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Christopher

Chris's daily trade talk!

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- Recap-

- Review - 

- $BABA had 3 great plays I missed!! AH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - 

 

Edited by Christopher

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- Weekly Review - 

 

- Thoughts for next week - 

Trade Management - not getting enough out of winners

  -open 5 min plays should wait until break of HoD or LoD and then ADD in and partial heavily. 
  -okay with partially at 2:1, but if the level 2 is heavily confirming my bias, be greedy. ;
  -be more patient with winners, however, I have to justify being greedy. If I'm up 2Rs and took a wide stop, just take the 2R if there is no strong reason to say in.
  -when in doubt, get out. Especially with PRs. 

- Continue to work on trade entries - BIG PICTURE -


   -have to trade setup
   -VPA has to be there
   -price levels have to be clean
   -market has to be NOT be against me - unless it's a hard catalyst stock

- Overall - 

Keep working on market awareness
Keep working on VPA
It's okay to take range plays / support resistance trades when the VPA is right and the level is extremely clean. like $EL 
It's ok to take aggressive stops with high volume hammers 
Take the tightest stop that you can justify 
VPA HAS TO BE THERE ESPECIALLY WITH PRs!!!!!!!!
Ascending triangle must have crisp price levels - OR ITS JUST NOT WORTH IT SO KNOW YOU'RE NOT MISSING OUT 
Stop with the crappy ABCDs 😛

Great week, keep it up! VPA - Setups only - Clean levels - Better trade management. 

Edited by Christopher

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Week of 11 Jan 2021 Recap. 

I chose to jump back in SIM this week. My personal life got busy, I had to move and school starting next week. So far I have about 11 months in SIM and 3 Months total live experience. I hope everyone is doing well, it's neat to see more people doing journals on here, I'll try and do better about weekly recaps, when I post a live recap for BBT I'll also post it here as well. 

pt 1

pt 2

 

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Week of March 15th

I decided to go from watching the 30 and the 5, to watching the 5 and the 1, my new U.I is going to look something like this ..

image.thumb.png.12e76d89c1cd670a2082ef28d32109be.png

I also think it's time to just pick 1 stock to watch the first hour. That's it, trading off the 5 minute I feel like I can manage a few and have a good idea how everything is moving, but with the 1 minute it's just too fast, and there are too many "pretty good trades" that just aren't gonna get me where I want. I feel like I'm spread to thin and it's time to refine my focus. So, I think it'd be good practice to do an extremely thorough premarket analysis, and pick the 1 stock with the best catalyst, the best levels, the best L2 and just watch that. 

Rules - 

I can partial again! but, only at logical levels, a 2R-3R move is still a great trade. 

Only can watch 1 Stock

3 Trades max 

Every trade counts towards my weekly R count 

Strategy: Orbs, ABCDs, PRs, Double B/T, HoDB/LoDB, VPA

Unless I'm trading momentum, every entry must have a technical level that has PROVED to be significant and has clearly been respected the last few days. 

Also, have fun. I got 99 problems but trading ain't one HUA. 

 

 

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