Tuesday, 04. July 2017 - good nasdaq

Even though not all accounts have been green today, im quite happy with the way things are going.

Tastyworks
Red today because of some single positions but in general im happy because the QQQ trades are working out very nicely. Was able to take off a vertical for a nice profit and a Iron Condor is very close to be taken off as well.
Also took off a small XOP vertical.
Now looking to get short oil stocks in some way short term.

Thinkorswim
Green today because of WHEAT calls and weed stocks being good to me today.
The wire out to Tastyworks has been confirmed, so this account will become less important soon.

Plus500
No action today.
Its crazy how the indexes are not corellated at all today so id think that at some point this might converge again, meaning SPY, DIA and IWM will probably have to follow QQQ down a bit.
Im waiting for that move as volatilitiy will rise with it and ill get a opportunity to short VXX nicely.

ToS papertrade
Day trading went well.
Had a small loss in NKE, mainly because it wasnt doing what i wanted but i exited perfectly when stop was reached. Then i got my comeback with CBI which i shorted and made a nice profit on.
Overall im happy here.
Swing trading lost a bit today, mainly due to the extreme move in Dow and Gold.
Nothing to worry about though. Keep going like before.
Id like to start trading futures a bit more to see what i can do there. Might do that in the day trading account as well.

Kommentare

Kommentar veröffentlichen

Beliebte Posts aus diesem Blog

Day trade report, Monday, 17. July 2017

Bild
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...
Mehr anzeigen

Day trade report - Friday, 22.07.2017

Bild
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...
Mehr anzeigen

Back at it

So after a month in Switzerland teaching animation and a few really intense week at work where i really had to dig in and find my footing in this project, i am finally looking forward to smoother times. I have been dilligently practicing 2-3h a day and about 5-6h each on Saturdays and Sundays. Studying charts, trying to make trades and recognizing patterns. I've joined Bulls on Wall Street for their bootcamp and am so looking forward to start papertrading again once daylight savings time in the US has changed and i can start my new schedule of getting up at 2am, trading from 3.30 until 6.00, then working from 6.30 until 5.00 and go to sleep at 8pm. Its a experiment that will hopefully help me to trade the open consistently every day. I will try to journal my this endeavour on here. Until soon.
Mehr anzeigen