SirGhoul15

November, 2021 Week 4: 11/22/21 - 11/26/21 Trades: 27 (12W/14L | 44%) +$2.10 M 5 (1W/4L) | -$2.01 T 12 (8W/4L) | +$62.16 W 6 (1W/6L) | $33.69 T Thanksgiving | Market Closed F 4 (2W/2L) | -$24.36 Fifth week as a full-time trader and the few changes that I made did make a difference for better and for worse; now I just need to correct the mistakes. First, I switched to NASDAQ since they are currently hot and I need to get experience with them. Second, I started trading near market open again since that is the most volatile time of the trading day and, rather than avoid it, I need to learn discipline. Third, I changed how I look at risk from risking a specific percentage to Grittani's strategy where you set a specific $ amount to lose and then base your share count off of that (depending on how far you are from your risk level). I did this because I was cutting at very awkward moments when risking a specific percentage and I need to improve my patience and let the chart patterns play out. Monday, 11/22 | 5 (1W/4L) | -$2.01 (1) ISPC (+5.20%) - I saw that this stock seemed to be putting in a bottom and forming a higher-low. Sold into the small pop. Good trade. (2) ISPC (-2.24%) - I rebought this stock based on the price action thinking that it may push HOD with a tight risk. Cut it when it appeared to be fading. Good trade, small loss. (3) ISPC (-0.47%) - Rebought again in the same area as above and cut it quickly. Bad trade and defeinitely overtrading it at this time, trying to force a move. I need to be more patient but good loss cutting regardless. (4) ISPC (-2.08%) - Bought on a dip to VWAP but was very impatient with my entry. My risk was VWAP and I cut almost immediately. Patience. (5) ISPC (-1.19%) - Rebought again right after I previously sold when the stock appeared to be holding VWAP. I should have waited until this time to make the trade instead of immediately when it approached VWAP. I sold when it quickly dipped under VWAP for a small loss. Trading mid-range and basically gambling at this point. I do well with trades when they're volatile and I have a good plan, whether I sell for a gain or small loss. My problem is that I trade too often while the stock is mid-range and I'm very impatient. I will work on these traits. Tuesday, 11/23 | 12 (8W/4L) | +$62.16 (1) APVO (-2.46%) - I took this trade with no plan at the market open. Sold for a small loss. (2) HMBL (-1.12%) - Bought this on a dip at a support/resistance level and sold for a small loss when it appeared weak. Decent trade, good loss cutting. (3) KTTA (-2.37%) - Got in when it put in a higher-low following an early morning double-bottom and cut it when the ceiling kept getting closer for a small loss. Good loss cutting. (4) KTTA (+5.73%) - Got in once this stock dipped and pierced VWAP and appeared to hold at premarket resistance. Good entry but I need to be careful not to try and catch falling knives. Sold into the next pop/test of VWAP. Good trade. (5) KTTA (+11.00%) - I missed the spike that occurred following the previous higher-low so I bought into the next higher low and sold when it appeared toppy at morning HOD levels. Good trade, good profit taking. (6) KTTA (+5.41%) - Entered when the stock continued putting in higher-lows with the same resistance level and sold into strength near HOD levels. Good trade. (7) LGVN (+2.62%) - Entered near LOD with LOD as risk and sold into the small gradual uptrend because of a larger position size due to me being close to risk. I should have been more patient but good lesson and a profit regardless. (8) APVO (+7.81%) - Bought after a mid-day uptrend and now test of VWAP. Sold into toppy-looking action near HOD. I could have sold part of my position and let the other part ride, but a good trade regardless and I'm not upset at the % gain. (9) APVO (-5.75%) - Early buy on initial test of VWAP. I should have went in with the risk level just under 10 but I had a tight risk and sold for a decent % loss at the bottom. Good lesson. (10) APVO (+12.84%) - Rebought once this played out a bit more into the HOD test/consolidation and sold into strength for an excellent % gain. Good