Trading diary

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...

 What a crazy 10min! I felt tired and unfocused today, so i had already told myself that this might be a bad day but damn did it go well. I stayed focused and really thought about my trades. Once i get trading i want to set my initial max loss that i want to endure at $200-300 per trade. At the open i had ORLY and NVDA on the main screen and some other symbols on the second screen. ORLY didnt develop well, so i swapped ANY over as it seemed to drop nicely and i seem to be good at either buying rebounds or selling the initial pops. First i entered NVDA short after 4 green candles and close to the whole 163 mark. I had my risk at 163 and sold it at 162.85. $0.15 risk, short only 100 shares. I only shorted 100 shares because 162 is really expensive for my account size and i am trying to keep it realistic, even if i have more buying power in the paper trading account. Luckily it went straight down and when it bounced back with quite some force i exited with a nice win...

CFDs I closed out the short sugar position for a small win and also made a quick trade in silver yesterday which was a small winner. Overnight i opened a small short gold position which is going my way but only small as well. Then i went long QID and shorted a stock Tim Knight mentioned in his segment that has a beautiful setup and looks like its breaking down nicely. I think next week ill have to look into oil/energy, looking at some charts there are some nice setups. ALSO... goddamn wheat went all the way back up and turned into what wouldve been a winner of about 2/3 of the value of what i locked in as a loss yesterday. Frustrating especially because the assumption was right, i just couldnt stomach the volatility. ToS CORN calls and the weed stocks pulled me down today. Ive given up on X and will just let it expire out of the money to save the commission to close it. Tastyworks The short call spread in QQQ had a nice up turn today but got cancelled out by the corn calls. I have also...

I made a mistake in my CFD account yesterday during the day (NZ day). I wanted to short Gold as the chart really looked good and i thought its due for a step down, looking at the longer term charts. So i set up the trade on Plus500 and pressed the button. Right away i realized i had forgotten to put in my custom position size and had just left in the Plus500 standard size. So instead of my usual 20 ounces of Gold, i had shorted 200 ounces. I couldnt take it off right away because the spread that Plus500 makes its money with had put my position $70 in the red. (Thats also the reason why i only want to stay with CFDs as long as i have to be able to have a account big enough to pass the PDT rule. Anyways, i was at work and i had stuff to do so i monitored it only sporadically, which is another mistake, but it was going my way and was up about $150 after just a few minutes. So i kept it on and watched it go to $350 before i had to focus on work and left it unmonitored for about 2h. Next ti...

This is a personal diary to hold myself accountable in my trading journey. I want to be able to recap what i did well and what i didnt do so well and i want to do it for the public to see. What i will be posting about is: - Options trades on Thinkorswim - Options paper swing trades on Thinkorswim - CFD trades on Plus500 - Practice paper day trading on Thinkorswim I have quite a few plans for the future. I plan on keeping the CFD stuff going only until i have enough capital to trade actual stocks. CFDs are actually not what i want to trade because its basically betting on stuff instead of trading it. The only good thing is that they give me way more leverage than other methods so i hope to grow the account to around $50'000 and then move it all over. I also just opened a account with Tastyworks which i will use as my main trading platform. It will take a bit of time though to close out all my positions in my Thinkorswim account and move that money over. I also think i want to keep T...