OTC

Ray, Use etf.com (https://www.etf.com/etfanalytics/etf-fund-flows-tool) to look at how BIG money shifts between ETFs, this may help you select your shorter term winners on swings. i.e. Last week ~$8B shifted to $SPY and $IWM, at the same time ~$2B left QQQ.

3 strikes your out - if I try entering a trade and stop out 3 times in a row I have to leave the symbol alone for 30 mins, preferably 1 hr.

Ray, Nice analysis, I may look into this symbol if I can get out of my large share $IBM swing I entered yesterday. I would consider partialling at the gap fill (black line) but I like your aggressive target above $30. If you want to see my IBM trade or others go to "OTC's Day Trading Journal" forum post, I post my swing trades in there too - I should probably make two different posts.

DAY – 7 (7.21.2020) Trades: 6 Symbols: 4 (SPCE, INO, MRNA, BA) Psychology: Slept excellent, confidence up, mental plan – ready to go. Goal for the day: Swing Trades – Manage partials/exits according to pre-set plan. Day Trades – Look for continuation on SPCE and BA. Trade symbols on pre-market WL only. Enter trades with small position, upon confirmation of ‘move’ add to position on PBs. Keep track of each trade on Daily Trade Log (action, entry $ or P-%, chart, notes). Market: Earnings season ramps up this week, SPY sold off at closing, Energy sector was very strong, +4.48%, sector 'switch' occurred today. Last week ~$8B dollars went into the SPY and IWM and ~$2B was taken out of QQQ. WL: SWING TRADES: BBBY Sold remainder of position, +6.07% on the day and +9.5% overall. Entry at $7.74, final exit at $9.49. It may move further up the range to $10.50 or higher but over the last week it was struggling to get above $9.60 resistance level. IWM: Sold half of remaining shares today, initial entry at ~$142 on 6.17.20. Took 1st partial at $174.69 daily level on 7.15.20. I had to hold this stock for ~1M before taking any profits. First partial lowered my average share price to under $137.0. Took 2nd partial today at $148.99 daily level. Notice: it has broken above the 200 SMA, following a trendline drawn back in early June. Holding 25% of position for the break of $150. Last week there was ~$8B inflow into the SPY and IWM with an outflow totaling ~$2B coming out of QQQ. https://www.etf.com/etfanalytics/etf-fund-flows-tool IBM: Entered swing position on $5 dollar sell-off. Earnings were yesterday after market CB, made an $8 move higher, did not sell-off overnight. Today was a profit taking day. DAY TRADES: MRNA Overall grade = B, winner, 3.8R Catalyst: Significant gains yesterday due to COVID results, looking for profit taking today. Strategy: 2-min ORB Short bias, opening 1-min candle tested $81.82 level – strong rejection, broke below VWAP to show weakness. Second 1-min candle opened lower than first. Entry on rejection of VWAP (20C slippage on fill), P1 set ahead of big order at $80.15 support level ($80). P1 was supposed to be 50% took out 100%, tried to renter with tighter SL and got stopped out on reversal. Trade Management: Entry where I wanted it but got in late on slippage, first partial was intended to be 50%, got 100% out – pay better attention to executions. NI – I was very happy with this trade; re-entry could have been earlier (no hesitation) to catch the wick down – this comment is nit-picky and easy to say in hindsight. I am currently working on my 2-min ORBs so faster recognition of move, enter trade with small shares, and enter more shares on confirmation PB. BA Overall grade = D, winner, potential: 1.9R, 5.6R Catalyst: Overstock of 747 Dreamliner, &#& Max still grounded – anomaly. Stock trading bullish large ‘option’ calls. Strategy: 5-min ORB, Top Reversal T1: Long bias, first entry was after holding higher low after 1st 5-min candle, panicked and bailed on intraday level at $179.57. Re-entry on 15-min ORB (its obvious I am more comfortable with these) at $180.22 after holding daily level ($180.04), P1 at daily R-lvl/trend line (purple line, see daily chart also). T2: Short bias, several attempts (broke rule! 3SYO), entry at break and hold of R-lvl ($181.22), P1 at 9 EMA on 5-min, P2 at 20 EMA on 5-min. R-entry after PB and loss of VWAP, P1 at 100 SMA on 5-min. The R:R is deceiving because the R:R for trade #1, 1st entry was 2R but it was on 600 shares on $180/share symbol. Trade #1, 2nd entry was on 50 shares only. Trade Management: Good recognition of 15-min ORB after bailing on 5-min ORB. Both partials on T2 were too soon – still not letting move develop, trust your daily levels and 5-min chart for profit takes. NI – Be patient and let trade develop, both short trades should have been 1 trade, not 2. Still need to work on ORBs, finding a level, trusting it and recognizing large wicks in your favor. SPCE Overall grade = C, winner, 2.6R Catalyst: Space travel and SPACs on fire. C-Suite improvements, commercialization strength. Strategy: 15-min ORB/ABCD Long bias, noticed move late so scalped the 1st candle on buying strength/momentum – 20C scalp. Entry at S-lvl hold with SL set for that level ($24.6), P1 at 10C, P2 at 20C, P3 at intraday level ($25.89). Re-entry at break of HOD, move failed, stopped out with no loss. Trade Management: Good recognition of ABCD, poor job of entering, profit taking and adding at position C (did not add), took all out at B. NI – Stay with move longer, you know this stock is strong and has been making ABCDs almost everyday. Missed a 11.9R trade, stay with your WL symbols that have given you great P/L and you have confidence in trading. Final Review: Goal for Day: 1. Only trade the opening 5-mins if consistently trading symbol and confident with its move – PASS 2. Partial on swing positions (according to pre-plan) – PASS 3. Work on better entries - PASS 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 – PASS #5 and #8 are game changers for my confidence and trade management Things I did well: Getting better at trading shorts. Did well on reversing position. Getting better with first 5-min and ORBs. Things I did poorly: Still taking some ‘panic’ partials. I did not stay with trades long enough, let the move develop – missed a potential 12R. Not particularly a good trading day and managed to finish 2.5X my P/L goal, promising!!

