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Bailey Nevener

Youtube Video Journal - See the Progress + Profit/Loss!

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YouTube Video Journal

Hello fellow traders, and welcome to my day-trading journal. 

My name is Bailey Nevener.

There's no need to start from the beginning, so feel free to jump ahead to my most recent post.

 

              |============================================================================================|

        |                                                                 To get to the most recent day:                                                                    |

    | go to the upper left of this post and click the double arrows ">>" and scroll to the lowest post of that page. |

|=============================================================================================|

Please leave a comment / reaction on what you

would like to know more about or see more of.

 

NOTE:   The most recent days, "Last Page >>", are a much more pleasant format than the posts directly below this.

 

Thanks for reading!

 

Follow me on YouTube where I post my trades:  https://www.youtube.com/channel/UCkK2SWIsYGuWm1gtlbD2C4w

 

====================================================================

Trading Journal Format V5:

(Updated May 10, 2021)

 

<-- Screenshot of P&L -->

<--Link to YouTube Recap -->

 

Date 

Status (Live/Sim/PCT Sim) 

Performance Questions

  • What did I do well?
  • What could I have done better?

Psychology Questions

  • What's your performance pressure out of ten? 
    ( 0 =  too comfortable; 10 = too anxious)
  • Is the current way I am trading going to lead to long term success?

 

 

Edited by Bailey Nevener
  • Like 2

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====================================================================

Trading Journal:

20201203_081932.png.256d39b04e9be4eed52b585a557b0213.png

  1. Date 
    • December 3, 2020
  2. Status (Live/Sim) 
    • Simulator
  3. Net P&L
    • +$141.35
  4. Current Equity
    • $25,141.35
  5. 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
  6. Quality of Trades (Kept Short)
    • Overall Trade Idea
      1. 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)
      2. TSLA (2/2)
        • Intuitive Thinking
        • Short
        • Scalp
        • Trending on lower timeframes (First chart breaking trend: 60 minute)
      3. 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
      4. 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
      5. 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
      6. 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
      1. 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
      2. TSLA (2/2)
        • Win
        • Low - Moderate probability
          • Pause at level, T&S speeding up, tick down (Increase)
          • Unprotected stop (Decrease)
        • Low - moderate reward possible
      3. 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
      4. 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
      5. 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
      6. 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
  7.  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

20201203_081037.thumb.png.d2778b469dfb9e7425fd47fb89dad01c.png

20201203_081139.thumb.png.69b927c9286f5665e8298eb6308967c3.png

20201203_081237.thumb.png.b822e0c9aeac46f1fd24e449e6e82729.png

20201203_081324.thumb.png.17d882c9974377a276b42dfaa4007dd5.png

=====================================================================

Edited by Bailey Nevener

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16 hours ago, Joerg said:

Looking forward to your journey 🙂

 

57 minutes ago, tntp45 said:

Awesome !  Best of Luck !

I appreciate it guys!

  • Like 1

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====================================================================

Trading Journal:

20201204_074545.png.0c289c22b559f4f7fb36ea999fc26eb1.png

  1. Date 
    • December 4, 2020
  2. Status (Live/Sim) 
    • Simulator
  3. Net P&L
    • +$910.30
  4. Current Equity
    • $26,051.65
  5. 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
  6.  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

20201204_073843.thumb.png.492faa726854f80d754ae7c8eeedd3a1.png

  • Overall Trade Idea
    1. MRNA (1/6)
      • Intuitive Thinking
      • Short
      • Scalp
      • Broke lower low on the 15 minute chart
      • Enter into retest of the break
    2. 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
    3. 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
    4. 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
    5. MRNA (5/6)
      • Intuitive Thinking
      • Short
      • Scalp
      • Retest of the ascending triangle break failed
    6. MRNA (6/6)
      • Intuitive Thinking
      • Short
      • Looking for the bigger move
      • Lower high 5 minute chart

 

  • Execution of Idea
  1. MRNA (1/6)
    • Win
    • Moderate - Low probability
    • Took too many shares
      • Bid came up right when I clicked
    • Very high reward possible
  2. 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
  3. 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
  4. 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
  5. MRNA (5/6)
    • Loss
    • Moderate - Low probability
      • Unprotected stop
      • "Stopped out to the penny"
    • Very high reward possible
      • Adds would have made this crazy
  6. MRNA (6/6)
    • Win
    • Moderate probability
      • Unfamiliar setup (retest of ascending triangle lost)
    • Very high reward possible
      • Adds to LOD would give 4R+

20201204_073936.thumb.png.734605df60a1dab56e47b7ed8aa845e8.png

  • Overall Trade Idea
  1. MU
    • Intuitive Thinking
    • Long
    • Scalp
    • Trending higher on higher timeframes
    • Dip and rip

 

  • Execution of Idea
  1. MU
    • Breakeven
    • Moderate - High probability
    • Moderate reward possible

(I don't remember taking that second trade later in the day!)

20201204_074009.thumb.png.d2f136656595950b18b0c1aba71d00c5.png

  • Overall Trade Idea
  1. LI
    • Intuitive Thinking
    • Short
    • Looking for a bigger move
    • Exhaustion pattern on the 1 minute chart

 

  • Execution of Idea
  1. LI
    • Loss
    • Moderate - Low probability
      • I haven't traded this idea often
    • Moderate - Low reward possible

 

Edited by Bailey Nevener

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+++++++++++++++++++++++++++++++++++++++++++++

Interactive Brokers Account Funded

+++++++++++++++++++++++++++++++++++++++++++++

====================================================================

Trading Journal:

    image.png.a5b1357dedc614063ccf7ee20d252112.png

image.png.a9de27b79f83a761b2e35227b731436d.png

  1. Date 
    • December 7, 2020
  2. Status (Live/Sim) 
    • Simulator
  3. Net P&L
    • +$260.40
  4. Current Equity
    • $26,312.05
  5. 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
  6.  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

image.thumb.png.24542d6ea117466b53e18fb66b9e0653.png

image.thumb.png.3b7f16fc15206bb8742a23a6bf876ac8.png

image.thumb.png.403dba003b009bdd01ba47d65b3b6ff4.png

image.thumb.png.6e15db8e98cbe57ab295587b16816df8.png

image.thumb.png.3b9ad8330257c4bb2f2ae5b78bf95cb0.png

image.png

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 by Bailey Nevener

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++++++++++++++++++++++++++++++++++++++++++++++

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 by Bailey Nevener

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====================================================================

Trading Journal:

 image.png.0ca930a0c3362db070b1174412ec3da6.png

 

  1. Date 
    • December 9, 2020
  2. Status (Live/Sim) 
    • Live
  3. Net P&L (w/ECN Fees)
    • +$261.90
      • +1.03%
  4. Current Equity
    • $25,512.11
  5. 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
  6.  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

image.thumb.png.5e891f5ff106682df2fffc9b76028b32.png

image.thumb.png.82f16017fd312a8d9193c9c83c7d6c61.png

image.thumb.png.baeb82313eb044a4ec5775c9d8d1f10c.png

image.thumb.png.89d5f5369d458e4eed3b03016d142f72.png

image.thumb.png.aa5f9085e457dc7e03978775e9f96a6f.png

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 by Bailey Nevener

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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 by Bailey Nevener

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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.

  • Like 1

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====================================================================

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 by Bailey Nevener

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