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Everything posted by Daniel Meakin
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1/10/19 only 2 trades today, trying to be more selective means im not seeing anything i like at all. maybe i need to be a little less selective, ill have a play around tomorrow. 2 losers (10 min ORB, ABCD) Trade 1: after looking weak i went short near VWAP after a pullback, this wasnt the greatest setup but because i didnt catch an ORB i got in anyway. Trade 2: X was super strong at the open, it sold off and did a 50% retracement then found some support, it was a gap up with all moving averages below the price action so went long with stop below the support but had to stop out.
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30/9/19 only took 1 trade today, just didnt see anything i really liked which isnt a bad thing. 1 loser (VWAP hold) Trade 1: BABA gapped up so after a VWAP reversal i waited for a VWAP test, it wasnt perfect but went long but stopped out. I did notice a lot of buying at a level but the price wouldnt break above it which is something kurt was talking about last week which is a bearish sign, which was good to see and in future maybe ill use that as a signal to get out early if its in a consolidation area.
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27/9/19 decent day today, stuck to my rules, only did 2 trades even though i planned 3 because my heads in a weird place after some news so feel to stop while im up. 2 trades: 1 winner (ORB) 1 loser (descending triangle) Trade 1:WFC did the thing i like when it has no volume for the first minute then picks a direction, i missed the first move so waited for the 5 min ORB pullback to at least half the previous 5 min candle and got in for a great trade and got 4 Rs. Trade 2: lower lows on ROKU with a clear resistance line, triied to get in near the resistance but the spread was bad, it broke the support and didnt carry on so i shouldve got out at b/e but held then panicked and made a hotkey mistake but still only just over 1 R loss.
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26/9/19 so ive gotta wait another month before i can live trade, so im going to use this time to follow my live rules and try to get rid of any bad habits i have. so in sim im going to allow 3 trades per day, 1 ORB with a good pullback, 1 trade after 10.30, either a VWAP hold/bounce or and pendant triangle, and 1 trade after 12. 5 trades: 2 winners (ORB, double bottom reversal) 2 losers (no setup, pendant breakout) 1 winner that i let turn into a loser (pendant breakout) Trade 1: this wasnt a trade in my playbook but i see this happen all the time, no volume in the first minute, then as soon as it picks a direction it spikes, thinking about adding this to my playbook. Trade 2: this was not a good setup dont really know what i was thinking. Trade 3: pendant breakout, again these never seem to work until a bit later in the day. Trade 4: pendant breakout which worked really well, but as soon as SPY dumped it followed it through the floor and i shouldve got out way earlier. Trade 5: i saw a double bottom near VWAP so waited for a pull back and got in, got a good partial it was just moving so slowly and i had to be somewhere so i got out.
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25/9/19 so i went live with IB thinking i could trade without being affected by the PDT rule as im in the UK, i was wrong. so im in the process of changing brokers. overtraded a bit in the morning today as i know i do but its just in sim so its okay. 8 trades: 2 winners (pendant plays) 2 winners that turned into losers bacause i added (ABCD/pendant, wedge breakup/ VWAP hold) 4 losers ( ORB, VWAP play, wedge breakup, VWAP false breakout) Trade 1: took an ORB on NKE but stopped out, got back in when it looked like it was getting some direction but stopped out again. Trade 3: this was a triangle play. these never work in the morning after selling off im gonna put them on my ban list before half 10. Trade 4: this wwas a VWAP false breakout, actually a decent set up with a retest but didnt work out. Trade 5: took a brake and came back. saw a really nice pendant form so went short at the break for a nice trade with 2.5:1 Trade 6: saw another pendant, got the first entry wrong but it worked out the second time for a good trade with 2:1 Trade 7: first entry was a big ABCD on the 5. second was an add when it broke out of a pendant, unfortunately my size was just too big and i stopped out before it went up again. need to not add so heavy. Trade 8: first entry was a wedge breakup got a partial at VWAP, then when it retested VWAP and rejected i added. but then it broke VWAP and went down so stopped out.
