Sticking to known patterns ORIG, UNXL, LGCY

It's funny... We learn/know things but we really don't LEARN/FOLLOW them fully until it affects us in a way that forces us to change ourselves in order to either benefit ourselves to prevent harm. There's a huge difference between KNOWING something and DOING something about it.

For example, I know i should only be sticking to known patterns that i've been successful with for now. That i should stick to the 1 or 2 plays i know best and master them to the maximum extent as possible before moving on to learn a new type of play. If I do play a play outside my comfort zone, my rule is to backtest it first and paper trade it at a minimum of 3-5 times to make sure the strategy itself is legit and possibly experience the emotional uncertainty I anticipate going through while in the trade.

But what has been going on this past month? My known/best plays that I've traded have been:
1) Buying dips/anticipating gap-ups nxt day using the ABCD/F3 pattern/FOUS Survival Patterns
2) Buying intraday/multi-day/multi-month breakout FOUS Force patterns

The last two trades i've done have been more focused in the market open which i've studied through the FOUS F1 pattern and a very tiny bit through a gap+go scalp. I get the strategy but applying it is a whole different thing. I'm nowhere close to being proficient in it yet i've been using real funds on something i have not papertraded trades in real-time to. I've been breaking rules left and right here. Whats even worse is that i've been trying to fit the pattern to me instead of finding the right market open pattern that I fit with.

http://averagejoedaytradr.blogspot.jp Ed Martin's blog
Chat moderator at Warrior Trading and he mentioned being activein Investor's underground at some point.

I've really been reading his blog in depth this past month, read it at least three times already and i will be mostly using a modified version of how he trades the open. Ran into more videos and read alot into how to trade the Opening Range Breakout play. Funny, how different strategies by different gurus are actually very similar patterns but with just different names... The thing that really attracted me to how he trades the ORB vs how i've been is that he gives the chart time to form and looks for a specific criteria before he trades it. Since the market open types of trades i've been exposed to so far has been the gap+go from DTW (which moves waaay for me) and FOUSF1 (which is horrible for me because i've seen him call 2-3 1minute candles as a breakout to as far as a 1hr timeframe). Ed Martin chooses only to trade them i believe when the chart has at least 15mins.

I'mma keep these as short as i can

ORIG

Positive Catalyst, Nice midday survival/F2 Pattern, had AH/Pre-market activity, Gapped past 200day MA.. F1 breakout of pre-market high or 30min ORB.

LGCY

Positive Catalyst, Nice two-day survival Pattern, had AH/Pre-market activity, Gapped past 200day MA.. F1 breakout of pre-market high or 30min ORB.

UNXL

This one was a meh, Positive catalyst, clearest Intraday FOUS Survival pattern though, had AH/Pre-market activity. This was the only one that gapped and crapped, reinforcing the need to have a specific criteria in place if i want to buy at market open and not just blindly buy at market open. 15-30min ORB worked for the other two so i will be focusing on a F1/Triangle/ORB play at that timeframe.

Overview and Random similarity

2 out of 3 Gapped and had F1/ORB pattern type of plays. 1 gapped and crapped which is reinforces why i like being in the stock the previous day in anticipation of a gap-up AND a need to have a specific criteria in the morning to play and not just blindly buying at open with the hope of a spike.

Just wanted to include this... 2 different types of catalysts but the peak and troughs of ORIG and LGCY are almost exactly the same up to +/- 30 minutes. Its so weird at how similar the charts turned out. Still somewhat of a F3 but very choppy, not clear and will not be in. If there's no AH/Pre-market activity, I expect these to to just fizzle/die out and maybe even fade back down.

Closing Remarks/Immediate Goals:

 Almost all my mistakes have NOT been because of the market but because of my inability to stay disciplined and stick to the rules my mentors and I have formed. The goal is to quell/defeat/ELIMINATE this enemy of mine that is being an undisciplined trader. Self-Sabotage is a bitch. So for the next 2-3weeks, I will ONLY be trading the 2 plays i've been successful with and  papertrade using ORB 15-30minutes after the market open to get more experience with it. I will also try to control myself from a new term i've came up with, Zombie Trading =D... Trading when you are in mental functions are compromised, making sure i'm in good physical/mental health prior to market open as well as having done my homework and being well-prepared vs rushing to get to the market open.

