Jedi Day Trading holocron

Watchlist  $SEND $LIFN $OGEN $MU First day trading on 10k account. It get quite messy since I am still not about to gauge the RR. Is 10, 20, 25 % too big for a 10k account? Another thing I have such big lost is that I was trying my scalping hotkeys. The stop lost I set was wrong resulting I keep getting stop out on my lower SL. Also, I was trading OGEN which is a low float stock. A 20 cents is almost a 10% move and I take on a 7k position. I probably need to plan out my 10k account strategy. One of the strategy I think i am going to do is only short after 30 mins in the account or after a crazy run up and fall below VWAP. Strategy : 1) trade on up gap up or down in the first few minutes 2) Trade ABCD $OGEN Let's analyze this chart. A good short entry might be a pull back  after stock fall below the VWAP. But then even If i am looking at it right now, I couldnt find a good SL location. I remember I was trying to get in but my BP is ...

Watchlist  $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, ta...

Watchlist  $tenx $ASTC $EGO $PTI Strategy : 1) trade on up gap up or down in the first few minutes 2) Trade ABCD $ASTC I told myself not to trade on the firs min.I saw huge selloff volume on first min, decided that it a profit take off market. 2nd min is down too, i was looking for a better pull back before entering. On 4th min, i saw low green pull back. Took at short, and got out for roughly about 10cents profit. I saw another spike with low volume, and decided to do another short. On Daily chart, I see a low level of $2.48. I did took another trade, but was on extended. I should be careful next time. I did a Fibonacci analysis and the retracement is true. TOTAL PROFIT $210. $TENX The earlier trade... what's going on? I think just impulsive trade. I wanted to scalp and know that it will hit high of 12. Spread was big and I dont really make money on it. Perharps I need to figure out a trade strategy for this. Nontheless, i get to make 870 on LO...

Watchlist  $TSLA $MOMO $FCAU $SNAP $MU $BPTH Strategy : 1) Trade weakness and fibonaci 2) Trade ABCD $BPTH The first min trade killed me. I should stop that!  Did a pretty good short at $2.60. On the daily chart, i see the resistant level is at $2.33 I added more short when I see downtrend is in the making.  Sold half at $2.44 to make sure i secure some profit , and out all around $2.33. Then I went on to try Fibonacci retract. I draw from high to low, and go long. It actually hit the 23% realy well. Amazing !  I took on another short for 3-5 cents scalp. $FCAU Easy nice ABCD pattern with trading on top of VWAP and moving average. This is a nice to trade chart. I should have hold on to it longer. PROFIT 120. If I held the position, I would have made possible More than $450. Day note 

Watchlist  $FB $BABA $ALKS SLS Strategy : 1) trade on up gap up in the first few minutes 2) Trade ABCD $ALKS A failed first 5 min trade. Lost 863 for holding the position too long. I could have sold for profit. I saw huge sell with huge volume on the first minute So I decided to enter trade. First entry was bad. I added two more during pull back and could make a profit but greed got me. $SLS Made a big lost for this with almost -$4k The whole morning was a disaster This is the problem of trading a choppy stock.After seeing the peak, I went on short and regain almost $5 and ended up with +$1367 for the day. What a nerve-wrecking trade. NOTE: I do really need to stop trading without great signal and deploy high probability trade strategy. Day note