stephan908

So far I've been working on roughly 5 setups. For long I look to buy the dip, breakout and pullback intraday. I'm still working on my short strategies but essentially the opposite of dip buy and of course pump and dumps. Dip buy - stocks with a catalyst that already broke through multi-month resistance. Dip buy it on the way back down on 1st test of resistance now support. Breakout - Stocks with catalyst breaking into new highs and through multi-month resistance. Most likely at the beginning of the day. Pullback - Same as the previous 2 setups but basically my 3rd opportunity to buy a stock. Just wait for a pullback to an intraday support. Short - look for stocks with no real solid catalyst but run into major multi-month resistance, wait for 1st red day. Most likely H&S pattern or some kind of lower low/lower high price action. Pump and dumps - Just trying to learn from Tim. Not trying to reinvent the wheel.

Join now or log in to leave a comment
stephan908

I've been working on different areas of my trading. I think I'm comfortable with dip buying so far. I missed LSCC today because I was waiting for a pullback. It didn't. Which is why I'm trying to work on buying breakouts. I think i have my breakout strategy defined. I just need to keep testing it. I'm also working on shorting as well.

Join now or log in to leave a comment
stephan908

I missed MITK and HIMX because I was waiting for a deeper pullback. But NUAN is the biggest missed opportunity for me today. I saw it in pre-market, put in my orders to buy but i was way too conservative. Another good lesson.

Join now or log in to leave a comment
stephan908

I need to trade a bit smaller on the short side. I'm not new to shorting. I've taken many short trades when I was trading futures but I'm still trying to figure out my strategy with shorting stocks. I should reduce my size so I can learn without worrying about making or losing money.

Join now or log in to leave a comment
wayneali
wayneali May 10, 21 6:54 AM

@9artsdragon hey buddy thanks for the tip i'm having the same issue verifying my trade with IBK do you mind if i hit you up if i have any further issues

wayneali
wayneali May 18, 21 1:38 AM

@9artsdragon would you know how I verify my trade on interactive brokers I'm getting stuck on that

TboyCash
TboyCash Jun 10, 21 5:41 AM

It seems profitly doesnt support the automatic uploads of trades. With interactive brokers, so you have to manually post it. Go to my trades then post a trade then fill out all the info. You can get it by logging in tou your IB account and going to the trades option. And all the info is there

Join now or log in to leave a comment
stephan908

I reduced my position sizing in half today. Just trying to focus on executing my trades and not worry about losing $ or making $.

Join now or log in to leave a comment
stephan908

Learned a lot about myself and my trading today. I believe I still have a discipline issue because today I basically took 9 losing trades in a row. Totally ruined my win rate. Gave back all my profits. I have a rule to stop trading after 3 losing trades but I didn't follow it. Another thing I learned is that I should stay away from buying breakouts at least for now. I need more time to study it. I just need to stick to dip buying earnings winners. Another positive thing I think is that I decided to stop trading ES futures/SPY. It didn't work for me for several years trying it on and off so it make sense to drop it.

Join now or log in to leave a comment
stephan908

Definitely took way too many trades today. I should have stopped after 3 losing trades but somehow I talked myself into trading more because I told myself my rule only apply to ES/SPY but in retrospect, it should apply to my trading in general. After 3 losing trades, I didn't have the right mind set. I was too emotional to continue. On the bright side, I think I'm getting the hang of using Interactive Brokers platform..

Join now or log in to leave a comment
Page
of 3