Just a Day Trader

At the beginning of 2020, I wasnt even trading. I had just gotten done deciding that I needed to stop trading for a few months until things settled down around me, that I could bring back 100% focus to trading. I was getting married, planning a wedding, moving/remodeling old house, slowly moving out of old apartment. Money was needed and it couldnt stay in a trading account. I left my trading on a good note, lots of green, green from August to December Win rate around 50%. Was doing very well, did not want to stop trading at all. But needed to.  I cant believe how much of a different trader I am now compared to just 6 months ago. Id say about 85%-90% of all my entries were on breakouts. My RR stats averaged around 1.5 to 1 reward to risk. Stats weren't super consistent, neither was my process. There were a lot of ideas I had that I never acted on, or didnt want to try. I didnt have a process for how I can rate setups before the trade.  Total change now. ...

Trying to take it slow today. Same as I have been past 2 weeks. Going on vacation tomorrow and things getting a little hectic getting stuff ready. If my mind is everywhere, my trading will be too. Taking good trades has to be main focus, cant get caught doing things outside of whats been working for me. SPY gapping down just a small bit. Things look like, if they want to accelerate lower this could be it. Got a nice TL in play from march lows and we broke it yesterday. Also in the middle of the big gap down from last week. Were in a tricky spot. Should be rather indecisive, the only trend or big moves I see happening are to the downside so thats where my focus is at today on names. If we do move higher, I expect it to be pretty grindy/choppy and nothing coming easy. Just trade the easy looking setups 1. Dont trade anything that isnt clean and clear. 2. Follow PT rules 3. Get aggressive only if its there. Lower probability setups do not deserve much risk. APT Wide moves to s...

Pretty slow day yesterday, SPY was in tight range all day, never saw much strength or weakness. Trading reflected in, very slow only 2 names looked good. Traded well though, sitting on my hands is still a viable strat. Today SPY gapping down a bit. We were in the middle of breaking out higher from a triangle after failing a break lower, now can only assume well test the lows again. Actually have majority shorts planned today on SPOT, FSLY, DKNG,WMT, MRNA, TSLA, COST. We shall see. Todays goals same as yesterday. Dont shoot at everything. Wait until its clean and clear before pulling the trigger. No need to give back any gains on trades that arent A+ looking. 1. Dont take anything that isnt clean and clear 2. Stay aggressive, if all stars are aligning, short seems to be where the big moves can happen today 3. Follow profit taking rules, let it work. APT strong open, big pop and came back to vwap and got under into prev hod. Saw some good buying hold, lost it then reclaim...

Solid day yesterday, good gains and lots of trades. Need to be extra cautious today. Times like these are usually when I start getting a little sloppy and taking anything that looks good. Primary goal today is to take nothing that isnt clean and clear, showing strength above HTF levels. SPY gapping up big today, news about trade deal blah blah blah. Market is up and I got nothing but longs im watching for today. 1 short on DKNG if it gets there. Been seeing a lot of large breakouts lately, looking for more of those today. 1. Stay patient and let the trade form before you get in. Dont take anything that isnt clear and obvious 2. Stay aggressive 3. Re enter your winning trades on deeper pullbacks for the big idea to play out. ORCL Strong open, slowly back to vwap + prev hod. Got a starter once I saw the buying come in and fail to make new low. Accidentally exited instead of add but got back in and added as we ticked back up. Couldnt hold and big selling came in flushing u...

Last week was good. I was very patient in my trades, waited for things to be clean and clear before entry and avoided anything else. I want to be in that exact same position today. Stay patient, let the market come to me, fight for price. Market sideways today, expecting the strong longs to continue being that, and short any failures. Lots of names and setups to watch for today. 1. Re enter a winning trade on a deeper pullback for the bigger idea. 2. Stay Aggressive only on HPB setups. 8star or more deserve more risk. SPCE Another good looking premarket trade. News came out, big vol spike higher above a D breakout level. Made a range just under it, broke above and made a range above it. Broke under it again and we saw huge buyers take it back above. I got in. Huge buying coming in as we went higher, Tried to get an add but no luck. Big offers taken out and bids kept stepping up. 18 will be HTF TL break so looking for that to get out. So far is exploding. Well perhap...

I took it very slow this week. Wont say lazy, but I didnt do the normal amount I do every morning. I shortened the amount of time I put into finding which stocks to play and solely focused on the intraday action. Because after all, thats the only time you make money. The first 4 days were great. Market was not that crazy, didnt have a ton of setups all the time. I waited so much just for things to look good before I got in and it really paid off. I was happy with how I was doing. Then friday came, and its not even friday that was the issue, it was just IQ. I gave back a whole day of gains just from 4 trades on it that I sized WAY to much on for some reason. I had left the desk for an hour and came back, saw it, decided I needed to get in now or ill miss, and sized up in front of a train of a weak market. Paid for it. So dumb I really dont know what I was thinking. Other than that though the week was A+ I didnt make ANY compliance errors aside from too big size on TSLA and IQ. So ...