Patmartel27 37 Posted May 20, 2019 1 hour ago, Rob C said: Great prep work and thorough journal entry. But I wasn't able to access the links you had. So I couldn't see your trade on a chart. Thanks, I follow your 1 trade max advice. I dont understand why the link doesn't work. I put in as usual and when I open it it's work... Share this post Link to post Share on other sites
Rob C 826 Posted May 20, 2019 Yes, I am always able to see your charts previously. I am not sure why I can't now. I just get an error "Traderview forbidden". Share this post Link to post Share on other sites
Patmartel27 37 Posted May 20, 2019 (edited) 15 minutes ago, Rob C said: Yes, I am always able to see your charts previously. I am not sure why I can't now. I just get an error "Traderview forbidden". I changed someting I think now is gonna work Edited May 20, 2019 by Patmartel27 Share this post Link to post Share on other sites
Rob C 826 Posted May 20, 2019 Yep, I see it now. Great trade, worth the wait to see it. 1 Share this post Link to post Share on other sites
Mark D. 435 Posted May 20, 2019 20 hours ago, Rob C said: I feel a little uneasy giving advice since I am struggling so much on my own. Plus, I am sure Mark can explain things better than me. But what I thought I would do is list the changes I made that helped me and maybe you can find something useful in the list. My first 3 months of live trading I had 6 hulk days and 16 max/loss days. Since I made these changes 3.6 months ago I have had zero hulk days and zero max/loss days. 1) Switched brokers to CMEG so I could reduce my account size so blowing it up is not as much of an impact. 2) Added risk controls from CMEG/DAS. Realized max so it would prevent me from going hulk and unrealized in case I lose internet in the middle of a trade. 3) Made a simple goal for 3 months. Don’t go hulk. I could trade terribly but as long as I never went hulk I reached my goal. 4) Started with 1 trade per day max. I tried the 3/day rule during my first three unsuccessful months, but I kept breaking it. 1 trade a day is very much an on/off switch with very little gray area. It was REALLY painful and FOMO was high, but after a week it got easier. The satisfaction of having enough discipline to stop at 1 trade was enough to be proud of myself. After about one month I switched to two trades a day allowed if the first trade was a winner. If the first trade was a loser, I am done for the day. I use to trade terribly after a loser. 5) Remove the unrealized gain window. This was tough, but surprisingly after a week I got use to it. So that worked for me. Hopefully that helped. i'm in no position to give advice either! I agree with all this, hiding the unrealized window really helped me and as an additional note, DAS risk controls on both unrealized position and total realized for the day keep me from hulking out. i don't like having to use them but that's the reality of the situation. 3 Share this post Link to post Share on other sites
Patmartel27 37 Posted May 21, 2019 Routine: -My night was so so, my yougest daughter was sick so I get up several times -Reading -Music Psychological and physical state before session: -Calm -A little enthusiasm from yesterday result -Honnestly a little overconfident, I will have to focus and turn off this thoughs Goals for the day: -1 trade max -Patient, wait for a real setup and opportunity (save your ammo) Psychological and physical state after session: -Obviously I wish I took profit @ 54.15 but I didn't because it wasn't my plan and dont have any technical levels. But I'm ok with this is part of the game, I managed it good and I learned from it. What I did good -Preapartion and analysis -Have a good idea and follow my plan -Doesnt get disapointed when the price suddently goes against my and I reacted to this What I could did better -Being more aware of potential support/resistance and maybe taking part of profit, something like 1/4 of my position Big picture -Spy gap up 0.6% in premarket -Still some incertitude about China/US trade war -Also some incertitude about the relations with Iran -A lot of resistance near in the uspside of SPY in a daily chart (3MA just above actual price and daily levels) -Y low and YY low could be a potential support @ 285,50 and 285 Intraday fundamental -Gap down 10% in premarket -Bad earnings news Technical analysis long term -Trade below all MA -Next daily level give a great Risk/Reward -Trade below previous day range Technical analysis short term -Show some respect for VWAP and all MA in premarket -Bounce several times from premarket low @ 55.88 Reading the tape -At the beginning the tape was very clean but suddently it change -The second time it was much slower and shows some support level -Sometimes huge ask pass very fast Trade management -The first time prich shows