Bailey Nevener 83 Posted December 3, 2020 (edited) Profit & Loss Monthly Recaps My name is Bailey Nevener and this is my former day trading journal and current monthly p&l recap. Its purpose is to encourage those that want to become consistently profitable. See the Beginning of the Monthly Recaps NOTE: Go to the most recent month by clicking ">>" on the page index navigator. Edited March 31, 2022 by Bailey Nevener Typo 2 Share this post Link to post Share on other sites
Joerg 6 Posted December 3, 2020 Looking forward to your journey 1 Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 3, 2020 (edited) Please go to the latest posts for the monthly recaps, the following posts are my individual trading days before I was consistently profitable. The videos increase (relatively) in quality the further you get. ==================================================================== Trading Journal: Date December 3, 2020 Status (Live/Sim) Simulator Net P&L +$141.35 Current Equity $25,141.35 Quality of Life (Kept Short) Bedtime: 12:30 a.m. / Awake 6:05 a.m. Living with parents / last 2 weeks of school / paying off debt Quality of Trades (Kept Short) Overall Trade Idea TSLA (1/2) Intuitive Thinking Long Scalp Higher low on the 1 minute chart off of support Trending on higher timeframes (First chart breaking trend: 15 minute) TSLA (2/2) Intuitive Thinking Short Scalp Trending on lower timeframes (First chart breaking trend: 60 minute) MRNA Intuitive Thinking Short Scalp Very heavy drop on HOD Wait for a bounce and a lower high Enter with speed on the T&S and ticking down Add on the break of the shelf MU (1/2) Deliberate thinking Long Looking for the bigger move Trending on higher timeframes (First chart breaking trend: 15 minute) 1 minute double bottom entry Add at higher low 5 minute chart Add at the top premarket range break MU (2/2) Intuitive thinking Long Scalp Trending on all timeframes Higher low on 1 minute chart after bottom of range retest Anticipate break of premarket range Add on a bull flag and take all profit PLTR Intuitive thinking Long Scalp Trending on all timeframes Very strong push over premarket range first minute Wait for the pullback, pause, T&S speed up, and tick up to enter Add at the break of the bullflag Add at the break of HOD Execution of Idea TSLA (1/2) Loss Low probability Stop placed under lower timeframe support, with immediate higher timeframe trending down (Decrease) Easily stops trade out before heading higher Low reward possible TSLA (2/2) Win Low - Moderate probability Pause at level, T&S speeding up, tick down (Increase) Unprotected stop (Decrease) Low - moderate reward possible MRNA Win Moderate probability Trending higher on higher timeframes (Decrease) Scalp instead of looking for a bigger move (Increase) T&S speeding up with ticks down at the turn (Increase) Moderate - high reward possible MU (1/2) Loss Stopped out "to the penny" High probability Trending higher on higher timeframes (Increase) Double bottom after an extended move (Increase) Very high reward possible MU (2/2) Win Moderate probability Stop placed under lower timeframe higher low (Decrease) Trending higher on all timeframes (Increase) After the add my SL was significantly closer (Decrease) Moderate - high reward possible Add at break of bull flag PLTR Win Moderate probability Stop placed under pullback low (Decrease) Trending higher on all timeframes (Increase) Pause in price, speed on T&S, ticking up entry (Increase) Moderate reward possible Direct Questions What did I do well? Stopped trading before 8 a.m. even without hitting the goal amount. I acknowledged that I was trading poorly and mitigated by drawing my speculations on screen instead of trading. What could I have done better? Kept my stop in MU and traded the more directional / active symbols. Is the performance pressure I feel increasing or decreasing? Increasing before today, decreasing slightly with today. Is the current way I am trading going to lead to long term success? Yes, I believe that the on screen speculating, minimal drawdowns, and high reward potential trades will allow me to be successful over time. Screenshot of Traded Symbols ===================================================================== Edited August 30, 2021 by Bailey Nevener Share this post Link to post Share on other sites