trade. (11) APVO (+35.26%) - While entering the previous trade, I thought I missed an execution but actually ended up entering twice accidentally. I noticed this after I sold my actual position and after the stock halted up twice. Once I realized, I immediately sold and it just happened to be at the top (Regardless, since this was an unintentional trade, I would have exited). Accidental but excellent % gain. (12) APVO (+6.00%) - Bought into a higher-low while this stock was near new HOD levels and sold into the next pop when it appeared it wouldn't be able to break HOD. Good trade, good profit taking. Overall a good day but I need to make sure that I'm not trading when there isn't an edge or when the stock hasn't shown an overall trend. I also need to be more patient with entries regarding longer-term trades (longer-term meaning a few hours). Wednesday, 11/24 | 6 (1W/5L) | -$33.69 (1) BFRI (+10.30%) - Bought following a dip after market open and sold into the next pop when it appeared it couldn't push past HOD. Good % gain and good profit taking. (2) BFRI (-2.15%) - I got in into strength and didn't have much of a plan, I just didn't want to miss if this stock broke out. Bad trade overall and a small loss. (3) BFRI (-4.15%) - Trying to take more that what the stock is showing here and definitely overtrading it, or rather, trading it backwards. I bought here into strength near the HOD and sold during a crack. Bad trade, good lesson. (4) BFRI (-3.39%) - I didn't learn on the last trade and rebought with a risk of VWAP here. Not a bad idea but if I was just a minute or two more patient, the stock would have shown why that was a bad idea. Looking back this chart appears toppy so good lesson to remember looking at the overall picture as well. (5) BLIN (-2.49%) - Bought into a dip near VWAP following spike and didn't sell into the small pop. Sold near a break of VWAP for a small loss. (6) OCUP (-4.40%) - Bad trade here. Entering a stock that is far below VWAP following a one-day gap up and top wicked every time it reached for it. Then, after entry, I refused to cut until it nrealy broke LOD. Bad trade, good lesson to, again, look at the overall trend of the stock. Rough trading day for me but it was all due to my inexperience. I need to focus on the overall trend of these stocks and work on overtrading. Thursday, 11/25 | Thanksgiving | Market Closed Friday, 11/26 | 4 (2W/2L) | -$24.36 (1) BFRI (-0.93%) - Market open buy on a premarket spiker seeing if it hold premarket support. Cut for a small loss when it didn't do what I wanted. Good trade. (2) BFRI (+2.41%) - Bought into strength and then added into a higher low but sold too soon here. I need to remember not all charts behave the same and to learn how to trade them individually. Decent trade and a decent small gain. (3) BFRI (+7.20%) - Bought and added into strength twice (which sets me up for my large failure next) and then added into weakness during a quick down-tick. Sold into strength. Good trade but I need to be cautious with my entries. (4) BFRI (-10.19%) - This stock halted upward and resumed. My mistake is that I tried to force what I wanted into this trade and the results show that. Buying twice into a potential bottom (of which I really had no idea) and then refusing to sell as weakness continued to show and downtrend. Finally the stock cracked hard and I had no choice but to sell. Horrible trade but a good reminder to stick to your trading rules and wait for the stock to tell you what it's doing. Not a bad day except for the last trade. I'm improving but I need to just continue taking steps to be the best that I can be. This week was my first "green" week since I've been trading full-time and I believe that is because of the change in how risk is approached. Now what I need to do is make sure that I minimize the number of stupid mistakes I make like adding to losers or refusing to cut a loss on a trade. I also had the most % gainers along with the highest % gainers. I see clear improvement in my trading but I also see I have a long way to go. Good lessons and I hope next week the market provides similar opportunities for gains.

