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  1. DAY – 9.18.2020 Trades: 3 Symbols: 3; 5 (DT: AMD, SPY, DKNG; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept well, routine breakfast and preM show paired with PreM preparation. 1. Did you take 20-30 deep gut, clear mind breathes? – PASS 2. Did you review your Daily Psychology Dose? – FAIL 3. Did you prepare your pre-M checklist for ORB? – PASS a. Did you rehearse long and short possibilities? – PASS 4. Did you review your Big Picture document? – FAIL Goal for the day: Day Trades – Work on 2-min ORBs and find one or two PRs and CRs; Swing Trades – Manage partials/exits and average downs according to pre-set plan Daily Market Wrap-up & Week in Review: SPY has fallen below the 50 SMA on the daily, not a good sign for bullish sentiment. It was range bound and moving upward from 1:30 - CB but did so on low volume which also does not bode well for bullish sentiment. The Energy sector (XLE) ETF was at the bottom of the list with Health barely ending the day positive. In terms of weekly performance, Healthcare and Industrials lead the way, Financials and Energy in the mild and Communications Services leading the 'red' pack. WL: DAY TRADES: SWING TRADES: WKHS Broke $30 today, I am still holding some shares for the break out above $30. IBM: Added to my position on yesterday's PB. Holding this as big money rotates into 'safer' equities as elections approach. AMD Entered a swing at the low of day to hold over the weekend . Final Review Goal for Day: 8/9, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – FAIL 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – PASS 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade without P/L on screen or in mind – PASS 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – PASS 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Stay patient with a trade where I had to average up on waiting for the move. I did not chase any entries at the top of a range or at the D position of an ABCD pattern. I did not break my rule of only taking 3 trades today, outside of my ORB. Things I did poorly: Broke a rule set-up yesterday - I was playing a game: Take a trade in the morning and if I 'won' the trade then I could take a second trade. broke the game rules. Needs Improvement: Last few weeks I was doing a good job of performing comparative VPA checks – before entering a position I was comparing similar volume/candle bodies others previously formed during the day (1-min and 2-min chart). This was helping me get better entries. I NEED TO GET BACK TO DOING THIS CONSISTENTLY.
  2. DAY – 9.11.2020 Trades: 3, Green Week Symbols: 5; 5 (DT: AAPL, NKLA, AMD; Swing: IBM, WKHS, BA, APA, WDC, SAVE) Psychology: Slept well, routine breakfast and preM show paired with PreM preparation. 1. Did you take 20-30 deep gut, clear mind breathes? – new for this coming week 2. Did you review your Daily Psychology Dose? – new for this coming week 3. Did you prepare your pre-M checklist for ORB? – new for this coming week a. Did you rehearse long and short possibilities? – new for this coming week 4. Did you review your Before Trade Entry Questionnaire? – new for this coming week Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY sold off after a morning push up and then had a climactic reversal at 13:15 pm due, most likely, to $AAPL’s 1.5M shares sitting at $110 on the bid. Did $AAPL reverse the whole market? Basic Materials and Industrials saw strong moves on Friday, indicating big money is rotating into long-term equities. Basic Materials was also the only sector green on the week with technology sitting at the bottom at -5.16%. Technology was overdue for a healthy PB, IMO. WL: DAY TRADES: AAPL ( I did not get to this journaling session until Sunday, 9.13.2020, so DAS has been reset and I did not take Snag-it.) Overall grade = A+, Winner, 4R Catalyst: 1.8M share wall sitting at $110.00 Strategy: Climactic Reversal Trade Management: Overall, good. Wall of 1.8M shares sitting on bid at $110.00, I took entry on PB to lowest $ after reversal off of $110.06. fist partial at 50 SMA on the 1-min and 2nd partial/all out at 100 SMA on the 1-min. NI – Nothing, that wall set-up a ‘no brainer’ trade. If anything, I should have held shares for a bigger move up VWAP, would have gotten another dollar. NKLA ( I did not get to this journaling session until Sunday, 9.13.2020, so DAS has been reset and I did not take Snag-it.) Overall grade = F, Winner - Grade is based on not taking pictures of trade and not journaling in a timely manner. SWING TRADES: No changes at all this week. However WKHS is very strong, my swing is +65% gain to date. WHKS is now trading in a new range above $21.50, Stochastics are pointing upward and RSI on the daily is not yet showing overbought. Final Review: Goal for Day: 8/9, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – PASS 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade without P/L on screen or in mind – FAIL. Have been doing very poorly on this, looking at it after every trade. 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – PASS 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Persistence, not giving up on a trade set- up where I was slightly early on my 1st entry. Weekly: VPA: On Friday I did a better job of trading the open using the tape and L2. Big Picture: I did a good job of recognizing a trend day and not fighting it. Journal: I have not broken consistency in journaling habits. Things I did poorly: I have re-lapsed into trading with PnL in mind and on screen. Weekly: Rules: I am back at consistently checking PnL throughout the day, after every trade. Discipline: I am overtrading, taking set ups with poor risk/reward. Tactic: I need to rehearse in my mind ALL the possibilities of a stock’s PA for an ORB. Needs Improvement: Must stop trading with PnL in mind and on screen (fear and greed). I still feel like I am overtrading at times although my PnL is consitently showing green days, need to establish criteria and definition for overtrading.
