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IamKarthi

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Posts posted by IamKarthi

  1. Posted · Edited by IamKarthi

    3 hours ago, Rob C said:

     

    I took three SIM trades today. But I did not set up my platform correctly this morning and I was pulled away from my screen for the last 15 minutes of premarket. I made it back with 30 seconds until the open. I was frazzled and my nerves were bad even before I missed the last part of the premarket. I was not able to run through my checklist and I didn’t know I was in SIM until I finished trading and looked at my P/L. Since I really thought I was live and had all the stresses of live, I am adding the two trades to my data set and journaling them here. I did take a “real” SIM trade on a 15min ORB, which of course I was stopped out.

     

    If it is any consolation, you are not alone. I entered my first trade of the day in $AAPL thinking I was Live, but was actually in SIM 😞

    • Like 1

  3. Posted · Edited by IamKarthi

    16.Jul.19

    Green Day (1R)

    4 Trades today. 1 Win, 1 Loss, 2 Break even

    Watchlist: I had $SQ(Hanging man on Daily), $JPM and $WFC on the watchlist. But I was trying to catch the Pullback ORB breakout entry setup in one of the 10 stocks I had up on the monitor. I did take it in $FB. Modified my layout recently and ended up making a hotkey mistake due to that. Also, Lot of people in the chatroom had issues with DAS and connectivity. I stopped Trading after that. 

    Trade 1: $AAPL. 10 mins after the open $AAPL bounced off all MAs and opened above MAs. I love this setup (similar to Fallen Angel setup). Took it long realized that It was in SIM, din't want to chase it in Real. BUT, when i put in a range order to profit out the SIM trade, I put my Live account by mistake. Didn't even notice it until the order was kicked, now I had a Real position shorting $AAPL. Got out immediately without much damage. Could have been a disaster, if I had moved out of my machine. 

    2019-07-16_$AAPL_Hotkey_Mistake.png

     

    Trade 2: $FB was forming ORB and offered a pullback (10min chart). I waited for the price to break the high of 1st and 2nd candle and Entered Long. 1 Partial at strong resistence above. I took only half the size as it was $FB. So My profit was 1R against the risk of 0.5R. 

    • Entry - $204.95
    • Stop - 25c
    • Exit - $205.4 

    2019-07-16_10min_Pullback_ORB_-_Breakout_Entry.png

     

    Trade 3: $MU. Tried this new setup in Live today. Double Bottom with hammer on 2 min. I took small share size as stop was wide. Got 1R. Price later moved to 2RR (MFE price).

    2019-07-16_Double_Bottom_with_Hammer_$MU.png

     

    Trade 4: $ROKU. Trend Trade, after hammer on the 5min (I find similarity to the DB hammer setup), went Long. partialed at HOD. and Got stopped out. I should have given wide stop for $ROKU. I didn't. 

    • Entry - $110.38
    • Stop - 15c
    • Target - $111 (4R)
    • Exit - $110.8 and then stopped out.

    2019-07-16_$ROKU_Trend_trade_Poor_Stop.png

     

    Good: Tried new setups with small share sizes. Was particular about taking share sizes within my Risk for the Trade. Stoped trading Live, after some people had issues with DAS (unable to close/cancel positions).

    Improvement: My stops are too tight. I should have given 30-40c to $ROKU (considering I took only half share size and would have fit within my Risk of R). I am so confident of the setup working out, I am keeping tight stops.  Mistake. These kind of stokcs need large Stops, unlike $MU or $AMD.

    • Like 2

  4. Posted · Edited by IamKarthi

    15.Jul.19 - Live Trade (I have fully funded my account and lifted the PDT rule). 

    Rules: 

    • Risk per trade - R 
    • Maxloss - 3R
    • Profit Target - 6R
    • I stop for the day once I have 3 Losing Trades.

    Max Loss day - 4 Trades today. 2 Losing and 2 Break-even.

    Watchlist:  I had $MU, $TEVA, $NVDA, $TWTR and $CAPR on the watchlist. Added $X later. Was watching $MU and $NVDA at the open. 

    • $MU, I noted Double Top, so was Short biased. Wanted to take short below $44.89 
    • $NVDA - noted Shooting star on daily, was Short biased. 
    • $TEVA - daily below all the tech levels, was Short biased. Harmonious
    • $X, $TWTR - Harmonious
    • $CAPR - Gapped up premarket, candidate for Fallen angel setup.

    Trade1: $X. It was William's Harmonious chart, above all MAs. Took it long after the price popped above VWAP and open above. Price turned and I got stopped out. Also noted the shooting star forming on 2 min after my entry. Price was choppy thru out the day.

    2019-07-15_$X__ORB_Fail.png

     

    Trade 2: $AMD.  2 Trades. Was bullish at the premarket. Bounced off 200MA-1min. Could have taken this entry. waited for the price to offer pullback near VWAP. Took it long, but got stopped out. Only 7c stop, below VWAP and 9MA. Got in again, after price bounced off 50MA on 1min. Took some partials, and then got stopped out again to the penny. Price moved close to 20R, after I got stopped out.

    2019-07-15_$AMD__HARM_2_Trades.png

     

    Trade 3: $TWTR. $TWTR was bullish along with $MSFT at the open. Again waited for the price to pullback to VWAP, Took an entry after it opened above VWAP. Gave it good stop, put in a Range order, got stopped out again.

    2019-07-15_ORB_VWAP_pullback_Failed_$TWTR.png

     

    Good: Premarket analysis was good and worked out mostly. I didn't chase the entry for Fallen angel setup on $CAPR. Chasing was my mistake last week. 

