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hailchaser2

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Posts posted by hailchaser2

  1. Posted

    4 hours ago, peterB said:

    you need more detailed rules like:

    1. take 5min ORB, 15min ORB - now it is clear what you want to trade

    2. after 3 trades evaluate - now it is clear you want to stop and think on what is next

    3. take maximum another 3 trades as ABCD or VWAP bounce - now you know how you want to trade next.

    4. max daily loss $30 or 3 red trades or target $60 stop trading- now you know when to stop trading

     

    My rules were posted at the bottom of first page of this thread. They are similar to what you suggested except for the re-evaluate.

     

    66F9CB0D-0560-4BCC-B9E4-C380BAE0ED01.png

  2. Posted

    Goals for this week.

    1. Trade Well

    2. Do Not Over Trade: if I break my rule of no more than 5 trades, I must stop trading, then trade in Sim the next day, and each day after that until  I can keep my trades to 5 or less.

    Yes, I changed my rule from 4 dimes/trades per day to 5.

  4. Posted

    1 hour ago, peterB said:

    if you do the partial t the right place then a stop at BE is normal to happen. part of the game. if you regret it than you should have not been in that trade or should have do all out instead of partialling.

    man you need to get together, what you do is not trading

    Thanks, I think about 20% or my trades this week were ok. The other 80% were just trying to get lucky.

    But that’s why I’m here, trying to learn and get better. Week two will be better. Using this thread as an accountability tool.

    Its not easy to publicly admit I was an idiot 4 out of 5 trading days last week.

  5. Posted

    Friday, another terrible day for me. Started decent, then overtraded again. I MUST start following my Rule 5 (use dimes to stop over trading).

    -$103 -2.3% (Will Update After Commissions)

    Rules 2/7

    I have found that when I get stopped out at BE after some gains, I get frustrated that I didn't profit more, I am angry at the market for not continuing in my favor. It really affects me when I only get one or two partials. I have to stop letting that effect my emotions. I must accept that it is a normal thing for the market to change directions. 

    roku.thumb.png.ddde8d1e87236a8338bbafbfd626198e.png

    This TSLA was actually a good idea, ABCD at the VWAP. I am happy about this one, it just didn't work out.

     

    tsla_14.thumb.png.7874510c5fd2df0cbd9ff5955b950466.png

    Trade 1,3,4 on NVDA are all examples of one partial, then stopped out at BE.

    nvda.thumb.png.d5fb920ac6ec404d073f38160a56a61a.png

     

    How do you deal with the frustration of one partial then stopped at BE? Or how did you keep this from happening as often? Better entries would help I'm sure.

  6. Posted

    Thursday, another day of massive over trading, 128 tickets, 8 different stocks (3 both ways). I'm not even sure how to do a detailed recap when I had so many trades. I didn't take the time to screen shot any of the trades. I only took a snapshot of my trade list. I ended up green, but am very disappointed in how I traded. +134.87 +2.9% (+32.90 +0.7% After Commissions)

    I did successfully use the DAS mobile app to exit some trades I was in. Had to leave the house and go to a Valentine's Day party at my daughter's school. They were both small shares of winning trades I was still holding. 

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  8. Posted

    5 minutes ago, The Rule of Two said:

    ooo! I am interested in buying a castle at some point. In France, the government will actually subsidize you if you buy a castle so long as you agree to upkeep various functions to preserve their historic sites (not sure if I could handle all the incessant strikes though). Might have to look into this when I have more money though. It's also relatively close to one of my favorite childhood vacation spots 

    Where was that vacation spot? Branson? Lake of the Ozarks?

  9. Posted · Edited by hailchaser2

    Wednesday, I only had 15 minutes to trade before I had to leave to help some friends make some coozies. I probably shouldn't have even logged on Knowing I had prior commitments. -$84.00,  -1.8% (-$95.89 -2.07% After Commissions)

    Rules 5/7 again: 4. NO 6. NO

    Trade 1 & 2 MU

    I was watching for 5 min ORB again, I was switching between a few stocks the first 5 minutes. I didn't see anything I liked. I moved MU to my trading window. I was too late, I chased the trade. Took a couple partials and then got stopped out .05 below my stop loss somehow. Maybe it just dropped too fast? My entry should have been earlier in the candle or even at the prior candle near the VWAP, my risk could have been about .08 cents. Forced another long try above a daily level break out, almost immediately got stopped out for loss.

     

    MU.thumb.png.17f00b2b7e7222ededd0831e139d7edf.png

     

    Trade 3

    Again I entered a trade way too late. This entry should have been one of the tests at VWAP.

    LYFT.thumb.png.7828f60fc9cb9d2743b9e9fc148a34a1.png

     

    trades2-12.png.cbff68ec4ca23e5af52566357e175931.png

     

    The entries I missed are very easy to see now. I need to concentrate on entering near VWAP to keep tight stop losses, that would also help my BE stop not get triggered so easily later in the trade. I will be able to handle the normal pull backs.

