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Valentin

Valentin's Day Trading Journal

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Day 115 - Jun 25 , 2020 

17 Tickets

3 Symbols 

Green Day

 

Personal: Back in the routine, bed early, up early, meditate + read and then Premarket show. Working well

Goal for the day: Pass my report card. Playbook trades only and no adjusting stops.

 

Watchlist:

image.png.821f2cf2b8cf6ac289491db25b282b25.png

image.thumb.png.c99d73fa45345a2305f42b00aa6c079a.png

 

RVOL at open:

RAD: 980%

NCLH: 120%

MRNA: 150% (190% at time of trade)



Trades
 

NCLH - Long - Asymmetrical Triangle (Sub: Bull Pennant)

NCLH had a big gap at the open, found a base in the mid 14s then spiked right at the open. Consolidated and formed triangle. Took it on the breakout, stop below previous pivot low. Took partials at specific levels and then adjusted stop to Breakeven once I hit 2R.

Good: Happy with my partials into specific levels. PDC, Infront of big bid at 16 whole number, and 2R.

image.png.51fa243b345054c8d58e393c19ce5bea.pngimage.png.0907660a1c72711e0166192d47065361.png

 

 

RAD - Long - ABCD (5 and 15min)

RAD had a really nice push off open, positive catalysts with very high short float 28%. Found a high and then slowly sold off into VWAP forming ABCD on the 5 and 15 chart. Got long on break of 15.5 level and downward trendline. 1st partial and 2nd partial were unplanned, no need to partial there. 3rd and 4th partialed into HOD levels at 2R. 5th partial was pani partial as I was distracted. Final was on topping volume, and breakdown.

Good: Patient, waited for higher low and volume validation, entry on break of lvl 2 offer.

Improvement: Need to believe in my plays. There was no reason not to follow my game plan.
image.png.4fb47b31b9b43568c320e660476b605f.pngimage.png.825248adaf6d1afd5eb15ea9216136a3.png

 


MRNA - Long - Ascending Triangle 

Had this on secondary, had a huge flush down then found a bottom - chatroom called it out. Formed an ascending triangle and looked like accumulation so I took it long on the breakout looking for VWAP.

Good: Volume validation, confirming on breakout a waiting for bids to step above.
image.png.b6fbbe5add4af1b23e114d4ac3496215.pngimage.png.ed1e970fbec58ed1612479e779cd65a5.png



Trade Ideas (Missed Trades)

9:42 - RAD Asymmetrical Triangle breakout on volume (Stock called it out) - Winner

9:50 - RAD - Ascending triangle - Winner

10:51 - KBH limit player hold at 29.06 - Neither

11:00 - MRNA - bear pennant - not in playbook 60.4 entry 61.3 stop - Breakeven (1.3R winner)

11:07 - NCLH - Descending triangle-ish / Limit player, wait for 15.45 to break, test 15.33 PDL and short the retest of 15.45 (no entry)

11:53 - EKSO - Chasing Breakout Pullback? Was thinking long risking previous high 8.08 - needed a longer consolidation plus not in playbook.

 

Trade Review

Goal 1: Playbook Setups Only = PASS

Goal 2: No Adjusting = PASS

 

Felt great today, patience is key for me. Starting to follow my rules and am noticing results. Still thinking about adjusting stops during the trade but holding myself back - allowing my trades to play out rather then getting scared.

 

Next step is to really dive into specific setups and coming up with exit criteria - at the moment I am either exiting at specific/major levels or at 2/3/4 R.

 

Things I did well: Patient, PLAYBOOK SETUPS ONLY!, didn’t trade first 15 minutes, partialed into specific levels for the most part.

Things I did poorly: Take profits to quickly on RAD, missed a few great trades - RAD at the open - had Asymmetrical and Ascending triangle.....

 

Daily Report Card

1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) =  3/3 = 100%

2. Placing trades with defined risk, and profit targets (No adjusting) = 3/3 = 100%

 

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5 hours ago, Valentin said:

Hey Kendrick thanks for the feedback.

Honestly that is something I am battling with right now...I have just recently incorporated triangles into my playbook and am just working on "perfecting" the setups with entry/exit. Still very much a rookie at them....

From the top of my mind, I tend to have a much lower win rate buying before the breakout occurs, but the R/R is considerably better....Now that I have a decent sample size (120+ trades) I will do a deeper dive and look into Win Rate as well as R/R on those trades......as it might statically be better for me to buy in anticipation. Looking forward to a solid review this weekend!!
 

 

Aiman talked about triangle yesterday. It's amazing.

 

 

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Day 116 - Jun 26 , 2020 
9 Tickets
2 Symbols 
Red Day

 

Personal: Terrible sleep, ended up sleeping in as I was too tired. Came to screens late so deciding not to trade first 15-30 mins.

Goal for the day: Might not trade at all - if I do, needs to be super patient and 2-3 trades MAX.