Ray, Glad I could help, it helps me share info - quality or not. If not quality I ALWAYS accept constructive criticism and argument (aka discussion). Keep in touch and GL!

Ray, You make a valid point, however BA is not likely to fall below the $169.72 support line unless COVID strikes hard again. If you can catch it during a sell off day whenever it makes a new low (wick) below the level I mentioned you will probably be in good shape for a move up the daily trading range. I think this because there is too much institutional money in this symbol and the MMs will defend their position at all cost. The topside seems limited to a $185 max in the near term. Money is moving sectors and airlines have once again lost bookings due to recent increases in COVID cases, furthermore I think money usually invested in airlines and BA is currently in the space travel sector (look at BAs declining volume in the chart below). I do not say this antagonistically as I am long in $SAVE and a currently red -25% on that swing trade - poor decision on my part to keep it so soon in the COVID concern. That being said I am confident that $SAVE will be better off than some of the other airlines when this is all said and done as their daily burn rate is significantly lower and they have not taken much PPP money. I like $BA and have been DT it for 10 days in a row, I think there is upside but I would be cautious with any airline related symbols. Notice the volume declining in BA. A few days ago I thought BA would break out to the upside from the asymmetrical triangle and it did, but it was a false BO and now is on the downtrend line. Today it made a nice reversal move to green and then closed in red (below the same trend line - red line image 2). I like BA for a swing on 7.15.20 (yellow box) but currently I am skeptical. Maybe it will hit your target price given its current weakness.

DAY – 6 (7.20.2020) Trades: 6 Symbols: 4 (SPCE, INO, MRNA, BA) Psychology: Slept well, confidence was good today, mental plan was strong today. Goal for the day: Swing Trades – Manage partials/exits/average downs according to pre-set plan. Day Trades – Look for continuation on SPCE and BA. Trade symbols on pre-market WL only. Enter trades with small position, upon confirmation of ‘move’ and add to position on PB. Keep track of each trade on Daily Trade Log (action, entry $ or P-%, chart, notes). Market: Earnings season ramps up this week, SPY on bullish uptrend and breakout, most sectors were down as well: only tech, consumer discretionary, and communication services were up. Thankfully, these three indexes comprise more than half of the SPY. Last week, there was a massive inflow into the SPY and IWM, totaling slightly more than $8 billion. There was also nearly $2 billion in outflow from the QQQ. This also partially explains the weakness in the XLK and XLC (which are disproportionately represented in the QQQ) and the outperformance of the XLB and XLI. WL: Trades: WKHS Swing position: added shares on sell-off at $13.63 (LOD = $13.36, closed today at +9.31%, $16.59), averaged down to $15.34. $14.51 establishing as the new support. $TLSA earnings reporting on 7.22.20, will be interesting to see how WKHS does – sympathy play? MRNA Overall grade = B, winner, 3.1R Catalyst: Gap up, good news over weekend about vaccines, COVID stocks in play, continuation from Friday strength. Strategy: 1-min ORB Long bias, gapped up overnight, sold off during pre-market. Started making gains to reclaim VWAP last 5 minutes before opening bell, with this strength I took entry after the close of the first 1-min for ORB at daily support level, SL at $88.10 (50SMA 1-min chart), P1 at 50C, P2 at VWAP. Trade Management: Entry was a little early as first one-minute candle was closing, took entry on PB, hold of S-level ($87.58), and strength to upside, good job of recognizing reversal and weakness at VWAP, orders pulled on L2. NI – Need to trust my exit more, I exited at 89.70 (slippage), but VWAP was at $90.17. I felt pretty good about it testing VWAP given the strength in the last few minutes of pre-market and opening. SPCE Overall grade = B, winner, 2.3R, 6.7R Catalyst: Overall strength. SPACs hot in 2020, 12/15 days in uptrend (almost parabolic), see daily chart. Strategy: Bottom Reversal, Double Bottom Long bias, E1 3.5x exhaustive volume at 9:59am (yellow box) with SL at $22.20, P1 VPOC/R-lvl and then P2 at 20 EMA (both on 5-min chart). Re-entry at PB to hold PD-HOD ($22.2) with SL at $22.06, P1 (50%) at 5-min 9 EMA (low liquidity), P2 (50%) at 1-min 200SMA/TFL ($23.22, P3 at 15-min 100SMA/5-min VPOC R-lvl. Trade Management: First entry was on exhaustive volume, took all profits expecting PB for re-entry. This worked as planned and I re-entered at a PD-HOD that held ($22.20). I then exercised good patience in partialling at 3 key levels via 5-min or 15-min chart (VWAP, TLF cross with 200 SMA, and PD intraday level). Good recognition of lost strength, took partial before desired partial level #3 on this weakness. Only took one panic partial, small shares. Note: good patience on 1-min chart @10:20am during trouble pushing through 50 SMA. NI – Stop taking panic partials on mini consolidations of strong moves to the upside (doing this to lock in profits), is this ultimately a bad practice? INO Overall grade = B, winner, 4R Catalyst: COVID strength stock, sympathy play on MRNA and weekend vaccine news. Strategy: Break of EMA Long bias, entry at break of 9 EMA for a move to VWAP, P1 (40%) at 20 EMA on 5-min chart, P2 at VPOC/R-lvl on 5-min chart. Trade Management: Got a bit of a late entry from bottom reversal so took a very tight SL of 2C. I played for quick targets to avoid SL on PB. NI – Need to recognize the time of day, reversals on vaccine symbols at this time of day illustrate at a 30 min to 1 hr move when they are strong (see back test on this), thiss allows you to stay in the trade longer. BA Overall grade = B, winner, 2.8R, Potential: 13R, 5.8R Catalyst: Downgrade, concerns of overstock of undelivered inventory (737 Dreamliner), uncertainty with 737 Max. Strategy: Loss of 50 SMA (short), Bottom Reversal, Top Reversal T1: Short bias for loss of 50 SMA on 5-min chart, P1 (20%) at 9 EMA on 5-min, P2 at 20 EMA on 5-min. Re-entry at VWAP, P1 at daily level ($173.34), P2 at VPOC S-lvl, stopped out at BE. Trade Management: Got a bit of a late entry from bottom reversal so took a very tight SL of 2C. I played for quick targets to avoid SL on PB. T2: Long bias (exhaustive volume, indecision and hammer) - bailed on PB (12:05 candle on 1-min), then it made the move to my max target at VWAP/50SMA on 5-min, this level was tested earlier – TRUST YOUR STRATEGY AND DON”T BAIL!, potential 13R. T3: short bias, HOD reversal, P1 at 9EMA/trendline on 5-min chart, P2 at 10C from previous partial as move started failing. Stopped out at BE at daily level $175.73. NI – Stop taking premature partials, do not bail on move to lock in small P/L (missed potential 13R). Do not have long or short bias, let market tell you direction – I had short bias based on SA and other news. Final Review: Goal for Day: 1. Do not trade the opening 5-mins – FAIL 2. Partial on 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, #1 might be time to re-assess this goal as I am testing and having consistent profitability andd confidence on 1-min and 2-min ORBs. Things I did well: Recognized strength in stocks and opportunities to add to position on PBs. Good recognition of weak trend candles (hanging man) to exit high risk positions in order to maximize P/L. Did not over trade. PASS on all my daily goals. Things I did poorly: Still taking some entries too early, trading the opening 5-mins on FOMO, still taking some panic partials during mini consolidations on strong moves upward.

