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Everything posted by hailchaser2
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Wednesday -2.3R 3/7 2:1? 2/3 4:1? 1.3 GILD.1 1MinOrbUp -1.1.R GILD.2 BODown@Level -0.66R TGT.1 1MinOrbDown -1.14R TGT.2 5MinOrbUp +0.07 2:1? YES 4:1? YES TGT.3 Double Top -1.02R LOW 5MinOrbUp +0.24R 2:1? NO 4:1? NO TJX 5MinOrbDown +1.3R 2:1? YES 4:1? NO Premarket Trade In SIM BMRN BODown@Level +1.35R 2:1? YES 4:1?YES BA accidently traded in SIM instead of live, I didn't switch that montage window back to live account after trading in premarket. Long then 3 shorts, chickened out and exited my shorts because the same time I entered Andrew was going long on one of the airlines. Long -0.15R Shorts +0.26R After reviewing, I ddin't trade as poorly as I thought. If I would have been patient with my TGT Long, my day would have been much better. I would not have taken the last TGT short or GILD short. I would have left for work with a green day, but I pressed today trying to get back to break even.
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Tuesday 6/9 +1.38R 2:1? 3/6 4:1? 2/6 BA.1 1MinOrbDown +0.13R 2:1? NO 4:1? NO BA.2 1MinOrbDown again +0.46R 2:1? NO 4:1? NO BA.3 BODown@Level +0.95R 2:1? YES 4:1? YES SE 5MinOrbUp -0.85R ROKU BOUp@Level +0.97R 2:1? YES 4:1? NO GRWG.1 5MinOrbDown +0.67R 2:1? NO 4:1? NO GRWG.2 Aiman Reversal (kind of) -0.07R 2:1 YES 4:1 YES Got cold feet on the 2nd trade, it was time to leave for work, so I exited near B/E SQ BODown@Level -1.0R It looks like I chased this trade, but it broke wicked up twice on the 1Min candle, then broke LOD, didn't have volume and momentum to break down though.
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Monday +1.4R 4/4 2:1? 2/4 4:1? 1/4 WMT 1MinOrbUp +0.37R 2:1? YES 4:1? NO For some reason I had my stop at bottom of first candle, I usually do it below VWAP. UBER 5MinOrbDown +0.14R 2:1? NO 4:1? NO Again a really wide stop, hmmmm. what was I thinking this AM? NVDA.1 Double Top +0.18R 2:1? NO 4:1? NO NVDA.2 BOUp@Level +0.76R 2:1? YES 4:1? YES Traded pretty sloppy today, I was fortunate to be green.
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This week 16/18 winners would have hit 2:1.....I'm thinking I really should do 2:1 all or nothing next week......if nothing else, at least I should do it for my 5MinOrbs, if I scalp my 1MinOrbs that's ok, but I should put the 2:1 order in on my 5MinOrbs.
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I had 5 margaritas with dinner toni9ght, so forgive me if is lur my words. Friday 3/4 +1.6R 2:1? 2/3 4:1? 0/3 RKT.1 Pre Market BS (BullShit) -0.35R RKT.2 Pre Market BS (BullShit) +0.35R I get bored during the pre-market, I think next week I'm goi8ng to workout during the pre-market show to keeop me occupired. 2:1? NO 4:1? NO AMAT 1MinOrbUp (I missed the one minute and ebntered on the 2Min) +1.1 R 2:1? YES 4:1? NO BIDU 5MinOrbDowbn +0.47R 2:1? YES 4:1? NO I tried shorting IQ twoce at 19.01, but it was on SSR, then I remebered BIDU was tied to the bad news so i switched over tho this stock for the 5 MinOrb. I feel good about today becauser I only traded two times after the open, I did a good job of not tring to fprgce a trade. Nothing on my watchlist gave me a good signal to enter. well done pupil;.
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yeah, I just did some quick figuring, and I think my Orbs this week would be +20R if I had implemented the 2:1, all or nothing.
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Welcome to the family. Colorado is beautiful, I have worked several summers in Loveland, CO. Taken my Jeep on several trails in that area. I love all of the western mountain states, currently working in South Dakota and Wyoming. Good luck with your journey here, and don't be afraid to ask any questions you might have. I also encourage you to attend the trade review sessions in the classroom on Tuesdays and Thursdays, Aiman is a technical genius and does a great job pointing out good and bad aspects of member trades.
