I've decided that I need to step up my analysis game. In addition to reviewing all of my trades, I'm going to analyze every trade opportunity for the stocks I traded for the entire day. I think this will help me learn and identify high probability patterns. I'll be posting this extra analysis here in my journal.
Vince's Trading Journal - Advice Needed!
- Thread starter VinceField
- Start date
November 16, 2020
5 winner, 4 losers
Today's notes:
Improve scale in strategy.
Improve stop loss strategy.
5 winner, 4 losers
Today's notes:
Improve scale in strategy.
Improve stop loss strategy.
November 17, 2020
4 winner, 3 losers
I entered two trades about an hour before market close on two stocks that had a long steady uptrend. Almost as soon as I entered the trades the uptrend lost momentum and the trades went against me. This can be seen in the last two charts below. Is it common for uptrends to lose steam like this towards the end of the day?
Today's notes:
Set stop loss
Improve scale in strategy.
Don't enter with strong downward MA Resistance on multiple time frames
Be careful trend chasing at end of day?
4 winner, 3 losers
I entered two trades about an hour before market close on two stocks that had a long steady uptrend. Almost as soon as I entered the trades the uptrend lost momentum and the trades went against me. This can be seen in the last two charts below. Is it common for uptrends to lose steam like this towards the end of the day?
Today's notes:
Set stop loss
Improve scale in strategy.
Don't enter with strong downward MA Resistance on multiple time frames
Be careful trend chasing at end of day?
November 18, 2020
2 winner, 3 losers, 1 breakeven
Today's note:
Be careful with overhead MA resistance
2 winner, 3 losers, 1 breakeven
Today's note:
Be careful with overhead MA resistance
November 19, 2020
1 winner, 6 losers
Today I seemed to arrive late to the party in almost every trade.
Today's notes:
Be careful entering when slow stochastic is overbought?
Failed 2nd breakout from flat top rising wedge (bearish indication?)
5 EMA pullbacks before entrance (exhausted?)
1 winner, 6 losers
Today I seemed to arrive late to the party in almost every trade.
Today's notes:
Be careful entering when slow stochastic is overbought?
Failed 2nd breakout from flat top rising wedge (bearish indication?)
5 EMA pullbacks before entrance (exhausted?)
I took a couple weeks off paper trading to do some intensive studying. I felt it was necessary. If you take a look at my Onenote strategy notebook you'll see that I've been busy. https://1drv.ms/u/s!Ag3p10maeR_bjEr8zI1BRLgu1rUX?e=V44aZe
I came back to paper trading today and felt more confident and had a better idea of what to look for in terms of entry signals and scenarios. I decided it would be more practical to do my journaling in Onenote, so I'll be sharing just a few main notes about my daily trades here in the forum with the link to the Onenote document if anyone is interested to see the trades.
Dec 14
2 wins, 2 losses, 1 breakeven
Improvement Notes:
Get sufficient confirmation for reversal plays
Give price sufficient pullback room – up to 50% of big initial move
See trades here: https://1drv.ms/u/s!Ag3p10maeR_bjFglZBBCOA3FZiPx?e=cP72wt
I came back to paper trading today and felt more confident and had a better idea of what to look for in terms of entry signals and scenarios. I decided it would be more practical to do my journaling in Onenote, so I'll be sharing just a few main notes about my daily trades here in the forum with the link to the Onenote document if anyone is interested to see the trades.
Dec 14
2 wins, 2 losses, 1 breakeven
Improvement Notes:
Get sufficient confirmation for reversal plays
Give price sufficient pullback room – up to 50% of big initial move
See trades here: https://1drv.ms/u/s!Ag3p10maeR_bjFglZBBCOA3FZiPx?e=cP72wt
Dec 15
1 win, 2 losses, 1 breakeven
Improvement Notes:
Adhere to stops
Only trade valid setups
Wait for retest of VWAP before entering VWAP breakout
See trades here: https://1drv.ms/u/s!Ag3p10maeR_bjFglZBBCOA3FZiPx?e=cP72wt
1 win, 2 losses, 1 breakeven
Improvement Notes:
Adhere to stops
Only trade valid setups
Wait for retest of VWAP before entering VWAP breakout
See trades here: https://1drv.ms/u/s!Ag3p10maeR_bjFglZBBCOA3FZiPx?e=cP72wt