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dodgedak

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Posts posted by dodgedak


  1. 1 hour ago, DollarBill said:

    image.thumb.png.49a57ed606fd934419fe4ce56de53bcf.png

    Interesting shake out before trend reversal on two different stocks and different days.

     

     

    that is the repeated buying pressure, imo.  Someone like Thor typically enters there.   Those entries don't always work for me, but Thor (and sometimes Brian too) take those with high success

     


  2.  

    Technical / Execution

    Things that went good

    1. Had a plan and stuck to it

    Opportunity for improvement

    1. Better partials

    2. Entry should be at the bottom of a mini trend, not at the top; or, stop should be wide

    Emotional

    1. Need to get better sleep

     

    • Like 1

  3. I found the execution of this incredibly hard.   I sat on my hands for the first 15 minutes, and today most of what I was watching dumped in the first 15 minutes. And I found myself shorting things right at or slightly abvoe VWAP as the action at open made me short biased.  I ended the day down 3R.  I definitely overtraded today which is the demon I am fighting

    Grade: Needs improvement

    Biggest area of improvement:  OVertrading

    REsult: - 3R

    Observation of the day: When the SPY was going up, because of the dump at open, I was still short biased.  Market overrides everything

    Conclusion:  Need to adapt R goal with market and tape.  Still not given up on the idea.  But this volatile market demands less rigidity, perhaps.  


  4. 11 hours ago, Rob C said:

    Hi Zen, welcome. What do you mean by "2 confirmations after breakout"? You mean two 1min candles above/below the breakout?

    2 up and down.  1 min candles early in the day and 5 min candles later int he day.  ticker goes up, pulls back, goes up to a new high and pulls back to a higher low


  5. Starting this thread to post my Day trading journal.

    Starting this week I am experimenting with taking just 3 trades. (this is to overcome my overtrading habits). Goal for each trade will be 3R.  So I make 3R or lose 1R.

    Here is 12 point check list I have for entering a trade.

      RULES for entering a trade    
           
      LONG   SHORT
    1 Catalyst   Catalyst
    2 Daily chart is favorable   Daily chart is favorable
    3 SPY in your favor   SPY in your favor
    4 Harmonious charts   Harmonious charts
    5 RVOL > = 2   RVOL > = 2
    6 Above VWAP   Below VWAP
    7 2 confirmations after breakout   2 confirmations after breakout
    8 Volume coming in   Volume coming in
    9 Above moving averages   Below moving averages
    10 Big Ask at a distance   Big Bid at a distance
    11 Bids stacking up   Asks stacking up
    12 3 R  IS FEASIBLE   3 R IS FEASIBLE
    • Like 1
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