Stevo

I've arrived in San Diego from Santa Fe, NM today. SD Weather is awesome. I just left 28 degrees in Santa Fe. Attending TradeIdeas conference and BBT Meetup. Look forward to meeting up.

It is very rare I have a swing go that long. It just never dipped too much to not tolerate it, except for in early week of February, when I almost bailed when it got back down to 12.50 (.50 above my stop) but my share size on it was not that big and luckily it popped back up and showed good strength the rest of the way for the most part. I actually should have followed my plan to exit some at 4 pts up, but it went down at about 3 pts up, then showed good strength marching up and thru the 4pt possible exit. So I stayed with it. I'll leave some shares left to see if it can get to 200 MA @ 25.45. But it has mostly flattened out sideways the last few days.

I already am a community member since November 2018 and I am setup with IB and Das with my own simulator and Live acct. That said can I still join the BBT Challenge 2?

Still in UWT Swing since 1/18/19. It never hit my stop of 12. It is now at 21.55. But going to take half or more of position out this coming Monday morning April 15.

OK, I believe Andrew, Brian, Carlos and possibly Norm are headed to New York this weekend.

Is this meetup happening for sure on the 15th and 16th of March? Is Andrew attending and/or any other BBT staff attending? I need to book a flight from Albquerque, NM soon if so? Any more details?

Two things: 1) I can help host a Santa Fe, NM meetup if anyone interested? I've lived here since 1999 (I formerly lived in Seattle and SF Bay Area). Santa Fe is a unique place to live and visit. High desert in the Sangre de Cristo Mountains and 60 miles from Taos. About 75,000 population. Art (top 3 art market in nation), SW culture, hiking, skiing, biking, fly fishing, micro breweries and restaurants -- great food if you now where to go, Native American and Spanish culture, etc. Possible good months to meetup are May and early to mid September 2019. 2) Anyone out there near the land of enchantment? I'm a lifetime BBT member, wondering how close any members may be near me? Chime in at your leisure and advise on your interest and current locale, Cheers! Steve Burke

I'd also be interested one day having a meet up in Santa Fe, NM. I live there since 1999, great place for a visit I feel for the culture, hiking, art, food etc as well. Any one interested in Santa Fe, NM down the road? I plan on coming down to Phoenix as is being planned here May or September would be a great months for Santa Fe. Just throwing that out there.

Why having a daily profit target is important? Currently, I personally do not trade with a daily profit goal in mind, so to answer the question specifically, I do not find a daily profit target important or productive to my "trading happiness". So I will not list a slew of reasons to support that premise. As a relatively new trader, a daily profit target made me chase the goal, and at times miss opportunities staring me in the face. Therefore, I now focus completely on being daily in a "Trading Zone", of which most I learned at BBT, which includes: -Strict Risk management (thanks RobertH!), -Patience & Research (thanks BrianP!), -Discipline (thanks Carlos!) - and solid setups on a variety of strategies with at least 2-1 risk to reward that have multiple indicators pointing to going long or short, and developing "feel" (thanks Andrew). - I also rely on my own research and feeling-knowing about a trade prospect and reading the psych story present in the charts, as best as I can. Trading Zone VS Profit Target: For me rather then a profit target, I strive daily to trade with focus and discipline with what the market presents to me on any given day. It does not mean to me that I can't look at my P&L, but I can not give my P&L any say or power over getting me out of my trading zone. For me, this is a psych muscle that I must continue to build and support for it is not in my natural built-in nature. Over trading, FOMO, revenge trading that results in losses are feedback that something is taking me out of my trading zone. It could be a profit target not met, could be I made way over my target and now I'm taking unwarranted undisciplined risks, cuz I'm "getting high" on profits (lol). To me the "trading zone" is the sweaty gym where all the hard work is done, and the P&L is the mirror I can occasionally look at to see the results of the hard disciplined work. I don't want to let the mirror be in charge, the "P&L mirror" is the results of my daily actions, not the motivator. Be True Yourself (harder then it sounds): That being said, everyone has to be true to themselves and their unique trading style. There is no right or wrong answer to the question posed in my opinion. Having a daily profit target may work best for many people for many different reasons including one's life circumstances, risk tolerance, genetic makeup, current psychological tendencies, current trading skill level and trading style, an so on. It very well may be the most effective for most people, newbie's and pro's alike. Style of Trading and Daily Profit Target: I see that Andrew likes to trade for about an hour or two in the morning on ORB's or Engulfing Bearish Cracks in particular, and then he is done for the day. A daily profit target may work best for him because specifically of that style of trading. I can see where the tendency can creep in to over trade, or trade too quickly in that type of trading style. He is also performing transparently for himself and the community which adds another psychological dimension, ie. time and performance pressures. He is our beloved awesome "Sniper" trader in the mornings, as someone described him recently. So it appears from his comments that a daily profit target works best for his current style and personal psychology. Whereas, I know others are looking for opportunities to trade during the entire span of the day, and perhaps a Trading Zone method without looking at P&L works best for them, or a combo of both at times is likely as well. The Bottom Line Target: we all want to be happy being a day trader. Happiness and survival in this game does not come from losing more than you are making. So if a daily profit target proves to keep one happy and a winner in the game, awesome. If flowing with what the market represents on a daily basis without a specific profit target works best, then great. Maybe a combination of both suits an individual. This is a fluid game. I heavily lean toward a trading zone method as described, but that will likely change and evolve as my trading skill set and style evolves over time. The market is an ever changing river flow, we each will make adjustments and experiment over time. There is no stopping place in this synergy. Journey Well BBT's.