For the next 4weeks:

1) Trade only the 2 setups i know

2) Paper trade F1/ORB setups

3) Make the trading binder i need with all appropriate QRC's (quick reaction checklists)

4) Finish Trading in the Zone within 2-4weeks and start on Market Wizards hedge fund traders on Audible

5) Slowly start doing TriForce Trader's Homework. It's very very complex relative to the strategies from IU/Sykes/FOUS so i really need to take it slow and make sure that I don't overwhelm myself and fall in love with overstrategizing/over-use of indicators.

6) Slowly adjust from My current VWAP+9/13EMA+5/35/5 MACD+MAW/HMA/SMA setup to the Ichimoku Kinko Hyo setup. Funny how i use the area that the multiple MA covers is almost the same to how someone would use the area that the cloud encompasses. The MACD intervals are basically the same as the Ichimoku's cept that Matt owens has an 18/52 type setup and i would use a 5/35/5. One thing that i really like is how the ichimoku uses highest highs/lowest lows in its calculation instead of just the closing price which i believe results in a more accurate and precise measurements. I anticipate having a much faster analysis/easier more efficient use of mental energy once I fully convert my trading to the Ichimoku Cloud.

7) ** I haven't been on a consistent sleeping schedule this past month due to EOC/PCS Outprocessing/Work schedule. I need to really, work on having a consistent process on preparing for the trading day if i can expect any sort of consistency in my trading itself. If i'm ever sleep compromised, I will not be a Zombie Trader !!

AAAAannd... as much as i think his marketing is a little too much for me... and as much as i've heard him repeat these damn rules/lessons of his.. I still have problems fully implementing them... It's not what you know but how you apply the knowledge that counts.. http://www.timothysykes.com/2016/04/5-lessons-today-best-day-2016-far/

Trading in the Zone: Mark Douglas

So i've started using Audible and started to listen to recommended books by Triforce Trader/lx21. Small Exerpt on something that hits close to home.
* Skip down to the important stuff to bypass this wall of text*

... when he finally did lose, he was in a probably in a state of mind where he least expected it. Instead of assuming that the cause of pain was his erroneous expectation of what the market was supposed to do or not do. He blamed the market and resolved that by gaining market knowledge, he can prevent such experiences from occuring. In other words, he made a dramatic shift in his perspective from being carefree to preventing pain and losses. The problem is that preventing pain by avoiding losses can't be done. The market generates behavior patterns and the patterns repeat themselves... but not every single time. So again, there is no possible way to avoid losing or being wrong. Our trader won't sense these trading realities because he is being driven forward by two compelling forces. One he desperately wants that winning feeling back. Two, He is extremely enthusiastic about all the market knowledge he is acquiring. What he doesn't realize is that despite all his enthusiasm, when he went from a carefree state of mind to a prevent and avoid mode of thinking. He shifted from a positive to a negative attitude. He's no longer focused on just winning but rather on how he can avoid pain by preventing the market from hurting him again...
... Learning more and more about the markets only to avoid pain will compound his problems because the more he learns the more he naturally expects from the market making it the more painful when the markets don't do their part. He had unwittingly created a vicious cycle in where the more he learns, the more debilitated he becomes. The more debilitated he becomes, the more he feels compelled to learn. The cycle will continue until he either quits trading in disgust or recognizes that the root cause of his trading problems is his perspective, not his lack of market knowledge. Winners, losers, boomers and busters.. It takes some time before most traders either throw in the towel or find  out the true source of their success....
... They haven't yet learned how to counteract the negative effects of euphoria or how to compensate for the potential for self-sabotage. Euphoria and self-sabotage are two powerful psychological forces that will have an extremely negative effect on your bottom line. But they are not forces where you have to concern yourself with until you start winning or start winning on a consistent basis and that's a big problem. When you are winning, you are less likely to concern yourself with anything that might be a potential problem. Especially something that feels as good as euphoria....... It's when you're winning that you're most susceptible to making a mistake. Overtrading, putting on too large of a position, violating your rules, or generally operating as if no prudent boundaries on your behavior is necessary, you might even go into the extreme of thinking that you are the market. However, the market rarely agrees and when it disagrees, you'll get hurt...
... Huge losses resulting from either euphoria or self-sabotage. Everyone seems to have a different threshold for when overconfidence or euphoria starts to take hold of the thinking process. However, the moment euphoria takes hold, the trader is in deep trouble. In a state of overconfidence or euphoria, you can't perceive any risk because euphoria makes you believe that absolutely nothing can go wrong. If nothing can go wrong, there is no need for rules or boundaries on your behavior. So putting on a larger than usual position is not only appealing.. it's compelling. However, as soon as you put on the larger than usual position, you are in danger. The larger the position, the greater the financial impact small fluctuations on price will have on your equity. Combined the larger than normal impact of a move against your position with the resolute belief that the market will do exactly what you expect and you will have a situation in which one tick in the market opposite of your trade can cause you to be in a state of mind-freeze and become immobilized. When you finally do pull yourself out of it, you will be dazed, disillusioned, and betrayed. And you'll wonder how something like that could have happened. In fact, you were betrayed by your own emotions. However, if you are not aware of or don't understand the underlying dynamics just described you'll have no other choice but to blame the market. If you believe the market did this to you, you'll be compelled to learn more about the market in order to protect yourself. The more you learn, the more confident you naturally become in your ability to win. As your confidence grows, the more likely that at some point you will cross the threshold into euphoria and start the cycle all over again. Losses that result from self-sabotage can be just as damaging but they're usually more subtle in nature. Making errors like a sell for a buy, or vice versa. Or indulging yourself in some distracting activity at the most inappropriate time are typical examples of how traders make sure they don't win. Why wouldn't someone want to win? It's really not a question of what someone wants because i believe all traders want to win. Yet there are often conflicts about winning. Sometimes these conflicts are so powerful that we find our behavior is in direct conflict in what we want. These conflicts can stem from religious upbringing, work ethic or certain types of childhood trauma. If these conflicts exists, it means that your mental environment is not completely aligned with your goals...

