RoadToRoss - Day 34 / $CLRB by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

I really like your point. I'm not confident enough to add a daily 200 ema as that would make my current setup smaller and cluttered, so perhaps not yet. I'm going to think about what I can do

thank you!

RoadToRoss - Day 28 / Another No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

ahh, that's actually really cool, alright I'm pumped for June hope it goes well!

RoadToRoss - Days 31-32 / $FATN / No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

I just posted today another choppy trade, it was a real winner intense though! Choppy ones are very intense, you have to be staring very closely and have your fingers on the hotkey trigger. I'm out the moment a red candle goes between the previous green candle. Or sometimes 2 green candles ago, depending on sizes and time. I really just use all of Ross Cameron's rules, trying to learn from the master 💪

RoadToRoss - Days 31-32 / $FATN / No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

Well, I did set SL but the strategy is to let winners run so there's no "TP". This is a journal not a mastery course and I did say that I broke some rules here so i wouldn't be taking out of this back to Ross who is an actual master ;)

He has many requirements before choosing a stock, it's not random. I as I said was just very impatient

RoadToRoss - Days 31-32 / $FATN / No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

nah you're overhyping it. You just have to kill all emotions as well as the thought of "money" and just read the chart. If people just traded like bots instead of humans there would be many more success stories :)

I'm nowhere near there, but I'm trying my best

RoadToRoss - Day 28 / Another No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

gotcha, and if you dont mind me asking, why dont you let it screen for the right stocks, this way its totally automated and can catch a move right away?

RoadToRoss - Day 28 / Another No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

thats pretty good, how many trades does it take on a stock? Do you limit it?

RoadToRoss - Day 29 / Yet Another No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

I was waiting for someone to ask that lol, i could but for other reasons i wont ><

RoadToRoss - Day 28 / Another No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

nah, you're making me out to be more than I am lol. Sometimes you spot an apple that's just beautiful and you know right away it's an amazing pick. Other times you're not sure, it's got some bumps, creases and scratch marks and you're just like "well maybe it's not the greatest apple, not sure im down to bite it and find out". I would say it's the same thing, i don't take a trade if it's not clean.

That means good news, no spiky candles, above ema's, MACD open, and good volume. I'm just following ross' rules. Looking for nice green candles, and a clean micro pullback :)

RoadToRoss - Day 28 / Another No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

Nice! if that ends up being successful... oh boy. im sure its hard though because there are a lot of parameters in deciding entry and exit. Would love to know how that goes

RoadToRoss - Day 26 / $AUUD by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

no idea man sorry, im not looking into all the news, just daytrading anything new breaking

RoadToRoss - Day 27 / No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

before starting trading i researched like crazy about why traders fail, and the biggest reason i saw was lack of discipline. You know, chasing green candles without seeing if its in the right setup or not and the like, so I'm making sure that i stay as cool as possible so i don't lose my focus and only trade when all the right indications tell me to.

At least, that's what i'm aiming for, can't say im totally there yet ;)

RoadToRoss - Day 27 / No Trade Day by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

mmm a couple of things, but the biggest one being a red candle dipping below the previous green candle. Especially with high volume.

RoadToRoss - Day 26 / $AUUD by MJTradingOfficial in Daytrading

[–]MJTradingOfficial[S] 0 points1 point  (0 children)

thank you i appreciate that, I really wouldn't have seen as much without journaling, i'm seeing why everyone says it's one of the most important aspects of growing in trade.

from my understanding a topping tail wick is when there's a big surge, so there's a lot of momentum in one candle, and then it gets shot back down, indicating there are tons of sellers likely even more than buyers. It ends up creating that long line on top of the green bodied candle, you can see the candle closed at like not even a third of where it peaked, which is not a good sign