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Thursday -0.68R, 3/7 2:1? 3/3 4:1? 1/3 MU.1 1MinOrbDown +0.35R 2:1? YES 4:1? NO MU.2 BODown@Level -1.2R MU.3 BODown@Level +1.5R 2:1? YES 4:1? YES NVAX 1MinOrbUp +1.1R 2:1? YES 4:1? NO NKLA 5MinOrbUp -1.0R I prefer to enter on the pullback of a 5MinOrb and closer to VWAP. Had I entered better I would have survived the pullbacks, this thing ran up $3 before lunch CSCO 5MinOrbDown -0.95R Looked good for 5MinOrbDown with ABCD on 1Min, just didn't work out DIS BOUP@Level -0.5R HOD break and PCL break, barely got stopped out before the move. Still didn't wait for 2:1 on any of my trades. All 3 winners would have made 2:1.
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Wednesday +0.41R 4/5 2:1? 3/4 4:1? 3/4 BOXL, SIM pre-market trade +0.88R MSFT 1MinOrbUp +0.15R I second guessed myself after entering because of that crazy wick on the 2nd candle. So I took a quick partial, then got stopped at B/E 2:1? YES 4:1? YES WFC 1MinOrbUp +0.23R I had a bias long because of sector rotation into banks yesterday, this is not my 1MinOrb setup, so again I realized this after entering and took a quick partial and stopped at B/E 2:1? NO 4:1? NO MGM 5MinOrbDown +0.16R My uncertainty from the first two entries stuck with me on this one. 2:1? YES 4:1? YES MRNA 5MinOrbDown +0.91R 2:1? YES 4:1? YES ROKU BOUp@Level -1.0R Not a setup I should be taking. I did do a great job not revenge trading this one. I wanted to short when it lost VWAP, then go long when it regained VWAP, then long near HOD, then short after double top. I kept telling myself, "Look at that shitty 5Min chart, there is NO TRADE HERE, MOVE ON" So I guess that is a big positive! My uncertainty continues to haunt me. 11/12 winners would have made 2:1 before hitting my stop, I don't know why this psychological hurdle is so difficult for me to conquer. Hell, 9/12 have hit 4:1 before hitting my stop. I think I'm going to put an order in at 2:1 tomorrow for 50% and see if that helps at all. I've even considered the 100% 2:1 or stop range order to help with this issue.
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Tuesday +1.63R, 3/4 2:1? 3/3 4:1? 2/3 DIS 1MinOrbUp +0.49 2:1? YES 4:1? YES I should have entered this again after test of VWAP for a 5MinOrb, but I was afraid to lose my profits from the first trade. I need to learn not to let an earlier trade affect my analysis of the next trade. The second trade would have been a clear 5MinOrb with smaller time frame ABCD. MGM 5MinOrbDown +1.1R 2:1? YES 4:1? YES CCL LightningBoltUp -1.1.R I should not have entered this trade until it broke through the 100sma and 200sma that were sitting right above VWAP. I even told myself twice if it got to .40 mark which was break even, I would get out. I didn't and it cost me an R. RCL 5MinOrbDown +1.1R 2:1? YES 4:1? NO When the above CCL trade failed, I saw it was a short, but the only cruiseline available for short with CMEG is RCL, so I switched to it and shorted. Decent entries again, but I didn't wait for 2:1 on anything. I need to unpack my stress balls. I'm in a new hotel and they are still in my bag.
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Need help in Stop Limit Order hotkey script
hailchaser2 replied to Ranajit Chatterjee's topic in Day Trading
You can do that with your current Kyle Hotkey if you have it set up for $10, you just have to click 0.10 below the current price. That would give your 100 shares. I would not suggest trading like that though, stops should be at a technical level based on the chart. The 0.10 stop might work on a break out strategy. When I started using Kyle's hotkeys, I started clicking close to price action to get more shares, which is what I believe you also want to do. After many stop outs in a matter of seconds, I realized the stop loss should be set at a level based on the chart, a moving average, vwap, loss of prior candle body or wick, something technical, not just a 10 or 20 cent stop. I am still a very new trader, maybe a more experienced trader can reply with their thoughts. I used to have .10 , .20 , .50 stop keys before I started using Kyle's, so there is a script for that somewhere in the forums. Maybe someone can find them for you. -
Monday +2.5R, 5/6 2:1? 5/5 4:1? 4/5 MCRB BO @ Level Pre Market +0.06R 2:1? YES 4:1? YES UAL 1MinOrbUp +1.06R 2:1? YES 4:1? YES MSFT.1 5MinOrbDopwn -0.64R This first entry was too far from VWAP, but I was afraid of missing the move. MSFT.2 5MinOrbDopwn +0.096R 2:1? YES 4:1? YES Good trade, but I got cold feet and exited with miniscule gain MSFT.3 5MinOrbDown +0.69R 2:1? YES 4:1? YES A bit of a revenge trade because after I exited the last trade, price dropped immediately so I shorted again. Because I knew this was not a solid entry, I partialed 50% quick. The trade ended up more than 10R, but I had taken off 50% before it even reached 1R. MGM 5MinorbDown or 5 Min Engulfing Crack, not sure which I should label it as +1.26R 2:1? YES 4:1? NO Traded ok today, still struggling on holding for the first partial, and not happy with how I traded MSFT. I was considering not trading 1MinOrbs this week, but when I reviewed my trades last week, my biggest problem was hesitating on 1MinOrbs, there were a few times I didn't take the trade when it looked good and it ran without me, so then I would try to force a 1MinOrb on a different stock on the 3rd or 4th candle. So I picked the stock from my watchlist that made the best looking 1min candle (No big wicks, nice sized body, closed above/below VWAP) and concentrated on an entry during the 2nd candle.