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20/9/19 So i have decided to go live and have been preparing the last couple of days. My plan is to have 1 trade at the open and 1 more after 10:30 earliest and only 1 specific set up. if i lose both of those then no more live trading and my DAS risk controls wont let me go past that. i will keep trading in sim throughout the day. okay so i didnt find an ORB so did a trade later in the morning. did 3 live trades, no winners and felt okay about that until i did my third trade because i knew i broke my rule, but i didnt hit max loss so kinda bent it. still annoying. also it was kinda worth it because it made me realise my DAS risk controls arent working so i need to look into that. 3 trades: 3 losers (VWAP hold, pendant breakout, bottom reversal) Trade 1: came above VWAP with clear direction, tested a couple of times so went long, ended up just consolidating for a while before it lost VWAP, not a bad trade. Trade 2: i was waiting for this to break out of the pendant, but there was a descending triangle forming in the pendant, which i wouldve traded but i was waiting for it to get one more touch on the support. anyway it broke out of the pendant which is my entry but the move was already so extended and didnt have the juice to carry on. Trade 3: this was really a silly trade, trying to catch a knife on ROKU, was at a serious support level and seemed to double top, i lost confidence and got out at the bottom as i didnt wanna get squeezed in the pop.
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18/9/19 okay day again today, similar to yesterday with 7 small losers and 1 big winner at the end bringing me to b/e. 9 trades : 1 winner (VWAP hold) 8 losers (ORB, Trade 1: 5 min ORB waited more patiently than usual for a good sized pullback and confirmation but still no dice. Trade 2: saw a double hammer on the 5 min chart so went long for a reversal but roku was too weak today. Trade 3: looked like an ascending triangle pressed against resistance but didnt have the juice and rejected VWAP. Trade 4: ascending triangle again but had no pop. Trade 5: this broke through VWAP strongly and then help so i went long but it lost it with a vengeance so stopped out. Trade 7: reversals are not my forte i must say. double top, big rejection on the 1 min so went long, stopped out. Trade 8: looked like it was breaking out of this pendant with some volume but just could no break 149.75, mustve been a hidden seller there... eventually it broke down. Trade 9: strong rejection at LOD, came above VWAP and held so i went long, it came back tested again and had a strong rejection so i added and then rode it up to the HOD partialling at resistance levels. this made up all my lossed pretty much. same good trade as yesterday. this is my first A1 setup.
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17/9/22 okay day, finished 2 Rs down, still just too many losers but was a real choppy day. had to abandon my watchlist half way through and trade things that were moving. 11 trades: 2 winners (VWAP hold, pendant reversal) 1 b/e (no setup) 8 losers (ORB, VWAP breakout x 2, no setup x 2, pendant breakout, chasing ABCD x 2) Trade 1: ORB on snap but got in too early, had a big pop after this, shouldve waited to see the support before i got in. Trade 2: After KHC got out of its consolidation i went long at VWAP with increasing volume but was pure chop. Trade 3: was a bad entry not sure what the setup was either. Trade 4: chased the entry on this pendant breakout, didnt work anyway, the pendant wasnt perfect. Trade 5: over trading. Trade 6: finally a good trade, punched above VWAP, held, then held again with a shooting star on the 1 min, got a great entry and rode it up partialling at resistance Trade 7: was looking to get in early hoping a triangle would form but shouldve waited for confirmation because i went short just after a double bottom. stupid. Trade 8: looked like it was losing VWAP so went long, AAPL was so choppy so got out at b/e Trade 9: ROKU broke out of a pendant at HOD, missed the entry so waited for a pullback and got in as it went down again, added halfway down then got some good partials around VWAP. Trade 10: market was going mental and i chased ENPH up twice. stupid.
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16/9/19 okay day today, overtraded a bit in the middle but finished with a nice trade to bring me to b/e. 10 trades: 3 winners (ORB, wedge breakup, pendant breakout) 7 losers (ORB, ABCD, VWAP hold, no setup x 2, pendant breakout, wedge breakup) finished 0.5R down Trade 1: ORB on OXY volume was with the bulls but stopped out. Trade 2: after it rejected VWAP i got back in for a decent trade. Trade 3: i actually stopped out by accident so i got back in after it made an abcd but didnt take any partials so stopped out. Trade 4: after it went through VWAP and held i went short, a descending triangle formed but broke out the other way so i stopped out for a small loss. Trade 5: this was just chopping around VWAP shouldnt have really got in this. # Trade 6: overtrading really... Trade 7: ascending triangle formed near VWAP when AMD had been strong so went long for the pop, it couldnt break the HOD so got out. Trade 8: ascending triangle but was pretty extended allready so didnt have the juice to pop so stopped out. Trade 9: aapl made a pendant at VWAP and it popped but no continuation. Trade 10: OXY was in a long consolidation, it started to break out and i got a great entry, punched through VWAP then started tending up, got out half for a big profit then out the rest below the MAs on the 5.