  3. DAY – 9.10.2020 Trades: 1, no video recaps created today. Symbols: 1; 5 (DT: PTON; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept poorly, routine breakfast and preM show paired with PreM preparation. No meditation or breathing exercise - need to get back on track with this. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY gapped up overnight, then illustrated sold off all day. WL: DAY TRADES: PTON Overall grade = B, Winner Catalyst: Strong earnings reported after hours. Strategy: 15-min ABCD Trade Management: Overall, good. Good recognition of L2 bids holding up price action at $93.25 and again at $94.00 NI – The stop out at BE on trade #1 should have been an add, trust your L2 read even if its approaching your BE SL, in this case SL should have given a little more room (huge bids kept stacking up below the PA supporting the price levels. SWING TRADES: No changes Final Review: Goal for Day: 7/9, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – FAIL 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade with P/L on screen or in mind – FAIL 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – PASS 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Did not trade all day due to market not showing my set-ups. Things I did poorly: Not trust the L2 as it was showing bids to support move higher, I bailed on position to not lose profits. Needs Improvement: Last few weeks I was doing a good job of performing comparative VPA checks – before entering a position I was comparing similar volume/candle bodies others previously formed during the day (1-min and 2-min chart). This was helping me get better entries. I NEED TO GET BACK TO DOING THIS CONSISTENTLY. WL (possible plays tomorrow):
  4. DAY – 9.9.2020 Trades: 2 Symbols: 2; 5 (DT: AMD, WKHS; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept very well, routine breakfast and preM show paired with PreM preparation. No meditation or breathing exercise. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: Today, the market staged a rebound. The SPY gapped up overnight, then illustrated a trend day and sold-off at the close. The QQQ was up nearly 3% while other large-caps made gains too. Small-caps also participated. However, there wasn't much of a sell-off in the Treasury market. All sectors were higher, the only difference was the degree. Tech led the way, gaining a bit more than 3%. Basic materials and consumer discretionary rounded out the top three spots. At the bottom are financials (which are dealing with portfolio losses), real estate (which is dealing with the non-payment of rent), and energy (which is being hurt by weak oil prices). WL: DAY TRADES: SWING TRADES: No changes Final Review: Goal for Day: 5/9 FAIL 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – FAIL 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade without P/L on screen or in mind – FAIL 7. On green symbol stop trading it for the day if lost any amount of green P/L – FAIL 8. 3SYO – FAIL 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Did not take panic partials based on only on PnL, rather they were all technical partials even if the move continued in my favor. Things I did poorly: Still took too many premature entries on set-ups that were not quite ready, see needs improvement comments to correct and eliminate this. Needs Improvement: Last few weeks I was doing a good job of performing comparative VPA checks – before entering a position I was comparing similar volume/candle bodies others previously formed during the day (1-min and 2-min chart). This was helping me get better entries. I NEED TO GET BACK TO DOING THIS CONSISTENTLY.
  5. DAY – 9.8.2020 Trades: 3 Symbols: 3; 5 (DT: JPM, CCL, NKLA; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept very well, routine breakfast and preM show paired with PreM preparation. No meditation or breathing exercise. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up: SPY traded in a $4 range most of the day before selling off in the last 2 hours. Small caps showed mostly weakness and the VIX did not trade as expected given how the SPY traded, VIX sold off most of the day, UNUSUAL!! Expect a big SPY rebound tomorrow !? WL: DAY TRADES: Final Review: Goal for Day: 7/9, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – FAIL 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade with P/L on screen or in mind – FAIL 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – PASS 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Good job of sticking with the trade and getting the entry for Climactic Reversal (JPM). Good recognition of triple top reversal opportunity and on both shorts (CCL, NKLA) did not take panic partials. Things I did poorly: Still took a few panic partials on CR, need to pay closer attention to volume spike and partial on those candles and not on low volume PBs. Needs Improvement: Last few weeks I was doing a good job of performing comparative VPA checks – before entering a position I was comparing similar volume/candle bodies to like candles previously formed during the day (1-min and 2-min chart). This was helping me get better entries. I NEED TO GET BACK TO DOING THIS CONSISTENTLY.
