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Bailey Nevener

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Bailey Nevener last won the day on January 18

Bailey Nevener had the most liked content!

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About Bailey Nevener

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    Bailey Nevener
  • Birthday March 8

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  1. Peak Capital will be starting soon, the current session ends on the 22 of April.
  2. Just waiting to close my DBX position out at 35 or for PCT to start. Whichever comes first.
  3. Hey guys I had a trading day where I started trading at 1:00 a.m. after studying calculus all night and I didn’t stop trading until 11:00 p.m. and I was down $7,000. I had an amazing green month up to that point and blew it all up at once. I use to have risk controls that stopped me out at $-250 loss, but unfortunately since I had the open DBX position I didn’t want to get automatically stopped out. Therefore I disabled them. I decided I would wait until PCT started and just use the consistency I garnered the last 3 months and take it into a funded account by them. It should be easier since my buying power won’t be restricted by my DBX position and emotionally I won’t be risking my own money. After I close out my DBX position in the future I will re enable my risk controls and make money from there. Until then I’m just mentally recouping from that massive drawdown. Thanks for reading fellas!
  4. Wow great job shutting it off after you hit your max number of trades losable. That's tough after a green streak. I was scared for that on Friday lol!
  5. I know! We might actually make it this time lol! I had a couple close calls, like on Wednesday and today, so I have to make sure that I stay on top of my mistakes. I'm due for a red day though lol I feel it. My main focus right now is to try to stay on top of my 'bad' trades (impulsive 1 minute entries etc...) because I found out that was actually the main thing giving me red/breakeven days. My edge is pretty much dependent on being able to add, add, and add some more based on the price action. I move my average and stop fluidly to stick in trades. And since my Interactive Brokers account balance was so close to 25k for the past month and prior, it actually really degraded my consistency. It seems that 35k is probably as low as I can handle with that 2400 DBX position. What about your trading?
  6. Best week in terms of green to red day ratio I've ever had. It must be the streaming that is keeping my real-time decision making accountability up.
  7. Got an early start at 04:25 market time. Will trade at the open later. That puts me at 693.49 on the week, which is basically 14R. I might just trade small this morning. Date March 26, 2021 Status (Live/Sim) Live Net P&L $370.30 Quality of Life (Kept Short) Bedtime: 2:00 a.m. / 5:45 a.m. Direct Questions What did I do well? I kept my directional bias in mind and didn't let myself get into trades (after getting messed up short at the open against my will) until I had a confirmation they were bidding over a particular price. AKA I wasn't entering early (after the emotionally difficult open) I got out at HOD basically because of the classic cycle through that happens on T&S when pullbacks happen. I also correctly mentioned the area where one should consider taking a significant portion of their position (where a lower high was made) and then add back on through HOD if it ends up working. I didn't get re-involved after making it past goal amount. What could I have done better? I could have not have my buying power restricted to 1/4!! AHHHHHHH Is the performance pressure I feel increasing or decreasing? Decreasing, today went well. I am going to make sure that I stay on top of my stock selection going into the next week. Increasing pickiness with the 60 minute range breaks. I need to be careful not to bet on reversals from LOD too much because that is an amazing quality of stocks at All time highs and Hype stocks. Stick to the regular range break strategy etc.. Is the current way I am trading going to lead to long term success? Yes, need to get better sleep and I need to get more buying power! ** As a separate note I am very fortunate to have the ability to talk to people while I am trading. ** ** It really keeps my brain turned on regardless of the pressure to perform. ** Weekly Review RISK MANAGEMENT Risk per trade (RPT): $50 Daily Goal: $250 Max Loss : $250 Ratio: 50 : 250 : 250 or 1 : 5 : 5
  8. Date March 25, 2021 Status (Live/Sim) Live Net P&L $193.65 Quality of Life (Kept Short) Bedtime: 3:00 a.m. / 5:45 a.m. Direct Questions What did I do well? Reviewing video. What could I have done better? Reviewing video. Is the performance pressure I feel increasing or decreasing? Decreasing, my consistency is doing well, however I feel very committed to getting green days, so I need to be careful about trading past ten, especially if my P&L is negative. Is the current way I am trading going to lead to long term success? Yes, I got a new screen, but I still need to get better sleep!
  9. Date March 24, 2021 Status (Live/Sim) Live Net P&L $21.58 Quality of Life (Kept Short) Bedtime: 1:00 a.m. / 5:45 a.m. Direct Questions What did I do well? Reviewing video. What could I have done better? Reviewing video. Is the performance pressure I feel increasing or decreasing? Decreasing Is the current way I am trading going to lead to long term success? Yes, I got a new screen
  10. Date March 22, 2021 Status (Live/Sim) Live Net P&L $238.88 Quality of Life (Kept Short) Bedtime: 3:00 a.m. / 5:45 a.m. Direct Questions What did I do well? I cut my losses quickly on BABA. I stuck purely to my strategy. I quit while I was ahead on my P&L and early! What could I have done better? I could have had MSFT on another screen so I could have taken the range break. I took an impulsive entry on BABA back through the open despite the worse R:R. I need to reign that in so my psychology isn't at risk for a couple of dollars. Is the performance pressure I feel increasing or decreasing? Decreasing, DBX is working, and my accountability structure is increasing. I have also defined my trading strategy a little better. Is the current way I am trading going to lead to long term success? Yes, I need to get more screens and get good sleep!
  11. I reviewed my trades, and it seems that eliminating bad trades should be my main focus right now. I took over 150 in losses on NIO from 1 minute entry, forced trades. I took a 60 loss on PLTR instead of 25 because I hit 1R stop loss instead of 0.5R. I also missed out on 100 gain from FB on one of my long trades because I hit the Panic Sell button on accident instead of the Set Price hot button. I am going to focus on trading my strategy calmly and being cognizant of the bad trades that are bashing my edge in. I am also going to double check that I am hitting the correct hot buttons.
  12. Date March 22, 2021 Status (Live/Sim) Live Net P&L $125.28 Quality of Life (Kept Short) Bedtime: 2:00 a.m. / 5:45 a.m. Direct Questions What did I do well? I held Facebook until it got to my profit target despite the unfamiliar waiting time necessary for later day plays. I anticipated the hammer on Facebook at LOD and took advantage of the bias I had on it to have a sizeable winner back through the open. What could I have done better? Still needed to stop at 10:00 a.m. Not taken an impulsive trade on NIO twice. It was only motivated by the 1 minute chart, and it had no higher timeframe backing. (Think bigger picture to capture bigger moves with higher % accuracy) Is the performance pressure I feel increasing or decreasing? Decreasing, DBX is working, and my accountability structure is increasing. Is the current way I am trading going to lead to long term success? Yes, but I need to reinforce or come up with a way to ensure trading will not continue after my time limit.
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