    • Like 2

  12. Posted · Edited by hailchaser2
    Updated PnL After commissions posted

    Tuesday, I started the day with a much better mind frame than Yesterday. +$121.75 +2.6% (+$102.25 +2.25% After Commissions)

    Rules Followed 5/7 (4. weekly loss is over 300, but I traded live anyway, 5. Traded 2 BreakOuts which are not listed in my acceptable strategies at this point, I might add them because I am confident in reading L2 action around resistance/support levels)

    Trade One 5 Min Orb: entered with very little risk just below VWAP, almost added to trade at retest of VWAP 9:55 but I decided against it. Put a .13 Trailing Stop in because I was tired of watching the trade. I should have stuck with it, it never tested VWAP again, and fell another .60 cents.


    gt.thumb.png.fbf33d67013e96da0793b05731193404.png

    Trade 2 Reverse To VWAP: Brian called this possible reversal out in the chat, I expected it to get to VWAP after not broke the MA, engulfed the 1 MIN and passed the high of the previous 5 MIN. It shot up and I took a 1/4 partial, made a hotkey mistake and took another 1/2 partial instead of hitting the BE hotkey.  Then the pattern failed and stopped my remaining out at BE.

    dish.thumb.png.449e10b302cd8c64533d76c482e224ba.png

    Trade 3 BreakOut over 200MA on 5 MIN: This was another good idea, but I made the exact same HotKey mistake that I made on Trade2 to take my big partial way too soon.

    pins.thumb.png.cdc86a6777e3ff521201f36136ee7112.png

    Trade 4 Daily Level BreakOut: Roku was strong all morning and was hanging out at a Daily level I marked in the pre-market. L2 showed big Sellers at the ASK (1052,600). I entered at the break and took some good partials, no HotKey mistakes this time.

    roku.thumb.png.c134a687f2d3212dc46994354631f97b.png

     

    Trade Log: I'm not sure why some are SMAT one some are LAMP, I thought they were all supposed to be LAMP. I messaged CMEG about this.

    448905582_trades.png.59a7a81ac27c5c1d00bc49be178fa096.png

    Later in the day I was tempted to make more trades but Rule 7. Lock Montage after reaching goal!

    So I switched to Sim and messed around, lost 1,300. I probably shouldn't even screw around like that in Sim anymore, it could make bad habits.

    • Like 2

  13. Posted

    I didn't do a journal entry Yesterday because I was not ready to talk about the failure of my first day back in a live account. I thought I was ready to control the psychological problems of over trading and revenge trading, but they reared their ugly heads again.

    I got my account activated 5 minutes before the open, I should have immediately switched to DEMO for day one, but the excitement of finally trading live again pushed that thought away and I went in guns blazing. I didn't do any screen shots because there were not many technical entries or trades. It ended up being over 130 tickets. -$306.52 before commissions, -$454.67 after commissions. That is a -9.12% hit to my account on Day 1.

    Rules Followed 2/7

    Last night I emailed CMEG to set my total daily loss realized + unrealized to $100.

    I also forgave myself for making such a huge psychological error. The hard daily stop will obviously keep me from doing this again, but I should be able to control it myself.  I must fix that issue, anytime my first 5-10 minutes goes poorly, I lose my cool.

    I will get better.

    • Like 1

  16. Posted

    1 hour ago, Justin said:

    3rd goal is an odd one to focus on 😅

    Lol, if i am averaging 1% a day, to speed up my goal date, I could put some of my extra funds from my regular job in the account to build it up faster instead of just using trading profits.

    I’m hoping I can make this my last “hail season” and by spring 2021 I can be a full time trader.

    I would have to change my screen name then.

  18. Posted

    10 minutes ago, Abiel said:

    How much % daily are you making now?

    Start live next week. Been trading sim and CFD’s for a year now. This will be my first account with a real broker. 
     

    Sim last week I made avg of 3.3% per day.....but I know Sim and Live are completely different, I believe I have blown up enough real money CFD’s to be more disciplined this time. 

  23. Posted · Edited by hailchaser2

    Just posting an update, my platform was not activated on Friday like the email said. It stated if this is your first deposit, it may take up to one business day to activate the account.

    I even emailed them Friday mid-day to ask if they could get it up before they close so that I could have the weekend to make sure the platform was set up properly.

    Fingers crossed this happens Monday, I’m tired of looking at TOS charts and want my comfy DAS back.

    • Like 1

  25. Posted

    2 hours ago, Brendon said:

    lol screw that brother, red flags abound, you gotta see a bad trade when it hits you in the face, i withdrew my money and they disabled the account so i cant pull any transaction data lol, i called today and they said they cant enable it again and 'maybe' can send me a spreadsheet of some data lol. i say feed them to the dogs. 

    No issues with IB 🙂 

    That’s my goal, get 30k and get an IB account.

    • Like 1
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