hailchaser2

One problem I was having with my Kyle hotkey stops, I would put a stop close to price action so I could get more shares. This doesn’t work, stops should be put at technical levels only. Being more realistic with where I put my stops has also helped me stay out of trades that I shouldn’t be in anyway. If I look at where the technical stop should be, and the R:R ends up being less than 2:1, then I pass on the trade or wait for a pullback to get a better entry. Are you able to attend the trade recaps with Aiman on Tuesdays and Thursdays in the classroom, I used to only share my good trades, but I realized my learning would be much faster if I shared my bad trades. Aiman does a great job, I try to make sure I’m in every review, I learn just as much from the other traders’ trades as mine.

Yeah, I think? I have very little knowledge about computers and how they work.

Looks like 500GB.

should I do the SSD change while I have it open?

Thanks, Occasionally my Tape and L2 stutter right at 9:30. I don't trade in the first minute anyway. I only use this laptop for trading, so I email screen caps to myself, go to bearbulltraders site, and my CMEG account, I also use it for my trading excel sheets. I have a Lenevo ideapad330, after reading your comment, I did a little research. Looks , like it only has 4 GB RAM, but is capable of using 12 GB RAM. Evidently there is a slot to just add more RAM. So I guess I will get the extra 8 GB and watch some youtube videos on how to do it. Thanks again.

I'm using a basic laptop for trading, connected to a monitor for extra space. I don't know very much about computers. I'm afraid if I start trying to record my screen with OBS or the DAS recorder, it will be too much for my laptop. I'll give it a try tomorrow in SIM so if it does mess up my order speeds it won't hurt my account. Or am I worrying about something that won't even effect my entry execution speed?

ZM is difficult to trade, very fast moves and big spreads. Like Peter said above, it would be better to wait for a pullback. Also you have two possible resistance lines on your chart where you entered short. I made this mistake a lot. Aiman always says in trade review class. Don’t short at the support. Previous Day Close and the other red line there make that price level a possible support level. Thanks for sharing.

Replies on Twitter educated me about tracking Sharpe, so I just finished making a new spreadsheet that calculates my Sharpe and R:R So last weeks numbers are as followed R:R=18.14 Accuracy=71% Sharpe=2.17 Next week, stay humble and be disciplined.

After reviewing that MU trade some more, it looks like a reverse ABCD on the 5. The MAs on the five were all still in a downward trend also. I need to remember to give more weight to the longer time frame and not just how the 1 minute looks.

So this morning I had some anxiety because all four days this week have been green, and most of them 3R, I was afraid I would have a red day today and mess up my green run. I posted my concerns in chatroom in off topic. Had people comment that if my trades this week were good just keep doing the same thing, and trust my process. That helped settle down my nerves. Ended up +2.4R for the day. My first trade was a loss, that used to put me in a mental state that caused me to make bad entries, revenge trade, etc. I didn't even need to calm myself, I took a good entry on a 5Min Engulfing pattern and it just failed. I didn't do anything wrong as far as I can tell. Thanks to Scooby Doo, Tradecraft Trader, pilotfish, kharp83 for chatting with me in the pre market about my anxiety. BBTFamily Trade 1 Roku made an engulfing 5 Minute on the second candle, I entered and put my stop below VWAP, it failed. Trade 2 I continued watching the stock and found a BO down to short. Almost 3R trade. Trade 3 CCL BO above VWAP. MU trade 4 Tried another BO above MA VWAP, SPY looked like it was going to run up. 1Min also looked like it was curving up. TSLA trade 4, I tried to enter once at VWAP, the order didn't go through because I entered a millisecond too late, the price shot up a dollar so my hotkey couldn't figure $10 because my position would have been less than 1 share. I then moved my stop up and got one share. Got scared during consolidation above VWAP, so I moved my stop up so I would only lose 2-3 bucks if it fell. If I would have kept my stop in place I would have been a part of the big run up 15 minutes later. Final trade, ROKU a break above VWAP. On my last partial I moved my stop up like normal, it was a small position but if I would have kept BE stop in place I would have not been stopped and had another run up. I hope this week was a breakthrough. My trading has improved greatly. My dumb mistakes are far and few between now, I don't let losing trades effect the rest of my day.

Drop a pic of your screen setup in the comments. Here's mine. Screen one on my laptop. I cover my unrealized up so I'm not trading my P&L, it would distract me when I could see it going up and down. I have four charts up with stocks on my watch list. Orders screen always visible, I'm constantly checking to make sure my orders are correct. This is much easier now that DAS has the price marker on the charts, but I still find myself looking in my orders window. Once the pre market is over I make my watch list box skinnier so it isn't covering up the two left charts. \ Screen two is on my monitor. 1,5,15,Day charts. The DJIA and SPY are the two charts behind the L2. I also added a second time and sales for big orders like Thor taught us last night.