  6. DAY – 9.4.2020 Trades: 3 Symbols: 4; 5 (DT: JPM, BAC, DKNG, AMD; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept very well, routine breakfast and preM show paired with PreM chart preparation. No meditation or breathing exercise. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Trade $DKNG based on last night’s thesis preparation – stay flexible depending on market sentiment. Find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY showed signs of weakness starting at 6am, it was trading on low volume and below VWAP. It had a major sell-off that started yesterday (9.3.2020), a much-needed correction – healthy. All sectors were red except for Basic Materials. However, Financials (XLF) made a strong move after the SPY ‘hit’ bottom, XLF basically closed at break-even. The latest ISM data indicates the manufacturing and service sectors are growing. The latest employment report shows the economy is still adding jobs at a decent rate. The SPY broke trends in multiple time frames – the Bears are making a strong effort to turn the overall market sentiment. Will the printers be enough to keep the rally going next week? Of significance, notice the volume on the 3-month SPY chart, increasing volume while the SPY is selling off. WL: DAY TRADES: SWING TRADES: No changes. WKHS making a strong move again today to close above $19 dollars, lets see if my thesis of $25-$30 holds up. Still holding shares for the break of $25; trading this with house money. Final Review: Goal for Day: 5/9, FAIL 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – FAIL 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – FAIL 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade without P/L on screen or in mind – FAIL 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – FAIL 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Persistence, I think I went red to green 2 or 3 times, finished the day 4X daily green, but it was a grind. Things I did poorly: Still took too many premature entries on set-ups that were not quite ready, see needs improvement comments to correct and eliminate this. VPA comparison was tough today. Overtraded. Needs Improvement: Last few weeks I was doing a good job of performing comparative VPA checks – before entering a position I was comparing similar volume/candle bodies with others previously formed during the day (1-min and 2-min chart). This was helping me get better entries. I NEED TO GET BACK TO DOING THIS CONSISTENTLY.
  7. DAY – 9.3.2020 Trades: 2 Symbols: 2; 5 (DT: RKT, CCL; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept terrible, woke up at 2 a.m. feeling like I had slept 8 hrs. Got up at 7:30 am CST to sleep a little more. Still had my routine of coffee, oatmeal and 6 egg white breakfast. Confidence level was good, but cautious due to lack of sleep. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY and everything else sold off all day, the market needed a good pull back. The SPY illustrated two legs lower. The sell-off took most of the gains accrued over the last two weeks. Oddly enough, Energy sector, which has been the perennial ETF at the bottom of the list was actually at the top today. WL: DAY TRADES: CCL Overall grade = C, Winner, 3R Catalyst: Gap-up, Institutional money rotating in on value buy? Strategy: 2-min ORBU Trade Management: Overall, good. Slightly late entrance and failed to add to position on ABCD. I had great preM analysis of 5-min ABCD forming, saw the gap on the daily chart to fill (up to $19), however I am still skiddish on ORBs, not executing the trade 'on time'. NI – Trust your analysis and do NOT hesitate on your entry - 'pull the trigger' RKT Overall grade = A+, Winner, +10R Catalyst: None in particular, morning gappers list and high RVOL. Strategy: Climactic Reversal Trade Management: Overall, great. I am my own worst critic so to give a trade and A+ is awesome and rare. The entry off the daily chart was excellent, the add on confirmation suites the overall market sentiment. The partials were all technically sound and not PnL driven. NI – Nothing. To be nit-picky, I could say that my add was late but given that the market was selling off all day I wanted a strong 'confirmation' of the move. SWING TRADES: No changes. Final Review: Goal for Day: 9/9, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – PASS 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade with P/L on screen or in mind – PASS 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – PASS 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Did not take panic partials based on only on PnL, rather they were also technical partials even if the move continued in my favor. Did not have premature entries (entries were VPA founded). Things I did poorly: Still took too many premature entries on set-ups that were not quite ready, see needs improvement comments to correct and eliminate this. Needs Improvement: Honestly hard to find something I did poorly today. I am very hard on myself so this is rare.
