jabaco 5 Posted July 12, 2018 Hi Guys! This is JB and I really want to thank Andrew for being such an excellent and inspiring teacher for me and for creating this amazing community full of dedicated and serious traders! I want to start this topic to share with the community all my journey in the simulator. I appreciate any feedback from you guys. So this is officially day one and here is my video recap: 1 Share this post Link to post Share on other sites
jabaco 5 Posted July 13, 2018 (edited) This is my second day recap on the simulator: -305. Green is GOOD but RED is LEARNING New balance on the Simulator: +$200 Conclusions: Stay away from one minute opening range break outs even more so on low float stocks (If I do it again only with medium to high float stocks and small sizes to start with) I´m becoming proficient at spotting reversals taking into account support or resistance levels, volume increase and price action and candle stick patterns. When trading choppy opening range break outs, I must see where the price is getting more rejected and where the next possible direction is going (*see GLMD) Edited July 13, 2018 by jabaco Share this post Link to post Share on other sites
jabaco 5 Posted July 16, 2018 (edited) This is my third day recap on the simulator: +211. Green is GOOD New balance on the Simulator: +$411 Conclusions: Today I felt my trades were more complete and accurate since I was paying attention to the Level 2 at all times (but I have to be aware that level 2 can give false signals sometimes so I have to use it with other indicators like price action and volume) I should not take trades just because someone mentions them in the chat room. I have to analyze the chart and look for patterns, entry and exit points... Edited July 16, 2018 by jabaco Share this post Link to post Share on other sites
jabaco 5 Posted July 17, 2018 This is my 4 day recap on the simulator: -217. Red is learning New balance on the Simulator: +$194 Conclusions: Today I was not ready mentally to trade. I have some appointments early in the morning so my head was not thinking and focusing on my trades When I see strong levels of support and resistance confirmed by price action, historical levels and level 2 I should exit my trades or going the opposite direction I would like to start journaling in excel or word my trades with more details like strategy used, type of stock, number of shares, etc.. so I can learn more about my trades and what I´m better at. 1 Share this post Link to post Share on other sites
jabaco 5 Posted July 18, 2018 (edited) This is my 5 day recap on the simulator: -411. Red is learning New balance on the Simulator: -$217 Conclusions: I will never take one minute ORB. I will wait for 5 minute ORB I cannot force a trade to work in my favor. If I have tried 3 times to go short with no success I should not try more. Building up my confidence in reversals Edited July 18, 2018 by jabaco Share this post Link to post Share on other sites
jabaco 5 Posted July 19, 2018 (edited) Day 6 recap on the simulator: -274. Red is learning New balance on the Simulator: -$491 Conclusions: I overtraded today, made lot of mistakes like trading low float and medium float stock at the same time and shortkey mistake Proud of my reversals to the long side so far Adjusting my share size to 400 to 800 max per trade. I need to start journaling on excel so I can have a better look of my performance Edited July 19, 2018 by jabaco Share this post Link to post Share on other sites
jabaco 5 Posted July 20, 2018 (edited) Day 7 recap on the simulator: +528. Green is GOOD New balance on the Simulator: +$37 Conclusions: I did a great trade os SKX today. Identify good level of support, opportunity to buy cheap on good news and nailing the pull backs! Edited July 20, 2018 by jabaco 1 Share this post Link to post Share on other sites
nassarsyed 82 Posted July 20, 2018 Awesome, well done, keep at it. Journaling is key! 1 Share this post Link to post Share on other sites
jabaco 5 Posted July 23, 2018 (edited) Day 8 recap on the simulator: -201. Red is learning New balance on the Simulator: -$164 Conclusions: I was jumping in and out of trades... Overtrading for the most part. Went above 50 tickets I did not respect ORB and did not wait for price to surpass opening or the wick of the previous candle I have to plan better set ups with clear stop loss placed on an important level and be more patient with my trades Edited July 23, 2018 by jabaco 1 Share this post Link to post Share on other sites
nassarsyed 82 Posted July 23, 2018 Knowing is half the battle. Some advice (please don't mind) Work on 1 thing it a time, first thing, setups and entries, make sure you are making the right entries and not chasing etc.., at this point do not worry about stops or exits, just make sure you are taking the correct entries and in retrospect if they work out in your review. Thank add Stops and exits and see what works for you. If you journal, you will see which trades are working for you, do only those trades and do nothing else. Than once you have confidence in your setup and exits, scale up to proper sizes. Happy Trading!!! Share this post Link to post Share on other sites
jabaco 5 Posted July 24, 2018 19 hours ago, nassarsyed said: Than once you have confidence in your setup and exits, scale up to proper sizes. Thanks for the advice Nassarsyed :) Share this post Link to post Share on other sites
jabaco 5 Posted July 24, 2018 (edited) Day 9 recap on the simulator: +200. Green is Good New balance on the Simulator: +$36 Conclusions: Overall I traded very well today. I made less than 30 tickets. Before doing reversals I have to make sure there is an important historical level (markets high and lows, daily charts, etc) Edited July 24, 2018 by jabaco 1 Share this post Link to post Share on other sites
nassarsyed 82 Posted July 24, 2018 Awesome!! I had a tough day today. 1 Share this post Link to post Share on other sites
jabaco 5 Posted July 25, 2018 Day 10 recap on the simulator: -224. Red is learning New balance on the Simulator: -$19 (Im going to start with the tradervue reports balance) Conclusions: I should give more space to my stop loss and letting them going a bit above or below before triggering them Traded good today, my setups just did not work but follow the plan I should not trade stocks with high spreads like 50 cents! I should always take that into account before placing the order I will start using tradervue as my visual performance journal but I´m still looking into other alternatives I will try to have at least one hour of preparation before the market opens Share this post Link to post Share on other sites
jabaco 5 Posted July 26, 2018 Day 11 recap on the simulator: -33. Red is learning New balance on the Simulator: -$52 Conclusions: Totally overtraded today! I took 51 tickets. I was just entering the trades based on price action going up or down in a really choppy morning I will force myself to voice record my trades so I understand better what I´m doing and I force myself to have a set up before entering the trade I´m every time getting more proficient in reading the level 2. Looking for big bids or asks and waiting for level breaks once the sell or buy wall are knocked out! Share this post Link to post Share on other sites
