MarkCB

Good morning Everybody Today I did not take too serious. I probably should have as I am learning but oh well, lesson learned, don't be lazy. Would I have been lazy if it involved real money, not sure. Knowing it was a half day made me a little, half ass ish. I just want to shop today...lol Well I did take 3 serious trades and then I played around with my new hot keys. CGC I thought I saw a falling angel but I was wrong. Went long but the stock just kept going lower and I thought it was going to go higher. I should have stop out way sooner. I need to study these falling angel/rising devils some more. I never really know where to put my limit order and where to put my stop loss. I mean technically it should go at my max risk or lower right? CLVS Took the stock long after I noticed a hammer doji being formed on the 5 min chart. It was above the VWAP. Went long with my stop loss below the VWAP, at that 20 MA. The spread wasn't bad so it allowed me to do that. Got a little trigger happy and scaled out too soon. I did start using 10% scale as mentioned in my previous post. I gotta say, I like it! Eventually got stopped out at the BE. ROKU Went long but again, I was too stretched from VWAP and was above my max risk. I could've stayed in and made some money on that wick but I pulled out immediately. I really need to not have FOMO and not get into these stupid trades. At this point I just wanted to play around with my new hot keys. I saw an opportunity to go long on the 1 min chart. I started to scale out with my new hot key. But again, I should have gone out sooner at the BE. After that, I just played around. You can see that nothing makes sense afterwards. Have a good weekend everybody and any feedback is greatly appreciated! I did not post my trades window as the list was way too long due to the playing around.

Good morning Average day today. ROKU Took ROKU long right at the open. Falling angel. Went long, Sold, sold and got out at BE. Did not use a hard stop as everything was moving so fast. Then I I had my finger on the long hot key after that 2nd 2 min ORB. Went long, but immediately regretted it as I was way to stretched from VWAP. Got out. Ah well, stayed calm and moved on. UAA I'm only showing the 5 min chart as it held on it for too long and to show my entry and exit. I also put a limit order in for a falling angel but it I was too low. I used the 1 and 2 min chart. Went long after the 2 min ORB. Stop loss just below VWAP. Was hoping to hit 2 R before scaling out but never did. Looking at it now, the spread is huge and it would've have taken a catalyst to have it jump that much. Ah well. Once it hit that high of the day again, I scaled out. Then was hoping it would hit 19.40 but it never did. I was eventually stopped out at the BE. BABA This trade was taken while being in the UAA trade. Saw higher highs/lows and went long above that 200 MA. It dipped a little and I added some more right above that 20 MA. Stop loss below that 20 MA. Always wanted to try averaging down but it was scary. I don't think I will be able to do it with real money. My goal was VWAP. I hit the sell 50% hot key and nothing happened. Hit it again, nothing. Noticed that orders were sent but not filled. Oops. Now I'm short shares once the 2 orders got filled. Immediately got out when I realized what happened. The noticed tons of volume coming in. Tried to go long sooner at around 197.90 with stop loss just below vwap at 197.70. As I hit my hot key the stock jumped and my order was filled. Way to stretched from VWAP. And way over my max risk. Luckily the stock kept going up and I sold and sold. Held on too some and was stopped out at the BE. I'm glad I was able to keep a calm mind. That's pretty much been my issue. Made "money", lost it and made it back. I reminded myself to move on and to take it one trade at a time. One thing I will change is how much I scale out. I've always wondered if scaling out at 50% is too much. Today Andrew answered that question. He went down to 25% and still thought it was too much. He is now at 10% and I will give that at try. Again, any feedback is greatly appreciated. Happy Thanksgiving to my American friends and I'll see you all on Friday.

