Day Trading Stats

Entry: Tried looking at the 5 min chart and 1 min chart because missed the previous move. 5 min chart helps me see the overall trend and not get shaken out too early. Saw it had its big run up and wanted to see if it can form another ABCD pattern. Stock was trending above VWAP.

• first entry needed more patience
• second entry, I saw that the 3.90 level was holding well (smaller postion)

Exit: Wanted to lock in profits at the previous resistance level and not get greedy with it. 

• This stock went passed and above my exit level but I am more focused on recognizing the pattern and getting a entry 

Enrty: Saw that it bottomed and showed some strength. Got in looking for a continuation of strength

Exit: got spooked from the weakness, got out for a small loss

• should have risked off the previous low but I didnt want to risk a big % incase if that level couldnt hold

Entry: Saw that the stock found some support around the 3.50 wanted to get in with some small size for potential uptrend had a risk level around 3.41

Exit: broke my risk level got out for a loss, bigger percentange loss than I like. should have realized weakness after the 4.00 was rejected

Entry: this was a good ABCD pattern, but should have noticed it was under VWAP, so potentially lots of selling volume will come in

Exit: notice I accidently used x4 my postion size, tried to stay calm and play as if I were playing regular position size. saw that it was weak and got out

This was a sloppy trade because of position sizing, way bigger loss than i was expecting. but in the % range i was wanting.

Entry: was looking for a spike then consolidation, got some bad fomo seeing it jump $2 from the open. didnt pull the tigger with the first pullback and that caused so much FOMO. Bought into the next pullback right away, didnt let the consolidation level form

Entry2: wanted to hold longer and not get shaken out, added to my position thinking it can still uptrended

Exit: didnt have a clear risk level, and kept moving it down. ate a big loss 

Overall FOMO is hard to control and should have gotten out quicker

Entry: support formed around 2.45 level and buying volume came back after the pull back.

Exit: was looking for it to test the 2.63 and pass that level, was expecting too much from the stock.. got out at some weakness for a small profit

Entry: broke through a few resistances points, saw potential with the stock going to 2.60

Exit: was looking weak didnt want to sell off and take a big loss

Entry: grinded it way back up and broke the 2.38 res, was testing the 2.45.

Exit: kept a tight stop loss, lots of selling volume

Entry: a flag was forming after a spike, looking to get in on consolidation for a continuation to the upside

Exit: quick profits, big sellers at resistance level. sold a little to earlier but thats okay

Enrty: Saw that there was panic looking for strength to buy into and hold

Exit: got shaken out, missed the play but thats okay. Was on the right track. saw that it pulled back near the lows of the dip and didnt want to get caught in a nasty pull.

this we a user error, thought I was looking at the 1 min candle... but was acutally playing off the 15 min my bad. played smaller size thank god

Entry: Was looking for a continuation to the 9.25 level from the dip, wanted to buy into strength. Risking the bottom of the channel

Exit: set a limit order to get out at 9.20 only made it to 9.15 and quickly pulled back. Noticed that I missed the spike and let me risk played out.

Entry: I was watching for this to test vwap, and then test the 7.75 area. Passed through both those levels and got halted. FOMO kicked in and got a fill lower than I was expecting because the stock dropped

Exit: should have noticed that I was not comfy with enrty level and selling volume, moved my risk down to vwap as max loss on this trade.

This trade was not the best, I was impatient and didnt let the chart form for me. should have cut losses quicker here

I live and I learn to trade another day

Entry: I was looking for continuation, I dont think this was a good set up. The first one was way better

Exit: was not continuting, cut losses

This trade was not needed pure revenge trade, walking away from my computer would have been the better than forcing a trade

Enter: didnt have a trading plan, I wanted to get in to make money back

Exit: got caught in a nasty dip, thats what i get for chasing

Entry: I misssed the inital run up, want to enter if it could spike and hold a consolidation level

Exit: Got weak as soon as I got it, I was impatient on my entry point. Was not looking good, needed to get out, was looking for some strength. Double topped, this was the last and final sign of a GET OUT 

Improvements: 

• patientice on entry
• noticed it was a choppy stock

Overall: I dont think this was a terrible trade, not the perfect trade. but i had a plan and handled exiting well

Entry: missed intial spike https://tradejournal.co/trade/929/, wanted to be more patient  exit level. There was a halt my plan was to look for dip for a continuation of buyer. 

