WLL: I was looking for some shorts at this point.


APOL: bought because dv was expolding.

APOL VS. DV

CVD: Number 1 stock on my list. Went after it, doubled up, stopped out of first half, stopped out of second. I would trade it again that way.

DGIT: Scary inverted hammers but enough time passed that I wasn't too worried. Stopped out but I think I would take it again.

ECA: Crack jack stock. Nutso. I tried. Nice 10 min doji.

FDX: I saw this around 2:15. I didn't trust the new low and wanted to wait for a pullback. I never put it on the my big screen though.

MAN: Nice chart, just late.

PAY: from dtf, gorgeous.

QLD: Rookie trading here. Just getting caught up and excited by all the action.

Overall, I got my butt handed to me. But it was because I was just trading an insane amount of shares. Honestly, looking over the charts I don't think it was that bad. I was just upset from giving back $50 here and there like on MAN and maybe CVD. I was just late to the party. Chasing my tail just like a dog all day. Just need to work on being consistent and slowly uping my share size. I guess the problem is, I get tired of just making a $100/day. I can't figure out how to push it. I was thinking about just going DTF style of 200 shares per trade max .25 risk per share. Anything over that I would like to trade 100 shares of, but maybe it isn't even worth it. I will give it a try tomorrow, if i remember, and see what happens. Thats what were here for. to hone the skills.


SINA: I can't remember if I was looking for shorts at this point to balance out my longs.

URBN: a DTF spot. what a beauty.



BHI: dare is say it, another DTF spot. not the ideal situation i have in my head when i am looking at consolidation. for me, i would have rather it consolidated after the 10:15 candle run up. but it worked, none the less.

NFLX: pretty pretty. like dtf pointed out, i would have never rode that baby for that long. i would have bailed after .50 maybe .75 cents max.

Q: who in their right mind would want to trade today? look at that crap. its amazing you can still find good charts today. it made me very nervous to trade. in fact, i tried hard not to.

RDWR: never saw this one

SNDK: I have the 1min chart on top here. Below this chart, there is the 5 min on top. I shorted using the 5 min inverted hammer but the 1min setup long was looking so pretty i didn't know what to do. i stuck to my guns, thinking the 5 would have precedent over the 1min, but i guess i was wrong. maybe i should have gone long and just used the bottom of the new candle as the stop.

SNDK: i went long after some minimum consolidation on the 15. didn't work, no biggee.

SPY: I was very surprised to see this chart end of day. Much cleaner than the q chart. in fact, very tradeable. i don't know what was happening with the q's today. maybe some strange action in AAPL was pulling it down.

Today: Rough, ugly day if you folllow the q's like I do. But there were some great winners on the day if you had the patience and vision to pull it off. I had neither today. No big deal. Some days you got it some days you don't. Again the probablities work themselves out. Just find the nicest charts and go for it.


THO: to show it doesn't always work and that is okay. just probabilties.

FCX: Just had this one trade today. I shorted FCX and at the time, I thought I was crazy because my H/L ticker was solid green. But, it looked so nice I thought maybe the market will turn over here. Well it did, and I think I did a pretty good job of riding it down. Unfortunately I only had 100 shares because the stop was very far away. I think I scaled out of 50, and then the other 50. It is a lot of work emotionally holding onto stocks. As the q's bounced down into a support area, it seemed like the market may turn back up. FCX doij'd and I went long. Then the market started to run and FCX was just hanging. I doubled up and that scared me out of the position. I was risking about .16 a share ( 400 shares) or $64 and that scared the crap out of me. I closed the position for a loss. Real shame...

Nice setup. closed because AIG was not taking place in the rally that started.

BIDU: The beast that kinda got away. I scaled out the first half around .65 because for me, that is "crazy not to". Second half, I was very tense and nervous and looking for the elusive $1 trade. The best part, I hit out when it showed it was up 1.03 and it closed the position +.98 so technically, no $1 trade for me yet. LOL. on of a gun went on a trip afterwards.

DNDN: I think I need the one minute chart up but I forgot to get it. I'll try to post it tomorrow. I remember it had some neat patterns on the 1 min. Nice doji on the 5 though.

EDU: DTF's nugget of gold today. That is one for the memory book. If that isn't stair stepping down, I don't know what is.

MON: I had a few longs on at this point but the chart of the q's was so horrible I was looking for a stock to short to hedge my longs. I don't know why I missed EDU but I did pick up on MON. Excellent looking chart. I closed because market starting running up. I never though this would continue down.

QQQQ: I don't know what planet I was on but I didn't see any of this down move. Maybe I was bringing the dog to the groomer at this point. I hope so.

SGEN: I would say a decent chart. Something seems a bit off to me with this chart as I review it but I can't pinpoint it. I am proud of the fact that I went after a $14 stock, because usually I pass those up only to see them move a dollar or two.

I would have to say another good day. But, ideally I would like more profit. I am trying to figure out how I am going to get there. Since I have such a hard time trading after a move (like my mind thinks there is one move a day. setup for it, trade it and get out) I was thinking I need to be adding to my winners or start off with bigger size. The other option is to put on a lot more trades a la DTF, but I don't think I have the brain power to do that. Also, I may not see as many "pretty" trades as DTF sees/finds. If I had 500 shares of each stock, and went 2/3 I think I would be set. But in order to do that, I would have to be 100% that my winning % was up on that level, which right now it isn't. So I may have to go the DTF route. We will see. It's all an experiment.

good luck tomorrow. maybe i switch that to GLT for now on.

