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  1. M

    Trading Journal

    Real Time Update: 12:30 est. I'm sorry.. I didn't know it would be difficult to post trades real time as I needed to focus on my entries and stops. I'll try if I can but I can't promise anything. Like I said yesterday, the bulls held their ground and indeed followed through today...
  2. M

    Trading Journal

    My purpose for writing in this forum is to help people strive for their best in day-trading. I'm accountable for all the trades I will post here so if you guys have any questions, feel free to write back.
  3. M

    Trading Journal

    Starting tomorrow, I will be posting all of my trades real time. I will explain the reason for my entry and the reason for my stops. Bulls held their ground today and hopefully, we get a follow through tomorrow.
  4. M

    Trading Journal

    Real Time Update: It's 10:30 est. It's boring!!! Nothing is happening. I bet the market will be at this range throughout the day. I have no conviction to go long or short. I suggest you just sit down today and not be buying things.
  5. M

    Trading Journal

    Today was a tough one for me as the bull traders just did not want to participate. Let's go over the market. 1. SNP 500 - gapped up and pulled back today.. Still looks good but NOW it has to go up. It can't keep on consolidating or it will go down pretty hard. 2. Russell 2000 - It was...
  6. M

    Trading Journal

    Real Time Update: It's 11:30 est. Guess what happened today? We gapped up and it was faded. This is why i don't like gap ups. Be patient today. The market looks like it wants to go up but it very hesitant so be careful.. Today is not a trending day.
  7. M

    Trading Journal

    Real Time update: I'ts 8:40 est. and yesterday I said I wanted the market to move higher. Unfortunately, instead of moving higher, we are gapping higher. A gap up isn't necessarily a bad thing on a bull market but you just have to be more careful.
  8. M

    Trading Journal

    Today was another digestion for the market. I was hoping for a move higher but it didn't happen. Now that we've had 5 consolidation days, it's time for the market to move up. Hopefully, it happens tomorrow. What are some attributes you need to be successful in trading? I'm going to talk...
  9. M

    Trading Journal

    So what is my plan for tomorrow? I have 9 stocks that I will be watching.. I don't do any intraday scans because it's important for me to do my homework the day before and not be looking for stocks during the day. I have several strategies that I look for and if any of my stocks trigger...
  10. M

    Trading Journal

    Aug. 13,2012 This market does not know how to slow down. It gapped down this morning but rallied it's way back up to its highs. I'm happy that the bulls are confident and as much as I want a pullback, they don't care what I think. The market is extended but how can we still make money...
  11. M

    Trading Journal

    Aug. 10, 2012 This market is very strong and the bulls are confident. 1. SNP 500 - The market is digesting the big move but we are still overbought. Like I said yesterday, I would love to have a mild pullback. 2. Russell 2000 - I like the move up and is looking better. 3...
  12. M

    Trading Journal

    I buy on strength with velocity also.. When I was talking about the train moving, all I meant was I don't chase stocks.. For example, a stock breaks out of resistance and I missed the move, I move on and look for another set-up. A lot of people still chases a breakout and thus getting hit on...
  13. M

    Trading Journal

    Aug. 9, 2012 1. SNP 500 - I was hoping for a pullback today but the market stayed up.. As long as it's not moving too much higher, that would be fine.. A pullback tomorrow would be nice though.. 2. Russell 2000 - On the other hand, I would've liked Russell to have moved even higher today...
  14. M

    Trading Journal

    In fact, not only should we not be aggressive to buy, my strategy for tomorrow is to short stocks that are over extended. You have to know what strategy to use in different market conditions.. For example.. Right now, the market is overbought so you don't want to buy stocks but either...
  15. M

    Trading Journal

    Aug. 8, 2012 1. SNP 500- This market doesn't know how to relax and keeps going up.. We are in so overbought now that a pullback is necessary or there won't be much opportunities. Good if you're a swing trader though. 2. Russell 2000 - it broke 80 today but closed below it but that's ok...
  16. M

    Trading Journal

    Aug. 7, 2012 1. SNP 500 - Like what I said yesterday, it would be good for it to consolidate and today was a good start. 2. Russell 2000 - I like that it's above all the MA now. a break of 80 would be good for the bulls 3. Financials - I said yesterday that it had a resistance of 15...
  17. M

    Trading Journal

    I forgot to mention.. I am a daytrader so please know that everything I say is on a short term basis..
  18. M

    Trading Journal

    1. SNP 500 had a good up day on Friday and is on top of the BB and if it can stay there for a few days, we can be on a trending market again. It's above all the MA and looking good.. 2. Russell 2000 is a bit lagging cause it's in between the 20MA and 50MA but ok so far. 3. The...
  19. M

    Trading Journal

    Hi, This journal is about everything I need to do to be successful in the market. I hope everyone can benefit from it.
  20. M

    Day Trading Journal

    About my strategies: I am a pure day trader.. I trade breakouts and trade around support and resistance.. My goal is to help others who wants to become a day trader.. In return, I hope you all can help learn how to be more patient and discipline.. I trade only stocks.. I don't do futures...
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