hailchaser2

Went back and took a screen shot of the 2Min, and it did look good. Then bounced right off that daily level. I am trading on just a laptop right now so my charts are limited, I had to cut the 2Min, can't wait to get back to my normal setup with extra screen. Maybe I will start using 1 and 2 min at the open, because the 5 min chart isn't really needed the first few minutes, then switch after first 5 mins. Also, thanks for checking in, sometimes I think I am the only one reading my journal, LOL.

Tuesday SIM +2.4R Not really a 1MinOrbDown, kind of a combination of that and Rising devil. 1st candle wasn't red and didn't close below VWAP, but stock still seemed weak once it failed to hold above 100SMA then also lost VWAP on the 2nd candle. I shorted with stop above VWAP. WFC, 2 shorts, 1st trade, met most of my criteria, but I didn't wait for price to break first candle because I like entering as close to VWAP as possible. Second trade was a bit more sloppy but it worked out. CAT, 1st trade was long LightningBoltUp, maybe the pullback was a little too slow to be considered a true lightning bolt. when it failed and started picking up volume when it lost VWAP I flipped and went short. I might need to review some Orb videos, I always struggle waiting to break the first candle body, I thought that is when we are supposed to enter, the break of body, but I prefer to get tight stops near VWAP, since my risk is a fixed dollar amount, the closer my stop the more shares I get with my HotKeys.

Back from our short adult vacation. SIM again, +2.4R for the day. chased NCLH at the open. should have waited for the pullback to enter, but I had FOMO once the price broke through the TinFoilHat line (green dashed line). This trade did not meet my Orb criteria. AMD, also did not meet my Orb criteria. This was a play with SPY selloff, since AMD had just failed to stay above PMH (red dotted line) and SPY tanked fast, I guessed AMD would follow. 5MinOrbUp on SAVE, don't remember if I chased this a bit or if it was just a bad fill. This met most of my 5Min criteria, but was not above 5Min MAs. MGM, HOD BO, not one of my current playbook trades. AZN, impulse trade. TSLA VWAP held as support. I guess this could be considered a 5MinOrbUp, with 1 min ABCD. but I was not looking at it as a 5MinOrb, I was just looking at VWAP bounce back up. TSLA, double top, when it failed I went ahead and exited before the original stop. Most of today's trades were not the setups I am supposed to be concentrating on and taking. But it felt good to be back to the markets after a few days off.

SIM Tuesday +0.7R , overtraded a couple tickers. LUV 1MinOrbDown, got one partial, Then later it double topped MA cross broke below VWAP and broke bottom of first 5min candle body. shorted with tight stop above prior three candle tops. MGM 1MinOrbDown, bad trade because the first 3 candles were too large. M 5MinOrbUp above VWAP and MAs, I had a late entry so couldn't get partial at HOD like I could have with better entry near VWAP. Then I shorted it below VWAP and got one partial. DKNG, BO above PMH, this is not one of my playbook trades. BYND, just a regular reversal, also not in my playbook TSLA LightningBoltUp, one partial M again, double bottom, it couldn't get the volume increase and failed. Ended the day over trading LUV, tried long break of PMH 38.00, stopped out for loss, tried again and was stopped out again, then one more try worked out. The better trade would have been after the doji formed just above VWAP when it broke that MA on the next candle. Stop could have been loss of VWAP. Now I am off to start packing for my Cancun trip, we leave at 6 AM tomorrow. so I doubt I will be trading the rest of the week.

Monday SIM -1.9R WORK, I went long on 2nd candle, bad trader, didn't meet any of my criteria. Then I had a hotkey mistake 6th candle and bought 500 shares and sold them immediately. Then I shorted on 7th candle and used too tight of a stop. Then I shorted again, L2 was stacked on the bid side. This trade ended up 3R. WFC didn't meet criteria either, also had hotkey or internet issues with this one, I tried to partial near the top of that red candle because it was nearing the MA. I traded this as a double bottom on MU, my criteria for double bottoms needs some work. If anyone would like to share what their criteria on double bottoms is I would appreciate it. Maybe this one failed because the candle leading to the 2nd bottom was an engulfing red, idk. OXY passed VWAP and consolidated for a few minutes, small winner. CUK, at the time I thought this was a lightning bolt down, but it wasn't it did not pass below and re-test VWAP. (CUK was my only shortable cruiseline today with CMEG) Today was poor trading, my open setups didn't materialize, and I made trades anyway. I will do better tomorrow.

