Category Archives: Day Trades

Learning from my Biggest Losses to Date – Respect Price Action & What the Chart is Telling You!

In this pictorial post, I took the time to go over my large losses in great detail to understand what happened. I hope this will help me remember what I shouldn’t be doing as  trade day in day out. My long term goal is to get profitable and finally trade full time. To do this I… Read More »

Week 3 (Focus on Reversals ONLY) – $RLYP, NUGT & $SM Top Reversal

Nice day. Started with a dumb trade on $RLYP. Shorted thinking bad news, so quick pop into resistance and wash out but boy was I wrong. Charts below in order of how I traded from $RLYP to $NUGT then finally $SM $RLYPWHY – Stupid FOMO. Should have waited for entry at the 200SMA.Exit – Was sick… Read More »

Week 3 (Focus on Reversals ONLY) – $DLPH Top Reversal

Traded scared even though set up was A+That is why you need to cut losing trades quickly.$DLPH End of Day Chart $FCX Perfect example of why you shouldn’t follow anyone. I followed even though set up was based on what someone else was anticipating on Oil. For now I have balcklisted all Oil stocks. I will NOT trade… Read More »

2016 Trades Review – April Week 1

Trading Journey of the Average AussieLooks like staying focused on one strategy at a time is really paying off. I have gained confidence and stopped following the crowd. The gains are small but its only because I use small size for most part and cover my trades quickly. I am learning and growing so the… Read More »