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13/9/19 had a decent day today but feel like i couldve ended much higher, made good trades but made mistakes and so lost out 7 trades: 4 small winners (wedge breakup, trend trade from VWAP x 2, pendant breakout) ended 1.5 Rs up 1 b/e (trend trade from VWAP) 2 losers (engulfing, pendant breakout) Trade 1: went for a engulfing pattern when bullish volume came in but stopped out. Trade 2: still looked bullish and a ascending triangle was forming so went long got a great pop, tried adding later but then it went the other way. Trade 3: once it broke VWAP i waited for a pullback and confirmation and went short, added as it made a new low and then got one nice partial then out at b/e Trade 4: pendant break out, didnt work but i took the break out on the other side which did work, trade is at the bottom. Trade 5: took this short once it rejected VWAP after a pullback. my share size was too small though so didnt get any partials before i got out at b/e Trade 6: came above VWAP, held so went long, again share size too small to get any partials before i got out at b/e Trade 7: went short out of a pendant got partials along the way, accidently got out and back in at one point, also tried to add at the end then got out at b/e but shouldve given it more room past the 20 on the 5min and then i wouldve had a really big winner.
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12/9/19 had a really good day today, did a good job of letting my runners run i think and kept my losers small. 7 trades 3 winners ( VWAP reversal, ABCD, VWAP bounce/trend trade) 2 b/e (VWAP bounce, no setup but maybe it should be ) 2 losers (5 min ORB, engulfing orb) total 8Rs before commisions. Trade 1:5 min ORB, all the volume seemed to be bearish, got a great entry but stopped out. no complaints here. Trade 2: went for an engulfing pattern but stopped out on the pull back. Trade 3: strong open, sold off and bounced off some levels, kinda an abcd cause its not quite at VWAP but got out at b/e. Trade 4: got into AAPL when it made a new 5 min high after the open, waited to see what it did at VWAP, went to add when it bounced off VWAP but got a really bad fill, but still got some really nice profit out of it when spy made it jump. Trade 5: KR had a HUGE sell off and when it bounced off one of my daily levels and couldnt make a new 5 min low i went long and it wouldve been a really good trade if i left it but i got shook out when it started making 1 min lows because of the huge initial drop. Trade 6: after its initial rise it made such a clear ABCD pattern so jumped in, held through VWAP and beyond. i tried adding when an ascending triangle formed but had no juice. still a really nice trade Trade 7: seemed to reject VWAP after being strong, went long, survived the second VWAP test, added on a higher low and got 1 partial then out when it broke the 9 on the 5 and made a new 15 min low, but it did carry on going up after this, maybe i shouldve held it longer, need a rule for this i think. maybe ill speak to kurt
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11/9/19 missed the last couple of days as im not feeling well. pretty mixed day ending in the red, think im overtrading and my head is killing me by the end of today so gonna keep this brief as possible 16 trades. Trade 1: ORB on MU but wasnt ready. Trade 2: got in again when it came above VWAP for a nice trade. Trade 3:MU couldnt make new highs and had a support line to form a wedge but broke out the other way. Trade 4:ROKU broke through VWAP and held, went long for a nice trade, tried to add at a consolidation but stopped out. Trade 5: MU couldnt break the wedge again. Trade 6: tried to get in again and it popped but with no juice. Trade 7: pendant breakout, i stopped out just before it did breakout, shouldve made my stop further away. Trade 8: trend trade on MU/reverse ABCD, got 1 partial then out at b/e Trade 9: trend trade on AAPL, added on another pullback. got a partial then tried to add again, shoulve waited for confirmation on that last add, then stopped out. Trade 10: the double shooting star on the 5 made me think reversal but didnt work out. Trade 11: trend trade which went my way, i added then by mistake added LOADs so panicked and got out pretty swiftly. Trade 12: this felt like a pendant breakout but no luck Trade 13: another pendant breakout which worked, got a partial then tried to add when i saw a triangle forming at the top but it went the other way. Trade 14: tried to get into the trend on MU, made a double top so i switched positions but stopped out annoyingly before it made the move up. Trade 16: trend trade again and then left my comp with a stop set and came back to being stopped out.
