KGTrader4 Paper Trading Journal - My Training Wheels

Discussion in 'Journals' started by KGTrader4, Mar 25, 2022.

  1. KGTrader4

    KGTrader4

    Agree, I’ve done that. I’ve had situations (in the short time I’ve been trading, paper or otherwise), where it just became apparent to me that the stock wasn’t doing what I expected or hoped and I’ve gotten out before a stop was hit. So in that regard, yes I’ve got flexibility on both sides.
     
    #21     Mar 28, 2022
  2. deaddog

    deaddog

    Have you given any thought as to why you picked those targets? Why not react to how price performs? (trend line break or a ma cross)
     
    #22     Mar 28, 2022
  3. KGTrader4

    KGTrader4

    Yes, it’s where I see resistance in the charts.
     
    #23     Mar 28, 2022
  4. deaddog

    deaddog

    LOL We certainly look at charts differently. (grin)
     
    #24     Mar 28, 2022
  5. KGTrader4

    KGTrader4

    What do you see?

    upload_2022-3-28_22-33-16.png
     
    #25     Mar 28, 2022
  6. deaddog

    deaddog

    In the 312 range. Twice in Dec price got to that point and reversed.
     
    #26     Mar 28, 2022
  7. deaddog

    deaddog

    Using 312 as an initial target gives you a r/r of 2/1
     
    #27     Mar 28, 2022
    KGTrader4 likes this.
  8. KGTrader4

    KGTrader4

    Ok, we are seeing the same thing. See my yellow circle on the right, in the chart I posted. it’s around 312, I said 300, that was mistake.
     
    #28     Mar 28, 2022
  9. deaddog

    deaddog

    I'll throw out a trade I might take tomorrow. Don't mean to hi-jack your journal.
    R
    Ryder Systems is in an uptrend. (Higher lows)
    It recently made a new higher high and has retraced for 3 days.
    Today it stopped going down and closed near its high.
    Tomorrow if it trades above todays high I'll open a position.
    Entry 81.55-60; Stop 79.90; Initial target 85.5
    I'll put in a stop order tonight.
     
    #29     Mar 28, 2022
    GrowleyMonster likes this.
  10. KGTrader4

    KGTrader4

    No problem hijacking my journal I said it up so that I could learn and get feedback so it will be interesting to watch your trade I will take a look at the chart tomorrow morning
     
    #30     Mar 28, 2022