Ray, Like your analysis on swing trading, I am new to DT but have been swing trading for 8+ years, we have some similar position (CGC, IWM, SPCE) and I have been swing trading BA with primary objective to get a feel for its daily activity and how it behaves over time, I had an estimated $168-$170 entry for....I would like to know why you have a target entry of low $160's, whats your thesis?

DAY – 5 (7.17.2020) Trades: 5 (1 premarket) Symbols: 6 (SPCE, VXRT, BA) Psychology: Slept very well, confidence was good today, mental plan was strong (trade pre-market symbols only), Yesterday’s mental recollection added confidence and reminded me of best mental trading days (enter trades with small portion, upon confirmation of ‘move’, add shares on PB). Goal for the day: Swing Trades – Manage partials/exits according to pre-set plan. Day Trades – Look for continuation on VXRT, SPCE, and BA. Trade symbols on pre-market WL only. Enter trades with small position, upon confirmation of ‘move’ add to position on PB. Keep track of each trade on Daily Trade Log (action, entry $ or P-%, chart, notes). Market: Earnings season kicked off this week, most sectors green for the day and the week. Week in Review – SPY sold off on Monday and Tuesday’s pre-market, then was in a consistent up trend Tuesday – Friday. WL: TRADES: BA Overall grade = A, winner, Swing: 2.5R, DT: 2.9R Catalyst: Wins $91MM contract continuation with NASA, break-out of asymmetrical triangle on daily chart, retiring 747 production (old news revived – affected even though analysts stated it would not). Strategy: Bottom Reversal Long bias, Entry late on reversal but on strength to break intraday level ($177.99) and go for VWAP, P1 at 20 EMA on 5-min chart (took all out on this due to tight SL, PB would have stopped me out before going back up to reach VWAP. Trade Management: Confident of L2 read with strength after reversal on exhaustive volume, very tight SL for quick $-take, symbol was weak on downtrend but caught the biggest reversal of day (I did this on 7.16.20 twice on two weak symbols) – getting better at reading L2 (VPA). NI – Take larger position on this type of trade where I am confident in the plan and ‘move’ with tight SL – minimal risk. Analysis: On 7.15.20 symbol broke out of asymmetrical triangle, on 7.16.20 it PB to converging point, today 50/50 chance on direction, downgrade and news of 747 retirement gave me short bias (especially since pre-market was strong uptrend on block trades). SPCE Overall grade = B, winner, 5.6R, 5.5R Catalyst: Overall strength. SPACs hot in 2020, 12/15 days in uptrend (almost parabolic), see daily chart. Strategy: 5-min ORB, 15-min ABCD Long bias, E1 was premature, quick stop-out, broken rule! E2 on VWAP break-out, P1 at 30C, P2 on missed target PB, re-entry on PB to trend line/EMAs, P3 at intraday level, P4 at new HOD, added shares on big PB t o VWAP (red box, 1-min chart), added more shares on PB to 200SMA on 1-min chart, P5 at 9 EMA on 1-min, final add after PB/consolidation, P6 at double hanging man candles on 1-min, P7 at new HOD. Trade Management: Good recognition of new higher lows/higher highs, good recognition of wick-only PBs designed to take out SLs, good job of taking small position, waiting for confirmation of ‘move’ and then adding to position on PBs. Good recognition of level being held (drew intraday lines to mentally confirm ‘hold’, S = $22.79, R = $23.51). Good patience and recognizing of strength of ‘move’, left shares on for two new HODs. NI – Wait for PB to end for re-entry – still entering too soon on FOMO. Still taking a few premature partials on consolidations. Wait to add to position on PBs, 9 or 20 EMA (yellow box) or even better on 50/100 or 200 SMA. VXRT Overall grade = A, break-even, 1.8R, 7.6R Catalyst: COVID strength stock, stock in play for ~10 days Strategy: Strength of Level Hold, Bottom Reversal Long bias, E1 at intraday level that held 3x prior on 5-min, stopped out (the one time the stock dipped). E2 at PDC/TFL, P1 at 10C (premature), P2 at 5-min 9 EMA, P3 at 7.16.20 intraday level. Trade Management: Good job of ‘set it and forget’ for final partial, still took a premature partial, good entry at PDC/TFl, it was my luck that E1 failed after testing that level 3x prior – good job honoring SL. NI – Need to recognize opportunities to take larger position on strong stocks during big PBs. Final Review: Goal for Day: 1. Do not trade the opening 5-mins – FAIL 2. Partial on swing positions (according to pre-plan) – PASS 3. Work on better entries, no FOMO – BETTER still FAIL 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: Recognized strength in stocks and opportunities to add to position on PBs. Good recognition of weak trend candles (hanging man) to exit high risk positions in order to maximize P/L. Did not over trade. Things I did poorly: Still taking some entries too early, trading the opening 5-mins on FOMO.