  8. DAY – 9.2.2020 Trades: 2 Symbols: 2; 5 (DT: CORT, DKNG; Swing: IBM, WKHS, BA, APA, WDC, SAVE) Psychology: Slept well, no mediations today, but I read some inspiration text from one of my favorite psychology books. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Find 1 or 2 parabolic reversals or climactic reversal. Find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY trended higher all day – it is getting a little bit scary at this point, need a pullback. Small-caps made a move higher after trading sideways for a few days ($IWM had an influx of $8.4B over the last few days). $QQQ has seen an outflow of $5.56B in the same timeframe. The sectors were led by Utilities and Communication Services. All sectors with the exception of Energy were in the ‘green’ today. WL: DAY TRADES: DKNG Overall grade = B, Winner Catalyst: Michael Jordan joining as stake-holder, preM gap-up on this catalyst. Strategy: Climactic Reversal Trade Management: Overall, good. Still took some premature entries forcing the reversal, but overall once the move finally occurred I did not chase it but waited for the PA to hold the 50 SMA on the 1-min chart to confirm move. NI – Reduce premature entries, use VPA comparative candle body/volume look backs to reduce the premature entries. CORT Overall grade = B, Winner Catalyst: Parabolic move on unknown catalyst, +8000% RVOL. Strategy: Momentum Scalp, Extreme Reversal, and Trend Reversal Trade Management: Overall, good. No premature partials, good recognition of Orb to downside before taking the reversal and catalyst strength I was looking for. It was a one and done day 8X daily goal. NI – Trust your entry on confirmation of level or MA or what you are trading off of, this trade was ~12R because SL would have been so small. SWING TRADES: WDC and IBM both made strong moves today, IBM is looking good with hedge fund and 'big' money rotating back into dividend and traditional long-term stocks. Final Review: Goal for Day: 6/9, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – FAIL 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – FAIL 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Do not trade with P/L on screen or in mind – PASS 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – FAIL 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Did not take panic partials based on only on PnL, rather they were also technical partials even if the move continued in my favor. Things I did poorly: Still took too many premature entries on set-ups that were not quite ready, see needs improvement comments to correct and eliminate this. Needs Improvement: Last few weeks I was doing a good job of performing comparative VPA checks – before entering a position I was comparing similar volume/candle bodies others previously formed during the day (1-min and 2-min chart). This was helping me get better entries. I NEED TO GET BACK TO DOING THIS CONSISTENTLY.
  9. DAY – 9.1.2020 Trades: 3 Symbols: 5; 5 (DT: INTC, WKHS, BA, SQ, WMT; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept well, no mediation today. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. INTC catalyst and/or find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY pushed to new highs, turned out to be a trend day after the SPY, it broke out of consolidation around 2 pm. Sectors were led by Basic Materials and Technology. We are currently seeing the tale of two trends as the large caps (SPY) presses higher but the small and mid caps (IWM) broke trend earlier in the month and are now trading sideways. WL: DAY TRADES: SWING TRADES: No changes on SAVE, IBM, WDC, or APA. WKHS Made a strong move today to close above $20, took some profits off at $20.50. Holding the remainder for the break of $30, trading with house money. Final Review: Goal for Day: 7/9, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Reduce amount of premature entries due to not waiting for strategy set-up to 'occur' and 'confirm' – FAIL 5. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 6. Trade without P/L on screen or in mind – PASS 7. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 8. 3SYO – FAIL 9. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #6 and #9 are game changers for my confidence and trade management. Things I did well: Stuck with a symbol that 'looked' to be setting up for my strategy - cautiously aggressive. Good rebound trades, adding to position to make up loses and more (not revenge trade). Good recognition of consolidation (accumulate position before bigger move). Things I did poorly: Need to do a better job of being patient and taking the trade when and only when the set-up is presenting itself. Stop having bias on trades (INTC), two days in a row 'wanting' this symbol to make a big move (Let the market tell you which way the PA is going).
  10. Hi Ranajit, Lots of youtube videos (Rayner Teo - if you are super noob), SMB capital more advanced, BBT channel a mixture of both, ASK everyone a lot of Qs, don't be shy. Read The Disciplined Trader, Anna Couling's 'A Complete Guide...", Watch Mark Douglas videosm 4 part series on Trading psychology. Check out my day trading journal forum, just type OTC's Day Trading Journal in search. Watch Chris' videos ( assuming you are since you are here). Carmine Rosato youtube channel (more advanced). Watch ZipTrader youtube for more basics. My youtube channel OTC's Trade Recaps but saem vids as my journal. Read Andrew's book. Hope that gets you started, plan to be in SIM at least 3 months but 'they' say it takes 1-2 years to know if day trading is for you or not....... good luck and don't hesitate to reach out.