    Improvement:

    • I was rushing thru my trades today, I took all 4 trades within 30-40 mins, as I had to take care of some work later. I need to be patient.
    • Today was a day of FOMO for me. I was fliping thru stocks so quickly that I keep missing all the good moves. $MU had a shooting star on 5min, I missed it. $TEVA was dumping at the open. $CAPR had a very good Fallen angel setup. Missed it too. All these I had planned during premarket, but missed it at the open.
    • Need to evaluate if I am keeping my Stop too close, I got stopped out to the Penny atleast 2 times. Usually VWAP is my level. But now, the price seems to come down to 9/20MA before bouncing off. Need to re-evaluate. Because of getting stopped out, I missed the Big move on $AMD, could have been one and done today. 
    • I should have traded my main watchlist $MU, $TEVA & $NVDA. I moved away from it. 
    • Like 3

  5. Posted

    On 7/12/2019 at 5:37 AM, Mike B said:

    July 11, 2019

    I am emotionally drain after today. The last time I felt this helpless an unable to control something was in a very different kind of environment. I am so glad I was able to breath and start problem solving my way through it. Well I hope you enjoy the read.

    1. I tried to take a long on $AMD around 9:41 mark. My plan was a little different today with $AMD as I figured it would sell off at the open pullback to VWAP and if it broke above would test it again and then try to test the 52 week high if it could break through 34.
    2. I got a send reject order similar to yesterday. No big deal figured my hotkeys didn’t save, so I went into the setup saw I was correct and changed my entry hotkeys like I did yesterday.
    3. At 9:45 candle I entered just below the 34. Extended from where I wanted to enter but I was willing to risk the money just to make sure my hotkeys worked in my live account.
    4. When it could not break the 34 level and drop below the 50 SMA I hit my hotkey to sell all and that is when all heck broke loose.
    5. My cover button that worked in sim yesterday did not work in the live account.
    6. I hit my panic button, rejected
    7. I opened my trade section in the montage and hit the sell button, rejected
    8. At this point the stock is dropping, I have no idea how to get out of the position and I felt absolutely helpless. Stock was past my stop loss, I could not get out and the only feeling of comfort was that I had the risk  controls that would limit my loss on the day, which would have been triggered if I didn’t figure it out.
    9. At this point, I just took a breath and went into problem solving mode. I knew I had a problem and the only thing I could do is take it one step at a time. I identified that the issue yesterday was the “DAY+” had to be changed to “DAY”. I than realized that on the montage it had “DAY+” instead of “DAY”, so I changed the montage and hit the sell button. Finally, order filled below stop loss but still manageable.
    10. Problem was that I did not change the order template to “DAY” so all of my hotkeys that process through the montage were being rejected.

     

    Well at least I learned that lesson today. A tough lesson but still valuable.

    3Pcr8YX.png

    Was the Panic key Shift+Esc? It's scary if the Panic key didn't work, that's what I rely on in case if something goes awefully wrong. I thought PANIC key closes all the positions irrespective of the Montage or DAS settings. Looks like that's not the case. It's great that you were calm enough to figure out the issue and sort it out.

    Also, I have Day+ on my Montage all the time and it works. 

    • Like 1

  6. Posted

    I think this is what would have happened! My guess.

    1. Yes, You default the Montage to 100 shares, but when you short it twice, the No. of shares automatically changes to the current No. of shares (200 - if you clicked twice and 300-if you clicked thrice) . Although the order is rejected the #of shares remain in the Montage. You need to change it again to 100. 

    2. When you have a Stop-Limit order, the price may touch your target, but you may not get filled. (depends on where you are in the queue of orders, compared to others - First in First Out)

    3. The third point about the order getting sent at $17.62 and getting executed at $17.12 is something very important. This is called Slippage and can happen depending on the Float and Volatality of the stock. $OSTK is a Low float stock with poor spread and bad slippage. That is why BBT moderators discourage trading Lowfloat stocks and recommend the Midfloat stocks with very good spread/slippage like $AMD, $MU, $AAPL etc.,

    I had a similar experience with $PDD couple of months back. Take a look at the image below. My order was sent/accepted at $20.45 but executed at $20.69. But this is normal.

    2019-05-20_PDD_Slippage_during_Execution.png

  8. Posted · Edited by IamKarthi

    09.Jul.19

    Break Even - 2 Trades today. 

    Watchlist: Another day with no so impressive watchlist, I had $TEVA, $NVDA, $ROKU, $SQ and $OSTK (LF) on the watchlist. I took $OSTK and $MU today

    Trade1: $OSTK. At the Open the price dropped, I was looking for Fallen Angel setup, it did happen,  except I was late on the Entry. And I did not look at the spread before entering, slippage was bad too. On top of these 3 factors, I pressed the Hotkey twice, so I had double the share size. I wanted to get out immediately, but the price was moving in my direction, held on to it. Price dropped immediately and got stopped out. 

    2019-07-09_$OSTK_Fallen_Angel_Late_Entry_Fail.png

     

    Trade 2: $MU. $MU was in action today. I noticied the hammer bouncing off 20MA on 1min, took long. At this time, I noticed the Pullback ORB on the 5min, so added to my position at the breakout. I partialed quickly till HOD, as it was forming Double Top.

    2019-07-09_MU_Long.png

    Good:

    • Nice Entry on $MU. Once I recognized the 2nd setup, added to my position as it was dual confirmation. 