DAY – 4 (7.16.2020) Trades: 8 Symbols: 6 (SPCE, VXRT, BA, NCLH) Psychology: Slept okay, lacked confidence, planned on not trading until I finished previous day (7.15.20) journaling – that was weighing on me causing stress/anxiety. Goal for the day: Swing Trades – Manage partials as market is quite bullish (IWM swing broke out waited patiently for ~1 month while in negative unrealized position). Day Trades – Look for continuation on VXRT and SPCE, find 1 or 2 catalysts stocks in pre-market to trade. Work on trading without ‘thinking’ of P/L, do not trade the opening 5-mins (exception 2-min ORB – working on small position entry if not FULLY sure of trade and partialing strategy). Market: Earnings season, all but 1 sector red, not surprised since previous 3 days were green. Was today a consolidation day? WL: TRADES: SPCE Overall grade = C, winner, 1.2R; Potential 3.3R to $21.0 (PHOD). Catalyst: Ticker has been very strong, trending up after selling off past days. SPACs in general got good news late yesterday after CB. Strategy: 5-min ORB. Long bias, Entry on higher low on 5-min chart, P1 at PD intraday lvl (7.13.20). Re-entry at PHOD, P1 at .10C, stopped out at BE. Trade Management: Was not confident because it was very extended, and I got stopped out yesterday on my swing (bad psychology on this symbol today). P1 took out entire position instead of partialing and instead of partialing at target level $21.00 (P-ATH). Tried re-entry at $21 but bailed because it was too extended, not confident. NI – Trust the technical and let the PA play out, do not trade symbol if not ‘feeling’ it, be objective and eliminate prior day bias, let the market tell you what it wants to do. VXRT Overall grade = B, winner, 1R Catalyst: Continuation, $90MM funding to advance COVID19 vaccine. Strategy: 15-min ORB, 5-min ABCD Long bias, entry at TFL hold ($15.62), did not trust it on PB, bailed – should have added to position and instead went red. Entry #2 on TFL hold confirmation (take smaller position if not sure, then add to position upon confirmation and PB), P1 at 9 EMA on 15-min chart, P2 at position B of ABCD (40%), P3 at B to C consolidation (too many partials during consolidation), re-entry at PB at C position, P1 VP R-lvl, P2 at daily R-lvl, P4 at break-down of ABCD pattern. Trade Management: Took too many partials during B to C (ABCD) sideways consolidation (yellow box), candle #3 on 15-min chart was a confirmation test candle on relative low volume, it appears that taking such a large position affected my psychology. NI – Trust your set-up, Took too many partials during B to C (ABCD) sideways consolidation (yellow box), NCLH Overall grade = A, winner, 1.8R Catalyst: Possible continuation on yesterday’s + 20.68% change Strategy: Bottom Reversal T1: Long bias, late entry but caught the strongest reversal of the day. P1 at VWAP, P2 at VWAP – good exit recognizing that a new higher low could not break through VWAP, L2 orders were pulled. Trade Management: Good recognition of bottom reversal, but even better recognition of stock weakness (kept in mind that yesterday the symbol made a +20.68% move up). NI – ?? BA Overall grade = Swing Catalyst: $91MM contract extension with the NASA, strong PB today – profit taking? Strategy: Pennant/Asymmetrical Triangle BO (yellow box) Entry in final 15 mins of market, intention to swing but also intention to take some profits, entry at intraday support, P1 at 9 EMA on 5-min chart, P2 at 20 EMA on 5-min chart (sold off all day, weak), reduced position on PB to add in for swing at lowest price possible. Trade Management: good recognition of weakness all day NI – ?? Final Review: Goal for Day: 1) Do not trade the open – PASS 2) Partial on swing positions (according to pre-plan) – PASS 3) Work on better entries, no FOMO – 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 – FAIL 7) 3SYO – PASS Things I did well: Recognized weakness in stocks and exited before SL or trend break, did not over trade Things I did poorly: Take small position, wait for confirmation and then enter with more position on PB’s,

