stephan908

So far I've been working on roughly 5 setups. For long I look to buy the dip, breakout and pullback intraday. I'm still working on my short strategies but essentially the opposite of dip buy and of course pump and dumps. Dip buy - stocks with a catalyst that already broke through multi-month resistance. Dip buy it on the way back down on 1st test of resistance now support. Breakout - Stocks with catalyst breaking into new highs and through multi-month resistance. Most likely at the beginning of the day. Pullback - Same as the previous 2 setups but basically my 3rd opportunity to buy a stock. Just wait for a pullback to an intraday support. Short - look for stocks with no real solid catalyst but run into major multi-month resistance, wait for 1st red day. Most likely H&S pattern or some kind of lower low/lower high price action. Pump and dumps - Just trying to learn from Tim. Not trying to reinvent the wheel.

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stephan908

I've been working on different areas of my trading. I think I'm comfortable with dip buying so far. I missed LSCC today because I was waiting for a pullback. It didn't. Which is why I'm trying to work on buying breakouts. I think i have my breakout strategy defined. I just need to keep testing it. I'm also working on shorting as well.

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stephan908

I missed MITK and HIMX because I was waiting for a deeper pullback. But NUAN is the biggest missed opportunity for me today. I saw it in pre-market, put in my orders to buy but i was way too conservative. Another good lesson.

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stephan908

I need to trade a bit smaller on the short side. I'm not new to shorting. I've taken many short trades when I was trading futures but I'm still trying to figure out my strategy with shorting stocks. I should reduce my size so I can learn without worrying about making or losing money.

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wayneali
wayneali May 10, 21 6:54 AM

@9artsdragon hey buddy thanks for the tip i'm having the same issue verifying my trade with IBK do you mind if i hit you up if i have any further issues

wayneali
wayneali May 18, 21 1:38 AM

@9artsdragon would you know how I verify my trade on interactive brokers I'm getting stuck on that

9artsdragon
9artsdragon Jun 10, 21 5:41 AM

It seems profitly doesnt support the automatic uploads of trades. With interactive brokers, so you have to manually post it. Go to my trades then post a trade then fill out all the info. You can get it by logging in tou your IB account and going to the trades option. And all the info is there

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stephan908

I reduced my position sizing in half today. Just trying to focus on executing my trades and not worry about losing $ or making $.

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stephan908

Learned a lot about myself and my trading today. I believe I still have a discipline issue because today I basically took 9 losing trades in a row. Totally ruined my win rate. Gave back all my profits. I have a rule to stop trading after 3 losing trades but I didn't follow it. Another thing I learned is that I should stay away from buying breakouts at least for now. I need more time to study it. I just need to stick to dip buying earnings winners. Another positive thing I think is that I decided to stop trading ES futures/SPY. It didn't work for me for several years trying it on and off so it make sense to drop it.

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stephan908

Definitely took way too many trades today. I should have stopped after 3 losing trades but somehow I talked myself into trading more because I told myself my rule only apply to ES/SPY but in retrospect, it should apply to my trading in general. After 3 losing trades, I didn't have the right mind set. I was too emotional to continue. On the bright side, I think I'm getting the hang of using Interactive Brokers platform..

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stephan908

I did horrible today but in way I am glad because I can learn from this experience. When I used to trade futures only, I will have a bunch of ok/good days in a row and then ruin the whole month with a single bad day. With SPY, I can trade smaller so at least that's positive. However, it doesn't take a genius to see that it is obvious what I need to focus on. It doesn't matter how many years I spent working on trading the S&P. It's not working for me so I need to stay away from it at least for the time being.

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stephan908

I don't regret getting out of JIVE @ break even but I do regret missing out on STKL. I was ready to get in but took too long. I was spending too much time writing in my journal, taking screenshots.. by the time I entered my trade, I was already too late. Didn't want to chase it but I need to do a better job entering. It takes me even more time using IB so perhaps I should enter first, then set my bracket, then write in my journal.

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stephan908

Got out of BCEI and MITK way too early. I also missed ATEN. I want to say it has something to do with that SPHS impulse buy that turned into a loss. However, I think i should have managed my trades better. I did not have a reason to sell. I was too emotional at the time. Need to learn from this experience.

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stephan908

ACI broke even. Missed my HZNP dip buy. Tried 3 times but missed my SPY short. I can tell I am frustrated so I am going to stop trading for the day.

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stephan908

My IB account is finally ready but I'm having a hard time with the platform. I am so much more comfortable with Tradestation I almost don't want to switch. I know I'm going to keep the account because I want to be able to short pump and dumps but I'm thinking maybe I should have just gone with E-Trade.

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Received 4 Karmas
nelsdawgy
nelsdawgy Nov 05, 15 10:35 AM

@buffaloish Ye.. but i've been in this for a year now! It's really frustrating when you let your emotions ride you... sign. This is good though. Gets me back to basics

BUFFALOish
BUFFALOish Nov 05, 15 10:42 AM

@nelsdawgy Yea emotions, pride and stubborness are what is killing me. I'm trying paper trading and robinhood with only $100 to concentrate more on technical stuff than making big profits. Hoping it will help put me in check

stephan908
stephan908 Nov 05, 15 10:54 AM

I'm sure you do this already but review your trades and go over what you think you did wrong. Fine tune your method and over time hopefully you will improve. We've all been there. Good luck.

pomonkey
pomonkey Nov 05, 15 4:15 PM

Nels, your trades can be a learning experience for many of us.

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stephan908

So profit.ly is showing my current profit @ $96.80. However, if i include commissions & fees, I'm actually @ -54. Also my winning % is showing 60% at the moment but according to Tradestation TradeManager Analysis, my winning % is lower also. I guess it doesn't matter too much right now because I'm still trying to figure things out. I spent the last 3 years learning how to trade futures with just 1 product so to me trading stocks is very different. I'm still in the learning phase.

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stephan908

I missed the alert when Tim bought ONGI. I have ProfiDing open and I still got the alert way too late. I didn't want to chase it when it was already 10c above the alert. That's ok though.. I didn't subscribe to TimAlerts to piggyback his trades. It is just a little frustrating seeing an opportunity and not able to take advantage of it.

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stephan908

Looks like my IB account won't be ready until 1st week of November. Waiting for my check to clear. I did not trade SPY or the ES today because i knew it was likely to be choppy. I am learning to wait for the right environment.

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stephan908

I'm new to the site but I've been learning to trade part time for a few years on my own. I saw Tim on Wall Street Warriors and his ad on Investimonials and didn't take him seriously. I was wrong. I started subscribing to TimAlerts so I can use his watchlist and watch his videos. I get really inspired when I listen to Tim. I'm not able to verify my trades yet because I am using Tradestation. I want to keep posting my trades on profit.ly and I'm hoping once I have an account with IB, it will be easier.

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