Lots of what i typed isn't on what i wanted to point out but oh wellz...

The important stuff   ***********************************

Switching to trading with my laptop, i do not have access to the post-it notes i have on my desktop's monitor to help me trade. I told myself 6weeks ago that i need to make a binder with all the appropriate checklists i have created for trading.. I KNEW that i shouldn't be trading with only 2 hours of sleep, and I KNEW I was not in a fully functional capacity to trade... But what we KNOW and what we DO are in complete opposite of each other in life sometimes and i went ahead and traded anyways. Utilizing checklists has prevented me from making mistakes like that in the past because either i forgot about certain rules/i have memory problems (#1 reason i have checklists) or the checklists gives me a Non-Me perspective reinforcing rules to me that i may be actively ignoring at that specific point in time i'm reading through the checklist.

If i really want to step this up even more, I have to make sure my actions reflect what it is that my mind wants... My behavior of being lazy/procastination caused me to not have the checklist i use to make sure my mental state is not compromised. Since i was mentally compromised by not having enough sleep, I analyzed my trade wrong. Since i went in a trade with the wrong analysis/hypothesis, i lost money. I need to really stop treating daytrading as a hobby and slowly transforming it into a business... because it really is a business....

NEOT: Largest loss to date

I'mma keep it short... Went to work with only 2hours of sleep.. Ran scans at 0800 EST, nothing good showing up.. might be a lame day.. ran another scan a few mins from opening.. NEOT, gapping from 1.08ish to 1.4ish.. Due to me being sleepy and not functioning well, miscategorized the play/wrong exit plan. This inital mistake snowballed into numerous other mistakes that couldn't have been prevented if I didn't trade in the first place.

Mistake of the year so far: Sleepy/Not in the appropriate mental state to trade.

On my desktop I have post-it notes attached to my monitor. The first visible one is a checklist i run through to make sure i'm in a mental/emotional/physical state to trade. Question #1 on there is-- Did I get enough sleep? if no, don't trade. Broken..

Since swapping to trading on my laptop and at work/no access to the post-it notes i have on my monitor. To remedy this, I will be making a binder and in it will be the checklists i will be running through prior to trading as well as having other checklists to maintain a consistent pre-market open process.