DAY – 3 (7.15.2020) Trades: 8 Symbols: 6 (SPCE, VXRT, BA, BYND, NCLH, PLAY) Psychology: Slept very well, confident, currently do not have any emotional imbalances – I feel balanced internally and with my externalities. Not trading with fear or greed since I turned off P/L – GAME CHANGER. Goal for the day: Swing Trades – manage partials as market is quite bullish (IWM swing broke out waited patiently for ~1 month while in negative unrealized position). Day Trades – Look for continuation on VXRT, find 1 or 2 catalysts stocks in pre-market to trade. Work on trading without ‘thinking’ of P/L, do not trade the opening 5-mins (exception 2-min ORB – working on small position entry and partialing strategy). Market: Earnings season kicked of yesterday, all sectors green with Industrials making the biggest move, Financials also made a strong positive move on bank earnings reports (Q2). WL: TRADES: SPCE Overall grade = B, loser, stopped out (.3C), Potential: swing: 4.4R and DT: 1.7R. Catalyst: Ticker has been very strong, trending up after selling off past days. SPACs in general got good news as hot 2020 plays. Strategy: Swing Continuation, Bottom Reversal. Long bias, opened weak, averaged down at 200 SMA on 5-min chart – too early, poor decision as the exhaustive volume (yellow box) happened one candle before my entry (think oil tanker turning, not speed boat). Decided to set SL at 18.09 (daily support level) and left trade station for another commitment, in hindsight on the strength of this stock and my analysis to take this as a swing trade I should have set an average down order instead of a SL (I did not because I am trying to liquidate positions in TOS to transition to DAS). Trade Management: Fair recognition of weakness, added (average down) to position too soon, Went against my long-term analysis for swing position on this symbol. NI – Trust your analysis for swing trade, wait for ‘oil tanker turn, not speed boat turn’, in other words better entry after exhaustive volume (entry hammer occurred at my SL). BYND Overall grade = B, winner, 1R Catalyst: Entering Brazil market (3rd largest meat consumer). Strategy: Bull Pennant Breakout Benzinga call-out, long bias – parabolic move was strong, took small shares at top of vertical move on L2 orders in case it went parabolic again, it PB so took P1 on next pop to average down on consolidation. Added to position (average down) at bottom of pennant, SL = 133.70. P1 at first break of pennant, P2 at VPOC R-lvl, P3 (bail) on hanging man candle (before SL). Trade Management: Good patience on call-out – since late to parabolic move, good recognition of L2 strength as well as potential to PB – took small amount of shares, good recognition of possible pennant or flag form (based on L2 ‘ask’ orders above), Good add at bottom of pennant and important use of tight SL. NI – More patience on partials, wait to take entry on PB to key intraday level (took early on FOMO), trust L2 more. BA Overall grade = C, winner, 1.8R, 1R Catalyst: $916MM contract extension with NASA, was at the bottom of a daily range (consolidating for 5D). Strategy: Break of HOD, Scalp - EMA Test with 100 SMA Entry T1: Long bias, entry on 9 EMA test, P1 at new higher high/higher low, P2 at R-lvl (daily chart), P3 at new HOD. Re-entry on 50 SMA test, failed, stopped out. Noticed L2 and waited for re-entry at 100 SMA test, P1 at 9 EMA, P2 at TFL. Trade Management: Good recognition of 9/20 EMA test on PA strength, poor job of waiting for re-entry. NI – Better entries, still rushing to get in trade (FOMO), Pay more attention to L2 on HOD trades (got negative before turning trade green), consistent pattern of exiting too soon on PB when the L2 orders are there, wait for 100 SMA test (5-min) for add-ons or re-entries – back test shows high success rate in this market. VXRT Overall grade = A, winner, 1R, 4R. Catalyst: Continuation, $90MM funding to advance COVID19 vaccine. Strategy: 2-min ORB, Bottom Reversal, EMA Test (Short) T1: Short bias, ORB short during initial morning sell-off (I had been trading this symbol multiple days in a row and was comfortable with early action. Entry on L2 volume and big bid, target $14.30. P1 at PHOD (I had $14.32 as a PHOD). Re-entry for (reversal, long) on VWAP test – low volume test candle, failed stopped out. T2: Long bias, entry PHOD hold, P1 at VWAP, P2 at 9 EMA - was holding for PDC/100SMA on 5-min chart - did not have strength so exited early. T3: Entry at 9 EMA, P1 at TFL, P2 at loss of PHOD ($14.32), stopped out at BE. NOTICE: level PHOD $14.32 was used a lot by MMs in the first 15-mins of trading – spark confusion in direction? Trade Management: Felt confident about my levels because I had been trading this symbol a lot the last few days, good job of recognizing key levels and reversing my position off of that PHOD ($14.32), NI – ORB, I feel like I am seeing the earlier entry but don’t take it – this is good because I have more losers than winners in the opening 15-mins, Don’t make it a habit of trading the open, yet. PLAY Overall grade = D, loser, 2.8R Catalyst: Gappers list, premarket show. Strategy: Break of HOD T1: Long bias, late entry, FOMO on call-out, was at daily level. Failed to break HOD, stopped out. Tight SL Trade Management: good job on the tight SL, recognizing low probability since symbol has already made a$1.00 move. NI – Stop rushing to take trades on call-outs, FOMO - I keep saying this, but I keep doing it (reason for grade = D). NCLH Overall grade = D, winner, 2.5R Catalyst: Share offering, diluting value. Strategy: ORB Reversal (S/R Rejection) T1: I asked chatroom for a trade, trading buddy obliged, entry on R-lvl rejection, P1 at 9 EMA, P2 at 20 EMA (intention was VWAP but had to leave for appointment so took P2 early). Trade Management: Good job of recognizing weakness and R-lvl rejection. NI – Stop rushing to take trades on call-outs, FOMO. I keep saying this, but I keep doing it (reason for D grade). This was a winner, LUCK? – probably; need to back test. Final Review: Goal for Day: OVERALL GRADE - FAIL 1) Do not trade the open – FAIL. 2) Partial on swing positions (according to pre-plan) – PASS. 3) Work on better entries, no FOMO – FAIL. 4) Only trade the symbols on your WL – FAIL. 5) If you are green on a symbol and take another trade that is red, stop trading that symbol for the day (this is a discipline rule, accomplish this for 1 week at 100% and reassess) - FAIL. 6) 3SYO for 30 mins - FAIL. Things I did well: Commit to SL, recognize trend changes (such as hanging man) and exit position. Things I did poorly: FOLLOW MY OWN RULES, Bad entries - chasing FOMO, trading without assessing PA on all-time frames first. Trading symbols not on my WL, call-outs – haven’t back tested success/failure here but willing to bet I have more losers than winners. Still forcing trades which ultimately reduces green position but more importantly goes against the ability to be disciplined to take less trades. Things I did well: I was patient and wait for strategy I was in to develop. Take small positions, wait for confirmation, allow PB and then take larger position for move I was waiting for.

