Warrior Trading, TBIO

Never trade an unproven strategy.... TBIO......
Zombie Experiment traded the shit out of it.... sigh.. FML...


**** Gamblers think about profits, Traders think about Risk ****
Shifting my attitude/mindset from making money and towards:

1)  Risk Management
-  Know risk prior to trade
-  Know stop loss prior to trade
-  Size position accordingly to the stop loss

2)  Managing Emotions
-  No more zombie trading
-  No more revenge trading

Mandatory Weekly Goals....
A)  Zero (0) Zombie trades
B)  Zero (0) Revenge trades
C)  Trade only quality/Go-To-Setups.. (Think retired trader)

14 January Week Review ETRM, BIOC, TBIO, WARRIOR TRADING PRO

Prior to the new year I had set a goal...

Goals for the next two weeks:

1) Create watchlists daily/develop patience and only trade what's on my WL > FOCUS only on Go-To-Setups

2) 100% compliance with pre-trading requirements prior to making the trade. If I stick to this plan = 0 ZOMBIE/REVENGE TRADES

3) Stop thinking about money and focus instead of making the right plays. The money will follow.

"Think of it this way, as traders, Our job is to be patient. Most of our time should be spent watching and waiting." -LX21

"Aim Small, Miss Small." -T. Sykes

"No one ever went broke locking in profits !!!"- Superman

I was able to stick to it on the first trading week but the commitment faded on my 2nd week..

From now on: 

On the first day of a new trading week:

Must recite the week goals and renew the commitment from last weeks goals..

New goals added:

4) Define the risk, set stop loss/profit targets prior to trade, control risk by appropriate position sizing.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Warrior Trading - Ross Cameron

I finally bit the bullet and took a mentorship program... I've bn following these 5 programs for over a year now and my thoughts on each..

1)  Tim Sykes - Profitly

... I initially applied to the millionaire challenge back in Dec 2014, tough times hit 2015 and I didn't have the capital to get into the challenge anymore.. Took a year's worth of Pennystocking Silver instead and watched all the videos in the library and reverse-engineered syke's trades instead.  Learned ALOT of the basics from tim, cons however is that he tends to blab/market 50%+ of the time in his videos.  He's also not very good at teaching specifics and is broadly talks about his strategy, Something that Mark Douglas pointed out about successful traders trying to teach.  BUT he's gotten ALOT LOT, SO MUCH BETTER than back in 2010.  NO ONE is perfect, but his persistence in always getting better got him to this point and should be an inspiration to all.His watchlist's are spot on the stocks that I do trade.. I just got in another year of PS frm January.

2)  Nathan Michaud - Investor's Underground

... I'm in for a quarter subscription from Dec.  The Watchlists/plays are mostly NASDAQ stocks which require a larger account to make the most of the smaller moves vs the microcap stocks that T.Sykes plays.  Very, very good community with all a good amount of the people there helping each other out.  I'll move here once I've got a good account size going

3)  Cameron Fous - Fous 4

... I was in here for a month back in Spring.. Watchlists are mostly based off technical back then, half are good, half have no catalyst and pure technical and some swings.  F3 Patterns and F1/Opening Range Breakouts solidified what I learned from T. Sykes... Fous is a much better teacher on the specifics of his strategy than Sykes.  He also was the initial push for me wanting to focus my trading on the first 2-3hrs of the day.  Cons - I ended my subscription early by 2wks to cancel the recurring but I lost access to the site and got the last 2 weeks of my "month's subscription"... Kinda pissed me off...

4)  Kunal Desai - Bulls on Wall Street

... I watch his free vids on youtube and I know his trades are more in between Ross Cameron's and Fous's.. Not really too interested in his mentorship program though because of the cons of the way the students put in capital to the "hedge fund account".  This is beneficial to alot of people, but puts me too much into a disadvantage.

5)  Ross Cameron - Warrior Trading

... Ross vids on youtube is what made me decide to finally make the move to the beginning of the day for trading.  I remember him trading the morning only using candlestick patterns/price action which at the time was scalping which scared the crap out of me since the moves were so quick.  Since I've re-started trading in mid-December and only during the market open, I've slowly gotten the hang of the volatility of the market open.  His way of reading price action is what I need right now since my current way of using the MACD/Lagging indicators is too slow (Even though it's ahead of using the 9ema or 13ema).

