Stop is the weekly low, PT is just at the 9 EMA (2R, second PT is 3R). Signs of Bullish Divergence, Mac-D still has 3 days (including today) to settle out. If it continues in the upward direction, we are good to go:

On the daily, the entry was close to the bottom of the range, while the force index is near 0:

Looks good on the hourly. We bought below value and must remember to above value. One thing I may do, is sell a partial position once the price reaches $64.00. Trailing stop loss as well on the 3 ‘lows’ that have been created thus far. Perhaps my stop is too far? This is a ‘whippy’ stock so it is possible I could get stopped out if my stop isn’t at the weekly low.

10/8: Moved stop up to 62.28. Stock hit $64. I literally just missed it and missed the selling of half my shares.

10/9: Woke up late and wasn’t feeling like going on the market. I slept very late…. I had also smoken a lot of Indica beforehand. Of course if I had a real position this would HOPEFULLY be a different story. But if I can’t take even paper trading seriously then I won’t be able to manage real money properly.

My order don’t last through the night, so I was not able to catch the $65 move on $GILD:

I sold half my shares, 19 at $64.29. This is at the 26 EMA line on the daily! Also notice the red line, the 9 EMA, about to cross over the dark line, the 13 EMA… The average of $62.903 is pretty good, honestly, especially if the stock can once again hit the high of the spiked candle in the center of the chart. The high was $66.76, which is 3¢ below our 3R PT ($66.79).

The stop for the day is the low of the previous days candle, at $63.02:

Will add back 19 if price falls to around $62.50 area.

Update, Thursday, 10/15/2020:

Today the price dropped to a nice level. Below the channel line actually. On my paper trading account, I have bought back 40 shares.

Two entries, both at $62.84, the first one for 28 shares, the second one for 12 shares, for a total of 50 shares at a market value of 3145, with an average price of $62.869, which is pretty good considering my initial average was $62.903.

On my live account, I am in for 10 shares at a price of $62.87 with a stop at $61.93, or a $9 risk. Will hold until I can sell for $65.00, or around there.

Just sold 25 shares on my paper trading account at $63.23 for $8.66 profit, 0.38¢ commission.

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:

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:

30 minute chart:

Will do some work then get back. Next target of 24 because of the new triangle. Update: it went to 24.22, now sitting at .80.

10:10 AM: Second target reached:

I woke up late today. Felt mentally good but physically tired. Did not even look at the market until 7 AM.

For $GTH, I had a plan (short):
Stop: 12.99
Entry: 11.99
Profit Target: 11.58

On the 30 minute chart, the stock was above value and the histogram was going down. The stock went up a bit and I did NOT follow my plan. I took the trade out early. Will update in regards to what happens to this stock.

CONTROL YOUR EMOTIONS….

Bad trade, pressed the hotkey and bought 4300 shares, instead of 100…

i missed the force index spike:

$AAPL

Gapping up on the weekly. Histogram at 0. Force index at 0. Weekly high of $138.55.

Entry: $115.20
Stop: $114.20
Target: $117.20
20 shares

The trend is upwards on the daily, weekly and hourly. Hourly Force index is at 0. It is above the 13 and 26 EMA’s, will be expecting a pull back to 113 area, will keep the $1.00 stop loss and move from there.

Plan is use hotkeys, get in using 5 shares each hotkey. This will reduce my risk in case I get a bad entry, which I am prone to do.

Also important to note that this is the 3rd day of the uptrend. Due to it being Monday, it is worth it to not trade in the first minute, unless the stock sky rockets, in which, SCALP if anything, but best case don’t do nothing and stand aside.

This way I can get a proper entry and hold for a few days… Today is Monday after all. With proper trade management, perhaps we see 5-10 R ($ increase per share over the coming days).

$AAL

Weekly trend is up, but seeing a return to normal in the Histogram. Force Index 0. Trend direction = Up, but low power. Volume is there.

On the daily chart, we can see that, in the circled bars, the price moved lower, the MAC-D Histogram hit a peak low, then started sloping upwards, and notice the most important thing… The Force Index… When the price hit LOWER… The force index did not respond as enthusiastically. This means that on the daily chart, on the date 9/24, there was Bullish Divergence… Trading will be LONG.

On the daily, the candlestick is red, so we will have to wait to see a bottom, and a confirmation of a daily trend reversal to get in with minimal risk. The daily candlestick is currently underneath the 26 EMA but has broken it pre-market:

My suspicions are confirm in the hourly chart. Here we can see that the MAC-D Histogram is beginning to lessen in peaks (though we are still in pre-market, 30 minutes until open). The slope of the MACD line is starting to slope downwards as well, and the price is pretty far above the 13 and 26 EMA’s. This means we must wait for a nice pull back ON THE HOURLY, wait for the force index to go into the negative, show us some indication, such as a bullish divergence + MAC-D Histogram beginning to slope up from the negative, underneath the 13 or 26 EMA. This would be ideal.

