Christopher

Up to you sir! You can always just go in with small size, worst case scenario you have a few bad days, lose a small amount of cheddar, then jump back in SIM. I'm thinking i'll do the same here pretty soon

Just something to look out for, I've seen this quite a bit, there is a rejection on moderate/high volume, then 2 lower volume candles of consolidation, then a drop. I'd call this a bear flag, but I've done next to zero research on bear flags, haha. It looks like it though! : P It's good you waited you for the pull back. ABCD's are tough, in general the one's that have a strong move then consolidate sideways in a tight range offer the best r to r, but they're rare. You're doing great though! Just keep grinding away at all the strategies and find what you like, keep a close eye on spread, especially in the first 5 minutes. Don't let R count get ya down, 1 day at a time. Some ABCDs... Aiman's "W shaped" ABCD. (2nd bottom higher than the first)

Always great to have a day like this. Keep an eye on the level 2 on stocks like $Z, they tend to have a larger spread and near the open it's REALLY easy to get not that great of a fill. Nice job! : )

Consolidation is where it's at man, it's where trends start from. Bears push down and wait, we get consolidation on lower volume testing bull sentiment. No bulls present, Bears rally again. That's how I see it anyways. Nice job today, keep it up!

Ah, my bad. So, again this is just my opinion, there are way more experienced people around here. I've been at this everyday for about 9 months now. I think about 6 months in I was starting to reliably break even. Now, after nearly 9 months in, under the condition i trade well 3 to 4 days a week, I'm sitting at a reliable 5R-10R per week. That's with a daily goal in the range of 2.8R-3.3R and a max loss in the range of -2.8R - -3.3R. Now, it's clear to me that on days I grab 3R-4R off a morning play, I need to give myself the go ahead to push for 5R-10R days. Max loss days really hurt, and you'll have them. For example if I didn't hit max loss yesterday, and instead had a conservative 2.5R day, i'd be around 11R-12R this week, which would be about 3.3% of my account, which is actually insane if you extrapolate that out for even just 6 months. Instead, i'm around 5.5R. That's a big difference, and all it took was one day getting just a little too loose with an opening play, getting stopped out, then being slightly tilted and chasing a couple not so great trades. I feel like the more I trade the more I see that hitting the A+ setups and managing your winning trades is the easy part, keeping your losses small and infrequent is the hard part, it's the latter that drops the 90% out of the break even / profit bracket. If you can very consistently get in the range of 10R-30R weeks, then you can day trade for a living, period. A 5R daily goal sounds great, a 25R weeks sound great, and 100R months SOUND GREAT. But imo, you'd have to be a badass trader with a lot of experience to get those numbers. If you're pulling 100R months, i'd guess you're somewhere in the top .2% of traders. Hell, I think having very consistent 40R-50R months probably puts you in the top 3%. I have no data to support this, this is just what I feel to be the truth, or at least close to it. I think a 3R daily goal in the beginning is a great place to start. Also, any trade that you take should have the potential to hit at LEAST 2R. If you nail an awesome ORB at the opening for 3R, nice! you made it! If you're feeling good, keep going, but don't let yourself dip below 1R. if you get stopped out once at -1R, 2 good 2R plays or a great 4R trade will get you to daily goal. if you're down -2R and against the ropes, then 1 good 2R trade will take you back to break even. gl! : ) -Chris *edit* I should also add that I only trade the first 30-90 minutes the market is open, if you're trading all day then maybe a 5R-10R daily goal is more realistic? But I'm not sure..

Hey man! I'm not really sure about the fills, I haven't used Kyle's keys live. @Justin would know. And just my opinion, a lot of people might disagree, but I think it's reasonable to just stay in SIM until you're getting consistent 5R-10R weeks, which is a lot harder than it sounds if you keep honest records. Keep at it! -Chris

Get a stress ball, just something to keep your hands off the keyboard until 2:1 lol! Sometimes I pick up my guitar when my rational brain knows I need to wait but my emotional brain just wants early profit. Better yet maybe try all or nothing 2:1 trades, no partials. I remember watching a video of Aimen doing that because he was exiting too early. You had some good trades today, I like $AMD after that 5 min engulf. Also per your journal I started meditating prior to the open, I do about 10 minutes guided, then 3 min silent, i love it, I'll never stop that for as long as I continue to trade. Hope all is well, keep it up!

Excellent trading on $NIO Friday, great entries, great partials. It gave a great rising devil entry right at the open, I didn't notice until after it made it's move. I was long biased expecting more of a squeeze at the open, but when it's downtrending like that in the premarket i think that's a good indication it's going to continue.

SQ wicked you out to the penny, little bit of bad luck there. WFC probably took a hundred traders through the meat grinder before making a move! : p I feel like I always get chewed up trading the banks, we're talkin 4 billion+ float. That's a lot of shares man, sometimes they do move nice though. Shake it off, you've been doin great.

What's up and welcome! You'll get a good sense for where you're at after a few solid weeks of trading, looks like you had a good day! Keep it up, I'm around if you wanna chat. I'm about 8 months in to Day Trading, still in SIM, I have a forum post in here entitled "Chris's daily trade talk" where i do video recaps / trade review. Day trading is a blast man, and learning is what it's all about! -Chris

Yo! Just an observation it seems like your quick scalps in the first 5 minutes are actually helping, where maybe 5 mins + being more patient might increase the R count. Your hit rate is insanely high! keep it up, grats on the good first week back!