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5/9/19 feel good today decent sleep. such a frustrating day. ended up quite in the red, first time ive really experienced greed and it really messed me up when i should be in the green. 10 trades: 1 winner (wedge breakup) 1 should be winner but got greedy (pendant) 8 losers (5 min ORB, engulfing open x 2, no setup x 4, wedge breakdown) Trade 1: 5 min ORB, volume seemed bearish, got in on a pullback made a hotkey error and got in twice but apart from that it was a great trade that didnt go my way. no complaints here. Trade 2: this was pretty bad, second 5 min candle engulfed the first so got in with a bad entry, stopped out, got in again, stopped out. broke my rule of only doing 1 trade at the open. Trade 4: i was waiting for a VWAP bounce to go long but got impatient so went long, added and stopped out, clearly my psychology was messed up by this point. Trade 5: then traded it the other way when i created a wedge in my head, stupid trade. Trade 6: same thing again. Trade 7: simple overtrading. Trade 8:this was a better wedge and got in just before the pop. Trade 9: wedge breakdown, got a late entry and it didnt really have any juice so stopped out. Trade 10: this trade REALLY messed me up. saw a pendant, got in just before the pop, added on the way up but i was late because i havent configured the add to exsisting position hotkey yet, and i was about 6 Rs up on this trade and wouldve been well in the green if i got out but i got really greedy and held it hoping it would go higher since i already made so much so quickly and ended up losing everything.
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4/9/19 feel pretty tired today, bad sleep, but its another short day for me so just gonna learn what i can while im here had a pretty good day, 2 winners totaling about 8R, then had 2 small losers totalling 3R but carried on even though i hit my target and got another 2 losers. but still a pretty green day. and another 2 losers... waa and another 2 winners hooraaah and now calling it a day with 7.5 Rs in the bag. 10 trades 4 big winners (5 min ORB, VWAP play, pendant x 2) 6 losers (triple bottom reversal, wedge breakup, VWAP play, wedge breakdown, trend trade bad setup, abcd/ VWAP play) Trade 1: 5 min ORB on MU, bullish volume, low volume pullback, great entry, good partials, survived the VWAP test. great trade. Trade 2: saw the triple bottom form but was making lower highs so shouldve waited for confirmation. Trade 3: ROKU making higher lows against resistance., went long but stopped out, wedge wasnt perfect so not A1. Trade 4:broke above VWAP, waited for it to retest, went long survived the second retest then waited until i started partialling. Trade 5: couldnt lose VWAP to the short side, saw a lot of buying come in, morning star on the 5 min, was confident about this but was against the trend. Trade 6: another wedge breakdown but the wedge wasnt great again. Trade 7: trend trade got in on a pullback but shouldnt have taken this i dont usually do well at these. Trade 8: MU bork out of a consolidation phase with volume and started consolidating again, went long with stop at the support. all the time and sales were suggesting a long but i guess all the stops got triggered at once and it dropped. given almost all my earning back now... boooo Trade 9: pendant formed on ROKU, got in just after it broke with volume, didnt stop out (love Kyles hot key ) and got a nice profit Trade 10: then saw the exact same thing on SBUX straight after i got out of roku and did pretty much the same trade. made back all my losses and then some finishing my day 7.5 Rs in the green.