Didn't get a chance to grab screen shots yesterday, but I have Tradervue captures. SIM again. +2R for the day. ROKU tried to push higher and failed in the first minute, once it lost VWAP I shorted for a break down. Good trade. Kind of 1MinOrbDown, but didn't actually meet all of my criteria from my Playbook. PK, I think I tried to play BO above PMH, but without my DAS chart I can't tell for sure. Not a trade from my Playbook, so I actually exited well before my original stop below VWAP. Once BA failed to do a 5MinOrbDown and broke through VWAP, I went long. Not a trade from my Playbook. It feels good to be in SIM, I am much more relaxed and focused. I have not looked at my PnL until after I finished trading for the morning. EDIT: forgot I did take one screen shot during trading, realized it when I was moving pics to folder, I tried shorting PLAY after the 6th candle formed a DOJI just under VWAP. This would have been at least a 3R trade, probably more. CMEGs short list is very frustrating at times. During this entire travel industry volatility they haven't had shares of cruise lines or airlines. BA is usually not shortable. Even AMD has not had shares for short much the past few months.

Back to SIM, my regular account is locked out due to low balance. I also cleaned my charts up a bit after listening to one of DR Reid's mastermind episodes in the psychology center. Removed 9,20,50 MAs, added 100SMA and kept 200 SMA. Switched to colored slope for those two MAs, changed VWAP color. Removed RSI from volume area. Added 9,20 pair cross, but made the lines white so they don't really show up. but the arrows for the crosses will still be visible. +0.5R Tried BO once it passed PMH, failed, then took a 5MinOrbUp. AAL 1MinOrbUp Phone trades, ROKU short failed then long into close. Neither one of these trades was a setup I should be trading right now. It's strange that I am actually relieved that my live account was locked, the pressure I felt to get back the money I have lost this year is gone now. I can now work on my edge in SIM like I should have done more before going live. I just traded in SIM earlier without a real journal or tracking software like Tradervue and Chartlog. Now I am going to trade in SIM as serious as a live account. Hopefully my consistency will be good enough by the end of this hail season (Oct,Nov) to add $ to my account and give LIVE trading another shot.

-0.1R today. Didn't trade well.

Very poor performance today, -0.5R, but I traded much worse than that. At the open, I traded Orbs that I knew didn't fit my criteria, but I entered anyway. Then I revenge traded a couple tickers later in the day. I made some notecards with my criteria listed, but I don't look at them, I'm going to make several up tonight with checkboxes next to them, and moving forward. I have to physically check the box before entering. i'm not sure how else to keep myself from entering these marginal trades that don't meet my criteria. Didn't even wait one minute on this NCLH

I am able to trade in SIM, still, and I found out on accident later in the day that I can still trade live, it's just no margin. SPCE, when second candle moved through all MAs and VWAP, I went long with stop just below VWAP, one partial and stopped at BE. PFE, I thought when this failed to hold PML and VWAP it was a good short opportunity, it didn't work. I tried another short around 9:50 thinking VWAP would be resistance. AAL 5MinOrbUP. 1st candle touched 200SMA on the 5 min, and bought up all the way back to VWAP, went long above all MAs. worked out well. The rest of these trades were live on my phone, once I made a trade and realized it was my live account and not my SIM account, I got pulled right back in to the temptation of making money back. I have a serious psychological problem that is keeping me from staying in SIM. My goal the rest of this week is to only trade in SIM, I need to prove to myself that I'm not addicted to trading live. I enjoy the data entry of journaling and studying my charts and trades even if it is SIM, so I am not sure why I can't just enjoy that aspect of trading and stay in SIM. I guess it's the GREED of wanting to start making money back that I have lost the past 4 months. But I know that is not how this works. I have to become consistent at trading well before money even has a chance to start coming back to me.

