DallasK

Havent looked at the market too much the last 2 weeks. Im Working overtime shifts 7 days on, 1 day off. I hate that I am not able to see what's happening as its happening. Last Friday was an incredible day of runners and sympathy plays. I was pretty upset with myself when I saw what happened with DWAC. Then I had to tell myself that its okay that I missed it. I can still gain from studying the charts that moved with it. And for the first time I saw what can happen if one stock has a crazy move in a slow market, it wakes up a whole portion of the market. Even this morning some of the sympathy plays faded off and are now gapping up with volume. I need to work OT for a couple more weeks and then I will be able to trade on my days off again and that's good. I want to build discipline and and patience. These 2 things are what I have been working on while I am at work.

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DallasK

Looking at AHER this morning, the daily chart is a perfect example of clear prior resistance becoming support. In the screen shot you can see the triangles I drew, I bought and sold when it started to breakout of those triangles. I wanted to swing it, that was my plan. I sold intra day every time and didn't stick to my plan. One of the best listed daily charts in a while and I was too scared to let it work. I didn't hold it likely because of emotional issues. Could have had too much size, chased a spike, buying near the end of the day or aftermarket. Either way, I had the right idea, the right plan and was focused on the right stock. Im putting myself in the best positions to profit and that's amazing compared to where I was at when I first started studying April of 2020, even in the last 4 months I've gotten so much better. I think the main thing for me to get better now is obviously to continue what I'm doing but, its time. If I keep doing what I'm doing then with more time I will have the experience needed to curb my undisciplined and emotional trading. I watched a Huddie video and he described my trading to a T and is exactly right. I'M LIKE A KID IN THE CANDY STORE FOR THE FIRST TIME AND I'M BUYING EVERY CANDY POSSIBLE, BUYING AS MUCH AS I CAN. I THINK EVERYTHING TASTES GOOD AND I WENT IN STORE VERY VERY HUNGRY AND WHAT HAPPENS WHEN YOU GO TO THE STORE HUNGRY? YOU BUY ALL THE CRAP THAT'S NOT GOOD FOR YOU WHILE COMPLETELY IGNORING THE CONSEQUENCES ABOUT TO COME. Time is my friend. And I'm happy if it just takes more time.

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DallasK

Daily Recap - So I am putting myself on trading time out again. Every day is just another red day although my red days are getting smaller, I am still clearly not profitable. Obviously I need to take some serious time to go over all my data and trading history to see where may problems are and where my success is. Im not even going to trade or watch the market tomorrow. My time off work from surgery has come to an end anyway and I have to go back to work anyway. I don't think I will be getting more time off since I am feeling and doing better. Im going to be working A LOT over the next few weeks so this will force me to thoroughly study and go through everything. If there's one thing I've learned so far its this, I don't seem to be able to go over my trading and make adjustments while I am still trading everyday. Every time I've taken a timeout, I've come back better. So I will repeat this process and prepare for the next time I'm ready to trade and hopefully I will be a little more profitable. The plays just are not working out too good for me right now and I shouldn't be trading as much as I am anyway. Break even on the day, even though I was up $100 before the open with a GRVI premarket spike, gave back all my gains and then came back from being red on the day.

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DallasK

Daily recap - Today was a good day despite giving back my gains. Had our first massive mover JSPR since SPRT back in July. I managed to get in on the dip after the halts. But then gave back my profits on the back side. Risk management was okay today, I had too much size on a couple of trades, 1 I sized up a bit because I thought JSPR was going to have another move into the close but it failed.

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DallasK

Daily recap - I am surprised that I only lost $59 today from having no discipline regarding my poor risk management. Once again my trade ideas are correct and accurate but im still chewing myself up. I did miss the 2 best movers of the day. Maybe I am not looking at the right stocks at the moment. I need to be more selective with tickers, stop casting such a wide net because it is actually making my strategy far more difficult. Tomorrow my scanners will be altered a bit before the market open and I will be looking for the best mover, not some of the okay movers, the one day spikers.

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DallasK

Daily Recap - Ended the day red -113 but am up 130 on 3 stocks that I'm holding overnight. They never gave me a reason to sell and are setting up for some nice big picture moves. I did better at staying focused on the big picture on the runners. This helped hold through pullbacks with no fear because I was using the right risk level. I did have a couple bigger losses on PROG which I am not happy about since im supposed to be using a smaller risk than $20. Definitely a good day of trading for me.

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DallasK

Daily Recap - I haven't been working on panic dip buys, I just don't like OTCs anymore, at least for right now. There is still opportunity with the listed stocks that I look for so I am going to focus on reducing my losses with my strategy, since I am still not truly profitable with it. Today I did a pretty go job at keep my losses small. Many of them around $10 and a couple that were just over $20. Had a couple nice wins and one that I let turn into a scratch. Ive been finding that my early entires on a lot of the 4 or 5 star plays end up working better if I just use a wider risk and hold throughout the day as long as the chart and volume continues. I am still getting scared out with the choppy mornings until it starts to prove its holding above vwap. My first entry on CEI was premarket right before the open, I entered at about 1.23 when I saw volume starting to come in. And sold at 1.65 right before the pull back. I want to trade less and make the same. I want to make the most amount of money with the least amount of trades. I want all my trades to be on the main winners only and nothing else, on the cleanest most readable moves. ended green on the day +$27

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DallasK

With how slow the market is for my strategy, I am going to start working and practicing OTC morning panic dip buys. I think that with all the skills I learned from finding my listed stocks strategy, I might be able to learn dip buys better now. Ive learned a lot about my strategy and I think it would be smart to start working on another strategy while my listed one is not working very good.

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DallasK

Daily Recap - What I did right, kept myself focused on the best tickers of the day. Kept the overtrading fairly controlled today but still not disciplined enough so I'm working on that. Was very cautious of failures and exited quick even though that chopped me up a bit for the stocks that did manage to make a small move. I was able to catch myself before I became so emotional that I would fall back to old habits. - What I did wrong, I had a few losses that were larger than $20 by as much as $3, this was due to me beginning to become emotional when it looked as though I might miss the one potential move of the day . I also used too much size and so the proper risk levels led to larger losses and me getting scared out a few times. Ended the day down $125. Still a better red day than any of my red days from the last couple of weeks.

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DallasK

This is how I want my daily trade history to look all the time. A few trades, my losses much smaller than my largest wins even in tougher markets.

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