SVNT shown up to with the 1min chart. I traded the 5min, which is below, but it is neat to see the great setup on the fastest time frame. I think we stocks are going bonkers, it is okay to drill down time levels. The above is an excellent example. Doji'd then formed a rounded bottom and right back to the top again.

On this chart I can really see where I would have gotten in on the 5 and been stopped out. It looks like the 11:30 green baby hammer. The 15 though, keeps me out and it seems to keep me if the trend (if i would have traded it).

DTF pointed this one out to me. I think he may have even pointed out AGU. Both great patterns to remember. One a calm one, and one a crazy one.

Reflections of my old trades. This is one of those trades where I ask myself  "What were you thinking?". The stock gaps up, is in a pure uptrend, doesn't really move violently up in order for me to make use of a doji and yet somehow, I thought a short would be good here. I don't think I have a chart of the q's up here tonight, but I sure hope they were turning over at this point. Otherwise, this is straight up an amateur trade. I think it is also jumping the gun. What has worked so well for me over the past few weeks is being patient. Waiting for the setup to present itself.  Anticipating direction but waiting for confirmation before I pull the trigger. I think it actually helped coming in later as well. With the 15, at 11am there are only 6 candles. Not much to really base a trade on.

Same vein as APOL.

I shorted, doubled up and then covered on the 15 min doji. I believe I was thinking the market was strong. That the move I was playing was just a counter trend. And that it would return to highs. Now, it looks like a classic double top. I always miss those.

I was way late on NFLX. This stock is one I shouldn't even be touching unless there is an A++ setup. Not the case here. Glad to survive. As much dough as this stock rings out, I don't feel it's worth the risk.

I just realized in reviewing the FCX trade, this "trade" summary isn't very useful. I want to see the time of each trade. I may have to post executions instead.

I love this chart. I mean, I know it's strange, but when I see this chart I get tingly. It's crazy I know. But only you other stock nuts like me probably understand this feeling. It comes from the fact that the chart is so pretty, and works so nice. It's like, here is my edge. That's all I need. My edge is my ability to visualize, read and trade chart patterns that have a higher probability of going in my direction then not. It's as simple as that. My ability to be patient and wait for A+ setups is what sets me apart from other traders. This is the type of chart I look for and the only type of chart I should trade. I would like to add more weapons in my trading arsenal which is why I still like to experiment, but the above should be my main focus.

Not as violent as a move as I would like to see into a consolidation area, but it worked none the less.

I was trying to play the counter trend move here. I believe I may have been thinking the market would roll as well. Two things I need to remember: Try to trade with the trend. E.G. Instead of shorting SI, I should have been waiting through the pullback, and went long instead. (2) If I feel the market is going to roll over, don't be trading the strongest stocks short, trade the weakest stocks short.

This was SVNT move on the 5 min:

 

Looking back I think Friday was a good learning day. I have worked out some good ideas and some things I need to write down and remember. It still is amazing to me that for the past week and half the same patterns are occurring day in and day out. I wonder at what point I will stop being amazed and just accept the fact that these charts were always there I just couldn't see them. It's like the damn Matrix, lol.

Good luck tomorrow!

crazy break from consolidation. very impressive. i had walked away by this point.

AKAM:

here i felt the stall coming. market was turning over. i think i was short APOL at this time and i didn't think this stock could push up any further. it is different from when i use to just hit out for nervousness. i really feel it's becoming more instinctual. i know i hit out early of NFG yesterday, but it did roll over right where i got out, only to go back up.

APOL:
i shorted on the rollover on the 5 and the inverted hammer on the 10. with a stock that is moving so fast, i am comfortable zooming in and using the smaller time frames. waiting for the 15 on a fast moving stock is not going to work. here i went after it again as it rolled over. i then doubled up, scaled out, and got out of the rest on the candle change. gorgeous short a few bars later as well.

COG:
dtf showed me this one. earlier today i thought it was an easy short on the 15min doji around 2pm. now, i am having some doubts as to what i would have done. Good chart for memory though.

Q:

Very impressive consolidation. For sure I am thinking here, long, long long. Impressive breakdown. I was happily napping away on the couch as this occurred.

I am at a strange point in trading now. I get some profits and I lock 'em up, afraid of giving back. I don't want to trade again. Thinking about it now, my main goal for my first year of trading was $100. I could never get there. Now, I am able to get there and my brain shuts down. I have to re-train the brain to think $300 is the goal. In reality, I should probably raise that to $500, because what happens a year from now, when I am succesfully making $300/day and I can't push past that point.  Better to just push for $500 now than have to re-train the brain one year from now.

Overall, a good day. My first trade was a loser and it did upset me. I started having doubts that I can read the market. That these siganls are ever present. I was convincing myself that the market is just "trading my style" the past few weeks. Another hurdle I need to get past. These signals are here everyday because it is human emotion driving the markets. That emotion will never change. Traders will see the stocks run up and want to start taking profits. Those profit taker's will inevitable trade the candle into a doji, and that's where I jump on. Human emotions won't change and that is why these signals will always be there. I must believe this fact.

Good luck tomorrow.