Hey setbacks hey
The more struggles I encounter daily (technical or financial), the more difficult people I meet, the more “Nay” I hear on every single decision I make, so on and so forth, the more resourceful, mature, determined I become.
Your family and friends don’t make you great; assholes and jerks do. 😝 #thinkorswim
#stocks#futures#eminis&p #forex#renko#renkobars#charts#Emini#Dowjones#DJI#S&p #marketdata#nadex#ninjatrader#thinkorswim#free#free # Folks don’t pay some idiot thousands of dollars for some manically preforming indicators when you can get the stuff for free and there’s a fine difference between someone offering a signal service/education course compared to some idiot wanting to sell you the grail to trading just don’t do it just don’t and there are plenty of folks out there offering almost to nothing educational instructions and daily services so if anyone needs help on setting up charts or what to look for hmu and also there is free info printed every week on what smart money purchased long and sold so I’m here day and night to answer questions. Safe trading
Placing limit orders on AAPL and AMD
Closing my short on AAPL and adding an additional 15 units for long @ $214.20
Opening a +100 position on AMD as well @ $25
10/11/18 @ 3:47-3:48am
Feeling confident for tomorrow 💪🏻 #stocks#trading#thinkorswim#tdameritrade#dowjones
@officialpandaexpress I guess this didn't apply to me today.
So was a major ouch that could have been avoided. My loss today was $699.7, to be exact. Premarket volume was there and momentum continued well into the opening bell. Here is what contributed to my loss on the day:
1. I missed the premarket high breakout entry. This was my own fault. I freakin forgot to remove the additional pop up confirm (enabling auto send entry). Because the stock moved so fast at the open, the extra order prompt caused me to miss my initial entry. If it wasn't for this oversight, my loss would have been a $1K gain.
2. I chased. I broke a cardinal rule. I told myself not to do it but FOMO got to me. I chased and it pulled back. Enough said.
3. Ridiculous spreads - I was able to minimize my loss quite a bit by dip buying (yep, my loss was originally larger) but in hindsight the spread on this ticker likely contributed to the magnitude of my loss as a I was buying the ask and selling the bid.
4. Slow execution - It took a ridiculously long amount of time (for day trading standards) for my orders to get filled. Perhaps volume had gotten too low as the morning progressed (even though I only traded the first 30 minutes or so) of market open. Don't know but it was very annoying.
It just didn't go my way today. Unfortunately, I did exceed my self imposed max loss per trade. After that, I stopped trading. I didn't want to over trade or revenge trade. On to the next one. Looking forward to good fortune tomorrow.
So yesterday I finally took off the training wheels. No more paper trading. I must say, I felt a bit nervous. I did not think that I would be nervous. My palms were a little sweaty. Lol. I second guessed a couple of entry points and, thus, missed out on profit but overall the day was green. - I am familiar with this ticker. I originally ruled this one out as a stock to trade, but another ticker that I was stalking didn’t really move like I expected it to when the market opened. I caught IGC really early on a red to green move off of the 50EMA. I actually played this one really nicely. I was in at 4.90 and out around 5.16ish. The high of morning was just under $6. Needless to say, I left a bit of profit on the table. However, overall, I am happy with the trade. Especially considering my first trade jitters. I’ll take the $500. – I don’t like to redirect blame on anything/anyone, but I should have been in the green (or at least break even) on this trade. First off, I admit that I missed the initial move on this out of the gate. I was tracking it premarket, but I did not expect to move as quickly as it did once the bell rang. I ended up catching a slight bounce, but when I tried to exit the trade nothing happened. I thought to myself, wtf, is it my internet again…?! Nope, it wasn’t my internet. A dialog box apparently popped up and did not allow me to click anything until after I clicked ‘OK’ or ‘CANCEL’. Honestly, I have not clue what it said. Once I discovered it (which was on my second screen and reason why I did not see it initially) as the issue preventing me from exiting my trade, I quickly ex’d out of it and flattened my position -- leaving me down almost $200. I was in the green when I originally clicked to exit the trade. Now, because I have no clue what the dialog box said, I’m afraid it may happen again. What a mess. Well, now I have that awareness and know what to look for in case it happens again.