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Daniel Meakin

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Daniel Meakin last won the day on July 31

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  1. 8/11/19 another amazing day 1 and done. really think ive found my mojo Trade 1: ROKU was the only thing on my watchlist which seemed to have a clear direction in the level 2 so when it went lower, held and started coming up i went long with a really tight stop below where it held, and it popped, got rid of two thirds of my shares in the first pop, didnt stop out then the rest above 122. great 8R trade.
  2. 7/11/19 amazing day today, after yesterday i decided to approach it a little differently. basically just looking at the level 2 to see which direction is stronger then using the charts to find a good entry. worked a treat. Trade 1: looked weak on L2, popped up to VWAP then down so took it short tight stop, got a few partials at 2:1 then out at b/e. 0.5 Rs Trade 2: this was a 1m ABCD as soon as it made a new high after a new low and L2 looking very strong. still some left in this position but right now at 3Rs. Trade 3: BIDU looked very strong on L2. good opening 5 min candle, rejected VWAP once then when it rejected a second time i got in long with a tight stop. got one partial, almost out at b/e then it just took off and i partialled like crazy. 4Rs Trade 4: couldnt believe my luck on this, i was done for the day but noticed the punch through VWAP, pullback to the MAs on the 5m, checked L2 and looked really strong so took it long with stop at VWAP and it exploded. happy days. 5Rs
  3. 6/11/19 had a one and done on HAS and then had to leave early. Trade 1: saw big buying pressure whenever the price dropped and the L2 looked really strong, got a couple partials then added when i saw the pattern ascending and L2 holding its big asks. got 4Rs but i stopped out early because i had to leave soon anyway. it did bounce of VWAP and go higher but dont know how far.
  4. 05/11/19 still just making mistakes and learning what not to do... Trade 1: rising devil with big bids but stopped out. Trade 2: me getting chopped up on BYND based on the L2 without regarding patterns. Trade 3: ascending pattern on AMD and big asks, got a partial but bad news came out and stopped out at b/e Trade 4: reverse ABCD with an entry at the support so dont think i should take these if its testing the support for the 3rd time... Trade 5: got chopped up on AMD trying to get the next leg up but i shouldve waited for a rejection of some significant MA, first entry was for an ascending 1 min pattern, second was because it broke downwards and straigh back up and third was a new 5 min high. Trade 6: pennant breakout with volume and big asks, this was the trade i was waiting for but tried too early. Trade 7: finally got the AMD trade as well when i saw an ascending triangle forming respecting the 9 on the 5m and pressed against a daily level and got the pop i wanted, didnt reach my target though and stopped out at a 15m low but happy with the trade.
  5. 4/11/19 really choppy day and stopped taking trades pretty early when the market wasnt doing what i wanted. Trade 1: tried a rising devil on UAA but stopped out at 0.5 Rs when it didnt drop straight away Trade 2: loads of abig asks on BABA and after a double hammer on the 1 with higher lows i went long, got 2 partials and out at b/e Trade 3: looked like it found support at 180 so went long but didnt quite get to 2R so stopped out. Trade 4: looked like an ascending triangle so tried to get in before it went up for the third touch but out at a new low.
  6. 1/11/19 decent day today except slippage on my first trade put me 3 Rs down but oh well. Trade 1: tried a rising devil but stopped out and the price jumped a mile. Trade 2: ABCD on aapl but the consolidation was so long and after it made a new high and came straight down i got out near b/e Trade 3: kinda ABCD/pendant break out, i had my limit for 2 Rs set and it hit it but didnt get filled then stopped me out so that was a bit annoying but still a good trade. Trade 4: tried to get in on a pullback short on PINS but stopped out, then loads of big asks came in so i took it long when it didnt make a lower low and got a really big move on it. great trade.
  7. 31/10/19 made some good prgress today, started noticing things on level 2 in the INET tab as an extra confirmation. Trade 1: was watching this for an ORB, KHC had loads of big orders above the ask so after it rejected VWAP i took it long for a really nice 4 R trade. Trade 2: ABCD based on the 1, waited for a new high and orders stacking above the ask but the move wasnt ready. Trade 3: descending triangle but once it broke and came straight back above the PCL i got out at b/e. Trade 4:nice pennant formed but didnt do the breakout i wanted. need to pay more attention to level 2 on these for confirmation. Trade 5: 1 and 2 min bullflag, waited for 1 min high and had a really tight stop below the pullback, had loads of big orders above the ask so was pretty confident and got about 4 Rs on this average.