tntp45 52 Posted December 4, 2020 Awesome ! Best of Luck ! 1 Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 4, 2020 16 hours ago, Joerg said: Looking forward to your journey 57 minutes ago, tntp45 said: Awesome ! Best of Luck ! I appreciate it guys! 1 Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 4, 2020 (edited) ==================================================================== Trading Journal: Date December 4, 2020 Status (Live/Sim) Simulator Net P&L +$910.30 Current Equity $26,051.65 Quality of Life (Kept Short) Bedtime: 1:00 a.m. / Awake 6:10 a.m. Living with parents / last 2 weeks of school / paying off debt Direct Questions What did I do well? I kept my stops in place and worked the trade's cash flow to move my stop distance up. What could I have done better? I could have placed my stops above a technical level until the official range break occurs and then add. I was stopped out too many times when I could have sized up after the retest. Is the performance pressure I feel increasing or decreasing? The pressure is staying steady, but I did not feel well about the extreme size at the open. For the record, I could have held out of ridiculousness and made over 2k. Just saying. Is the current way I am trading going to lead to long term success? Yes, with the pen usage my discretion is high enough to lead to success long term. However I need to rein in my entries that don't use stops as a technical level. Those are really only meant for when the tape confirms a flag break or my average cost is high enough to risk the 'house money'. Screenshot of Traded Symbols Overall Trade Idea MRNA (1/6) Intuitive Thinking Short Scalp Broke lower low on the 15 minute chart Enter into retest of the break MRNA (2/6) Intuitive Thinking Short Looking for the bigger move Broke lower low on the 15 minute chart Lower high on the 1 minute chart Expecting some momentum through LOD from VWAP MRNA (3/6) Intuitive Thinking Short Looking for the bigger move Use cash flow to move up average cost Lower high on the 1 minute chart off of the 20 EMA MRNA (4/6) Intuitive Thinking Short Scalp Dumb trade This entry didn't look promising after the higher low on the 1 minute chart and the squeeze on the 5 minute Should have waited for the higher low breakdown on the 1 minute for an entry MRNA (5/6) Intuitive Thinking Short Scalp Retest of the ascending triangle break failed MRNA (6/6) Intuitive Thinking Short Looking for the bigger move Lower high 5 minute chart Execution of Idea MRNA (1/6) Win Moderate - Low probability Took too many shares Bid came up right when I clicked Very high reward possible MRNA (2/6) Win Moderate probability New low on 60 minute chart Moderate reward possible Probably won't trend (chop) Lots of cash flow trades MRNA (3/6) Breakeven Low probability Higher low 5 minute chart Bad stop distance I should have taken most of the profit upon realizing that the last 5 minute candle was a clear squeeze. My stop needed to move drastically up if I felt like a LOD crack was coming. Moderate - high reward possible MRNA (4/6) Loss Very low probability Higher low 5 minute chart Higher low 1 minute chart Turned into an ascending triangle Low - Moderate reward possible The 5 minute squeeze would likely prevent the full move to LOD MRNA (5/6) Loss Moderate - Low probability Unprotected stop "Stopped out to the penny" Very high reward possible Adds would have made this crazy MRNA (6/6) Win Moderate probability Unfamiliar setup (retest of ascending triangle lost) Very high reward possible Adds to LOD would give 4R+ Overall Trade Idea MU Intuitive Thinking Long Scalp Trending higher on higher timeframes Dip and rip Execution of Idea MU Breakeven Moderate - High probability Moderate reward possible (I don't remember taking that second trade later in the day!) Overall Trade Idea LI Intuitive Thinking Short Looking for a bigger move Exhaustion pattern on the 1 minute chart Execution of Idea LI Loss Moderate - Low probability I haven't traded this idea often Moderate - Low reward possible Edited December 8, 2020 by Bailey Nevener Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 7, 2020 (edited) +++++++++++++++++++++++++++++++++++++++++++++ Interactive Brokers Account Funded +++++++++++++++++++++++++++++++++++++++++++++ ==================================================================== Trading Journal: Date December 7, 2020 Status (Live/Sim) Simulator Net P&L +$260.40 Current Equity $26,312.05 Quality of Life (Kept Short) Bedtime: 11:00 p.m. / Awake 6:00 a.m. Living with parents / last 2 weeks of school / paying off debt Direct Questions What did I do well? In the morning I waited for an opportunity (for an ORB) rather than chasing the extended moves premarket. What could I have done better? I took several trades that were impulsive after I experienced the three losses from NCLH. My final trade was extremely impulsive, especially in regards to stop loss placement on BA. Look for stocks that are trending or rangebound, wait for the HH/HL and then enter. Is the performance pressure I feel increasing or decreasing? The pressure is moderately increasing because I am going to take this account live tomorrow if Interactive Brokers connects correctly with DAS. The IB broker had issues for the first time apparently since Andrew of Brian have started using them, the day before I go live. Is the current way I am trading going to lead to long term success? Not so much. With the impulsive trades and drawdowns past my stops, it is very possible for my luck to turn against me. I am catching trades late, so I am placing my stops closer. My protection against that is the willingness to