Join now or log in to leave a comment
SirGhoul15

November, 2021 Week 3: 11/15/21 - 11/19/21 Trades: 19 (5W/14L | 36%) -$90.53 M 4 (2W/2L) | -$4.78 T 4 (2W/2L) | +$45.00 W 1 (0W/1L) | -$70.00 T 6 (1W/5L) | -$56.16 F 4 (0W/4L) | -$4.59 Fourth week as a full-time trader was definitely not without its challenges. Breaking my rules, over-trading, FOMO, and not fully formulating plans prior to trading led to my results. Monday, 11/15 | (2W/2L) | -$4.78 (1) ILUS (-1.45%) - Traded before 10:30 and bought thinking this stock would hold its breakout level. I added into the crack and sold into a pop. I need to give these stocks more time to play out and show what they're doing prior to entering. (2) ILUS (+0.67%) - Rebought after this stock put in lows and showed some consolidation above them. The stock spiked through the breakout level but couldn't hold. I sold into consolidation following that since I didn't think it could reclaim and wanted to take the small gain. (3) MJNA (+2.29%) - Bought into this stock too early but bought on a hold of VWAP with that as risk and sold into strength later on. Decent trade. (4) FERN (-2.98%) - I bought into strength here thinking that this stock breaking VWAP was a positive and sold when it immediately couldn't hold and broke through my risk. Good thing I took my small loss because this continued to dip (15%). I should have just waited to see how the stock reacted to the break of VWAP. Good lesson. Tuesday, 11/16 | 4 (2W/2L) | +$45.00 (1) DPLS (+1.40%) - I bought this on dips due to a hold of VWAP and higher-lows. Once this cracked VWAP to the downside, I added again on that dip and sold it all into the next pop. Excellent trade just due to my buys and sells. Looking back, maybe I should have taken some profit at 10:45 due to the double-top. (2) ELEK (-1.12%) - I bought the dip following a spike through VWAP but didn't have the confidence to hold. Sold for a small loss but I should have had the conviction to hold. (3) ELEK (+10.72%) - Rebought in this dip since it held up well and sold into the strength of the next spike and seemed to double-topped. I'm glad I recognized my previous mistake and took another position since this stock was in play. Good trade. (4) DPLS (-1.07%) - Bought into strength and sold into weakness. I need to make sure I do the opposite. Whenever I trade this way it's typically a loss. Good lesson, small loss. Wednesday, 11/17 | 1 (0W/1L) | -$70.00 (1) ELEK (-5.79%) - I broke my rule and traded before 10:30. I think me missing the entire afternoon runup on this stock the day before led to FOMO and me making this stupid decision. I'm glad I cut this loss quickly but I really cannot make mistakes like this. BAD TRADE, good lesson. Thursday, 11/18 | 6 (1W/5L) | -$56.16 (1) OSCI (-4.12%) - I bought this on a dip near VWAP thinking this could be the bottom and sold into a crack of VWAP but I never should have taken this trade since you never know where the bottom/top is until the stock shows you. I need to stop trying to predict, and just REACT. Good lesson. (2) OSCI (-2.39%) - Bought this on a higher-low and holding of VWAP and sold when it appeared this stock wouldn't be able to hold VWAP. Small loss but a decent trade. (3) VOSO (+4.42%) - Bought on a dip/hold of previous resistence and sold into strength for a decent gain. Decent trade. (4) VOSO (-1.64%) - Bought into strength and sold into weakness. Deserved this loss due to my impatience. Good lesson. (5) VOSO (-1.46%) - Bought when I thought this stock was holding but when it dipped a bit lower I took a small loss just in case. Decent trade, small losses are ok. If I kept my eye on this stock, I could have nailed the upcoming 18% gain in 4 minutes. I need to be more patient. (6) LGVN (-9.28%) - I bought this stock following consolidation near the highs and when I saw higher-lows being put in. I neglected to see the lower-highs as well and added into the next dip which ended up being right before a crack. Added again at the bottom and sold on a small pop for a major % loss. Unacceptable. I need to acknowledge all aspects of a stock, not just what I want to see. I have to remain unbiased for EVERY STOCK & EVERY TRADE. Friday, 11/19 | 4 (0W/4L) | -$4.59 (1) LGVN (-3.65%) - I bought this stock on a higher low but I bought into strength and sold into weakness. If I was more patient and waited for weakness to buy, I would've seen that this appeared to be fading. Decent loss, good lesson. (2) RETO (-1.36%) - I bought this following this stock tanking 40%. Looking back, this was a complete guess and FOMO must have gotten to me since I was anticipating some kind of gradual bounce. Bad trade, good lesson. (3) AUROW (-1.17%) - I tried to buy this stock on a dip following it breaching VWAP upward and holding above it. I sold when I didn't think it could break upward and had already quadruple-topped but I sold into weakness and not strength. If I wated for the strength, I could've sold for a small profit. Good lesson. (4) RETO (-0.31%) - Bought this on a dip following a small spike above resistence and dip below. Lack of confidence led me to sell into weakness when strength came 1 minute after my sell. Small wins/losses are alright. Good lesson. This week I broke my rules and my lack of confidence in myself and plays showed. Next week I will reduce my position sizes and try to focus on ideal setups. I will also stick to my rules and make sure I come up with complete trading plans prior to placing any trade.

Join now or log in to leave a comment
SirGhoul15

November, 2021 Week 2: 11/8/21 - 11/12/21 Trades: 16 (8W/8L | 50%) -$0.17 M 2 (1W/1L) | +$4.77 T 4 (2W/2L) | -$0.35 W 5 (3W/2L) | +$12.28 T 2 (1W/1L) | -$7.92 F 3 (1W/2L) | -$8.95 Third week as a full-time trader. My rule about not trading before 10:30am has helped with less-than-optimal setups since I have some price action to look at. I see two problems that I need to correct at this point: 1. I have to be more patient in the trades that do not break my risk. If I can do that, I may get some nice spikes due to that patience since I missed quite a few because I just sold my position. 2. I have to focus on waiting for the ACTUAL bottom, then buy. Right now I'm still caught in the mindset of buying because the stock is low, but that doesn't mean it can't get lower and provide an even better opportunity. Overall, good lessons this week and I managed to cut all my losses quickly (except for Friday with a 3.17% loss and is acceptable). If I can focus even more so on only the BEST SETUPS, then my trade count will reduce as well as my losses...if I had to guess. Keep moving forward and do not let emotions interfere, this is the path I have chosen.