NEOT

Previous day's Lows:  0.77
Previous Close:           1.02
Today's open:              1.31
Pre-market's High:      1.45

This pre-market pattern was one i haven't played yet as my first profit target is usually the pre-market's high. In this case i aimed to buy it breaking out of the 1st minute's candle when it tested 1.45 as well as the pre-market high. The most important thing i totally did not heavily account for was the fact that it was waaay up on %gains from yesterday already..  30% from the previous day's close and almost 90% up. 90% up !!! Normally, i'd be very very very cautious about even entering a trade and if i do, the goal would be to just scalp it.. I went in thinking the stock had at least 10% of upside, I was already up 5% on my position and an easy 200$.. I actually thought about sizing down half my size but i held on not knowing this should have been a scalp play.. far worse was how far my ideal entry was from my actual entry.. Ideal entry was at 1.3, i entered at 1.47... 17cents off but my mental stop was at 9ema at 1.41ish.. horrible risk/reward ratio and resulted in my biggest loss to date. My entry was too far from my ideal entry/chased hard since i waited for a flag pattern to form. A gap+go strategy from DTW would've been ideal here.

On a positive note, I really liked how well i had my emotions kept in check while i was in the trade. I stuck to the plan I had even though it was a flawed plan to begin with.

Trading Around Equilibrium

** Just gonna non-stop talk **

Due to listening to Answerstocks vids, I got more acquainted with Superman and Triforce Trader. I went ahead and bought Trading around equilibrium as well as downloaded Trading in the Zone by Mark Douglas- as recommended by Matt Owens.

Overtrading

Already fixed last year july when i cut down from paper trading 30times in 1 day to 5times a day to 5 times a week. I'm currently under the PDT which forces me to really choose only the ideal setups to play. LX21's Star rating system is also being utilized. Whenever i get the urge to trade something that is NOT a play/pattern.. I walk away from the computer, i've also been using Syke's preferred hours of trading.. 2pm-4pm and never mid-day.. almost all my losses have been during mid-day. There will be plays during mid-day but it's a diminishing return effect for all the work/mental effort put in to babysit the mid-day..

Overstrategizing

I've been learning so many different strategies which is beneficial since i'm starting to get a feel for all the different types of traders out there.. Momo traders, scalpers, day-traders, swing traders, shorters. The downside of this is (which i fell for a few weeks) is that there's so much noise/distraction that i fall in love with the different types of setups but never really excel in one. In the beginning i fell into overtrading, now i was falling into overstrategizing. I fixed this by really only focusing on trading one actual strategy at a time until i've gotten the hang of it..

So far i've only really traded overnight longs Force/Survival patterns which i'm almost comfortable with, I just have to be very careful in making sure I clearly know what the catalyst that's moving it to minimize any catastrophic news overnight.. Preferably, i'll be in a stock overnight anticipating a gap-up. The only time i will attempt to "chase" a stock in the open is if it exhibits an F1/F2 pattern and there's was a favorable price action/volume AH/Pre-market.

As much as i want to be able to short, i really wanna excel swing trading overnight/going long in the open before i do any sort of shorting.

Over-TechnicalAnalysizing

Last time i had blogged about the different types of moving analysis/indicators/oscillators/etc. and the calculations that go with them. I loooove this part of trading, the math side of it. At one point i was getting overwhelmed with the need to keep learning more and more technical analysis but there's always this one thought in my head that keeps me grounded and away from being too much of an analyst. There are sooo many successful traders that aren't SME in technical analysis and only uses basic indicators such as support/resistances or none at all... 

Listening to trading in the zone by mark douglas reaffirms my belief that math/analysis is not the main requirement for being successful in trading. Falling in love with so many indicators again, just like overstrategizing, distracts my focus on the real problem at hand which is dealing with emotions. As long i don't fall for over-technicalanalysizing.. (lol anal-sizing).. I can reap the benefits/advantages of what the different indicators can give me.

Currently i've toned down to using:

9EMA+9SMA+9MAW

 I use all 3 and look at the combined range all 3 comprises as a cloud in conjunction with possible support/resistance levels to try to find the "true" support/resistance level.

RSI

Love using this just to give me a heads up on whether it's oversold or overbought.

MACD

Still trying to find a good use to this. Same with the Moving averages, these are NOT 100% buy/sell signals for me since they are lagging averages. I just use these to confirm the trend i'm looking at and possible reversals. I'm using arrows on the actual chart to show crossovers.

