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IamKarthi last won the day on September 20

IamKarthi had the most liked content!

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About IamKarthi

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  • Birthday May 14

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  1. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    Hi Rob, Thank you, Glad to be back again. Hope my time-off do wonders for me now.
  2. Because price goes up and down all the time, every pattern may appear to be an ABCD. In my view, a typical ABCD pattern needs more consolidation between B and C and works when there is medium/low momentum. This pattern is specifically for the open when there is big momentum and not a lot of consolidation except a small pullback.
  3. Yes. I have good success rate with this setup, although no setup is guranteed to succeed all the time. And when it aligns with Harmonious charts (with ATL/ATH), we can expect big RRs. Lot of people in our chatroom and outside take similar setups (3C setup, 3Bar play etc.,) they are slightly different, but the core concept is same.
  4. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    18Sep19 Green day. +1r. Kept it light today, as I am back after 3 weeks. Just one trade on $FDX. Watchlist: $FDX, $ROKU, $CHWY, $GIS. Trade1: $FDX. Gapped down due to earnings. Stock was selling off till the open. It offered the Rising Devil setup at the open. I took an entry after confirmation and got out at 2r.
  5. IamKarthi

    Mark D. Day Trading Journal - Live 2019

    Nice Trades. I like your $LCI trade, because the setup was perfect, hammer on 2min, it also created a bullish engulfing candle on 1min. Your entry was perfect too at the end of the wick and you stopped out as per plan. Like everything about this trade. On the $AMD trade, I would have easily missed that spinning top, but you were spot on. The spinning top (or an inverted hammer, but it doesn't matter) is actually a sign for reversal, so other traders might have traded it for long with the stop at LOTD. Also, the lower wick on the 2min candles indicates buying pressure. But it's easy on hindsight and I would have taken it for short too at that moment and played it as VWAP pullback Short. Just my 2 cents, for what it''s worth. Stay Green!
  6. You are making some nice trades on $AAPL, Nice flipping to your position. Stoping out is no fun, but $AAPL was so wicky yesterday very difficult to put your stoploss.
  7. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    I will not be trading for the next 3-4 weeks, due to an unexpected travel, may join the chatroom once in a while, when I find time. Stay Green everyone!!
  8. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    I think there are 2 kind of setups. One is high Reward setup (with high/medium accuracy) and another one is high accuracy setup (Reward may not be huge). I think Thor trades the 2nd setup. It is very good, when we can find one or two accurate setups and trade them well with proper trade management (Entry, Stop, Partial etc.,). Thor manages the trades very well. If the setup is not accurate or the trade is not well managed often, then overall it's not good for long term returns. The setup also has to occur frequently everyday. Lol, Tweets are running the markets nowadays, overriding the fundamentals and technicals.
  9. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    @Greg D , @Rob C @Glenn BuddeThank you guys for the feedback. Appreciate it. I am doing fine, it wasn't such a bad day, I overtraded and got really mad at myself. Thanks for reminding me that it is still part of the experience. I always believed that for someone to be consistent in trading, it takes time and experience, which was exactly why I kept my risk very small while starting up. So I am paying less to gain more experience and make any corrections without blowing up my account. @NinjaTrader I was actually more confident about my plan after Marek confirmed soon after I created it.
  10. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    Hi Greg. Thanks. If there is one thing I am good at, it is Stopping out .. I liked $CRON, because if you look at the open, it already went below the PCL and Ylow, and then pulled back. Kind of like slingshot. So I thought it would be Bullish today. It did, but the volume was so low and it moved slowly until noon. Then it picked up late noon. Thank you I corrected the date now.
  11. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    26Aug19 Red day. -2r. In summary, it's a continuation of Friday, and more choppier. Today I traded with lot of disturbances so stopped trading after a while. Watchlist: $CRON, $AMD, $TGT, $FL, $CGC. Was long biased on both $CGC and $CRON due to daily. Trade1: $CGC. At the open pricie couldn't break down, 5min created a hammer, so took it long. Volume was too low so price was very volatile and irregular. Got out and price dumped. Trade 2: $CGC. Around 10AM price found a bottom, and created an indecision candle on 5min also. Took it long, all reversal signs, but got stopped out. Trade 3: $RKDA. Took a Fallen angel setup after the price broke thru the resistence and opened above support. Trade 4: $CRON. Took long after the price bounced off 200MA on 5min and opened above. Price dumped and stopped me out. Good: Trade setups were good. Also with lot of disturbances during Trading I stopped. Improvement: Just reemphasizing on taking only few setups.
