Neil

7/9/2020: Achieved daily target. Goal: Clear, calm mindset. Goal: Finish in first 30 minutes if opp presents itself. Goal: Think about exits! As the moving averages converge, 2 minute cross over. Goal: multiple signals and CONFIRMATION CANDLE. 🕯 Watch: BABA NKLA BBBY NIO CCL Results: ✅ Wrong on first BABA move, observed the reversal due to shooting star, and turned direction with trade. ✅ Avoided false positives, MAs in the way, too big wicks, lack of confirmation. ✅ Waited for clear trends, reacted after confirmation. ✅ Exited Baba at 5 minute moving average. ✅ Observed levels. ✅ Partialed and let it run instead of just taking profits. ⭐❌ Watching P&L too closely to hit daily target. Should watch the chart. ❌ Looking at NKLA, it didn't look too reliable on 1 and 2 minute, just 5 minute! It went my way but it was kind of lucky, not a great entry. Took because of low R:R. But could have reversed. Should have went for BBBY instead, but the volatility wasa ttractive. It was moving away from MAs, and my target was 2 minute MA. But riskier than I like. ❌BBBY - amazing move potential on 10%... actually went down to 18%!!! Clear move. Missed it. BABA NKLA

7/8/2020: Achieved daily target. Goal: Calm, patient mindset. Wait for the "killshot". Goal: 2 minute/3 minute orb. Goal: Pre-research had great potential movement from SQ and WKHS. Goal: Multiple confirmations from 1, 2, and 5. Goal: Wait for confirmation before moving. Goal: As few trades as possible, one and done or 3 trades max. Results: SQ 2nd 1min candle broke away from the VWAP on the 1 minute, and I took it. Stop loss at VWAP. Partialed twice and set breakeven stop, waited for a run, but took the profit on the potential downturn. 🤔 1 minute breakouts feel pretty challenging to read, but in this case this was the move I was waiting on before the market went so I took it. If you see a clear pattern you'd like to enter, I think it's OK to go in at the 2 minute. We'll see as I test this further in future trades.

7/7/2020: Positive, but only 30% of target based on other trades. Goal: Patient mindset: I don't need to make a move unless the setup is excellent. Goal: One and done. Trade in first 30 minutes. Goal: Wait for CONFIRMATION on entry. Don't need to be EARLY to enter. Review the PLAYBOOK CONFIRMATIONS and MULTIPLE SIGNALS. GOAL: Multiple signals: Breaking away from VWAP, Opposite moving averages, no prior big wicks. 1,2 and 5 minute trends. Goal: ORB and ABCD trading strategy. After first 3 minutes, until 10:30am. Look for confirmation and multiple signals. SQ - I should have only partialed at 122, and instead sold 100% to keep that last bit of profit. I went for a false VWAP breakout to make up for it.

7/2/2020: 3X daily target, one and done. Goal: Patient mindset: I don't need to make a move unless the setup is excellent. Goal: One and done. Trade in first 30 minutes. Goal: ⭐ Wait for CONFIRMATION on entry. Don't need to be EARLY to enter. Review the PLAYBOOK CONFIRMATIONS and MULTIPLE SIGNALS. GOAL: Multiple signals: Breaking away from VWAP, Opposite moving averages, no prior big wicks. 1,2 and 5 minute trends. Goal: ORB and ABCD trading strategy. After first 3 minutes, until 10:30am. Look for confirmation and multiple signals. Results: What I did for today's successful trade: ✅ Reviewed previous trades from July 1, 2020. ✅ Looked at 1, 2 and 5 minute chart for patterns, to AVOID false positives. ✅ Looked at pre-market movement, and understood there could be a continuation of trend after sell off. ✅ Bought after confirmation right up to MA. ❌ Should have bought AFTER it moved past the MA for confirmation, it could have been a resistance, and it did hesitate. Sold half at target, then another half on next spike, then set stop at level below high VBP in case that was a resistance before another move. 🤔 Today was a VERY green day, which made it much easier. The MA mistake could have cost me on a different day.