Well, I needed to make about $60 today, and I failed. Traded the open on my laptop ok, then the rest of the day I was getting into trades just to try and get to that mark. Guess I will find out Monday if I can still trade in the demo with CMEG or not. My account will be below $500. I have already started planning on how to move forward. I'm going to make some goals that I have to reach in SIM before going live again. I'm not sure on the exact numbers and criteria yet, but it will be something like this, four weeks of only trading Orbs, Double tops and Double bottoms and Lightning bolts. I will set an accuracy goal also, somewhere between 60-80, also four consecutive weeks green. I'll think about I some more and look for ideas in the forums. $4500 gone because I was too stubborn to take the time needed in SIM. $2070 in trade losses, the rest in fees I did start improving in May, only lost about $240 in trades, and had 12 out of 20 days green. my trades at the open

+3.3R Day. good patient start at the open. waited for good setups. BA, 5MinOrbDown that met all of my criteria. I tried an add after doji at MA didn't work. my adds need some work, or maybe even just forget about them right now, my accuracy on them isn't good JPM, long above VWAP, and quickly exited. then shorted at failure to hold VWAP. Another failed add. Then a long and stop out loss. JPM Later lightning bolt up MSFT, looked for reversal with very small risk at HOD break MSFT Double top and an add JPM again, loss of VWAP short Decent day , but I needed to make more. Now I believe I need to make $80 tomorrow or my CMEG account will dip below $500 once they take my DAS fees out this weekend. I think they lock the account once it goes under $500 until you deposit more money. Hopefully I can still use the SIM part of the platform.

-2R today, overtraded again. BA 5 trades at the open, 1 long stopped out, 2 short stopped out, 3 long stopped out, 4 short Partials and stop at BE,, 5 Short, partials and stop at BE. JPM, good trade The rest of the trades were phone trades Long double bottom, then added at BO above whole dollar. terrible place to add, but on my phone it was above VWAP. not below it. TWTR Long Double Bottom I went bonkers on SAVE for some unknown reason JPM Long, again, VWAP shows different on phone 2 shorts on BA, bad trades, no setup at all Took end of day short for Peter on MSFT. Just watched the great mindfulness webinar with Neda, I feel like that is what my trading lacks the most. I watched so many recaps, and videos on the technical aspects of trading. I know what to look for in my setups. But I lose control and trade on emotions. I am not mindful of the moment or my actions. I'm going to work on my "mindful muscle" daily like she suggested. I'm also going to listen to some mindfulness books on audible. Thanks Andrew

Over Traded My way max loss today. It was a completely different type of over trading, usually I revenge trade the same stocks when I over trade, today I traded a lot of different stocks. All phone trades, I'm going to have to stop trading on my phone at the open, I don't have my necessary indicators on my phone charts for the open. My phone is ok for double tops, and bottoms, but not Orbs. I need all of the MAs and levels my regular charts have. My account is also close to going under the minimum for CMEG, that's very disappointing. CCL 5MinOrbUp: Premarket high was right above my entry, but PMH isn't on my phone chart. BA 5MinOrbDown, again, levels near my entry ROKU, broke LOD, didn't get any continuation Followed Andrew, and got cold feet when it didn't break, it did a couple minutes later. MRNA I thought a double bottom had formed, lack of volume should have kept me out of this trade JD Long, then Short after MA cross LUV Lightning bolt down WFC, thought it was due for pullback, entered short on MA cross SAVE double top MA cross, late entry though Thought a double bottom formed on NVAX, this was in a complete downtrend all day, not enough signs to get in for a reversal.

+1.6R, 3 trades, all phone trades again. JD 5MinOrbDown, I should not have taken this trade, it was too far extended from VWAP and MAs BA DoubleBottom MA cross. NVDA, bad screen pic, this was a DoubleTop MA cross. I put a trailing stop in on my last piece since I was working, because of that I missed another big leg down. Messed around in SIM a few times in the afternoon, I believe that keeps me from overtrading in my Live account when I am green for the day.

