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November 2, 2020 7 winners, 7 losers Today's notes: Pay attention to buy/sell buttons. Don't enter when 50 MA is merging with 9/20 EMA? Wait for pullback to 9 EMA (1 min) Don't exit trade early Take profit at highs Don't enter when 1 min very choppy

Is there a way to set up this order as a template in Thinkorswim? 3 profit targets: 50% of shares at 1R, 25% at 2R, 25% at 3R 2 stop losses: 1st stop loss at 1R. If 1R profit is hit, this stop loss is removed and the 2nd stop loss is triggered at breakeven. I would like the entire process to be...

I believe my request was a bit more specific than that. I actually gave 3 specific examples and I've only been trading for a few weeks. I'm sure you could think of something to share if you tried.

When you're looking at level 2 and time & sales before entering and/or during a trade, please tell me some things that you look for and how those things inform your trading decisions. I'll give a few examples. Large orders on the bid and ask can act as support and resistance level...

I certainly haven't done 5k analyses but I follow a bunch of experienced and profitable day traders and they attest that this is the case. My limited experience has confirmed this to a limited extent thus far but I certainly have more to learn. I have yet to investigate the percentages you...

Thanks for the response, I appreciate the help. 1. I'm not 100% sure what you mean by "tractable" but the dictionary says "easily handled/managed" so I'll assume that's what you mean. Responding to the idea that those formations aren't easy to handle or manage, the plan is to use a tight stop...

The info about my strategy is in the 10th post. Here it is. I've only been trading for a week and a half (paper trading of course) so it's a work in progress. About my setup: 9 and 20 EMAs 50 and 200 SMAs VWAP ECI indicator (yellow dots - indicates price contraction, usually followed by a...

October 28, 2020 6 winners, 4 losers Today's notes: Pay attention to buy/sell buttons. Be careful entering on 5 min bearish candle Be careful increasing position without confirmation Don't exit full position without exit signal.

October 27, 2020 11 winners, 4 losers Today was my best day yet. Found a couple stocks that uptrended the whole day. I realized that rather than making many scalp trades on the 1 minute chart, it would be better for me to be more patient and play the longer trend on the 5 minute chart. Today's...

October 26, 2020 5 winners, 10 losers Today's notes: Wait for break over previous high / HOD for flag pattern? Don't enter overextended from 9 EMA (1 min and 5 min) Take profit. Don't exited position too early- let stop loss hit. Stop loss should be below 9 EMA if trading 9 EMA plays. Wait for...

October 23, 2020 3 winners, 1 loser Today's notes: Wait for bounce off 9 EMA to enter Pay attention to Buy and Sell buttons Don't enter after large bullish 5 min candle Wait for pullback / consolidation

I realized that I didn't provide any information regarding my trading style and strategy. About my setup: 9 and 20 EMAs 50 and 200 SMAs VWAP ECI indicator (yellow dots - indicates price contraction, usually followed by a breakout but doesn't indicate direction) Top indicator (indicates...

October 22, 2020 3 winners, 6 losers Takeaways: Enter closer to key levels Take some profit at 1R Pay attention to buy/sell buttons It seems a bunch of the trades simply didn't go my way. I can't identify anything that I did wrong so if anyone sees something that I could have done better...

The yellow dots are from an ECI indicator which signals price contraction which is usually always followed by a breakout in one direction or another. The yellow dots are areas of past contraction. Present contraction is indicated by a green and red band which turns into the dots after the...

October 21, 2020 - 2/1/8 +$140.70/-$177.50= -$36.80 MRIN (+$81.70) PYPL (+59) ASTC (-$60) TQQQ (-$48.50) MRIN (-$27) DKNG (-$21) NKLA (-$9) PLIN (-$6) GAB (-$5) BRN (-$1) Today my timing was off and I struggled to find good setups. I've also been letting some losing trades run since I'm only...

I'm using a paper account for now so for these first weeks I'm going to be more focused on finding and executing good trades rather than worry about the values of the stocks. I'm basically just buying 100 shares per trade regardless of the stock price. My risk per trade will be 1% of my account...

Why is it useless?

October 20 - 4/1/3 +$265/-$104.25=$160.75 BABA (+$103) / CRSR (+66.50) / CBLI (+$18) / WEI (+$77.50) / BBBY ($0) / DKNG (-$96) / RUHN (-$8.25) Takeaway points for the day: Enter closer to key level Don't buy on red 1 min candle to enter Wait for pullback (if entering during trend) Don't...

I'm going to be posting my day trades not only to analyze them and see what I'm doing right and wrong, but mainly to get feedback and advice from this trading community. Please inform me if you see something that I haven't noted in terms of what I can improve! Thanks!

How do you use level 2 to inform your trading decisions? What do you look for and what does that tell you about what is likely to happen with price action? One thing I've seen is that if there is a big buyer sitting and waiting lower than the bid price, this is a bearish sign, as once that...