Good morning One thing I learned, is that I am very inconsistent. LOL. Oh man. Ah well. I have a real problem with FOMO. I know exactly where everything went wrong. Before the open I looked at DLTR for a potential rising devil. For no logical reason, besides a feeling, I said no. Of course, once the market opened, it was a rising devil. Instead of saying, "It's OK, you didn't feel comfortable taking that trade and move on", I said, "F**K, WHY DIDNT I TAKE IT?!?!" There were some nice 2 min ORB set ups but missed those since I was not calm. Now I am not calm, my judgement is flawed and it reflected in the morning trading. BBY I went long as the new candle broke above the previous one minute candle. Still not bad. However, my stop loss was way above the VWAP as I calculated my risk wrong. If I did this properly, my max stop loss would have been 77.60 and I would not have been stopped out. The problem was that I thought I saw an opening range breakdown on DIS at the same time and took it short. Usually, as I take a trade, I immediately put in a hard stop loss but I was busy with DIS and panicked when calculating my stop loss on BBY. A calm mind and taking it one trade at a time would have avoided this conundrum. DIS Took this trade while in the middle of the BBY trade. Went short, did not have a hard stop but was frustrated and just stopped out myself. I Then I went short right after with stop loss just above the VWAP. Was going scale out at 2R but I hit the wrong hot key and went short again. Panicked, and pulled all my shares. DKS Went long after the 5 min ORB. I think I had a pretty food entry. If I had a clear mind, I would have put my stop loss below the VWAP 44.00. But I again miscalculated. In this case, it worked in my favour as I would have been stopped anyways, even If I set it up properly. More frustration and did not see to go long. Some people went long at 9:41 ish. I still do not see the signal. However, I should have gone long at around 9:45. I see the bullflag on the 1 min chart and the 5 min chart did indicate higher highs/lows. NTNX Went long, as I noticed the bull flag but it went the other way and I was stopped out. Then I said whatever and went short and it went the other way and I got stopped out...LOL. damn, I clearly didn't care at this point. Which definitely was not the right attitude. I had to stop as I started to over trade. I need to be a calmer trader. This has been an ongoing issue. I was upset over a trade that I didn't even take. I should have just moved on as the day literally just started. Just looking at my trades now, I could have done amazing today but I let my frustration get the better of me. - One day at a day also translates to one trade at a time - be calm, NO FOMO (my worst enemy) I can't watch everything. - do not over trade (my 2nd worst enemy, as a result of my worst enemy) As always, feedback is greatly appreciated and I will see you all tomorrow!

Good morning everybody Very good day today. Was bummed out over the weekend due to Friday but I made sure to remind myself to take it one day at a time. Came into today, thinking positive and to be patient. Took 2 trades CGC and UBER. I now like to watch the 1 min and 2 min chart on the open. If I see nothing on the 2 min chart, I switch it over to the 5 min. CGC I know the stock was super stretched from the VWAP but had a stop loss just below the first moving average (9 MA). I liked what I was seeing on the 2 min chart and the 1 min chart gave me confirmation with the second 1 min candle being a hammer doji. Went long, scaled out a little early but glad I did. Brought my stop loss to the BE and got stopped out. UBER Right before the open, I noticed the stock moving up from the 50 and 100 MA (red and brown) and figured it may be a potential falling angel. I put in a limit order just above those 2 MAs. The first 2 mins did not look promising, but I kept my order in anyways as I know it may take some time before it drops. It finally did and my order was filled. TBH, I almost forgot I had that limit order there. Took profits and then I kept some as I noticed I had put a level at 29.32. I did bring my stop loss to the BE. Once it hit my target I let go of the remaining shares. Patience and waiting for a good set up is key. Did not over trade. Good start to the week. However, I do have to remind myself to take it one day at a time, regardless if it was green or red. Thank you everybody and any feedback would be greatly appreciated. See you all tomorrow morning!