 

Watchlist:

image.png.ba5aa31a052fcefe9781d256e5d025cb.png
image.png.c17a42f17db5b58b9765af3481b105e1.png

 

RVOL at open:

  • INO: 670%


Trades

GPS (1) - Short - Descending Triangle Ish

Looking weak heading into mirror level at 13.4, broke below and consolidated -  Took it as we broke the 13.3 level but got bought right back up. Not a clear triangle here, was just liking the weakness below VWAP as it was unable to push back up. SPY also losing it. Fake breakdown and got bought right back up.

Note: Seemed like everyone in the room was taking the same trade - over crowded on the short…

image.png.5d621bf737db412cfc93f8b4867039eb.pngimage.png.f4bc830691dbce18aeced12b3ac28ce4.png


GPS (2) - Long - ABCD 5min

GPS consolidated round VWAP had a fake breakdown along with the SPY. Had a selling bar test but closed above VWAP and then had big buying volume come in - and broke out from daily level. Took it long in anticipation or retest HOD. Looking real weak. Double doji shooting star candles. SPY same thing - bull trap?

Improvement: Look at the 5 min volume on GPS….selling was obvious.

image.png.b3a6d7628f54284d3ddda87e8a7efec4.pngimage.png.944d394ac2178792736259dda43c05b8.png

 

Done till the afternoon - not reading market properly here.
 

INO - Short  - Descending Triangle Retest

INO selling off into VWAP - was looking for another bounce to complete the triangle. Ended up breakind down and took it as it failed to retest breakdown level. Not a great setup,. . So I shouldn’t be taking this, FOMO - I should have waited for the 5 min bar to close and played this as a 3 bar play on the breakdown - not a high probability play. Ended up dropping almost got to 2R but seemed extended so i took some off in front of 27.66 level. Offers started to step down and holding 28.5 and below and bids werent able to lift the offers...took partial as 28.5 lifted. Then failed breakdown but hit my 2R allowing me to adjust stop.
Note: This is a high short float, strong catalyst, runner…low probability play going short without waiting for confirmation. Watch this come up to VWAP and reject. HUGE bid down at 27.5 1300 lots
Good: Taking partials once its extended.
Improvement: Should have followed plan and taken 2R once it hit 27.66. 

image.png.2fb2407df8a39eea8fec2dee6728fbfa.pngimage.png.eb915afd05d9565c4f342d76ab72e7c1.png


Trade Ideas (Potential Trades)

9:52 - INO - Potential ABCD but didn’t get up to VWAP. 26.7ish ready (No Trade - Critera not met)

10:07 - INO VWAP Break and Go on break of 28.5, stop 27.49 - didn’t like the pullback though would be better if it was a bit deeper and then broke through VWAP again (Right Idea but Setup not clean)

10:15 - VXRT - This is exactly what SMB Monster Trade review was about. Huge green day, fail the top, this thing will FORSURE see 8.72-9 potential even down to 7 NO SHARES TO SHORT (Right Idea)

11:08 - Was looking to reshort GPS here on breakdown and re test/reject at the level - but have been tricked couple times - would have been better if it came back up to 13.39 for rejection - plus SPY moving up (Winner)

13:48 - NVAX bottoming volume would enter off the doji

14:54 - NVAX looks like bottoming volume came in, and now igniting volume - not sure entry or exit, but will see how this plays out. (Entry break of 78 and stop below VWAP?) (Loss)

14:58 - INO -  INO this is a PERFRECT SHORT (missed it) , downward trend, VWAP and retest and reject breakdown level… (Winner)

15:22 - GPS at 12.05 limit player mirror. Looking to break above, and then take on retest - but getting way to late in the day - no positions after 15:15 (No Trade - not in playbook)
 

Trade Review

Goal 1: Playbook Setups Only = PASS

Goal 2: No Adjusting = PASS

 
Happy about continuous improvement on my report card. However, was forcing the GPS trade today. Went short on what wasn’t a clear triangle, and then flipped position as it ended up holding, ended up missing the big move down as I was got caught up in the tick by tick action vs big picture.

 

Things I did well: Stick to game plan = report card was passed.

Things I did poorly: Forcing setup, small mindset
 

Daily Report Card

1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) =  3/3 = 100%

2. Placing trades with defined risk, and profit targets (No adjusting) = 3/3 = 100%
NO MORE ADJUSTING UNTIL A PARTIAL IS TAKEN

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Posted (edited)

Day 117 - Jun 29 , 2020 
17 Tickets
4 Symbols 
Red Day

 

Personal: Not sure what it is but lately have been super drained...woke up on time but just couldn't focus so went back to sleep. Got to screen at 6:15, 6:45 was done PM research.

Goal for the day: Playbook trades, no adjustment. A+ On report card

 

Watchlist:

image.png.16f6ab45305b3842ea6ffdfa019da7b6.png
image.png.30ee5244a65044e566074f325b948234.png


RVOL at open:

  • INO: 180%
  • BA 140%
  • BYND - 140%


Trades

GPS (1) - Long - VWAP Break N Go (Did not follow my Game Plan)

GPS Looking strong, buying coming in after a big sell off. SPY up back at VWAP and GPS through in 2 dojis off VWAP thinking we could spike up. Did not wait for a break below for the 2nd break.