Thanks Chris, I will check out your daily trade talk - keep it green!

Thanks V, Your format is awesome, I read your journal posts multiple times per week - thank you for posting them. The grading system on each trade's overall play is currently feel oriented (I do a lot of mental analysis with verbal and visual repetition), but as I gain experience and establish consistency in journal entries I will develop a baseline criteria and document it.

DAY – 2 (7.14.2020) Trades: 6 Symbols: 4 (SPCE, VXRT, NIO, INO) Psychology: Slept well, stayed in bed 30 minutes extra this morning. Ready to trade if opportunity presented itself, confident but cautious (Yesterday was my best DT day thus far, broke goal by 7.3X). Goal for the day: Manage swing trades – partial at my predetermined targets or reassess a position that is not going according to plan. DT: Trade on continuation COVID19 stocks and see if SPCE was going to make a move. Market: All sectors green with Energy making a strong move. California announced they are closing restaurants, bars, gyms, place of worship, etc. – another hard shut down. Bank earnings (Q2) started today. WL: TRADES: SPCE Overall grade = A, winner, 3.5R and 6.3R. Catalyst: Ticker has been very strong, it sold off the previous two days (Friday and Monday). SPACs in general got good news late yesterday after CB. Strategy: Bottom Reversal, VWAP Breakout Had to sell overnight position at a loss so started day in red. Long bias, opened weak - following $SPY. T1: Great entry after exhaustive volume, indecision and hammer with strong daily support. First partial at key daily level. Second partial at VPOC/key daily level combo (solid red line = 4x touches on daily chart). Stopped out at BE on reversal. T2: Re-entry after ceiling becomes floor level was tested 3x, entry a little late (~0.20C), still good entry for VWAP break out. First partial above intraday level (pink), second partial at PDC, third partial at daily level, fourth partial at VP R-level. Held 38% for overnight swing. Trade Management: Good recognition of early weakness to sell overnight position for small loss. Great entry on VPA. Good partials at key levels. Good job staying with the trade after SL at BE. Good re-entry, overall good trade management. NI – Recognize a high potential winning trade via daily chart in order to take larger share size and bigger green P/L if it suits your risk tolerance. VXRT Overall grade = C, winner, 1.4R, 6R and 7.1R Catalyst: On my overnight WL, continuation from 7.13.20 (+51.88%), received $90MM funding for COVID vaccine R&D, beware of profit taking. Strategy: Bottom Reversal, Asymmetrical Triangle (AT) Breakout Long bias, after opening bell profit taking. T1: Entry too early before $1 drop, stop at $14.60 was not triggered, noticed bottoming pattern so kept my position. First profit at VWAP. Consolidation into AT, reduced position as AT started failing – sideways (large yellow box). Recognized $14.32 level holding (6.26.20 HOD), tested 3x, on third added to position. Small partial at VWAP, another small partial at VPOC, partial at $15.27 too early – bad decision. Final partial at large wick/high volume indecision doji (stock could have gone either way after this, see vertical yellow box). T2: re-entry on 20EMA test and strong VP level (also stock did not fall after doji). Partial at new HOD. Partial at another new HOD – VPOC R-level (great patience as L2 was strong, buying). Last partial at new HOD #3. Held 50 shares into after hours ($15.08 avg), added 50 shares at $14.50 (bounced off of 50SMA on 15-min chart), new avg $14.79. Trade Management: The entry followed by ~$1.00 drop and no SL trigger was poor TM execution, could have been catastrophic, however good recognition of bottom reversal off TFL and 200SMA on 5-min and 2-min chart. Recognition of AT was good, exiting on failed AT was good, good recognition of consolidation, great adds on key level and MA tests. This would have been an A if not for entry and major SL error that ended up good, LUCKY! NI – Entries are still too soon, let the PA develop until you are certain of entry, use SL – if this continues it could end in blowing up your account. INO Overall grade = F, neutral, BE. Catalyst: COVID19 stock, VXRT is strong thought INO would be strong, it has been quiet. Gapped up Strategy: 2-min ORB Long bias, Good entry on 3rd 2-min candle after ORB had set one green candle, not very strong so got all out with winner, got greedy and tried again on next candle, stock fell and I gave back all profits, finished green, barely. LESSON: confirmation that I have no business trading the opening 15-mins, yet. Trade Management: Too many entry and bail. Should not be trading the open. Gave back green position to end BE. NI – Re-establish rule "stop trading the open" - not enough experience, platform is too slow - get DAS installed, after going green on extended ticker get out, take your green and stop trading - I was doing this and stopped, how can you re-initiate this ? NIO Overall grade = D, neutral, BE. Catalyst: Continuation, EVs are hot. Early morning sell off. Strategy: No Strategy (Scalping). Long bias, poor entry – because I had not reviewed the PA, turns out it was a winner but got stopped out. Re-entry was on 20EMA test – SL too close, got stopped out. Left this ticker alone 12 noon to 3pm. Scalped it to return to BE in the closing bell – entry was on 100SMA test on 2-min chart. Trade Management: Too many entry and bail. Should not trade a ticker that I have not first reviewed the PA to assess overall trend, MA tests for entry and all-time frames to establish strategy NI – Stop with the FOMO, someone calls out ticker and I run to take trade or if I am just waiting to take partials on other trades I am 'itching' to jump into a new trade. Go back and read your discipline notes, and remember that over trading leads to red days. Final Review: Goal for Day: 1) Do not trade the open – FAIL. 2) Partial on swing positions (according to pre-plan) – PASS. 3) Work on better entries, no FOMO – FAIL. 4) Work on adding position at Mas tested – PASS. Things I do well: Wait to partial at higher Rs, patience with strong stocks and their consolidation period, adding position on MA tests, bailing on weak candle indicators, TM on R:R. Things I do poorly: Bad entries, chasing FOMO, trading without assessing PA and all-time frames first.

