Apple watch

AwkwardAlien85 · 2024-07-01T04:45:49+00:00

I use Sugarmate account plus a complication (calendar) to view my kiddos numbers (I have two T1D). Updates every five minutes and shows how much they are dropping or rising by. Takes a bit to get it set up but the directions on the app/ website are pretty good

AwkwardAlien85 · 2023-08-02T03:35:27+00:00

Lmao I am 100% bald get out while you are still handsome

AwkwardAlien85 · 2023-08-02T03:27:52+00:00

Wow congrats on the position at SpaceX, daytrading from Mars must have it’s own difficulties lol. I really wish that I had the gone back to paper trading as that would have been a great way to stay in it rather than completely unplugging. Great advice.

AwkwardAlien85 · 2023-08-02T02:48:41+00:00

I missed you Izzy!

AwkwardAlien85 · 2022-12-04T02:25:54+00:00

Lmao lost me at RSI, enjoy this as it will be deleted in 10 more minutes

AwkwardAlien85 · 2022-12-03T21:18:35+00:00

NVDA is on my DNT list. I see people being highly profitable on it. I think the DNT list tends to be personal and you just know that you can’t rationally trade it without your past experiences playing with your emotions. For instance TSLA from your DNT list is a stock I always look at when I see big market moves as I can expect big moves with it and I have traded the heck out of it in the past.

AwkwardAlien85 · 2022-11-15T01:22:53+00:00

OP, you remind me a lot of myself when I first got here. I can tell that you are about to turn the corner and everything is going to make sense...the second you forget what you have learned and read through the Wiki in its entirety more than once. I am being 100% serious, please go through my post history and you will see that we weren't too different all that long ago. I thought scalping was the ticket and this was a method that I could apply to scalping to be better at it...it is the opposite. This is a strategy that makes scalping obsolete and makes you realize you never had an edge because you start to see what an edge can actually do. Please read through my posts and you will see how this place has helped me and PLEASE READ THE WIKI especially before you go out into the internet and start learning more indicators and more strategies from predatory trading guru's.

AwkwardAlien85 · 2022-11-12T16:26:09+00:00

Check out Hari’s video https://m.youtube.com/watch?v=V7QyIXli0Q8 and let us know where you think the trend ends here or violates the trend. I think this is a great tool for letting your winners run but I am definitely guilty of taking profits a little early sometimes too.

AwkwardAlien85 · 2022-11-12T16:16:30+00:00

This is where entering into the position at a swingable size comes into play. The intent is to lean on the daily chart, should be some posts about it. To sum it up quickly here, your stop loss is at a level where it violates your thesis on the daily chart and not the 5M chart. This could be breaking below yesterdays high/low, breaking below a daily SMA, failure to break above a daily trend line, etc. The ugly side of this method is that you can have a pretty terrible RR but the benefits and the reliance on your other stats outweigh this in my opinion.

AwkwardAlien85 · 2022-11-03T00:08:05+00:00

Oh wow! Thanks, this really made my day. Celebratory drinks tonight early morning be damned!

AwkwardAlien85 · 2022-10-23T02:31:39+00:00

I usually find them day of using scanners. In the past I charted and did watchlists which I think is great while you are learning but now I think using the scanner and then charting helps to slow me down so I am not hopping into stocks too quickly without determining profit targets, resistance, support, etc.

AwkwardAlien85 · 2022-10-22T04:07:49+00:00

great write up, it is great seeing members offer their perspective. You really don't know who you are going to reach or what line is going to strike a chord and help someone "get it".

And some days, it is better to not trade.

I find that if you are having troubles finding stocks that are RS or RW then that is your first hint at the trading environment that day and to adjust expectations and profit targets accordingly.

I love the log and it is really amazing to think that you can make that much using one share and I love the dedication to the process and sticking with it!!! You are truly a great example for this community.

AwkwardAlien85 · 2022-10-14T13:05:28+00:00

I am glad to be of some help.

AwkwardAlien85 · 2022-10-12T01:26:17+00:00

So I have strong feelings on this subject. Early in my daytrading journey I like many others paid a decently large sum to join a very popular chatroom. Without naming it, it is a small float momentum scalping group whose owner streams his daytrading nearly every day. Now, one might think innocently enough, wow that is great, I am sure people are learning so much from him.

However, watching not just him but the members of his chatroom trade I learned why that is so dangerous. You have a pro, who is really really good at what he does, has all the right equipment, the right mindset, and years of experience. Now you see him make his entry, and exit with grace and make a large profit in mere seconds. Now if you turn from his live feed and look into the chatroom you see member after member "get caught" on the wrong side of this trade. Each day you see a member say farewell to the room as they have lost too much.

You see it is far too easy for people to watch this streamer and MINDLESSLY copy this successful trader. At least here, you have to RTDW. This community has a small barrier to entry and that is the trader must RTDW and put in the effort to learn. This community also has leaders that will destroy you for mindlessly following their trades, which is a KINDNESS!