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3/9/19 really bad week last week, think ive made the decision to stay in sim for another 3 months when this one expires, need to put emphasis on putting a proper playbook together and only taking trades when they meet all the requirements. going to need to study charts to put it together so starting next week im going to be putting more hours in to do this as im busy this week. Had a much better day today, trading day was cut short as i had some stuff to take care of but had a good morning. ive rearranged my DAS a bit so im watching less stocks, but i have more montage and time and sales windows open so i can pay more attention to the level 2 data which i think is helping me get a feel for the strength of stocks. i find it annoying that when you use the montage window to look at a new stock, it only has recent exchanges in the time and sales, hence why now im watching less but dont change stocks throughout the day so i can see all the large trades that have happened to get an idea of strength. 4 trades: 3 winners (5 min ORB, false breakout, wedge breakup) 1 loser (not really a setup) Trade 1: 5 min ORB on SNAP, volume increasing with bulls, low volume pullback, great entry, good partials then out at b/e. great trade. Trade 2: AMD went below VWAP after a long choppy period so went short but stopped out as i kinda realised it wasnt a good setup. Trade 3: MDCO was weak at the open, came above VWAP then lost it with volume, went short for a decent trade and got out when it started increasing with heavy volume. Trade 4: saw lower highs being made so went short at the top of the triangle, i think i prefer these entries when i can draw a clear line on the descending side of the triangle, it gives a bit more room for a stop. i had to leave half way through this trade so set a trailing stop, otherwise i wouldve taken a partial at a level on the chart for more profit, but still hit my daily target.
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30/8/19 feel kinda awful this morning, external things getting the better of my mood/mental health but trying not to let it keep me down. so if it starts to go terribly today i may stop early but still gonna give it a go. seems i cant win recently. even the triangles weren't my friend today. 13 trades: 2 winners ( no setup x 2 lol) 11 losers (5 min ORB, 15 min ORB, no setup, VWAP bounce x 3, wedge breakdown, wedge breakup x 4) Trade 1: 5 min ORB, volume wasnt with me. Trade 2: 15 min ORB after a low vol pullback got in, but bounced strongly off a daily level. Trade 3: tried again stupidly... Trade 4: got in again after it bounced off VWAP but stopped out. Trade 5: and again... Trade 6: same thing on marvel. Trade 7: kindof a wedge breakdown but the wedge wasnt quite right so shouldnt have taken this one. Trade 8: wedge breakup but same not quite right wedge. Trade 9: wedge breakup with no pop Trade 10: wedge breakup, didnt get a partial then switched positions at b/e then switched again before b/e for some profit. then stopped out. stupid over trading. Trade 13: switched positions again for some profit but no setup.
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29/8/19 got a bit drunk last night so not feeling my best. pretty bad day, not too sure what happened think im just hungover. nope i didnt take good setups, was too keen today ill get a good sleep tonight and refresh. 9 trades: 1 winner (descending triangle/triple top reversal) 2 break even (ascending triangle x 2) 6 losers (ORB, ABCD, no setup x 4) Trade 1: 5 min ORB on ANF entry on a pullback, no luck. gonna try pay more attention to the level 2 for ORBS which ive been practising today after the open. Trade 2: looked like an ABCD on the 1 and also a slight ascending triangle but went against me. Trade 3: again kinda ABCD/ ascending triangle, got 1 partial then out at b/e Trade 4: no idea really what i was thinking here. Trade 5: descending wedge but not really, terrible entry as was on SSR. bad trade. Trade 6: think i was chasing a trend trade here, bad again. Trade 7: ascending triangle which made a good pop but didnt have the juice to carry on. Trade 8: This was the only good trade of the day, descending triangle at the top of an uptrend which sent the stock all the way down to where it opened, i got out too soon though when it started making higher highs and lows on the 5. still a nice profit.
