5 min scalp · Daily Report · Others

#28 A quick good trade

Trades: 1
Accuracy: 100%

Screen Shot 2017-08-18 at 11.25.39 pm

SPWH – One of the best trades I have made in a while. Risk management was great. I did not get my full size as it ran a little at my buy point but i did not chase. I recognized this stock was a grinder and did not get shaken out when I was red on it for a while. Got 12 cents on it and that was decent for a Momo play. It was a good trade overall. Was a little bummed out that I did not get my full size. Also a tad or two longer I possibly could have gotten 22 cents on it instead. Well thats always tricky to smack the top.

 

Cyaaaaa!

5 min scalp · Daily Report

#25 Green Day

Trades: 1
Accuracy: 100%

P&L:
Screen Shot 2017-08-14 at 10.31.19 pm

 

Screen Shot 2017-08-14 at 9.55.45 pm.png

FRTA – Had range and volume, now it just lacked a clean set-up. Waited and waited and it came along. 9 cents of risk there and managed to sneak 12 cents out of it with an entry with a little slippage. Glad about this trade.

Nites and good morning westies! Je suis calme today.

 

5 min scalp · Daily Report

#24 – Confidence is key!

Trades: 2
Accuracy: 50%

P&L:

Screen Shot 2017-08-10 at 10.51.12 pm

Screen Shot 2017-08-10 at 9.58.02 pm.png

So HDSN worked out great. Was happy with this sucker. Also took profits when necessary.

On the other set-up – The Reversals

Reversal set-ups were strange today. There were few great reversal set ups that I just did not have the guts to trade. Something deep in my gut told me these were not good trades. They did work out in the end but I missed em. All is well though as this slowly just adds more confidence to my strategy. I will do better next week with this.

At least I am greeeeen! Wohoo

 

5 min scalp · Daily Report

#23 – Slow slow slow

Trades: 1
Accuracy: 0%

P&L:

Screen Shot 2017-08-08 at 10.55.19 pm.png

 

Terribly slow day, just didn’t work!

Ciao!

5 min scalp · Daily Report · Reversal 101

#22 Flat line

P&L:

Screen Shot 2017-08-04 at 11.03.22 pm

Trades : 2
Accuracy: 50%

 

In the green today. 2 mistakes. Second trade ‘OCLR’ the risk-reward wasn’t too great. Ideally I would not have taken it. Having taken it, I got out too early even though the chart did not really show any technical sign of weakness. I got scared out. Still learning this one.

 

5 min scalp · Daily Report

#20 part 1 – live report

Today is a little bit special. I have not finished trading but I am already writing my report. I just wanted to vent a little bit of frustration here. I have never traded a 5 min scalp set-up on a 5 min chart. I usually gauge them on a 1 min. However, I have always intended too. Whenever I wanted to I have missed my entries. I remember that beautiful one on ZN a couple of weeks ago. SO! Thats what I did below.

Screen Shot 2017-08-01 at 10.17.08 pm.png

Now you can see my clear risk line and my entry line. I stooped out before the fair graph support. Why did I do that? Honestly I do not know. I was conflicted between two rules:

a) Up or out
b) Do not stop out too early.

Call it emotions but the market recently has been a bore. Anything that runs up just gets struck down. So that’s how i reacted. Plus it’s my first time on a 5 min. That matters because range is usually bigger and waiting times are longer for your play to work. I am clearly still a work in progress. Lost about 7 cents on this sucker with a P&L of -36. Not too atrocious i would say. Plus I need to stop letting one trade change my viewpoint. I have heard a ton of professional traders screaming to use a large enough sample size to judge the viability of your strategy. I guess this one trade does not mean much but it surely leaves some sort of impression.

 

 

5 min scalp · Daily Report

Half and Half #17

Trades: 2
Accuracy: 50%

P&L:

Screen Shot 2017-07-26 at 10.27.09 pm.png

Today was simple and straight forward. Was prudent on my set-ups again.
Simply put, 1 worked and 1 did not. Both were the same 5 min scalp set-up.

Things I did good:

  1. Stops were tight
  2. Stuck to my rules
  3. Did not overtrade

Things I could have done better:

  1. OPHT – I should have taken note of range. This stock has terrible range and maybe should not have played this
  2. TANH – My only regret is not stopping out earlier. It did pop up first before going red. Should have stopped out the moment I hit a loss

 

Overall: I will live and continue to kick some candy ass tomorrow.