1/18/19 Swing Trade Idea. Today Trading UWT EFT 13.10 entry, Stop $12. Target 4 point plus. We'll see how it goes.

Hey escadaret, I updated the chart for the roku trade to correctly list profit amount which I had wrong after reviewing my broker statement. The new chart is at the top of this thread. Can you delete the outdated chart you quoted when you get a moment. Thanks and best wishes in 2019!

Interested. Those days can work for me, but I believe I can be flexible also. Thanks!

A hike sounds great to me.

I am all out as of this morning on SQ swing. It was a good run. I'm not that familiar with the pot stocks, just the product (LOL), I have alot to learn to expand my swing trade reach with ETF's etc. That will happen over this new year. Thanks for the heads up on sell of possibility around 10:30am, I'll be watching. Might take day off and just watch, I've been going like a freight train at this for the last week, in particular , need a breather to do more research. Right now my trading revenue is about 80% from swing trading and 20 from day trading. I'd like to balance that out more this year. But both disciplines are like separate entities, but they synergize with each other.

I did fully exit ROKU at the end of the run, but boy I wish I could have shorted it yesterday, but Speedtrader did not have any shares to short. Have a great day, today looks like a Long day, money coming into the equities it looks like, but you never know until the day over. I still Swing Long on SQ, hoping it continues up, so far looks strong in premarket. Cheers.

Hi Brian, Thanks and great job Angel. I still have shares of SQ on a swing trade as well. Looks strong this morning gapped up 2.8% so far in premarket. I'm gonna be looking at the action on it now and at openng and may go long at the best opening I can get at hopefully some opening sell off premarket profits. I'll be paying close attention to the time 20 minutes before open and 3 minutes after opening. I alsp took a small portion of APPL before close yesterday. I'm a currently a tech stock focused trader, but going to be learning alot about sector swing trading with ETF's, inverse ETF's, etc. And doing some hedging strategies at certain times of volatility. Cheers! P.S. the way thing are looking in overall premarket SQ should hit 65

It went huge for me. Got in at $34.90 in premarket, 1,000 shares (a calculated risk from solid study). Then added 2,000 shares at $36.76 and road those total 3,000 shares and started scaling out at 1000 at 40.50, then 1,000 @ 41.72, then 500 @ $41.50, and a final 500 to close the trade at $42.52. What helped the amazing ride was very good news I heard on Benzinga Pro after my initial entry regarding ROKU partnership with with Westinghouse for smart tv's and ROKU announcing increase in Q4 active accounts and 68% streaming increase. I added 2,000 shares when I go that on benzinga and then boku ruku! So powerful catalyst helped. I'll do a recap when I get a chance. The swing trade turned into an intraday swing, i was able to relax on the .25 to .40 or so drops on the way up. That is not hard really to do when you get a great jump out the gate. I was expecting the $40 target price level to take at least until the end of the week or much longer., but there were many reasons setting up for this to happen. So timing was blessed on this one. But I was prepared the night before and it really paid off to follow the premarket action and be on point for this "dayswing" trade. I started analyzing it at 4:30am. I anticipated a strong risk to reward, but this far exceeded my expectations in terms of speed to get to target price.