Oh man. Not good at all today. Put so much pressure on myself since I did well for the past 2 days. Also, since it's Friday, I put even more pressure on myself as I said that it has to be good for my weekend to be good. Took way more trades than I had to today. Made a mistake, which lead to emotional trading, which lead to impulsive decisions. CGC I think this trade went pretty well. There wasn't much confirmation besides the 1 min chart. Higher high/lows. Waited for it to pop above the VWAP and went long. My target was that 100 MA (orange) and was eventually stopped out. I should've been a little quicker to have gone out at the BE...oh well. I then looked at my closed position and that is where it went downhill. I was so fixed on making the money, and not making a good trade. TSLA So here I went long because Andrew was long. It popped over that 20 MA and I went long. There was somewhat a double bottom so I said sure. However, I may have chased it a bit here. I was also stretched for my risk. I knew I needed to have a stop loss just below the 20 MA but I did not have the room. I had to put my stop loss just above the 20 MA to stay within my max risk of $100 - which is dumb because the 20 MA was a possible resistance...... No surprise, I was stopped out. Looked at my positions again (WHY?!?!) Got upset with myself and here comes the emotional trading (Already did bad on a FL trade). Went long with no plan. Lost more. I then went short twice with no plan. If I was in a calm state of mind, I would never have taken any of these trades. With my share size and max risk, this was not a proper set up. FL Went long as it had higher highs/lows on the 1 min chart. Stop loss just below vwap. Was stopped out. No problem. But then the TSLA trade happened. Took another long trade with FL. I had lost patience at this point. I know it was still doing a pull back, but I went long way too early. To hit at least 2R, I would have had to wait till it hit that 200 MA (brown). Didn't make it. Was stopped out... Really bad day. I need to take it one day at a time. Robert even talks about this in Robert's Rants. I over traded - need a constant reminder to not do this. Do not let emotions get the best of me. I know what I did wrong. I really need to work on my psychology. As always, feedback would be greatly appreciated. Have a wonderful weekend everybody and I will see you all in the Monday chat!

Thanks for the feedback, Mike. Yes I do use a fixed share size as I have my hot keys are set up as long/short 400, 200, 100 shares. However, I do not use the 400 shares hot key. My stop losses are at the MAs, usually 20 to 50 cents per share. So $100 per trade is my max risk but I really try to stay away, unless I feel very confident about the trade.

Hello Everyone Today was another good day. Took 3 trades; CGC and SCHW x2 SCHW Waited for the 2 min ORB. Went short with a stop loss at that 100 MA. Took profits at 2R but was stopped out at the BE. Well it was little above the BE as I was trying to input a hard stop. 2nd trade with SCHW was 5 min ORB. Used the 20 MA on the 5 min as my stop loss. Held on until that 200 MA and made some profit. Got rid of some more as I did get a little nervous. Was going to hold on to it until I saw a sign for a reversal but had put in a hard stop loss for a BE. CGC Since I was busy with SCHW I did not take the 2 min ORB on this chart. Instead, I waited for the 5 min ORB. I didn't like what I saw, so I did not commit to anything. I did notice that the 2nd 5 min candle was creating an engulfing pattern. Waited for a pull back on the 1 min chart. I wanted a little more of a bull flag to be created but I saw all the MA were below the candle and on an upward trend. I went long as I saw a bullish candle form with a stop loss at the 9 MA. Waited for atleast 2R and took some profit. I was eventually stopped out at the BE. I think it was an overall good day. No emotional trading and no over trading. I did see some set ups form on TGT that I could've taken long but I made my daily goal and then some. Any feedback would be greatly appreciated. Thank you and see you all tomorrow!

Good morning everybody! Good day today! It's amazing what a good and positive psychology can do to your trading. Traded TGT and MU today. TGT I think I did well, but not amazing with TGT. Went short after the 2 min orb with stop loss at VWAP. I used both the 1 and 2 min charts for confirmation. I watched it go back towards the VWAp but wanted more confirmation. So when I saw the candle going below the previous low, I went short. Scaled out at the moving average and stopped out at the BE. I know some people went long (falling angel) after that but I just did not feel comfortable with all the moving average on the long side. I know there were tons of higher highs/lows, even after the VWAP. But after the last 2 weeks I needed to get past those MAs. Once that happened, I went long with my stop loss at the 100 MA. I did however, notice that bull flag and told myself to go long, but lacked the confidence. I had, at this point, made well over my daily goal. In the 2 min chart, you see me take another trade due to FOMO. You don't see it here, but I used the 1 min chart for information. I went long but was immediately stopped out. Lesson learned (again), do NOT overtrade!! MU The 2nd trade I took was MU. Took a 5 min ORB. Didn't go my way and got stopped out. I think it was an average day. Yes I'm in the green today but I lacked confidence. There were opportunities where I could've had much better entries. But like I said, after the last 2 weeks, I have been very hesitant. What I have learned is to be patient, look at the charts and analyze. I think that one thing that has helped me a lot is listening to Robert's Rants on psychology. I also purchased The Daily Trading Coach by Dr. Brett N. Steenbarger - looking forward to reading this book! Thanks for looking and any feedback would be greatly appreciated.