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Weekly review 1 Green Day 4 Red Days Very rough week, -3.89R 17/34=50% How Many Winners Made 2:1? 14/19 How Many Winners Made 4:1? 4/19
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Fri Max Loss -3.8R 1/6 2:1? 2/2 4:1? 1/2 I counted the UBER in 2:1, 4:1 that would have been a winner without hotkey mistake RKT No Strategy Pre-Market +0.1R 2:1? YES 4:1? YES JD 1MinOrbDown -0.91R Uber.1 5MinOrbDown -0.19R 2:1? YES 4:1? NO HotKey Error, I tried to take a partial and ended up adding to my position instead. Frustrating. Uber.2 5MinOrbDown -1.0R DDOG 5 MinOrbDown -1.0 DIS No Strategy -0.81R NO PIC
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Going from Sim to Live
hailchaser2 replied to Antonio Dimitrovski's topic in Day Trading Hardware, Software and Tools
I just found a great video Carlos did a few months ago about CMEG. here it is. https://bearbulltraders.com/lessons/cmeg-commissions-breakdown/ -
Going from Sim to Live
hailchaser2 replied to Antonio Dimitrovski's topic in Day Trading Hardware, Software and Tools
I trade $10 risk per trade with CMEG, so I pretty much pay .50 per click. CMEG has special rates for BBT members, commission rates at $0.004/share (0.50 minimum per trade), with an ECN fee of$0.0025/trade. You have to use this code when signing up BearBullCMEG2018. Two more things to consider, any time you fall below 25,000 you are subject to PDT rule, so you would actually need more than that to be safe with IB. CMEG short list is very thin compared to IB, everyday there are 2-5 stocks in the BBT watchlist that are not sortable with CMEG. -
August 12 - Robert Green - Green Trader Tax
hailchaser2 replied to Ryan W's topic in Success Webinar Questions
If we claim TTS now, will that status cover the first half of this year, or just from this point forward? Some off shore brokers don't give any official statements to users, could we still claim their fees as costs? -
Going from Sim to Live
hailchaser2 replied to Antonio Dimitrovski's topic in Day Trading Hardware, Software and Tools
I agree, I wish I would have started live with 3R risk per day, that is what I use now. -
Going from Sim to Live
hailchaser2 replied to Antonio Dimitrovski's topic in Day Trading Hardware, Software and Tools
Have you been tracking your trading just like a live account? I also "thought" I was doing well in sim, but I was not tracking anything, not my win %, not my strategies, not my daily and weekly "R"s, nothing. I bled my account for three months. I then went back to SIM for a full month and tracked everything like I should have been doing all along. I should have gone back to SIM after my terrible first two weeks, I didn't really have an edge at all. If you haven't been tracking your trading and you do still decide to go live, set hard stop daily limits with your broker. Trade with small size. If you do struggle the first week, don't be afraid to go back to SIM and track your trading to build your confidence back up. Also only trade a few setups, don't enter trades just because they look good. You may also want to mute the chat at the open, it can be very distracting. Good Luck, and don't be afraid to ask questions here or in the chatroom. -
Thursday -0.69R 6/9 How Many Winners Made 2:1 4/6 How Many Winner Made 4:1? 1/6 I had two winners today that should have been bigger, but I guess since I was in another trade my buying power was not enough to risk $10, so one risked $2.30 instead and another around $5.00 instead. ATVI 1MinOrbUp -1.16R I'm ok with this trade, I determined 87 as good level to go long if it tested it and couldn't break down in the premarket. It came down twice and tested VWAP, so I entered after the second test and break above big VPB bar, trade didn't work out. FSLY.1 1MinOrbUp +0.11R 2:1? NO 4:1? NO This was a bad trade, my stop was below VWAP, so R:R was way off. FSLY.2 5MinOrbDown +0.26R (should have been 1.06R, only took 2.30 risk instead of 10.00) 2:1? YES 4:1? NO DIS.1 5MinOrbDown -1.0R DIS.2 5MinOrbUp +0.25R 2:1? YES 4:1? NO DIS.3 BO Up @ Level Revenge Trade -0.44R MSFT LightningBoltUp +0.67R (Only risked 4.48 instead of 10.00, so should have been 1.4R instead) 2:1? YES 4:1? YES SQ BO Up @ Level HOD +0.13R 2:1? NO 4:1? NO DKNG BO Up@ Level HOD +0.55R 2:1? YES 4:1? NO This was a bad trade, way too extended from VWAP and 9 on 5Min. because of that I got cold feet and took half my position off after minute and a half. I had two bad trades today, but I thought I traded worse than that. Some bad timing with my buying power issues, cost me 1.4R. So this should have been a green day. I'm going to have to start checking available buying poser before entering a second trade I guess. I bought some hand exercise squeeze balls today so i can keep my hands busy while I wait for 2:1 partial.