Hulls moving average

----- Really cool on how it hugs the price very very well, I don't like it one bit since it overcompensates at the beginning which doesn't fit with my current strategies very well. Hugs the price so well that it cuts into the candlesticks forming no reliable support/resistance levels. **One thing i noticed though.. The calculation is pretty complex relative to everything else i've used so far.. but somewhere in there *Too lazy to find it*, it shows a the reversal of the trend fastest than anything else i've seen on a lagging indicator.. will NEVER use this as to initiate a trade but i'm keeping close watch/backtesting to see how reliable it is to anticipate reversals.. It might be a false reversal but if i'm already profitable in a stock--- i'll be utilizing this to lock-in part of my profits..

VWAP

----- Cool, but i really haven't played around with it much to see how it fits with my strategy

<3 <3 <3 <3

Fell in love with this chart and stared at it for almost 20mins. Basically, i realized that decades ago.. before there was computers, traders only had charts to look at.. Looking at this chart alone, i can see the trend patterns/changes.. I can see how the calculations are made and basically how a computer crunches the numbers to form a lines/graphs/charts that modern traders take for granted on a GUI/Trading Platform.

Currently on my to-do-list to master:

Ichimoku Cloud

I really feel like this is going to be my end-game indicator. For this year, since i have a small account, i'll be sticking to my other indicators and the simple trade the ticker and not the company strategy. As soon as my account gets bigger however, I know that the big fund managers use little to almost no technical analysis at all (*Martin Shkreli quote*) and puts alot more weight on fundamental analysis. This type of trading will be reserved in the future once my account grows but for now it's really cool to learn how Matt Owens/Superman's trading style/mentality is going to be. I can easily tell right now that i will eventually evolve my trading since i naturally feel more comfortable with the way they trade. Trading the ticker works but eventually, it will come to a point that it'll have its limits. Of course i do realize that there are successful traders that are millionaires just trading the ticker which i will very well take advantage of their strategies, but eventually, i will be using a mix of both fundamental analysis/technical analysis in my trades.

Mentality

Theoretically, I can have a 95% winning rate strategy utilizing the most accurate/precise indicators and still be an unsuccessful trader if i don't manage my emotions well. One by one i've been isolating each emotion as soon as i meet him/her in my trades and really really do some deep thinking on how to overcome them from interfering with my trading.

Pride- The first problem i ran into in and what i believe is solely the biggest reason why most traders fail to be profitable. The reluctance of people to swallow their pride and admit their mistakes is nasty news. I've learned quick with the #1 rule: cut losses quickly.. I've really swallowed my pride alot in my life sacrificing things that i emotionally wanted for things i logically needed. Hi, My name's Ken and i'm a trader (mimicking AA introductions)... WHILE TRADING, I WILL LOSE MONEY AND I CANNOT CONTROL THAT FACT. BUT WHAT I CAN CONTROL IS HOW MUCH I LOSE. - KenLauren. 

Greed-  Funny i ran into this one, and thankfully hearing superman say "Lock-in profits/half-profits/some-profits" really defeats greed so fast.. The problem I had with greed was with trades that i'm already up let's say 800$, instead of locking in some profits.. the trade went south on me and i ended up having a loss of 100$.. That's pretty shitty when that happens to you. Sucks being under the PDT atm, but "No one ever went broke locking in profits !!!"- Superman . From then on, it's almost second nature for me to lock-in a portion of my shares when i am up. Also, going long.. once it's above my buy point... riding the 9 or 13 EMA til it breaks is a SOLID, SOLID EXIT Point for majority if not all of my position.

Fear- This is the current boss that i'm fighting this past 6weeks. I still haven't categorized it yet, but my last few trades i've been in have been solid setups/profitable but i took maybe at most 1/4 of my size... Possiblity is that i wasn't fully comfortable with the play i've been using Force/Survival pattern overnight into a spike. being unable to take my full size cut a huge chunk of what my gains where.. This type of fear i'm anticipating will go away as soon as i get more and more experience with the plays/trading.

A 2nd type of fear that i ran into before is also a very dangerous one. FOMO !!! The fear of missing out... Very very very very very very very very very dangerous... did i mention how dangerous this is? There's a few times i feel like it's acceptable to chase but i really have to weigh in using my indicators to lemme know if how far into the move i'll be chasing in and depending on the risk, i will NOT be using full size on chases. An even preferable adaptation to my trade to combat this fucker is that i've been setting actual entry price points and if i don't get my fill at that price, i just walk away from the computer... Eat shit FOMO !!