    Improvement:

    • Late Entry on $OSTK, not checking the spread, should have let it pass. Also, should have exited half size, after Hotkey mistake. 
    • Like 1

  9. Posted · Edited by IamKarthi

    08.Jul.19 - Live Trade (Now that BT trader is over, I will start capturing only the Live trades)

    Breakeven day - 1 Trade on $FB. My mood was not good, there is construction work going on near my apartment and the noise is unbearable. Not sure how long I have to put up with it and trade.

    I got in $FB long and immediately got out. i don't remember what the setup was. But the price dropped immediately. Have no screenshot today. 

  11. Posted · Edited by IamKarthi

    I was getting burnt while taking the conventional ORBs at the open. It affected my pshychology when my first trade of the morning fails, even when I think the setup was perfect. For e.g, A beautiful strong 1min open candle on $TIGR below, with no wicks, I went Long and got stopped out. If my first trade fails then it becomes a catchup to overcome the losses and then achieve the daily goal, and my pshychology gets messedup.

    2019-06-18_$TIGR_ORB_Fail.png

     

    I found some ways to narrow the ORB setup down to a level which offers high accuracy and would like to share this  strategy "Pullback ORB with Breakout Entry"|. I have tried this out for the last couple of months and it has worked very well so far.

    The reason for this setup:

    • I wanted a high accuracy setup at the open.
    • I don't like overtrading, I prefer one and done, if possible.
    • I am time constrained during the day. I can trade only at the open for 30-40 mins. And I am not good at Trading reversals. 

    About the setup:

    This Pullback ORB-Breakout Entry works very well with @WilliamH Harmonious Charts. 

    Step 1: At the premarket, find a Harmonious setup, where the price action is above (or below) all the MAs on multiple timeframes 1, 2, 5, 15, 30, 60min and Daily (most of them, if not all). I prefer when the Harmonious chart is also ATH/ATL (All time High or Alltime Low)

    Step 2. Pullback candle: At the open, Watch the 1min chart for the first 2 mins. Check if the 2nd candle is a Pullback Candle. Then it is an Alert. E.g Below.     

    Pullback_Candle.png

     

    Step 3: Breakout Entry: Wait for the 3rd candle to break the previous 2 candles high (only bodies, no wicks) and take an entry. E.g Below.

    Breakout_Entry_with_VWAP_Stop.png

     

    Step 4. Profit Targets: This is usually high RR setups, some times as high as 3-4 RR and a good candidate for riding till close. 

    High_RR_setup.png

     

    Step 5. This pattern/Setup works as good when it occurs on 2min or 5min timeframes too. If step 2 doesn't occur on 1 min chart, switch to 2min chart and watch for the pullback candle on 2nd 2min candle. Continue Steps 2-4. If it doesn't occur on 2 min, switch to 5min chart and continue steps 2-4.

    P.S: 

    • Harmonious charts - Sometimes you may find higher timeframes as Harmonious and smaller timeframes not harmonious, Wait for the open to see if the price action becomes Harmonious on these smaller timeframes too.
    • Contrary to other setups, this setup works well when it appears on smaller timeframes. Eventhough it may appear on 15 or 30 mins, the setup may not provide high RRs.
    • These are not rare setups, they occur almost everyday on common stocks like $FB, $AMD, $MU, $UBER, $TSLA etc., 
    • At the open, I watch 6-7 stocks for this setup and switch from 1min to 2min and then to 5min. 

    Please let me know if there are any questions.

     

    • Like 11

  12. Posted · Edited by IamKarthi

    DAS Trader - BT Summary

    I was part of the DAS trader - BT which lasted for the entire month of June. I think this helped me immensely as it provided a Psudo Live environment for me to try out all my Rules and Strategies and managing nerves when going fullsize. I started with small sharesize during the first week and slowly ramped it up. It is not Real, nevertheless better than trading in SIM. In this summary, I want to capture the setups that worked for me, Rules, any lessons learnt and finally share anything useful with other members. 

    A. Setups:

    I am time constrained during the day, so I had to adjust my style of trading so that it I can trade between 9.30-10AM EST. I am happy that I never scalped 1-2c going big share size to increase profit throughout this month. I was careful of not falling into this trap, I managed to stay away from it and traded mostly setups if not all the time.  Following is my analysis of the setups I took during BT trading, some of these setups are not unique and overlap with each other. For e.g, Pullback ORB (1-2-3 candles) setup may occur on a Harmonious setup. Or Bullflag pattern may coincide with the ABCD setup. A reversal may occur on a Double bottom that coincides with a bounce off 200MA.

    Below are some of my most successful setups at the Open:

    • Pullback ORBs (1-2-3 Candles)
    • William's Harmonious setup
    • Fallen Angel
    • Flattop Breakout/Bullflag
    • ABCD setup

    My most successful setups at Mid/After noon: 

    I don't get lot of time to practice in the mid/after noon market and I am not good at it either. Nevertheless what worked for me was,

    • Hammer Double/Triple Bottom
    • Bounce off 50/200 MAs. 

    Trading_Setup_Analysis_1.png

    My least successful setups are:

    • Wishful Thinking/Hoping: When the setup is no longer valid but I stayed in the trade hoping for it to turn my way. Or I enter into a trade without a defined Stoploss, as a result messed up my Trade.
    • VWAP pullback LONG:
    • Conventional ORBs:
    • Reversal - MA cross

    Trading_Setup_Analysis_2.png

     

    B. Trade Analysis:

    Below is my performance based on Float size of the Stock (Lowfloat vs Midcap vs Large cap) and time of the day. I trade Low priced-Large caps stocks in the same way as LowFloat stocks (for e.g Fallen angel setup). I will create a separate topic to discuss about some of the trades and share it with members. 