  11. DAY – 8.31.2020 Trades: 3 Symbols: 4; 5 (DT: AMD, INTC, WMT, RKT; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept well, meditation included a psychology podcast. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. INTC catalyst and/or find catalyst stock from pre-market stocks in play. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY was range bound today. Bears won the sentiment battle today, 66% to bulls 34% (yellow box). All sectors were red except for Healthcare (+0.41%). WL: DAY TRADES: AMD Overall grade = B, Winner. Catalyst: Continued strength, stays on my favorites list, noticed it was trending. Strategy: Parabolic Reversal and Trend Continuation Trade Management: Overall, good. Good recognition of 'trend day' after shorting the stock and getting a decent short to 9 on the 5. Reversed my position for trend continuation. Slightly overtraded but had good understanding of PA and VPA. NI – Trust your small entry and wait for confirmation to add to position on PR (short bias). INTC Overall grade = D, Loser Catalyst: At bottom of daily range and strength continuation from Friday. News catalyst for tomorrow at noon, announcing new product line. Strategy: Bottom Reversal Trade Management: Overall, poor. I had this symbol on my overnight WL and I traded it with NO commitment, impatient because I had a long bias. NI – Let the stock tell you where it wants to go, do not let your preM or overnight bias drive your trade. JPM Overall grade = A, Winner Catalyst: None, sold off all day, caught technical reversal. Strategy: Climactic Reversal Trade Management: Overall, poor. I had this symbol on my overnight WL and I traded it with NO commitment, impatient because I had a long bias. NI – Reduce 'panic partials' on consolidation or small PB - regardless of RVOL, let L2 tell you where the PA is going, use VPA to confirm move. SWING TRADES: No changes Final Review: Goal for Day: 6/8, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – FAIL 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 5. Trade without P/L on screen or in mind – FAIL 6. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 7. 3SYO – PASS 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Good recognition of 'trend day' PA on AMD, I have a tendency to miss this because of contrarian perspective, force shorts and get chopped around. Things I did poorly: Do not allow your preM or overnight bias to dictate your trading (INTC), Let the market and symbol tell you what it will do.
  12. Another great weekly review, gives me ideas on how to develop my upcoming week.
  13. DAY – 8.28.2020 Trades: 4 Symbols: 5; 5 (DT: AMD, BABA, ROKU, QQQ, WMT; Swing: WKHS, IBM, SAVE, APA, WDC) Psychology: Slept great, confidence high, still getting up later to reduce trading anxiety. Did not meditate before trading activity. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Continuation on BABA and/or find catalyst stock from pre-market stocks in play. Find 1-3 Parabolic Reversals (short bias) and at least 1 Climactic Reversal (long bias). Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY continued to move to all-time highs Monday through Wednesday and consolidated on Thursday followed by a pullback over night leading into Friday and closing the week just shy of Thursday’s HOD. All sectors were in the positive on Friday, lead by Basic Materials and Energy after news that hurricane Laura did not cause as much damage to, Texas and Louisiana refineries as expected. With the exception Utilities and Healthcare, all sectors closed the week with strong bullish moves. Healthcare’s weak move on Friday and for the week was surprising following Abbot Laboratories FDA approval of a 15-min COVID19 test. WL: DAY TRADES: SWING TRADES: WDC Today, Friday (8.28.2020) WDC made a +7.38% move to the upside breaking above the 9 EMA and closing above the 20 SMA on the daily chart. I reduced my position by half at $37.79. Original target was $37.99 but with a $2.60 move it peaked at $37.86. Next target is $40. IBM: No change. Still holding 33% of position for the break of $130. Catalyst: 2 upgrades: Argus Research (buy from hold, $155) and Zacks Investment Research ($134 from $131, remains neutral). WKHS Still holding small position for the USPS contract announcement, volatility has been quite high on options implied volatility. Target sell price is the break of $30. I am currently trading this symbol on house money. SAVE No change. Still holding with average price above $20, poor decision to buy and hold overnight on parabolic move (daily chart) back in early June. The upside is that SAVE is one of the strongest airline stocks in the current climate. Their cash burn rate is significantly lower than other airlines and their niche of catering to domestic vacation travelers should help them come out better once a COVID vaccine is announced and airlines get to flying again. I like SAVE for a hold until the end of 2020 (depending on November elections). APA No, change. Still holding for move above $20, entry below $10 (5.14.20). As a former O&G engineer I ‘know’ (speculative) that Apache is one of the best companies in the industry, with clean P/L statements, low debt and strong potential based on diversity of assets – onshore and offshore, domestic and international. Recently announced major discovery off the coast of Suriname in Block 58 (50/50 WI partnership with Total). Final Review: Goal for Day: 7/8, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Only trade the symbols on your WL, BBT pre-market stocks in play, or TI scanner – PASS 5. Trade without P/L on screen or in mind – FAIL 6. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 7. 3SYO – PASS 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Great recognition of MAs to take partials followed by another entry after MAs were overcome and held (ceiling becomes floor). Good kob of sticking with strategy after missing two entries and then catching a big PR (short bias). Things I did poorly: Still need to define overtrading (dynamic, day-to-day), but while working on 2-min/5-min ORB (SIM) too many entries and bail, still holding too much bias - let the market tell you the direction of ORB.