RPRX

RPRX

I was planning on getting back in the game but ended up sleeping 16hrs straight yesterday.. This was the opportunity cost of that.... Nice pattern i would've dip bought at 1.8 or at 2$ breakout...

Oh wellz,.. "Live and Learn".. RPRX was introduced to me by a good friend Greg that also trades. RPRX looked ripe for a nice spike with overhead resistance nowhere near it above...

Some would consider the first 2 1-minute candles as an F1 breakout in the open.. Wanted to buy in but was too fast for me.. Closed ToS and went out the office to check on greg's trade.

While watching him, i saw a bigger and better formed F1 Pattern forming at 2.8.. Wanted to get in at 2.8 but it spiked  to 2.85 and didn't want to chase.. A better entry would've been a dip buy off the bounce at 13EMA. It's the first time i've actively watched a stock using 13EMA and it woud've been a good risk-reward with an upside to 3.

I was looking to buy in one last time on the breakout past 3. 1500 Shares buy order sent as it broke 3.01>3.04.... Felt good, heart was racing... As it neared 3.3 which was where i planned to take my profit.. I double checked my order and noticed it was still open. I had placed a limit order at 2.43 instead of having it to a 1500 MKT BUY Order like i wanted.. Damn order was still open... Canceled the damn thing and spent a few mins smh feeling stupid of my fat finger mistake... Hey, it's been 5weeks since my last trade.. So much stuff going on getting ready to move from japan back home and i'm a little rusty... No biggie.. just lost on a potential easy $700+ Profit due to a small ass lack of attention to detail/mistake... FML !!

CRC and thoughts/progress FOUS4+FOUS4x2

CRC

This was a trade i did 2weeks ago. Long overdue due to classes/coursework related to work and the fact I was very, very disappointed in how i acted during the trade.

Stock is a commodity play, the entire energy sector has been beaten down the last 2 yrs d/t OPEC having a oil-war with the US shale producers dropping the prices in oil/barrel. They're basically trying to bankrupt US companies by getting them down to unprofitable levels with the oil prices so low. Recently, news of an oil production freeze has been hyping up the stock prices in contradiction with the companies fundamentals.. Stocks are going up even though these companies are tight on cash/possible bankruptcy.. The hype lasted a good multi-day run until finally collapsing.. a mini-bubble up on hype that moved a whole sector.. pretty cool.

Bought 2000 CRC @ 1.71 @ 15:30:05 03/04/2016

I noticed crc due to it's earnings beat.. So i was playing it as an earnings winner at the time without realizing what was going on in the bigger picture- missing out on 300%+ Swings. I wanted entry on 1.06 and sell at 1.25 but i got bored babysitting and watched a youtube video. The 5min video i watched, the stock broke at my entry point and spiked to 1.3... at the end of the day there was another possible entry and i took it on a dip.

Sold 1000 CRC @ 1.755 @ 15:59:14 03/04/2016

Although the chart was perfect, and i've been getting more scared/playing smaller position sizes since my last trades. I downsized my position cuz i felt like i was chasing this stock thats alrdy 300%. Looking back now, I don't regret my decision even though i missed out alot on potential profits, better to play safe than lose big.

Sold 1000 CRC @ 1.8819 @ 09:30:52 03/07/2016

I've been really really scared on this stock for some reason, My mental stop was at 1.8 which isn't even bad cuz i'd still b up 10cents per share... The stock did NOT spike in the beginning and actually crashed which is i knew was possible. FOR SOME REASON, i got scared out since this is the first stock i've had that sold off in the morning which was an expectation. I put in a market order once it broke 1.9 and stared at it for about another 5secs when i realized the price action was bottoming out and tried to cancel my order but i was 2secs too slow and my order got filled...

I only had 1 day trade for the day.. I wanted to sell my overnight position on the morning spike and use my daytrade to buy a dip.. but instead... FOMO!!!

Bought 1000 CRC @ 2.0402 09:34:07 03/07/2016

**** I watched the stock spike without me, i saw another entry at 2.04.. FOMO !! Feeling of missing out.. I wasted my daytrade and instead chased the spike. I hate the fact that I gave in hard to FOMO...

Sold 1000 CRC @ 2.1001 09:49:32 03/07/2016

The spike was losing momentum and not making new highs. Sold rest of position before it consolidates for the day.

