WEEKLY RECAP: May 15-19

Pros:
1)  Did NOT OVERTRADE

Cons:
1)  Applied WT Style scalp on Higher priced stocks = whipsawed back to VWAP.
---- Chased AMD on Tuesday, applied WT Style to IU Style stock
---- Chased NVDA on Thursday, applied WT Style to IU Style stock
---- Chased NVDA on Friday, applied WT Style to IU Style stock and now a bagholder !!!!
**** WT Style = Quick in and out, Make sure you're not extended on the 1min/5min/MA/VWAP
**** IU Style = Buy/Short based on VWAP

2)  Let other's analysis affect my trade
****I can keep the chat open to use the scanner/alerts but NOT to use other people's analysis.

3)  On Friday, I still oversized my position on the last FOMO NVDA trade.
**** Take the time to assess the trade prior to making the trade like I'm SUPPOSED TO !!!

4)  On Friday, I snowballed emotional trades one after the other.
**** Take the time in between trades to assess my emotional state like I'm supposed to.  It's much more controlled this week vs. last week but I'm still jumping from emotional trade to another.  I thought up of a system/having an emotional thermometer beside my monitor--but I still haven't implemented it yet.



This week was much more solid trades and didn't overtrade.  The biggest takeaway was realizing how to separate/distinguish which stocks I can use WT Style vs IU Style trading.

My main goal for every week for the next month NEEDS TO BE APPLYING the systems I've thought of this last month.  I've been good at learning from my mistakes and coming up ways to prevent them.  My problem is that i've been winging trading and haven't been applying the systems causing me to repeat the same mistakes from before.

MAIN GOALS every week til end of June:
1)  Risk Assessment and Pre-gaming/Picturing the trade mentally PRIOR to the trade.

2)  Emotional thermometer beside my monitor to remind me to assess how I am BEFORE/AFTER each trade.

3)  If I'm in a trade that I am not COMFORTABLE with.  GET OUT !!

4)  Don't MIX WT Style vs IU Style and Day Trades vs Swing Trades

TNXP, GLYC, NVDA

TNXP

I FUCKED UP, this is the 3rd time this happened now.  Ross Commenting on PTX where it blew through my stop loss when I adjusted it according to what Ross said.  I also went in JWN last week because of what Mike said without fully assessing the setup.

Ross said something about breaking 5 and I was looking at other charts.  Anyways, I swapped to TNXP and briefly looked at it and as soon as I clicked BUY, I KNEW i was wrong.  1min/5min candles and VWAP were waaaay too far, I should've gotten out immediately but gave it a few secs.  As soon as it was unable to reclaim 4.8, I knew that that momentum shifted even before the MACD confirmed the trend change and got out my loss before it spiraled out of control.  I ended up turning off Ross's Webinar so I can concentrate on the stocks i'm looking at.

*** One good thing though, I'm starting to stare less at the MACD and seeing more on just the Chart/Price Action/Tape.

Lesson Learned:  NEVER listen to anyone else's analysis.  I can keep the webinar on ONLY to have access to the Trade Ideas scanner and heads up on anything moving but NEVER to anyone else's analysis.

GLYC

I was pissed about TNXP yet I still didn't take a timeout/breather in between trades >_<.. Anyways, This was the stock I wanted to watch at the open and it sold off so I was waiting for a red to green move.

1st Trade - BUT since I was in the TNXP, I missed the buy as it was breaking VWAP and went FOMO on it at 13.11.  Fear kicked in and I locked in my gains since I knew I was chasing it at 13.11.  I sold it WAAAAY EARLY and this is the first time I've ever done that since usually my exits are on point.

2nd Trade - I shorted but I can't remember why, since I didn't assess my risk and set a stop, I got stopped out emotionally.  This would've been a really well timed short if only I stopped and assessed the trade and set a risk so that I wouldn't have gotten stopped out like an idiot.

3rd Trade - After I stopped out, a chain reaction of emotional trades spawned--I bought on emotion and instantly knew I was wrong after it dropped 60cents wiping out my gains from earlier. FML..