    Performance_by_Float.png

    Performance_by_Hour_of_the_Day.png

     

    C. WinLoss analysis and P&L:

    Below is my Win/Loss ratio and P&L comparison. Overall I had 95 Trades for the month (I am happy about not overtrading). 42% Winners with a profit factor of 1.86.  The Profit factor was 2.6, until I had 3 consecutive maxloss days and then I reduced my share size very much. 

    Win_Loss_Ratio_and_P&L.png

    Overall_P&L.png

    P&L_Summary_Jun_19.png

    D. Rules:

    These are my Trading rules, they are evolving. 

    • Don't hold overnight positions
    • Only one trade at a time (unless there is a Range order to take care of the current trade)
    • Stick to the Stoploss.
    • No Premarket Trading. 
    • No Averaging up/down to Losing positions
    • No Early partials, before 1R. 
    • Max 4-5 trades per day, mostly 2 trades.No overtrading.
    • Like 3

  13. Posted · Edited by IamKarthi

    June Month Summary: 

    Live Trades: I took only 4 trades this month, I focused on DAS-BT trader this month. I am also planning to fund my account fully soon, I have spent 3 months under PDT rule which is enough. Also, for the probabilities to work, I need to take enough trades (I am expecting 60-75 Trades per month) and it is possible only if I fund my account fully. 

    Good:

    • Good premarket analysis, no FOMO or Revenge Trading. Most of the times, traded only setups. I wait for my setups to appear with Volume, I don't jump in even if it is William's harmonious setup (my A+ setup).

    Lessons learnt: 

    • I traded twice in the premarket on the same day. It didn't work, stopped out with a small loss.
    • I am lucky that whenever I breach any of my rules, I am getting burnt. I am losing money and psychologically, it doesn't feel good. And I am not getting false hopes. All the more reason to stick to my rules. 

    I have been working on my partials, I am trying out All or Nothing (AON) on trades also. Since I had only 4 trades this month, nothing much to showcase, But Partials will be my focus even going forward in the upcoming months. 

    I have included an additional coloumn MFE (Maximum Favorable Excursion) - this provides a view of how far the price moved in my favor on my setup and how much RR i could have got out of the setup.  For e.g on 06.Jun, I traded Harmonious setup and got out after 3RRs, the price moved to 10RR, before reversing, so I missed upto 7RRs. I am not trying to squeeze every penny out of my setup, but this gives an indication of how well my setups work. 

    RR_Heatmap_Jun19.png

     

    Cumulative Statistics after 3 months of Trading under PDT rule. 

    Current_Gross_P&L_summary_190708.png

     

    P&L summary for the month of June'19.

    P&L_summary_Jun19.png

  14. Posted

    On 6/29/2019 at 6:47 PM, Rob C said:

    Friday 6/28/2019

    I had a well-being score of 6.5/10 this morning. My nerves were actually OK.

    I apologies I did not make a screen cap of my trades so you will not see the charts today. Sorry I really did not want to look at them again. So today’s journal entry is more of lamenting and reflection, not analysis.

    Today was my worse day in 5 months to end my worse week in 5 months and destroyed what would have been my best month since I went live. I usually have bad days on my last day of the month, but I lost control today.

    I was having a pretty bad week already. Tuesday Centerpoint had an IT issue and would not allow any shorts (my short entry was rejected twice on FB) and thus missed, what would have been likely my trade of the month. Though I kept the FOMO in check, it did weigh on me. Wednesday was my first triple stop out day in 5 months. Thursday was a double stop out day. I did not get a chance to exercise or meditate on Thursday. I was worried last night how my nerves would be on Friday, but when I woke up they were fine. I just thought I am trading half share size today (Friday trading rule) so the worse I can do is –R. So I guess I really didn’t know my emotional capital was completely spent. So what I felt as no nervousness was more likely numbness. I opened up my platform as usual in the morning, though a few minutes late, and I almost instantly took a trade very early in the premarket. I have never done that before and I have no idea how to trade that early. The reaction to take a trade was instant, I was not prepared for that.

    Yes, looking at MU without checking the time looked like an OK setup. But that could be a horrible setup for that time in the morning. Yes it did have an ABCD pattern and I went long. At first with small share size. But was caught in the headlights and missed my entry. But I took the trade anyway after it ran 20 cents. 20 cents!! That should be my target not my entry. Obviously it retraced and found a new bottom. I added to my long and did actually take a first partial. I took too small of a share size once I remembered I am in premarket and took another partial. The price started to reverse. Recently I have not been stopping out at B/E if I only take one partial. A new rule this week, which I have used now 3 times to disastrous effects. But B/E was a good spot to move my S/O to since it was the new support level. Once broken I should get out. Instead I was holding to my original stop out. A few cents above my original stop out I got so disgusted with myself I exited. The price immediately reversed back and headed higher. So if I exited at B/E it would have been a positive trade or held to my original S/O. Instead I caught the low. This triggered even more emotional issues and after the price moved a bit up I went long again (chasing it again).

    At that point I didn’t want to look at it again. Without thinking clearly I set a range order with a tight stop and walked away to finish with my usual morning routine. Yes I had a stop LIMIT order at low volume premarket where I should have used a stop market order. I came back a few minutes later assuming I had been stopped out and saw the price well below my stop limit and still active. Now I really started to lose it and added to my position at the new support level. I did choose a S/O level and I did make a very rough calculation of risk, then rounded up the share size, ignored the premarket price slide and  ignored my first entry. Thus my risk was way too high. The price dropped and I did get out at my planned S/O minus the slide I must have had. I immediately closed my platform without recording screen captures of my trades and walked away and went to work early.