Join now or log in to leave a comment
SirGhoul15

November, 2021 Week 1: 11/1/21 - 11/5/21 Trades: 10 Total (3W/7L | 30%) -$61.88 M None T 1 (0W/1L) | -$2.62 W 3 (2W/1L) | +$18.62 T 4 (1W/3L) | -$29.13 F 2 (0W/2L) | -$48.75 My second full week was not without it's mistakes, that's for sure. I have come up with a new rule to help mitigate these mistakes however: No trading before 10:30am. From market open to 10:30am, I took 7 trades (70%) and lost on 5 of them (50%). It seems clear to me that if I reduce the trading done before the stock has shown some price action for that day, I will have better odds since I'll have support/resistence levels to use for trades. Also, I enjoy dip buying, but I don't think that'll grow my small account too well. I need to focus on OTC breakouts OR OTC mid-day consolidation dip buys. Next week I will do my best to implement these changes and see the effect it has on my trading.

Join now or log in to leave a comment
SirGhoul15

October, 2021 Week 4: 10/25/21 - 10/29/21 Trades: 12 Total (3W/9L) -$64.36 M 0W/2L | -$31.52 T 1W/1L | +$5.40 W 0W/2L | -$27.45 T None F 3W/3L | -$10.79 This was my first full trading week being a full-time trader after being let go from my job. There was a lot I did right, and a lot I did wrong. I managed to cut losses quickly once I entered a trade and it began to go against me but I need to take small profits when I have them and stop trying to push for more. Allow the stock to tell you what your profit will be and just be grateful. Nearly all of my losses this week were due to the fact that I refused to take small profits and ended up giving them back. Then, there was Friday. I traded $AABB and got great positions in the morning but just couldn't see the bigger picture and gladly took my small gains. This however led to me missing the massive spike and then trying to force entry on the dip following (ie. catching a falling knife). I cut my losses on all those trades but I need to sit back and wait for the stock to tell me when to enter, NOT when I THINK I should enter. To put it bluntly, I'm improving but I need to work on trading ONLY WHAT IS PERFECT and TO ONLY REACT. I will continue to work hard and improve.

Received 1 Karma
Join now or log in to leave a comment
SirGhoul15

Trading Week 6/22/20-6/26/20 6W/2L=8 Trades +$111.80 M None T 1W/2L -$41 W None T 4W/0L +$118 F 1W/0L +$35 Last week went well. I need to keep my ego in check and remember that only what the chart is showing matters. Tuesday I took two losses which did not help my mood from last week, but I kept reminding myself that those trades were over and I needed to focus on the trades presenting themselves now. This was a good week. Overall I have to watch my ego currently, too many wins in a row can cause issues and I have to be aware of that. I also have to remember to take small profits. That is the way to grow your account.

Join now or log in to leave a comment
SirGhoul15

Trading Week 6/15/20-6/19/20 5W/9L=14 Trades -$127.35 M None T 2W/2L +$22 W 0W/1L -$60 T 2W/2L -$15 F 1W/4L -$74 I'm doing this Trading Week post way too late. I was so disappointed in myself and really got myself into an inefficient mindset. My wife and co-worker cheered me up and by Monday I was ready to go. I have to be cautious of these negative things since they can influence my performance so much. I have so much to learn and I will continue. I need to work on the following: -Mindset -Overtrading -Patience

Join now or log in to leave a comment
SirGhoul15

Trading Week 6/8/20-6/12/20 7W/9L=16 Trades +$89 M 3W/1L +$169 T 0W/3L -$29 W 2W/1L +$63 T N/A F 2W/4L -$114 This week started off great on Monday. I had a bumpy Tuesday, but I minimized losses. Wednesday was decent. Thursday I did not trade. Friday was awful and I completely overtraded. Friday was ONE DAY and I let that destroy my week of gains. I need to remember that I have to wait for the patterns to come to me. I was very excited that my trading balance was all cleared since I did not trade Thursday and that was what hurt me. I got too wager and wanted to trade, inevitably leading me to force trades. It would have been a decent day IF I didn't take the last trade on Friday for a nearly $70 loss. That was my biggest mistake since I was eager to dip buy a panic after news which essentially made me catch a falling knife. I was lucky to have gotten an exit prior to the halt or I would have been down double what I was. Overall, I'm learning but there are clearly basic things I need to work on. 1. Overtrading 2. Cutting losses quickly 3. Trade like a retired trader & a sniper I was still green on the week, which proves money can be made even with enormous mistakes, but to really profit I need to take care of these things. On to the next week!

Join now or log in to leave a comment
Page
of 2