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Bailey Nevener

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Bailey Nevener last won the day on January 18

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About Bailey Nevener

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    Bailey Nevener
  • Birthday March 8

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  1. Date January 20, 2021 Status (Live/Sim) Sim Net P&L (w/ECN Fees) -260.95 Current Equity N/A Quality of Life (Kept Short) Bedtime: 12:00a.m. Direct Questions Did I wait through the first minute? No. $GME What did I do well? I didn't cancel my stops when I placed them. What could I have done better? I could have placed my stops further away since today's stocks in play had very questionable Time and Sales speeds. Is the performance pressure I feel increasing or decreasing? Decreasing a ton, I am investing in DBX to finish off my debt. Is the current way I am trading going to lead to long term success? No. I need to really figure out how to 'stay out' of a stock if I don't feel like they are trading optimally. What can I improve about my process? Verbally talk through my trading day. Not sure when I will be in the right setup to do that.
  2. Welcome to my Trading Progress Overview! Hello, my name is Bailey Nevener. I have been a Bear Bull Trader since early 2018. I was in the US Navy on and off deployments until I was honorably discharged at the end of July 2020. That is when I became a lifetime member! I hope to one day post a month with only 4 red days out of 20 like these other maniacs on BBT! These records are intermixed live trades and simulator trades. I just got over 25k by day trading in my live account, but I am investing in $DBX until my debt is paid off. Here's my YouTube channel replaying the live trades: https://www.youtube.com/channel/UCkK2SWIsYGuWm1gtlbD2C4w Here's my simplified daily journal on BBT: https://forums.bearbulltraders.com/topic/2516-youtube-video-journal-see-the-progress-profitloss My goal with this is to never miss a trading day, win or loss, and record it on this chart. It is very difficult to do surprisingly. I have been trading for much longer than my TraderVue subscription. Halfway into doubling-down on trading I subscribed. It's insane how inconsistent one's recordkeeping can be! 2020
  3. Date January 19, 2021 Status (Live/Sim) Sim Net P&L (w/ECN Fees) -379.54 Current Equity N/A Quality of Life (Kept Short) Bedtime: 4:00 a.m. / Awake 6:00 a.m. Direct Questions Did I wait through the first minute? Yes. What did I do well? What could I have done better? Is the performance pressure I feel increasing or decreasing? Is the current way I am trading going to lead to long term success? What can I improve about my process?
  4. Date January 15, 2021 Status (Live/Sim) Sim Net P&L (w/ECN Fees) -283.43 Risk controls stopped me out. Current Equity N/A Quality of Life (Kept Short) Bedtime: 10:40 p.m. / Awake 5:31 a.m. SUPER READY TO TRADE! Direct Questions What did I do well? I identified a good long term trade premarket on the 60 minute on PLUG. What could I have done better? I could have not traded in the first minute because I am forced to trade on WIFI and this lag is going to end up killing me. I need to wait until I am in my own house. Is the performance pressure I feel increasing or decreasing? It is staying the same. Is the current way I am trading going to lead to long term success? No. I cannot trade in the first minute while I am on this WIFI. What can I improve about my process? Weekly recap Here's my new background:
  5. My Net P&L was ridiculously far beyond what my DAS risk controls would let me lose. I ended up revenge trading the money back, so I don't have the P&L screenshot. Date January 14, 2021 Status (Live/Sim) Sim Net P&L (w/ECN Fees) -250.00 Current Equity N/A Quality of Life (Kept Short) Bedtime: 1:47 a.m. / Awake 6:00 a.m. Direct Questions What did I do well? Manually stopped on SPCE pre-market. What could I have done better? Had my buying power triple checked so I didn't miss out on a winning trade like the one on FCEL that made me a little emotional. I could have had a 0.5R stop after catching the small move up on SPCE that would have allowed me to hold for the bigger move without getting stopped out on a small pullback. I just added the two hotkeys "0.5R Stop" for tomorrow. NEVER CANCEL MY STOP LOSS! Unless I exit the position manually before it hits! Is the performance pressure I feel increasing or decreasing? It is staying the same. I am in somewhat of a flat-line in equity growth right now, but no big deal. I feel that it will shake itself out with focus. Is the current way I am trading going to lead to long term success? No, in this video I was extremely emotional and placed my final stops extremely close to the current price and cancelled my stop. I CANNOT cancel my stop and expect to be successful with my style, it will not work over time! What can I improve about my process? Weekly recap
  6. Skye, If your account balance drops below 25k at any point you will be locked out from placing any more trades. I have personal experience of this through the DAS platform. Intra-day, if your balance drops under 25k, you will receive an error message that basically says, "Dear trader, because your account balance falls under the PDT minimum you cannot place anymore trades". You will have to bring your account balance over 25k to even place another trade. Your account will not be closed however. Bailey Nevener ============================== My YouTube Trading Journal https://www.youtube.com/channel/UCkK2SWIsYGuWm1gtlbD2C4w
  7. Date January 13, 2021 Status (Live/Sim) Sim Pretty frustrating, but it is the way it goes. Net P&L (w/ECN Fees) +269.26 Current Equity N/A Quality of Life (Kept Short) Bedtime: 12:00 a.m. / Awake 6:00 a.m. Direct Questions What did I do well? I used stops that were far away pre market because obviously we can't actually use stop orders during that time. I held my positions to a reasonable target or until breakeven. Except AMD What could I have done better? I could have added and held during the 1 minute ORB on NIO through the HOD and partialled at 2R. I could have trusted my stop of that lower high on AMD. It was lower high and lower lows on the 5 minute chart, so no need to exit. I did not stop trading after hitting goal. But I did stop after the profitable impulsive trade. Lets see if I can do that if it is a loss! JK just stop trading! Is the performance pressure I feel increasing or decreasing? The pressure is staying the same. Waiting on my account to be funded yet again is annoying. I've been up and down on this account for about a trading month. Is the current way I am trading going to lead to long term success? Yes. I am trying to increase my laser focus and watching Aiman's recaps etc... is really helping me stay on track. I think the trading environment was easier for me today. What can I improve about my process? Still need to do weekly recap.
  8. Date January 12, 2021 Status (Live/Sim) Live Just stopped out again! Net P&L (w/ECN Fees) -323.50 Current Equity $24,991 Quality of Life (Kept Short) Bedtime: 10:30 p.m. / Awake 6:00 a.m. Direct Questions What did I do well? I lost as little as I could premarket by taking the position off if things weren't working out (range breaking) 5 minutes prior to market open. What could I have done better? I could have taken a partial on NIO instead of adding because I was already pretty blown (psychologically) from the single trade (1 minute ORB) 2R loss on AAPL psychologically. Is the performance pressure I feel increasing or decreasing? The pressure is staying the same, I just wish there was an easier way to fund the account than using the ACH transfer that takes 4 trading days to deposit. I hate paying the 14 dollar wire transfer fee when I'm only depositing 100 bucks. Is the current way I am trading going to lead to long term success? Yes, I think this day just didn't work out for me personally. Risk controls are now set to: Max loss: 199 Total loss: 250 Count commission Enable auto stop What can I improve about my process? Still need to do a weekly recap.
  9. My trading video was corrupted because I restarted my computer after making goal for the day. https://www.youtube.com/channel/UCkK2SWIsYGuWm1gtlbD2C4w Here's my channel though if you want to browse! I remade my trading day and posted it using DAS replay. Date January 11, 2021 Status (Live/Sim) Live Finally back in the live account. Net P&L (w/ECN Fees) +$220 Current Equity $25,320 Quality of Life (Kept Short) Bedtime: 12:30 a.m. / Awake 4:00 a.m. (Dog woke me up) Living with parents / Income situation stabilizing Direct Questions What did I do well? I got out of my premarket position before market open to avoid the chop. Once the new 5 minute candle opened at 9:45 a.m. EST I allowed that 1 minute candle to break up or down. I took partials at resistance and put my stop loss at breakeven quickly. I added when higher timeframes were aligning with the trade. Range break, 15 minute hammer. I (tried) to stop trading even though I wasn't at the FULL goal amount (I was less than 1R away). Consistency first! What could I have done better? I'm not sure if banking on the bounce on NIO was the best idea, but it definitely worked well. Knowing the news beforehand really helped me make a decision, and my stops weren't greedy. Is the performance pressure I feel increasing or decreasing? Decreasing. Much less pressure than initial live account, even less than the second. Is the current way I am trading going to lead to long term success? Yes, as long as I use technical stops, am mindful of the volatility leading up to market open, and have cognizance of ATR and ranges, I believe this success will continue. What can I improve about my process? Make weekly recaps and identify my favorite days as well as my trading style / market conditions on that day. Here is a screenshot of the ACTUAL trading on NIO:
  10. Date January 4, 2021 Status (Live/Sim) Sim (Long break, continuing live on Wednesday) Net P&L (w/ECN Fees) +$254.03 Current Equity N/A Quality of Life (Kept Short) Bedtime: 10:00 p.m. / Awake 1:00a.m. (Couldn't sleep) Living with parents / Income situation stabilizing Direct Questions What did I do well? I discontinued trading after hitting goal so quickly. What could I have done better? I could have sold a major portion of my position and put my stop loss at breakeven to hold on for a greater move. Most of the time if I make goal on the first trade then my day will not be over the $250 mark by much. (If I make 5Rs on the second trade, I make $350+) Is the performance pressure I feel increasing or decreasing? Decreasing, I am going to make sure that I keep in mind to put my stop loss at breakeven after any profit taking, I don't think I wrote that in my daily guidelines. Is the current way I am trading going to lead to long term success? Yes, discontinuing trading after hitting goal amount no matter how good the day looks will certainly give me the consistency to pull the account away from the baseline with few drawdowns. What can I improve about my process? Make weekly recaps and identify my favorite days as well as my trading style / market conditions on that day.