I was messing around in sim the last hour or so, I restarted my trading platform and forgot to switch back to sim again. Luckily the trade worked, I partialed fast because I didn't want to lose my 3R day.

Since we weren't close to circuit breaker this AM, put risk back up to $20. +3R only doing two trades. 5 days green in a row. Now I need to keep doing the same thing each day, and not get too overconfident After my recent success, I am feeling a bit relieved. when I was hitting max loss each day, and having a red streak of 11 days or so. It was stressful, disappointing, frustrating, depressing, and any other bad emotion you can think of. But, the only way to get through those tough times, is keep at it, grind away and make improvements, get serious about discipline. Thanks for all the support BBT, couldn't be doing this without all of you. UBER dipped below VWAP, then came back up and held, I entered long when the fifth candle broke the prior candle. Put my stop below prior candle low. Partialed at top of prior top "B". Very fun trade. As my last single share was running in UBER, I started looking for one more opportunity. ROKU had tried a few times to sell off, buit kept closing on 5 min above VWAP. When it broke HOD, 1MIN OR, and 5 MIN OR I went long. Not only did all 3 of those strategies line up at the same price, but it was at a half dollar point, and the L2 looked good for a pop up. Another good trade and got me to my goal of 3R, shut it down for the day so I don't lose my gains, I made that mistake several times my first month live, DON'T LET GREED ERASE YOUR HARD WORK OF REACHING DAILY GOAL. When my account balance gets back up to 3100, I'm going to switch to $30, when it gets to 4100, $40, etc. Thanks Again Community

With a market halt possible at the open this AM, I decided to go back down to $10 risk instead of $20. Today was a bit of a grind compared to the past couple days. I was still able to get to +4.6R. So I am on a green streak of 4 days, and target of 3R for 3 days. Last night I also signed up for Chartlog trial, I was already using the free service. Once I put in strategies, and started labeling all of my past trades. It became very clear that "No Strategy" has been my biggest problem so far. I was constantly entering chop looking for breakdown/ups or reversals back up to vwap. I really think I'm going to buy the year service, it makes reviewing strategies so simple, it should be a great tool moving forward. 3 Stabs at AAPL today, 1MInOrb, then ABCD, then ABCD 5min. all three tries one partial and stopped out at BE. JD ran up and was extended from VWAP and MAs on 5 min. I started looking for a pullback. It formed a 1 min doji just above PMH and whole number. when it broke the doji bottom and whole number I shorted to ride the pullback. I thought about flipping position once it started making the ABCD at VWAP, but figured I would just stay in the trade and let the last little bit ride it out to BE. The ABCD did end up following through, but I'm ok missing out on it. CCL, thought we were getting reverse back to VWAP. Second try I caught one partial ROKU, I entered this move too soon, sometimes I am afraid I'm going to miss the move, this was one of those times that my FOMO was stronger than my patience. Fortunately, it never broke back above VWAP, I even added when it started moving up. This ended up being a classic Peter Lighning Bolt Down. BA1 thought we were getting a VWAP bounce, went long when it cleared the MAs on one minute. It failed. Later went back to BA, I watched it closely for a good time before entering. L2 convinced me this thing had a good chance to run down. Best R trade of the day for me. It was nice to know I can have a BE open, then find profitable trades after to get to my goal. Before I would be hopping in and out of trades without analyzing them enough. I really owe Aiman. Norm, Peter, Mike B and Thor a big thanks for always being happy to answer questions when it's their mic time in chat. Their knowledge has really helped me get past my early struggles. I know the struggles aren't anywhere near over, but I feel like I'm headed in the right direction now.

Since we weren't around a halt level at the open, I moved my risk back up to $20. Finished +2.99R on the day. Technically 3/3 on trades, but 2 of them were very small because only 1 or 2 partials then stopped at BE. The trade that got me to goal was ROKU. I went long when it crossed VWAP and whole number $60. Stop of 0.32 on ROKU isn't very much room, I got lucky it shot up once it passed through VWAP, but L2 was looking solid for the pop.

That is a nice milestone, congratulations. I can't wait until I get back there. I think it will take me longer. My first month drawdown was very large. Now just keep protecting that equity and expand it when the markets makes it available! Nice Work.

Started the week off great, +4.3R. It's so much more satisfying to be trading in SIM because I hit my daily target instead of hitting my daily max loss. I used $10 risk today because of market craziness.