Good morning Everybody Took 2 trades today. I have been very hesitant on taking trades since I've been in the red for the past 2 weeks...overtrading, emotional trading, breaking rules, taking to many trades at one time.....I kind of dreaded coming on today.... Told myself, as long as I'm positive today, I am happy. Took my first trade and was up. Got a little nervous and pulled out way too soon. I then took another trade (broke my only rule for today) and I am back in the negative. But I need to remember that this is for practice. That second trade was a mistake, but I did learn from it. I also told myself that I would post, regardless of how crappy my trading is. MU Waited for 5 min ORB. Took my entry, with stop loss above VWAP. Waited for 2R and scaled out. I now use hard stops. I read the chart wrong and put in the the wrong stop loss for my BE. If I did it correctly, I would have never been stopped out and could've gone down all the way to 46.72. Question - When scaling out, I trade 50% of my shares. I see a lot of you guys scale out way more times. Do you scale out with less trades every time? I just do not see how one can scale out multiple times if one trade 50% of their shares. NFLX Why did I trade netflix. I don't know, really. I had FOMO from my first trade. I've had FOMO a lot, which lead me to over trading. I really need to stop this bad habit. If I miss the opportunity, then it wasn't meant for me. Other opportunities will arise. Anyways, both the 1 and 2 minute charts showed higher highs/lows. I did notice the resistance level on the 1 min but ignored it. Why? I don't know. On the 2 minute however, it popped over the VWAP with the next level at 302.5. I guess I used the 2 min as confirmation to go long. Looking at it now, yes the 2 min chart shows no resistance, but the 1 definitely did. Lesson learned. Question - The area circled in blue, is that a bull flag? I did see it but I wasn't sure. It did pop up as you can see but I was hesitant. After I saw that, I was long bias and was probably another reason why I went long when I did. It would be greatly appreciated if you guys could answer my questions or provide any feedback. I thank you all for your support! See you all tomorrow!

I apologize. I have not put into my journal recently. I worked most of the week last week but I did try to trade before and after my night shifts. Horrible days. Same as this week. Did not find the motivation to post. Started listening to Robert's rants and I can really relate. Will take it back a notch and figure it all out. Very much became a emotional trader, which in turn made every decision I made even worse. Back to work starting tomorrow. See ya'll next week!

Hello Everyone Finally back trading from my 4 days work. Tried trading before my night shifts but I'm usually tired and very impatient. Didn't input on my journal for those days as I know the main reason for poor decision was that I was not patient. I went in to this trading day making patience my core principle. I also, learned that I NEED to use hard stops using market orders as I've always said, "I have a feeling it wont drop/rise anymore". And then I shoot myself in the foot. Did a couple trades. Tried to be part of that falling angel/rising devil with PINS but I put my limit order too high by .01 cents...lol. Ah well. AAPL Took it long after 5 min ORB with stop loss at VWAP. Then I thought I saw higher highs and highers lows with the bullish candles and went long on the next candle and went long. Stop loss at VWAP again and got stopped out. A trend started to form so I waited for a pull back. Again, patience. Once I saw the pull back I waited for more confirmation. I noticed an engulfing candle but still wasn't too happy. I waited for the next candle to form above the engulfing pattern. Once that happened, I went long with stop loss just below VWAP. Waited for 2R and started to partial out while also moving my BE using hard stops. I was down to 50 shares so I decided to pull out before it dropped. I then re-entered again when I saw the new higher highs/lows. I've also been paying attention to MAs and it's added to my confidence in making decisions. BABA Noticed a beautiful trend up on BABA. Once there was a pull back and confirmation for a long, I bought in and started to partial out at 2R with stop loss at VWAP. I think I have been bringing my BE a little to high but it worked out for me this time. X Waited for 5 min ORB and went long with stop loss at VWAP. Started to partial out at 2R. Brought my stop loss to break even and got stopped out. Once the stock reversed and noticed a new candle breaking back over the MAs I went long on the next candle, with a stop loss at VWAP. Sarted to take profit at 2R and eventually got stopped out at BE. Now, I should've have have brought my BE up higher... ah well. Next time... I've made my goal but I got a little greedy and lost out a little on apple. Lesson learned, do not trade after hitting my goal. Any feedback would be greatly appreciated. Thank you and have a wonderful weekend everyone!