  14. DAY – 8.27.2020 Trades: 3 Symbols: 3; 5 (DT: AMD, NIO, ABT, JD; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept poorly, got up later to mitigate poor rest last night. Goal for the day: Day Trades – Work on 2-min and/or 5-min ORBs. Continuation on NIO (VOL = 363MM 8.26.20). Find catalyst stock. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY chopped around, although there was a major announcement about Abbot Laboratories FDA approval for 15-min fast COVID19 test. Financials and Real Estate led the way with Communications Services taking the biggest loss after ripping higher to lead sectors yesterday. WL: DAY TRADES: SWING TRADES: No changes. Final Review: Goal for Day: FAIL, 4/7 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – NA, working on developing ORB (2-min and 5-min, SIM) 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Only trade the symbols on your WL or moderator's WL – PASS 5. Trade without P/L on screen or in mind – FAIL 6. On green symbol stop trading it for the day if lost any amount of green P/L – FAIL 7. 3SYO – FAIL 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Great recognition of A+ set-up on NIO Parabolic Reversal (PDC, weekly level, and L2 wall) - good courage to take large position on this set-up and to SIFI (set it and forget it) trade. Good job of exiting out of failed ORBs before 1R loss. Things I did poorly: When 10.5X above daily goal give yourself a specific amount to 'play with' and ADHERE TO THE AMT RULE. Overtrading.
  15. DAY – 8.26.2020 Trades: 4 Symbols: 3; 5 (DT: BABA, MSFT, NIO, FB, CRM; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept well, starting to get up a little later – meditation and shorter pre-market preparations. Goal for the day: Day Trades – Test the new William HK in the open for ORBs. Continuation on BABA. Find catalyst stock. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up: SPY continued to rip higher, but it was a day with few reversals, basically it was a trend day. Sectors were led by Communication Services and Technology. Energy fell -1.766% due to hurricane in the GOM threatening to affect refiners in Texas and Louisiana. WL: DAY TRADES: SWING TRADES: No changes on swing trades, still holding WKHS, APA, SAVE, IBM, and WDC. Final Review: Goal for Day: 4/7, FAIL. 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – FAIL 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries –FAIL 4. Only trade the symbols on your WL – PASS 5. Trade without P/L on screen or in mind – FAIL 6. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 7. 3SYO – FAIL 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Good recognition of 5-min MAs pinch and capitalize in range trades. Good recognition of trend play symbols for closing hour scalps. Things I did poorly: Need to get better entries on Parabolic Reversal, pay attention to whole dollar levels and exhaustive volume (comparison to earlier VPA similar candle body/volume). Need to stop moving SL in hopes that trade goes ‘my way’.
  16. Hi all, Does anyone else have trouble using the "scale-in" risk HKs (see script below), such that it doesn't always work? (I do understand that one must have a "TRIGGER PRICE" value filled in on the active montage. But sometimes this HK works and sometimes it does not. Also, why does it contain 2 buy orders? what does that accomplish? ;CXL ALLSYMB;DefShare=BP*0.97;Price=Ask+0.02-StopPrice;SShare=50/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SMRTL;Price= Ask+0.05;TIF=DAY+; BUY=Send;DefShare=100;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice+0.05 ACT:BUY STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
  17. MU had a great set up, I couldn't trade this morning....had to go out for a while....tough day, heard Andrew most $8K also.