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Wednesday 3/3 +4.7R How Many Made 2:1? 3/3 How Many Made 4:1? 2/3 JNJ Pre Market Breaking News +1.2R CNBC had breaking news about government money for vaccine going to JNJ, I quickly clicked over to the chart, tape started picking up speed, so I entered. I only risked $5, so it was really a 2.4R trade, but I didn't want to mess up my stats, so I just left the R as if I really risked $10 like all other trades. Would Have Made 2:!? YES Would Have Made 4:1? YES AMD 1MinOrbDown +0.36R Would Have Made 2:1? YES Would Have Made 4:1? NO DIS 5MinOrbUp +3.17R Would Have Made 2:1? YES Would Have Made 4:1? YES This DIS trade was my Member Trade of the Day entry (From this point forward MTOD for short), below is my marked up pic. I really thought I had a chance to win with this one....but I didn't. I still only succeeded in waiting for 2:1 one time today. But my overall trading was much better than Mon and Tue. I am going to start tracking if my winners reach 4:1 now that I know most of them will reach 2:1. Let's keep this momentum going.
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Tuesday -1.7R 5/10 How Many winners made 2:1? 2/5 Since I had bad trades pre-market yesterday, I traded in SIM pre-market today instead of Live Probably shouldn't have, because it was a Nice +1.78R, so that messed with my psychology before the open, because it was in sim and not live. PINS.1 1MinOrbDown -1.0R Crazy price action made a big wick above VWAp and stopped me out, price shot back down immediately PINS.2 Revenge 5MinOrbDown -1.0R BAD TRADE PINS.3 BOUp@Level +0.93R Would Have Made 2:1? NO ROKU 5MinOrbUp +0.23R Would Have Made 2:1? NO ROKU.2 chased a lightning bolt up -1.0R NFLX BOUp@Level +0.55R Would Have Made 2:1? YES NFLX.2 BOUp@Level HOD -0.73R NKLA BOUp@Level +0.2R Would Have Made 2:1? NO SQ.1 Lightning Bolt Up -0.4R Entered before the pattern materialized SQ.2 LightningBoltUp +0.47R Would Have made 2:1? YES Today was the first Morning back in the hotel in Gillette, hopefully I'll settle back into my hotel routine tomorrow, I felt out of it this morning. My goals the rest of the week, NO MORE PRE-MARKET TRADES, IF I LOSE ON MY FIRST 1MINORB I HAVE TO WAIT FOR 5MIN CANDLE TO FORM TO TRADE AGAIN, ON MY 5MINORBS WAIT FOR 2:1 BEFORE TAKING FIRST PARTIAL UNLESS THERE IS A DISTINCT LEVEL MARKED BETWEEN 1:1 AND 2:1 I'm in a bit of a slump right now, these goals for the week should help get some confidence back.
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Monday -2.3R Max Loss 2/7 Winner Would Have Made 2:1? 3/3 I made 3 pre-market trades on MSFT, I shouldn't do this. -1.8R before the bell. BA Would Have Made 2:1? YES ROKU Missing Pic, will update later -0.79R RCL Would Have Made 2:1? YES PINS, exited early, Would Have Made 2:1? YES
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Friday LIVE 5/10 Max Loss -1.7R Winners would have made 2:1? 4/5 ROKU Would Have Made 2:1? YES FB Would Have Made 2:1? YES PINS Would Have Made 2:1? YES UPS Would Have Made 2:1? YES BA Would Have Made 2:1? NO