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Andrew from Jersey

Andrew from Jersey - Day Trading Journey

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July 2nd, 2020

LIVE Trade with MGM

So I went against a rule I had, which was to stay in SIM for the month, but whatever, I had a good feeling and it was supported by some analytics. I used falling volume to make the overall decision to go short, and I used failing volume on all the pullups to make my adds. I always tried to keep my new adds above my partials, so my average cost and risk would stay in a good range. 

 

July2nd2020MGM.png

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July 6th 2020

SIM Trading with MGM 

I feel like I'm getting better at recognizing the relationship between using multiple time frames, volume, and indecision candles. Took two shorts on MGM this morning, and my plans worked. Over goal with one ticker. Nice. 

 

July6th2020MGM.png

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July 7th 2020

Went for some scalps this morning. Green day. Should have stayed patient on that UAL trade based off of that falling volume on the consolidation. 

 

July7th2020ANVS.png

July7th2020UAL.png

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July 8th 2020

SIM Trading with NIO and AYRO

AYRO is a low float, and I felt like trying out trading a lower float stock. I think I did ok. Based my decision based off of the morning scanners, previous day performance, and the opening volume/price action. Soon as it broke HOD, I went for it. 

NIO had a great day yesterday, and I based my decision to go long on pre-market based on that. Took some initial profit on the opening breakout, added some good shares during that lower volume pullback, and took my profit as it went up a little more to start consolidation. 

July8th2020AYRO.png

July8th2020NIO.png

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July 9th 2020

SIM Trading

Unfortunately, CMEG doesn't always have shares to short, especially in stocks that I tend to follow. However, there were shares to short on RCL, so I took the short side based off of the pre-market action I saw, which seemed overextended ,and I figured there would be profit taking at the open. I also saw a few levels down south that the market liked to work out. Based off the general market sell off while I was trading RCL, I put in some adds as the stock hit these levels. Didn't disappoint. Green day. 

July9th2020RCL.png

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July 10th 2020

Trading with GILD and RCL

Woke up to see some news on GILD about a new Covid treatment, and watched the stock price gap up on it. But I'm think these Covid treatment or vaccine trial news breaks aren't having as much of an affect as they previously did, so I decided to go short. While I did make money off the ticker today, I was expecting a little bit more of a sell-off, and that coupled with the overall market kind of just chopping around, didn't yield that results I was looking for. 

Took the RCL trades based off of where the stock is in the macro trend, and based off of shorter time frame volumes and price actions. The last long trade I took, I loaded up on shares, and it brought me to goal for the day. 

July10th2020RCL.png

July10th2020RCL2.png

July10thGILD.png

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July 13th 2020

Took the short trade on WYNN at the open, because you know people love taking their profits at the open. Failed long trade, then another quick short scalp on the way to the bottom. Wasn't watching the ticker when the initial volume came in at the bottom, but I went long later in the session as volume increased, and it began to clear some of the moving averages. Got out of the position when it hit the pre-market high, although I should have been more patient, as it took another breakout for another 2-3 dollars higher!! 

July13th2020WYNN.png

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On 6/25/2020 at 7:38 AM, Andrew from Jersey said:

June 25th 2020

SIM Trading

Decided to try some scalping again, since I enjoy quick moves in and out. Broke my daily net goal of $50, so that's cool. I could have used a little more patience with OXY, because it ran for a while based on a news catalyst. Still favoring the casino/gambling sector. Is there an ETF for this? 

 

June25th2020MGM.png

June25th2020OXY.png

June25th2020PL.png

june25th2020SPY.png

 

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Thanks Andrew for all of your journals and progress. You're moving fast. I'm trying to do the same, still in sim. How do you create these beautiful trade snapshots with the text and boxes? I'm also using DAS, but haven't found the text and box tools yet. 

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2 minutes ago, David Gottfried said:

Thanks Andrew for all of your journals and progress. You're moving fast. I'm trying to do the same, still in sim. How do you create these beautiful trade snapshots with the text and boxes? I'm also using DAS, but haven't found the text and box tools yet. 

@David Gottfried Thanks for the support my man. I'm actually just screenshotting my DAS screen, and then making all the edits on MS Paint. Good ol "Cntrl + Print Screen". Then paste in MS Paint. Then I crop the section of the screen I want, and away I go. 

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July 14th 2020

Trading WYNN and INMB 

Took the INMB trade because I am interested in learning more about the opportunities with low-float stocks. This move wasn't quite the gainer I was looking for, but still not bad. I took a failed long position at the open that didn't pan out. But later in the session, I tried it again as the stock passed most of the moving averages in its way. 

I did pretty good with WYNN yesterday as well, and I figured that big move up from yesterday wasn't going to sustain based off of the pretty much disappearing volume. Went short at the open, and missed the initial drop down, but I stayed patient, added some to the position, and finally made my moves when it took its second trip lower. Decided to go long as it approached the HOD, made a quick 25% partial, before adding some more to the position on a small pullback. Took my profits as the price came up to the SMAs. 

I need to re-learn strategies involving the convergence or divergence of moving averages, because I seem to find myself in stocks that this occurs in often enough. 

July14th2020INMB.png

July14th2020WYNN.png

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