Brendon

+$577 Trade Recap: TSLA Short from Camarilla Pivot R6 Rejection Trade Date: 6/13/24 TSLA gapped up on Elon's shareholder vote support for his pay package. We saw a run up to a very extended R6 and wicked rejection to the penny. Initial short entry was small in case we squeezed higher and I would stop out. Saw weakness in QQQ and a 2nd hard rejection of R6, added more, then final add was when we failed to test again. Targets were liquidity orders from the L2 ladder at VWAP, R5, and final covering was at consolidation opening range at $187. *Today's trade goes to Thor's Cam Strategy education (and instilling confidence with taking the same setup today using it) thanks buddy for teaching us Camarilla Pivots!!! #TESLA #TSLA #CamarillaPivot #VWAP #Short

I was thinking about a script to stop out and auto flip your position but I wonder how to differentiate between stop outs after partialing vs stop outs w/o partialing. Not sure if that is possible. Also thought it over and it's probably best practice to simply stop out and manually re-enter the trade, sounds boring I know but probably the smarter method.

+$281 Trade Recap: TSLA Opening Range Breakout, Pre-Market Bounce, VWAP Breakout, and Double Bottom Trade Date: 6/10/24 Entry/Exit: 1st Trade was very fast, saw a bounce off PDL and thought we could squeeze above VWAP to PDC. Went long at VWAP, partialed at S1 heavily and left the remainder for PDC. Exited fully as coil snap backs to VWAP are common and Tesla is volatile. 2nd Trade: Bounce of S3 and went for a scalp to VWAP and possibly S1, we squeezed up but had a hard reject at S1 and got stopped out B/E after a few partials. 3rd Trade: Very nice bounce off Pre-Market Low/Double Bottom, great wicks on 5-min, went long for a break of VWAP towards HOD, QQQ was also breaking higher. Partialed at S1, PDC, and R1. Tesla did test Pre-Market high but we were fairly extended at that point. #TSLA #TESLA #OpeningRangeBreakout #VWAPBreakout #PreMarketBounce #DoubleBottom

+$317 Trade Recap: $AMD PDC Break and VWAP Short Stop Out, $NVDA PDL Bounce and VWAP Breakout Trade Date 6/7/24 Entry/Exit: AMD had a hard reject of PDC and I went short in anticipation of a VWAP break but we squeezed right back up breaking PDC and I stopped out at a loss. Thought we may reject again but was holding above PDC and R1. Jumped in long since R2/R3 were close and order book was building a bullish ladder/huge bullish candle. Held all to almost R3 (no partials). My goal was to make back what I lost, we were extended, and I thought a pullback would of stopped me out after a partial. It came close! NVDA bounced from PDL twice, nice wicks, went long for a break of VWAP towards S1, partialied on the way up and exited at S1. I loved this trade since I had a good entry and survived a pullback to VWAP. #AMD #NVDA #VWAPBreak #PDCBreak #StoppedOut

+$1983 Trade Recap: $AMD Daily/VWAP Bounces/Camarilla Pivots, Overtrade Scalping! Trade Date 6/6/24 Entry/Exit: Trades today were quick scalps based off momentum/scalping, no holds longer than a minute or two. First trade, AMD sold off quickly, saw a bounce of YYH near S3, went long looking for a scalp to the 9EMA 1-min for first partial then 20EMA. Trade worked but got stopped out at B/E after a couple partials. Second trade, PDC was holding and we were above VWAP, went long for breakout towards R1 and Previous Day High, trade worked out great, partialed on the way up to PDC, momo was slowing and exited fully. The next few trades were some scalp shorts/longs that I took below VWAP, nothing worth noting besides the quick momentum break towards S2. Later trades were choppier, a perfect example to end your day and not let over-trading set in. I was eager to trade after taking a few days off and it shows. Trades after 9:40AM I did not make much reward. #AMD #Overtrading #PreviousDayLevels #VWAPSqueeze, #CamarillaPivots #Scalping

+$398 Trade Recap: $AMD LOD Break, $TSLA VWAP Scalp/Breakout Trade Date 5/29/24 Entry/Exit: AMD rejected VWAP early, pulled back to the 9EMA 1-min and trended lower. I went short towards LOD/PDL and liquidity of large ASKs @ $165, stop was a new 1-min high towards VWAP. Added more as I felt the break imminent and partialed out at LOD break, S5, and at a daily moving avg. TSLA was pulling back towards the consolidation area at S2 and I was looking for a quick scalp to VWAP. Stop was break of $175 (200SMA 1-min Pink line). Added more at S2 and partialed out at VWAP. Re-entered again a little early for a break of VWAP, stop was break of S3 this time. Added more after a nice bullish 5-min booster candle and decent 1-min bullish candles. Target was PDC and exited fully. #AMD #TSLA #ScalpVWAP #VWAPBreakout #LODBreak