Improvement: Need to follow my entry rules here. Did not wait for 2nd break. Also 5 min chart - took the 4th green bar. Deserved Loss
 
GPS (2) - Long - Support Retest? (Did not fit criteria for Descending Triangle Retest - Only 2 touches, -1 Not in Playbook)

GPS came back to the 12.5 mirror level and bounced right at breakout level. Took it long with stop below VWAP - stopped out.
Improvement: Chasing this - this is not a ascending triangle, only 2 touches. Criteria not met = do not trade.
image.png.fc2d9d23a2f7d13ff68e20162cbdf32e.pngimage.png.b79adca5a8cecc54256b32f6dd9756d8.png
 


BYND - Short - ABCD Reverse 

BYND sold off heavy at open on double downgrade. Found suppot at 125 and then came up toward VWAP - looking for an ABCD. Took it short after huge buying vol came but got rejected of VWAP and then an indecision doji and right at the daily. Didn’t like the entry - stop was too wide….. And SPY pushing higher.

Notes: 10:05 looks like BYND wants to drop but buying coming in at 126 - should be getting out here, but its not in my Trading Plan. Starting to look like a double bottom ish. Now forming an asymmetrical triangle looking to break above VWAP. 
image.png.cecfb0a1a043ab1bd422ddc0265a2a55.pngimage.png.2654c5125e3ddea0d5a6ff0a77aedb22.png


AM Notes: Need to hold off until I see my setups - MAIN Triangles with an ABCD and VWAP Break N Go here and there. Save trades for statistical edge.



INO - Short  - Asymmetrical Triangle and Descending Triangle Add 

Asymmetrical triangle, matched my criteria so I took it short. Ended up putting in a big reversal candle hammer so I took half off (as according to plan) leaving the rest on. Consolidated and formed a descending triangle with continued selling pressure into a big bid at 28 (1500+ lots). Added back to full risk as I saw Big bid decrementing but quickly lifted the offer instead and stopped me out.

Good: Happy with the add - Saw big bid decrementing and added as according to plan.
Improvement: No need to be chasing the asymmetrical triangle that low - especially when I wasn’t even watching it (Called out in chatroom)


image.png.35b48f2b4da905168e17be671ae02de4.pngimage.png.08594488341db4c4ab372455668763bc.png
 

 

BA - Long - VWAP Break N Go (Did not follow exit plan)

SPY pushing higher, took BA as it broke through VWAP came back and consolidated above and put in what Looked like a potential limit player at 181.2 so I went long, risking just below. Broke through the daily level and absolutely took off . 2/3/4 R in place - ended up panic covering first lot…then a few times between 2/3/4 R and left 10% into HOD at 7R….then it ran up for a potential 30R!!

Notes: 13:25 - I would be adding on 187 break minor ascending, 3 bar play stop 126.2

Improvement: Micro managed the position - should have left it on. Absolutely no reason to be selling - not one signal. Also many areas to add as this was really stron

Opportunity - USE THIS IN SIM to work on Adding, lots of opportunities here to play strength just off volume validation. 
 

image.png.dffe34229332344f78fade88303a45c4.pngimage.png.fbf4001760ebbd769aa0d030013cf713.png


Trade Ideas (Potential Trades)

9:49 - BYND potential ABCD need it to come to 128.1 / VWAP and reject (Traded - Loss)

11:07 - Wanted togo short GPS if it broke previous level at 12.26 but it held. And not in my playbook. (Small Win / Breakeven)

11:24 - GPS double bottom entry 12.15 stop below 12ish? Not in my setups but this looks good (Winner - 2.7R)

11:33 - GPS minor ascending triangle, didn’t like it cause of volume.  On 5 min. (No entry)

11:44 - BYND - Asymmetrical triangle break from VWAP, 128.2 break with stop 127.48 (hasn’t broke out yet, gave a downward move - didn’t like it. (No Entry - shake out...but ended up being a nice run up)

 

Trade Review

Goal 1: Playbook Setups Only = FAIL

Goal 2: No Adjusting = PASS


A little scattered today. Know what my edge is, but just didn't have many opportunities in it and got lost playing sub par setups. Finally caught one trade and did a better job of using my exit strategy on this one, but missed out on a huge runner....

Will be looking to come up with a system to gauge my setups A/B/C. INO Descending triangle is a setup I would take 9/10 times - just didnt work out. 
 

Things I did well: Risk management - sticking to my trading plan. 

Things I did poorly: Taking subpar setups (GPS). Trading too quick after being late to market open.
 

Daily Report Card

1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) =  4/5 = 80%

2. Placing trades with defined risk, and profit targets (No adjusting) = 5/5 = 100%
NO MORE ADJUSTING UNTIL A PARTIAL IS TAKEN

 

 

 

Edited by Valentin
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Day 118 - Jun 30 , 2020 
21 Tickets
2 Symbols 
Green Day

Personal: Up early, morning routine completed, screens at 5:40 = felt good.

Goals for the day: Report Card = 100%


Watchlist:

image.thumb.png.5a1cbb4cbb3f98d02dec2f2bb8c52e6b.png
image.thumb.png.2986c3ca447ece360183534bd03300e4.png

RVOL at open:

MU - 260%

INO - 900%

UBER - 110%

Trades

 

UBER - Long - Asymmetrical Triangle (Not a clean one = B Setup)

UBER tightening up on the range forming minor asymmetrical triangle. Took it after the hammer shakeout candle as it broke through to the upside - with way too wide of a stop, took partials into HOD. Had a reversal candle so took some more off - left the rest at original stop.