Hello Everyone Traded yesterday, did not do well. Did not have time as I was pretty busy yesterday. Today wasn't good either - pretty much the same issues as yesterday. Emotional trading and a bunch of WTFs. LOL...Peter just did a poll and I'm in the 5% of traders today..blah. Tried to take Roku short after the 5 min ORB. Was waiting for a pull back closer to VWAP but still got in too stretched from VWAP. Didn't go my way and got stopped out. Again, I waited to long as I originally had a stop loss at VWAP, but I was being "hopeful". Thought I got rid of all of my stocks, however I moved my hotkeys around and didn't notice I only got rid of half. I noticed I had short stock left half way into that 1 min chart. I then just tried to partial out with what I had left. Tried to get rid of it all since the whole thing was a mistake anyways but hit the wrong key. Once ROKU went through all those MA and popped over the 50 MA, I went long. I also noticed the 9 and 20 MA crossing. Stop loss just below VWAP. I know the partial outs look early. However, I did hit the hotkeys at around 128.95 but it recorded much lower for those partials. I'm guessing, they didn't fill until then. My goal was that 100 MA. INTC Thought I saw a ABCD pattern building so I went long at 55.46 with a stop loss just below the 9 MA. I then pulled all my shares for no reason. I was upset about the ROKU hot keys mess up and hit ESP on all my trades out of frustration. My original plan was to start scaling out at 2R. I need to be patient and not let negative trades affect other trades. Things to work on: - STOP BREAKING RULES!!!!!!!!!!!! (should start using hard stops) - take it one trade at a time. If one trade is bad, move on and focus on the next trade. - Patience, patience, patience... - learn more about trend trading - study and focus on MAs crossing - Practice, practice, practice hitting proper hot keys on keyboard I also need to remember that I am in a sim to practice. It is actually good to make mistakes now and learn from them. Well that's that. I will see everyone on Thursday morning as I am back to my nursing job for 4 shifts starting Sunday. I wish I could trade and practice everyday as I definitely want to do this full time. The life style is just amazing. But what can I do.... Thanks everyone and have a wonderful weekend!

Hello Everyone! Was finally able to trade Wednesday morning. I tried to trade after my last night shift on Tuesday morning, however, it didn't go well at all. None of my moves made sense. I was too tired, which in turn made me impatient. The lesson at this point is not to trade after my night shift. I figured it wasn't going to go well but I just wanted to see how I would do... Well Wednesday morning I took 4 trades in total (CAT, 2 trades in IRBT, TXN). For some reason, only took 1 screen shot of one of the trades (IRBT) The first trade was CAT. Tried to trade right at the open. Was hoping for a short squeeze but I had no idea how to do it but stayed in the green. Wasn't to serious about it, as my trading strategy right now is to wait 5 min after the open. 4th Trade was TXN, noticed an ABCD pattern and went for it. Didn't make much - need to get better at figuring out share size later on. Trade 2 and 3 IRBT Waited for the 5 min ORB. Went long right at the next 5 min candle with a stop loss at the VWAP. Started to look at the 1 min chart. Tried to scale out (too early) but hit the wrong hot keys and sold all my shares. I guess, now it was a good thing. But not good if I want to stay technical. Then noticed an ABCD pattern in the 1 minute chart. I also know that 5 min ORBs are usually ABCD patterns in the 1 min charts. I saw the hammer doji forming and went long. Was I too early? Stop loss just below the 9 MA. Scaled out at at least 2R this time. I then figured it was a good time to practice on how to enter stop ranges. Brought my low range to the B/E and my high range at my target for the high of the day. As always, feedback is greatly appreciated. Thanks!