** The trades went positive for me but it's the fact that i gave in to FOMO that really irritated me. I spent the next two weeks away from trading and learning FOUS4+FOUS4x2 dvds since i knew i blew off a beautiful opportunity for a swing trade.

I was so focused on intraday/had very little knowledge on swing trading, i made at maybe 10% off a 300% multiday day move.. The whole energy sector was being hyped up + CRC earnings win = mulitple catalysts + Chart was Fous Revival pattern that became a Fous Force.

I finished FOUS4+FOUS4x2 DVDs, the thing is that these dvds are about 10yrs/4yrs old so the patterns aren't reliable anymore. The crazy part is, the patterns in the DVD's are exactly the same pattern i've been trading this whole time !! So i didn't really learn anything from the DVD's but it REINFORCED my trading style greatly knowing that there's successful traders whose style is EXACTLY like mine. Lately, Fous has been shorting which is my end goal to be a short-side trader but i'm still getting a feel for the market/horrible broker for shorting so i'mma refine the long-side of trading in a shitty market first to give me more discipline then once i get an IB account, i'll start focusing more on shorting.

RJET, CRC

RJET

Bought 1500 RJET @ 1.54 15:41:07 03/03/2016

Chart is solid but the catalyst is so backwards. It's heading towards bankruptcy yet the stock is up wth? I was so confused and false rumours of a buyout are in the msgboards, it didn't help that there was a unusally huge buyer at the end of the day which didn't make sense other than an insider buying with info not known to the public. Anyways, went half my normal size just cause this was a weird setup.

Sold 1000 RJET @ 1.78 08:43:12 03/04/2016

There was a 1000 Bid @ 1.84 at 7:30am that I spent 10mins glaring at taking and I KNEW i should've taken it for a guaranteed 30cents profit but i let it go and the bids sank to 1.6 and i waited with regret til 9am and took some bids that was at 1.78. I cut down my size 2/3 instead of my usual 1/2 to cut alot of my risk since this was NOT an earnings winner/positive catalyst.

Sold 500 RJET @ 1.5127 09:31:00

Holy crap!! My mental stop was at 1.54 but hesitated a few secs which cost me another 3cents. Stock crashed to 1.3 within 5mins of the open.

Bought 1000 RJET @ 1.669 11:17:49

STUPIDITY ARISES !! Same mistake as last week... This is too much.. I'm putting a sticky in front of the computer. It'll say to apply LX21's Star Rating system.. Impatience/boredom set in and i MISSED CRC because of this stupid trade.dd

Sold 500 RJET @ 1.544/Sold 500 RJET @ 1.54 11:57:35

Spent 40 LOUSY minutes babysitting a shitty trade and i missed my entry on CRC 1.50 breakout on pre-market HOD. Not only did i lose 150$ but i missed out on an easy 600$. C'mon, i've got to control this impatience....

CRC

I was actually watching CRC on March 3 when it broke out of the previous day's HOD at 90 cents waiting for the 1.06 breakout since the earnings was released. I got bored babysitting and thought it's prolly not gonna breakout til the afternoon and pulled up a youtube video. After watching for 5mins i tabbed back to see it at 1.24 which was exactly where i had planned to exit partially to take profits, I missed an easy 18cents. Easy 540$

Fast forward 1day March 4

Pre-market was AWESOME !! But i was long in RJET already so i was fully focused on RJET at the open. After i closed my RJET, I knew i want in on CRC at 1.5 breakout on pre-market HOD and a nice solid "magnet" number. I was fully focused but on the wrong stock, i entered out of impatience on RJET even though CRC was the earnings winner. Because of impatience, i missed out on entering CRC at 1.5 like i wanted. Missed an easy 26 cents by close. Easy 600$

Bought 2000 CRC @ 1.71 15:30:05

MACD Bullish signal/Crossover/Higher Low confirmed.

Sold 1000 CRC @ 1.755

I was still scared because of what happened to RJET in the morning (even though this one IS an earnings winner) combined with the fact a few days ago this was trading in the 60cents range. Already up 200%, i think i'm ok with playing it safe and locking in a few cents and downplaying my risk.

On a 1y/Daily timeline. RSI/MacD multi-month bullish cross-over. It's the first time i've seen this and this i know for a fact happens very rarely on top of coinciding with an earnings win as a catalyst.. This was an easy 200%+ profit and missing out on a swing trade like this engrains this pattern in my mind.