Improvement: Should have read the market better - SPY falling and had a major reversal candle, take the rest off here.

image.png.bbba090250dc58c37c6982c82c3f0cf5.pngimage.png.5eba25f2e0901132d51c3d9260ff83e8.png
 

INO (1) - Short - Descending Triangle

Was unsure about this one…thought the 28.7 was holding and as thinking potential ABCD Long, but then took it short as 28.7 dropped. Big bid down at 28.5 was next level providing support, broke .50 level and dropped nicely to 28 and covered in front of the HUGE bid., then  All out as it broke through 28 big offer, and more partial around 27.5 support level. Left final 10% on and took it off as 28 offer lifted.
Good: Good job playing the price action vs being biased. 
Improvement: Need to hold on and follow my exit strategy better.

 

INO (2) - Minor Descending Triangle out of an Asymmetrical Triangle

INO breaking down making a lower high into a minor descending triangle (larger asymmetrical on the 5min). Took it short as it rejected MA's and broke 27.75 level thinking we could test LOD. Stopped out.


image.png.20b65bd8e145afa3e215fa413556f3d9.pngimage.png.6c4bca172a1993a760360e1347860f50.png

 

INO (3) - Descending Triangle + Free Roll Add Descending Triangle (Free Roll)

Continued to be weak setting up longer time frame Descending triangle - Took it on the break of big bid 27.5, was on the phone and a little distracted but was watching for this setup so jumped in. Took partials a little quick - took 1/4 off in front of 27 level (not planned) then some more at 2/3/4R (adjusted slightly). Did a Manual free roll on break of big bid at 25.5 - momentum lot, stop above 25. Didn’t like the 5min hammer - took it off as it made new 5 min high. Initial 10% left breakeven or end of day drop.

Note: Tried to do a free roll (hotkey)at at 24.7, stop 25.53 - didn’t work just canceld my order.

image.png.a389228a6996164ecdb18289c0918d1a.pngimage.png.8e69273a066fcacd1f56c616b264dced.png

 

Trade Review

Goal 1: Playbook Setups Only = PASS

Goal 2: No Adjusting = PASS


Overall was a good day, Hit a few nice trades on INO. Trade management is still limiting my PnL though. It is getting better as I am letting my winners run a little more - but still not where I want it to be.

Loving the patience...implementing the rule of forcing myself to stick to my stop losses vs adjusting them, combined with same risk for each trade has gotten me out of the mindset of taking shit setups with lower size and thinking "its just a small loss its fine". Goal is to keep this up, and size up. That way I can add into my winners, and keep my losers all the same size.

 

Things I did well: Enter when setups presented themselves, was patient

Things I did poorly: Trade Management - LEAVE YOUR PLAYS ALONE…put profits and let them be, stop adjusting.

 

Daily Report Card

1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) =  4/4 =  100%

2. Placing trades with defined risk, and profit targets (No adjusting) = 4/4 =  100%

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Nice trading on a tough market day.

The $INO #1 one is my favorite...

Are you trading SIM or Live ?

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15 hours ago, tntp45 said:

Nice trading on a tough market day.

The $INO #1 one is my favorite...

Are you trading SIM or Live ?

Thanks Tom - ye that INO is close to perfect setup for me. Mutli Touch to the penny, breakding VWAP and on the backside of a daily parabolic.
 

I am in and out of SIM, have in been in SIM for last little while trying to get my edge figured out. Have been struggling with my trade management and sticking to rules. Has been a little better latley - 2nd week sticking to rules,, will need 1 more solid week and then ill be back live. How about you?

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Day 119 - Jul 1 , 2020 
11 Tickets
2 Symbols 
Green Day

Personal: Canada Day today..wasn't rested at all, up late....ended up sleeping in. Got to screens late, but did all research and market prep - was not rushed. Accepted fact i was late and was fine with it - much clearer mind set.

Goals for the day: Report Card = 100%


Watchlist:

image.png.7a94302faa320222a3ffa2319984fed9.png
image.thumb.png.33617ce89a9db53cd6cb249cd3009e51.png

RVOL at open:



Trades
 

BYND - Short - Asymmetrical Triangle

BYND Forming tight consolidation just below VWAP, tried to push through but rejected VWAP and VPoC and broke through lower trend so I took it short. Stop above VWAP (pivot high - but too wide) Look for LOD+.  Broke down but SPY is strong and has a positive catalyst - will see what happens. Looking to take some off into 144.5 PM Level and then hold on to the rest. Didn’t like the 5min hammers and break of downtrend so took the rest off. Ended up hitting right at PM Level I exited first time and then dropped another 6 points.
Good: Good read, perfect asymmetrical triangle here with rejection off VWAP and a shakeout candle right before the drop.
image.png.73d93100f95412d5e7e586c4fd769ffc.pngimage.png.803ac1f058d10478f425bef7cd1a64c2.png



FDX (1) - Short - Descending Triangle (LOD Break)

Was looking weak coming down forming a descending triangle just above 158. Took it short as it broke down, although 158 didn’t act as much resistance… Ended up taking half off right away on fake breakdown doji (In game plan) and got stopped out for the rest.