  12. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    23Aug19 Red day. -5r. In summary, today I found the stocks to be choppy and so my usual patterns didn't work. Today was the day for scalping, I realized it very late. Atleast, that's how I read it. I had many trades, where I had 1 to 1.5R move before turning into a loss, resulting in overtrading. Watchlist: $TGT, $FL, $GPS, $HPQ, $PINS and the usual $AMD and $MU. Trade 1: $TGT. I was short biased on $TGT, esp it moved 20% in the last couple of days. it gapped down at open and selling. Offered a pullback, which was also a shooting star. I took short but got stopped out twice. Formed a double bottom on 1min, good for long that I missed. Trade 2: $FL. my best trade of the day. Short below VWAP on a gapped down stock. Added after the gravestone doji on 1min. My partials were good. After my exit, president tweeted and all the stocks plunged including $FL, I had no shares left. Trade 3: $GPS. there was no setup, trading based on price action. Took it long at the low of the candle to high of the candle, which also aligned with 50MA on 5min. Got all out. I think it broke the triangle (which I don't play) and keep moving beyond my exit. Trade 4: $FL was very extended, also bottoming, so I thought of reversal and took it (in the air - no support levels below). This was my bad trade of the day. I wish atleast I bet my money in taking a trade during SPY crash. I tend to avoid it, as that price action is very volatile, but this trade was worse. It was Noon. I should have stopped here, with approx +1r. But I continued to watch the market and keep taking more trades, which I am not proud of now. Trade 5: $GPS. Took reversal after price bottoming near 200MA on 15min. only 6c stop. I got my 2R, but waited for larger move and got stopped out. Trade 6: $AMD. Took reversal on MA cross. scaling into position, got stopped out below MA, but it reversed. On 2nd trade one partial, but price action was not clean and chopped me up again. I shouldn't have planned my trade in the usual way, I should have got AON out on my 2nd trade. My pschychology is messed up now, I took 3 more trades on $AMD, just by price action, 2 losers (includes 1R move which I didn't take to get stoped out) and 1 winner. Took some trades on $GPS and $MU small losers, but they got accumulated to -5r loss. Good: Nothing much, except I was able to handle the mental and physical workload of taking so many trades. I am happy with most of the trades and how i cut down loss per trade. Improvement: I need to stop at max loss or daily target. I need to keep max trades/day too. I think I am slowly getting addicted to trading. I need to remember at the end of the day, I am doing this to make money and not for winning the market.
  13. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    22.Aug.19 Green day. +4r. Decent Trading day. Watchlist: $TGT, $LB, $DKS, $JWN, $LOW. Trade1: $LB. Had gapped down on daily, also selling at the open. At the open, i took it short below VWAP, got stopped out. After the price bounced off 20MA took another short. Partialed at 2R, 3R. overall at daily target after this trade. My best trade of the day. Trade2: $DKS. $DKS had over 30% short float and also gapped up on the daily. Usually this tends to make the short sellers cover their position which results in lot of buying. But $DKS was still weak at the open, I hada bias that it would reverse. i took 2 long positions and covered after 2R. Price was choppy after that. I was at +5r for the daily. Should have stopped trading. Trade3: $JWN. Gapped up on the daily, very strong at the open. Noticed 3 shooting stars on 1min, aligning with a doji on 5min. Took it short and got 2R. On hindsight, I could have taken it long, where I exited (5min hammer at 9MA) as it was a beautiful trend trade all the way to 31.1(from 30.4). I was up 6R now and still trading. Trade 5: $TGT. Took it long on the Trend trade, was not optimistic about the move as $TGT was already extended. Got 2R/4R. but price moved another 50c (6Rs) beyond my exit. Trade 6: $LOW. I was short biased from yesterday. Once the price broke VWAP I took it short to the LOD. There were no tech support levels to the target. Unfortunately, didn't workout, as it was VWAP false breakout. Trade 7: $GPS. My worse trade of the day. There was no real setup. I just wanted to ride the price long towards 17.77 level. Got chopped up and had 1.5r loss. Should not have traded this. Good: Good trades and finished the day well overall. Improvement: I can't resist trading now. The moment I see a good setup I jump in. I need to find a way to cut down # of trades.
  14. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    21.Aug.19. (Didn't trade on 19, 20th Aug due to vacation.) Green day. +2.5r. Back from vacation today. Thought I'd just watch the action, but ended up taking some trades. Watchlist: $PDD, $TGT, $LOW and $CREE (copied from Andrew and Brian) Trade1: $CREE. Took reversal on $CREE after the price bottomed at Noon. Half share size, so added to the position post reversal confirmation. I change my Stop after the add and I got stopped out . Original stop would have kept me in the trade till VWAP. But that is my rule and I am just following my rules for now. Trades 2&3: $CREE. Another 2 longs but didn't like the price action yet. Was watching for setup. Trade 4: $CREE, Main trade, Observed that the stock was trending up. So took Long when 2min/5min hammer appeared. Stop was below 50MA on 2min (40c). Got 1R partial (40c). Now my stop moved to 20c (hammer candle). Got my next partial at VWAP (80c move). Average 2.5r. Trade 5: $UBER. Took Long after the 200MA bounce off 15min. Target was VWAP (4R for a 5c Risk). price moved 3R and dumped, got out at 1R move. Good: Good day after coming back from vacation. Was in control in all the trades. Improvement: Was planning to only watch today, made some good calls in $MU and $ROKU after the open. Couldn't resiste myself, so made some trades and they turned out ok.
  15. IamKarthi

    Vikramaditya Trading Journal - Live 08Apr2019

    16.Aug.19 Red day. -1r. Not a great day today. But loss limited to 1r, despite bit of overtrading. I will not be trading next week as I am on vacation. Keeping my journal short today, due to travelling. Watchlist: $NVDA, $AMD, $AMAT, $GE $NVDA: Trade 1: Traded in the premarket, biased for Long. Took profit and got greedy, increase sharesize and got stopped out. Trade 2: When the price bounced off 200MA 1min, took a position for long, got stopped out (as I was waiting for $NVDA to reverse due to my bias) Trade 3: Took Long after price bounced off multiple times at 50MA 15min, Good partials too. Added in between, hence stopped out at BE. Price reached my final target of VWAP. $GE: Traded $GE as a follow up to yesterday. Didn't trade cleanly today. $AMD : Traded $AMD when $SPY surged on a news. Scalped the move. Good: Nothing much except kept the loss tight. Improvement: Today was the first time I breached my rule in Premarket (share size). Breaching a rule in premarket disturbs the whole day. STAY GREEN!!!

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