Hello Everybody I apologize that I haven't posted lately as I just went back to work after my paternity leave and found journaling a little time consuming. However, after watching Peter's workshop yesterday, I realized how important journaling is. Took a bunch of trades today. Broke a rule, hit the wrong hotkey, but recovered in the end. Mainly used 5 min charts today. I would love to trade within the 1st 5 min and make money like Andrew but the one rule I made for myself that I haven't broken yet is to wait 5 mins. Therefore, my favourite has been trading 5 min orbs - except today..lol Trade 1 - NFLX Beautiful 5 min ORB. Bought 200 shares but it went south. Had a stop loss below at VWAP but I should've been a lot tighter at the 20 EMA. Here I broke a rule, I was "hoping" for a pullback, even as it went below my over extended stop loss . Finally pulled out. I'm just glad I am in a sim. After a bit of cursing, I reversed my position due to the engulfing pattern at 303.08 with a stop loss at premarket low. Given the price, I should have decreased my share size. Once it hit 2R, I started to scale out. Scaled out again once it hit another low. Brought my stop loss to the B/E and kept the rest for that profit target at the 200 EMA. I would have loved to stay in but my goal was the 200 EMA. Trade 2 - CRON Shorted CRON after the 5 min ORB. Got in an 9.65 with stop loss at VWAP. Waited for 2R and tried to get out as close as possible to that 9.15 level. Was going to cover, hit the wrong hot key instead and shorted another 400 and then immediately covered those 400 at 9.25. CRON hit that 9.15 level again and I scaled out hitting the right hot key this time. Covered some more at the 100 MA and was eventually stopped out at the B/E. Trade 3 - ROKU I'm glad I was busy with NFLX and CRON or I would've have taken ROKU long after the 5 min ORB. However, I saw the engulfing pattern and went short at 131.51. (I would've loved to get in closer to the VWAP right after it engulfed the previous candle but I wasn't watching this stock at the time) I was too stretched from VWAP so i decided to use premarket low as a stop loss. Waited for 2R and I think there was a level there and covered some. covered more. Not sure why I held 50 shares of ROKU for so long but I should've have clearly covered all at the B/E Trade 4 - ROKU Saw a huge pop and that's why I covered all my shorts from trade 3. Popped above the VWAP, volume was coming in and saw that hammer doji forming at the end of that 5 min candle. (Also, Andrew was saying he was going long - that was just a bonus to my analysis) Went long at 132.4 Started to scale out way to early. Should've waited for 2R. Was going to sell all my shares at break even but hit the wrong hot key...again . Not sure why I sold all my shares at the 200 EMA. Should have scaled out to at least 134 profit target. All the virtual money I lost on NFLX, I earned back and a little more with the other trades. Lots of mistakes to learn from but I'm happy overall! Again, any feedback would be appreciated and thank you for all the support.

Hello Everybody Today was not such a good day. But again, I shall learn from my mistakes ROKU Trade 1 Bought 200 shares at 108.65. Stop loss, just below the VWAP. I know with 200 shares, I got in too late as I now risked more than 2%. Again, I need to focus on my entry for better risk management. Is there a way I can buy/short at a certain amount and not just by hitting the hot key? I would have loved to get in at 108.30 max in this trade. Scaled out way too early. Will now focus on scaling out around 2R. Trade 2 Got in at 109.47. Was thinking that VWAP was going to be a resistance. Also, saw the hammer doji and took that as a sign for long. Please let me know if I am reading these signs all wrong. Stop loss below the VWAP. Close to around 108.90. Was too slow and got all out at 108.53. Almost a whole dollar!! I am debating on using hard stops but I'm worried that during a pullback, I may be stopped out prematurely. What does everyone suggest? Trade 3 Please correct if i am wrong, but I thought I saw a double bottom. And I thought I saw a "falling devil" (I have heard Andrew say it a couple times). Therefore decided to go long with a stop loss below that level at around 106.70. Now, after reviewing, my stop loss should have been much closer. I thought I was doing well as it was using the 9 EMA as a resistance. Again, I was too slow to react and was all out, way too late at 106.51. I also traded AAPL but that also ate me up Trade 1 I saw higher highs and higher lows and decided to go long at 226.67 with a stop loss right below VWAP around 226.30 and target of previous day close. Was getting ready to go out on AAPL as it was starting to get close to my stop loss but I pressed cover instead of sell. Panicked and ended up selling all my 400 shares immediately. But then again, I would've have been stopped out regardless. Trade 2 Again, saw higher highs and highers lows and thought VWAp to be a resistance. Went long at 226.59 with stop loss at 226.4. Covered some. Was trying to cover at 227 but at that time DAS was acting up. Now, I know I asked this before, but is there a way to scale out at a certain amount, in this case 227? This time I was quicker and stopped out at 226.36. As always, I need to work on my risk management. Again, any feedback and discussion is most welcome! Thank you!