Entry: $12.58 (right around 13 EMA on Hourly)
Stop: $12.28 (prior close)
Target: $13.18 (2R)
Shares: 66.6

Using hotkeys I will be using lots of 15. Thus, 15, 30, 45, 60 shares is what I will be aiming for once the stock drops and shows signs of bullishness on the hourly.

10 PM: Did not follow any of the two trade ideas I had for $AAPL or $AAL… Instead I got distracted by a different stock, and did not do the triple screen check, and just mindlessly traded and added to a losing position… Averaged down and got out for $1262, but this is something that doesn’t even matter. The trades were just horrible, take a look:

…
The first couple red triangles is where I should have gotten ALL OUT… Instead I held and added to average down. Retarded. Why did I go long when the Force index + Mac-d histogram were telling me to go short? Because I had only looked at the 1 minute chart and nothing else… Classic amateur behavior.

$AAPL trade would NOT have worked out (dropped in the morning)
$AAL trade would have worked. Bounced off 13 EMA, and force index was below 0 (buying opportunity). No bullish divergence on the hourly, though:

**More trades added below**

Started off the day very bad, down $90. The mistake I made was that I didn’t do the triple screen check before hopping into a trade. After getting into the trade I checked and lo and behold I had bought against the tide (short). I was buying where I should have been shorting. This was clear from the 30 minute chart.

After realizing my mistake, I got out of first initial large red trade by selling in portions on the ask… I was able to minimize the damage by quite a few compared to if I just left my entire position on a market order…

I then recouped and reanalyzed. First let us see the 30 minute chart:

This 30 minute chart shows us that the MAC-D Histogram was down, and going to new lows.

You can see the 2 day Force Index much more clearly when zoomed in:

Notice the 2 day Force Index almost at 0. Just before 8 o’ clock, the price of the stock dropped even lower, but the Force Index did not break a new low. The 13/26 day EMA’s are also forming a death cross.

Here is what my first losing trades looked like on the 1 minute chart:

Take a look at the very last blue triangle on the right. That was an impulse buy using my hotkeys on a market order, just after I had gotten out of a large red trade. Not a good look. Here is the full 1 minute chart of my trades:

Here is the 5 minute chart:

I knew that for the 5 minute chart, the MAC-D Histogram sloping up, despite making a new low, price-wise. The 2-day Force Index also was not making new Lows. Notice when I sold (the last couple red dashes). The Force Index was in the positive…
The plan, after I had recouped after my first initial loss and gotten a grip on the stock, was that on the 5 minute chart, I would buy below the 13/26 day EMA’s, and hold until $17.00 (Strong resistance). The stock just hit $17.25. The problem with my selling was that I started selling off shares WAY. TOO. SOON. Like seriously, I was selling off 25 shares at $16.19… And my last couple trades were at $16.90-ish. If I had had more discipline and control, I would have sold around 50-100 shares at a much higher share price, raising my profits by a huge amount. I feel like I’ve missed on $100-200 dollars because I was too eager to sell my winning position.

Perhaps what I did well (or badly depending on perspective) was that I bought 200 shares at $15.80 and $16.10. This little averaged down my position well, and I had successfully taken advantage of a quick DIP as prices began to rally:

Today was a good day except for the last couple trades ($NETE). What happened was was that I identified a downtrend, but I kept on seeing ‘bullish divergence’ so I kept averaging down… Very bad idea. But I realized that what I was doing was holding and hoping. I also understood that what I was seeing was right, it was a bullish divergence. So I held and then as soon as I got to the break even point, I got out. I should have gotten all out the first sell (at 11:15:48), but alas I didn’t. I shouldn’t rely on luck. I need to wait for proper entries. The rest of the trades were good. I also fucked up by not being ready in time for the market open. Also I was not fully present for SPI moving up from $1 to $40…………… What the fuck. These are the type of days that make your year. I need to be more vigilant every single day so that I don’t miss out on these opportunities anymore… I have missed MANY already… Just be vigilant and tread carefully.

Today felt good. I was playing it safe with 1/6 of what would be a full sized trade (600 shares).
I liked the way I traded both pre-market and when the market opened. After watching some of HaiOnLife’s videos, seeing how he buys and sells (discretionary) reminded me of Ross’ live trading videos.
The thing is, for Ross, he doesn’t have his trades show up on the screen when he reviews them (as either triangles, dashes, or some other indicator as to where he bought and sold every single time).
Seeing it on Hai’s monitor was nice because he using the wave. He would buy super low and sell at the high of candles. Hotkeys + limit orders is the way to go to get in and out real fast. I like the style a lot and I want to develop it further, even if I have to use smaller size for each entry and exit. It reduces my risk tremendously. If I don’t like an initial entry, I can get out, and I won’t be in full size. This is a great way to average down/exit quickly if need be.