Chapter 2 Trading journal #63–04/09/2019 TJ Demo Day 4

Day overview:

• Given the current market conditions and certain traits I need to bring into my trading ( 100% on 1–2 stocks that are in play) I will concentrate 100% on scalping
• The biggest adaption here is to cover full-size 90% of the time.
• No adds. but instead, every trade is a separate trade > 100% focus on a stock is the only way to make it.
• For scalp setups I’m, taking the same context setups as I mentioned before:
  MATA, MATA fail, Big Overextension + I’m identifying the current range to make sure that I’m on top for a short or at the bottom for a long + waiting for a confirmation on the tape.
• Also, timing should be really good, since when scalping for 5–10 cents most of the time > stops should be for 1–2 cents most of the time. Otherwise, the math won’t make sense
• Also, the risk should the same almost all the time to make it work. However, scaling is still on the table.

Trading Overview:

$NBEV

5 entries here

1. Didn’t identify the range right and got stopped out for 2 cents = lost
2. Took and entry against double top + offer on the tape + weakness on the tape = got stopped out = lost