Good: Following game plan

Improvement: SPY moving up - was not playing with market.

Note: 12:18 - FDX setting up a descending triangle. Would like to see another rejection at 159 and then come back down for the break. - Did not follow my own plan, took a loss because of it.

image.png.ea61f4993824c8f42dcf5b977b04be61.pngimage.png.02d092173bfacb37982d9ef75b66af8c.png

FDX (2 ^ Above) - Short - Descending Triangle (LOD Break)

Trying it again on the drop - didn’t like the wide bar - but selling coming in and thinking we could see a run for rest of the day. Took some off into Premarket Mirror level, and then didn’t like the potential bottoming volume hammer doji so took some more off. Came down had some more increasing volume and doji right off 155.90 level - looked like holding so I covered some more - final partial was break of downtrend. As soon as I got out we put in a real nice reversal shooting star for potential short - but 5min buying is coming in - change of character.

Good: God job sticking with this - overall was weak and I hit stock with what it presented me.

Improvement: Look for a better entry here - stop was way too wide. Better entry would be break down, and reject around 13:10 - should be adding into this, as stats show re-test is a great entry.




Trade Ideas (Potential Trades)

10:36 - INO - Long squeeze out of asymmetrical triangle (Winner : 2-3R)

10:44 - FDX - Bear Flag looking weak below VWAP. Thinking this will flush, target 158 (Winner : 4.5R)

11:06 - INO - looking like a bull flag VWAP Break and Go - too wicky to topside (Loser)

12:18 - FDX setting up a descending triangle. Would like to see another rejection at 159 and then come back down for the break. Took this trade…didn’t wait for rejection - came up to touch 159 to the penny

12:33 - BYND setting up for ascending triangle off level I have marked (mirror) . (No Entry - Broke below previous low )

12:33 - FDX testing downward trendline - will see what happens here. Would be more comfortable shorting this as it break again but will see. Wanting to go short at the top of trend - but know its better to wait. 159 showing some size (44 lots vs 1-5 lots other levels.) (Winner)

13:24 - INO Asymmetrical still holding. Also a Bear wedge with lots of bids at 20 - missed the 20 breakout would be chasing at 19.8 (Winner : 3-4R)

14:07 - INO Huge bid at 19 - 1000 lots. Not a great entry unless it consolidated there for a while and continues to hit that level. Broke right through within seconds (No entry)

15:15 - INO breaking out 20.20 level after holding MAs and putting in a Few hammers - 20.20 entry 19.87 stop (Loser)

15:37 - BYND asymmetrical short below 141.6 and long above 142.5 (Loser, but no Entry - no trading in last 30min - stats are terrible into close)


 

Trade Review

Goal 1: Playbook Setups Only = PASS

Goal 2: No Adjusting = PASS

 

Wasn’t going to trade as It was Canada Day and wasn’t rested up. Got to screens late, but did all the prep and just started trading later in the morning. Ended up taking a few trades, happy with entries they matched majority of my criteria but stops were too wide - therefor got less shares to keep for the bigger move. Trade management is still the name of the game for me…

NOTE: Have started keeping track of "Trade Ideas" for trades that I am thinking of taking, but don’t for one reason or another. If followed to game plan - would have had another 6R + on the day if they were taken. Will keep monitoring, with more detail that way I can see WHY I didn’t take them when I should have……

 

Things I did well: Followed rules for when I wake up late - did full research and took my time getting into trades. Playbook Setups and Adjusting Stops

Things I did poorly: Trade Management - should have been up an additional 2R if exit strategy was followed.

 

Daily Report Card

1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) =  3/3 = 100%

2. Placing trades with defined risk, and profit targets (No adjusting) = 3/3 = 100%

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Posted (edited)

Day 120 - Jul 2 , 2020 
27 Tickets
2 Symbols 
Green Day

Personal: Well rested, good premarket prep, ready to go.

Goals for the day: Report Card = 100%


Watchlist:

image.thumb.png.486dce2cc105f4eeff6916c37fd9d43f.png

image.thumb.png.976f1bdab97d0c23d6c5ade74c06e8b2.png
 

RVOL at open:
INO: 140%
NIO: 680%
BYND: 110%


Trades

INO (1) - Short  - VWAP Break n Go

Took INO short as we saw selling volume coming in, but I took it short right into PMH as support - idea was to short as it broke down, got in pre-mature as I was watching bid decrement thinking it was dropping.

Note: looking like a potential ABCD is if makes higher low and then higher high.

