I Am Adapting ( $TSLA $NFLX )

Last night was the first night in months that I slept through the night. I’ve had sleeping problems since I was a child but anyways… I slept so well and felt so refreshed that I decided to enjoy the slumber and only trade 2/3 of the day. I absolutely KNEW today was choppy and I refused to make the same mistakes I made yesterday.

First thing I did, cut my size in half. Second thing I did, be extremely picky regarding what trades I will take. I had it in the back of my mind before I even looked at any specific charts that I would trade very lightly today as I’m not comfortable in this scenario yet. Third thing I did, focus on range plays… short the top of a range instead of looking to go long a breakout. Range plays are not my bread and butter by any means but the market moves in two ways: trending or chopping. I am proving to myself that I am capable of making smart trades in a trending environment (yes I know… it is easier during these times) but for this to provide a consistent source of income I need to be able to trade range days as well. As you will see in todays trades, I traded lightly (only 4 trades all day), I took profits quickly and I cut losses fast. While today was my smallest gain to date on this account, I couldn’t be happier. I know that theses days are when I normally destroy my account… just go look at yesterdays trades.

I’m sure I repeat this often but I honestly feel as though I am learning more and more every single day. This isn’t even a job to me. I hate waking up early but honestly, with a good nights sleep I can’t wait to get up and look at charts for 8+ hours.

Trades for the day:

Happy Friday ( $NFLX $LNKD $AMZN $TWTR )

Tried to focus on my entries of falling wedges, ascending triangles, and also trailing my stops. Proved to be another trendy day in the indices which really fits my style of trading. The biggest concern I have is that I will not recognize days that are choppy and harm my account. Going to paper trading has really help solidify the fact that if I take ALL my entries that meet my criteria, the odds are generally in my favor! I know I’ve said it many times but I think really putting it into action is helping me the most. I’m going to continue building my case this month before scaling back into my account. I’m really enjoying Tradervue for trade analyzing and plan to continue using it. I hope it gives you guys some more data on my entries, exits, and scaling.

Have a good weekend.

Friday’s trades:

An $AAPL A Day…

So I didn’t post the past two days because I wasn’t here 100%. I did take 4 trades though. 2/4 on Thursday and Friday.

I still have a lot to work on… that I know but the more and more screen time I have, the better I feel about it. It’s not a matter of making money or losing money at this point… it’s about recognizing high PROBABILITY trades vs just trades. Eventually it will get through my thick skull.

$AAPL first 2 short, 3rd long:

$APPL long:

( $MU )

Had to take the woman to the airport today. Relative volume was down in the AM session I was available for. Looks like some of my paper trade ideas did play out. Nice strong close. 0/1 on the day. Sized down all trades from here on out. We’re in confidence rebuild mode.

( $MU $YHOO )

Don’t have much to say today. 1/4 on the day. Another red one.

$MU long trade:

$YHOO 1 long, 1 short, 1 long: