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AAgnostic

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Posts posted by AAgnostic

  1. Posted

    37 minutes ago, Mark D. said:

    nice! i'd recommend position sizing your sims trade as realistic as possible to what you plan on taking on your real trades. i did the same thing you did taking 1000 shares in sim but now i only take 100 shares live so when i started trading live i had a hard time scaling out because the commissions are a considerable chunk of each trade on small share size so i started scaling out less. Same with commissions, make sure you're taking commissions into consideration.

    I did not do that and it threw me off trading live. So once i went back to sim again after a couple weeks, i positioned and took commissions in to consideration and it made the transition back to live trading go much easier. 

    Thanks for your feedback, I will definitely keep in mind my sim share sizes vs my live share sizes. Well, right now I'm using CMEG. The commissions + ECN fees are per share so I think I can scale as much as I want which is nice. 

    • Like 1

  2. Posted

    25 minutes ago, Mark D. said:

    Hi AA, 

     

    thanks for sharing! these are live trades correct? have you considered lowering your share size can help with you're wanting to get out early. great trades! missing more of a move on a winner is a good problem to have

    Hi Mark! 

    These are just sim trades. I forgot to mention that! I traded with real money before, but didn't do so well so I've been trading in SIM for 3 weeks or so. Well, usually I try to lower my share sizes if I am unsure about the trade or if the risk is too much 🙂

  3. Posted · Edited by AAgnostic

    I'm AA. I've been trading on and off for over a year now. Recently, I want to take trading more serious so I start to record my trades in a journal. My result hadn't been great, but I usually have some kind of ideas/excuses on why I would take a trade. So by writing this journal on BBT forum, I hope to get some feedback about my trades so I can improve as a trader. Anyway, I've been red all week so my goal for today was to make a few good trades and be done for the day. By doing so, I will be able to gain back some confidence in my own ability. Today, my main watch list is AMD, CROX, PX and WLL. My side watch list is QCOM, MU, and SPWR. Usually the side watch list are for stocks that price too high for my account or I don't have share for short, or maybe penny stocks. 

    Trade 1: I saw that AMD had a strong open. I took a 1 min ORB when I see that it bounced back from VWAP on the 1 mins chart. 1000 shares at $30.66. My stop loss is below VWAP. Sold 600 at $30.7 which is high of the day. Then the rest towards the 200 SMA on the 5 mins chart for a profit of $70.40. I usually don't take trade in the first 5 mins so I was scared of the volatility of market in the first 5 min. As a result, I took profit way too early. As you can see, I scaled out way too early too... Missed out on a 60 cents move 😞 Good trade, but bad management.

     

     pp.thumb.PNG.9b35b35e12e949237fb29c286301e4f5.PNG

     

     

    Trade 2: CROX gapped up a lot. It sold off badly in the first 5 minutes. This is probably the sign of share holders and swing traders taking profits. I saw that CROX bounced back perfertly from $24.6 level. That is the 200 SMA level on the daily chart which is an extremely strong support level. Then, I saw CROX pushed up above the MAs and VWAPs. It consolidated at this level. On the 5 mins chart, CROX seemed to hold the VWAP. I went long at $25.69 for 1000 shares. Stop loss is a bit below VWAP. Target is at around the @25.99 level then high of the day. Anyway, I sold 600 at $25.91. 240 at $26.05. The rest was supposed to be sell at $26.35 but it dropped 12 cents on me so fast that I sold it at $26.23. Profit of $304.80.

     

    pp1.thumb.PNG.4d29833542fc2569c3a26e72058fa4c3.PNG

    Overall, today is a good day. I missed two opportunities today. One was on WLL. WLL gapped down a lot. I saw that it reject the VWAP and wanted to go for a 2 mins ORB, but then I saw that the spread was 10 cents! So I didn't take the trade. Right now it has SSR but I think it didn't have that at the time.

     

     pp4.PNG.b9b6293ee791d9573857f9b6ee1aa9d8.PNG

     

    Another missed opportunity was on SPWR. It gapped up a lot due to good earning. The last 20 mins of the pre-market seemed like it was ready to pop up. Well, I saw a strong open in the first 5 mins, I was waiting for it to pullback to test VWAP. If it holds VWAP then I can go for ABCD + ORB strategy. Well, I saw the pattern on CROX around this time and decided to trade CROX. Next thing I know, it skyrocketed without me 😞

     

    pp5.PNG.365f4601a2c35e02ae05725eb4935ab6.PNG

    • Like 3

  5. Posted

    18 hours ago, JenniferL said:

    Symbol: NVDA
    Entry Date: July 25
    Long or Short: Long 
    Entry Price: $175.85

    Stop: $173, Previous Day Low
    Target price : $184 (Upper Bollinger Band 50;2.5)

    I am trying out free version of Tradervue to see if this is a good way for me to journal,  but I cannot export my journal, so I am just copy/pasting!

    I considered this trade when I saw pullback on the daily chart July 24. I saw an ABCD pattern forming. Also, appears that SMA 20 is crossing SMA 200.

    Bought at 15:16 50 shares at 175.85.

    Entry could have been better. I did not see a new low on the 5 minute chart at 15:10 candle and got panicky. It went down all the way until close at 175.07.

    Did not initially do a good risk reward analysis. Stop out at meeting of SMA 20 and 200 - $168.00 For 2R the stock would have to get to 191.55 which was a level in April, but not the first good level.

    On Sunday July 28, read about Bollinger Bands. Used BB 50;2.5 Set new stop loss between previous day low and previous day close- 173.00. Used upper BB to set take profit at $184.

    I like the idea of trading in the upper range of the BB. Need to learn more about how to set them.

    NVDA Earnings report on Aug 15 after close, so I need to get out before then.

    Can't wait to see what happens tomorrow!
     

    chart.png

    Hi Jennifer! I was going to take that trade on DUST too, but I got chicken out at the last minutes lol

  6. Posted

    12 hours ago, Mark D. said:

    Hi AA, 

    i'd be happy to share journals with you. if you don't mind posting your trades in the forum, you could post over here with some other traders and myself:

    https://forums.bearbulltraders.com/forum/11-day-trading-journals/ 

    i'm sure the other guys would be happy to give you feedback as well. if you're not comfortable with that you can always PM me your trades.

    Thank you Mark. I will be posting my journal there or send you my journal. I don't know yet. I checked out the trading journals section of our forum and it seems that some of the threads get no response from others 😕

  7. Posted

    Hello, BBT Traders. You can call me AA! Well, I've been messing around with trading for over a year now. It is recently that I want to truly become better at it. I started to day trade seriously in simulator for almost 2 weeks now. I have a journal to study about my trades. Sometimes, I am very confused about my trades. It seems that I make the right trade, but it didn't give me the result I wanted. Given that I can be extremely bias towards my trades. I thought that it would be nice to have a study partner so that we can review each other's journal so we can both improve. Please leave a comment or send me a message if you're interested. Thank you so much!

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