+$566 Trade Recap: AMD VWAP Breakout, TSLA Extreme Reversal Trade Date 5/28/24 Entry/Exit: TSLA Extreme Reversal bounce off Yesterday Low/S5 level. Partialed in initially, then added as the bottom was holding, stop was new Low below YL/PDC. Partialed out at VWAP and 9EMA 5-minute then got stopped out at B/E. AMD was reversing to VWAP, strong DOJI on 5-min with good volume and strong 1-minute bullish candles @ 10:02 indicated possible squeeze above VWAP. Went long, stop was loss of previous day's close. Targets were R1/200SMA on 1-min, 20EMA 5-min, R2 and above. #AMD #TSLA #VWAPBreakout #ExtremeReversal

Hey Alan! That's a great feeling to have success with trading early on, welcome to the BBT family. Remember each trader has their own strategy and approach, no two traders are exactly alike. I would suggest to follow you initial plan to this trade and do not deviate from what is working for you. You can always tweak your strategy for the next trade and lock in more profits or avoid a large loss.

+$694 Trade Recap: TSLA Bounce off PM low VWAP Squeeze, BABA Bounce of PM low, AMD Bounce off PDC Trade Date 5/22/24 Entry/Exit: TSLA quick momentum squeeze above VWAP trade, saw a few wicks bouncing close to PM low. Target was S1, stop was break of low of day, partialed a few times and got stopped out at B/E. AMD was holding PDC nicely after a massive selloff, QQQ was running up above VWAP, went long, 1st target was 20EMA 5-min, then VWAP, then large order @ $168 and S5/PM high. Stop was break of PDC. Partialed on the way up but did not hit my final target and decided to exit fully. BABA was a bullish engulfing play on the 5-min, went long after break of VWAP, stop was >50% retracement, added on the way up toward PM high and S4 (large Asks sitting higher in the $85s and PDC), partialed and got stopped out at B/E as there was a hard rejection above S4. #TSLA #BABA #AMD #PDCBounce #VWAPSqueeze #BullishEngulfing

Trade Recap: AMD Bounce off PDC Trade Date: 5/16/24 Entry/Exit: I was looking for a reversal off a strong level Previous Day Close. AMD has been doing quick selloffs in the first few minutes then a pop to VWAP and higher. This is known as the Fallen Angel pattern, gap up pre-market then quick selloff at the open and a move higher if it holds VWAP. PDC held and wasn't even tested, I went long, stop was below PDC/S1. I added more at the VWAP breakout but had a bad fill, lots of chop and whipsaw action, then quickly partialed at R2 and 200SMA and got stopped out at break-even. Saw QQQ bottom forming and a bullish candlestick @ 9:34 and went back long AMD heavy size for a breakout towards R2 and liquidity at 161.50 and 162 which was the 50 SMA on the daily (potential resistance). Exited fully at R3. Lesson: Watch for a bounce with AMD after a quick sell-off. AMD is one of those stocks can take a few minutes to find direction, you may get stopped out during those whips, once the move start happening you can re-enter with conviction and make back any losses. #AMD #FallenAngel #PreviousDayCloseBounce

Hey, ill have to screen record the L2 and screenshot it next time, thanks for the idea!

I have been having success with vwap pullback trades lately. I'll keep it short and sweet What I saw in this setup was a strong 5 minute bullish candle and a 50% pullback to vwap. This aligned with pre-market high, holding the 9ema on 5min trend, above R4 and holding previous day high. Stop was below R4, target was R6, HOD, then a large liquidity grab at 170. Gave about 3-4R.

I used CMEG back in 2018-2019, I was one of their first accounts, they have been known to change their process without warning. They initially had no end of day wind-up closing positions on margin then randomly one day with no notice liquidated my positions. Things probably have changed a lot since then but you may need to give them a call and go over everything you are wanting to do before you do it. They also complained about providing an end of year statement when I requested one. I have since moved to IB and have been reasonably happy.

This is way more useful then MSNBC! I'll be checking this out, thanks J dog!