Exit: I set a limit order around 9.41 because it previously consolidated there, and I wanted to protect myself and locked in some gains.

Entry: there was a weak open, got halted on the way down, was keeping an eye out for some strength. it was apporaching the 8.32 level which was support in PM. Saw that there was strength and bought 50 shares into stregnth

Exit: Got shaken out, I wanted to protect myself incase if the stock would reject at the 8.32 level. There was a quick pullback and I wanted get out once it bounced.

Entry: Double bounced and then made its way to the intraday high. Tested the highs of 5.44, saw that it pulled back then had a green candle with buying volume. bought into that candle at 5.29 risking the 5.18 level (previous candles low).

Exit: I wanted to get out near the breakout point, and locked it at 5.54. took the nice move, didnt want to get greedy often will bite you in the ass

Entry: looking for a pullback for a continuation.

Exit: This wasnt the best setup and buying volume was very weak

Entry: Looking for a panic in the morning to the 4.75 level, risking the 4.60 level. EV manufaturing news. 90 shares for a 400-500 position size

Exit: Entry was not good, go too impatient and didnt still with entry level that was planned. Entered at the 4.90 level, and kept pulling back, looked for a spike to cut my loss. The bounce did happen without me, was shaken out

Improvements: 

• patients on enrty level,
  • let there be a green candle before entering

Revenge trade from last one, sloppy sloppy. got really stubborn on this one

Embrassing sloppy trade, was not neeeded. Im not sure why this was so undisplined! and it happend twice

need to reveiw july goals.

Enrty: I tried to trade this stock 3 times

1. first one I was looking for a continuation of the uptrend
2. notice that is dipped and was looking for a pop
3. noticed a dip then looking to sell into a pop

Exit:

1.  it didnt workout, i was telling myself to sell, then news came out and drove the stock down. got out into a spike... should have cut losses quicker
2. there wasnt great risk reward in the trade, got out once the stock showed weakness
3. got stuck into another pull back, should have gotten out in the first spike

Overall, this was a messy trade that wiped out all my small gains, kind of fustrating but proabably desevered because I wasnt following a soild pattern. Was excpecting too much from this stock. also over traded

Enrty: I tried to trade this stock 3 times

1. first one I was looking for a continuation of the uptrend
2. notice that is dipped and was looking for a pop
3. noticed a dip then looking to sell into a pop

Exit:

1.  it didnt workout, i was telling myself to sell, then news came out and drove the stock down. got out into a spike... should have cut losses quicker
2. there wasnt great risk reward in the trade, got out once the stock showed weakness
3. got stuck into another pull back, should have gotten out in the first spike

Overall, this was a messy trade that wiped out all my small gains, kind of fustrating but proabably desevered because I wasnt following a soild pattern. Was excpecting too much from this stock. also over traded

Enrty: I tried to trade this stock 3 times

1. first one I was looking for a continuation of the uptrend
2. notice that is dipped and was looking for a pop
3. noticed a dip then looking to sell into a pop

Exit:

1.  it didnt workout, i was telling myself to sell, then news came out and drove the stock down. got out into a spike... should have cut losses quicker
2. there wasnt great risk reward in the trade, got out once the stock showed weakness
3. got stuck into another pull back, should have gotten out in the first spike

Overall, this was a messy trade that wiped out all my small gains, kind of fustrating but proabably desevered because I wasnt following a soild pattern. Was excpecting too much from this stock. also over traded

Entry: Initally looking for morning panic, there was one dropped about 12% at the open, didnt trade it. Watched the stop and it had another dip at, started a 50 share postion size. Was looking to get out around 12 incase if it couldnt break 12. 

Exit: stock didnt seem to be going my way, sold once I ask lots of seller. tiny gain, looking at the stock now, patients with holding would have paid off.

Improvements:

• could have watched after the trade for the third bounce, it broke 12 and wen to th 14s. This is what i was imigining for the bounce I entered, great move. Was on the right track but one bounce too ealie

Enrty: Looking for an agressive pullback. Saw the pullback then the halt watching really closely for action after the halt, I thought it would cause people to sell. Got a little bounce, entered notcing major resistance near 10.75. Stock proved itself to me

Exit: Sold into the 10.75, focusing on taking small conservative gains

Improvements:

• Have a better plan for when the stock goes against you

Enrty: Missed the dip and rip at the open, so watched for th 3.80 breakout level. It broke and consolidated, good spot to enter, held back and bought at one of the pull backs. The pull back buy hasnt worked before, so half position size in order to control my emotions but it had potential because next big resistance was at the 4.97 level.

