hailchaser2 185 Posted March 21, 2019 I've been trading in a different simulator since Jan 29th 2019. I started using DAS this week as part of the BBT challenge. Im not very good at editing my screen shots, but hopefully I get better as I do these journal entries. Made a mistake putting order in first thing. Trade one: My plan was to go short when it broke below 17.00 with target of 16.00 and stop of 17.25 or go long when it broke above 17.81 with target of 18.60 and stop of 17.60. I got in and added to my position as the price rose (this whole time Andrew was also shorting the stock) I watched the price spike twice to my stop, a stayed in because it would immediately fall back down. Then I covered at 17.35. I SHOULD HAVE STUCK TO MY ORIGINAL STOP. Trade two: I got back in short (should have waited longer, did this as a revenge trade), added to position when it spiked and failed. Took profits several minutes later, I was practicing putting orders in as I did this. Trade three: When I saw it fail to move above the 200 average on the 1 minute, I went short again, the first partial on this trade was a mistake, messing with orders again. The stock slowly fell throughout the rest of the day. . Thanks for taking the time to look, any feedback is welcomed. 4 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted March 23, 2019 Thursday 3-21. Horrible day. Kept trying to long a falling stock. Each time doubled my entry share size to try and make up for the prior loss(es). Ended up -$5,555.....Once my losses hit $1,000, I lose it. This has now happened twice since I started trading. Glad these have just been sim accounts. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted March 23, 2019 Friday 3-22 Only made one plan before the open. I did not wait the 3 minutes like my rule states before trading, I traded on the first candle. Trade 1 Shorted, then added to position, took profits on reversal. Trade 2 Long, took profits, then final at break even Trade 3 Short, could have held for more profits, but decent trade. P&L Trades Hand written journal entries 2 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted March 23, 2019 Tonight, added some more hotkeys, and put stickers on the buttons. Even though Andrew stresses in his books that traders need to use hotkeys to be successful, I didn't realize how much of a difference it makes until I started using them.....and its only been one day. I'll never go back to point and mouse click. 4 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
Mohammedsahmed 5 Posted March 25, 2019 I pretty much did the same thing, but hotkey mistakes are really messing up my trading. Ive since introduced HOT Buttons in muy montage and are pretty clear to me. I still use hotkeys but have these just in case as some hot key mistakes can be costly in the challenge on monday. Looks like you are well prepared. I have to start journaling. I like the idea of putting sticker on the keyboard Good luck friend. 3 Share this post Link to post Share on other sites
hailchaser2 185 Posted March 27, 2019 Monday, first day of the BBT challenge!!!!!! I broke two of my rules at the open, Don't trade stocks under $10 and Don't trade the first 5 minutes. Hey, I'm trying to win, and I didn't think $100-$200 a day was going to do it. So I had to be aggressive. Got lucky and it worked out on CRIS, 25% BP short!!!! After that giant win I went to AMD Got Lucky on AMD too, the 844 Short was actually a mistake, my stop loss at break even had the earlier share size, I had taken partials and didn't resend the stop. Lady Luck was on my side for Day 1 of the challenge......But after trading I found out I needed to pack up my tools and hotel room and leave Colorado and head to Dallas. So it was time to say goodbye to my old trading station. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted March 27, 2019 Tuesday, day 2 BBT challenge. Well, I was still driving to Dallas this morning, so I pulled over at a truck stop to trade the open. I don't suggest jumping in at 9:31 in your Jeep without listening to the pre show, without any type of trading plan, and start trading. I took a stab at a long first, but got out when it started looking bad. Then I had a very premature entry on AMD, but it ended up working out. I should have waited for the re-test of VWAP to fail.....but I was impatient, needing to get back on the road.....AMD actually fell the rest of the day.....if it weren't for work, I could have rode it all the way down. So it wasn't a complete disaster, still a little green. And I found some sweet gas station sun glasses for $19.99 I finally made it to my new location and set up my new trading station for tomorrow morning. Look out challenge peeps, I won't be at a truck stop tomorrow If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