Improvement: Need to be more aware - look at 5min chart - shorting ta super extended move at around 50% retracement….

image.png.227b969f8f7cc961a8004bbabfad8cc2.pngimage.png.2f1cd681946b7e1598583cc22c5488d4.png

 

NIO - Short - Descending Triangle (1) and Add on Assymetrical Triangle (2)

NIO looking weak and lost 8.97 level that held before, took it short (1) as bids were getting hit and offers stepped down. SPY Falling as well. Came back up to breakdown level - didn’t end up adding, didn’t like the buying vol. and the hammer so covered. HUGE offers at 9 (2600 lots), took more off as 9 broke ended up being close to 5000lots. Rest is on for original break at 9.11. Took an add as It broke down through asymmetrical triangle (2) -delayed as I was on the phone and distracted -Tried to get cover on drop but moved back up quick. Stopped out.

Trade Management: Got scared, it touched my limit order at 8.81 and printed but I didn’t get filled. Soi chased up 1/4 and moved it up.

Note: Entry 8.96, stop 9.09 (thinking I should have made it 9.09 above that doji wick.

image.png.9adeb3236d80f7eecb5ecb8f997441ff.pngimage.png.6a36001225263b87f38e54cee375a331.png

 

INO (2) - Failed Descending Triangle

Chasing….as soon as I got int, realized I should have waited for a pullback to get tighter entry.  Came right back to the breakout point and had a doji off - did not take it - I definitely should be adding here…..poor trade management.

Improvement: Trade management - have to stop micro managing these trades. Need to come up with a better exit strategy

image.png.107101dcf502044df63e37bb629c7514.pngimage.png.0cca4e42bfd36f6ec3c6595641ac4f90.png
 


INO (3) - Short - Descending Triangle

21.4 held to the penny on 5 min, then it got hit hard - wasn’t watching price action too closely as I was distracted on the phone. Took it short as it dropped that level, didn’t realize I was going short right into 5min 50MA….MRNA ended up getting some news on vaccine delay which could have had a helping hand. Ended up dropping right to PMH - took majority off and left the rest on until we broke longer time frame down trend.

Improvement: Need to follow my game plan, took partials off and then we retested the breakdown level to the penny - stats show I should be adding here. Could have added some nice PnL here.

image.png.d20c2ad095dab445170b9287a88feaff.pngimage.png.90257815204d468ad53c6557f12c54da.png
 


INO (4) - Long - VWAP Break n Go

Was watching, had the asymmetrical triangle breakout was still short so covered position - clean sign of strength. Should have flipped position right away. Ended up waiting for VWAP break on Vol. Seems that INO tends to strengthen into the close - shorts would want to cover positions before long weekend so could see a VWAP squeeze here. Got a minor squeeze - covered majory as it looked weak. Poor trade management
image.png.483d1ddd0a1f1bc4492b6eb36aca90a8.pngimage.png.b8bfaaeb99b4fff50eb7d86bb9357752.png



Trade Ideas (Potential Trades)

9:49 - INO - ABCD but didn’t come back down to VWAP/PMH  (No Entry - Criteria not met)9:52 - PFE Reverse ABCD if it come back down below VWAP on a strong reversal candle (No Entry)

9:54 - INO Bull pennant, look for some more tight consolidation (No Entry - Broke down)

9:56 - Thinking BYND ABCD (Winner ~5.5R Max)

10:11 - INO looking like a potential ABCD (Loser)

10:17 - JPM descending triangle. 94.3 level breakdown was on secondary… (Winner ~7R)

10:32 - INO break of 20.9 level, but doesn’t fit any strategies..trying to setup for Descending longer time frame (No Entry)

10:35 - BYND 3 bar play, entry on 140.75 break, stop above 141.77 (PDC to be safe)

10:38 - INO still in descending triangle, not liking the fake breakdown. But I would attack that short is it comes back down. (No Entry)

11:28 - BYND short on asymmetrical triangle - classic fake breakdown. (Loser)

12:23 - BYND asymmetrical triangle should be takin short as it did a fake out to the topside - but higher low, and above PDC offering support - don’t like it  (Would be a winner, but No Entry - way too sloppy)

12:26 - INO was looking to go long break of 21.7 - Aiman held me back saying could be an ABCD (Thanks Aiman, also wasn’t any one of my setups……..)

13:27  BYND longer time frame asymmetrical - didn’t give me a definitive signal (No Entry)

13:27 - SPY looking to breakout from asymmetrical/ascending triangle (1.6Rish = Breakeven)

14:07 NIO Descending triangle - (No entry = Above VWAP)

14:19 - SPY was looking for 313.75 break out again from previous level (1.9R = Breakeven/ Small Winner)

15:35 - NIO ascending/asymmetrical triangle. This thing could take off - getting close to end of day….NO TRADE……..15:48 here comes the breakout and squeeze volume. 9.35 entry. 9.29 stop? (No entry due to stats showing im terrible into the close….but 8R Winner)


 

Trade Review

Goal 1: Playbook Setups Only = FAIL

Goal 2: No Adjusting = PASS

 

Solid day today with a few good trades. Mistakes were avoidable though - main loss was on over extended short, chasing the 3rd wire bar down (INO Trade 1). I think I did a great job trading price action. When it showed strength getting out and going long. Could have possible flipped positions a little earlier a few times, but was waiting for confirmation which is ok.

 

Things I did well:  Followed one stock closely and got a good feel for it., Not holding a bias - trading opportunities vs forcing ideas.

