Bay Area Covid Times

[Rob C 826]

15 hours ago, Jennifer Olson said:

@Rob C  No PDT rule makes sense, that's pretty sweet, you'll have to let me know how the training is.    I have the same problem with the hardstop, but then if I mental stop out before the hardstop I get irritated if it turns around and moves in my direction, so now I usually let it hit my stop.  

It is just amazing to watch Andrew, even today, where he decides he wants out of the trade then waits for B/E and gets out with no loss. I knew I would never be able to do that with a hard stop. If the hard stop is there you always wait for the hard stop to trigger. But with the mental stop it is more plausible to exit with a small stop. But after a year of trying I never got the hang of exited a trade before my stop but still for a loss. That takes a level of mindfulness and discipline that I haven't reached YET. But in the mean time I will use the hard stop so I can make some money while I develop that skill.

[Jennifer Olson 1]

On 9/24/2020 at 8:00 PM, Christopher Patterson said:

@Jennifer Olson Thanks!! I've been getting my butt kicked recently though lol. 

I swear right when you feel like you got it figured out, that's the exact moment you just lost it. 

Hope all is well, I'm always down to chat about price action, hit me up anytime!

lol yeah that's what makes it fun though right!! I definitely will! I took 2 PRs Friday and they worked out to be a couple of great trades, thanks for including all the detail in your recaps.

[Jennifer Olson 1]

On 9/25/2020 at 8:17 AM, Rob C said:

It is just amazing to watch Andrew, even today, where he decides he wants out of the trade then waits for B/E and gets out with no loss. I knew I would never be able to do that with a hard stop. If the hard stop is there you always wait for the hard stop to trigger. But with the mental stop it is more plausible to exit with a small stop. But after a year of trying I never got the hang of exited a trade before my stop but still for a loss. That takes a level of mindfulness and discipline that I haven't reached YET. But in the mean time I will use the hard stop so I can make some money while I develop that skill.

great strategy

[JimBro 1]

Hi Everyone,

COVID has brought pros and cons.  For the cons: way too many zoom calls at all hours of the day and night.  There are no boundaries anymore for personal life or even eating and taking a shower in the morning.  For the pros: more precious time with family (I have a 4 year old son) although there are days we long for school to reopen.  I came to the conclusion that there are more important things to do with my time and life is too short.  The timing and our situation was right to enable me to retire from the semiconductor industry (retired a little early at age 60).  I am now focused on Intraday trading as a business.

I started in sim in early March, which was fun because all of the NFT momentum.  I made a single trade for $8200 and had six green days in a row before the honeymoon ended.  But I was up $16k in March.  Proceeded to draw down in April, but never went negative.   I was spending too much time trading and developing bad habits.    I started to only trade two or three days a week and spend the rest of the time learning about what I was trying to do. 

Currently I am finishing my business plan and putting together a solid Tradebook.  I joined the community today and look forward to learning and helping (when I'm able).  

I use a MacBook Pro 15 (2019) and that has presented some unusual challenges.  I've sorted them out.  Let me know if you also have issues.  Maybe I can help, or learn what to watch out for.  I use Trade Ideas for scanners.  I have an IBKR account for paper trading with TWS, but It is not ideal for live trading.  I have a live trading account with Lightspeed and use Lightspeed Trader as my platform.  I use OneNote and Excel for journaling/tracking.

I haven't started live yet, but am targeting to do so in June. 

The BBT community has already been of great help and influence on my development.  I look forward to getting to know more as part of the community.

Thanks 

Jim

Edited May 19, 2021 by highteksan
typos

[Michael McCausland 6]

I am actually a SoCal Member.  I will be visiting the Bay Area because I am a Phillies Baseball Fan as well as a lifetime BBT member.  Love to meet some Bay Area BBT Traders and talk trading.  I will be at Oracle Park for the games and available any other time to grab a beer and talk trading.