respect to VWAP and level @ 55.83 so I went short -Put my order at 53.9 but price bounce at 54.15 so I didn't get fill -It was a huge squeeze and the tape really change so I said myself ok people cover so I get out with small profit -I was patient and telling myself if I had another opportunity I got it if not I'm ok with this. -Price goes to 55.83 (support level from premarket) ang go back down so I went short again this time my profit target was low of the day -I took some out @ 54.85 because it seems to be a potential support level -The stock struggle to went lower and big ask pass time to time -When I saw 54.70 could be a potential support level I put an order to cover half my position but I didn't get fill and the stock start to squeeze so I got out @ 55.09 Trade review -Overal I think it was a good trade, I like the idea and I manage it good, I could were more aware of the potential support to adapt my plan to exit -I think one major difference to my yesterday tradey is the SPY doesn't move in the same way as my trade 3 Share this post Link to post Share on other sites
Patmartel27 37 Posted May 24, 2019 Hey guys I didnt post my journal in the las 2 days, I will explain why and hope it can help someone. Wednesday I started pretty good follow my plan and quickly my money was made and I traded pretty well, I told me another one... I lost some of my profits, I wanted it back, so I started trading without real plan or setup and lost more and more and more and so on.... Close the day with a lose not a huge one but not a small one. Yesterday I was just totaly out of control from the open until I just force myself to leave. My worst Hulk day since I traded, I just cant recognize myself it was if it was someone else who traded, I just want my money back and I was willing to do anything, take huge position, double up, no plan, TSLA long, stopped, TSLA short, stopped, TSLA long, and so on. Result: very big lost and pain at this time I just wat quit trading. Last night I read and think a lot, my thoughts was I think what's hurt me most is that I traded so well monday and thuesday and was so in the zone, doing good preparation, taking good setup, follow muy rules and daily goals, I really though Hulk days was being me and just like Robert explain in this psychology series I relapse.... This morning I'm shaky, but I understand I learned a lot from this 2 days, most about myself and the psychology of trading, I look forward and build on this. Share this post Link to post Share on other sites
Tommy 55 Posted May 24, 2019 (edited) 51 minutes ago, Patmartel27 said: Hey guys I didnt post my journal in the las 2 days, I will explain why and hope it can help someone. Wednesday I started pretty good follow my plan and quickly my money was made and I traded pretty well, I told me another one... I lost some of my profits, I wanted it back, so I started trading without real plan or setup and lost more and more and more and so on.... Close the day with a lose not a huge one but not a small one. Yesterday I was just totaly out of control from the open until I just force myself to leave. My worst Hulk day since I traded, I just cant recognize myself it was if it was someone else who traded, I just want my money back and I was willing to do anything, take huge position, double up, no plan, TSLA long, stopped, TSLA short, stopped, TSLA long, and so on. Result: very big lost and pain at this time I just wat quit trading. Last night I read and think a lot, my thoughts was I think what's hurt me most is that I traded so well monday and thuesday and was so in the zone, doing good preparation, taking good setup, follow muy rules and daily goals, I really though Hulk days was being me and just like Robert explain in this psychology series I relapse.... This morning I'm shaky, but I understand I learned a lot from this 2 days, most about myself and the psychology of trading, I look forward and build on this. hey Man, you know what, you are not alone. been there done that. the important thing is that you realize how wrong you trading attitude was to not not do it again. dont try to forget the pain it causes, remember it , remember it well., when we work hard, one day(probably not in the near future in my case) we gonna take the money from suckers like you and me. Edited May 24, 2019 by Tommy 1 Share this post Link to post Share on other sites
