New Trader Journal

[hailchaser2 185]

Wednesday +0.41R 4/5

2:1? 3/4

4:1? 3/4

 

BOXL, SIM pre-market trade +0.88R

 

MSFT 1MinOrbUp +0.15R

I second guessed myself after entering because of that crazy wick on the 2nd candle. So I took a quick partial, then got stopped at B/E

2:1? YES

4:1? YES

 

WFC 1MinOrbUp +0.23R

I had a bias long because of sector rotation into banks yesterday, this is not my 1MinOrb setup, so again I realized this after entering and took a quick partial and stopped at B/E

2:1? NO

4:1? NO

 

MGM 5MinOrbDown +0.16R

My uncertainty from the first two entries stuck with me on this one.

2:1? YES

4:1? YES

 

MRNA 5MinOrbDown +0.91R

2:1? YES

4:1? YES

 

 

ROKU BOUp@Level -1.0R

Not a setup I should be taking. I did do a great job not revenge trading this one. I wanted to short when it lost VWAP, then go long when it regained VWAP, then long near HOD, then short after double top. I kept telling myself, "Look at that shitty 5Min chart, there is NO TRADE HERE, MOVE ON" So I guess that is a big positive!

 

My uncertainty continues to haunt me. 

11/12 winners would have made 2:1 before hitting my stop, I don't know why this psychological hurdle is so difficult for me to conquer. 

Hell, 9/12 have hit 4:1 before hitting my stop.

I think I'm going to put an order in at 2:1 tomorrow for 50% and see if that helps at all.

I've even considered the 100% 2:1 or stop range order to help with this issue. 

[hailchaser2 185]

Thursday -0.68R, 3/7

2:1? 3/3

4:1? 1/3

 

MU.1 1MinOrbDown +0.35R

2:1? YES

4:1? NO

MU.2 BODown@Level -1.2R

MU.3 BODown@Level +1.5R

2:1? YES

4:1? YES

 

 

 

NVAX 1MinOrbUp +1.1R

2:1? YES

4:1? NO

 

 

NKLA 5MinOrbUp -1.0R

I prefer to enter on the pullback of a 5MinOrb and closer to VWAP. Had I entered better I would have survived the pullbacks, this thing ran up $3 before lunch

 

CSCO 5MinOrbDown -0.95R

Looked good for 5MinOrbDown with ABCD on 1Min, just didn't work out

 

DIS BOUP@Level -0.5R

HOD break and PCL break, barely got stopped out before the move.

 

Still didn't wait for 2:1 on any of my trades. All 3 winners would have made 2:1.

[Christopher 129]

Your hit rate with the orbs is great! Why not try a day where you go all or nothing 2 to 1? Delete your partial button, let me see those 2R ORBS!!! 

 

[hailchaser2 185]

26 minutes ago, Christopher Patterson said:

Your hit rate with the orbs is great! Why not try a day where you go all or nothing 2 to 1? Delete your partial button, let me see those 2R ORBS!!! 

 

yeah, I just did some quick figuring, and I think my Orbs this week would be +20R if I had implemented the 2:1, all or nothing.

[hailchaser2 185]

I had 5 margaritas with dinner toni9ght, so forgive me if is lur my words.

Friday 3/4 +1.6R

2:1? 2/3

4:1? 0/3

 

RKT.1 Pre Market BS (BullShit) -0.35R

RKT.2 Pre Market BS (BullShit) +0.35R

I get bored during the pre-market, I think next week I'm goi8ng to workout during the pre-market show to keeop me occupired.

2:1? NO

4:1? NO

 

 

 

AMAT 1MinOrbUp (I missed the one minute and ebntered on the 2Min) +1.1 R

2:1? YES

4:1? NO

 

 BIDU 5MinOrbDowbn +0.47R

2:1? YES

4:1? NO

I tried shorting IQ twoce at 19.01, but it was on SSR, then I remebered BIDU was tied to the bad news so i switched over tho this stock for the 5 MinOrb.

 

I feel good about today becauser I only traded two times after the open, I did a good job of not tring to fprgce a trade. Nothing on my watchlist gave me a good signal to enter. well done pupil;.

 

 

Edited August 15, 2020 by hailchaser2

[hailchaser2 185]

This week 16/18 winners would have hit 2:1.....I'm thinking I really should do 2:1 all or nothing next week......if nothing else, at least I should do it for my 5MinOrbs, if I scalp my 1MinOrbs that's ok, but I should put the 2:1 order in on my 5MinOrbs.

[tntp45 53]

Add Margaritas !

