Chapter 2 Trading journal #45–03/13/2019 TJ +$72 73 tickets, 5K volume

Lessons learned.

1. Each entry should be meaningful. Start tracking entries by the EOD.
2. SSR MATA = Less probability
3. For every move, specifically, breakouts always make sure that volume confirms the move. Price action can do the moves, but real volume, buying, and selling is something required for a sustainable move.
4. Be able to recognize HOLD vs Rejection>Failed setup = entry for another.

PDD +$4

#1 It is extremely important to recognize when ADH setup fails. There was a huge big Rejection candle

*add to setups

AKTX +$5 Need to stay away from the setups like this.

SEEL +$5

#1 Be twice more alert when trading SSR MATA

#2 Do not use stop sells for SSRs

Did good with morning rejection — was sitting on the offer 64. didn’t got hit- didn’t chase. I actually was thinking how MoneyG would have done it. MoneyG videos help a lot in terms of good habits and patience.

PAVM + $15

*Need to re-watch tape on this one

So I added more when I saw a refreshing seller on the tape

$TEUM $18

#1 Failed to recognize when Longs started to fail. Should have at least gotten out.

#2 Too many entries on the way up — should have less

#3 If not comfortable with the stocks going against you — use proper stops!!!

#4 When you get a flush — 15 cents — Fucking cover

#5 Do not try to get bigger into the close — when everyone is covering.

VVPR $23

• Need to rewatch the tape

Read next: Chapter 2 Trading journal #46– 03/14/2019 +$26, 86 Tickets, 6.4K “Anticipation vs Confirmation part 2 + Finally I have an A+ setup”

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