Sam's Day Trading Log (With Charts)

Hi Sam, not sure if this will be helpful but I thought I also agree with NoDoji about trading off the 1min chart. What I do is I will use the 1 min chart if its between 9:30 - 10ish on the open and I'm trading a big momentum stock (or if news breaks on a stock midday and there is a big push). After that I use the 5, 15, 30, 60min to trade off of, it will get you out of the ticks easier and will also let you see the bigger picture of the stock. When I'm planning on my entries and exits, make sure that you are getting your target off the same chart your entry, it will be easier then if you got in on the 5min, but are using te 30min to try to find your target. Also be careful this week trading.
 
Sam,

You are to blame...

I had abandoned ET because of the poor user interface for finding new posts and who had made the last post in a thread. Could be PICNIC (Problem In Chair Not In Computer).

Then you posted that you were discontinuing this thread in my preferred forum. So I'm back.

And it's all your fault. :cool:
 
Sam im on my phone so charts aren't very clear, but it looks like your entry was in the middle of that green bar...? Did you go long because price broke above that swing high? Ill mark it later when I get home. Just curious how your taking your enteries.
 
Quote from NoDoji:

Very nice trading, Sam. You really have it together; just be careful to use the 1-min chart as a tool, rather than trade off it. I've chopped myself up trading off a 1-min chart and have also taken profits waaay to early if I start watching it instead of focusing on my targets.
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I agree with this with using shorter time frames as a tool.
Maybe you mean something else, but I would use it for entry, based off a setup on a larger time frame..

In other words, you already have decided what you want to do based off a longer term chart setup, but am looking for the best price/opportunity to get in..
 
Quote from mdl060374:

I agree with this with using shorter time frames as a tool.
Maybe you mean something else, but I would use it for entry, based off a setup on a larger time frame..

In other words, you already have decided what you want to do based off a longer term chart setup, but am looking for the best price/opportunity to get in..
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Right, I already know where I'd get in off the larger time frame, but sometimes the 1-min chart throws an excellent early entry signal allowing a tighter stop and less chance of getting shaken out later.
 
Quote from NoDoji:

Use the 1-min chart as a tool, rather than trade off it.
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This is what I did for the first time yesterday and the stress levels were way down. The entry and exits were also clean. The difference can be seen with the previous trade. Thanks NoD.
 
Quote from NoDoji:

I glanced at my hi ticker midday and saw AIG hit it for like the 343rd time
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NoD, where do you have access to the hi ticker. You guys seem to be so sophisticated with your tools, it makes me look like I have my trading office set up under a baobab tree along the Zambezi river :p
 
Quote from KingDong130:

Hi Sam, I also agree with NoDoji about trading off the 1min chart. Also be careful this week trading.
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Thanks KD130, lesson learnt and thanks for the alert :thumbs up:
 
Quote from konviction:

Sam im on my phone so charts aren't very clear, but it looks like your entry was in the middle of that green bar...? Did you go long because price broke above that swing high? Ill mark it later when I get home. Just curious how your taking your enteries.
More...

Hi Kon, which chart are we looking at (3 different trades today)?
 
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