  18. DAY – 8.25.2020 Trades: 2 Symbols: 2; 5 (DT: MRNA, BABA; Swing: IBM, WKHS, APA, WDC, SAVE) Psychology: Slept well, starting to get up a little later – meditation and shorter pre-market preparations. Goal for the day: Day Trades – Test the new William HK in the open for ORBs. Continuation on BABA. Find catalyst stock. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up & Week in Review: SPY gapped up overnight, pressed down most of the day and then made its run around noon. Sector rotation occurred, Healthcare which was weak yesterday had a good day. Technology and Finance both pushed higher on continuation from yesterday. WL: DAY TRADES: SWING TRADES: WDC No change. Entered position on this symbol after gap down due to ‘bad’ earnings, has spent that last 3 days trying to climb but being held down. Has fallen below $35, I will average down at below $34. IBM: No change. Still holding 33% of position for the break of $130. Catalyst: 2 upgrades: Argus Research (buy from hold, $155) and Zacks Investment Research ($134 from $131, remains neutral). WKHS Breakout day today leading up to USPS announcement? Recent two day ‘pop’ on unusual options action to the high side. Government fiscal year ends end of September, should here if they win some or all the USPS contract ($6B). Holding my position as institutional investors are still holding for long-term growth story. Daily volume is low but PA holding $15.15 support level. SAVE No change. Still holding with average price above $20, poor decision to buy and hold overnight on parabolic move (daily chart) back in early June. The upside is that SAVE is one of the strongest airline stocks in the current climate. Their cash burn rate is significantly lower than other airlines and their niche of catering to domestic vacation travelers should help them come out better once a COVID vaccine is announced and airlines get to flying again. I like SAVE for a hold until the end of 2020 (depending on November elections). APA No, change. Still holding for move above $20, entry below $10 (5.14.20). As a former O&G engineer I ‘know’ (speculative) that Apache is one of the best companies in their industry, with clean P/L, low debt and strong potential based on diversity of assets – onshore and offshore, domestic and international. Final Review: Goal for Day: 6/8 FAIL 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Only trade the symbols on your WL – PASS 5. Trade without P/L on screen or in mind – FAIL 6. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 7. 3SYO – FAIL 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Good recognition of MA bounces to reverse my position. Better job of looking for 9 EMA on the 5-min chart extensions. Things I did poorly: Poor continuation of comparing candle wicks/body size to other same type candles - volume comparison to recognize anomalies (VPA comparisons).
  19. Hi All, If I want to adapt this Hk for to be used only for ORBs but want the LONG HK to fill on the BID and not the ASK what portion do I modify?
  20. DAY – 8.24.2020 Trades: 3 Symbols: 4; 5 (DT: AMD, MRNA, BABA, FSLY; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept well, starting to get up a little later – meditation and shorter pre-market preparations. Goal for the day: Day Trades – Test the new William HK in the open for ORBs. Continuation on BABA and JD. Find catalyst stock. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up: SPY gapped up over the weekend and the ‘chopped’ around all day in a range, big push at the close to break HOD+. WL: DAY TRADES: SWING TRADES: WDC No change. Entered position on this symbol after gap down due to ‘bad’ earnings, has spent that last 3 days trying to climb but being held down. Has fallen below $35, I will average down at below $34. IBM: No change. Still holding 33% of position for the break of $130. Catalyst: 2 upgrades: Argus Research (buy from hold, $155) and Zacks Investment Research ($134 from $131, remains neutral). WKHS Recent two day ‘pop’ on unusual options action to the high side. Government fiscal year ends end of September, should here if they win some or all the USPS contract ($6B). Holding my position as institutional investors are still holding for long-term growth story. Daily volume is low but PA holding $15.15 support level. SAVE No change. Still holding with average price above $20, poor decision to buy and hold overnight on parabolic move (daily chart) back in early June. The upside is that SAVE is one of the strongest airline stocks in the current climate. Their cash burn rate is significantly lower than other airlines and their niche of catering to domestic vacation travelers should help them come out better once a COVID vaccine is announced and airlines get to flying again. I like SAVE for a hold until the end of 2020 (depending on November elections). APA No, change. Still holding for move above $20, entry below $10 (5.14.20). As a former O&G engineer I ‘know’ (speculative) that Apache is one of the best companies in their industry, with clean P/L, low debt and strong potential based on diversity of assets – onshore and offshore, domestic and international. Final Review: Goal for Day: 6/8, PASS 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – PASS 4. Only trade the symbols on your WL – PASS 5. Trade without P/L on screen or in mind – PASS 6. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 7. 3SYO – PASS 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Not move SL to BE so soon on watching L2 and PA and MAs. Things I did poorly: Need to trust your entry on confirmation of level or MA or what you are trading off of.