+0.98R. All phone trades today. I was at a new body shop and couldn't get on my laptop in my Jeep like normal for the open. BA, 5MinOrbUp: Good entry after doji touching MA. Met all of my criteria. My mistake was partialing too quick. I do believe if I were on my laptop, I wouldn't have made that mistake. DIS: 5MinOrbUP. This trade was missing two of my criteria, 1st 5mincandle was not white, and next level up was not 3:1, PCL was just above my entry, but that line is not on my phone charts. AZN, I believe I only took this trade because some in the chat were talking about it. DIS, Sloppy double bottom, but I took a bad screen shot. TJX-1 Lightning Bolt Up TJX-2 I got pissed off because I was in the prior long for almost an hour waiting for the break, when I decided to take small profit and exit, it broke up 6 minutes later, so I revenge traded it short. TJX-3 double top short Two trades at the close, Long stopped out, then short. These weren't setups of any kind.

Only two trades today, +2.8R. TGT at the open went above VWAP and MAs but failed to stay above, I shorted for a 1MinOrbDown after it passed below VWAP with stop above VWAP. Great partials, then I tried a Thor Add when stock appeared to be rejecting VWAP. It failed to continue down, and if I had just left my normal BE stop in place, this stock never made it that high again, and sold off to 119. I still think it was a good add, I'll ask Thor about it on Twitter. Took a SIM trade on my phone later, LYV had broke a level that it had drastic bounces from two times earlier in the day. But the follow through didn't happen. Shorted MSFT at the end of the day, got cold feet and bailed even though it was only 5 shares and total risk 2.50 on the trade.

Max Loss Day. I went in guns blazing for some reason. I let my pre market bias control me. I had made my mind up on trades before the market even opened, I then made my long trades even though all the indicators said short was the play.

Monday I watched UBER sell off after the first 1 minute candle. entered long when it made it back above VWAP MU, bad entry. It eventually fell, and I even added at a good spot after a couple partials. Phone trades last hour. Shorted first, it looked good, but couldn't break the whole number so I ended up stopping out for a loss. Then changed to a long once it passed VWAP. The two longs in the middle were not intentional adds, I was trying to move stop back down to break even, but I hit the wrong key....TWICE! That ended up bringing my BE just below the current price action. Took one more long last 5 minutes. +1.2R, but commissions, made that a net ZERO day.

Friday, ended the week good with a +2.5R day. JD tried pushing down, I played it long after not being able to make it down that low. MU looked to be holding above the 200SMA so I went long, got stopped out. I entered long again when it couldn't lose VWAP. This was just a BO trade that Aiman called out in chat. I think I saw this on one of the scanners, this was not any type of setup, and I shouldn't have entered. I think the VWAP on my phone was below my entry not above like this pic shows, Happy that I was green 3/5 days, but I need to stop having max loss red days. I never stop when I'm down 20 or 30, I keep trading until I hit my max loss of 60.

Thursday Max Loss Open, 3 long attempts above VWAP on MSFT, I immediately flipped to short when it lost VWAP and the MAs. The longs were 5MinOrbs, it was not above the MAs like my criteria require. AMD 5MinOrbUp, again, the MA was above price action, this time it was the 200SMA. AMD later Phone Trade. Long stopped out, Long partial, then I made an order error and I ended up short somehow and then got out. Phone trade. JD I guess I thought this was a double top, but I had a daily goal marked just below my entry. Not sure why I got in this trade Phone Trade MSFT, two longs Phone trade, I guess I entered my stop order wrong, because of that error I missed a nice move down.

Bad day, Max Loss Again. I did another good job with patience at the open. I waited for 10 minutes before my first entry. Z: This trade met my criteria for a 5 min orb up, I'm good with this entry, but I should have kept watching for a few minutes, because my idea ended up working,\. I could have entered again 4 candles later. That entry also had a volume spike for confirmation that my first entry didn't have. JD: 5minOrb down, this trade met some of my criteria, I should not have taken this trade. It was above the MAs instead of below them. I also don't know why my 200SMA is a light blue dash line, it's supposed to be a thick dark blue line. If I had realized this I probably wouldn't have entered. I should have stopped after these two losses, I forgot a few days ago in my journal that I said I was going to stop after losing $20, the rest of my trades were on my phone. I should probably stop trading on my phone later in the day. The charts are all different looking. Several revenge trades on JD, not my setups. Emotional trading. Ugggg Last JD trade, Lightning bolt that I entered too soon, didn't wait for the re-test of VWAP, and look at how well the trade worked after the re-test. A couple stabs at reversals, but these weren't double bottoms, I should have stayed away from these trades. Tomorrow will be better.