Exit: Was planning to exit at the 4.90 level but has a huge pullback, told myself if it cracked where I enter I will cut losses. In pulse to add to an ugly setup, this cause me to trade with emotions. Noticed I was in a postion size I was not comfortable with and got out into a spike. This was handled well.

Improvements:

• dont add to "losing" trades

Entry: looking for a major panic near the open, then a bottom to form. I rather be a little late then too early with a loss, comfortable with 25 shares because higher priced

Exit: Had a small postion size, but wanted to trade as if I was trading bigger size. I was planning to sell at 9.00 but saw some weakness and wasnt sure if it would use the 8.80 level as resistance. Now looking at it I could have been more patient, but these stocks cant be trusted!!

Improvements:

• notcing the potential in price action

Great patience on entry level, proud of this trade

Entry: Now looking at this, I think this was FOMO, I wanted to enter near the 2.08 level, but justified it wasnt my pattern. I saw that it kep going up and wanted action, I did wait for a pullback. 

Exit: Tried to get out in the 2.50 but my order didnt get excuted, it never retestedd that level and I should have gotten out got for a break even. Let this not great play run for too long.

Improvement:

• Dont chase
• Its okay if you dont get all the plays
• cut losses quicker with smaller position size

Entry: This was a % gainer in PM, up 26%, didnt think it was overextended. Good Covid-19 catalyst. Planning to buy at the support level at 1.75. Tried to be patient but itchy fingers, it is getting better. Traded with smaller position size, incase if I was too impatient (add more later).

Exit: noticed that spike didnt hold, should have gotten out once the spike failed. Smaller position size tricks me into thinking i can hold longer. Cut losses quicker

Improvements:

• Cut losses quicker with small position size

Entry: I tried to be patient around the 4.20 level, but i did move up my limit order, filled at 4.24. Continue to drop and I added more at the next resistance level around 4ish. I was looking for a nice 3-5% pop

Exit: I got shaken out too earlier, but I am not upset about this my exit. I was impatient and gotten shaken out, I will learn to be more patient on entries. Also, I sized up to an uncomfortable position size. The spike did happen, I didnt play it well, but I will grow from this trade. Stay peaceful and humble, focus on the process.

Improvements:

• sizing - stick to smaller size until consistent 
• being more paitent on enrty
  • try 1/4 size for intial positions 

Entry: saw that it had 2 green canldes, wanting it to conintue. This was not a setup I was wanting or planning to trade, I got furstrated with my earlier losses and wanted a quick fix

Exit: I was uncomfortable the whole time, this is not something I want or should be trading, made my red day into a bigger one. Should have gotten out for a small profit into that quick pop because I was uncomfortable

Entry: Was looking for a pull back at the open for 3-5%, previous spiker... but spikes dont hold

Exit: Tried to cut losses quickly, should have realized this was up 100% within 6 min, super overextended. Not a good play

2nd Enrty and Exit: this was a revenge trade, I wanted to make my money back

Improvements:

• Focus on Morning Panics or multiday runners
• Dont have to trade every day
• Mindset Mindset Mindset

Entry: I had a plan to enter near the PM previous low, I noticed that worked well with other stocks. $UONEK was a copycat play of $UONE, traders were probably excited from yesterday percent gains from $UONE. Little to no over head resistance, but not the best play from morning panic because it hasnt been running for 3+ days, was looking for a 3-5% gain. Started with a small position size and added to it, probably would have been better to be more patient on entry point

Exit: From previous trades, I let the gains turn into losses, dont want to be greedy and got out for a little percent gain. By the looks of the charts probably a good idea, extreme faded off for the rest of the day.