I KNEW that the momentum is dead and a good 1st profit target for a short was VWAP and possibly even lower since this was up so much for two days.  I tried to get filled  from 13.6 > 13 but couldn't get filled.

4th Trade - I gave up trying to get filled and started to get errors trying to cancel this order I had at 13.  It spiked to 13.2 and I restarted my platform.  When I relogged, the order got canceled but a few mins later it showed that I had 100shares short at 12.87 which was awkward since I didn't set a limit that low but whatever--the price was already below 12 and I was close to 100 green ;D.  It popped over 12 and I covered at 12.21.  It kept on going down but I'm not gonna complain about getting free money.

NVDA

Emotional trades one after the other.  I sold a small o/n long i had Pre-Market when it looked like it was having trouble at 136.50. I shouldn't have touched this at all.. Meddling my swing trade into daytrades ends up cutting my profits short.  And the opposite goes true, my daytrades turn into swing trades to make my losses go big.  Anyways, for SOME ODD REASON, I top-ticked bought it on HOD like an idiot thinking i'll scalp a bigcap stock... >> Fast forward: My last lesson on using WT Pro style on bigcap stocks.  I'm currently a bagholder like an idiot to teach myself a lesson.  This is exactly the same mistake I did yesterday.  FML !!

GLYC

GLYC

Warrior Trading Style vs Old Style Update

WarriorTrading Pro Style vs Old Style

My biggest con with the WT Style is that it leads me to mimic the b/o of candles/1min micropullbacks to the higher priced stocks/bigger cap companies which JUST DOESN'T WORK and indulges me to scalp/overtrade which at the moment snowballs into revenge/emotional trading.

My 2nd biggest con is that it works on smallcaps but there will be entries where it will just whipsaw you past your arbitrary stop loss point as shown during Ross's March/April troubles during a non-bull market.

This last 2-3weeks, I've been playing more higher priced stocks with market caps $10-$100+ Billion dollars.  I feel much more comfortable playing these except for the fact that it makes me feel like the money and time i've spent in WTPro has been useless for the moment.  I know in the long run, WTPro is worth it as the content really is worth it, it's just that the style is just not for me at the moment.  I will be applying it once we have a hot market like a sector play or the January effect again though.

On 10 May 2017, I had 100 shares NVDA with avg of $111.6 to start the day.

On 16 May 2017, NVDA Closed the day ~$137

Instead of gaining ~20%-37%, I only got 3-4% of it...

NASTY Lesson... Biggest opportunity cost was the fact I tried micromanage/scalp NVDA positions instead of just swinging it.

I'm still going to be trading the style as planned til end of July but with an even more restrictive set of parameters and no more 1min micropullback trades.

AMD/INTEL/Nvidia Rumor and Manipulation

There's so much conflicts of interest in my opinion with analyst upgrades/downgrades and obvious manipulation when you read the tape.  This rumor from last year regarding Intel-Nvidia license agreement has resurfaced and is spiking AMD stock yet again even while the market is crashing from Trump/White House news of classified information being leaked to Russia by Trump.

Here's my thing, I remember reading the agreement a few months ago and the way I interpreted it is that Intel has access to ALL Nvidia patents PRIOR TO MARCH 31st, 2017.  Afterwards, any patent registered by Nvidia after said date is off-limits to Intel.

People are having the idea that ALL Nvidia Patents will be off-limits after March 31, 2017.  My biggest thing is that Intel STILL HAS access to Nvidia's Pre-March 31st patents and those technologies will still take a year or so to become obsolete to newer products.

I can't believe how there's so much sheep actually believing this and the fact that big name websites/sources are running them via copy+paste.  "AMD-Intel Deal as reported by Blah blah blah". IT'S NOT EVEN CONFIRMED by either AMD/INTC/NVDA yet their stocks are taking the spikes/hits.  It's sad to see that even with all the SEC Oversight, rampant manipulation is not just in penny stocks/smallcaps but in big names as well.. It's just more hidden....

This is just like when Goldman Sachs crashes AMD Stock just so they can purchase them at a discount >_< or Downgrades/Seeking Alpha posts Crash NVDA stock back in february/march saying earnings will be down when earnings was a full blowout instead. Bleh...whatever.. 3 out of 4 actively managed Mutual Funds fail to beat the indexes and that same ratio applies to analysts... So many professional idiots out there.... i really don't like investing anymore.. As a trader, all I need to care about is volatility and managing risk.