Hello Everyone! Day 2 into DAS trading and there was some good and some bad. I only took one trade today: ROKU Was waiting for a 5 min ORB but saw nothing. Finally, on the 1 min chart, I noticed ROKU making lower lows and lower highs so I went short 300 shares. Although, I didn't notice it until the 3rd candle stick. I was a little further from VWAP than I'd liked. What I should have done, is reduced my share size to at least 200 or less for better risk management. Started to scale out when I got closer to some levels. Now, I am thinking that I should have held some of my position a little longer, as techinically, I could have waited if it went lower or if I would have been stopped out at the break even. But I'm glad I got out in this scenario. The candle stick with the red circle, I was regretting not holding on longer since it went even lower. However, my cursor was hovering over the buy hotkey and I accidentally bought. Panicked and contemplated since I did not see any indicators for long trend, and sold all my shares. Here comes to bad trading. I went short again. Did not think of my risk:reward, just "felt" it was going down again. tsk tsk. Went above some moving averages, panicked again. Should have gone out but waited. Luckily it went my way and I scaled out eventually stopped out at the break even-ish. I am happy with my first trade. Not so much with my second and I really need to work on my risk management. Again, any feedback is most welcome! Have a wonderful day!

Thank you for your feedback. Your explanation of positing sizing and calculating by risk makes so much sense. Thank you!

Hi everyone, My name is Mark and I joined BBT about 5 months ago. I read Andrew's book and was hooked. I am a RN but I realized that the lifestyle that comes with it is not what I want. I am missing too many holidays and weekends and don't want to miss out on those memories with my family. When I first started I decided to try to watch and study all the content that was offered through BBT. My wife was 7 moths pregnant at the time and I knew it was going to be difficult to start once the baby showed up. I also did not have a strong enough computer at the time to trade, so I just kept watching and learning. My beautiful daughter showed up on June 17th and got the keys to our news house on the same day (what were we thinking buying a house so close to the due date) and I was out from BBT for about 3 months. Tried to watch some content when I could but it was difficult. As mentioned in the book, I did not rush to get into trading as I was not able to focus on it 100%. Finally was able to purchase my new comp on month 4 and luckily my wife and I were comfortable being in a new routine with our daughter. Started to recap the content more thoroughly again. Finally, just this past Monday, I started jumping in with DAS simulator - brutal, I thought I knew what I was doing, but man, was I ever wrong! Started with 3 montages but realized, that is too much. I scaled down to 2 montages and it seemed to help today. It felt like I "knew" what I was doing, or maybe not, you be the judge. I did 2 trades today: TVIX and SFIX TVIX - I thought I knew what I was doing but after reviewing it, I think I know where I went wrong. I thought it was a good idea to get into this trade because it because it was following a trend. I was looking at the 1 minute chart. After getting stopped out and reviewing my thought process, it was all wrong. Trend trading is not recommended until close of day. I went in long after lower lows, lower highs. There were no levels or indicators on where I should have sold. I did have a stop loss in my mind which was at 9 EMA. I was a little late but I was all out. The other trade I did felt a little better. I waited for a 5 min ORB. When I saw that it cracked the VWAP I went long on the next candle at 17.53. My stop loss was just below the VWAP at around 17.40. I remember seeing two levels at around 18.20. I covered half at 17.83 and another half at 18.11. The remainder, I held in the hopes of it hitting that 100 EMA. However, it didn't go in my favor and I was all out at the break even. My position sizing was horrible. Was hoping to only buy about 200 shares. But it populated 1000 shares. I decided to changed my layout config on my montage and now have the hotkeys at the bottom so I move from top to bottom to insure I put in the correct share size. I have a few questions and would appreciate any help. Any feedback would also be greatly appreciated. - How was my trade management for SFIX? - For position sizing, I am working with $5000 equity. I know on the videos they say to possibly to 50 to 200 shares to start off. But if I bought 50 shares of SFIX I would be at almost 18% of my account. To be in the 2% of my account, I would really only trade about 6 shares, correct? Overall, I feel pretty happy with my trade management as I stayed true to my stop loss. Also, I am glad I made those mistakes today, as I have learned from them. If I am dead wrong about everything, don't hesitate to let me know - any feedback would be greatly appreciated. Thank you!