Improvments;

• Patients on enrty
  • start small and add might be a good solution

Entry: Entered at at my plan, if it DGLY can gor r/g and there was the conference to hype it up. wanting 5-10%

Exit: Got greedy, was looking to "make" back was I lost. Should have taken the nice 5-6% that was shown on the charts

Improvement:

• Mindset
  • play the price action and try not to wring out "all" the prfits

Entry: Some talk about it today because to the conference that might addresss police equipment. I think i got ahead of myself, I had a plan to enter if there was action around 9am PST, but entered at 6:30am. This is a stock that previously spiked and has a "hot" catalyst. Was looking for it to pop 5%

Exit: noticed that the "suppourt level" I bought at was not holding at 5.25, my stop was closing price at 5.15. already made a mistake with entering in not the best stet up. I can look to enter again later

Improvments:

• patience on entry
• watch g/r moved

Entry: This was on my watchlist before, the plan was to look for a morning panic if the stock is up pre-market. Today they are launching their kartoon shows on different platforms. I noticed that there wasnt "normal action", lots of large biid orders at random price levels. I pointed out the 4.66 (PM support lvl) level as a support level and had an order of 100 shares. There was a quick drop and it sprung back up, FOMO kicked in and I chased it, 100 shares at 4.87, then i added another share around my intial entry level at around 4.69

Exit: I was planning to hold 50 shares and sell, but from previous stocks, the first spike usually doesnt hold. Sold into the first spike once the ask stacked up.

Improvements:

• Patience on entry level, trust the process
• Sizing
  • lucky that this trade wen in my favour

Enrty 1: This was the perfect morning panic play I was lookginf for, saw support was forming

Exit 2: I was scared of the bid and sold for a 6% gain and 5%-8% was my goal

Entry 2: Thought it was going to have a seond panic, should have waited for the 420 area.

Entry 3: I did not cut losses quickly and added a postion size intead, broke 2 rules.

Exit 2: Holding and hoping is not a stratgey.

Bad habit of over trading a ticker, pure greed. 

Entry: Recognize that there were lost of eyes on the stock, decided to buy into the dip for a 5-8% gain

Exit: got shaken out when the ask stacked up, I missed the potential run I was looking for, broke even with commisions though

Enrty2&3: This was a chase, FOMO, terrible entries, and I had the wrong midset with wanting to make what I lost back. And sized up for no reason

Exit: Ended up hurting me lots, gave back all my gains from last week and Im in the red

Improvments:

• I think I need a break from trading right now
• correct mindset
• Stop chasing
  • I will bleed my account dry
•  

Entry: pulled back to a support level, entered wanting a 5-8%

Exit: Was not quick enough on the exit for a 5% gain, held to see if the support level would hold again. It didnt and had to chase some weakness to cut losses

Improvements:

• This wasnt the best play
• take those 5% gains
  • small gains will add up

I controlled fomo well on this and didnt chase the stock after I missed the morning spike

Entry: This entry could have been more patient. Saw that there the price action was moving and broke long term resistance, pulled back from the breakout point.

Exit: there were 2 candles of strength but that didnt hold, I needed to minimize the lost and took a small lost.

Improvements:

• buy the breakout pull back if it can hold above or around the breakout level
• more patients on entry
• Focus on the best plays

Entry: This was a pure FOMO play, fustrated that I missed mutiple morning panics and played tops. But my though process: I saw a pull back from the spike and bought when in consolidated thinking into would have another bounce.

Exit: it wasnt doing what I was expecting, and realized it was in the trades for the wrong reasons

Improvements:

• Entry level
• Focus on the BEST plays

Enrty: Large sell off, there was a financing.. dropping because of bad news. Was thinking with major selloff there could be a bounce.

Exit: first time, I noticed that I made the wrong choice of buying the stock and should have stopped there. I was EXPECTING the stop too bounce because of the agressive sell off. Sell off was vaildated because of bad news

Improvements:

• dont ignore badd news
  • catching a falling knife
• Focus on the BEST plays
• try half psotion sizes
• cant expect stock to do something --> play price action

Entry: Good pullback, could have been more patient on the entry level

Exit: I took some of the profits, got greedy and that bit me in the ass got out the rest for a break even

NO MORE TRADING for me today. Overtraded today.

Entry: Tried to enter several times, the second entry was pure revenge trade. that is dangerous, it was uneeded. First entry I was tring to cut losses quickly but the pull back was too quick. Third trade entry was better.

Exit: First trade really threw my mindset off, should have stepped back from the computer

Overall, sloppy trade. Gave lots away to commisions.

Entry: Saw a pullback and thought it was a good entry point. I knew this wasnt the best setup so I sized down

Exit: It wasnt going my direction, should have noticed the 3rd pullback. Also there was no catalyst, company filed backruptcy

Enter: Noticed it was pulling back from a breakout, wanting to buy then for a potential continuation.

Exit: I wasnt going my direction, gave it time to work but it wasnt looking promising.

Improvements:

• Patients on entry
• cut losses quicker

Overall, right setup wrong timing