Trading diary

Back after a month of travel and teaching in Switzerland and off to a nice start. Only have half an hour today, so only made one trade. TEVA was the chosen stock There were a few stocks in play but this one seemed the most clear to me. I saw how bullish the guys at Investors Underground were on it and it did already have a large gap up, so i played it long as well. Seem to have a nice feel for the bottom and scooped up 200 shares. Very small! I wanted to get the mechanics right, and ended up closing it just minutes later for a average but nice win of 23.5cents per share. I am really trying to get the mechanics in and become as emotionless as possible, so this was a good one. My exits were clear as well. The 17.80 area seemed to be quite a bit of resistance so i jumped out when it seemed to stall on the second test and when it stalled again with lots of green prints going through without the stock moving up, i closed out the second half as well. In hindsight i couldve h...

Meh day. Tired because its Friday yadda yadda. Made the exact mistakes that Nate made me aware of last week. In and out and in and out. Burning commissions. Luckily its a green day, but i have to become more consistent. TTPH I entered on what i thought would be a bear flag. But it ended up going back to test VWAP. The problem was that i didnt set my risk properly and just thought id play off VWAP. So when it perked over quite a bit i got scared and got out. Thought i did a good thing by cutting the loss. Turns out i didnt, so on the next bear flag i got back in. This time it ended up dropping down hard and i made back the loss from the first trade and then some. There is a fine line between honoring your stops and being too jumpy. What i should have done is go in only half the size and risk off the high of day. AMD I also entered this one. The entry was fine, but for the wrong reasons. Nate alerted it in chat, and since i meant to go long myself, i just jumped in as well. Wit...

  A great day today. Nate suggested that i trade lower value stocks to capture a larger range. He also thinks im too antsy and that i exit too quickly, which i definitely agree with. On the other hand, im trying to capture profits as quickly as possible, so i do have to be a bit antsy. But letting something run while i have time is definitely something i have to do more, so here we go. SRPT was first. Regarding price, this was already a bit high for me after Nates advice, but i liked the movement, so i stepped in. I put a fishing oder out there at 42.60 for 300 shares. It took a while and was fizzling around just a bit higher, so i hit the Ask to get in with 300 shares and shortly after it dropped down further and picked up the other 300 shares as well. Thought was buying this bull flag and riding the momentum up to see if it wants to go green for the day. When it struggled wih the 43 mark i sold half the position just in case it drops back down but it ended up going higher...

Red day today. I felt ok but as i was entering i realized that i didnt have a stop in mind so i didnt consider the risk im taking. Other than that i dont feel like i did much stuff the wrong way. First entered MSFT short Ended up chopping back and forth, so i exited only to start thinking that last time i exited at a similar point where it was about to break VWAP, so i entered short again. It broke but bounced back up right away, so i now i had enough and exited. Later on i realized that i had got the size wrong and suddenly i was long 100 shares. So i got stressed out and accidentially sold too many shares, so i had to buy back those 100 shares again. Stupid, unprofessional and noob material. THAT i really have to cut out. Next, i traded GE Thought it would just take a breather. I guess you could call that chasing but i think Nate would refer to this as one of the good chasers. When it broke back under vwap i exited. Next was LOW This looked like a nice ABCD pattern setup...

Better late than never here is the review of the trading from Monday. I have been practicing scanning on my own and i seem to be quite good at it. However, i didnt end up trading any of the stocks i scanned for as i only look for symbols worth $20 and lower since that works better with my account. I ended up going with Nates watchlist though. I had NVDA up on the starter screen again and it ended up being the only ticker i traded. I still seem to be trading nervously. In hindsight it wouldve been smart to wait for the g/r break. At least i could have taken off half of the position. Timing is definitely still the factor. I also made a mistake when i tried to close the position for the first time and sold a second lot of 100 shares. Luckily it ticked down and i closed immediately as i had planned in the first place. Anyways, its another nice green day. That RLOG position can be ignored as i made a mistake in the last session when i was experimenting with stuff after finishi...

I feel like im starting to get the hang of certain things. Or lets say, my confidence is definitely rising. Tastyworks I bought Calls in CGI (for some reason it didnt let me buy shares) as it had popped up on my day trade scan and the setup looked exactly what i had been looking at for break out swing trades, low stochastics, higher high, high volume and a nice gap to fill. It worked out nicely. I think ill actually sell half of them tomorrow as we seem to come up on resistance. Other than that it was a flat day. MCD is pulling my P/L down and im desperately waiting for a down day. I had a short put spread in NUGT from last week which i got to take off for 50% profit today, so im just grinding. Still down since i started trading with TW but thats about 50% due to unfortunate earnings plays. Thinkorswim Great day in here. Weed stocks moved higher. I have to go check if there has been news or something. The last 3-4 days have seen much more volume and volatility. I also bought 100 sh...