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Showing posts from March 4, 2018

March 09 2018 - Up 500+ learning to keep my trade to my stratergy

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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 a...

March 8 2018 - First blown out trade

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I started day trading class about 3 weeks ago. Been doing good for the first two weeks and for the past 5-7 trading day, I have been doing terribly bad. In order to help myself to be a better trader, I will begin my trade journal and hopefully I will learn to get better. It's good that I started with  simulation and I am right now considering starting with a $1000 account on sure trader. Mainly I wanted to trade the first 5 mins gap up. PROFIT On Simulation (-$1000) First Trade - OGEN Have this stock as Stock in play today. I saw that it has gap up in the morning and based on my current judgement, it will continue to gap up after opening On the open, I saw the momentum of moving up, I decided to get in the trade but I messed up with my hotkeys. Instead of going LONG, I hit SHORT. After I realize that, I quickly sell it for a -$621  Wrong short entry $3.25 - Exit $3.45 ( $0.2 lost $621 ) and  immediately get on long  LONG entry $3.48 , Sell Half a...