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28/8/19 had a much needed long sleep last night so feeling better today. Also configured Kyles risk per trade hotkey last night which i think will help me massively managing my share size, i wanted to be able to do it by myself but i think that can be a later goal when im more competent with other aspects of trading. Had a pretty interesting day. started really bad and hit max loss. carried on because want the experience and didnt feel too messed up psychologically. had a really good last trade of the day that i was in with norm kurt and aiman although i did get in it without them prompting me too, then went and did thor and aimans workshop about triangles which is what ive been most successful with recently and came to realise... im not gonna be an andrew type trader, Thors way just makes so much more sense to me and doesnt make me lose loads at the open, so from now on im going to have 1 try at an ORB then wait at least 15 minutes until i trade. once ive mastered some simple patterns ill come back to the open. and another thing ive realised i dont really make any real attempt to read level 2 or time and sales while im trading, which im now going to focus on learning. so not a great day trading but made some really good realisations about myself and trading style, and have gained some direction with my progression. trades 11: 3 winners (descending triangle breakup, pendant breakup, ascending triangle breakup) 8 losers (ORB, bearish engulfing, ABCD x 3, VWAP bounce, pendant breakdown x 2) Trade 1: all volume looked bearish so went for the ORB but stopped out. Trade 2:went for the bullish engulfing pattern but again just nothing going my way. Trade 3: this looked like an ABCD with a daily support level. went long but stopped out at b/e when it didnt crack HOD and started to dump. Trade 4: ADSK was really strong, looked like it rejected VWAP so went long but setup wasnt ready yet. Trade 5: took this pullback on ROKU when it was kinda extended already and stopped out Trade 6: traded a pendant on TIF, thought it broke out the bottom but id didnt so stopped out, then when it broke out the top i took it for a nice trade up. Trade 7: ascending triangle on roku got a nice pop then out at b/e Trade 8: this was an ABCD but the pop wasnt there so stopped out. Trade 9: drew this weird pendant but turned out to just be a long consolidation phase. Trade 10: Triangle on ADSK, it broke out the top with volume and was already so strong so went long for a huge trade making back all my losses and then some.
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27/8/19 been away for a while at a family event but back and still keen to carry on where i left off. had a pretty bad day, not feeling great tbh think i need a good nights sleep still. Trade 1: 5 min ORB looked really strong at the open but bounced off some resistance and couldnt make another move up, almost got back in but stopped myself which is something. Trade 2: after a strong open JNJ was consolidating and felt it was gonna pop up again and it did so got a nice trade and out when it looked weak. Trade 3: looked like the start of a trend trade but was just a fakeout, shouldve waited for confirmation. Trade 4: the first part was kinda a wedge/pendant so got in on the breakup and got 2 good partials then tried to get out at b/e but missed my hotkey and gave a lot back.. trade 5: after it bounce off VWAP i went long and then stupidly added straight away which brought my stop higher so i got stopped out when if i didnt add i wouldve survived the pullback. Trade 6: got in again shouldve just left it by this point, overtrading. Trade 7: Teva was a descending triangle but not very steep. i went short at the breakout but it didnt break so i flipped my position, then it bounced of the wedge i drew so stopped out, then it went back up, broke my wedge and i got in again for a good trade but set a stop and walked away and came back and it was done.
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27/8/19 been away for a while at a family event but back and still keen to carry on where i left off.
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21/8/19 feel okay today, pretty tired. had to have a nap just before the premarket show. still putting a big focus on patience today.] 10 Trades: 5 winners (wedge breakup x 2, top reversal, ABCD, trend trade) 4 losers (wedge breakdown, ABCD, VWAP bounce, top reversal) 1 stupid b/e (ORB) Trade 1:i stupidly chased TGT up and didnt control my share size properly then averaged down at VWAP and then got out at b/e because this was stupid. really awful stuff here. very ashamed Trade 2: LOW was hitting support but making lower highs so went short but stopped out, again without controlling my share size so took a much bigger hit than i should. Trade 3: NVDA was strong and making higher lows and hitting resistance, so went long expecting a breakup and got it with nice partials. Trade 4: after NVDA made a double top and started making lower lows i went short for a reversal, got one partial then out at b/e because NVDA was so strong it was probably going higher. Trade 5: when i got out i thought the 5 min looked like a perfect ABCD so went long but stopped out, i shouldve had my stop loss lower down because it didnt break the support. Trade 6: once NVDA retested the support and it held i went long again for an ABCD and got a nice trade. Trade 7: this was stupid really PDD wasnt trading well, i shouldve just left it. Trade 8: saw a beautiful wedge form on TGT so went long in the wedge and got a really nice pop. Trade 9: thought it was reversing, but held the support which was resistance, shoulve waited for confirmation. Trade 10: Fav trade of the day. after being strong all day NVDA was slowly selling off, it punched below VWAP, i waited for a really good entry on a pullback, waited patiently didnt stop out, got 2 partials well above 2 R, added to my position on a shooting star on the 1 min and then got 2 more partials on the way down. just this trade doubled my daily goal and i think i managed it well so im pretty happy
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20/8/19 feeling average today not good not bad, just been watching some of people recaps specifically robert H and found it veryy useful and has inspired me once again so thank you Robert now focusing on patience today. And what a day, most profitable yet 4 trades: 4 winners (ORB, wedge breakup, bottom reversal, top reversal) Trade 1: 5 min ORB, got a good entry just above some support and chose my share size right this time or i wouldve stopped out. waited for a pop and got 2 good partials then stopped out above b/e. Trade 2: SPRT was very strong, saw it hitting resistance but making higher lows, drew my wedge and got in just before it popped with stop below the wedge for a really big move, averaged 4 Rs this trade. Trade 3: saw NVDA couldnt make a new low on the 1 and a shooting star on the 5 so went long with a great entry and rode it all the way to VWAP. Trade 4: saw SRPT made a double top kinda at a daily level i had, it started going down with volume so went short with a small size since extended from the top, got a partial at 1R then out at a new 5 min high since the stock was so strong at the open. really happy about my trades today.
