ARG: Something funky happened with this trade. I have noticed that NT has been missing a few stops lately, like they disappear. Here i was long, and suddenly stopped out. I got back in. It seems i doubled up as it was rolling over. possibly i thought it was going to go to highs. as you can see though, the stock trended quite well. i should have been doubling up where i exited.
ATPG: Not as smooth looking as ARG. the trade was fine. the only annoying thing was losing .25 on a $15 dollar stock. for some reason that annoys me. i would have rather put that money into a stock with a larger ATR so there would be room for a larger payoff. maybe not the correct thinking, but this game is risk/reward. the problem is, you always define risk, you just never know what reward is or will be.
BIG: i'm pretty sure that is textbook.
CIE: one where it didn't work. i had the urge to figure out why this one didn't. then right now i realized, it really doesn't matter. had i taken this trade i would have lost probably .25. had i taken the BIG trade i would have gained .50-.60. its all a back and forth motion. i jut have to keep the winners bigger than the losers and hopefully have a few more winners than losers, although i know as long as my reward is 3x my risk, even with more than 50% losers, you can still be a winner. the trick is finding the winners that will payoff. my winners usually go for .40-.60.
GNTX: holy textbook action batman.
NFLX: triple time frame confirmation. i don't remember why i exited. i think i was frustrated and it was naptime for this cranky baby.
PAY: i like this trade. just not much payoff.
PVH: nice doji bottom.
QLD: first short there really wasn't a great signal. i kept shorting each new bar because i thought we may get the woosh down. i let the stops work when in reality, i should have reversed. because i was short, i didn't want to see signals that was saying, this is a long now. i need to remember stocks and markets can go up down, down up, and new highs new lows once or twice a day.
SOHU: described in comment section. i thought there was a .20 stop, wound up it was a 1.20 stop, so i closed early.
SPY: from 12/2. short stopped, long, stopped, ha. that's when you start thinking the game is rigged and how will i ever get this right.
more opportunities than i had thought. no reason to get frustrated. just trade. maybe i need to be drunk or stoned when i trade. that way i won't feel as bad with a couple losers.
Big numbers bro - showing some fearlessnes!
ReplyDeleteNot sure if you have been reading Al Brooks but one thing he does is enter on the edge of a candle - maybe something you want to think about? For example (if I am reading the SOHU entry signal correctly), the long would of been at the top of the candle prior to the one you entered at. The doji on the 15 would form, you would set your entry at a tick or two above high of the last 5 minute candle of the 15 minute doji, and the stop would be at the low of the 5 min (if close enough).
From what I have gathered, Brooks wouldn't of entered long just after a red 5 minute - but if you are still using the 15 minute, the idea might be some food for thought... On setups that can go either way, it sounds like he would place entries on both ends of the setup candle.
Doesn't look like QLD was very friendly... Looks like it stopped right on the prior low? Hang in there.
qld was a punk. that SOHU trade, i see what you are saying. when you say, "edge" you mean the top of the candle right? about the SOHU trade, it was at like 74.10, and i checked the previous low on the 15, it said 72.90 or something, i was thinking it was only .20 away. then a few minutes later, after i realized it had a crazy spread, i realized it also was a 1.20 away from the stop, not .20, yikes, i closed it real fast.
ReplyDeletei'm hanging in , i'm hanging on. today i had the realization that many of the things i want to do, like summer in chicago and ny with family, will only work if i get this trading thing down. once i figure this trading biz out, i'm sure i can do it from a rented home in nyc or chicago. and if i made enough, i can always take off a few months. not going to miss much.