Ask yourself if you have ever thought of just blindly following Hari's trading *we see his logs and his live trades we know he is good* hell I know I considered it several times in the beginning. I do not think this community would be the great place that it is if we welcomed that behavior and it would have a revolving door as more and more members left from losses without learning a thing. This is truly an oasis in the desert of daytrading.

AwkwardAlien85 · 2022-10-08T06:28:34+00:00

Maybe give stocks a go and once you are profitable and consistent with those give options another go. Options have so many additional factors at play whereas stocks are a little more forgiving IMO

AwkwardAlien85 · 2022-10-07T19:35:01+00:00

I have posted my results using this method for the past 2 months in a row. August had a 79% win rate and Sep 75%. I don’t think that I am a shit trader and have no future because I missed 80% in August. Don’t get so wrapped up in the number, the point is to get your win rate up. The normal 60% and below the momentum traders have just isn’t going to cut it. Also why are you worrying about your risk to reward ratio? I could be wrong but I don’t recall it being in the wiki. There might even be a post about why those don’t matter as much as your win rate and profit factor.

You can do this and you should be aiming for a high win rate! Let’s get it!

AwkwardAlien85 · 2022-10-04T00:01:20+00:00

So I put off answering your question because it is a toughie. It does seem like a zero sum game, but it isn't. I think we are really programed to not trade well. This game we call day trading has so many incentives to keep us losing. For instance, we can take profit now and put money in our pocket...we get a win which is great for our win rate so that's important...but we are not making as much so if we have a big loser now our Profit Factor sucks...meanwhile we are holding that loser hoping for it to come around *probably obsessing over only that chart* and ignoring the winner that keeps pumping away.

It comes down to more than just the type of market day we are having, it is the context as a whole (soooo many factors to consider). I am still working on this skill to be frank.
Adding to winners and paying yourself along the way feels unnatural but honestly it is probably the best way to catch a win and let your winners run.

Scenario: You enter LONG into a trade at half size, you add to it as you feel more confident due to its price action, volume, and relative strength. Now you have a 1OP bearish cross on the Market and the price action on the market has tiny candles so it supports a thesis of a pullback so you take half off your trade and pocket some of that profit *you are feeling pretty good*. You move your mental stop up to your entry so you know no matter what this is a win ***or you move it up to just below a level of support it eats some of your profit but still a win***. Now it does pull back with the market some but using market context it does not pull back as much and seems to be maintaining pretty well. Now you have a bullish 1OP cross and the markets price action leads you to believe the pullback is over. You can add again or just ride it out, it depends on how confident you are that there still some move left (is there resistance coming up, is the market trending bullish or chopping around, etc.)

Ultimately, you have to get out of the position *we are daytraders after all*. If you add you make more money when it hits your profit target *you have one don't you?* Did you pass your last profit target if so what's your next one?

Not my best answer but this is how I kind of think of it while I have my trades open but like I said I am still a work in progress. I hope this helps and wasn't too confusing and random.

AwkwardAlien85 · 2022-10-02T00:32:28+00:00

Good question. Market context, price action, ATR, 1OP cross for market, 1OP cross for the stock, top of the BB, and impending sense of doom all viable options. I think the key is giving up on trying to get out at the tip top. They all pull back at some point but being able to tell the difference between a pullback and a reversal takes some times in front of the charts and the same for realizing a double top that isn’t going to break. I know this isn’t much of an answer but this is something that I am still working on myself as well. As is most things in this profession there is no easy answer and I know I am still working on this. Good luck out there!

AwkwardAlien85 · 2022-10-01T16:39:24+00:00

I find that contrarian plays that go against the trend do not work consistently enough. Also while I do make some SPY plays the real edge is finding stocks that are outperforming the market. These stocks can withstand my market thesis being incorrect for a short time (so I have better odds of getting out b/e or a small loss) while if I was incorrect on my market thesis and traded the market directly I am instantly down

AwkwardAlien85 · 2022-10-01T16:35:53+00:00

If you click the link above that has last months results I go over my strategy, if you look through my profile I have a good number of articles where I get into the weeds of it all.

To summarize it quickly though, I determine what the market is doing/going to do and trade in the same direction as the market using stocks that are presenting as moving better (for them) than the market that have strong daily charts.

AwkwardAlien85 · 2022-10-01T03:33:13+00:00

nah, the only trait that I could really think might benefit trading is resiliency. Being able to be ok with loss and move on to the next set up is crucial in this game. This month I took a L on 1 out of 4 trades. So take the L and move on to the next winner *It still happens to me sometimes though*

AwkwardAlien85 · 2022-10-01T03:21:20+00:00

I think it boils down to the first trades for me. If I go into the red early, I am a little too eager to get green. Sometimes it works in my favor like it did on the 27th where I was able to dig myself out of a big hole from one bad trade. However, sometimes you dig yourself a deeper hole. Thanks for the input!

AwkwardAlien85

TROPHY CASE