get out of my positions 100% at any turn of the move, but focusing on the bigger move is my strength. My worst days are when trending stocks are pulling back at the open. Screenshot of Traded Symbols 1. $BA Long ORB Late Entry Added at a bullflag break WIN /* * Should have waited for at least a new low on the 1 minute chart before exiting completely on an ORB */ 2. $NCLH Short Bearish engulfing on the 60 minute chart Hammer on the 60 minute chart Entering within the range Added after hammer on the 1 minute chart Added for the break of premarket low LOSS 3. $NCLH Long Double bottom from LOD Hammer from LOD Stopped out to the penny at LOD LOSS 4. $NCLH Short Angry trade 5 minute hammer from VWAP Stopped out immediately LOSS 5. $NCLH Long Clear double bottom on the 1 minute Very aggressive rejection at the break area Placed stop insanely close to entry Added through hammer bullflag at VWAP Took everything out at break WIN 6. $AMD Short Entry risking off of 9EMA pullback Add at LOD break Took everything at the pop Trigger finger is getting out of hand because of upsetting experience with NCLH WIN 7. $TSLA Short Three consecutive 5 minute candles up Hammers at HOD Risk off of minor pullback Immediately regretting entering short because the stock is extremely strong Got out as soon as possible WIN 8. $LI Short Higher timeframes downtrending (60 minute chart squeeze is a bit suspect) Anticipating engulfing on the 15 minute chart Enter at the new 1 minute low New 5 minute candle opens Immediately stopped out (It was awesome) LOSS 9. $BA Short Double top Aggressive hammers on 5 minute chart Placed stop for a scalp trade, but held it like a trend trade Took out stop as it made lower high (Unfortunately) Put stop back in after it made a clear lower high Got out completely after the aggressive pop through the 50SMA on the 1 minute chart (Travel stocks are strong) WIN /* * Close enough to goal amount where stopping for the day made sense * especially since it was past 10:00 a.m. EST * * **JUST NEED $25 MORE DOLLARS** * (This mindset takes over the psychology) * POOR TRADE INCOMING! */ 10. $BA Short Made no sense (Pls go lower) Stop made no sense (Pls, go lower) I got lucky when it formed hammers on the 1 minute in my direction Exited completely on the pop Next time I might not get so lucky Wait for a pullback, wait for anything! WIN Edited December 8, 2020 by Bailey Nevener Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 9, 2020 (edited) ++++++++++++++++++++++++++++++++++++++++++++++ Account Went Live Today ++++++++++++++++++++++++++++++++++++++++++++++ Everything went wrong! I started the day with an account balance of $25,150. During the open I was positive, but I didn't get filled on my ORB short on TSLA. My nerves got the better of me and I exited early for profit on a long on TSLA directly after that. Apparently if your account balance ever goes below $25,000 during the trading day, then you are prevented from trading if your buys and sells goes over the PDT 3 trade rule. I've never experience a mid-day restriction with a broker, and unfortunately this restriction made it where I missed out on a solid 6R+ trade on SFIX. My psychology was shot because broker issues have been the bane of my existence ever since starting trading. Anyways, don't have an account with less than your daily max loss as a buffer when you start out with Interactive Brokers. They restricted my account while I was in a profitable position as well, so when I tried to sell for profit, I actually had to go to interactive broker's website (outside of DAS) and I had to close it manually there. Very nerve wracking. I don't know why it stopped me from trading when I was already in a position, very frustrating and strange. That is why I couldn't upload my stats to TraderVue because my P&L on DAS isn't actually the real amount. Either way, I literally had to wire money to bring my account back over the PDT amount, and then I bought at the top of the range on SFIX, waited literally two hours to make 40 bucks, and then called it a day. Definitely one of my worst trading experiences. Nothing like when I lost $15k in one day though lol. Well here is to tomorrow working out correctly, my account is now loaded with $25,250 (My max loss is 250). If I could buffer the account with more money I would, but I can't. I am going to roll the dice of being profitable tomorrow (odds are in my favor from TraderVue stats). I am definitely nervous, but I have been doing this long enough where if I just do what I have been doing, it should work itself out. Wish me luck! Edited December 9, 2020 by Bailey Nevener Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 9, 2020 (edited) ==================================================================== Trading Journal: Date December 9, 2020 Status (Live/Sim) Live Net P&L (w/ECN Fees) +$261.90 +1.03% Current Equity $25,512.11 Quality of Life (Kept Short) Bedtime: 12:30a.m. / Awake 6:00a.m. Living with parents / last week