I attended Ross's webinar today and they had a good deal on their mentorship program.  SpeedTrader will rebate 100% of the program's cost through discounted commission rates.  This will be a 90 day course but I will need to meet SpeedTrader's 25k account minimum somehow... Ross's mentorship program also has the highest profitability rates of his student's as well as recommended by the online brokers themselves which talks for itself.. I'm excited to see how this goes....

TBIO

TBIO

I was still fazed out from Wednesday's trades... I should've taken the week off.. This setup was shit... 1h/2h/4h.. all the big TF were downward trends.. hence I traded AGAINST the trend...

01/13/2017 08:03:36 Bought 1000 TBIO @ 1.59

01/13/2017 09:01:50 Sold 1000 TBIO @ 1.36

 

Stopped out

 

01/13/2017  09:24:49 Bought 1000 TBIO @ 1.41

01/13/2017  09:32:15 Sold 1000 TBIO @ 1.26

 

Fckin 5m clearly showed a downtrend yet I'm hoping for a reversal?!?!?! It doesn't make sense

 

01/13/2017  10:31:33 Bought 2000 TBIO @ 1.51

01/13/2017  10:41:41 Sold 1000 TBIO @ 1.5

01/13/2017  10:50:50 Sold 1000 TBIO @ 1.3701

 

You'd think I'd be done for the day... This is clearly buying too early hoping for a reversal... I've alrdy made this mistake more than once already and I'm supposed to be papertrading reversal plays... FML... Looking back, If I was trading the price action instead of the MACD, I'd be able to get good trades... I was able to downsize finally after I took a deep breath and asked myself what LX21 had said... What would I do if I wasn't in a position.. If I would buy, I should either add or hold... But if I would sell... I should downsize which I did..

 

Mistake #1:  I traded against the trend

Mistake #2:  Should've paper traded this reversal play since this was not a go-to-setup yet.

Mistake #3:  Preserve your capital... I lost 600$ just to try out reversal trading... FML...

 

ETRM, BIOC

ETRM 

01/09/2017 12:03:54 Bought 100 ETRM @ 18.15

 

Bought ETRM mid-day =/ .. stop/loss'd o/n for gap up..

 

01/10/2017  09:14:24 Bought 100 ETRM @ 23

 

Up-sized my position pre-market on higher high.. 5m/15m/4h was uptrend pre-open, 1h was down

 

01/10/2017  09:31:13 Sold 200 ETRM @ 23.51

 

Closed my position on failed spike in open.. There was a delayed spike later on but I don't remember what I was doing..

 

01/10/2017 18:37:55 Bought 50 ETRM @ 27.52

01/11/2017 14:52:10 Sold 50 ETRM @ 22.48

Failed Gap-up.. It wasn't an ideal chart setup, not sure why I went long o/n this... stopped out asap pre-market below my intended s/l.

BIOC

*** Warning:  I only had 2 day trades today.. This stock was alrdy up from 1.7 prior day on a go-to-setup ***

01/11/2017  09:14:31 Bought 800 BIOC @ 2.64

 

Bought Starter Position on b/o of pre-market high..

 

01/11/2017  09:21:50 Bought 1200 BIOC @ 2.8

 

Added to position prior to open.. 2.736 new avg.

 

01/11/2017  09:31:06 Sold 200 BIOC @ 3.0447

01/11/2017  09:31:06 Sold 800 BIOC @ 3.0401

 +300

 

Locked in Half profits when 1m candle failed to make a new high. s/l was halfway of the previous candle.

 

01/11/2017  09:32:47 Bought 1000 BIOC @ 2.8399

 

Re-added on b/o of open price level.. new avg 2.78795

 

01/11/2017  09:40:32 Sold 500 BIOC @ 2.94

01/11/2017  09:40:32 Sold 500 BIOC @ 2.93

+147.05

 

I fckin looked at my P/L and saw I was up 600$ then spiked to 1,000$ then 1.5k+... Instead of locking in gains, I held on hoping for 2k+ and a stronger spike.... I got so greedy and failed to systematically lock-in my gains.. 6mins could've locked at 600$... 1min of which could've locked in 1.5$k for the day... stock broke back down under 3 and it took me another 4mins to lock in partial profits..

