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Was looking over charts, and marking areas of major S/R on my 5-min chart. I just recently fired up Sterling Trader and saw what looked like support around 188.10 on AMZN today. Decided to jump in for a quick trade. <b>(31.00)</b> I was feeling conservative today, as I'm not fully in...

No trading today. Taking the day off to study charts and try to refine my "edge." I've been meaning to do this for 3 days now, so I'm just gonna sit down and git'r'done. Might trade during the late afternoon if there's time.

Jack, I just started a journal about the very same process. I'm probably a bit behind you in this journey, but one thing that has helped me is to read a bit of "Trading In The Zone" every morning before I start. A bunch of people recommended that book to me as well, and I never thought to...

Thanks for the advice! Even is S/R is subjective, if enough people see it and act accordingly, then it becomes tradable right?

Ohhh. I knew nothing of Friday's resistance. How could you tell it was a resistance area? If you look at AMZN from Friday, are you referring to the areas around 10:00am and 2:00-2:30pm EST?

Jas_in_hbca, I hadn't specified any target before the trade because I wasn't sure how much to aim for. I guess that was my first mistake. Once I put the trade on I was aiming for 50 cents or so only because I figured that was a decent target considering AMZN's daily range. It made it up to...

<b>(-69.00)</b> I bought 300 shares at 190.17, during what I thought was a pullback. It was near the low of the 11:00am candle. Price went in my favor up to around 190.54, and then retraced at which point, after moving my stop up, I was stopped out at 189.95. As I look back on the trade...

Okay, brand new day. Just made my first trade on AMZN. Feeling pretty good, and because at this point profitable both yesterday and today, I'm really trying to watch out for over-trading and too much confidence. <b>(150.00)</b> On the 5-minute chart, I saw that AMZN was hitting...

Attached is the 5-minute chart. I'm off to study more charts! P.S. As I look at the chart while uploading it, I realize I need to examine this type of trade on a bunch of different days using the AMZN 5-min chart, and see what a decent profit target is so that I do not get scared out and...

First of all, I'm a newer trader, and I think most experienced traders can recognize this as soon as they see my posts on this thread. I guess I'm writing these posts and posting these pictures not only for myself, but also for the other guys out there that are lurking on these boards and need...

Just got back from the dentist, no cavities! I was watching AMZN again on the 5 and 15 minute charts. I noticed on the 15 minute chart, every hour around the :30 mark (10:30,11:30,12:30,etc.) a significant drop occurred. Still watching my 5-minute chart, I saw what I think was a swing high...

Forgot to post my P&L! Good to be in the green today.

Okay so I've had the whole weekend to study charts and I've decided exclusively to stick with AMZN and SPY. After printing out as many 5min intraday charts as I could for AMZN, I believe I've come up with an unrefined "edge." <b>(-60.00)</b> My first trade was a dumb mistake. 300 SPY. As...

<b>(-1.00)</b> Entered another trade as CAT bounced off of a resistance point at 102.25, just above yesterday's close. I shorted at 101.83, set a stop just above resistance and set a target at 101.50, as I had to leave for a brief time. I let myself get distracted by the 1-minute chart...

I've learned a new lesson. I'm a guy who likes action, and that translated into using a tick chart. I've heard others say it before but there are just too many false signals with ticks and 1-minute charts. <b>(-16.85)</b> My first trade was 100 shares of CAT using the tick chart. It broke...

TheGoonior, Good point. I think I try to compensate for lost money when I set a daily profit target. Rather, if I am out $100 or $150 for the day, not allowing myself to take any more trades enables me to reset my thoughts and leave behind any negative emotions. From here on out, I'll be...

I was sim trading profitably for several months using ThinkOrSwim before I began trading live but I'd like to begin sim trading again. Is there anything you recommend more than ThinkOrSwim?

Also, I'll fill everyone in on the basics of my system. I guess you could call me a momentum-based trader. I'm currently looking at higher-priced stocks, some of which trade large volume, but all that have lots of momentum (CF,AMZN,RL,CAT,etc.) At this point I don't incorporate a...

Hey ET. Okay so here's why I'm starting this journal. I've read many threads on here, including NoDoji's journal and Anekdoten's journal. I've always figured I could learn to trade on my own, and who woulda thought, the more money I lose, the more willing I am to change and realize I might...

Just wanted to say thank you to everyone who has responded so far! Assuming I end up choosing a firm at some point soon, and I ask these questions that have been suggested to me, I'll be sure to let everyone know what firm I went with and why.