    It was almost 4 hours later I decided to look at my P/L. I glanced at it and closed my platform quickly as I wasn’t sure if I could trust myself. It was bad, but luckily it was just slightly below my daily max loss limit. I think that would have crushed me after 5 months of never breaking my max loss to finally break it. I was also still slightly green for the month. I took a big hit to my monthly score card average, I was actually proud of my score card this month until the last day.

    My score card for the day:

     image.png.9dec6d755ce28970febfa669bf70d833.png

    What I did good today:  Live to trade another day.

    How did I challenge myself today?  Turned off my platform and walked away.

    What I did bad today:  Lost control.

    What can I do better tomorrow:  Well I found where my current limits are for emotional capital. I will create a plan and post in my weekly how not to reach those limits again.

     

     

    I learnt the hard way that the Stop order/Range order don't work in premarket and postmarket. Nevertheless, I saw the $MU ABCD pattern too, and felt it was pretty good setup. It's just I have a rule not to trade in the premarket, otherwise I would have taken it too. Sequence of red means a sequence of Green coming, per Probabilities. Stay Green. 

    • Like 1
    • Thanks 1

  15. Posted · Edited by IamKarthi

    27.Jun.19 - DASTrader - BT

    Another small Green day. I couldn't spend lot of time at Premarket. Watchlist: $NVDA, $MU, $AAPL ,$AMD and later $SQ.

    Trade 1: $SQ. SQ was settingup for the 3c setup on 2min, I took long at the breakout. But it failed me. This setup has high accuracy for me, except this month it failed twice. I also failed to notice the shooting star on 1min. would have got out earlier. 

    2019-06-29_$SQ_Pullback_ORB_3C_Failed.png

     

    Trade 2: $AAPL I was really interested in $AAPL today, because it had a shooting star on the daily. I was very short biased. Price opened higher hit 200MA on 5min and dumped (forming 5min shooting star). I missed all this because I was on $SQ trade. Nevertheless, I waited for the price to break down below 200MA (2min) and went Short. It was also 15min ORBD. My target was YY-low (at $197.33), but I exited sooner, as I had to leave. Price went till 197.1 and reversed. Missed most of the move. 

    • Entry - $198.19
    • Stop - 15c (above 200MA 2min)
    • Target - $197.33
    • Exit - $197.75 (3R)
    • MFE price - $197.1 (7R)

    I took another small trade on $AAPL towards the close to test Short below MA. Very small share size. 

    2019-06-29_$AAPL_Shooting_star_Daily_ORBD.png

     

    Improvement:

    • Manytimes, I noticed that after I am stopped out, price provides excellent opportuntiy to flip (like $SQ today). I am not a flipper, but need to try this. 
    • Left money on the table on $AAPL. 

    Today is the last day of the challenge. I will publish the results and analysis next week. 

    • Like 2

  16. Posted · Edited by IamKarthi

    27.Jun.19 - DASTrader - BT

     Small Green day. I have already decided to trade small today, at the Open my mouse was not responding properly too. So just one trade and done. Some days, I just need small green to change the Trend. 

    Watchlist: I had $NVDA, $ROKU, $QD also $AMD and $MU. Later $WBA.

    Trade 1: $WBA. In the room Andrew called out $WBA during premarket, I liked the daily, so I included that too. Today I was specifically looking for 3C pullback ORB setup. Only $WBA was setting up for that. I took it at the break, volume was still not so great. I exited, no partial, it didn't move much. Found my wireless mouse not responding so I was done for the day. Also noted $CRON setting for the 3c pullback ORB on 5min. I didn't take it because the trade volume was less than 1M at that time. 

    2019-06-27_$WBA_3C_ORB.png

    Good: Traded as per plan, small size. Stopped after realizing hardware is not working. 

     

    • Like 3

  17. Posted · Edited by IamKarthi

    26.Jun.19 - DASTrader - BT

    Small Red day. May be by the nature of probabiliy, the Green sequence is ending and Red is on. Or simply I am just unable to trade this chopfest. There are no opportunities for Fallen angel, or William's Harmonious charts or 3C setup appearing at the open. I don't trade much after open, so its not good week for me. Good thing, I reduced my sharesize as planned today, so not much harm done. 

    Watchlist: I had $MU (earnings)$AMD, $ROKU, $GIS on the watchlist. Nothing Excellent. 

    Trade1&2: $AMD I noted the 3C setup on 1min. Although I din't like the long downwick on the 2nd candle,went long at the break, I took one partial and then stopped out. I could have got out earlier, seeing the inside candle and 2 long upper wicks on 2min. For Trade 2) After my exit, price clearly bounced off VWAP twice and I took long, got stopped out again. 

    2019-06-26_$AMD_ORB_2_Trades.png

     

    Trade 3: $AMD , Price hit the $30.4 level multiple times and bouncing off on 5min, Took short below VWAP (VWAP breakout) and exited at 50 on 2min. Very small share size. 

    2019-06-26_$AMD_VWAP_breakout.png

     

    Trade 4: $AAPL opened very strong went upto $201 level, came down to VWAP and bounced off VWAP, I took it long to HOD. Range order stoped me out. Again small size saved me. 

    2019-06-26_$AAPL_VWAP_pullback_long_Failed.png

     

    Trade that I didn't Take: $ROKU. I had a specific improvement plan not to long just above the resistence/short just below the support even with high volume as the price was turning against me immedaitely. I almost took one such trade in $ROKU today, but avoided trading it.  

     

    Good: I followed my Plan today. I reduced my share size. And took some partials. 

    Improvement: I could have shorted $ROKU instead, but I didn't take it. I noticed $AMD made 2 long upper wicks and created an inside candle, I should have stopped out earlier on Trade 1. 