Things I did poorly:  Be more aware of longer time frame, trade management, stick to my stats (Enter on breakpoint retest) 

 

Daily Report Card

1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) =  4/5 = 80%

2. Placing trades with defined risk, and profit targets (No adjusting) = 5/5 = 100%

Edited by Valentin
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On 7/1/2020 at 12:55 PM, Valentin said:

Thanks Tom - ye that INO is close to perfect setup for me. Mutli Touch to the penny, breakding VWAP and on the backside of a daily parabolic.
 

I am in and out of SIM, have in been in SIM for last little while trying to get my edge figured out. Have been struggling with my trade management and sticking to rules. Has been a little better lately - 2nd week sticking to rules,, will need 1 more solid week and then ill be back live. How about you?

Thanks Valentin;

I traded in SIM on TOS for a couple of months and then went live.  After one week it was apparent I needed to switch to DAS and IB.

I am on my second month of SIM right now with DAS.  I thought I would be back live by now, but apparently more studying required !  

Hopefully soon !

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On 7/4/2020 at 5:07 PM, tntp45 said:

Thanks Valentin;

I traded in SIM on TOS for a couple of months and then went live.  After one week it was apparent I needed to switch to DAS and IB.

I am on my second month of SIM right now with DAS.  I thought I would be back live by now, but apparently more studying required !  

Hopefully soon !

Ye big fan of DAS and IB...for active day traders seems like there is nothing better out there. Also love the ability to customize, and hotkeys/buttons have been a huge help. Would reccomend checking them out, they have been very helpful in my trading.

 

6 hours ago, gtichauer said:

Hi Valentin,

How / Where do u measure the RVOL @Open ? Tks

You should be able to find them on most financial sites/brokers, however, I am bouncing between FinViz and on DAS (if you are with DAS there are 2 ways outlined below. The RVOL only starts calculating once market opens 9:30AM EST) )

1. In Montage you can right click the field highlighted below, and choose between quite a few indicators.
image.png.20eb875291e3fe5b6f755700051350b8.png

2. Watch list: (Quotes -> Market Viewer . Then right click and Config and add RVOL to the right field) 
image.png.4c3e49751b0239d3dc88d47c7d75dd6b.png

 

Let me know if you have troubles finding it and I can explain a bit more.

Cheers

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Day 121 - Jul 3 , 2020 
17 Tickets
4 Symbols 
Red Day

Personal: Ready to go, market prep completed, little tired though to waited a little longer before placing trade. 

Goals for the day: Report Card = 100%


Watchlist:

image.thumb.png.f9aef97a50cec9b9bb3d413a54a003fc.png
image.thumb.png.dc544c42c8507c681996ce1c4cc8ee47.png
 

RVOL at open:
NIO: 650%
UBER: 300%
PLUG: 200%
GNUS: 870%


Trades

PLUG - Long - Ascending Triangle (Lvl 2 offer lifting, Adjusted 1/2 according to plan)

10 offer was getting hid but wouldn’t break - clear seller there and buying didn’t seem that strong - visible that selling was over powering. Lots of resistance above 10-10.07 on Lvl 2 - decided to take it as the bids were decrementing quick on the offer thinking we could see a nice breakout. Fake breakout and heavy selling so I took half off, then stopped out on the rest.

Improvement: Not a high conviction play - Didn’t like the heavy selling that kept happening when we got into 10.

image.png.2cd580034e7b28a627e8214394de808d.pngimage.png.8eed415eccd2838dc0b97a2b51501f58.png



INO (1) - Long - Asymmetrical Triangle (Adjusted 1/2 according to plan)

Was a watching it from previous Asymmetrical triangle off the double bottom. Looks like buying volume starting to come in - took on the break of 20.25 level which acted as resistance previously.. Double shooting star failed breakout so I took half off - bearish, also Looking like an ABCD on the 15min.

Good: Followed exit strategy and exit on reversal candles.

image.png.8766db51cda9b89d91628544151ae607.pngimage.png.efe9a29509e6641cd945a71967a1261a.png

 

NIO - Long - Asymmetrical Triangle

NIO Long on asymmetrical triangle above previous pivot high in anticipation of PMH to get taken out and then run up to HOD. Lots of resistance above. 11.90 has huge offers, 12 has huge offers (putting order in front of 12).

Improvement: Offers above with that much size showed liquidity, but clearly started taking profits and driving price down.

image.png.478b1350d6023e0ed3177f86118bdc67.pngimage.png.1689b6ef8920094817d485a759fa7211.png

 

UBER - Short Descending Triangle

UBER hitting 32.27 over and over, clear level. Took it as the bids were getting hit at that level, was looking for tighter entry but broke through quick on hevay volume and had some slippage. Broke down slightly just under 1R and then reversed stopped me out.

Improvement: No validation with volume - 5 min is showing clear buying.

image.png.fe54e1ed4d54d14ce1cebb590b4261f4.pngimage.png.ca095ad1e8440d1c5a3d8e92575d7882.png
 

INO (2) - Long - VWAP Break and Go

Followed game plan on entry (5min) and then panicked once we rejected of 21.03 so ended up taking 2 partials instead of one just below 21. At 12:20 there was lots of bids 20.90 (500lots) 20.80 (500lots) that popped up acting as support - signal of strength, need to be putting risk back on. Ended up taking profits way too early ahead of targeted levels. 2nd/3rd partial are brutal - need to be waiting for specific levels or signals.