Only nerds partial at 1:1 <.< ... >.> 0.0 *drops mic*

I was watchin it in the morning, I think the spread was a little too large and I ended up dropping it, normally I stay away from stocks that are $100+ I don't have that great of a reason other than it seems to be that stocks that trade sub $100 have a lot more respect for whole / half dollar amounts /shrug. Hope all is well man, keep it up!

Right at our entry yesterday (791 + 209 + 69 + 791 + 3) * 100 = 186,500 That's a lot of shares dude lol Here was the money 1 min orb play today, trap those bears and get a nice squeeze before the run down. I love it!

we took the opposite trade on $MU, I took it long on the 1 min orb to the upside for a break of $52 there was a wall of about 200,000 shares being sold there, I knew it was significant but didn't realize how much till i checked my recording, it almost broke it, but then got stuffed down. I'm not that big of a fan of $MU, it always seems to trade with wide candles, it wicked me out on an ascending triangle later in the day too, it was a great entry and broke my way. You should be proud of your month man! Really, great job!

Here's my take on this trade and why it was so cool! A descending triangle is when the bulls are remaining firm at some level, in this case it was right around $76.45 but the bears are growing in strength, so each time it bounced off of $76.45 it wasn't able to break a previous high, i.e each bounce is (roughly) lower than the previous, price can only trend this way so long until it becomes wedged in to a super tight range, when that happens price will always break out, how strong it breaks largely depends on volume. So a couple things happen when this level gets breached 1. The buyers that went long with their stops just below this level are forced to sell (+ selling pressure) 2. The bears short anticipating stop orders being triggered to catch the downward move (+selling pressure) Also, a few things happen when the market opens.. 1. The swing traders that took a position on $GILD are largely looking to sell at the open, especially if they're holding large positions because that's typically when they'll get the best fill (+ selling pressure) Gild had a very significant gap in the premarket ... So, it's reasonable to assume some of those traders who bought in the premarket dumped there shares at the open ( + selling pressure) And ALSO, It is highly likely that there were sniper short sellers anticipating this trade about 30 minutes prior to the open thinking "probably over extended and making a descending triangle, possible momentum short opening play" ( + selling pressure) Keep it up my man! -Chris

What up Andrew! So I'm not sure if you noticed or not but $GILD made a sick descending triangle in to the open. Taking a short for the breakout with morning volatility! So cool! Nice trade

SHAME! SHAME! SHAME! Nice reversal on GPS, notice the volume when it turned too, the volume is off the chain and the price barely moves, that's the institutions and big money dumping shares to the greedy buyers late to the party! If you get in at the top of a reversal the stock will almost ALWAYS bounce either off the 9 on the 1 or the 9 on the 2 or hopefully the 9 on the 5 (a nice place to take profit). gj!

Nice stats dude! Actually really interesting, I'd give it another month and see how your win rate plays out for long / short positions Looks like a solid week with clear improvement! That's what it's all about! Also, do you keep track of your weekly "R" count? That's the most important number for me, I'd like to get to a 10 R weekly average maybe based off 3-5 weeks of data before going live. If guys ilke Aimen are smashin 100R+ months there is no reason I can't do that, I don't care if it takes me another year. AHHH!

Hey @Valentin! A good rule of thumb that's been helping me out a lot lately is to never take a trade in the direction of the trend if it's extended from the 9 EMA on the 5. Stocks ALWAYS pull back 100% to the time and they are much more likely to reach the 9 on the 5 than not on a pullback, so to take a trend play when it's extended is just asking for it imo. I like your trading style and chart setup a lot ! I'd try adding the 9 to your 5 min chart and give it a go for a week For example on your $SPCE trade the 9 probably looked something like this, and the other entry you identified would have been great, specifically because it was respecting 16.85 AND was close to the 9! just imo! Hope all is well -Chris

If you ain't taking stupid uniformed trades you ain't learnin' bro! The market will humble you, no matter who you are! Everyone is still trying to improve, even if it's their first week in SIM or their 5th year trading live. Red or green day, if you learned and are a better trader because of it, then it was a good day.

That's the bees knees right there bro ! I took $KR off my list this morning because the level 2 was so sparse, but looking at it after it opened it was definitely playable, I gotta start focusing on catalyst stocks more! well played.

Nice catch on $SPY, really interestnig volume candles imo, especially the hammer on the 1 min it bounced from That's a whole lot of volume for a very narrow range...interesting...

Just like your $ZM trade yesterday on $BYND today, engulf on the 1min, and a sweet entry on the 2min. It's aggressive, but totally valid imo. Though it doesn't feel like it you're essentially entering for a break of HOD / LOD on these. I tend to stay away from the spready stocks at the open, but maybe that's a mistake on my part, I'm going to start giving more weight to a catalyst stock even if it's got a larger spread. Also I added the average volume, I'll see if it sticks, thanks. *Edit* Looking at it now there was really no volume in the pre-market, it definitely had a catalyst though.. interesting xd

I think that short on $ZM would have looked sweet on the 2min. You'd get a really strong inverted hammer, I think it would be a reasonable trade to take a stop at the 3rd 1 min candles high and enter at the break LOD, a later entry but a tighter stop. Two engulfing 1 min candles a hammer on the 2, validation from the level 2 and moving averages in your favor make it a valid trade imo, I haven't seen many lately. Nice trades today