     

     

    • Like 2

  18. Posted

    16 hours ago, Rob C said:

    Tuesday 6/25/2019

    I had a well-being score of 6.5/10 this morning. My nerves were fine.

    I took one live trade with MU. More issues with Centerpoint!!! See below for details.

    I wanted to short FB at 9:31am and Centerpoint rejected my order saying unable to short this security. This is FB!!! I tried again at 9:32am and again there were no shares for short. If you haven’t seen FB’s open, trust me that would have been my trade of the month. After my trading day ended I called Centerpoint and they said they had a DAS and Vision (the clearing house) IT issue and the easy to short list was not uploaded to DAS. Thus, nothing was shortable on Centerpoint today (unless you use their locator app). They said they were alerted to it and fixed it well after the open. Honestly, when I look at the FB,MU,AMD,AAPL,… I don’t look to see if the “S” is there on my montage. Looks like with Centerpoint I will have to add that to my preflight checklist. Very disappointed with Centerpoint.

    Luckily MU has a long setup so I was able to take a trade today. Back test data says that MU is good with the 3min ORB. I saw MU make a mini ABCD/pendant and really hold the 33.47 daily level. I went long at the break of that level. I did take 3 partials, all small ones (trying to work on my partialling). Then SPY started to drop and I was thinking about exiting or take another partial if it broke the 33.64 level which the price has been respecting. But my subconscious thought, “you have already taken 3 partials, let it ride to B/E in case it’s a pull back.” That’s fine but my subconscious forgot I took small partials today and I still have half my shares left. So I let it ride to B/E where I exited. Well that’s part of the learning curve I will have when trying to teach myself to partial better.

     image.png.b484a2703d7d45d33d112981ccdca7fb.png

    My score card for today:

     image.png.a41b17206136641a009a1f16e342e9ee.png

    What I did good today:  Recovered quickly from FB shorting issue and took another trade. Very happy how I don’t feel any FOMO missing the great short I would have had on FB.

    How did I challenge myself today?  Traded with $30 risk/trade and took smaller partials.

    What I did bad today:  Should have partialled or exited MU when it broke the support with SPY falling like a rock.

    What can I do better tomorrow:  Checking short availability, on all stocks, will be on my preflight checklist.

     

     

    I really like your $MU trade, Your entry was amazing, at the break of previous 2 candles top (like a Bullflag). I was watching it too, but it moved so fast, before I hit my hotkey. I didn't want to chase it.  This is A+ setup for me, can get easily 3R. Would have made my day. 

    • Like 1
    • Thanks 1

  19. Posted · Edited by IamKarthi

    25.Jun.19 - DASTrader - BT

    Red Day. Today I was not in the right mental state, Tired, upset. 

    I had $CRON, $AAPL, $NFLX and the usual suspects $AMD, $MU on the watchlist. 

    • $CRON - formed double hammer on daily, looking to pop
    • $AAPL - A Hanging man followed by 2 shooting stars on the daily - indicating Bearish trend to come ($AAPL did drop a lot)
    • $NFLX - A perfect shooting star on the daily indicating Bearish trend (although price range is not in my comfort - dropped a lot)

    Trade1&2: $CRON. Had lesser volume and moved slowly. Ì was waiting till 8th min, when the price poped above VWAP and all MAs, I took Long. There was still 50MA and YY levels, but I took it long as the volume increased. My mistake was I went full share size. When the volume is low and the action is slow/volatile, I should not take full size. Nevertheless, i got stopped out for big loss. I went Long again at 10AM, after the bounce off VWAP, got stopped out again. Very bad trade. 

    2019-06-25_$CRON_Failed_2Trades.png

     

    Trade 3: $MU. Took $MU short below 200MA on 1min, it was also below many MA levels. But I got stopped out. $MU was strong at the open until 11, before it reversed. May be it was a Long, as a bounce off 200MA(1min). I missed the 3c setup on 1min. I was watching it when it happened, but the move was so fast, I couldn't press my hotkey fast enough. 

    2019-06-25_$MU_Failed_ORB.png

     

    Trade 4&5: $AMD. 5min 3C setup (although I didn't like the top wicks on the 2 candles). I took Long at the break of top, Price moved 1R, then dumped as the SPY was dumping too. I was done for the day, I just took another micro size $AMD trade for the break of MA to test tradesetup. The moment the inside candle appears on 15min near the resistence, I should have got out. Note the reduced volume too on the inside candle and the long upper wick. 

    2019-06-25_$AMD_3C_setup_Fail.png

    Good: 

    I learnt couple of things from trading this week. Even Best of stocks with best daily setups can chop you out.. In these market conditions, always reduce your share size and look to get 1R/2R instead of 4R/5Rs. Happy that learnt this on SIM and not with real money. 

    Improvement:

    Market was too choppy today at the Open (i trade only the open). And most of the stocks traded with SPY today. Very difficult to find pattern. Need to learn to trade all market conditions. Today High RR setups didn't work, ($AMD today, $FB yesterday and $MSFT on Friday) should have switched to High Win-loss setups. That would have worked. 

    I seem to be shorting stock into a support or Longing into a resistence for the last 3 days ( today $MU, Yesterday $ROKU and on Friday $CRON). Need to be watchful of this mistake.  

    • Like 3

  20. Posted · Edited by IamKarthi

    24.Jun.19 - DASTrader - BT

    Red Day. After a sequence of 11 Green days, I expected some red days to come. Just wanted to not blow up the losses. So today I hit 1$ over my max loss.