Patmartel27 37 Posted May 24, 2019 Routine: -Reading -Music -5 minutes meditation (wich was pretty hard my mind was always thinking)¸ Psychological and physical state before session: -Shaky from yesterday -Not my best night I get to bed late and only had a 5.5h sleep -Some ambivalence about partialing to save profits or wait, hold trade vs momemtum Goals for the day: -2 trades max -Be very aware at how I feel Psychological and physical state after session: -Happy -Proud to get back from this bad day -Confident at my skills as a market learner and hard worker beginner trader -I know my biggest issue is to control my Hulk days and emotions when things goes bad What I did good -Come back from a lose in the beginning and stay focus -Had a good idea and take setup in my playbook -Wait most part for my profits target What I could did better -Follow my plan and what chart and tape told me -Improve my tape reading skill Strategy description Premarket breakdown -Stock gap down in premarket at least 2% -Trading mostly below VWAP in premarket -Most MA are above in all timeframes -Next technical level give good risk/reward Big picture -SPY gapped down yesterday -Little recovery in the premarket (about 0.4%) but not that much active -Next technical level give somme room Intraday fundamental -TSLA was in an hard down trend from the las days -A lot of news in the last days and negatives comments from analysts -Kind of bad sentiment about TSLA -Had a bounce yesterday -Gap up a little bit in premarket Long term technical analysis -Trending down -Next technical level give good R/R, PDC, YY low Short term technical analysis -Traded mostly below VWAP and MA exept 200SMA in premarket -Consolidate just above Y high in premarket Reading the tape -I'm really not an expert in this but I try to improve -There was occasionnaly big bid in the level 2 mostly when it break support level or whole number -There some pullback at the ask but often have a really clean stop at 9EMA on 2min chart When it break YY low it was a huge wave of at the bid for quite a while Trade management -This is the perfect exemple of good idea and bad execution and trade management -I get a very good entry and add more on a little pullback -I was nervous from by bad lost of yesterday so I partial, but made a hotkey mistake, wich really shake me so I exit most of my position quickly and cover the rest in a little pullback not near close to my b/e. -After I just teold myself ''It's a short it's a trade of my playbook, but I dont wait a good entry so I entered several bad places get stopped out or got cold feets. -I finaly get I decent entry when it break the low of day which seems a potential resistance level. -I partialed a little part of my position @ daily level 192.48, the bigger part @ Y low 191.90 and finally I exited the last part when it makes a new 5min high @ 191.05. I was really in the driver seat I think I should wait when it fails to make a new 15min low. Trade review -Good idea from my playbook -Good setup -My first entry was really good -My emotions made me took some bad decisions and not follow my plan -Happy to prove myself I can trade after this terrible day -If I was more confident there's a lot of place I could had to my position 4 Share this post Link to post Share on other sites
Patmartel27 37 Posted June 3, 2019 Hey guys, just few words to let you know I'm fine, my trading works good. I actually not posting my journal because I'm redefine my process and some of my trading strategies, I take a little step back to come back stronger. I thank all of you for support and advices, specially @Mike B, @Rob C, @Mark D., I'm not quitting trading at all I just need a step back to focus on the process and searching for the best way and style to me. I hope you guys doing good and I will still be in the chatroom and read your posts. 2 Share this post Link to post Share on other sites
Rob C 826 Posted June 3, 2019 11 minutes ago, Patmartel27 said: Hey guys, just few words to let you know I'm fine, my trading works good. I actually not posting my journal because I'm redefine my process and some of my trading strategies, I take a little step back to come back stronger. I thank all of you for support and advices, specially @Mike B, @Rob C, @Mark D., I'm not quitting trading at all I just need a step back to focus on the process and searching for the best way and style to me. I hope you guys doing good and I will still be in the chatroom and read your posts. That's good to hear. Hopefully we will see your new trades when your ready. Share this post Link to post Share on other sites
Mark D. 435 Posted June 5, 2019 On 6/3/2019 at 12:09 PM, Patmartel27 said: Hey guys, just few words to let you know I'm fine, my trading works good. I actually not posting my journal because I'm redefine my process and some of my trading strategies, I take a little step back to come back stronger. I thank all of you for support and advices, specially @Mike B, @Rob C, @Mark D., I'm not quitting trading at all I just need a step back to focus on the process and searching for the best way and style to me. I hope you guys doing good and I will still be in the chatroom and read your posts. Happy to hear! Share this post Link to post Share on other sites
