asks and waiting for level breaks once the sell or buy wall are knocked out!
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Day 10 recap on the simulator: -224. Red is learning
New balance on the Simulator: -$19 (Im going to start with the tradervue reports balance)
Conclusions:
- I should give more space to my stop loss and letting them going a bit above or below before triggering them
- Traded good today, my setups just did not work but follow the plan
- I should not trade stocks with high spreads like 50 cents! I should always take that into account before placing the order
- I will start using tradervue as my visual performance journal but I´m still looking into other alternatives
- I will try to have at least one hour of preparation before the market opens
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Day 9 recap on the simulator: +200. Green is Good
New balance on the Simulator: +$36
Conclusions:
- Overall I traded very well today. I made less than 30 tickets.
- Before doing reversals I have to make sure there is an important historical level (markets high and lows, daily charts, etc)
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19 hours ago, nassarsyed said:Than once you have confidence in your setup and exits, scale up to proper sizes.
Thanks for the advice Nassarsyed :)
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Day 8 recap on the simulator: -201. Red is learning
New balance on the Simulator: -$164
Conclusions:
- I was jumping in and out of trades... Overtrading for the most part. Went above 50 tickets
- I did not respect ORB and did not wait for price to surpass opening or the wick of the previous candle
- I have to plan better set ups with clear stop loss placed on an important level and be more patient with my trades
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Day 7 recap on the simulator: +528. Green is GOOD
New balance on the Simulator: +$37
Conclusions:
- I did a great trade os SKX today. Identify good level of support, opportunity to buy cheap on good news and nailing the pull backs!
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Day 6 recap on the simulator: -274. Red is learning
New balance on the Simulator: -$491
Conclusions:
- I overtraded today, made lot of mistakes like trading low float and medium float stock at the same time and shortkey mistake
- Proud of my reversals to the long side so far
- Adjusting my share size to 400 to 800 max per trade.
- I need to start journaling on excel so I can have a better look of my performance
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This is my 5 day recap on the simulator: -411. Red is learning
New balance on the Simulator: -$217
Conclusions:
- I will never take one minute ORB. I will wait for 5 minute ORB
- I cannot force a trade to work in my favor. If I have tried 3 times to go short with no success I should not try more.
- Building up my confidence in reversals
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This is my 4 day recap on the simulator: -217. Red is learning
New balance on the Simulator: +$194
Conclusions:
- Today I was not ready mentally to trade. I have some appointments early in the morning so my head was not thinking and focusing on my trades
- When I see strong levels of support and resistance confirmed by price action, historical levels and level 2 I should exit my trades or going the opposite direction
- I would like to start journaling in excel or word my trades with more details like strategy used, type of stock, number of shares, etc.. so I can learn more about my trades and what I´m better at.
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This is my third day recap on the simulator: +211. Green is GOOD
New balance on the Simulator: +$411
Conclusions:
- Today I felt my trades were more complete and accurate since I was paying attention to the Level 2 at all times (but I have to be aware that level 2 can give false signals sometimes so I have to use it with other indicators like price action and volume)
- I should not take trades just because someone mentions them in the chat room. I have to analyze the chart and look for patterns, entry and exit points...
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This is my second day recap on the simulator: -305. Green is GOOD but RED is LEARNING
New balance on the Simulator: +$200
Conclusions:
- Stay away from one minute opening range break outs even more so on low float stocks (If I do it again only with medium to high float stocks and small sizes to start with)
- I´m becoming proficient at spotting reversals taking into account support or resistance levels, volume increase and price action and candle stick patterns.
- When trading choppy opening range break outs, I must see where the price is getting more rejected and where the next possible direction is going (*see GLMD)
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Hi Guys! This is JB and I really want to thank Andrew for being such an excellent and inspiring teacher for me and for creating this amazing community full of dedicated and serious traders!
I want to start this topic to share with the community all my journey in the simulator. I appreciate any feedback from you guys. So this is officially day one and here is my video recap:
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JB Video Journal (Simulator)
in Day Trading Journals
Posted
Day 16 recap on the simulator: -279. Biggest red day
New balance on the Simulator: -$695
Conclusions: