VWAP Reclaim,

Trade 2. VWAP reclaim - enter if it can hold 1.80, risk 1.70, target 2

Got nervous and didnt stick to my target 

First Bounce, vwap bounce,

VWAP first bounce - enter around VWAP 1.75, risk 1.70, target 1.90

Got nervous and took it off before my target

Random,

Check good drive

Entry: looking for it to break VWAP and pop to 7 risking 6.70

Exit: stuffed at VWAP

This was the same mistake as before but even worst because it was under VWAP and already had its pop to 7

Random,

This is the first trade on the chart (check google drive)

Entry: looking for it to hld above VWAP and pop near 7.25 risking 6.80

Exit: super quick move down, slippage of 10 cent

 

Morning Panic,

KODK - 8.80 / 9.00 / 9.25 / 9.50 / 10.00

• Spike out the open, looking to buy a dip at the closes line or whole number, risk of a $.10 buffer room. Should be a quick bounce back
• If wash out looking at the 9.00/8.80 (VWAP) level, risking the 8.50, target of 10

 

Entry: Looking for a washout and a bounce for a scalp

Exit: 9.25/VWAP was a good goal and it failed to reach those levels. I needed to get out  there was a weak bounce.

ABCD, C,

I give this trade/chart a C rating, I think the ABCD setup was there and I took a small position size and had a define risk level. One indicator I chose to ignore was VWAP, it was trending very close and even under VWAP. A strong stock holding ABOVE VWAP and forming an ABCD pattern should have been my ideal play. I think this was a forced trade

Entry: I noticed on the 1 min and 5 min chart that there was a lower high followed by a higher low, I got in with small postion size wanting to risk the 9.90 level. risking about a 2:1

Exit: I saw on the chart it had two quick pull backs to the 9.45 level and was having trouble breaking past the 9.50 level. I got out before my stop because it wasnt uptrending as I was hoping for it too

 

Overall this isnt the worst trade, I think I handled exit will, and entried appropiately with a define risk.

Chasing, FOMO, Revenge,

(Trade 2) This was a revengeful trade because the first one didnt workout, I chased the stock because it had the move that I wanted and it quickly bit me in the ass. And same thing as the first trade, I added to a loser, where I added is where I should have cut. I didnt have a define risk point and was purely chasing thinking about the $$.

Entry: I got some FOMO because I have predicted is the stock could break 2.30 it can spike. I was in a vengeful mindset, I noticed the the level 2 had big ASK at the 2.40 level. I chose to ingore this indicator for me not to get in and i still chased it

Entry2: I should have been looking to sell after a big washout like this

Exit: second big washout and I knew I was in trouble, I needed to cut and leave the computer

Pros:

Cons:

• revenge trading, there was no reason for me to be in this trade
• no define risk point
• Ignored key indicators for me not to get in 
• Was excepting for the stock to do something
• chased

 

This is a very bad trade

 

Random,

(trade 1) I wanted to make something happend, I was fixated on the $$ comeout instead of playing an actually pattern. I am not proud of this trade because I added to a loser instead of just cutting it. 

Entry: I saw this stock up trending and wanted to be apart of the move, I waited for a pullback to happend and got in once it bounced and consolidated. I was way to eager to getting into this stock and jumped in without the stock forming a trend.

Entry 2: at this point I should have cut losses, way to fixated on the $$ outcome 

Exit: I saw that there was a bounce at the after my second entry and decided to get out as the spike was not strong

Pros:

• Tried to exit as safely as possible, messed up on entries

Cons:

• Impatient
  • didnt let the trend form
• Mindset 
  • Wanted to make quick $$
• Not following a pattern

 

ABCD, B,

This was a good managed trade, I get a little impatient when stocks are moving a little bit slower but I am able to read them way better and react quicker. This trade might have had a tighter stop than it needed, the 2.15 "bottom of 'B' would have been a better risk level. I did see an ABCD pattern form in the 1 min chart, and got in at a dip.

Entry: I saw that this stock was forming an ABCD pattern on the 1 min chart. I got in in a small position size and wanted to risk the 2.20 level, for a target price of around 2.40.

Exit: I saw that is had a little spiked pulled back then attemped to spike again to get stuffed at the same level, this worried me and I was not longer comfortable in the trade. I wanted to get out to protect myself

Pros:

• I followed my risk exit price
• didnt "chase" the move
• small position size

Cons:

• risk level was too tight

Chasing, F, FOMO, Pull-back,

This trade I was not too emotionally attached to it because I was playing small position size, I was too fixated on the potential outcomes and not the trade or play. 

Enrty: It broke HOD and a long term resistance level, I was too eager to entry and ended up chasing the stock and buying near the top. 

Exit: I didnt have a define risk level I wanted to exit at, the is trade number 2 that I have done this. I got stubborn and let it go against me for a bigger % lose than I am confortable with. "I have to bite the bullet", I should have been in this trade in the first place

Pros:

• I played with super small position size

Cons:

• Didnt cut losses quickly
• chasing
• Didnt have a define risk level
• didnt let the stock form its trend