    Today's watchlist was not good at all. I had $FB, $CZR, $ROKU and $CCL apart from the usual $AMD, $MU. Watching $FB and $CZR at the open. $CZR is lowpriced high float stock, I love these. $FB was really active premarket. Both were choppy at the open.

    Trade 1&2: $ROKU, $ROKU was below the 9MA on daily, I called this out in the room that it may come down to 20MA. I had a Short bias. So the moment $ROKU pulled up and then slowly (volume was not great) pushed all the MAs and VWAP down, I took  short. I was may be a bit late, and the spread and slippage was not good. I expected the price to dump, but it pulled back all the way to 200MA (1min) and I got stopped out (Stop PCL). After stopping me to the penny, the price dumped. I took short again,  stopped out, as the price moved up. 

    • Entry 1 - $102.1, Exit - $102.66 (after dropping 1$ 2R) 1min had 2 long lower wicks, still din't get out, Poor mistake.
    • Entry 2 - $102.2, Exit - $102.45 5min had 3 wicks and an inside candle, still din't get out, Poor mistake

    Trade 3&4: $ROKU. After my 2 losses, I went in Short again (didn't want to miss my A++ setup). but I didn't partial out, I wanted more. Got stopped out at BE again. Now I am thinking I should go long as the price crossed VWAP. I realized it was a mistake and got out BE. Now because of my 4 trades in $ROKU, i stopped trading and moved out of my PC and now the Price dropped to 7R with HUGE volume. Well Atleast I was right about my Premarket analysis.

    • Entry 3 - $102.24. Exit - stopped out BE (after dropping $1 2R)
    • Entry 4 - $102.27, Stopped out realizing it was not Long (5c move)

    2019-06-24_$ROKU_Failed_Hamonious.png

     

    Trade 5: $CCL. Although, $CCL had gaped down premarket, it opened strong, Once price came back up after crossing all the MAs I took Long, but got stopped out. Stock was choppy and din't trade cleanly. It was not my Setup.

    2019-06-24_$CCL_Failed.png

     

    Trade 6: $CZR.  Almost Perfect Trade. $CZR was my third trade after $ROKU and $CCL.  $CCR is Low priced highfloat stock. it formed the Fallen Angel setup and I took it long, put in a Range order,  later I added to it and sold All. Fallen Angel is my A++ setup along with William's Harmonious chart setup. I should have gone full size on this, but I took only 10% of my regular size on a Winner.  

    2019-06-24_$CZR_Fallen_Angel_A++_setup.png

     

    Trade 7: $MU. This is A+ setup. $MU formed the Double bottom hammer just above VWAP on 5min. I went Long full size. I didn't get filled on my Range order. Unfortunately, I couldn't exit immediately and lost out on more than half profit.

    2019-06-24_$MU_DB_Hammer_5min_2_Trades.png

     

    Trade 8&9: $FB. $FB was very strong premarket, was looking to popup close to $200, but the open was choppy. After 10.15, price moved up above MAs and i took it Long, with a target of $194. Got stopped out by range order, then price moved up to my target. Later, noticed double bottom at the level $192.62, so went Long, after first partial, price turned and I stopped out BE. 

    • Entry 1: $192.94, Target -$194 (4R), Exit - $192.7. After stopping me Price moved to $194. 
    • Entry 2: $193.18, stop - 20c, First partial - $193.5 (1.5RR) Rest BE. 

    2019-06-24_$FB_ABCD_ORB_Failed.png

    2019-06-24_$FB_Double_Bottom.png

    Good:

    • Irrespective of 4 trades in $ROKU ending up with losses or BE, atleast i was right about my Premarket analysis.
    • I didn't take 2R profit on 2 occasions, as these are setups that offer atleast 3R. It will work in the long run. 
    • Today was a choppy day for market. Recognized that and din't trade beyond my max stoploss. Sometimes, there is nothing you can do.

    Improvement: 

    • I made the mistake last week of going into a A++ setup confidently without setting stoploss, today, I avoided this mistake, but My stoploss was not wide enough. If I had given $ROKU 60c instead of 55c stop, I would have had 7RR (3.5$) move. This had happened to me on $PINS before. It is frustrating and I keep trading again, knowing that this is my trade and I don't want to miss it. What could have been a one and done day, turned into maxloss day.
    • When I am in a setup, I like it to go my way immediately or just a minor pullback. If it turns more, even not to my stoploss, I am getting out. Something I need to work on. 
    • I made some trades based on the Price action and Pattern, No specific setups. This doesn't have high Win probability. No edge here. 
    • When the A++ setup appears, always go with fullsize without any bias. For E.g (Fallen Angel, William's Harmonious setup, Doublebottom Hammer etc.,)
    • Like 1

  21. Posted

    On 6/21/2019 at 4:27 PM, Mark D. said:

    Friday JUne 21st, 2019 

    Sleep: 7.5 hours. Mood: rushed to start trading this morning. didn't even get to do my daily levels before the market open. Trading from home so i can fully concentrate. 

    First trade was an ORBD in CRON. almost took it a minute earlier but i decided to wait for the first 5minutes. my stop loss was $15.90 at the body of the 5min candle and i wanted a pullback to $15.80 for my full position but ended up getting a bad fill at $15.76. it touched my stop and i'm glad my nerves were good this morning because instead of being trigger happy and bailing, i gave it to the break of a new 2min high after my entry and luckily it sold off after. i had all the MAs and VWAP above me on every chart but the daily and the 200 MA on the 15min so i was pretty confident in my trade. Once it broke the LOTD, i set my range order for $15.90 to $15.34 and sat on my hands. happy that my order got filled. 