@leilijHey! Congrats on going live and keeping it small. Handling losses is something traders never fully gain control of...so instead of trying to completely remove yourself from that emotion I focused on improving my accuracy. I found that being very picky on my setups helped me 'outweigh' my hulk days. For example last week I was up $800 then had a 2K unrealized, instead of wasting time sitting in the trade and potentially turning that loss into a 4k loss (which would be very hard to come back from), I took the loss and moved on. I was down $1200. I changed my approach to now work on smaller modest scalp trades and ended to the day green $800. Accuracy has helped me become profitable along with minimizing my losses. You reach a point where how much money is enough? Money became a less interesting driving force and it was more about 'can I trade well and win at the game'. I'll admit at the start it was all about the money lol. That's when I began to improve my trading.

Oh! In that case I would use a blend of huge L2 orders sitting at daily or intraday levels to partial out (if they are there). But if you're at work and want to set limit orders, you cant use the L2 that far down the line, so I would just set those orders to daily levels, high/low of day break or pre-market, whole or half dollar numbers, and previous day high low areas. I wouldn't use % for anything.

Hi Justin, I would never use a % amount, I would use the $ amount you're comfortable with losing in that trade without wincing too much/increase heart bpm when you get stopped out lol. Also use a $ amount that wont blow up your account either and you can absorb several losing trades without affecting your typical position size buying power ability.

If i had to rank them it's charting (everything in the chart window) at #1, L2 #2, tape #3 in order of significance for my style. Would i trade without all of these in front of me, no I wouldn't. I also would not trade unless all of these indicators were meeting my standards. If you email CMEG with what market data plan you want they will provide it to your account. That's how I did it at least.

@hailchaser2 I find the hardest parts of trading come down to two things, letting winners outrun your losers (so not ending your winning trades too early) and stopping out when you're wrong. If you're able to do those two things consistently (in Live) you are a god. Then all these quantified goals and excel spreadsheets can be thought up to maximize your profits. Moving from profitable in SIM to LIVE is more than just changing tabs in the montage The easiest part of trading for me is finding setups actually, it was easy making money, but not easy to stop losing money in a trade. When that losing trade comes and it will, that's when you're tested.

Hi Phil, just my 2 cents budding in as usual, I would not use a fixed $150 loss per trade (although that could be helpful from blowing up of course). I would always use R/R. Your long term green success is a ratio of your accuracy and r/r per trade. You throw an arbitrary number in there and it will mess with it.

@Justin Wow great job Justin on this! Although im more a 'visual' than a 'to the penny' guy, it is important to know what's going on with the 'click to trade' feature and using Kyle's scripts.

Hi! Unfortunately this is VERY risky. I would leave adding to a position for the more experienced traders who understand how a stock 'may' pullback and to test what levels. If you add properly this can work in some scenarios. This stock pulled back to test VWAP and gave you a chance to get out at ~b/e. However there is NO guarantee a stock will allow you any pullback to get out. Especially in Trending and MOMO movers. If you're interested in adding to a position, review the setup on the 1, 5, and 15 minute time-frames prior to entering and adjust your stop accordingly because if the setup breaks down on those time periods it's time to fold. Let's say you want to risk $50 per trade, if you want to use an adding in strategy your initial entry should be like $15 so you can get 2-3 more adds without blowing your risk out of the water. With Kyle's keys you can replace your stop when you add in, and your new stop will be your new position size. Remember only ADD IN if the setup makes sense on the larger time-frames and your initial risk was smaller anticipating this possibility.

@Justinoh sorry I forgot to mention you have to double click on the chart for your new stop then hit the kotkey with the amount you want to add (but you prob did that). I used the hotkey from BBT's Automatic hotkey youtube video..in the description. I can paste my script if it doesnt work. It seemed to work perfectly for me, it just cancels your old stop order and adds more, say the $50, with a new stop of your position size per symbol.

Jumping in her as well, say you use the scripts with $50 risk with a hard stop, and you want to add another $25 or $50, you can hit the keys again (assuming you have two keys one for $25 and one for $50 risk). This will reset your stop out price to the new one with the new position share count. You are adding to your position so you will need to be aware what you are hitting and keep a mental note. I havent tried to Scale-In POS% yet, that could be simpler/superior coming from Kyle I dont doubt it

Welcome! Take a look into one of the offshore non-PDT brokers, like CMEG. They are good beginner broker where you don't have to commit so much. Our website has information and some deals with them I believe.