Improvement: Didn’t follow my exit strategy = 3.2 R potential winner ended up being a 1R because of absolutely terrible trade management. FOCUS ON THE BIGGER MOVE.
image.png.b30d8cd8593b6b9e29652a0b3ebce505.pngimage.png.35bd994b81a32fd2b86b8c396373eae0.png



Trade Ideas (Potential Trades)
Trade Ideas: 18

Winners: 5
Losers: 2
No Entry: 11

9:36 Watching NIO and UBER for ABCDs - just need a bigger retracement back to VWAP. (No Entry)

9:40 - LMND ABCD taking it off 78 breakout, didn’t like selling volume….. (Winner ~8R Max)

9:44 - INO - Potential Descending Triangle if 20.50 breaks stop 21.03ish - doesn’t look great, not a clear triangle but targt would be 18.35 (Breakeven / Small Winner at 1.4R)

9:55 - LMND - ascending triangle - didn’t get there in time to read this. Had it at 84 but stop is way too wide, 79.9 - no entry.

9:59 - PLUG 10 breakout ABCD ish? Too wide of a stop 9.84 thinking 10.07 will reject (took ascending triangle instead, was a loser)

10:07 - NIO liking this as descending triangle at 11.84 but above VWAP - no entry. I would like to see a VWAP Break and Go.  (No Entry above VWAP)

10:11 - NIO VWAP Break and Go was looking to enter - but was to see a little more consolidation (Loser)

10:16 - SQ potential double top and exhaustion candle entry 127.4ish - Not in setups (Winner 7R Max)

10:23 - UBER Descending triangle, not liking the 5min decrease in volume though. Not a great entry either, need a little tighter pivot around 31.8 would like one more pop to 32 and reject (No Breakdown - No Entry)

10:33 - INO Asymmetrical triangle. (Winner 9.3R Max)

10:34 - NIO broke down trend, looking for it to come back to test VWAP and then break back above 11.83 (Loser)

11:32 - INO Ascending triangle, 20.5, would like to see it breakout and then retest - Missed the breakout first time. Had a good entry the 2nd time but didn’t take it. VWAP Break and Go and Ascending - would like to see a bigger breakout and then retest confirming the hold. (Trade Taken a little later - Winner)

13:23 - NIO reversal candle large vol. Right off PMH - now watch for VWAP break and go. (No entry on VWAP Break and Go)

13:30 - NIO UBER and INO all look long breaking from the downtrend (Don’t like UBER or INO due to selling vol) No Entries

13:50 - NIO descending triangle not super clean. But had the entry at 11.39 once it consolidated….Wanted it to come up a little higher and reject 11. 5 again. Entry 11.39 - stop 11.52. but I didn’t like the heavy bids below. (Winner 3.5R)

13:59 NIO  came back to breakdown point, but nmot liking buying vol higher then selling. Entry would have been 11.39 again with stop 11.44 (Winner 10+ R on the add from above descending triangle)

14:21 - NIO - 11.07 entry on the reversal, HUGE volume (Winner 2.5R)
 

Trade Review

Goal 1: Playbook Setups Only = PASS

Goal 2: No Adjusting = PASS

 

Today was a mixed day. Noticed I wasn't on point earlier in morning so took it slower than usual = great. Then ended up taking all playbook setups, although some of them were very average - will be looking to implement a grading system A/B/C. 

Also starting to track my Trade Ideas (apart from actual trades taken). In order to see how my overall playbook ideas played out. Still working on this template, but its interesting as over the last couple of days stats show that I should be taking all my playbook setups....seems pretty obvious, but there's always something I don't like about this or that. Will continue tracking this to see how things play out. Goal is to be gain enough confidence to take them all over time, or weed out the B/C Playbook trades and stick with Only the A setups.
 

Things I did well:  Realize not on point and stop trading.

Things I did poorly:  Trade Management, Validation with Volume/Level 2

 

Daily Report Card

1.Playbook Setups Only (ABCD, VWAP Break N Go, Triangles looking to add 1-2 more) =  5/5 = 100%

2. Placing trades with defined risk, and profit targets (No adjusting) = 5/5 = 100%

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2 hours ago, Valentin said:

You should be able to find them on most financial sites/brokers, however, I am bouncing between FinViz and on DAS (if you are with DAS there are 2 ways outlined below. The RVOL only starts calculating once market opens 9:30AM EST) )

Tks for ur reply.....I know what u mean and I also use it, my main question was how it's calculated in DAS (I do not use it yet). Is the Actual Vol / Avg Daily Vol ? Is it some kind of comparable Volume ? like Act Vol / Avg Vol AT THAT TIME OF DAY ? 

I follow the first one one diff platforms. So if stock opens with 75% it would mean it already made (75% of it's Avg DAILY Vol) but the REAL RVOL I believe would be comparing to the same time of day....but this is kind of hardest to find on other platforms.

Tks dude....and great trading and journal.

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Where are your awesome journal entries?

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