Hi BBT, New to DT (~90+ days) but have been swing trading for several years. I am excited t o go on this journey! I would like to welcome everyone to my DT-ing Journal where I will summarize my trades, thought process, ideas/potential trades, psychological state during trades, and overall grade for the day. I am here to learn so I would greatly appreciate your feedback (harsh or not, I am here to learn so do not be cordial, LOL - I welcome constructive criticism). Thank you in advance for your support and willingness to help. I am excited to be a part of this amazing trading community! DAY – 1 (7.13.2020) Trades: 6 Symbols: 4 Psychology: Planned on not trading, reason #1: did not sleep well and woke up late, reason #2: have several swing trades going. I broke that plan. Goal for the day: Manage swing trades, take profits, average down or add shares on PB's according to plan. Market: Strong finish on Friday 7/10/20. COVID19 cases at all-times high in many states. Q2 earnings season starts today, will banks will be a major indicator for bullish continuance and overall market sentiment? WL: TRADES: DKNG Catalyst: Friday, 7.10.20 Doji on daily chart, at the bottom of a daily chart trading range, voluntarily delisting warrants (SPAC) due to low volume (negative news). I have been looking to take a long position for a swing trade at the bottom of the range, last attempt. Strategy: VWAP break-out Long bias, opened weak - entry at 9:34 after indecision and hammer testing the 9 EMA, holding VWAP and the 100 SMA. Stop was the loss of 9 and 20 EMA at 100 SMA, secondary plan was if it held 100 SMA to re-enter, failed. Overall plan has been to take this long for a swing trade, however the news of delisting warrants reduced my confidence. This was one last attempt at this ticker. Stopped out at 100 SMA, removed from future WL until scanner shows more volume. Overall grade = A. Good recognition of weakness, entry was fair, and SL was not adjusted. TM was well executed. NI – Remove bias in a stock and read the technical. MRNA Catalyst: Buy rating upgrade, continuation on strength from Friday, 7.10.20. Strategy: Break of HOD Long bias, chatroom call-out. Poor execution of entry, FOMO. Did not wait for a proper PB. Too extended. Stayed in this trade on willingness to hold for swing based on the strength and catalyst. I have been watching and analyzing this ticker, recently sold swing position. Good job of not averaging down on PB to VPOC support (although averaging down would have been acceptable, based on my plan and risk level). If VWAP was lost I would have ‘bailed’. First partial was at R-level, $74.56. Second partial was at $76.00, good job of being patient to partial later rather than sooner on overall strength and L2 orders. Third partial was at new HOD, $76.90 (Good recognition of time of day, common time of day MRNA turns over). Overall grade = D. Entry was poor (F), partials were good (A), overall TM was a fail with a R:R = 1R. I see the consistent pattern of chasing and entering too extended. My afterhours analysis of this ticker kept me confident to risk/reward. However, I will not be so calm if I start trading 500+ shares of a ticker priced like this, max risk on this trade was 1.8% of total account value whereas my profit take was ½ that amount – too much! NI – Better entries, stop chasing extended tickers with FOMO. Learn to manage R:R before I blow up account. VXRT Catalyst: Buy rating upgrade, $90MM capital raise for COVID19 R&D Strategy: Break of HOD Long bias, RVOL high, heavy trading volume, similar strength to MRNA. Did a poor job of assessing entry (common theme), rush in to two entries and bailed - FOMO. E3 was after assessing price action and EMA/SMA tests/retests, etc. E3 was good, first partial was at R-lvl, too many shares, still panicking on partials to avoid going red. Plan forward – remove profit window and trade for levels and by technical not P/L. Partial 3 was good, at intraday level, ceiling becomes floor. Final partial was at new HOD but I was not at station, set it and forget it (ticker hit HOD = $13.53, my profit take was = $11.90) Overall grade = B. Too many entry/bail, poor (D). Partials were good (B), overall TM was a C grade due entry/bail however R:R was excellent (13.9R). GREAT add-on at 20 EMA re-test, partials beyond this were (B), held 15% shares to reach $12.00 new HOD. NI – Better entries, assess price action and technical before entering trade. Establish a R:R strategy such as: 20/30/50% on strong stocks. SPCE Catalyst: Strong stock on daily, recently sold off, Strategy: Support Hold (after 1st 15-min sell of on trend day) Long bias, Entry at support level $19.46 after exhaustive volume trend with consolidation, PA tested this support for ~30 (yellow box). P1 at VPOC R-lvl, P2 at floor turns to ceiling intraday level, P3 at some random level (poor take), P4 at new HOD. Held 100 shares and added 200 shares (cum = 300) for swing trade because on daily chart this ticker sold off HARD and has been strong 7+ days. Overall grade = A. Good trade over all, could have waited a little longer to enter the trade at 100 SMA test, P3 was on panic? poor partial, P4 was slightly early but L2 was iffy. NI – Better entries, recognize the strength of the market and "trend day" - take larger position to maximize P/L to make week goal, instead of a daily P/L goal. Final Review: Goal for Day – FAIL, DT-ed instead of only manage swing positions. Day was GREEN (7X Goal). Am I being to hard on myself since I am new or did I just get lucky? I think its the latter, if MRNA wouldn't have worked out I would have ended RED (-6X Goal or 1.8% of account value). Things I do well: Wait to partial at higher Rs, however this is with limited amount of shares, need to work on partialing strategy. Things I do poorly: Bad entries, chasing FOMO, too extended. TM is poor due to unbalanced R:R

Thanks for these Jason!

