March 09 2018 - Up 500+ learning to keep my trade to my stratergy
Watch List
$WYNN
$X
$ETSY
$ZSAN
Strategy :
1) trade on up gap up in the first few minutes
WYNN price little on high side : mainly try to trade on wynn
2) Trade ABCD
After a few days of red, finally today i got into green. I realize I might have higher chance to make money if I trade the first few minutes. It's very risky, so have to be extremely careful
$ZSAN
At market start, I have two montage setup ready to go. One on WYNN, and one on ZSAN.
I was initally wanting to trade WYNN. I was expecting it to gap up but it didn't and I saw opportunity on ZSAN with quite a lot of high ask tickets on level 2. I am proud of my execution.
+ZSAN +22.7(439 shares /10%BP), -23(1/2 POS), -23.8(119 shares 1/2 POS), -23.3(ALL OUT)
I was trying to get some profit there and when i see it is loosing momentum, i get out with a nice TOTAL PROFIT OF 264.09.
Later looking back at this chart, it is actually a fallen angel. I need to learn how to identify and trade fallen angel. FALLEN ANGEL - A big up and down at the first 10 minutes and stock trade all the way up to the high of the day.
$PIXY
Someone call it out on PIXY in the chat room. I look at it and decided to give this a trade since i know a bull flag ABCD always make higher. My trade is not clean. I chased after it but thank god i make profit. Almost loosing out my whole day profit. I guess i am lucky today. This is another thing i really need to learn ; Risk to reward. I was setting my stop at VWAP which is 5.20 (0.30 below my entry price and I told my self i need to sell this at above $6 for a good RR. Well that is a very high return and bad RR although I know that it will break above $6
1) +PIXY +5.54(1814 shares /10%BP), -5.72(1/2 POS), -5.32(ALL OUT) with a lost of $36~
NOTE : I saw the hammers cutting below the VWAP. That is a good indication of entry. with SL at the lower wick.
$WYNN
One of the stock that I loose money on it. But i want to put it here so that I can remind myself that, I cut my loss when it went against my trade.
Maybe I should always sell half and see where the trade goes?
$X
The other stock that I kinda over trade on it. I SS at 45.23, got out really early for a $23 profit.
Then I saw a doji, I am thinking it reverse. I trade X again also because I am thinking of ORB 30 mins. I lost 90 dollars, then I jump in again on 3rd trade when i see it is still showing bearish momentum. I sold half and enter a SL. I kind of like this strategy and need to master this. Get half of the profit, then set a SL and leave some room to exit and make the little profit if it bounce back.
Monday Plan
Pick 3 stocks for first few minutes trade
Look for ABCD LONG
Try to learn to trade ORB 30 mins
Keep trade to less than 20 tickets
NOTE: I still need to learn RR.
$WYNN
$X
$ETSY
$ZSAN
Strategy :
1) trade on up gap up in the first few minutes
WYNN price little on high side : mainly try to trade on wynn
2) Trade ABCD
After a few days of red, finally today i got into green. I realize I might have higher chance to make money if I trade the first few minutes. It's very risky, so have to be extremely careful
$ZSAN
At market start, I have two montage setup ready to go. One on WYNN, and one on ZSAN.
I was initally wanting to trade WYNN. I was expecting it to gap up but it didn't and I saw opportunity on ZSAN with quite a lot of high ask tickets on level 2. I am proud of my execution.
+ZSAN +22.7(439 shares /10%BP), -23(1/2 POS), -23.8(119 shares 1/2 POS), -23.3(ALL OUT)
I was trying to get some profit there and when i see it is loosing momentum, i get out with a nice TOTAL PROFIT OF 264.09.
Later looking back at this chart, it is actually a fallen angel. I need to learn how to identify and trade fallen angel. FALLEN ANGEL - A big up and down at the first 10 minutes and stock trade all the way up to the high of the day.
$PIXY
Someone call it out on PIXY in the chat room. I look at it and decided to give this a trade since i know a bull flag ABCD always make higher. My trade is not clean. I chased after it but thank god i make profit. Almost loosing out my whole day profit. I guess i am lucky today. This is another thing i really need to learn ; Risk to reward. I was setting my stop at VWAP which is 5.20 (0.30 below my entry price and I told my self i need to sell this at above $6 for a good RR. Well that is a very high return and bad RR although I know that it will break above $6
2) +PIXY +5.52(1818 shares/10%), - 5.75(1/2POS), -5.58(ALL OUT) PROFIT $263~
TOTAL PROFIT $227.33NOTE : I saw the hammers cutting below the VWAP. That is a good indication of entry. with SL at the lower wick.
$WYNN
One of the stock that I loose money on it. But i want to put it here so that I can remind myself that, I cut my loss when it went against my trade.
Maybe I should always sell half and see where the trade goes?
$X
The other stock that I kinda over trade on it. I SS at 45.23, got out really early for a $23 profit.
Then I saw a doji, I am thinking it reverse. I trade X again also because I am thinking of ORB 30 mins. I lost 90 dollars, then I jump in again on 3rd trade when i see it is still showing bearish momentum. I sold half and enter a SL. I kind of like this strategy and need to master this. Get half of the profit, then set a SL and leave some room to exit and make the little profit if it bounce back.
Monday Plan
Pick 3 stocks for first few minutes trade
Look for ABCD LONG
Try to learn to trade ORB 30 mins
Keep trade to less than 20 tickets
NOTE: I still need to learn RR.
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