of school / paying off debt / just started live account Direct Questions What did I do well? I didn't completely exit everything at the pop of PLTR or NIO. I also got enough cash flow to where I could survive the initial drawdown on PLTR. (Every trade counts) What could I have done better? I took all of my profit on PLTR and NIO once I hit goal amount, I could have waited for a new 1 minute high at the very least. After this issues yesterday I just wanted to lock in a green day and close the platform. Is the performance pressure I feel increasing or decreasing? It is currently gradually decreasing. Yesterday was a nightmare, but fortunately I was able to bring this positive day in. I haven't traded my best, but I will just let things shake out over the next couple of days. Is the current way I am trading going to lead to long term success? Yes. As long as I continue to abide by my stop losses and add onto my winning positions, my winners should overpower my losers. Psychologically I couldn't afford losing today, so hopefully as that pressure eases off I take smaller partials when I have gains on the account naturally. Screenshot of Traded Symbols 1. $CCL Long 1 minute ORB Stop under VWAP LOSS 2. $CCL Short Momentum through the Open It wasn't cracking how I wanted, so I exited early WIN 2. $PLUG Short Hammer on the 60 minute chart breaking the premarket range WIN 3. $NIO Short Dumb trade I think I heard a moderator talking about it for a short WIN 4. $MRNA Long Squeeze on 5 minute chart back to VWAP Higher low on 1 minute chart Found out my buying power was only 10k for a 25k account lol I edited that conversation mostly out WIN 5. $CCL Long Squeeze on the 5 minute chart way over VWAP Bought on a higher low pullback LOSS 6. $PLTR Short Descending triangle on the 1 minute chart 60 minute chart broke down out of range lower high on 5 minute chart (throwing a couple down wicks though) It had a hidden buyer that squeezed me out LOSS 7. $PLTR Long Long 5 minute Higher low into VWAP (didn't break the wick though) Stopped out back at the descending triangle I didn't let myself get stopped out at -50 because I got wicked out yesterday when I put my stop in LOSS 8. $PLTR Short Late entry Added because it was a higher timeframe move Took off 3/4 of my position to save my day Held the remaining portion for LOD, but it ended up cracking way lower WIN 9. $NIO Weak on all timeframes 20EMA 1 minute chart as the stop Took off 1/4 at the pop down More at LOD Took off everything when I saw I hit goal amount I want to work on that, but I know my psychology would not let me walk away from the computer in the off chance I was 10 bucks away from goal amount. I could have taken off all of one position and then held the other, but after yesterday's fiasco I said, "pass". WIN Edited December 9, 2020 by Bailey Nevener Share this post Link to post Share on other sites
tntp45 52 Posted December 9, 2020 Nice positive day ! Congrats !! 1 Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 9, 2020 36 minutes ago, tntp45 said: Nice positive day ! Congrats !! Thank you. My heart wasn't beating as fast today haha! 1 Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 10, 2020 (edited) Lost everything between myself and $25,000, looks like I have to go to sim again. Today was extremely frustrating. For the second day in a row DAS made my buying power $9,000 (Instead of $100,000!!!) right before taking an easy 5R trade. They gave me the buying power for a losing trade though! Amazing! I’m disgusted by interactive brokers similar issues with rejecting my orders. I would try to buy 98 shares on TSLA and I would get my order rejected, even though I should be able to take 162 shares. I can’t stress enough that I have been consistently profitable for months. I always have problems with the broker and platform when I go live. I added my buying power to the account window so I can babysit DAS and make sure they update my buying power from one trade to the next. Honestly. What world do we live in where we have to literally call DAS to have them update our buying power midday, two days in a row? Edited December 11, 2020 by Bailey Nevener Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 12, 2020 Took a day off. Still not feeling too good about my orders getting rejected only to leave me with a losing day yesterday. I want to clear my head from that disaster. There always is one when I go live lol. 1 Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 12, 2020 Going live on Thursday the 17th. We shall see how the days prior go. Share this post Link to post Share on other sites
Bailey Nevener 83 Posted December 15, 2020 (edited) ==================================================================== Trading Journal: Woke up late, I thought today was Sunday. I placed two trades. One loser and one winner. -$15 P&L on the day. Going to get back at it tomorrow. Edited December 15, 2020 by Bailey Nevener Share this post Link to post Share on other sites