Yesterday's Takeaways : Don't trade pre-market, don't move stop, also stop putting initial stop in areas to get more shares with dynamic hotkey, put the stops where the chart says the stop should be! I handled 1 and 2 easily, and for the most part 3 as well, but a couple times after I entered I realized that I didn't have the stop in the appropriate place, but by then it's too late, I cant move the stop to the proper place or it would completely change my risk $ for that trade. This will be my main focus next week, double check stop level before entering and double check R:R. I dropped back down to $10 risk today from $20, not because I believe the higher risk messed up my trading, but because I didn't like the crazy action this morning. Today I ended up +3.4R, but that will be a break even after commissions/fees, I traded too many tickets and tickers today. The SPY rally at the end of the day is what brought me positive. I used to trade the last 30 minutes all the time in SIM, but haven't done it all that much in the live account. I'm usually picking my daughter up from school.

Another max loss day, I'm not making the same mistakes I was making in my first few weeks, now I'm making completely different ones, ones thatI never even made in SIM. Reflect, Regroup, Restart, fresh day tomorrow with new lessons learned from today's session. Don't trade pre-market, don't move stop, also stop putting initial stop in areas to get more shares with dynamic hotkey, put the stops where the chart says the stop should be!

Max loss by 9:05 AM. I upped my risk from $10 to $20 today. I don't think it effected my decision making, but it stopped me out faster than normal. The biggest mistake I believe I made today was trading TSLA, I was tempted by the enormous upside of that stock. PDD Maybe I should not have entered this trade because it was above most of the moving averages, What are your thoughts? OXY Trade one, maybe I should stay away from entering when wicks are really extended? Trade two, waited for confirmation of ABCD, but it didn't follow through. Any feedback on this one?AAL TSLA

Today went well, ended up 4.7R. I had a couple of trades that I flipped from original entry. I was very tempted to keep trading in the afternoon, I mentioned it to Mike B and he said I was making the right call to stop, thanks for being in the chat Mike! Yesterday I gave my entire days profit away because of trading past my daily target. Once I am more seasoned, I may implement a different variation that gives me flexibility. Maybe keep trading, but don't lose more than 10% of morning gains, but I'm not disciplined enough to do that now. I also made a change on my screen today, I like L2 just as much as Thor, I found I was constantly scrolling down to see what the L2 looked like further from the price action. I extended my montage down so I can see all of the L2 without having to scroll. It only covers up my DJIA and SPY charts on the left side. I am feeling more confident in my trading abilities/psychology, I was very beat up from the first 3 1/2 weeks. The past 4 days I've traded well for 3 of them, and the one day I didn't, I only failed because I kept trading after I reached target (Yesterday). What do you do to keep from getting over confident? I want this trend of good trading to continue, and I feel like it will, but if anyone has been through this before, I would prefer to learn from your mistake instead of making the same ones you did. So any feedback is welcomed. Thanks.

This was an up and down day, I started the day well. The biggest mistake I hade is that I was up 3.1R...…..I'm supposed to switch to sim once I get 3R. I didn't. slowly gave it back, then went up and down for a while. Because I was angry at myself for giving my 3R back, I started over trading and trying to make reversals happen, my two most common mistakes from my first 4 weeks live. Ended -2.2R for the day, with commissions included, it triggered my $60 max loss. I can't believe I ignored my rule to stop at 3R, I will learn from this mistake. Had too many trades to recap all of them My first trade, could have finished 3.8R if I wouldn't have entered more trades while I was slowly partialing this one. Later a decent short, stop was above HOD. I have made this mistake a few times now, I click the stop loss too close to price action because I'm trying to get a larger share size and still keep my $10 risk. It never works out, I'm always stopped out within seconds. I need to remember this moving forward. My later trade was much better even though it took me two attempts. Stock tried to move above VWAP twice and failed. Here is where I started to try and make CCL reverse. one partial and stop out 3 different one partial and stopped out trades on JPM. Overtrading. One partial and stop out Short, stopped out, then second try, two partials and stopped out. Long stopped out, then long again. a good short, then just terrible over trading with no setups. More overtrading 2 more tries at forcing a reversal. I need to be more disciplined the rest of the week, today I had "One Good Trade" and ruined it with my greediness.

Hi all, I have tried a few times to turn Benzinga guy on while in the Chatroom, it always opens a new page, and silences the chat. Am I doing something wrong? You guys have both playing sound at the same time right? I’m using Safari. Thanks

@Mark D. good idea, thanks. After showing this to Peter Friday afternoon in chat, he pointed out that on the JPM trade I could have left my stop at BE longer instead of moving it to the 20EMA so soon, the trade was only 10 minutes long.

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