Daniel Meakin 96 Posted September 27, 2019 26/9/19 so ive gotta wait another month before i can live trade, so im going to use this time to follow my live rules and try to get rid of any bad habits i have. so in sim im going to allow 3 trades per day, 1 ORB with a good pullback, 1 trade after 10.30, either a VWAP hold/bounce or and pendant triangle, and 1 trade after 12. 5 trades: 2 winners (ORB, double bottom reversal) 2 losers (no setup, pendant breakout) 1 winner that i let turn into a loser (pendant breakout) Trade 1: this wasnt a trade in my playbook but i see this happen all the time, no volume in the first minute, then as soon as it picks a direction it spikes, thinking about adding this to my playbook. Trade 2: this was not a good setup dont really know what i was thinking. Trade 3: pendant breakout, again these never seem to work until a bit later in the day. Trade 4: pendant breakout which worked really well, but as soon as SPY dumped it followed it through the floor and i shouldve got out way earlier. Trade 5: i saw a double bottom near VWAP so waited for a pull back and got in, got a good partial it was just moving so slowly and i had to be somewhere so i got out. Share this post Link to post Share on other sites
Daniel Meakin 96 Posted September 27, 2019 27/9/19 decent day today, stuck to my rules, only did 2 trades even though i planned 3 because my heads in a weird place after some news so feel to stop while im up. 2 trades: 1 winner (ORB) 1 loser (descending triangle) Trade 1:WFC did the thing i like when it has no volume for the first minute then picks a direction, i missed the first move so waited for the 5 min ORB pullback to at least half the previous 5 min candle and got in for a great trade and got 4 Rs. Trade 2: lower lows on ROKU with a clear resistance line, triied to get in near the resistance but the spread was bad, it broke the support and didnt carry on so i shouldve got out at b/e but held then panicked and made a hotkey mistake but still only just over 1 R loss. 2 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 1, 2019 30/9/19 only took 1 trade today, just didnt see anything i really liked which isnt a bad thing. 1 loser (VWAP hold) Trade 1: BABA gapped up so after a VWAP reversal i waited for a VWAP test, it wasnt perfect but went long but stopped out. I did notice a lot of buying at a level but the price wouldnt break above it which is something kurt was talking about last week which is a bearish sign, which was good to see and in future maybe ill use that as a signal to get out early if its in a consolidation area. 2 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 2, 2019 (edited) 1/10/19 only 2 trades today, trying to be more selective means im not seeing anything i like at all. maybe i need to be a little less selective, ill have a play around tomorrow. 2 losers (10 min ORB, ABCD) Trade 1: after looking weak i went short near VWAP after a pullback, this wasnt the greatest setup but because i didnt catch an ORB i got in anyway. Trade 2: X was super strong at the open, it sold off and did a 50% retracement then found some support, it was a gap up with all moving averages below the price action so went long with stop below the support but had to stop out. Edited October 2, 2019 by Daniel Meakin 1 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 2, 2019 2/10/19 messed up my head today so had to stop after my second trade and just carried on watching. 2 losers (ORB, mixed trade) Trade 1: ORB volume seemed to come in for the bears so on a pull back went short but stopped out. Trade 2: aftter a V reversal and holding VWAP i went long for an ABCD and got a good partial. when it came back down i was trying to pay a lot of attention to the tape, and at 20.40 there was so much buying and nothing on the level 2 which made me think hidden seller, so after it couldnt break it i switched positions, then in all started to go wrong, my stop from the previous trade got filled so i now had 2x shares, which was okay because i was confident. i got to almost 4R but was had a level in mind before i got out. i held to VWAP and it broke so i tried to get out but accidently doubled my position again, then it went my way again and then i did the same thing AGAIN before i finally got out. but the most annoying thing was if i kept to my original stop loss on the other side of the big buyer i never wouldve been stopped out and wouldve gotten the full 5R move. so yeah that messed me up and i stopped taking trades from then. Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 3, 2019 3/10/19 another frustrating day today but feeling okay about it. 2 losers (ORB, wedge breakup and VWAP hold) Trade 1: stock seemed really strong, waited for a big low volume pullback but stopped out. Trade 2: so i saw a rough ascending triangle so went long close to the support line with stop below the previous low. i added above VWAP once it held, i was feeling confident about this but i had to leave to buy some tickets so i set my stop at my average entry price, and stopped out by 3 pennies but if i gave myself a 1 R buffer it wouldve worked out, its currently at 4Rs at the time of writing, but if i was watching it i wouldnt have stopped out at b/e so not too annoyed about it. 3 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 4, 2019 4/10/19 took too many trades today breaking my rule but just felt like trying some stuff out, i still in my head think this would be a live trade and others wouldnt but whatever Trade 1: gapped down stock, was waiting for a rising devil but it didnt pop up to VWAP, it had no volume in the first 3 min then picked a direction with a 15500 order on the bid so i went short, didnt partial at 2:1 which i should have. it started to make a descending triangle but eventually broke through VWAP, i got out when i saw a big seller get out the way on the tape. unfortunately it didnt hit where my stop was and turned back into a really nice short but still happy with it. 2 small winners (ORB, wedge breakup) 2 losers (wedge breakups) Trade 2: saw an ascending wedge on AAPL and stopped out then the move didnt pop out of the resistance. Trade 3: got suckered twice doing the same thing. apple was a dick today. Trade 4: another ascending wedge, it popped up came back down but didnt touch my stop, got greedy and didnt partial until 3:1 which was as high as it went so got out when it made a 15 min new low. Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 8, 2019 8/10/19 good day today. started with a winning trade but i broke my rules quite badly and it shook me up so i went away, came back clear headed ish and carried on. 3 trades: 2 winners (ORB, pendant) 1 loser (trend trade) Trade 1: kurt called out the big buyer on AMBA so i went to set a limit order for an entry near VWAP but messed up and accidentally got in early with a too big share size. i decided to stay in anyway until my original stop even though i went past my 1 R risk. so i shouldve stopped out but because i had confidence in the setup i stayed in until i got my 2Rs. but i was still annoyed with myself. Trade 2: DPZ had an amazing day and i wanted a piece :p waited for a rejection of the 9 EMA on the 5 which worked earlier in the day. my stop was 2 points though so was asking for quite a large move. anyway it started reversing so i got out. Trade 3: what a trade. saw a perfect pendant form over a long time, holding the support trend line perfectly. I got in on the break with high volume and it just exploded. partialled quickly for good profit. i got added when i saw the support for an ABCD but got completely out when it lost that. still a good 3R+ trade in minutes. 2 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 21, 2019 21/10/19 ive been really ill for over a week now so havent been trading. im going live today but with the intention of only doing minimal trades per day/week and only taking A+ setups Did so well all day not taking any trades because they werent perfect and then took a stupid setup right at the end because i watched so many of my good trades pass. Trade 1: basically took this trade because there was a huge seller at 45, if anything i shouldve taken it long since it was ascending but really i shouldve just stayed away. 1 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 22, 2019 22/10/19 bad day hitting max loss. broke my rules and overtraded. annoyed because my new broker doesnt give a free simulator with the margin account so need to be stricter with myself if its going to work or ill have to go back to sim full time. Trade 1: ORB with low volume pullback, didnt work out. 21/10/19 Trade 2: sold the breakout of a pendant, got 1 partial then got out early for no reason, wouldve got another partial if i left it. need to learn to let my stocks go to b/e. Trade 3: another pendant breakout that i was right about but scared myself out of it for some reason. Trade 4: got into a wedge breakup late then didnt get out when it broke the support. stupid. Trade 5: got in for a wedge breakup near the support line, great entry, got 1 partial then out early when i thought it was breaking down, then when it didnt i got back in revenge trading... Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 23, 2019 23/10/19 Really awful day i went absolutely mental, feeling really overwhelmed by the emotions of it all to be honest and now feeling pretty miserable. i know i can take the right trades but my brain is telling me to be an idiot and take things that arent in my A+ setups... Trade 1: tried to take an engulfing on TXN after a pullback after a big red high volume candle but stopped out. Trade 2: BSX looked like it lost VWAP after a retest so i went short but was paying too much attention to the level 2 and making stuff up in my head without proper indicators and thought there was a big buyer at 40.23 so got out and then went long on overtrading and inevitably stopped out. Trade 4: went long for a break of a pendant, when it doesnt immediately break i tend to get out quickly, however i didnt cancel my stop order so when it broke the other way i got into the reverse trade and didnt realise for a while and ended up stopping out of that. didnt take this trade as i wasnt watching but this is the kind of thing i should be waiting for and paying attention to. nice pendant formed, 3+ touches to the top, broke the bottom with very increased volume, that would be my perfect entry and just lost it instantly moving about 4-5 Rs. 1 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 24, 2019 24/10/19 much better day today exercising patience, nothing i liked at the open and so waited until 11:30 before i saw something i liked and got 1 and done with a 4.5 R winner. Trade 1: pendant formed on TSLA after a reversal from LOD, it broke out the top with increasing volume and never looked back. got good partials along the way and stopped out at a new 15 min low. 2 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 25, 2019 25/10/19 max loss today think i was trying to force stuff. Trade 1: ORB on ROKU this looked good, increasing vol going down, low vol pullback and VWAP rejection, but went up and stopped out. Trade 2: pendant breakout but got in late and it didnt have the volume on the break i like to see so shouldnt have taken this. got out for a small loss. Trade 3: same again but again no volume on the break... Trade 4: descending triangle but i didnt get the entry i like and the breakout failed and broke the resistance line so took it long and got some good partials, shouldve taken more at the top though, only ended up being a 2 R winner. Trade 5: This was an ABCD but got in after a hammer when i shouldve waited for a higher low then confirmation of a new high. Trade 6: pendant breakout again with no volume... need to restrict myself with these more. 2 Share this post Link to post Share on other sites
Daniel Meakin 96 Posted October 28, 2019 28/10/19 I am not ready for live trading. breaking rules, dont have a clear idea about how to manage my trades. still letting emotions rule me. closing my account and going back to sim for 3 months so i can build a proper strategy without blowing any more money. Trade 1: went for an ABCD on TSLA, waited for a new 5 min high, when it went my way i added more because i felt like my stop was so far away. it then started to go against me and hit my max loss per trade but i didnt stop out because it didnt hit where i thought my stop should be at the new low. then finally stopped out when the breakout didnt go my way for a 1.5 R loser. Trade 2: saw the pendant form, waited for the break with volume, set my stop appropriately above the previous 5 min high but stopped out early as soon as it went against me and then it went 2R at the time of writing in my direction so again horrible trade management. 2 Share this post Link to post Share on other sites
IamKarthi 342 Posted October 28, 2019 $LPT trade seems to be fine to me. You had your Stoploss and you respected it. That's good trade management. What the stock does after that is irrelevant. Share this post Link to post Share on other sites
