My Pattern Day Trading Journey

[themickey]

Good question. You don't seem to know what you are doing and you don't seem to want any help. I'd guess you are just really bored.

My take, OP is grasping at straws when it comes to how he should trade.
Imo, OP is in the experimenting stage of trading life.
It is what it is, gotta start somewhere and without a strong mentor there probably is no other way around it.
My current method of trading began as an experiment, began as a huge failure, but ended up working and is polar opposite to many years of initial trading.

 

[deaddog]

My take, OP is grasping at straws when it comes to how he should trade.
Imo, OP is in the experimenting stage of trading life.
It is what it is, gotta start somewhere and without a strong mentor there probably is no other way around it.
My current method of trading began as an experiment, began as a huge failure, but ended up working and is polar opposite to many years of initial trading.

I hope he learns something for his effort.

What is your current method?

 

[themickey]

I hope he learns something for his effort.
What is your current method?

Well it's a long term swing based stocks only breakout method where I run several algos simultaneously, so its a systematic maths based system but requires the trader to be focused, ie, have a long memory of past events, eg, you've seen the quarry, now lay in wait like stalker.
Bottom line, don't chase but wait the pullbacks.

 

[deaddog]

W
Bottom line, don't chase but wait the pullbacks.

Don't you find that the big movers hardly ever pull back?

I don't chase the initial breakout but I'll take a consolidation breakout at a much higher price if I like the set-up.

 

[Illini Trader]

You know, I thought it would be fun to do a Journal and be open, honest and transparent, even show my account statements and style of trading with charts of trades etc. And I am met with insults so screw it, I am done.

 

[deaddog]

You know, I thought it would be fun to do a Journal and be open, honest and transparent, even show my account statements and style of trading with charts of trades etc. And I am met with insults so screw it, I am done.

Snowflake

 

[cafeole]

You know, I thought it would be fun to do a Journal and be open, honest and transparent, even show my account statements and style of trading with charts of trades etc. And I am met with insults so screw it, I am done.

The key to posting on Elite is to use the ignore feature.

 

[CyJackX]

Why trade trends and get whipsawed, trade the mean-reversion?

But yeah, you are going thru what every one has gone thru...the initial awareness of your own irrational feelings coming into your trading. You were doing good when it was day one because you hadn't yet generated sunk costs, revenge trading, etc...

 

[Illini Trader]

I hear what you are saying and it appears that there is room for both. Look at Wednesday's action on AAPL in any short term chart. In the first 30 minutes there was potential trend trades and mean reversion later in the day. My use of Fibonacci Retracements is in a sense mean reversion by depending upon them for support and resistance lines on the chart. Lay them on a seemingly random looking chart and it gives it order.

 

[Illini Trader]

Snowflake

I have been confused by being called a unique ice crystal that falls from the sky in the winter time but under the circumstances I assumed that it must have meant something more sinister, so I started doing some research.

Snowflake: A 2010s derogatory slang term for a person implying that they have an inflated sense of uniqueness, and unwarranted sense of entitlement, or are overly emotional, easily offended, and unable to deal with opposing opinions.

Ouch LOL In looking back there may be more truth to the term than I would like to admit so I apologize to "Deaddog" and will reply to his post the way I should have.