[hailchaser2 185]

3 minutes ago, tntp45 said:

Add Margaritas !

 

[tntp45 53]

Nice !!

[hailchaser2 185]

Monday  +1.4R  4/4

2:1? 2/4

4:1? 1/4

 

WMT 1MinOrbUp +0.37R

2:1? YES

4:1? NO

For some reason I had my stop at bottom of first candle, I usually do it below VWAP.

 

 

 

UBER 5MinOrbDown +0.14R

2:1? NO

4:1? NO

Again a really wide stop, hmmmm. what was I thinking this AM?

 

 

NVDA.1 Double Top +0.18R

2:1? NO

4:1? NO

NVDA.2 BOUp@Level +0.76R

2:1? YES

4:1? YES

 

 

Traded pretty sloppy today, I was fortunate to be green.

Edited August 18, 2020 by hailchaser2

[tntp45 53]

Good to be Green !

Four for Four !  Nice !

[hailchaser2 185]

Tuesday 6/9 +1.38R

2:1? 3/6

4:1? 2/6

 

BA.1  1MinOrbDown +0.13R

2:1? NO

4:1? NO

BA.2  1MinOrbDown again +0.46R

2:1? NO

4:1? NO

BA.3 BODown@Level +0.95R

2:1? YES

4:1? YES

 

 

SE 5MinOrbUp -0.85R

 

ROKU BOUp@Level +0.97R

2:1? YES

4:1? NO

 

 

GRWG.1 5MinOrbDown +0.67R

2:1? NO

4:1? NO

GRWG.2 Aiman Reversal (kind of) -0.07R

2:1 YES

4:1 YES

Got cold feet on the 2nd trade, it was time to leave for work, so I exited near B/E

 

 

SQ BODown@Level -1.0R

It looks like I chased this trade, but it broke wicked up twice on the 1Min candle, then broke LOD, didn't have volume and momentum to break down though.

 

 

Edited August 19, 2020 by hailchaser2

[hailchaser2 185]

Wednesday -2.3R 3/7

2:1? 2/3

4:1? 1.3

 

GILD.1 1MinOrbUp -1.1.R

GILD.2 BODown@Level -0.66R

 

 

TGT.1 1MinOrbDown -1.14R

TGT.2 5MinOrbUp +0.07

2:1? YES

4:1? YES

TGT.3 Double Top -1.02R

 

 

LOW 5MinOrbUp +0.24R

2:1? NO

4:1? NO

 

TJX 5MinOrbDown +1.3R

2:1? YES

4:1? NO

 

 

Premarket Trade In SIM

BMRN BODown@Level +1.35R

2:1? YES

4:1?YES

 

BA accidently traded in SIM instead of live, I didn't switch that montage window back to live account after trading in premarket. Long then 3 shorts, chickened out and exited my shorts because the same time I entered Andrew was going long on one of the airlines.

Long -0.15R

Shorts +0.26R

 

After reviewing, I ddin't trade as poorly as I thought. If I would have been patient with my TGT Long, my day would have been much better. I would not have taken the last TGT short or GILD short. I would have left for work with a green day, but I pressed today trying to get back to break even.

 

 

[tntp45 53]

We were looking at the same stocks today and almost took the exact same trades...

$GILD, $TGT

[hailchaser2 185]

Thursday 9/10 +2.4R

2:1? 5/9

4:1? 2/9

 

BA.1 Pre Market +0.05R Look at that bad fill on my exit! LOL

2:1? YES

4:1? YES

 

INTC 1MinOrbUp +0.39R

2:1? NO

4:1? NO

 

 

BA.2 1MinOrbDown +0.06R

2:1? NO

4:1? NO

 

BA.3 5MinOrbDown +0.9R

2:1? YES

4:1? NO

 

BA.4 LighningBoltUp +0.5R

2:1? YES

4:1? NO

 

AMD.1 5MinOrbDown -0.8R

should not have went short with the first 5 Min candle having a big bottom wick.

 

AMD.2 5MinOrbUp +0.1R

This ended up running to 8R, but I only made 0.1R on it because I was afraid of the daily levels above my entry, but looking at it now. thefirst 2 5 Min candles both had big wicks down, I should have had more confidence in this trade.

2:1? YES

4:1? YES

 

TGT.1 5MinOrbDown +0.16R

2:1? NO

4:1? NO

TGT.2 5MinOrbDown 0.12R

2:1? NO

4:1? NO

 

INTC.2 Double Bottom +0.94R

2:1? YES

4:1? NO