Chapter 2 Trading journal #98–05/30/2019 +$73
Day overview:
- Could have traded way better. Allowed myself to project certain outcomes ( OBLN will be an infinite dump without any possibility to take an entry — I watched it 2 or 3 times already previous days, when I get out for 12–15 cents win, and then it drops 30 cents move; ONVO — exactly the same setup as CYCC on Friday, except the timing).
- Tomorrow will add more risk and will work on having my mind clear of any outcomes, although it is good to visualize, but having any kind of bias is not good.
- Clean trading and risk management are my priorities for tomorrow
- Do not deviate, the only entries of the tape that are ok — are within the first 5 minutes I think, then > wait for a V- setup on frontside.
- VWAP — can be a stop, if it’s respected by the stock.
OBLN +$80
#1 I knew someone likes to IOC buy orders from 32 to 46. There is no reason to get short especially at the open when there is this type of buying.
#2 Once again, use the right stop and use right risk
#3 Not short here. Above everything, holds the breakout zone. — Long or stay away. Among all the things in accordance with my rules, I should have waited for a bounce
#4 Do not add/ get in — when the momentum is gone and a short-term trend is on. Just wait
#5 Trap. Either do not add her or cut it off. right away.
OTLK +$10
NIO $0
ONVO -$16
Teach yourself to watch and use VWAP as a stop level. It does work. From time to time.
Read next: Chapter 2 Trading journal #99–05/31/2019
Read main Chapter 2 “Peter, you have to start putting green days on”
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
Resources
- Connect with me on Twitter, Linkedin, or hit me up on Telegram
- Table of contents — everything posted up to date.
- Subscribe below to get new post notifications.