 

01/11/2017  09:42:47 Sold 1000 BIOC @ 2.6201

-167.85

Got stopped out... =/ .. Fcking stopped out right at the bottom... could've been another +150-+300.. This is my fault for not spending time to chart out where the stop should've been...

AAAAND... I got my TD Ameritrade account frozen for going over my Pattern Day Trading Limit.... FML

~~~~~~~~~~~~~~~~~~~~~~~~~   E-Trade Account   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

01/11/17 9:30 AM EST Buy 800 BIOC Executed @ $3.0982 

01/11/17 9:30 AM EST Buy 100 BIOC Executed @ $3.0982 

01/11/17 9:30 AM EST Buy 100 BIOC Executed @ $3.0982

01/11/17 9:31 AM EST Sell 1000 BIOC Executed @ $3.0402

-70

 

This is what I get for trying to manage my ToS trade along with a web-based trading for my E-Trade account... Got stopped out... I hate using this crap except that e-trade charges 100-150$ for their stupid platform... Dam trade was in and out in seconds and was too slow to execute..

 

01/11/17 9:31 AM EST PDT Qualification Warning !!!!! *** E-Trade ***

 

 This should've been it for the day... break even... but I was heated up from stupid drama from work, then it got worse when I missed out making $1k+ due to greed.. Guess who came along and showed up for a quick visit? Yes'sir, good old revenge trading... If I wasn't heated up from work, I knew I was done for the day when I left so much profits on the table... I can't blame it on drama from work though since I have no control over that, what I do have control over is whether I react to the bullshit or not...

 

01/11/17 9:52 AM EST Buy 1400 BIOC Executed @ $3.0694 

 

I was chasing..... Revenge trading time..

 

01/11/17 10:00 AM EST Sell 1400 BIOC Executed @ $2.8754

-200 

 

Stupid trend broke at 9:56 yet I kept hoping... took another 4mins and another 13cents for me to close out.

 

01/12/17 7:31 AM EST You have a Minimum Equity Call !!! E-trade Account Frozen...

 

7 January Week Review, OREX, ETRM Thoughts

OREX

01/05/17  2:09 PM EST   Buy 500 OREX Executed @ $3.28  
01/05/17  2:14 PM EST    Buy 500 OREX Executed @ $3.28
01/05/17  2:29 PM EST    Sell 300 OREX Executed @ $3.84
01/05/17  2:29 PM EST    PDT Qualification Warning 
01/06/17  7:00 AM EST    Sell 400 OREX Executed @ $3.78 
01/06/17 8:46 AM EST Sell 300 OREX Executed @ $3.65

Locked in profits as soon as E-trade allowed me to. I saw a bid at 3.78 since 6am and waited anxiously till I was able to lock it in.  As soon as I took profits, I felt relieved and was able to let the next trade work out a little bit more.

16mins into open and no spike.  ETRM is has everyone's attention and OREX will prbably fade off. A HUGE seller at $4 anyways and if there's no volume now, it probably wont break past 4 today so took profits prior to it hitting my stop loss at 3.5.

ETRM

Missed the nice entry in the morning yesterday.  I was watching OREX, ETRM for an end of day buy.  OREX exhibited the expected pattern so I went in with ETRM.  Looking back ETRM had a VERY TINY Float as well a high short %, It didn't show higher lows until the last 1-3mins where it broke out of key resistance.  Although I would've liked to have been in the stock.  There was no realistic/good entry point til exactly the last minute of the day.  Stock spiked above PM highs, That would've been a higher high but no printed lower low.


Dam thing spike up to 5's aftermarket and eventually squeezed shorts/rotated the low float so much it squeezed to 9$ the next day.  Coulda doubled my money overnight or quadrupled my money in 2 nights, the question is though.  How big would've been my position size? I can't stop thinking about how I could've doubled/tripled/quadrupled my money but I shouldn't be thinking about how to make profits and instead how to mitigate my risk.  Those that are chasing madly and going big will get hurt later on if they keep it up.  They might've won this time but it is just rewarding a bad habit.  I have to remember that trading is a marathon and not a sprint.

OREX, PDT Warning !!

OREX



01/05/17 10:38 AM EST Buy 800 OREX Executed @ $3.07
01/05/17 11:06 AM EST Sell 800 OREX Executed @ $3.04

