DallasK

Recap for last couple of weeks - I haven't been trading much, busy working overtime and saving for more trading money. Ive attempted to start trading a bit off of my phone while at work. At first I was so uncomfortable with the idea that I couldn't bring myself to do it fearing that I would lose and lose badly. The more I used my phone to look at charts (STT Mobile) and trade (IB APP) I began to realize that it is not as bad of an idea as I thought. I just have to make sure that I only take the 5star plays. Because if it goes bad it goes bad fast with very poor cell service and sometimes not being able to get to cell service if I have to do some jobs in a pit at the coal mine. So far I am profitable trading from my phone at work over the last couple of weeks. And I've only traded a few of the days and after taking a couple bad premarket trades. I have found that I trade my best when I have less than ideal trading conditions, it forces me to be extremely selective and prevents me from overtrading. I have also found that I trade my worst when I am optimized and have a second monitor with extra charts and chat rooms up. Being optimized I overtrade, chase alerts, and have zero discipline. Its very interesting how my largest win was made while I was at work and could not look at my phone to watch every tick. I could check on it maybe every 10-15mins which means that if I am going to take a position I had better be certain it is going to work. This means I trade less but make more. Trading is an interesting mental challenge and I love it.

Join now or log in to leave a comment
DallasK

Daily Recap - Only traded the afternoon since I was driving for the first half of the day. And lately all the moves have been happening in the morning and then everything slows down for the rest of the day it seems like. Tomorrow ill focus on the morning and then call it a day

Join now or log in to leave a comment
DallasK

Daily Recap - After seeing a few days of a "Hotter Market" I couldn't help myself but try to trade. I made a nice trade on GHSI around 3am my time premarket. My thesis was 100% correct. Based on the volume it had for premarket and how much it was up (about 35%) I thought it would go higher and set a higher premarket high. Tried to enter at 1.55 but since I was at the coal mine I had poor cell service in some spots and got in at 1.79. I exited when I checked my phone later at 2.34. Only had 300 shares and still made $165, a 30% gain, a very good trade for me. Then when I got back to my computer after work at 7:15 for the open instead of sleeping I traded. I had wild profit swings pulling myself back to $80 then back up to $200 on the day. Then pulled myself down to -$37 and then taking my largest winning trade on AGRI making $360. I ended green on the day with $250. Much better than any of the green days I had on my 3 months off of work in the slower market. Part of the reason I made so much on AGRI was because I took larger size, I saw how well it was holding even though it was already up and thought that it was moving a lot like DWAC last Friday, after scaring myself out a few times I held with more conviction with a clear risk level to stick to and that worked. Still overtraded without discipline and some wild emotional ups and downs. HOWEVER, my losses were smaller than my 2 big winning trades. Those 2 trades made up for my losses and then some. I was in the small cap rockets chat room today and I think that took its toll. My thinking was I didn't want to miss the stocks that matt and Bryce were going to trade. That created some chasing and resulted in losing. I just don't do good being in the chatrooms. It seems like it forces me to compare myself to others and then I become soooooooo hard on myself that I hate myself. I HAVE to remember, I am better than I was yesterday and that's all that matters.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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.

Join now or log in to leave a comment
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

Join now or log in to leave a comment
Page
of 7