Day Trading Journey

Discussion in 'Journals' started by Arkasha, Apr 21, 2018.

  1. Arkasha

    Arkasha

    A day traders journal on trading the stock market! A trade is executed daily on a technical analysis basis! Just a day trader trading his way to accumulation! TDAmeritrade broker
     
    Onra likes this.
  2. Good luck, you'll need it o_O -- but more importantly, good skill...and good wisdom...and good mind...and good execution...and good philosophy...and good tactics...and good fantasy...and good realism...and good idealism...and good calmness,

    Throw out conventional wisdom whatever you learned from random bozos and books. and try to become an independent thinker...seeing and realizing the divine trading light for yourself,
     
    Zodiac4u and treeman like this.
  3. How does one know they want to be a trader and not only an investor? I mean, isn’t trading and investing the same thing? You buy a position – be it stock, bond, fund, future holding and then you sell it?
     
  4. Arkasha

    Arkasha

    Thanks, will do my best!
     
  5. Arkasha

    Arkasha

    It all depends on the person, and the tactic. The word investing (to me) really means putting your money into something for a longer time, and while your money is tied up somewhere, your making profit from it! Trading is more of executing trades and making profit, while not risking your capital for longer periods of time! Once again (for me) that is!
     
  6. Zodiac4u

    Zodiac4u

    Best to be flexible and not limit yourself from just taking long term trades. The same goes with just trading from the long side.
     
  7. Arkasha

    Arkasha

    Its really not about flexibility and limits, its about strategy. The current strategy that was established through education, time and testing is this one. With education and more time and testing, one can gain the knowledge of longer term trading as well.
     
  8. Zodiac4u

    Zodiac4u

    All single strategies have there limitations. Me on the other hand, after 30+ years of learning this stuff, I developed a dislike for ridged approaches. I like what i like and to you, i say Good hunting. I hope you bag a bunch.
     
    Arkasha likes this.
  9. Arkasha

    Arkasha

    Here are the parameters of the journal, Trading a demo account with $30000 starting balance! Only $2 to $3 thousand will always be on the risk line depending on the trade!

    Here is the first trade executed. CBI gaped down before the open and then started heading higher just as the market opened! then i noticed a inverted head and shoulders pattern and as soon as price peeked its way out of the neckline i executed a buy trade! After price broke the neckline and started heading up i though that was it its going higher, but, then it started to get rejected and started to head lower, I though i made a mistake and started to analyze the trade. Then i noticed that the regular volume is at 5 million, and the current volume was around 8 million and i knew that it will head higher just give it a little time. I adjusted the stop loss and was waiting, almost thought i was out, but, the volume kept increasing so I knew it would continue up, just a little bit!
    The trade performed lovely and i got in at $13.10 and got out at $13.34. Trading 3000 shares netted $720!

    2nd trade was taken on BX. BX setup a great quick opportunity. There was 2 inverted head and shoulders back to back, I usually use one H&S signal to execute a trade, of course with other strong confirmations, but, here we had 2 back to back, which gave me more confidence and power for this trade to head higher. Buy trade executed at $32.49 with 600 shares, then additional 1000 shares executed at $34.55. The trade was made flat at $32.66 for $212 profit!
    That's it, that's my trading day. Going to work on my Gixxer, I hear its going to be a nice day! Careful with your trading everyone, trade what you know, and wait for the stock to call you in! ScreenHunter 18.png
     
    wrbtrader likes this.
  10. qxr1011

    qxr1011

    nope

    trading is a price speculation, investing is a value specualtion
     
    #10     Apr 23, 2018
    Xela, speedo and Arkasha like this.