APRIL 5 -$301.56 messed up in the morning with new stratergy
$CHFS
$SNOA
$HMNY
$DLPN
$TWTR
I am going to go live in the next couple week and I am thinking to get setup a new hotkeys and RR.
Currently , my hotkeys are to buy 5, 10,15%. With 10k account, I think I will need to have
10%, 20%, 25%
Strategy :
1) trade on up gap up or down in the first few minutes
2) Trade ABCD
$DLPN
Held on to the position for too long. I read warrior trader video saying that a good SL might be the previous 5 mins low.I need to try out this method. If there is no good previous 5 min low, dont trade.
I should have SL this out at VWAP. Without that, I could have been in positive 100
$SNOA
I have been seeing this pattern again and again. The first min going down with huge volume, the 2 min going down with a relatively lower volume,the 3rd and 4th are up with lesser volume indicating weakness. I went on short. I added more on the way down. I see a double bottom forming so i went on to draw a Fibonacci retracement, take on long and sell when it hit 23%.
$TWTR
Yay , new chart. I noticed that I have not been using my RSI properly or not using it at all. I somehow prefer STO so i gave it a try. I see the trend going down and waited for the STO to go below overbought area. I wanted to jump out a couple time, but i follow the book and waited until STO showing some strength. Not bad at all. I will need to practice more on this !
Day note
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