No more simping. Focus.

WOW! Is this a False Breakout + Bullish Divergence?

Right below the two latest candles is the 50 SMA on the 5 minute. on the 30 minute there is room to drop to the 13 EMA to about $5.

Professionals trade to a return to normalcy…

The problem with my trading in this set up is that I sold ALL MY SHARES belowt he 13/26 EMA on the 5 minute chart (2nd picture):

Very bad… over traded. I thought the stock would stay above the 13 and 26 ema and had reversed… bought too many shares and sold too late.

On the 30 minute chart I sensed that the mac d histogram would start going downwards, so I got ready to short. I shorted, but, the histogram actually went up near the end of the 30 minute candle, so I got out for a small loss.

IF… I had planned out the stop and target before hand, it is possible I would have been stopped out and my trade would have been successful. Had the right idea, bad execution.

Then there was this trade. Should have held the last 50 shares, and either split into 25/25 or just 1 lot of 50 and held until the 13 EMA was reached.

This is what I saw on the 30 minute:

Took another short position here:

Organic

10/3/2020 – Bellatrix

This chick just messaged me stating that her friend was going to get a cat, and will be naming her Trix short for Bellatrix… Today is 10/3:

Stocks

10/1/2020 – $CTIC

Before trading:

Before entering the trade, I used the 1, 5 and 30 minute time frames:

When I enetered, I was seeing signs that the trend upwards would continue. In the 30 minute Force Index, you can see that the last candle had a pretty high Force Index value, compared to the spike just before. This was an indicator the trend would continue. We also had a golden cross formation with the 13 and 26 EMA’s, and of course the volume was there.

Looking at the 5 minute chart, what I did was I saw the previous ‘bounce’ off the 13 EMA and it looked like this stock could do that again.

Now, what I failed at doing was looking closely at the force index on the 5 minute chart. Due to me being impatient, I entered the trade early, and did not properly wait for an order to fill me in, in the value zone…

My entry was on the 5-minute chart, which was not the way to go, clearly. If I am day trading, I should be entering and exiting using the 1-minute chart, for exact prices. This was a fatal mistake for this trade.

On the 1-minute, I bought underneath the EMA’s and just before the Mac-d Histogram hit it’s peak. The reason why that Mac-d observation isn’t good, is because I should have waited for the peak to have been reached, then gone in for the entry, once I had confirmation that, indeed, we could a positive movement in the Mac-d signal and EMA lines.

8:51 AM: … My entries need some serious work. I am constantly buying too high.

ALWAYS CHECK HOTKEY SETTINGS FIRST…………………………

I held this for too long. I bought too many shares, and instead of INSTANTLY getting out, and I just held it for almost a minute. What the fuck.

9:09 AM: What a dumb situation.

I was buying small share size so I could practice buying and selling quickly with the level 2. Notice those 3 buys, for 130 each; the INTENTION was for me to sell 10 shares each of those four times. It sold off not only my entire position, but it also bought me back in for 130 each of the other three times. So then I was 390 long… Absolutely ridiculous. And I don’t have ‘use closing position size’ turned on.

1: HOTKEYS
2: The first entry we have already talked about.
3: the group of selling, in the middle, is bad because I was selling as the stock was going down. This is bad because if I am shorting I need to be shorting high.
4: target of 24.55 was reached: