10 Feb 2016

Just a quick post for today...
+ i'm reading the charts very well just not sticking to the plan laid out.
- plan is on point BUT i'm greedy and held on too long/not taking profits/not sticking to the plan
- could do more preparation prior to market open

TRXC 
Still fuming about the missed potential this morning (Japan Time) but went ahead and got in pre-market at 4.0 with the intent to sell at 4.4 prior close d/t nice uptrend in pre-market...  Reached 4.4 and noticed that RSI wasn't waning and a 100k+ buyer keeps getting hammered. If i had more than 1 day trade, this is where i would ideally lock in half my profits like yesterday and let the rest ride for an easy 10%, but since i only had 1 day trade, i sat in for the ride at 4.8 multi-year resistance... 4.8 resistance being tested and I knew with 100% that i was abusing it at 4.4 but i was jst being greedy at a 4.8 breakout... my head told me to close that position in for a 400$ but i held on due to greed playing off the 4.4 resistance as my mental stop loss... stock crashed from 4.8 > 4.4 so fast i didnt even see how the RSI/Resistance was doing since i wasn't paying attention to the chart and on my phone. Once 4.4 hit, i sold immediately and got filled at 4.36 using a market order for the first time. Even worse, I executed the stupid order for 400shares only, left with 100shares and no day trades left, fml..

On a positive note, it's nice being able to see how shorting would work in real-time.. I'm still too scared to short but from the seeing it from the short seller side, once it crashed to 4.4, I knew the chart was broken and it's a short seller's paradise, I watched it tick by tick... I'd short from  4.4 risking off 4.6, within two minutes and I saw very little support on level II from below 4.4 down relative to the ask size, it was only a matter of time.. This is the sweet spot to short at, Within a minute of it cracking 4.4, the chart crashed to 4 and even dipping thru to 3.87.. it held at 4 for a little bit and RSI is slowly resetting to 50 with almost no upward move on the chart, This is the Ideal time again to lock in half the profits and ride the rest cuz the chart for a short seller is still not broken and RSI shows selling is strong.. chart crashed another to 3.4 til bouncing off and consolidating... Paper trading this I would've easily caught 0.40 - 1.00 of a 1.40 crash 8-22% off a 28%ish crash.. the hard part is handling the emotions through the trade.

1200pm EST: ugh.. im supposed to ignore mid day but once everythings slows down, i get so accurate on seeing trend changes/strengths... Cup and handle forming around 4.. THIS STOCK HAS PANICKED TWICE and still has strength to push up ?!?!?!??!!?! RSI is on its side, I feel like its going to break 4. I wouldn't buy the breakout.. two days in a row i've seen breakouts fail in this horrible overall market, It's really best to stick to dip buying. breakout died just past 4 but slowly a mini-cup and handle is forming to breakout past 4.04.. RSI shows stronger strength.. It's a slow tug and war but every now and then a surge of buyers comes in.. I think if it breaks 4.04 and squeeze short sellers its got a shot to 4.2 and consolidate.

1230pm EST: Lulz.. short sellers got squeezed.. feeling unsure if i would've bought the breakout but i know my mind says not to and stick to dips -_-;; sigh... i need to listen to my head more.. I'd rather buy at 4.4 at a chance at R/G ..  but only at a dip after it breaks r/g and if today's volume is going to surpass yesterday's volume... I have no daytrades, but i really, really want to buy in if the opportunity arises... I still can't tell if the emotion of wanting in is a good thing or not.. As long as i formulate a plan prior to entering and sticking to the plan i believe it's worth the risk.

1400pm EST: I love RSI, before if looking solely at the chart i'd be scared. But RSI really lets me where the strength of the chart is in conjunction with support/resistance, Time/Sales, Volume, Level II.. The more indicators i use, the more accurate i am vs the traders in the chatroom.

Plan: If,
1) Volume picks up between 2pm-4pm
2) Breaks out 4.4 going red to green on strong volume
3) RSI shows an INCREASE in strength of buyers
4) Level 2 support shows tons of support at 4.4 on a dip after breaking out

Only then will i buy shares.... sheesh.. this prolly the most strictest requirement for indicators i've had but it feels good since i'll be more accurate. I will normally buy anytime between 2-4pm but since i'm out of day trades, i'd be more comfortable buying closer to the close with strength. Also, I'm still unsure of my position size... sigh.. 2 days worth of screwed up trades due to emotion and i really shouldn't go anything higher than adding another 100shares.. but if this hypothesis falls together, i'd be missing out... but then again, the biggest gain here is not the $amount i'll be making but the lesson and discipline i'm acquiring....

Buy 100 shares @ a dip as close to 4.4 as possible with an exit at tomorrow's open depending on how big the anticipated gap..


....... pfft.. i was typing out exits dependant on how well the stock gaps up but in reality i'd already have profits by then.... i'm getting greedy again.....
My exit strategy should flat out be: SELL AT MARKET OPEN.. For the sole reason that i have no daytrades left tomorow and have no control after the market open... Lock in profits tmrw early AM while i still can...

1430PM EST: Quick note on Volume, I've never really known how to use volume well.. other than hey, other traders say higher volume the better.. But now that i think about it.. Stock has been trending up according to RSI/Support/Resistance BUT.. i always thought of it as leaning towards there are more NEW buyers coming in.. but that's not how it feels like the stock is doing.. It feels like there's LESS SELLERS so the price is moving up... It seems like the same thing but now that i'm looking at it, the small differences/details really make the big difference because having more BUYERS is not the same as LESS SELLERS although they can have the same effect on the price action.... Different catalysts but same result so i always thought of them as the same... Hopefully i can study more studies on what volume really is/shows.. this is interesting.. With this new thinking.. I'm definetly not going to buy this even if breaks r/g and dips down to 4.4 unless strong volume accompanies it..

1430PM EST: Imma call it a day.. This stock doesn't exhibit the amount of volume i'd like in the afternoons this whole month so i'd rather focus on the valuable lessons learned today and call it a day. I'm still long 100 @ 4 and it's currently at 4.3 leaving me positive for the day at a measly 25$ (70 if it wasnt for the mysterious 45$ charge on my account).. It's not the 1000$ in my account feeling that i'd like.. but it feels more like i've learned lessons much much more valuable that 1000$ can't compare to. Don't focus on the profits, Focus on managing your risk and the profits will follow.....


THST
This I even admitted to a friend earlier that i shouldn't have chased this/NOT a stock i was watching since it was from the chatroom and i just wanted to jump along for the ride last night due to the earnings report.. the play is a BUY Earnings winners on DIPS ONLY !! yet i bought to chase the breakout.. so nuff said, i was still up overnight, damage control mode. The plan was:
Gap up big = Sell at market open, lock in profits and get out.
Gap up small = If low volume pre-market, sell at open. If good volume, might wait for a spike
Gap down = Sell at Market open and limit losses

What ended up happening was a Gap down + Non-existent volume pre-market and a downtrend. Instead of sticking to the plan and cut losses quickly, I HELD like a greedy idiot, hoping that the market would go up. I acted on how i THINK the market should treat the stock instead of REACTING to how the market is acting on the stock. What should've been a sell at market open for a 25$ gain which is AWESOME considering it didnt do what i wanted.. I held on and justified a risk at 1.5, the prior day's breakout.. oblivious to how the market was treating the stock.. It downtrended of course and cut my losses once it hit my mental stop loss at 1.5, used market order again, filled at 1.48.

Coulda woulda shoulda been 800$ yesterday became a 40$ loss due to greed
Coulda woulda shoulda been a 25$ profit on THST when i was WRONG on my hypothesis, but got greedy and instead lost 100$ (yet TDameritrade charged me 145$ wth..)
Coulda woulda shoulda been up 20% 400$ on TRXC 4>4.8 but got greedy.. One good thing though is that i stuck to my stop loss and was out at 4.4 for a nice 10% gain.. Shitty part is that I fat fingered 400 shares instead of my whole 500share lot... Sometimes the stupid numbers change in the platform without me CHANGING it.. its annoying and so stupid.. Need to double/triple check my orders prior to sending. So 3 day trades / 1 overnight trade later.. I'm actually breakeven on cash yet TONS of real-time lessons/mistakes learned.. Funny, I was so mad at being greedy earlier that i shut down the platform and was calling it a night 2hrs in.. But something reminded me that hey... i messsed up bad, but i gotta reopen the platform again and review where i coulda done better... Resiliency.. It's getting up there alongside Kaizen..

Lessons learned today in order of greatest impact:
1) GREED IS A BITCH, As superman always says, LOCK LOCK LOCK IN Profits. This past two days specially yesterday just made me a firm believer in locking in half my profits.. I need to adapt to not care if i miss out on potential profits cuz i've felt firsthand what it feels to make big gains but let it slip away due to greed.

2) Don't focus on the profits, Focus on managing your risk and the profits will follow.....

3) Need more preparation prior to the market day and have more conviction to stick to the plan and not how I feel.

In an overall market that's down and the majority of people are losing money... I feel really good being in the small percentage that's made money.. albeit 25$, no matter how small it is.. Gotta Sign off the day on a good note...

** Sykes jst released a really good video abouto TRXC which clears up something i've bn thinking on, what really is causing the uptrend? After a crash, yea there's a chance that people are still very bullish on this damn stock.. but after two crashes? in the same day and still uptrending ?? that's when i started to feel unease at my theory and chances are very slim that people are that naive to be bullish on a stock cause that doesn't make sense unless people are very very stupid which definitely is a possibility but not a higher probability than a "SHORT SQUEEZE" !! That makes so much sense.. i've never seen a short squeeze on a NASDAQ Stock much less in real-time !!.. it makes so much more sense why the volume is trickling down yet it's uptrending... This needs to serve as a reminder than i have to look at stocks from both LONG and SHORT to prevent myself from getting trapped by missing minute details.. funny how earlier i noticed that with the lack of volume there really wasn't an increase of buyers... but a LACK of SHORT SELLERS added with the fact that they have to buy to cover...  I've been so engrossed that its a cup/handle or ABCD pattern but it didnt make sense what was moving it with a negative catalyst such as a financing, so i just reasoned that there's alot of stupid people buying the stock.... I'm reading technical analysis of the chart great, but i need to work on unfamiliar catalysts such as news and how they affect nasdaqs.. only way to do so is watch more videos, preferably live webinars. Once i'm settled in my next location, i'll be joining the millionaire challenge for sure..

0713 Tokyo time / 1713 EST... Was on my bed bout to head to sleep since i've got work at 1300... Opened up my twitter that i haven't logged in for months to set it up for stock alerts from guys i follow.. TRXC biotech with positive earnings + buyout rumour from johnson and johnson released that it was gonna be diluting $4.35million its stock at a price of 3.39.. I frantically read thru the filing and tried at least 10 times to get out afterhours but spent another 15mins reading up my broker's manuals learning how to execute an after hours trade.... by the time i executed, i wiped all my days earnings amounting to 800$.. soo salty... talk about perfect catalysts and the 1% chance hits you... i'm still breakeven with THST, will prolly sell at market open at a gap up and reassess how i can be prepared for the market better as well as learning all the tools at my disposal... ugh....

1st Trading Day

** Inserted **
Monday i had actually prepared and setup for the market day and babysat for the whole day. There was no ideal plays i was comfortable with so i sat it out... Looking back i hated that i wasted a whole day.. Fast forward to feb 25 when i became impatient and forced a trade, Sitting the whole day out and not making a trade/staying in cash was the best position to have been in....

Had both of sykes/grittani's watchlist on hand. only prepared/researched the watchlist 1hr prior to opening and didn't get the chance to scan pre-market/market open. ** Need to work on preparing for the market day **. Missed alot of the charts, too many charts up on my monitor and not fast enough/no plans set for most of them. Finally focused on TRXC as a potential dip buy, Goal was to dip buy y@ 3.7, bought at 3.9 chasing it due to fear of missing out. Trading more like Tim G for nasdaqs on this one, set risk at 3.8 but was a bad initial assessment due to it not proving itself as support yet. held thru a dip to 3.75 which was a higher low. RSI learned from Connor's DVD helped me stay with my plan and not get shaken out of the trade. Held as long as i could tell that the trend is holding. From the chart alone, at multiple times it seems that the tend is not holding but with the RSI, it gives a better look at where the strength really is. Tim G's way of lessening his risk by moving up support levels helps ALOT as long as i really give support levels time to prove themselves... 4.4 held as resistance and held thru a dip that tested 4.15 which was my support level but it was a 25cent dip that really scared me but i held thru my plan and the RSI still showed as an uptrend. 4.15 grinded all the way up to 3.37 and finally after a long ass hour sold close to half my shares to lock-in profits. ** i'm really glad that this stock is a nasdaq and during mid-day (which i tell myself not to get into since its so slow/non-volatile) but it helped vs being in a OTC since it gave me the time to think out my thoughts/plan. I really need to have a plan setup prior to the market open if i plan to trade OTC because of how fast the moves are compared to nasdaqs. I feel really good that i've locked in profits, hat's off to Superman/Tim.G.. You can't go broke locking in profits, I really had to resist the urge to make it bigger, but it really is about risk management especially once your ahead. I need to adjust to lock-in half the shares faster that way i can have more risk to let the rest of the shares ride. Waiting on 2pm est to hit to see more volume.. The stock is currently going in a higher lows, lower highs channel, ** As much as i'd like to see the stock go up, I'm really fighting to keep remembering that it's not what i think of how the stock should act, but instead REACT to how the MARKET acts on the stock. It's not about what i think that counts, it's what the market thinks that counts. Humble myself or the market will humble me. Downtrend til 4.2 and im fine keeping my support level at 4.15 due to not feeling like there's enough volume yet, gonna wait more til 3pm to see how the stock acts/330pm to see a clear trend. I'm hoping to hold o/n if it closes near it's highs/doesn't break 4.15 in a overall down market, what more if the market opens green tomorrow? Hopinig for a gap-up play/spike.. if i hold o/n... it's gapped up every day the last 5 days however red on the day 3/5.. last few times it's spiked in the year was followed by another green day so i'm hoping for another gap-up/sell at open if the gap-up is alot or sell into a spike if a small gap-up to this multi-month breakout. this 180k seller is at 4.40 still.. Unsure of really what to do, but this is gonna be speculative from here..1453TS: RSI dropped to 50 while staying above 4.3 which is a VERY good sign.. So many people sold with the stock barely moving from the high.. Looking good so far.. 1456TS: RSI at 38 and STILL at 4.3.. cracked 4.3 for a sec but gonna see which support level holds.. the higher it is from 4.15 the better.. numerous support levels at 4.15, 4.2, 4.25, 4.3 but the big ones im comfortable risking are 4.2 and 4.15..

1540TS: the chatroom alerted earnings on THST breakout at 1.5.. chased a lil bit at 1.68 bought on a dip from 1.9.. plan is to hold o/n 1.6 or 1.5 risk and sell half at 2 and ride the rest or depends on how the market opens tmrw / news afterhours - buy on previous day hod.

I'm an idiot for holding 2 stocks o/n .. FML i really have to prepare alot for tmrw and tread carefully cuz i know im pushing my current capabilities..

January 8, 2016 HAPPY NEW YEAR !!

Still alive.. thanking the gods that North Korea hasn't bombed Okinawa yet. Anyways, had to put off studying for a bit from RL stuff, can't wait for my enlistment to end so i can fully focus on Stocks and with Forex trading as well.

Got Tim Gritanni's DVD and really tearing into the content down. However, with the Nasdaqs and short selling i might skip out on for now since i will not be trading with a similar account size/new trader and still not comfortable with short selling. Will really be focused on Breakout longs and multi-day breakout longs. We're due for a market correction and i don't see long setups favorable in the long-term but it's a simpler strategy and just right for me since im still starting out.

Got Connor Bruggeman's DVD

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Fun stuff.. so I ran across this part of his web lessons about a stock that i am very comfortable with seeing that it's easily a supernova/parabolic trade...

Sweet textbook supernova trade.. so i decided to due a little DD digging... CEO of the company is Martin Shkreli.. Googled the name and ha.. i instantly recognized his face and laughed.. Anyways,

http://www.bizjournals.com/sanfrancisco/blog/biotech/2016/01/martin-shkreli-kalobios-kbio-chagas-savant.html

His investors bought shares at 30cents.. the stocks ultimately reached to around 50$ish.. Rough estimate but a 1,000$ investment would've turned into ~150,000$ at the peak ;D.. Pure luck though, no strategy there, definetly not something i'd speculate on since SEC halted 3 times and the price lost 50% once the NASDAQ announced a delisting of the stock. Very unpredictable as well as the trader is not in control.. the pumper is.. Anyways just looking at the chart above.. A conservative breakout strategy is to buy at 16ish and sell at 19ish at the slight pause in the trend for a good 20%play.. far from 16,677% but i'll live..

Anyways back to Martin... i love this guy...
https://www.youtube.com/watch?v=NS9blbLrKv4
https://www.youtube.com/watch?v=2EXsVfiFbp8
http://www.valuewalk.com/2015/11/kalobios-kbio-martin-shkreli/
http://dealbreaker.com/2015/11/desperate-pharmaceutical-company-hits-rock-bottom-names-martin-shkreli-ceo/?utm_source=valuewalk.com&utm_medium=referral&utm_campaign=pubexchange

No f*cks were given that day.. complete thug life right there... props to him cept the fact that whether he intentionally/unintentionally inflated the stock price or not.. Too much heat got on the company enough that the SEC went ahead to investigate him.. If the inflation was unintentional and it was the market traders that caused the momentum just cause his investors might have had restricted shares and cannot sell for profit anyways.. Talk about pure Karma...

Aug 1

*** Placeholder, insert Tim G's webinar outcomes ***

Just a heads up, I've got a Leader/Patrolman Test coming up on the 10th, will be on the down low on stocks until it passes. Gotta shift my focus and start studying for that exam.. Ciao !!

July 28 Trading Day

SLOOOOOOW DAY.. so lame, so much for my birthday.. and for the first time, i actually did some hw/scanned stocks.. I missed the small panic/breakout on open to the spike on OGXI and ITEK.. >_> I had too many charts open and while they were in front of me, i couldn't clearly see the  candlesticks/the pre-market/previous day took up 90%+ of the damn screen... Missed the big moves so imma jst force trades on purpose for EXP and try scalping..

- OGXI
So lame 1000 Entry 3.65 Exit 3.72 70$ Playing without lvl 2 is stupid.. anways was using the T/S to somewhat get an idea of what's going on but this is just plain stupid now. I gotta remember that my best trades are from the big moves/breakouts/breakdowns.. Scalping is just stupid i say again without lvl 2 and these stocks are just too choppy for me intra-day atm..

- ITEK
100 Entry 17.45 added 100 at 17.58 Exit 17.63 23$
1000 Entry 17.82 added 1000 18.11 Exit 18.01 90$ No way i'd have this position in real life but wanted to exaggerate the trade. Missed selling into the resistance the 2nd time at 18.2 because of ... hey NO level 2.. Trading without a level 2 really is trading blind... I'm done scalping today.. bn 2days now and ST still hasn't activated my trial >_>...

Today really shows that im weak when there's none of my ideal plays on.. BUT both OGXI and ITEK gapped up and eventually broke out from open withh ITEK matching previous days HOD and OGXI spiking at least 10%.. Next time this pattern comes up. I'll be quick to lock in profits on the spike. I'mma try to stay awake today and watch these two.. I'm curious on how they will turn out in the afternoon. ITEK is now a triple top. Also IG is trending up higher highs, higher lows. I'm tired, Maybe i'll buy it on the breakout, maybe i won't.. We'll see.. Two days in a row now that the stocks i'm watching prior to open did NOTHING. Been doing well trading stocks i know very little about though, giving credit to the "trade the ticker, not the company" saying.. I need to study this strategy alot more up..

