Brendon

If we can rock the weekends that could be easier with traffic, maybe idk. I just moved to Sacramento about an 1.5 hours away and the wife wants to come to the city after she gets off work. But no big deal whatever you guys decide on i'll try to be there.

Hey guys, im down, not too keen on Friday though, wont traffic be a killer? But count me in anyway, ill be coming from Sacramento. Any chance we can do the weekend?

Thanks for posting this journal Rob. I did not screenshot my ARNC trades that day but wish I had. This is great for new traders to review some fairly simple common strategies used by us. I don't have the ARNC daily chart in front of me but I remember the stock gapping down near the 200SMA/EMA area, I think this is where the ORB decided to head and where you placed your levels. It's important to wait a few minutes after open to see if that level will be tested and it did beautifully. Also a possible sign to note would be that last long 5 min wick around 10:50, the final push by the bulls, helped confirm any attempt to start an uptrend was rejected and just general weakness above VWAP. The most important take away is try to scale out as you can see Rob did in many pieces and the trend trade later in the day never even came to test his B/E entry. The morning may be too choppy for this but if you take a trend trade later in the day it can pay off handsomely...just a good habit to work on for new traders. Solid trades with some stopped out chop to shake it up.

So I guess I can continue down this chain to post some of my trades. https://imgur.com/a/7Mtwb Today we are taking a look at 2 OMER trades from 3/22/18. This stock came up on our watch-list that Andrew put together, I very much liked the daily setup. First the SPY was selling off ferociously the previous day or two (which can only help push stocks down in my opinion, even though this stock wasn't following the SPY that closely). As usual I marked a few daily levels using the techniques Andrew teaches, 16.14, 15.92, 15.20. The stock could run up to the daily 200SMA so that was defiantly a concern to see were the traders were 'herding' together. I noticed pre-market that the stock did touch the 200SMA daily twice but failed to consolidate for long and hold that level. The two times bounce gave a more sincere move that the stock was weak, perhaps to test the consolidation level in PM around 15.20 but that was too much of a move for me to hold until. So when the market opened I watched around VWAP, saw the 200SMA on the 1 min and decided to go short for a quick drop to that level. If I saw that target, thousands of other traders saw it as well and could pile on...as the order flow and L2 was becoming bearish very quickly. The stock moved, consolidated, and fell lower to my previously mentioned daily levels. My stop would have been a 5 min close above the VWAP. Risky trade to go so early after open, but the double top PM, 200SMA on 1 min, and daily levels to the downside helped me decide to act short. Being so risky I quickly covered my entire position as it was close to a 80 cent move. I took her out to brunch as well around 10:10AM or so, saw a VWAP false breakout forming (long wicked 5 min candle and snap below VWAP on next 5 min candle) decided to go short to my 16.14 level, and the stock dropped exactly to that level, I covered and was done for the day. My stop would be have been another 5 min close above the VWAP. These trades involved eyeballing the T&S and L2 very closely to see were the order flow may be headed. Of course the stock continues to plummet down for the rest of the day, another VWAP false breakout, 2nd attempt, then continues to trend below VWAP, another strat Andrew teaches..but I was too busy at the gym with my other gains for the day to continue trading.

I never take anything the wrong way, I trade horrendous sometimes with no explanations. For this trade I was looking for a pop above HOD and thought I would get it at that 3rd peak but she fell and I ended up holding the bag a while. It was more a quick pop scalp play, a minute or less so my entries are a little shady. It failed to pop and continued to consolidate for hours, a better entry would have been around 1:15PM when it bottomed out like you mentioned but I was just in for a 10-15 cent scalp. My lesson here is that it looks like not enough consolidation occurred to get that pop I was hoping when I entered a 2nd time. Word got out I guess by afternoon and the final squeeze happened but by then I was traumatized and got out fast. My eyes were fooling me a little with TNEX, as the below Flat-top breakouts from today were a much cleaner squeeze. https://imgur.com/a/I08G2 https://imgur.com/a/ao6Xm https://imgur.com/a/zP3P6

TENX break of HOD, waiting for hours…not cool https://imgur.com/a/AkHMo I was looking for a break of HOD, the stock was not ready and ended up holding for over an hour, very painful. Reason behind not getting out was the 5 min chart looked like a nice grind up all day. Not the best trading practice and as a result I sold around $11 afraid of another drop. I need more experience and discipline. Next time I should wait for an actual break of HOD, not the anticipation. That way I would not have wasted my entire afternoon.

lol very nice how much? but dont think im a bearbull trader until i stop closing out huge losses and nipping runners short, Andrew is best at that. ...next project is an Andrew best hair day compilation

Thanks Jason for stressing the importance, I think I had the latest because I just bought the unit a couple weeks ago!

Traders, I am headed to Europe for a weak and half but before i go...CNET today https://imgur.com/a/G1gvA

+1 for mechanical keyboard, you get an actual 'click' feeling so you know the input has gone through, depending on the type of switch your mechanical keys are of course...they're are many.

A candlestick is a visualization of the price range (all the completed orders) of a stock in a given time period. The open of a candlestick is the first order to go through for that time period. The close of the candlestick is the last order to go through for that time period. And the wicks would be all orders to go through that are above or below the opening and closing prices. A bit too brief but hope that helps.

I'm always glad I kept my speakers loud during the day (for when the boss 'Andrew' hollers something) so I can jump back in. Heard Kodak announcing a blockchain initiative...voila a stock in play! Thanks for taking the trades in the afternoon Andrew!

Cool guys, yup im in Fairfield county, CT, ~55 min train ride to Grand Central

lol i just want someone to buy them, it's like trading but i win vicariously

Cool, works for me!

https://imgur.com/a/KQBU0