  11. Date December 29, 2020 Status (Live/Sim) Live Net P&L (w/ECN Fees) +$328.50 Current Equity $26,041.82 Quality of Life (Kept Short) Bedtime: 1:10a.m. / Awake 6:00a.m. Living with parents / income situation stabilizing Building a buffer on the account, I would like 10 max loss days between me and the starting balance (~$2,500) Direct Questions What did I do well? I did not chase stocks premarket close to the open. I let my stops hit or not without canceling them impulsively. I also moved my stop up on a bad trade on $AAPL. THE BIG ONE: I took a partial at 2R or 3R and then put my stop loss at breakeven. This allowed a very smooth equity increase throughout the day. Took it easy and waited for a more obvious trade. What could I have done better? Changed the color on the upper horizontal level on $AAPL to indicate that it was the beginning of the wicks on the 15 min chart. I may not have taken the second long if I remembered I was going long into tweezer tops. Is the performance pressure I feel increasing or decreasing? Decreasing, I am going to be cautiously optimistic as much as possible as I work my way to the goal buffer ($27,500). Reimplementing the profit taking at 2R or 3R and moving my stop loss to breakeven really works for my psychology and trading style. I stopped taking mandatory partials previously and only moved my stop to breakeven when I hit a 2R amount, but I find that it is super tempting to move my stop or not place the stop at breakeven at all if I don't take any profit on a trade and it comes back to breakeven. The best rules are the ones that you follow! Is the current way I am trading going to lead to long term success? Yes, with a partialling strategy in place, placing my initial stop behind a technical level, and position adds. I feel like my trade management is congealing with my directional interpretations appropriately. What can I improve about my process? Make weekly recaps and identify my favorite days as well as my trading style / market conditions on that day.
  12. Date December 28, 2020 Status (Live/Sim) Live Net P&L (w/ECN Fees) +$108.33 Current Equity $25,713 Quality of Life (Kept Short) Bedtime: 11:00p.m. / Awake 6:00a.m. Living with parents / income situation stabilizing Building a buffer on the account, I would like 10 max loss days between me and the starting balance (~$2,500) Direct Questions What did I do well? I waited for obvious setups to form (obvious to me) instead of just shorting or longing every 9EMA bounce. What could I have done better? Do not buy a super short range ($TSLA) premarket right before the open. My order didn't execute to sell for a loss so I had a 2R loss before it sold. A review of the open showed clearly that TSLA was a great dip and rip, but I couldn't be in it because (predictably) I was stopped out by the shake out! I am not locking in any gains when I am up 2R+ or even 3R+ if it is on an initial pop! (1 minute or 2 minutes into the trade) I understand that I am trying to get bigger winners, but whenever these trades stop me out, often it is for a 1R loss which makes me even more emotional. Several of my trades in the past 2 weeks have been like this, therefore I am going to change the mechanics of how I trade specifically to protect my account equity. The 2R / 3R buttons will now take 25% of my position off. Every trade use one of these to cover commissions and take a little pressure off. Stop loss at breakeven after any profit taking. My main concern should be protecting the equity in the account. I should not find myself in a situation where a 3R winner turns into a 1.2R loss! Trading defensively will end up benefitting my psychology which is probably the weakest link in this equation. It will sacrifice a little bit of upside on each trade for a huge benefit in downside protection. Is the performance pressure I feel increasing or decreasing? Decreasing slightly. I am glad that today worked out, but I could have blown the account again. I am significantly more emotional since one red day has a huge impact on the probability whether or not I will have to add money to the account. Is the current way I am trading going to lead to long term success? No, eventually a day like this will end up blowing up my account. Refer to "What could I have done better" for the current solution. What can I improve about my process? I could record myself with live commentary and epic pen. This would enable me to think a little more rationally and keep a thought for longer than 10 seconds during the trading day.
  13. Date December 24, 2020 Status (Live/Sim) Live Net P&L (w/ECN Fees) +$222.50 Current Equity $25,605.01 Quality of Life (Kept Short) Bedtime: (In bed at 10:30p.m. but couldn’t fall asleep) 12:00a.m. / Awake 6:00a.m. Living with parents / income situation stabilizing / In first week of live account / last week account was stopped out / (Now) Account is fortunately closing the week at new highs
  14. Date December 23, 2020 Didn't trade yesterday, I was waiting for my account to be pushed back up to $25,250 so I could have a full loss amount available for a trading day. They ended up dropping the ball, so I saw if anything was good this morning and immediately made the amount I was going to deposit. Glad it worked out. Status (Live/Sim) Live Net P&L (w/ECN Fees) +238.40 Current Equity $25,382.61 Quality of Life (Kept Short) Bedtime: 12:00a.m. / Awake 6:00a.m. Living with parents / income situation stabilizing / In first week of live account / last week account was stopped out / very fortunate today gave me a winning trade first
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