    GOOD: good setup, good R/R

    RFI: could have waited for a new 2min low before hopping in. 

    MOOD: happy for a green friday

    CONSISTENT: yes. 

    217935542_CRONORBDA.thumb.png.cdb4d8e9895d01a162dc5898b9907a89.png

    159956777_CRONORBDC.thumb.png.866511f81e161c48edee189291fe9362.png

     

    What i did good today: took only setups and had share size that matched my stop loss

    What i did bad today: Entry was too early. should have waited until for a new 2min low

    What can i do better tomorrow: wait for better entries. 

     

    Very nice trade management and Exit at LOTD. That's why I like Range orders instead of sitting nervously and watching. 

    • Like 1
    • Thanks 1

  23. Posted · Edited by IamKarthi

    21.Jun.19 - DASTrader - BT

    Red Day. Today's watchlist wasn't very good, Summer Friday. $CGC, $AMD, $MU and $KMX. LF/LP $CLDR.

    After a very good Live trade, switched to SIM. Took 4 trades, all failed. Hit maxloss today.

    Trade 1: $CGC appeared to provide  the LOD breakout setup and took the trade. it failed.

    2019-06-21_$CGC_failed.png

     

    Trade 2: $MSFT. Took breakout of HOD, it moved 1R and stopped me out. Correct setup, wrong timing.

    2019-06-21_$MSFT_failed_HOD_breakout.png

     

    Trade 3: $CCL. Took another LOD breakout, another failed trade. Wrong timing. Reduced sharesize. 

    2019-06-21_CCL_Failed_LOD_breakout.png

     

    Trade 4:$CRON. Took short below VWAP. But it was VWAP false breakout. Got stopped out. Reduced sharesize. 

    2019-06-21_$CRON_VWAP_beakout_Failed.png

     

    Good: After two losses, reduced share sizes and played really small. So although 4 losing trades, it was within my max loss perday.

    Improvement: I need to finish my trading before 10.30AM, after that my success rate is really small. I need to reduce my sharesize, if I am trading after 10.30 (even if it is first trade)

    • Like 1

  24. Posted · Edited by IamKarthi
    Included 10min chart.

    21.Jun.19 - Live Trade 

    GreenDay - Almost Perfect Trade. Today's watchlist wasn't very good, Summer Friday. $CGC, $AMD, $MU and $KMX. I was not keen on trading Live today. $CGC had earnings and gaped down (HARMONIOUS). At the open was going up till YY Low. Then it starts dropping. Lot of Support levels, but one red candle blew thru them. I took Short once the next 1min candle opened below MAs. It also formed 10min ORB. Volume wasn't great so price moved slowly. I took just one exit, no partials at 3RR. I am planning to calculate how far the price moves beyond my target/exit under MFE price. Today it reached upto 4.5RR. 

    2019-06-21_CRON_ORB_10min_VWAP_breakout_1.png

    Good: When Opportunity came up, I jumped in. I know I am only going to risk my predefined amount. Working on BT trades has helped me calm down nerves. I liked my exit, as there was no clear single target level (like MA). 

    Improvement: I am happy about the 3RR, I am not trying to squeeze every penny out of the setup. Will revisit the exit strategy if I keep missing major moves on these Harmonious setups. 

    • Like 2

  25. Posted · Edited by IamKarthi

    20.Jun.19 - DASTrader - BT

    Green Day. I had $MU, $INTC, $ROKU, $AMD and $CRON on the watchlist. Also $ARQL which formed Tripletop on Daily at $10. 

    Trade1: $CRON. Looked strong on Daily above all the MAs. I thought it was going to pop at the Open. After the candle with good volume pushed thru all the MAs and VWAP, waited for the candle to open above Support and entered. Volume was really low on $CRON (<1M) so the spread and slippage was very bad and bit volatile too. After my Entry, price consolidated, I felt my entry was too far away from VWAP(15c) and so got out. The Doji on the 6th candle also worried me. I knew better entry would come. 

    Trade2: $CRON. Price came close the VWAP and I went Long again. This time my entry was close to VWAP (which was my Stoploss 8c) so I was comfortable. This is just my strategy and I am comfortable playing this, not sure if this is entirely recommended. Although i had some loss in the first trade, I had good move on the 2nd one. Took 80% out at 2RR, then put range order for 3RR and 5RR. Since it was harmonious thought $CRON would move $1.50, but it reversed and I got stopped out for a small profit on final one. This is also 3C setup on 5min and a confirmation for 15min ORB. 

    Almost Perfect Trade

    Entry - $16.32, Stop - 8c, Exit - 2R, MFE price - 6RR

    2019-06-20_$CRON_ORB_Harmonious.png

     

    Trade3: $MU. Thought $MU was strong on Daily above 20MA. But it dumped at the open almost one $. Pulled back to VWAP, I went Short, price turned against me and I got out. I had an opinion that $MU was going to pull up anytime above VWAP, so got out quickly. After my stop price went up 1c more and then continued to drop. I could have reduced my share size, which would have probably allowed me to continue in that trade. 

    2019-06-20_$MU_VWAP_pullback.png

     

    Good:

    • I hardly had any sleep last night, but managed to Trade ok today.
    • Got out after realizing my Entry wasn't ideal in $CRON and the Price action was not strong immediately.
    • Realized the average volume at the open for $CRON and adapted to it. 

    Improvement:

    • Should have reduced my share size on $MU, which would have allowed me to continue on that trade, would have given me 60c move.
    • After the first 90mins after the open, I am not willing to take any trade whatsoever. I need to see if this will workout long term, May be time to practice one of the Reversals too. 

     

    • Like 1
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