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19/8/19 feel a bit groggy after the weekend and had a bad day last friday which i forgot to journal. pretty bad day, not sure what im doing wrong really, over trading maybe. 11 trades: 2 winners (ABCD, VWAP bounce), 9 losers (5 min ORB x 2, bulling engulfing, VWAP bounce, flase breakout, trend trade x 3, top reversal). Trade 1: tried for a 5 min ORB twice on MU and stopped out both times, this is gonna be a new rule, if you stop out on an ORB, dont trade it anymore in the open because i do this way too much and it never goes my way. Trade 3: went for an engulfing pattern on the 5 min but stopped out. AMD was too choppy. also volume wasnt really suggestive of a bullish move. Trade 4: saw an ABCD pattern on a strong stock, looked like it was about to pop so went long for a very nice trade. Trade 5: NVDA came right down to VWAP and rejected it, went long with small size and then added after a hammer candle for another very nice trade. Trade 6: tried the same thing again but stopped out because i moved my stop loss up, but this did do what i thought. Trade 7: thought this was a false breakout so shorted but stopped out. Trade 8: AMD looked like it lost VWAP so went long, added after a hammer but stopped out Trade 9: after a hammer on the 1 went long on a strong stock hoping for a pop above the daily level but stopped out. Trade 10: again thought it lost VWAP but was just chopping around. Trade 11: double top on ROKU shouldnt have sshorted such a strong stock...
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16/8/19 feeling okay again had a bit to drink last night with an old friend so spent the morning in bed but still a bit ropey.. really bad day, kept breaking all my rules and hit double my max loss. not how i like to end the week Trade 1:
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15/8/19 feel okay today very medium not much to report. had an odd day, a pretty frustrating start but once a took a break came back to make 3 pretty decent trades so ended up just in the green and calling it a day. 11 trades: 8 winners (VWAP reversal, False breakout, VWAP bounce, trend trade x 2, booty reversal x 3) 2 losers (chasing an ORB, trend trade) 1 what the fuck was i doing. (overtrading AMD) but my winners were small/average winners and losers were full sized. Trade 1: didnt find a good 5 min orb so chased cgc and stopped out. not a good start. Trade 2: thought AMD was doing a VWAP reversal, didnt partial at VWAP which was stupid then i saw how it bounced so flipped my position for a profit and profited some on the way down. Trade 4: CSCO already bounced off VWAP so after it bounced again i went long, got 1 partial then out at b/e. Trade 5: to be honest cant really describe my thought process here. was just overtrading AMD gonna leave it at that. ill try not to do it again but we all know i will... Trade 6: WMT was weak at the open, it made a big pullback but rejected the 9 on the 5 min so went short on the way down got some partials then out at b/e. Trade 7: CGC bounced off the 200 on the 1 perfectly so went short at the 20 with a very tight stop and got all out when it reached the 200 again expecting another bounce, quick scalp. Trade 8: WMT was looking like a trend, got in on a hammer, added after the next hammer that was a higher low but reversed on me. Trade 9: MU turned very bullish, so i went long at a consolidation as the MAs were crossing and got 1 partial at VWAP then out when it wasnt making higher lows. Trade 10: CGC looked like it was reversing and also broke out of a lower highs area so went long for a nice move up. Trade 11: third reversal in a row, made 3 successive higher lows so went long after the third one for a nice move up and out before b/e overall feel okay about the day, wish i didnt trade the open and get worked up tbh, but taking a break did a world of good.