Stayed awake for the afternoon... WATCHING PAINT DRY !!.. Love it though, i prevented myself from taking any unnecessary trades.. No big moves in the afternoon... gg hf..

3 Trades (Scalps only, missed 2 big moves**Learn from this**) 5 Entries, 3 Exits, 100% Rate, 183$
Realistically, although i luckily came out positive, I wouldn't take these trades on a real account; I would've sat the whole day out.

- Kaizen

July 28 Japan Time

Was going to sit down and catch up on all the daily vid lessons, recaps from syke's trades but i've ended up going from blog to blog of successful traders. No regrets so far, i've been reading their thoughts through their blogs and i'm very thankful that they post their losses/mistakes so others can learn from them.. here's some of the newer ones that i really like and have the same mindset/thinking pattern with..

http://derricktrades.blogspot.jp/

http://nikkoricoo.blogspot.jp/

Funny, these two are younger than me haha.. I really like these two because they're both as hungry for knowledge as i was when i was their age. If i had just run into sykes/nathan/daytrading at that age instead of going the real estate investments route/Robert Kiyosaki/insurance+stockbroker mentors, my life would've been drastically different. But no regrets, i've learned alot through that route and it actually sets me up with the ideal mindset on tackling day trading. Looking back now and seeing alot of failed businesses and ventures, it was tough but slowly my money discipline is very very good. Unfortunately, that is also going to be my biggest challenge going into stocks. My overconfidence.. Thankfully, other traders do blog their progress and i can adapt myself into avoiding those same mistakes. Sticking to the rules and maintaining discipline is a MUST in trading and I'm prolly gonna make it a rule on myself to read/re-read other people's blogs at least once a month to ingrain the lessons they've learned from their mistakes since i have a short memory >_>..

http://averagejoedaytradr.blogspot.jp/

That and I get to see different trading styles and slowly refine mine to a specific niche..
Just realized it's my bday today.. Happy birthday to me !! haha, Best bday for me in awhile though.. I love being motivated about business/finance and i haven't felt this hungry for knowledge in years. Thanks for all the successful trader's blogs and for paying it forward by posting your progress. It might've not meant much when ya'll posted your blogs, but for this little guy stationed half a world from home (Texas, 'MURICA!!!).. reading ya'lls blogs, I haven't felt more at home than in years.
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Quotes from their blogs:

-  If you learn anything from this post, let it be the fact that you should never let yourself think that you need to make your loss back.

- I focus on 1 or 2 main plays a day for scalping or "swinging" intraday, and 1 or 2 plays in my swing account that do not need to be monitored constantly. The swings don't take up very much mental energy; I just check the 15-minute charts a few times a day to make sure they aren't doing anything crazy. Of the 1 or 2 stocks I am day-trading, I typically let them play out for at least 10-15 minutes into the open. Could I make money scalping those first few minutes? Sure, probably, but it's not worth my mental energy. I don't want to catch every single minuscule move on a stock just to make a quick buck. I want to take a chunk out of the stock, not just a .02 scalp on FB or TWTR. I don't need to milk every single move a stock makes. I only need to take the ones that I have strong conviction in, and can size the hell in. And I can still make more than Jack makes trying to scalp the same stock all day.

Just about every day, I get to walk away from my computer with plenty of mental energy, satisfied with my trading, and not stressing about how I missed a big move in a stock. This is a big problem that I noticed when I was struggling trading, and with a lot of newer traders. People constantly complain about how they missed a big move in a stock, or covered too early/sold too soon. This is unhealthy for your mindset and makes you feel bad about yourself, which then makes it much harder to feel confident in your next trade or next trading day. At first I just tricked my brain into enjoying missing moves on a stock. Always feel confident in every move you make. If it keeps tanking, just think of all the stupid chasers who are long and losing their ass. Think of something that can get your mind off of the negativity you feel about yourself for missing. Sometimes if I am waiting for the next pop on a stock to get short, but instead it just takes another leg down without me, I literally get up that moment and walk out of the room. Then I’ll take some deep breaths, gaze out of the window, and clear my mind. Then when I sit back down at my computer, I feel centered and not upset for missing a play.

- I own them, they do not own me.



- Kaizen