AMD, NVDA, SORL, WB

NVDA

AMD

Shitty adds due to FOMO is coming up.  It's new that I've started to add into trades that are working, the problem is that the entries on the adds are sooo bad.  I end up stopping my whole position out which is better than what it was in the past where I would let it get to breakeven and lose all profits.

WB

I Missed the entry I wanted and froze.  I didn't want to chase and go for a pullback since the price is still extended from the 1min/5min VWAP/MA.

WEEEEIIIIIBOOOO....  Chinese social media Facebook/Twitter hybrid.

SORL

The only Warrior Trading style trade of the day. Bought at the green arrow and sold 1/2 on 1st red arrow and rest at 2nd arrow.

WEEKLY RECAP: May 8 - 12

8 May

FEYE

Can't remember what happened... Profit.ly is averaging all my entries and exits and I didn't write down anything after the trade except to screenshot the chart.  Will start adding a quick synopsis after trading that day and then doing a weekly review on the weekends.

KTOS

Green trade but commissions made it red. 200 shares size is too small. 400 is the lowest I'd go so I'm not sure why I decided to go 200 that day.  I need to make sure that I appropriately size my positions, not too big but not too small that the commissions eat me alive either.

10 May

NVDA

Am getting better at sizing in / out of bigger priced NASDAQS, the problem i'm having is that using the WT style, i'm confusing styles and end up scalping instead of basing it off the bigger move.  This should've been a swing long.. Sell half on the AM spike and hold rest/dip buy off VWAP.

PRTO

5 cent tick.. Chased my entry, shouldn't have done it pre-market and waited til open to see more volume.  Gap and go setup but wait for open on 5cent ticks to see better price action with the more volume.

MTBC

I entered on a 1min microPB.  Sold half and rest blew through my stop at breakeven.  My % on 1min PB and Micro PB have been really bad since i've been entering so far from the VWAP/MAverages.  I'm most likely going to limit trading these only during hot markets/sector plays and focus more on the other setups.

11 May

NVDA

My worst day ever and what I've been dreading from mixing WT style and My own style.  This feels exactly how I first papertraded and kept on scalping.  Buy high just to panic and sell low.  FOMO > Short low then panic and sell high.  I traded off emotions and nothing objective/supports and resistances.

I started the day off bad being -$100 realized then regain composure and getting up to $300 green realized.  The problem was that I had to go double my size.  I had called it quits right there and then but the stock kept on going higher and higher... but at the same time pulling away from VWAP.  FOMO kicked in for some scalps and I kept scalping well until EOD.

Mixing the scalp with longer TF, I had an entry of a scalp but with the exit goal of a swing/overnight long.  The BIG PROBLEM was that it was way off vwap and I'm in the trade well before power hour with very little volume to find out where the trend was.  I ended up getting stopped out well past the ideal scalp stop loss.

I fat fingered a short while stopping out and ended up covering high like an idiot.  I was trading off emotions and couldn't think clearly.  Stock closed well towards vwap and would've made money off the fat fingered short but I was in too heavy and just wanted out.

Tried to dip buy a falling knife.. One mistake kept snowballing into another mistake = revenge trading.  I included the share sizes in this trade just to show how bad doubling up / revenge trading went on the day. I ended the day -$300.

12 May

NVDA

Solid trades, kept composure and based trade off VWAP.

JWN

This I got off mike's alert, looked good to short but was too quick to jump in and not assess. RSI was oversold on both 1min/5min and was on it's 2nd down day already.  I should've expected another reset before resuming further fade.  Got stopped out.

SGMO

I had wanted to trade this 5cent ticker since I got a better idea on how to trade them from the idiotic PRTO trade.  Problem was that I was in NVDA at the time it was flagging.  I entered for the ugly F3 EOD flag/pattern but got stopped out at a point where I didn't plan on getting stopped out.  Lesson learned on 5cent ticks, is to set it a cent below where the level you want to get stopped out at.