Hey Brian and any Swingers out there If pre-market action and no bad news for tomorrow morning looks fair enough, looking to enter SQ at about $58.75 with a price target range ride up to $67-70, and ROKU enter under $34 if possible and ride it out to about $40.00 target. I have pretty ample stop losses on these swing trades ($SQ at -$2.00 stop loss, and ROKU about -$1.00 for the first day of the trades) and can allow them to run to about Feb 10 or so if necessary. Looking for Monday to be a bulls in charge day to kick these off otherwise I'll have to bail. I'll be of course looking for signs of weakness/strength in the morning. I've been trading these two stocks the last couple months and while they can be very volatile, I think now is the time possibly that they can run for me enough to secure a good start to a pretty long swing trade. We will see what happens. I'll need to pay attention to earnings reports coming up, china situation, trumps mouth LOL, and overall market conditions. SQ tends to go south when it drops in a session below $2 bucks, ROKU the same when drops down a buck. The risk to reward is very good if the market rally's for me over the next two weeks. Could be a gap up to deal with premarket, or who knows, gap down, prefer a gap down. If all fails, I will bail at the stop losses and look to remount perhaps at some point. Any thoughts or suggestions welcome! - Steve Burke UPDATE: RESULTS OF THE ROKU TRADE CHARTED BELOW, PLAN WENT EXTREMELY WELL! SQ trade also went well, but this ROKU trade was insane! The below marked up results chart should explain it all. I took some time to add as much detail as possible...

I'm Interested. Can fly down from Santa Fe, NM. Flexible on timing.

Thanks Norm, Yes see y'all in chatroom. Tomorrow is an interesting day based on pivotal levels indices are at.

Greetings BBT's, My name is Steven Burke (AKA StevieB), as of today, I'm a new lifetime member. I am 55 years old and "semi-retired" entrepreneur living in Santa Fe, NM. I have a 15 year old boy and 19 year old daughter, and coming up on my 30th anniversary with my wife I met in college. Yesterday, I completed my simulator acct setup with Speedtrader. I will be in the simulator starting this Monday for 3 months or so and will be going through all of what Andrew's education programs have to offer, full time. MY HUMBLE PIE STORY: Since this October I have been doing real money equity trades on Ally's crappy platform. I got ridiculously lucky and within two weeks was up about $7,500. I thought, oh man, this is GREAT! We'll, as Howard Cossell said back in the day, "Down goes Fraser!, Down goes Fraser!" I averaged down pretty heavy with an SQ trade that plummeted like $9 bucks, caught falling knives along the way. I quickly did all the classic emotional trading mistakes, you name it, I've done them all in the last 7 weeks, revenge trading, FOMO trades, not committing to a trade plan, sloppy stop loss setups, not closing out positions overnight....and I did it ALL with real money! Needless to say, the $7,500 of what I beginner's luck made vanished in 2 trading days, and I then proceeded to lose $6,500. In the process, I did have a couple disciplined, well executed trading days after re-grouping, so I do have a sense of what that feels like. On those days I was patient and letting the trade come to me instead of the reverse, I was mostly ahead of the action with a well thought out technical trading plan, and good trade management ( scaling in/out, adjusting stops, etc.) THE UNEXPECTED SURPRISE AND POTENTIAL GIFT: I love the challenge of what day trading represents, and the surprise to me is that it presents an opportunity far more then money making: The technical aspects I think any reasonable intelligent person can learn with some good 'ole hard work, but I did not know that perhaps 90 percent of what this will require is "me learning about me", and changing neural pathways that not only give me a fighting chance to be a long term successful day trader, but can also improve my mind, body and spirit. Andrew did speak to this in his book, but it is one thing for me to read it and another to look it square in the eye with hard earned money on the line. I look forward to this challenge on a daily basis and I feel that BBT will be a safe and enjoyable community to evolve in and resonate with. MY BACKGROUND: This past September 2018 I sold a home environmental services company in Santa Fe, NM to a couple of my existing employees and now I am a part-time environmental consultant with ample time freed up. This change process is what made me look to the stock market over the last couple months, as I originally was looking at stock investment opportunities. Then the market began it's ongoing correction and volatility that started in October. That led me to seek guidance, and rather quickly led me to Andrew's book. Andrew's excellent, well written and honest book, along with the current market environment, changed my original thought of investment education to now complete devotion to day trading education. I researched several chat rooms and educators prior to taking a test drive this last week with BBT. I am impressed with the "quality over quantity" of the membership, Andrew's team members, and the sharing of talents from various members. From my research of many groups, this group stands out and is the one I look forward to resonating with as I now head into the simulator for 3 months. Warmest Regards, StevieB