  8. 29/10/19 so im back in sim and im gonna take a month or two to practice my strategies. im focusing on ABCDs the rest of this week after Aiman proved you only need one strategy. once a stock move a significant amount in a clear direction, i wait until it makes lower lows on the 5 without a new low on the 15, and then once it makes a new high i enter with stop below the low. if i take it near VWAP i want 3:1 and away from VWAP i want 2:1. im also focusing on ORBs but im looking less at the 5 min and more for ABCD patterns based on the 1 chart just at the open. im also going to start to log trades in another way so i can track my win percentage to hopefully see improvement or identify which setups i just shouldnt do.
  9. my stop was a new 5 min high above vwap, I shouldn’t have stopped out early but got worried and I do this all the time. Just need to stick to a plan better but I’ll work on that in sim
  10. 28/10/19 I am not ready for live trading. breaking rules, dont have a clear idea about how to manage my trades. still letting emotions rule me. closing my account and going back to sim for 3 months so i can build a proper strategy without blowing any more money. Trade 1: went for an ABCD on TSLA, waited for a new 5 min high, when it went my way i added more because i felt like my stop was so far away. it then started to go against me and hit my max loss per trade but i didnt stop out because it didnt hit where i thought my stop should be at the new low. then finally stopped out when the breakout didnt go my way for a 1.5 R loser. Trade 2: saw the pendant form, waited for the break with volume, set my stop appropriately above the previous 5 min high but stopped out early as soon as it went against me and then it went 2R at the time of writing in my direction so again horrible trade management.
  11. 25/10/19 max loss today think i was trying to force stuff. Trade 1: ORB on ROKU this looked good, increasing vol going down, low vol pullback and VWAP rejection, but went up and stopped out. Trade 2: pendant breakout but got in late and it didnt have the volume on the break i like to see so shouldnt have taken this. got out for a small loss. Trade 3: same again but again no volume on the break... Trade 4: descending triangle but i didnt get the entry i like and the breakout failed and broke the resistance line so took it long and got some good partials, shouldve taken more at the top though, only ended up being a 2 R winner. Trade 5: This was an ABCD but got in after a hammer when i shouldve waited for a higher low then confirmation of a new high. Trade 6: pendant breakout again with no volume... need to restrict myself with these more.
  12. 24/10/19 much better day today exercising patience, nothing i liked at the open and so waited until 11:30 before i saw something i liked and got 1 and done with a 4.5 R winner. Trade 1: pendant formed on TSLA after a reversal from LOD, it broke out the top with increasing volume and never looked back. got good partials along the way and stopped out at a new 15 min low.
  13. 23/10/19 Really awful day i went absolutely mental, feeling really overwhelmed by the emotions of it all to be honest and now feeling pretty miserable. i know i can take the right trades but my brain is telling me to be an idiot and take things that arent in my A+ setups... Trade 1: tried to take an engulfing on TXN after a pullback after a big red high volume candle but stopped out. Trade 2: BSX looked like it lost VWAP after a retest so i went short but was paying too much attention to the level 2 and making stuff up in my head without proper indicators and thought there was a big buyer at 40.23 so got out and then went long on overtrading and inevitably stopped out. Trade 4: went long for a break of a pendant, when it doesnt immediately break i tend to get out quickly, however i didnt cancel my stop order so when it broke the other way i got into the reverse trade and didnt realise for a while and ended up stopping out of that. didnt take this trade as i wasnt watching but this is the kind of thing i should be waiting for and paying attention to. nice pendant formed, 3+ touches to the top, broke the bottom with very increased volume, that would be my perfect entry and just lost it instantly moving about 4-5 Rs.
  14. 22/10/19 bad day hitting max loss. broke my rules and overtraded. annoyed because my new broker doesnt give a free simulator with the margin account so need to be stricter with myself if its going to work or ill have to go back to sim full time. Trade 1: ORB with low volume pullback, didnt work out. 21/10/19 Trade 2: sold the breakout of a pendant, got 1 partial then got out early for no reason, wouldve got another partial if i left it. need to learn to let my stocks go to b/e. Trade 3: another pendant breakout that i was right about but scared myself out of it for some reason. Trade 4: got into a wedge breakup late then didnt get out when it broke the support. stupid. Trade 5: got in for a wedge breakup near the support line, great entry, got 1 partial then out early when i thought it was breaking down, then when it didnt i got back in revenge trading...
  15. 21/10/19 ive been really ill for over a week now so havent been trading. im going live today but with the intention of only doing minimal trades per day/week and only taking A+ setups Did so well all day not taking any trades because they werent perfect and then took a stupid setup right at the end because i watched so many of my good trades pass. Trade 1: basically took this trade because there was a huge seller at 45, if anything i shouldve taken it long since it was ascending but really i shouldve just stayed away.
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