7/1/2020: Did not hit target Goal: Calm mindset. Goal: ⭐ Wait for CONFIRMATION on entry. Don't need to be EARLY to enter. Review the PLAYBOOK CONFIRMATIONS and MULTIPLE SIGNALS. Goal: Set a clear target. Goal: ORB and ABCD trading strategy. After first 3 minutes, until 10:30am. Look for confirmation and multiple signals. Watchlist: BYND (possible fallen angel, surge, drop, consolidate, go.) AAL FDX UAL INO Todo: ✅ Traded calmly, waited for setups. ✅ Tighter stops, respected them and moved on. ✅ Multiple signals: Looked at 1, 2, and 5 minute, VWAP, and MAs before considering earlier trades. Fell off later as I chased. ⭐ Do more: Look for CONFIRMATION for a safer trade. ❌ Learn more about ABCD and VWAP reversal signals. ❌ Started chasing after a few trades. Was experimenting a little, but ultimately the goal is to curb this completely and wait for good setups. BYND: Looked for VWAP cross with high volume, high R:R, user error for quick sell, but entered after a bit of movement confirmation over VWAP. More confirmation to wait until it broke above the 2 min OR would have been ideal. INO: WEAK entry on attempt 5 min ORB, didn't double check the 1 or 2 minute, which would have clearly showed potential for a downtrend. Always confirm multiple signals. Big lesson and while I lost on this trade, finally got it. Later I made a few VWAP trend trades that were profitable when we broke the LOD, but high risk, not a great R:R. Was chasing. FDX: Catalyst on earnings. 2 min ORB. Considered candles, levels, set a target for high of day, close to VWAP. A little risky when looking at the 1 minute. Entering at 160.5 would have given better confirmation. UAL: VWAP Reversal, went through VWAP with high volume. Good 2R attempt with tight stop loss. Thank you. I'm trying to build a foundational mindset and playbook, and then carving it into my habits. My instinct is this is going to take a lot of time. Are you setting up a playbook too?

6/29/2020: ❌ Did not hit target. Goal: Calm mindset. Goal: ORB and ABCD trading strategy. After first 3 minutes, until 10:30am. Look for confirmation and multiple signals. Goal: Move based on the chart, not the P&L. Goal: ⭐ Wait for CONFIRMATION on entry. Don't need to be EARLY to enter. Review the PLAYBOOK CONFIRMATIONS. WKHS ❌Should have waited for more confirmation here. I sensed a downward trend, it was close to the VWAP, good R:R, but if I had waited for more confirmation about whether it was a false breakdown or not, I could have avoided it. I was greedy to catch the move near the VWAP. ✅ Respected the stop loss and exited, closed out the day as I hit daily loss limit. ✅ Back to the playbook to study.

Appreciate this overview, thanks Jarad. 👍

I've been keeping a journal on SIM for the last few months. Now it's time to share it and eventually ask for feedback on some of the moves. 6/29/2020: ✅ Hit daily target. GOAL: Calm, organized, mindset. no fomo moves, look for clear signals GOAL: A clear ORB move with multiple confirmations. Watchlist: BYND - Near an important level FB - Catalyst and negative trend BYND: Entered twice at 10% of BP. Need to change that to 20% of BP as I usually take a double position. Target was my level at pre-market review level of 129. In Recap: ✅ Did a calm pre-market for BYND and FB to see levels. ✅ 🌟 AVOIDED FALSE POSITIVES. When other signals are indicating choppiness, lack of follow through. ✅ Missed some moves and didn't feel FOMO. Stuck to looking for a clear ORB based on several factors including pre-market. ✅ Picked a stock I knew with, BYND, FB. Understood their moves. ✅ Only 3 trades. 👍 ❌ ORB is hard to set a target in high speed. ❌ Should have sold 50% and set the breakeven.