Matthew, Would you be willing to share the word document version so that I can enlarge the image? If so my email is: [email protected]

Where are your awesome journal entries?

Matthew, Thank you for summarizing, I have something similar via powerpoint but I struggle to summarize. Mine are a little too detailed for quick view. This is awesome. I can share a google drive if you want to view my version.

My set-up: Is currently still under construction . My brother-in-law (Rockis) builds gaming computers for cost plus 10-20%. I was initially looking at some of the computers that Falcon Trading Systems builds for inspiration and sent the specs to Rockis, he mentioned he could build a more balanced unit for less. But being a Macbook Pro user I was afraid of a PC becoming obsolete in 2 years so I asked him to build it in overkill mode. Below are the specs with the exception of the PSU which we could not source due to the pandemic and shortages. CPU: AMD Ryzen 9 3950X 3.5 GHz 16-Core Processor CPU Cooler: Corsair H115i PRO 55.4 CFM Liquid CPU Cooler Thermal Compound: Arctic Silver 5 High-Density Polysynthetic Silver 3.5 g Thermal Paste Motherboard: MSI MEG X570 UNIFY ATX AM4 Motherboard Memory: G.Skill Trident Z Neo 32 GB (2 x 16 GB) DDR4-3600 CL16 Memory Storage: Samsung 970 Evo 500 GB M.2-2280 NVME Solid State Drive Storage: Samsung 860 Evo 1 TB 2.5" Solid State Drive Video Card: ASRock Radeon RX 5700 XT 8 GB Taichi X OC+ Video Card Case: NZXT H510 ATX Mid Tower Case Power Supply: EVGA SuperNOVA G3 850 W 80+ Gold Certified Fully Modular ATX Power Supply Operating System: Microsoft Windows 10 Home OEM 64-bit Case Fan: Noctua NF-F12 PWM 54.97 CFM 120 mm Fan Case Fan: Noctua NF-F12 PWM 54.97 CFM 120 mm Fan Keyboard: Cosair K95 RGB Platinum Mechanical Gaming keyboard Mouse: Cosair Ironclaw RGB mouse Accessories: Elgato StreamDeck XL Monitors: 6 Asus VN279QL 27" Full HD 1920X1080 Monitor Mount: ErgoPlaza Innovative STX-33W 3 over 3 Wide Monitor Mount Desk: EvoDesk Studio L Pro Chair: TBD

BBT-ers, I recently joined the ranks of DAS Trader Pro with Deluxe Plus Package which includes Totalview, Arcabook, IEX, Emini or FX. Let me start by stating what I do understand. I found that in order to have NYSE Arcabook and NASDAQ Totalview you have to first subscribe to AMEX (Network B/CTA), NASDAQ (Network C/UTP), and NYSE (Network A/CTA). So I am correct in assuming that since we have Totalview and Arcabook that we also have the 3 level 1 NBBO's? I also found that Amex (Network B/CTA) is now named NYSE American, which includes BATS, ARCA, IEX and Regional exchanges level 1 data. Does this also include the L2 data via the Totalview or Arcabook? NASDAQ Totalview - Does this include all market makers and other ecn's? such as BATS, EDGA and EDGX? NYSE Openbook - Why do we not have this data feed? Arcabook - Are Arcabook and NYSE Openbook one and the same since Arca is owned by NYSE? and is that the reason we do not have NYSE Openbook? We get Emini or FX not both, how do choose one or the other? I don't plan on trading Emini futures or options through DAS, wouldn't it be more beneficial to have NYSE Openbook instead? I read about IEX but did not really find any information about the need for this feed. I did find information stating that its free to all so I don't see the point in removing it it, can someone explain some of the benefits of having IEX? Thank you in advance... Luis

BBT, Any idea when DAS will have the L2 on the Replay?, as Carlos M mentioned (in the video) this will be a super bonus and I would most certainly opt for the $165/month account to have this feature. I think this feature would also help reduce overtrading as one can go into the replay mode and do some trade review on a good or bad trade.

Abiel, Thanks for quick response. In comparing the 165 vs 150 per month it appears that 'Replay L1' is the only difference. Andrew posted a video on replay on 1.20.2020, is this what that feature is/adds? I couldn't find info on the said Replay Level 1. Could you explain what 15/ month addition gets us and the benefit of it?

Hi, I recently opened my IB account, have not funded it yet. I am getting ready to download DAS Pro but I will be In and OUT of LIVE and SIM for a few/several weeks. I do plan to trade live but will spend most time in SIM. Does the Deluxe Package give you L2, float, and all the data feeds required to DT? Thank you

Hi BBT, My name is Luis Servin (Luis in chatroom), I grew up in Boerne, TX (pronounced Burn-E) which is in the hill country northwest of San Antonio, TX. I am a former O&G engineer. This job has taken me to several U.S. cities as well as some foreign assignments. However, during the recent downturn (oil price war paired with COVID-19) I decided I'd had enough corporate world for one life. I have owned two businesses throughout my life, one of which was successful enough to sell - the point is that I prefer to work for myself. I have been swing trading and long term trading for ~10 years and now its time to try my hand at day trading. I am excited to take on this new career. I did some extensive research and found BBT to be the most professional and well-rounded group/community so I became a LT member approximately 1 month ago. It has been a smooth and enjoyable transition for many reasons, the hospitality extended by all the members and the moderators has been awesome and welcoming, thank you all! I am currently building a PC with 6 monitor set up in a new house that my life partner Marta and I are building near Boerne, TX - life has brought me back full circle to where I grew up. I mention the new PC+trading set-up because I gave this new career a lot of thought before investing the money to be a PDT. Lastly, I am extremely excited and diligent to learn from everyone willing to share their trading experiences. I am looking forward to meeting up with other traders and being part of this awesome trading community. Best Regards, Luis M. Servin