  21. Hi all, Made my first video on trade recap for 2020.8.21 $BABA.
  22. Tom, Thanks for the encouragement! These recaps are time consuming and I will look to be more concise as I get more experience, but for now I find a lot of value in the detail as I go back and review my trade journal. I am currently trading SIM as I just converted to DAS from TOS. I was trading live in TOS but haven't in DAS (purposely not funding IB account to keep me in SIM until Oct. 1st). I typically only keep a WL of 3-5 symbols per day, and 5 is a lot. I have a favorites list that I use a lot. The last two days it just so happened that I got a "one and done" trade so traded one symbol only. Today 8.20.20 - I traded ROKU, LYFT, JD and TGT so not just one stock all day. However, one stock days are my highest PnL days. WMT was fun, thanks!
  23. DAY – 18(8.20.2020) Trades: 5+ (Green, 3.5X Daily Goal) Symbols: 3; 5 (DT: JD, LYFT, ROKU; Swing: IBM, WKHS, BA, APA, WDC) Psychology: Slept well both days, starting to get up a little later – meditation and shorter pre-market preparations. Goal for the day: Day Trades – Find catalyst stock. Swing Trades – Manage partials/exits and average downs according to pre-set plan. Daily Market Wrap-up: Although SPY was on a steady incline all day long it was a tough trading day. Stocks were choppy and RVOLs were not great for momentum. Communication Services and Technology led the way while Energy and Utilities reported losses. WL: DAY TRADES: JD Overall grade = C, Winner, 3R Catalyst: Continuation; Strong earnings – US sales rose 9.3%, Comp sales rose 13.3%, beat on revenue by $7B from last year. Strategy: ABCD break outs Trade Management: Overall, poor. Got negative PnL early so had to grind to get back into positive, good job of comparing PA off of VPA, comparing candles and volume to same type candles in previous time and different time frames. Definitely a GRIND day. NI – Take smaller entries on days like today that RVOL is not giving us momentum moves through out the day. ROKU Overall grade = B, Loser, 1R and 1R Catalyst: None Strategy: ABCD Break out Trade Management: Overall, okay. Take smaller position on weakness, wait for bigger entry on confirmation for better move. NI – Take smaller entries on days like today that RVOL is not giving us momentum moves through out the day. Need to recognize that the volume used to get up to B exhausted the symbol. LYFT Overall grade = B, Winner, 2.5R Catalyst: Uber/Lyft California court ruling, bad news. Later in day, the got an emergency stay clause, California shutdown averted. Strategy: HnS Break Down Trade Management: Overall, Good NI – Good patience in waiting for HnS to set up, a 5-min "Consider This". SWING TRADES: WDC No change. Entered position on this symbol after gap down due to ‘bad’ earnings, has spent that last 3 days trying to climb but being held down. Has fallen below $35, I will average down at below $34. IBM: No change. Still holding 33% of position for the break of $130. Catalyst: 2 upgrades: Argus Research (buy from hold, $155) and Zacks Investment Research ($134 from $131, remains neutral). WKHS Recent two day ‘pop’ on unusual options action to the high side. Government fiscal year ends end of September, should here if they win some or all the USPS contract ($6B). Holding my position as institutional investors are still holding for long-term growth story. Daily volume is low but PA holding $15.15 support level. SAVE No change. Still holding with average price above $20, poor decision to buy and hold overnight on parabolic move (daily chart) back in early June. The upside is that SAVE is one of the strongest airline stocks in the current climate. Their cash burn rate is significantly lower than other airlines and their niche of catering to domestic vacation travelers should help them come out better once a COVID vaccine is announced and airlines get to flying again. I like SAVE for a hold until the end of 2020 (depending on November elections). APA No, change. Still holding for move above $20, entry below $10 (5.14.20). As a former O&G engineer I ‘know’ (speculative) that Apache is one of the best companies in their industry, with clean P/L, low debt and strong potential based on diversity of assets – onshore and offshore, domestic and international. Final Review: Goal for Day: 5/8 – FAIL, because I failed #8. 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – FAIL 2. Partial/average down or exit swing positions (according to pre-plan) – PASS 3. Work on better entries – FAIL 4. Only trade the symbols on your WL – FAIL 5. Trade without P/L on screen or in mind – PASS 6. On green symbol stop trading it for the day if lost any amount of green P/L – PASS 7. 3SYO – FAIL 8. Enter trades with small position, upon confirmation of ‘move’ add to position on PB – FAIL #5 and #8 are game changers for my confidence and trade management Things I did well: Stick with it and grind out a positive day. Things I did poorly: Enter too many trades with poor momentum, enter with too large of position. Take too many trades that were not A+ set-ups.
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