Stuart 16 Posted March 27, 2019 At least they have decent coffee at Love's! (Not sure how the beer selection is). lol Good luck at the new base. Stuart 1 Share this post Link to post Share on other sites
Stuart 16 Posted March 27, 2019 On 3/22/2019 at 11:35 PM, hailchaser2 said: Friday 3-22 Only made one plan before the open. I did not wait the 3 minutes like my rule states before trading, I traded on the first candle. Trade 1 Shorted, then added to position, took profits on reversal. Trade 2 Long, took profits, then final at break even Trade 3 Short, could have held for more profits, but decent trade. P&L Trades Hand written journal entries Nice journal work. I like the "If/Then" thought process! On 3/22/2019 at 11:35 PM, hailchaser2 said: Friday 3-22 Only made one plan before the open. I did not wait the 3 minutes like my rule states before trading, I traded on the first candle. Trade 1 Shorted, then added to position, took profits on reversal. Trade 2 Long, took profits, then final at break even Trade 3 Short, could have held for more profits, but decent trade. P&L Trades Hand written journal entries Nice Journal. I like the "If/Then" thought process. 1 Share this post Link to post Share on other sites
hailchaser2 185 Posted March 28, 2019 Day one trading in Dallas did not go as planned. When I saw this morning that I was not in the top ten in the challenge I told myself I needed a big day to make up for my "Truck Stop Trading" yesterday. Well I didn't just have a big day I had a HUGE day..........A HUGE DAY OF FEES AND COMMISSIONS. It all started fine I was a bit upset that I didn't let some of that trade ride lower, so I should have cleared my head of those thoughts, but I didn't. Then all H#LL broke loose. I started trading other stocks, started believing CRON had to reverse back to VWAP, and even started trading the dangerous RBZ late in the day. I think this challenge is making me trade worse, I will be relieved when this week is over and I won't be competing against anyone....only my own demons, which I believe I can control under regular trading circumstances. LOOK AT THIS ALL DAY CHRISTMAS TREE CHART!!!!!!! WTF was I doing???? Here was my original plan So my account took a big hit today I found out later, I didn't even need to make ground up, I was actually still in 12th place before today, hopefully today didn't ruin my chances. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted March 28, 2019 Forgot my journal pic for Wednesday. A big fat F for my grade today. If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted March 28, 2019 Just added two more HotKeys, stop losses for 0.10, I only had 0.20 set up. If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted March 29, 2019 (edited) One more day of the Challenge. Today I traded poorly just like yesterday. Fees and Commissions pile up when you are firing away trying to make up for your last bad decision. My FB trades got way out of hand. Later in the day I did make a couple of normal trades. Hopefully next week I will fall back into my normal trading habits. Pre Market Plans 2 Days in a row with a Christmas tree chart in my recap.....Not Good! Im going for a home run tomorrow in the open, I think that's my only chance to win now. Edited March 29, 2019 by hailchaser2 2 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted February 6, 2020 Since my last recap which was March of last year, I spent most of the spring and summer of 2019 trading CFD’s instead of stocks. That went terribly and I lost several thousand dollars while blowing up a few accounts. I would watch the pre market show here but then switch to the chat room of the other place I was trading the CFDs through. I would do well when I traded the stocks we talked about with Carlos and Norm. When I got pulled into the trades this other “Guru” was trading, I would lose big. When I blew up my last CFD account in October I decided my next attempt would be to get a real broker, and slowly make enough profits to buy a lifetime membership here so I could be in the chat with BBT members. I started trading in sims again in January. I also decided to become a lifetime member BEFORE I opened a real account. I just wish there would have been a holiday sale on the installment plan. Still worth the price IMO. Now I have a funded CMEG account and am excited about this promising reboot. Next week sometime, I will step back into the live world of trading. Over the weekend I will find some time to post in this thread what my goals are and what steps I need to take to reach those goals. 1 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
hailchaser2 185 Posted February 7, 2020 Had my daughter laminate some trading materials I want to keep on my desk. 2 If you don’t have a mountain to climb, find one. Share this post Link to post Share on other sites