Today I did a great job at the open, not only did I honor my no trading first 5 minute rule, but I waited another full 5 minutes before entering a trade. I did not try to force a 5MinOrb, that's a pretty big accomplishment for me, I would usually talk myself into a trade, but nothing met my Orb criteria. Then after that 2nd 5 minute candle finished, I jumped into a trade that isn't part of my current strategies. NVAX formed an engulfing crack on the 5 minute chart, I know this is a valid strategy, but it's not one that I am focusing on at the moment. I also entered late. BA was a double bottom trade, the double bottom wasn't that clean, it actually did more of a triple bottom. I don't have a criteria checklist for my doubles the same way I do for Orbs. So I'm going to work on that now. This was a phone trade at the end of the day. None of these are part of my current strategies. I was guessing AMD would reverse at the close because it was so far from VWAP. It wasn't given me any signs of a reversal, it was all in my head, so I tried two longs and got stopped out. Then switched to a short, and added to my short. I am not happy about these trades, I still ended a little green, but this could have very easily turned my day red. See you in the chat in the AM!

One trade today, 5MinOrbDown on BA. I've decided to try making an adjustment in my daily goal. It's not going to be a dollar amount or a R,2R,3R etc. I've decided that I need some confidence. So my only daily goal for now is to be green for the day. I don't care if it's $5 or $100 or .5R or 5R. If I can keep concentrating on my ORB, Double top/bottom, lightning bolt patterns only, the profits should follow. Another thing I started a couple weeks ago was starting an Orb spreadsheet to track my progress and success. Tonight I added colors to the spreadsheet and did some reflecting. I think it helps me to see that when I follow all of my criteria, I have an 80% win rate, when I don't follow them, it's a 33% win rate. I'm hoping that seeing this in the spreadsheet will help me in the future, I will be more likely to check my criteria before entering if I know that not checking it will lead to poor trades. 1MinOrbUp: Follow Criteria 0/1: Didn't follow 2/4 . 1MinOrbDown: Follow criteria 2/2: Didn't follow 0/1 5MinOrbUp: Follow Criteria 1/1: Didn't Follow 3/5 5MinOrbDown: Follow Criteria 5/6: Didn't Follow 0/5 Total Orb: Follow Criteria 8/10: Didn't Follow 5/15 I need to make one of these sheets for double bottom/tops, and lightning bolt. Did anyone write down Peter's lightning bolt criteria during the presentation? I might have taken a pic with my phone, I will have to check later.

1.1R day I did a good job yesterday, I stuck to my plan I lined out in Thursday's journal, no trades first 5, only Orbs and Doubles. BA was holding above VWAP and MAs, L2 looked good for BO. I tried an add, I thought the PMH level would act as support along with my Daily level at 134.51. Stopped out at new BE price. Looking at the chart now it looks like the 9EMA was curling down when I added, so it was probably not the best idea. I need to watch some more Thor recaps before trying adds on a regular basis, that's two times I tried adds this week and both failed. I missed indicators that would have shown it wasn't the correct time to add. This DIS trade wasn't a good entry. It was too far extended from the MAs. I cant remember if the might have been an L2 scalp or not. I did get one partial before stopping out at BE. I also had a phone trade that I forgot to get a picture of. I traded this double bottom on NCLH. My entry was a bit late (11.06:42, $12.28), I did get one partial and stop BE. As I am entering my TraderVue Journal I just realized my DIS trade did not fall into my plan setups for the day, oops. Next week I'm working at a new body shop in a different town, I'm not sure if I will have good enough internet to trade. If not, I'll still be hanging out in the chat with all of you. I also started the new Mastermind Pro lessons in the Psychology section, the first 5 minutes blew me away, it was like he was talking about me, so I feel a lot better about my journey. It seems like what I am going through is very normal. Cant wait to work my way through phase 4 and come out on the other side mentally strong enough to make this a" full time" career.