Ugh.. My stop loss was 2.99 and I raised it thinking $3.05 proved itself enough.. but lo and behold I tried to dip buy this shiet in the AM close to noon.  M'fer low for the day was $3.00.. I cut losses too quickly maybe? and didn't let the play work out?.. M'fer reached $4.00 at day's end.. $700.. still uneasy on this one.. I will only buy reversals in the am if it's panics at the open to support.  2nd day reversals will be bought in the PM for a 2day F3 Pattern.

01/05/17 2:09 PM EST Buy 500 OREX Executed @ $3.28
01/05/17 2:14 PM EST Buy 500 OREX Executed @ $3.28
01/05/17 2:29 PM EST Sell 300 OREX Executed @ $3.84
01/05/17  2:29 PM EST    PDT Qualification Warning !!!

I missed my entry at 3.08ish where my original entry in the morning was since it wasn't 2pm yet.  Looking back at ETRM chart though and other charts, I'd want the confirmation of a higher low holding so I can set a risk.  One thing though, I don't have a platform for e-trade and use the webpage and mobile.. I only wanted 500shares but I guess when I swapped to change the order on my phone, it inputted a second 500share order on top off what I already had.  When I sold what I thought was half of my position at my profit target, I got a PDT warning and my P/L was alot higher than I expected.  I'm still new to the E-trade website but I finally got a confirmation on what my actual position was.  I'm in waaay too big for my risk, It's already triple topped at $4.00 with a huge seller blocking the way with 16,000+shares.  I wish I can sell all today but i'll end up with my account frozen for 90 days. FML.. I'm glad E-trade Extended hours starts at 7am vs ToS at 8am.  I'll be locking in at least half my shares ASAP and let the rest ride to see the January effect+Friday short squeeze can break through that seller.  May the force be with the healthcare sector today.

IDXG / December Review

IDXG

01/03/2017 09:58:41     Bought  300 IDXG @ 7.9
01/03/2017 10:10:10     Sold       150 IDXG @ 9.36
01/03/2017 10:11:42     Sold       100 IDXG @ 9.25
01/03/2017 10:11:42     Sold       50 IDXG @ 9.24
01/03/2017 10:39:46     Bought  100 IDXG @ 8.5
01/03/2017 11:06:05     Sold       100 IDXG @ 11.575
** Not sure why I can't load pics atm **

I noticed IDXG spiking with volume using the thestockmarketwatch.com and it was a familiar stock from the previous day.  Broke the pre-market high at 5.5, decided to chase a lil bit but was sized in too big for my normal risk tolerance.  Took profit when the momentum shifted on the 1min chart.

I noticed that the longer TF was still upwards with the price holding the short TF downward.  Bought the dip and sold when the momentum was changing.  Since I went big on the first trade, I got scared out and downsized from my normal sized position even though this entry was alot better. Sold whole position instead of my normal just half just because my position was small to begin with.


DECEMBER REVIEW 

6 Red Trades         (1,022)
3 Green Trades  + 874.81
33% Win rate and (147.48) for month

2 Red trades caused (701.14) or 67% of my total monthly loss in damage

On review, I traded against the trend and chased the entry.  Tried to buy the breakout but instead found the top/false breakout and whipsawed me.  Zombie trading/having no plan prior to the trade resulted in my largest loss to date.

On review, I should've noticed that the momentum on the 1m/5m/15m/30m chart wasn't all aligned.  To make it worse is the face I chased and tried to buy the breakout which failed and momentum whipsawed me.  My position size was way too big but i did cut the loss faster than AKAO.


Goals for the next two weeks:

1)  Create watchlists daily/develop patience and only trade what's on my WL > FOCUS only on Go-To-Setups

2)  100% compliance with pre-trading requirements prior to making the trade.  If i stick to this plan = 0 ZOMBIE/REVENGE TRADES

3)  Stop thinking about money and focus instead of making the right plays.  The money will follow.

"Think of it this way, as traders, Our job is to be patient. Most of our time should be spent watching and waiting.” -LX21

"Aim Small, Miss Small." -T. Sykes

"No one ever went broke locking in profits !!!"- Superman